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3M IndiaNSE:3MINDIA +0.72%86 PB Ratio is 22.62 as of Jul. 25, 2026, which is 49% above its 10-year median of 15.14. GuruFocus rates NSE:3MINDIA with a GF Score™ of 86/100 and a GF Value™ of ₹38,296.81 (Fairly Valued). The stock has 4 warning signs investors should review. Among 547 Conglomerates companies, 3M India ranks worse than 97.99% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-25), 3M India's share price is ₹35500.00. 3M India's Book Value per Share for the quarter that ended in Mar. 2026 was ₹1,569.60. Hence, 3M India's PB Ratio of today is 22.62.
Warning Sign:
3M India Ltd stock PB Ratio (=22.63) is close to 10-year high of 25.06.
The historical rank and industry rank for 3M India's PB Ratio or its related term are showing as below:
NSE:3MINDIA'
s PB Ratio Range Over the Past 10 Years
Min: 9.08 Med: 15.14 Max: 25.06
Current: 22.63
During the past 13 years, 3M India's highest PB Ratio was 25.06. The lowest was 9.08. And the median was 15.14.
NSE:3MINDIA's PB Ratio is ranked worse than 97.99% of 547
companies
in the Conglomerates industry
Industry Median: 1.04
vs NSE:3MINDIA: 22.63
During the past 12 months, 3M India's average Book Value Per Share Growth Rate was -4.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 1.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -1.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 6.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of 3M India was 34.10% per year. The lowest was -5.40% per year. And the median was 13.20% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
3M India PB Ratio Related Terms
3M India PB Ratio Historical Data
* Premium members only.
The historical data trend for 3M India's PB 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.
For the Conglomerates subindustry, 3M India's PB Ratio, along with its competitors' market caps and 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 India PB Ratio vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, 3M India's PB Ratio distribution charts can be found below:
* The bar in red indicates where 3M India's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
3M India's PB Ratio for today is calculated as follows:
* 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 Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
3M India (NSE:3MINDIA) has a PB Ratio of 22.62 as of Jul. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on 3M India and its competitors. This is 49% above median its historical median of 15.14. Over the past decade, 3M India's PB Ratio has ranged from 9.08 to 25.06. According to the industry distribution chart, 3M India ranks #536 out of 547 companies in the Conglomerates industry, placing it in the top 98%.
Is 3M India's PB Ratio too high?
3M India's current PB Ratio of 22.62 is 49% above median its 10-year median of 15.14. Over the past 10 years, this metric has ranged from a low of 9.08 to a high of 25.06. The Conglomerates industry median PB Ratio is 1.04. 3M India's value of 22.62 is 2075% above this industry median. Based on the distribution chart, 3M India ranks #536 out of 547 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, 3M India has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does 3M India's PB Ratio compare to HON and MMM?
According to the Conglomerates industry distribution chart, 3M India ranks #536 out of 547 companies for PB Ratio. This places 3M India in the lower half of its industry. The industry median PB Ratio is 1.04. 3M India's value of 22.62 is 2075% above this benchmark. Historically, 3M India's own PB Ratio has ranged from 9.08 to 25.06 over the past decade. While the company's 10-year median is 15.14 vs. the industry median of 1.04, 3M India 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 PB Ratio for a Conglomerates company?
The median PB Ratio among Conglomerates companies is 1.04, based on 547 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 3M India's current PB Ratio of 22.62 is 2075% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on 3M India and its competitors. For the Conglomerates industry, the median PB Ratio is 1.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. 3M India's current PB Ratio is 22.62, which is 49% above median its own 10-year median of 15.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 3M India stock overvalued right now?
Based on GuruFocus' analysis, 3M India (NSE:3MINDIA) is currently considered Fairly Valued. The stock's GF Value™ is ₹38,296.81, compared to a current price of ₹35,500.00 — trading 7.3% below its estimated fair value. The current PB Ratio is 22.62, which is 49% above median its 10-year median of 15.14 and 2075% above the Conglomerates industry median of 1.04. 3M India's overall GF Score™ is 86/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For 3M India (NSE:3MINDIA), the current PB Ratio is 22.62 as of Jul. 25, 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 India (NSE:3MINDIA) Overvalued in 2026?
Based on GuruFocus' analysis, 3M India stock appears to be undervalued.
The current stock price of ₹35,500.00 is trading 7.3% below its estimated GF Value™ of ₹38,296.81.
GuruFocus considers 3M India to be Fairly Valued.
Key valuation signals for NSE:3MINDIA:
PB Ratio: 22.62 (49% above median its 10-year median of 15.14)
GF Value™: ₹38,296.81 vs. price of ₹35,500.00 (7.3% below fair value)
Industry Position: 2075% above the Conglomerates median (#536 of 547)
No single metric tells the full story. See the NSE:3MINDIA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
3M India Ltd is an Indian conglomerate operating in various industries. The company's operating segments are; the Safety and Industrial segment which offers solutions including personal safety products, industrial adhesives and tapes, abrasives, electrical products, and products for the automotive aftermarket. Transportation and Electronics which derives maximum revenue, consist of products for automotive and aerospace, commercial solutions, materials, and solutions for transportation safety. The Consumer business segment serves consumers with home care, office supplies and stationery, home improvement, and consumer healthcare products; and the Healthcare segment provides products and services such as medical and surgical supplies, oral care solutions and filtration.
86GF Score
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