3M Co P/B Ratio
Data as of October 02, 2026
P/B Ratio
18.39
Stock Price
$163.02
Book Value/Share
$8.87
Sector
Industrial Conglomerates
How It's Calculated
18.39 = $163.02 ÷ $8.87
What This Means
3M Co's P/B ratio of 18.39 is above 6. Asset-light business models and unrecognized intangible assets can make book value a limited denominator; the multiple alone does not determine fair value.
About 3M Co
3M Co (MMM) operates in the Industrial Conglomerates sector, specifically in Industrial Conglomerates. With a market capitalization of about $84.02B, it ranks as a large-cap stock — a major established company.
Shares recently traded near $163.02, within a 52-week range of $139.34 to $184.90 (-11.8% from the high, +17.0% from the low). Beta of 1.01 is broadly in line with typical market sensitivity.
Trailing profit margin is about 11.9%, signaling a solid profit margin for its industry.
Understanding This Metric
The price-to-book ratio compares market price to net asset value per share. For 3M Co, P/B is especially useful when earnings are volatile or temporarily depressed. In Industrial Conglomerates, asset-heavy business models often anchor closer to book value, while asset-light models may trade far above book.
Sector Comparison
Among Industrial Conglomerates names on our S&P 100 coverage, 3M Co's P/B ratio of 18.39 can be compared with peers such as HON (8.79). Sector context helps interpretation, but each company's growth profile and balance sheet differ — use multiple metrics before drawing conclusions. View all Industrial Conglomerates stocks.
Key Takeaways
- MMM is grouped in the Industrial Conglomerates sector for peer comparisons.
- Recent beta of 1.01 suggests market-like price sensitivity.
- Trailing profit margin of 11.9% provides context for how much earnings support the headline multiple.
Related Tools & Guides
Explore calculators and guides connected to this metric, or view all metrics for MMM.
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Frequently Asked Questions
What does MMM's price-to-book ratio indicate?
P/B compares share price to book value per share. 3M Co's P/B of 18.39 reflects how the market prices net assets — especially relevant for asset-heavy Industrial Conglomerates business models.
Is 18.39 above or below book value?
A P/B above 1.0 (18.39) means the market values MMM above accounting book value — often due to brands, growth, or intangible assets.
How does P/B compare within Industrial Conglomerates?
Peer P/B levels in Industrial Conglomerates (e.g. HON (8.79)) provide context; asset-light vs asset-heavy models differ materially.
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