3M Co (XBUL:MMM) Cyclically Adjusted PS Ratio: 2.63 (As of Aug. 24, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XBUL:MMM 3M Co XBUL:MMM
52 GF Score
Price лв138.34
! 8 Warning Signs
View Full Analysis

What is 3M Co Cyclically Adjusted PS Ratio?

3M Co XBUL:MMM 52 Cyclically Adjusted PS Ratio is 2.63 as of Aug. 24, 2026, which is 0% below its 10-year median of 2.64. GuruFocus rates XBUL:MMM with a GF Score™ of 52/100. The stock has 8 warning signs investors should review. Among 460 Conglomerates companies, 3M Co ranks worse than 81.96% on this metric.

As of today (2026-08-24), 3M Co's current share price is лв138.34. 3M Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was лв52.68. 3M Co's Cyclically Adjusted PS Ratio for today is 2.63.

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

XBUL:MMM' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.17   Med: 2.64   Max: 4.72
Current: 2.9

During the past years, 3M Co's highest Cyclically Adjusted PS Ratio was 4.72. The lowest was 1.17. And the median was 2.64.

XBUL:MMM's Cyclically Adjusted PS Ratio is ranked worse than
81.96% of 460 companies
in the Conglomerates industry
Industry Median: 0.785 vs XBUL:MMM: 2.90

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

3M Co's adjusted revenue per share data for the three months ended in Jun. 2026 was лв21.107. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is лв52.68 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


3M Co  (XBUL:MMM) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


3M Co Cyclically Adjusted PS Ratio Related Terms


3M Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for 3M Co's Cyclically Adjusted PS 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.

3M Co Cyclically Adjusted PS Ratio Chart

3M Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.59 1.67 1.49 2.12 2.63

3M Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS Ratio 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 2.48 2.53 2.63 2.36 2.63

XBUL:MMM vs HON, VMI, GHC: Cyclically Adjusted PS Ratio Comparison

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

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

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


XBUL:MMM
52GF Score
3M Co XBUL:MMM
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

3M Co Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

3M Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=138.34/52.68
=2.63

* 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 Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, 3M Co's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=21.107/333.9520*333.9520
=21.107

Current CPI (Jun. 2026) = 333.9520.

3M Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 21.133 241.428 29.232
201612 20.252 241.432 28.013
201703 21.302 243.801 29.179
201706 21.620 244.955 29.475
201709 22.626 246.819 30.614
201712 22.100 246.524 29.938
201803 22.919 249.554 30.670
201806 23.556 251.989 31.218
201809 23.110 252.439 30.572
201812 22.739 251.233 30.226
201903 22.665 254.202 29.776
201906 23.650 256.143 30.834
201909 23.252 256.759 30.243
201912 23.613 256.974 30.686
202003 23.557 258.115 30.478
202006 20.959 257.797 27.150
202009 24.321 260.280 31.205
202012 24.931 260.474 31.964
202103 25.609 264.877 32.287
202106 25.794 271.696 31.704
202109 25.872 274.310 31.497
202112 25.192 278.802 30.175
202203 26.047 287.504 30.255
202206 25.776 296.311 29.050
202209 25.651 296.808 28.861
202212 0.034 296.797 0.038
202303 24.627 301.836 27.247
202306 19.242 305.109 21.061
202309 19.189 307.789 20.820
202312 18.362 306.746 19.991
202403 18.358 312.332 19.629
202406 19.125 314.175 20.329
202409 19.318 315.301 20.461
202412 18.669 315.605 19.754
202503 18.441 319.799 19.257
202506 19.907 322.561 20.610
202509 20.545 324.800 21.124
202512 19.306 324.054 19.896
202603 19.199 330.213 19.416
202606 21.107 333.952 21.107

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.

What does a Cyclically Adjusted PS Ratio of 2.63 mean?
3M Co (XBUL:MMM) has a Cyclically Adjusted PS Ratio of 2.63 as of Aug. 24, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on 3M Co and its competitors. This is near median its historical median of 2.64. Over the past decade, 3M Co's Cyclically Adjusted PS Ratio has ranged from 1.17 to 4.72. According to the industry distribution chart, 3M Co ranks #377 out of 460 companies in the Conglomerates industry, placing it in the top 82%.
Is 3M Co's Cyclically Adjusted PS Ratio too high?
3M Co's current Cyclically Adjusted PS Ratio of 2.63 is near median its 10-year median of 2.64. Over the past 10 years, this metric has ranged from a low of 1.17 to a high of 4.72. The Conglomerates industry median Cyclically Adjusted PS Ratio is 0.79. 3M Co's value of 2.63 is 235% above this industry median. Based on the distribution chart, 3M Co ranks #377 out of 460 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, 3M Co has a GF Score™ of 52/100, reflecting its overall financial health beyond just this single metric.
How does 3M Co's Cyclically Adjusted PS Ratio compare to HON and VMI?
According to the Conglomerates industry distribution chart, 3M Co ranks #377 out of 460 companies for Cyclically Adjusted PS Ratio. This places 3M Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.79. 3M Co's value of 2.63 is 235% above this benchmark. Historically, 3M Co's own Cyclically Adjusted PS Ratio has ranged from 1.17 to 4.72 over the past decade. While the company's 10-year median is 2.64 vs. the industry median of 0.79, 3M Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Conglomerates company?
The median Cyclically Adjusted PS Ratio among Conglomerates companies is 0.79, based on 460 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 3M Co's current Cyclically Adjusted PS Ratio of 2.63 is 235% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on 3M Co and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PS Ratio is 0.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. 3M Co's current Cyclically Adjusted PS Ratio is 2.63, which is near median its own 10-year median of 2.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 3M Co stock overvalued right now?
3M Co (XBUL:MMM) has a current Cyclically Adjusted PS Ratio of 2.63. The current Cyclically Adjusted PS Ratio is 2.63, which is near median its 10-year median of 2.64 and 235% above the Conglomerates industry median of 0.79. 3M Co's overall GF Score™ is 52/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For 3M Co (XBUL:MMM), the current Cyclically Adjusted PS Ratio is 2.63 as of Aug. 24, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

3M Co Business Description

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.
52GF Score

Get the complete analysis for XBUL:MMM

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

лв138.34
Price