3M Company

BIT:1MMM Stock Report

Market Cap: €74.3b

3M Valuation

Is 1MMM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 1MMM 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 Fair Value: 1MMM (€139.18) is trading below our estimate of fair value (€169.43)

Significantly Below Fair Value: 1MMM is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1MMM?

Key metric: As 1MMM is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 1MMM. This is calculated by dividing 1MMM's market cap by their current earnings.
What is 1MMM's PE Ratio?
PE Ratio25.5x
EarningsUS$3.40b
Market CapUS$86.88b

Price to Earnings Ratio vs Peers

How does 1MMM's PE Ratio compare to its peers?

The above table shows the PE ratio for 1MMM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.4x
ITM Italmobiliare
37.7x25.23%€1.2b
LDO Leonardo
31.3x14.77%€31.5b
PRY Prysmian
22.6x9.07%€26.0b
6501 Hitachi
29.9x11.34%JP¥23.8t
1MMM 3M
25.5x12.03%€86.9b

Price-To-Earnings vs Peers: 1MMM is good value based on its Price-To-Earnings Ratio (25.5x) compared to the peer average (30.2x).

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 1MMM's PE Ratio compare vs other companies in the European Industrials Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
1MMM 25.5xIndustry Avg. 20.9xNo. of Companies4PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 1MMM is expensive based on its Price-To-Earnings Ratio (25.5x) compared to the European Industrials industry average (21x).

Price to Earnings Ratio vs Fair Ratio

What is 1MMM'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.

1MMM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.5x
Fair PE Ratio34.7x

Price-To-Earnings vs Fair Ratio: 1MMM is good value based on its Price-To-Earnings Ratio (25.5x) compared to the estimated Fair Price-To-Earnings Ratio (34.7x).

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 1MMM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€139.18
€148.87
+6.96%
14.04%€180.79€93.81n/a16
Dec ’26€146.54
€151.30
+3.25%
14.15%€183.36€95.14n/a16
Nov ’26€144.86
€151.22
+4.39%
13.95%€183.91€95.43n/a16
Oct ’26€132.80
€138.48
+4.28%
15.25%€161.07€86.07n/a16
Sep ’26€133.26
€138.07
+3.61%
14.56%€161.58€86.34n/a17
Aug ’26€125.96
€139.17
+10.49%
14.36%€161.49€87.22n/a17
Jul ’26€131.86
€129.72
-1.62%
17.42%€156.07€84.82n/a18
Jun ’26€131.34
€133.78
+1.86%
17.35%€162.07€88.08n/a18
May ’26€121.42
€130.34
+7.35%
17.62%€161.83€87.95n/a18
Apr ’26€137.12
€143.31
+4.51%
17.36%€169.98€88.68n/a18
Mar ’26€147.50
€148.22
+0.49%
16.99%€176.88€92.28n/a18
Feb ’26€148.24
€148.85
+0.41%
17.08%€180.40€92.61n/a18
Jan ’26€123.84
€140.14
+13.16%
16.82%€175.79€85.03€137.1018
Dec ’25€126.20
€138.30
+9.59%
16.73%€173.88€84.11€146.5418
Nov ’25€117.44
€132.46
+12.79%
16.17%€166.41€82.28€144.8618
Oct ’25€122.82
€119.60
-2.62%
15.02%€146.35€80.40€132.8018
Sep ’25€120.32
€116.23
-3.40%
13.46%€136.08€80.74€133.2617
Aug ’25€115.76
€116.80
+0.90%
14.96%€139.01€82.48€125.9617
Jul ’25€93.52
€101.84
+8.89%
11.74%€131.08€81.46€131.8617
Jun ’25€91.05
€97.97
+7.60%
11.13%€129.63€80.55€131.3416
May ’25€89.91
€95.07
+5.74%
7.57%€104.75€81.37€121.4217
Apr ’25€97.57
€97.28
-0.29%
10.21%€117.31€78.20€137.1217
Mar ’25€84.60
€100.02
+18.23%
9.13%€117.36€78.55€147.5017
Feb ’25€87.37
€101.29
+15.93%
7.90%€114.76€80.52€148.2418
Jan ’25€99.30
€102.00
+2.72%
13.31%€143.03€75.61€123.8417
€148.55
Fair Value
6.3% undervalued intrinsic discount
16
Number of Analysts

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

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/06 16:40
End of Day Share Price 2026/01/06 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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 30 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
Julian MitchellBarclays
Robert CornellBarclays