3M Company

SWX:MMM Stock Report

Market Cap: CHF 61.5b

3M Valuation

Is MMM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of MMM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: MMM (CHF117) is trading below our estimate of future cash flow value (CHF191.86)

Significantly Below Future Cash Flow Value: MMM is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MMM?

Key metric: As MMM is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MMM. This is calculated by dividing MMM's market cap by their current earnings.
What is MMM's PE Ratio?
PE Ratio24.6x
EarningsUS$3.25b
Market CapUS$78.53b

Price to Earnings Ratio vs Peers

How does MMM's PE Ratio compare to its peers?

The above table shows the PE ratio for MMM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average42.6x
SCHN Schindler Holding
27.5x6.72%CHF 28.4b
ABBN ABB
36.3x7.82%CHF 129.9b
GEBN Geberit
30x5.85%CHF 17.9b
VACN VAT Group
76.6x19.30%CHF 16.4b
MMM 3M
24.6x9.93%CHF 78.5b

Price-To-Earnings vs Peers: MMM is good value based on its Price-To-Earnings Ratio (24.6x) compared to the peer average (42.6x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does MMM's PE Ratio compare vs other companies in the European Industrials Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
MMM 24.6xIndustry Avg. 21.2xNo. of Companies3PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MMM is expensive based on its Price-To-Earnings Ratio (24.6x) compared to the European Industrials industry average (21.2x).

Price to Earnings Ratio vs Fair Ratio

What is MMM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MMM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.6x
Fair PE Ratio31.6x

Price-To-Earnings vs Fair Ratio: MMM is good value based on its Price-To-Earnings Ratio (24.6x) compared to the estimated Fair Price-To-Earnings Ratio (31.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MMM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 117.00
CHF 136.49
+16.66%
14.59%CHF 180.27CHF 94.05n/a17
Apr ’27CHF 114.00
CHF 140.13
+22.92%
14.07%CHF 181.20CHF 95.37n/a17
Mar ’27CHF 128.00
CHF 137.41
+7.35%
13.55%CHF 175.28CHF 92.25n/a17
Feb ’27CHF 120.00
CHF 136.84
+14.04%
13.14%CHF 172.38CHF 92.76n/a17
Jan ’27CHF 142.00
CHF 138.61
-2.39%
13.93%CHF 168.64CHF 87.50n/a16
Dec ’26CHF 129.00
CHF 141.27
+9.51%
14.15%CHF 171.20CHF 88.83n/a16
Nov ’26CHF 122.00
CHF 140.26
+14.97%
13.95%CHF 170.59CHF 88.51n/a16
Oct ’26CHF 120.00
CHF 129.51
+7.93%
15.25%CHF 150.63CHF 80.50n/a16
Sep ’26CHF 120.00
CHF 129.23
+7.69%
14.56%CHF 151.23CHF 80.82n/a17
Aug ’26CHF 120.00
CHF 129.74
+8.12%
14.36%CHF 150.55CHF 81.31n/a17
Jul ’26CHF 112.00
CHF 121.18
+8.20%
17.42%CHF 145.80CHF 79.24n/a18
Jun ’26CHF 119.00
CHF 124.96
+5.01%
17.35%CHF 151.38CHF 82.27n/a18
May ’26CHF 115.00
CHF 122.70
+6.70%
17.62%CHF 152.34CHF 82.80n/a18
Apr ’26CHF 129.00
CHF 136.76
+6.02%
17.36%CHF 162.21CHF 84.63CHF 114.0018
Mar ’26CHF 135.00
CHF 138.65
+2.70%
16.99%CHF 165.46CHF 86.33CHF 128.0018
Feb ’26CHF 135.00
CHF 140.52
+4.09%
17.08%CHF 170.30CHF 87.43CHF 120.0018
Jan ’26CHF 112.00
CHF 130.87
+16.85%
16.82%CHF 164.17CHF 79.41CHF 142.0018
Dec ’25CHF 111.00
CHF 128.85
+16.08%
16.73%CHF 162.00CHF 78.36CHF 129.0018
Nov ’25CHF 115.00
CHF 123.92
+7.76%
16.17%CHF 155.68CHF 76.98CHF 122.0018
Oct ’25CHF 110.00
CHF 112.03
+1.84%
15.02%CHF 137.09CHF 75.31CHF 120.0018
Sep ’25CHF 110.00
CHF 111.05
+0.95%
13.46%CHF 130.02CHF 77.14CHF 120.0017
Aug ’25CHF 92.00
CHF 110.11
+19.69%
14.96%CHF 131.04CHF 77.75CHF 120.0017
Jul ’25CHF 92.00
CHF 97.59
+6.08%
11.74%CHF 125.62CHF 78.07CHF 112.0017
Jun ’25CHF 92.00
CHF 96.66
+5.07%
11.13%CHF 127.89CHF 79.48CHF 119.0016
May ’25CHF 82.00
CHF 93.43
+13.94%
7.57%CHF 102.94CHF 79.97CHF 115.0017
Apr ’25CHF 85.00
CHF 94.52
+11.20%
10.21%CHF 113.97CHF 75.98CHF 129.0017
CHF 133.35
Fair Value
12.3% undervalued intrinsic discount
17
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/04/13 11:02
End of Day Share Price 2026/04/13 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

3M Company is covered by 29 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John EadeArgus Research Company
Robert CornellBarclays
Julian MitchellBarclays