As of today (2024-04-25), 3M Co's share price is $91.60. 3M Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $-22.34. Hence, 3M Co's Price to Tangible Book Ratio of today is .
The historical rank and industry rank for 3M Co's Price-to-Tangible-Book or its related term are showing as below:
During the past 13 years, 3M Co's highest Price to Tangible Book Ratio was 18.87. The lowest was 18.87. And the median was 18.87.
MMM's Price-to-Tangible-Book is not ranked *
in the Conglomerates industry.
Industry Median: 1.17 * Ranked among companies with meaningful Price-to-Tangible-Book only.
A closely related ratio is called PB Ratio. As of today, 3M Co's share price is $91.60. 3M Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was $8.70. Hence, 3M Co's P/B Ratio of today is 10.53.
3M Co Price-to-Tangible-Book Historical Data
The historical data trend for 3M Co's Price-to-Tangible-Book 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.
Competitive Comparison of 3M Co's Price-to-Tangible-Book
For the Conglomerates subindustry, 3M Co's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book Distribution in the Conglomerates Industry
For the Conglomerates industry and Industrials sector, 3M Co's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where 3M Co's Price-to-Tangible-Book falls into.
3M Co Price-to-Tangible-Book Calculation
3M Co's price-to-tangible-book ratio for today 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
3M Co Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of 3M Co's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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