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3M Co (NYSE:MMM) Shiller PE Ratio

: 10.24 (As of Today)
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As of today (2023-03-24), 3M Co's current share price is $101.00. 3M Co's E10 for the quarter that ended in Dec. 2022 was $9.86. 3M Co's Shiller PE Ratio for today is 10.24.

The historical rank and industry rank for 3M Co's Shiller PE Ratio or its related term are showing as below:

MMM' s Shiller PE Ratio Range Over the Past 10 Years
Min: 10.24   Med: 22.93   Max: 37.21
Current: 10.25

During the past years, 3M Co's highest Shiller PE Ratio was 37.21. The lowest was 10.24. And the median was 22.93.

MMM's Shiller PE Ratio is ranked better than
66.54% of 260 companies
in the Conglomerates industry
Industry Median: 14.32 vs MMM: 10.25

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

3M Co's adjusted earnings per share data for the three months ended in Dec. 2022 was $0.980. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $9.86 for the trailing ten years ended in Dec. 2022.

Shiller PE for Stocks: The True Measure of Stock Valuation


3M Co Shiller PE Ratio Historical Data

The historical data trend for 3M Co's Shiller PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

3M Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Shiller PE Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.75 22.58 21.35 19.60 12.17

3M Co Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.60 15.89 13.68 11.12 12.17

Competitive Comparison

For the Conglomerates subindustry, 3M Co's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

3M Co Shiller PE Ratio Distribution

For the Conglomerates industry and Industrials sector, 3M Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where 3M Co's Shiller PE Ratio falls in comparison to its industry or sector. The grey bar indicates the Shiller PE Ratio's extreme value range as defined by GuruFocus.



3M Co Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

3M Co's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=101.00/9.86
=10.24

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

3M Co's E10 for the quarter that ended in Dec. 2022 is calculated as:

For example, 3M Co's adjusted earnings per share data for the three months ended in Dec. 2022 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Dec. 2022 (Change)*Current CPI (Dec. 2022)
=0.98/125.2218*125.2218
=0.980

Current CPI (Dec. 2022) = 125.2218.

3M Co Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201303 1.610 98.209 2.053
201306 1.710 98.518 2.174
201309 1.780 98.790 2.256
201312 1.620 98.326 2.063
201403 1.790 99.695 2.248
201406 1.910 100.560 2.378
201409 1.980 100.428 2.469
201412 1.810 99.070 2.288
201503 1.850 99.621 2.325
201506 2.020 100.684 2.512
201509 2.050 100.392 2.557
201512 1.660 99.792 2.083
201603 2.050 100.470 2.555
201606 2.080 101.688 2.561
201609 2.150 101.861 2.643
201612 1.880 101.863 2.311
201703 2.160 102.862 2.630
201706 2.580 103.349 3.126
201709 2.330 104.136 2.802
201712 0.850 104.011 1.023
201803 0.980 105.290 1.166
201806 3.070 106.317 3.616
201809 2.580 106.507 3.033
201812 2.270 105.998 2.682
201903 1.510 107.251 1.763
201906 1.920 108.070 2.225
201909 2.720 108.329 3.144
201912 1.660 108.420 1.917
202003 2.250 108.902 2.587
202006 2.250 108.767 2.590
202009 2.450 109.815 2.794
202012 2.380 109.897 2.712
202103 2.770 111.754 3.104
202106 2.590 114.631 2.829
202109 2.450 115.734 2.651
202112 2.310 117.630 2.459
202203 2.260 121.301 2.333
202206 0.140 125.017 0.140
202209 6.770 125.227 6.770
202212 0.980 125.222 0.980

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


3M Co  (NYSE:MMM) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


3M Co Shiller PE Ratio Related Terms

Thank you for viewing the detailed overview of 3M Co's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


3M Co (NYSE:MMM) Business Description

3M Co logo
Address
3M Center, St. Paul, MN, USA, 55144
3M is a multinational conglomerate that has operated since 1902, when it was known as Minnesota Mining and Manufacturing. The company is well known for its research and development laboratory and it leverages its science and technology across multiple product categories. As of 2020, 3M is organized into four business segments: safety and industrial, transportation and electronics, healthcare, and consumer. Nearly 50% of the company's revenue comes from outside the Americas, with the safety and industrial segment constituting a plurality of net sales. Many of the company's 60,000-plus products touch and concern a variety of consumers and end markets.
Executives
Suzan Kereere director 255 FISERV DRIVE, BROOKFIELD WI 53045
Kevin H Rhodes officer: EVP & Chief Legal Officer 3M COMPANY, 3M CENTER, BLDG 220-09-E-02, ST. PAUL MN 55144-1000
Peter D Gibbons officer: Group President 2401 UTAH AVENUE SOUTH, SUITE 800, SEATTLE WA 98134
Chavez Rodriguez Beatriz Karina officer: Senior Vice President 3M COMPANY, 3M CENTER BLDG 220-09-E-02, ST. PAUL MN 55144-1000
Mark W. Murphy officer: Executive Vice President ONE ST. JUDE MEDICAL DRIVE, ST. PAUL MN 55117
Zoe L Dickson officer: Executive Vice President 3M COMPANY, 3M CENTER, BLDG 220 09 E-02, ST. PAUL MN 55144-1000
James R Fitterling director 2211 H.H. DOW WAY, MIDLAND MI 48674
Jeffrey R Lavers officer: Executive Vice President 3M COMPANY, 3M CENTER, BLDG 220 09 E-02, ST. PAUL MN 55144-1000
Veena M Lakkundi officer: Senior Vice President 3M COMPANY, 3M CENTER, BLDG 220 09 E-02, ST. PAUL MN 55144-1000
Monish D Patolawala officer: Senior VP and CFO 3M COMPANY, 3M CENTER, BLDG 220 09 E-02, ST. PAUL MN 55144-1000
Vinita Lee Piper other: IVM001 712 WILCREST, SUITE 3020, HOUSTON TX 77042
Pamela Craig director C/O ACCENTURE, 161 N CLARK STREET, CHICAGO IL 60601
Ty R Silberhorn officer: Senior Vice President 3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST PAUL MN 55144-1000
Theresa E Reinseth officer: Vice President/CAO 3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST PAUL MN 55144-1000
Denise R Rutherford officer: Senior Vice President 3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST PAUL MN 55144-1000

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