3M CoMEX:MMM -3.03%63 Days Payable is 70.01 as of Mar. 2026, which is 31% above its 10-year median of 53.29. GuruFocus rates MEX:MMM with a GF Score™ of 63/100 and a GF Value™ of MXN2,411.18 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 505 Conglomerates companies, 3M Co ranks better than 60.4% on this metric.
3M Co's average Accounts Payable for the
three
months ended in Mar. 2026 was MXN49,445 Mil. 3M Co's Cost of Goods Sold for the
three
months ended in Mar. 2026 was MXN64,449 Mil.
Hence, 3M Co's Days Payable for the
three
months ended in Mar. 2026 was 70.01.
The historical rank and industry rank for 3M Co's Days Payable or its related term are showing as below:
MEX:MMM'
s Days Payable Range Over the Past 10 Years
Min: 42.55 Med: 53.29 Max: 72.58
Current: 66.86
During the past 13 years, 3M Co's highest Days Payable was 72.58. The lowest was 42.55. And the median was 53.29.
MEX:MMM's Days Payable is ranked better than 60.4% of 505
companies
in the Conglomerates industry
Industry Median: 55.71
vs MEX:MMM: 66.86
3M Co's Days Payable
declined
from Mar. 2025 (71.73) to Mar. 2026 (70.01).
It may suggest that 3M Coaccelerated paying its suppliers.
3M Co Days Payable Related Terms
3M Co Days Payable Historical Data
* Premium members only.
The historical data trend for 3M Co's Days Payable 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.
For the Conglomerates subindustry, 3M Co's Days Payable, along with its competitors' market caps and Days Payable 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 Days Payable vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, 3M Co's Days Payable distribution charts can be found below:
* The bar in red indicates where 3M Co's Days Payable falls into.
Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.
3M Co's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as
* 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 (MEX:MMM) has a Days Payable of 70.01 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on 3M Co and its competitors. This is 31% above median its historical median of 53.29. Over the past decade, 3M Co's Days Payable has ranged from 42.55 to 72.58. According to the industry distribution chart, 3M Co ranks #200 out of 505 companies in the Conglomerates industry, placing it in the top 39.6%.
Is 3M Co's Days Payable too high?
3M Co's current Days Payable of 70.01 is 31% above median its 10-year median of 53.29. Over the past 10 years, this metric has ranged from a low of 42.55 to a high of 72.58. The Conglomerates industry median Days Payable is 55.71. 3M Co's value of 70.01 is 25.7% above this industry median. Based on the distribution chart, 3M Co ranks #200 out of 505 companies in the Conglomerates industry, which is above the industry midpoint. Overall, 3M Co has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does 3M Co's Days Payable compare to VMI and HON?
According to the Conglomerates industry distribution chart, 3M Co ranks #200 out of 505 companies for Days Payable. This puts 3M Co in the upper half of its industry. The industry median Days Payable is 55.71. 3M Co's value of 70.01 is 25.7% above this benchmark. Historically, 3M Co's own Days Payable has ranged from 42.55 to 72.58 over the past decade. While the company's 10-year median is 53.29 vs. the industry median of 55.71, 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 Days Payable for a Conglomerates company?
The median Days Payable among Conglomerates companies is 55.71, based on 505 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 3M Co's current Days Payable of 70.01 is 25.7% 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 Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on 3M Co and its competitors. For the Conglomerates industry, the median Days Payable is 55.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. 3M Co's current Days Payable is 70.01, which is 31% above median its own 10-year median of 53.29. 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?
Based on GuruFocus' analysis, 3M Co (MEX:MMM) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN2,411.18, compared to a current price of MXN2,859.00 — trading 18.6% above its estimated fair value. The current Days Payable is 70.01, which is 31% above median its 10-year median of 53.29 and 25.7% above the Conglomerates industry median of 55.71. 3M Co's overall GF Score™ is 63/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For 3M Co (MEX:MMM), the current Days Payable is 70.01 as of Mar. 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.
Is 3M Co (MEX:MMM) Overvalued in 2026?
Based on GuruFocus' analysis, 3M Co stock appears to be overvalued.
The current stock price of MXN2,859.00 is trading 18.6% above its estimated GF Value™ of MXN2,411.18.
GuruFocus considers 3M Co to be Modestly Overvalued.
Key valuation signals for MEX:MMM:
Days Payable: 70.01 (31% above median its 10-year median of 53.29)
GF Value™: MXN2,411.18 vs. price of MXN2,859.00 (18.6% above fair value)
Industry Position: 25.7% above the Conglomerates median (#200 of 505)
No single metric tells the full story. See the MEX:MMM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
63GF Score
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