GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » 3M Co (XBUL:MMM) » Definitions » Cyclically Adjusted Book per Share

3M Co (XBUL:MMM) Cyclically Adjusted Book per Share : лв20.96 (As of Mar. 2025)


View and export this data going back to 2021. Start your Free Trial

What is 3M Co Cyclically Adjusted Book per Share?

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. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

3M Co's adjusted book value per share for the three months ended in Mar. 2025 was лв14.346. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is лв20.96 for the trailing ten years ended in Mar. 2025.

During the past 12 months, 3M Co's average Cyclically Adjusted Book Growth Rate was -7.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -2.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 0.10% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 1.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of 3M Co was 11.50% per year. The lowest was -2.70% per year. And the median was 2.90% per year.

As of today (2025-05-28), 3M Co's current stock price is лв138.34. 3M Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was лв20.96. 3M Co's Cyclically Adjusted PB Ratio of today is 6.60.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of 3M Co was 9.54. The lowest was 2.89. And the median was 6.15.


3M Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for 3M Co's Cyclically Adjusted Book per Share 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 Cyclically Adjusted Book per Share Chart

3M Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 20.16

3M Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Book per Share Get a 7-Day Free Trial 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 - - 19.45 20.16 20.96

Competitive Comparison of 3M Co's Cyclically Adjusted Book per Share

For the Conglomerates subindustry, 3M Co's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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's Cyclically Adjusted PB Ratio Distribution in the Conglomerates Industry

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

* The bar in red indicates where 3M Co's Cyclically Adjusted PB Ratio falls into.


;
;

3M Co Cyclically Adjusted Book per Share Calculation

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. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

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.

For example, 3M Co's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=14.346/134.9266*134.9266
=14.346

Current CPI (Mar. 2025) = 134.9266.

3M Co Quarterly Data

Book Value per Share CPI Adj_Book
201506 36.248 100.684 48.576
201509 34.232 100.392 46.008
201512 32.442 99.792 43.864
201603 33.459 100.470 44.934
201606 34.037 101.688 45.163
201609 34.513 101.861 45.716
201612 29.849 101.863 39.538
201703 31.824 102.862 41.744
201706 33.594 103.349 43.858
201709 35.271 104.136 45.700
201712 33.619 104.011 43.612
201803 31.979 105.290 40.981
201806 30.561 106.317 38.785
201809 30.440 106.507 38.563
201812 29.386 105.998 37.406
201903 29.114 107.251 36.627
201906 30.315 108.070 37.849
201909 32.189 108.329 40.092
201912 30.260 108.420 37.658
202003 30.512 108.902 37.804
202006 32.600 108.767 40.441
202009 35.622 109.815 43.768
202012 38.520 109.897 47.293
202103 41.056 111.754 49.569
202106 43.186 114.631 50.832
202109 43.401 115.734 50.598
202112 45.508 117.630 52.200
202203 45.378 121.301 50.475
202206 41.728 125.017 45.036
202209 44.058 125.227 47.471
202212 46.360 125.222 49.953
202303 47.962 127.348 50.816
202306 24.434 128.729 25.610
202309 14.631 129.860 15.202
202312 15.046 129.419 15.686
202403 15.209 131.776 15.573
202406 12.329 132.554 12.550
202409 14.744 133.029 14.954
202412 12.318 133.157 12.482
202503 14.346 134.927 14.346

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


3M Co  (XBUL:MMM) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

3M Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=138.34/20.96
=6.60

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of 3M Co was 9.54. The lowest was 2.89. And the median was 6.15.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


3M Co Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of 3M Co's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


3M Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » 3M Co (XBUL:MMM) » Definitions » Cyclically Adjusted Book per Share
Address
3M Center, St. Paul, MN, USA, 55144
3M, a multinational conglomerate founded in 1902, sells tens of thousands of products ranging from sponges to respirators. The firm is well known for its extensive research and development capabilities, and it is a pioneer in inventing new use cases for its proprietary technologies. 3M is organized across three business segments: safety and industrial (representing around 44% of revenue), transportation and electronics (36%), and consumer (20%). The firm recently spun off its healthcare business, now known as Solventum. Nearly half of 3M's revenue comes from outside the Americas.