Question 1

What is 3M's P/S ratio?

Accepted Answer

3M (MMM) P/S ratio is 3.3× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for 3M?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For 3M specifically, the relevant sector benchmark is the current sector median of 3.1×.

Question 5

Is 3M's P/S ratio high or low?

Accepted Answer

3M's P/S ratio of 3.3× is above its own 5-year average of 2.4× and above the sector median of 3.1×. That places the current reading at the 81th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is 3M's historical P/S ratio range?

Accepted Answer

In the available daily series, 3M (MMM) P/S ratio has ranged from a low of 1.2× in 2009 to a high of 3.8× in 2025. The 5-year average is 2.4× and the 5-year median is 2.3×.

Question 7

What was 3M's P/S ratio in 2025?

Accepted Answer

3M (MMM) P/S ratio at the end of 2025 was 3.4×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

Why does 3M's P/S ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$85.54B	$24.95B	3.4×	+0.6×	Dec 31, 2025
2024	$70.17B	$24.57B	2.9×	+0.9×	Dec 31, 2024
2023	$50.70B	$26.59B	1.9×	+0.3×	Dec 31, 2023
2022	$55.33B	$34.23B	1.6×	-0.8×	Dec 31, 2022
2021	$85.38B	$35.35B	2.4×	-0.2×	Dec 31, 2021
2020	$84.57B	$32.18B	2.6×	-0.0×	Dec 31, 2020
2019	$85.00B	$32.14B	2.6×	-0.2×	Dec 31, 2019
2018	$92.51B	$32.77B	2.8×	-0.9×	Dec 31, 2018
2017	$117.39B	$31.66B	3.7×	+0.7×	Dec 31, 2017
2016	$89.61B	$30.11B	3.0×	+0.4×	Dec 31, 2016
2015	$77.40B	$30.27B	2.6×	-0.2×	Dec 31, 2015
2014	$87.63B	$31.82B	2.8×	+0.2×	Dec 31, 2014
2013	$78.39B	$30.87B	2.5×	+0.7×	Dec 31, 2013
2012	$53.68B	$29.90B	1.8×	+0.2×	Dec 31, 2012
2011	$47.61B	$29.61B	1.6×	-0.3×	Dec 31, 2011
2010	$51.33B	$26.66B	1.9×	-0.2×	Dec 31, 2010
2009	$49.00B	$23.12B	2.1×	+0.8×	Dec 31, 2009
2008	$33.34B	$25.27B	1.3×	-0.7×	Dec 31, 2008
2007	$49.81B	$24.46B	2.0×	-0.0×	Dec 31, 2007
2006	$47.52B	$22.92B	2.1×	-0.2×	Dec 31, 2006
2005	$48.89B	$21.17B	2.3×	-0.3×	Dec 31, 2005
2004	$52.95B	$20.01B	2.6×	-0.4×	Dec 31, 2004
2003	$55.66B	$18.23B	3.1×	+0.6×	Dec 31, 2003
2002	$40.20B	$16.33B	2.5×	+0.1×	Dec 31, 2002
2001	$38.54B	$16.08B	2.4×	—	Dec 31, 2001


Boeing (BA)	1.8×
General Dynamics (GD)	1.8×
Expeditors International (EXPD)	1.7×
Gartner (IT)	1.7×
J.B. Hunt Transport Services (JBHT)	1.7×
Pool (POOL)	1.4×
C.H. Robinson Worldwide (CHRW)	1.2×
Alamo Group (ALG)	1.2×
Huntington Ingalls Industries (HII)	1.2×
Jacobs Solutions (J)	1.1×
Textron (TXT)	1.0×
Tennant (TNC)	1.0×
United Parcel Service (UPS)	0.9×
FedEx (FDX)	0.8×
AGCO (AGCO)	0.8×
Versant Media Group, Inc. Class A (VSNT)	0.8×
Stanley Black & Decker (SWK)	0.7×
Matthews International (MATW)	0.7×
Delta Air Lines (DAL)	0.7×
Southwest Airlines (LUV)	0.6×
Builders FirstSource (BLDR)	0.6×
United Airlines Holdings (UAL)	0.5×
Amentum Holdings (AMTM)	0.5×
Alaska Air Group (ALK)	0.3×
ABM Industries (ABM)	0.3×

P/S Ratio for 3M (MMM)

P/S Ratio daily chart for 3M (MMM)

Historical P/S Ratio for 3M (MMM) from 2001 to 2025

About P/S Ratio at 3M (MMM)

3M P/S Ratio by Year

3M P/S Ratio 2025: 3.4×

3M P/S Ratio 2024: 2.9×

3M P/S Ratio 2023: 1.9×

3M P/S Ratio 2022: 1.6×

3M P/S Ratio 2021: 2.4×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

3M (MMM) Key Financials

P/S Ratio daily chart for 3M (MMM)

Historical P/S Ratio for 3M (MMM) from 2001 to 2025

About P/S Ratio at 3M (MMM)

3M P/S Ratio by Year

3M P/S Ratio 2025: 3.4×

3M P/S Ratio 2024: 2.9×

3M P/S Ratio 2023: 1.9×

3M P/S Ratio 2022: 1.6×

3M P/S Ratio 2021: 2.4×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

+What is 3M's P/S ratio?

+How is the P/S ratio calculated?

+What is the P/S ratio?

+What is a good P/S ratio for 3M?

+Is 3M's P/S ratio high or low?

+What is 3M's historical P/S ratio range?

+What was 3M's P/S ratio in 2025?

+Why does 3M's P/S ratio change over time?

3M (MMM) Key Financials