3M CoMMM -2.56%70 5-Year Yield-on-Cost % is 0.95 as of Jul. 06, 2026, which is 47% below its 10-year median of 1.78. GuruFocus rates MMM with a GF Score™ of 70/100 and a GF Value™ of $138.43 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 368 Conglomerates companies, 3M Co ranks worse than 87.23% on this metric.
3M Co's yield on cost for the quarter that ended in Mar. 2026 was 0.95.
The historical rank and industry rank for 3M Co's 5-Year Yield-on-Cost % or its related term are showing as below:
MMM'
s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0.82 Med: 1.78 Max: 4.06
Current: 0.95
During the past 13 years, 3M Co's highest Yield on Cost was 4.06. The lowest was 0.82. And the median was 1.78.
MMM's 5-Year Yield-on-Cost % is ranked worse than 87.23% of 368
companies
in the Conglomerates industry
Industry Median: 3.595
vs MMM: 0.95
3M Co (NYSE:MMM) 5-Year Yield-on-Cost % Explanation
Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.
3M Co 5-Year Yield-on-Cost % Related Terms
MMM vs HON, VMI, SEB: 5-Year Yield-on-Cost % Comparison
For the Conglomerates subindustry, 3M Co's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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 5-Year Yield-on-Cost % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, 3M Co's 5-Year Yield-on-Cost % distribution charts can be found below:
* The bar in red indicates where 3M Co's 5-Year Yield-on-Cost % falls into.
Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.
Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.
Therefore, Yield-on-Cost of 3M Co is calculated as
3M Co (MMM) has a 5-Year Yield-on-Cost % of 0.95 as of Jul. 06, 2026. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on 3M Co and its competitors. This is 47% below median its historical median of 1.78. Over the past decade, 3M Co's 5-Year Yield-on-Cost % has ranged from 0.82 to 4.06. According to the industry distribution chart, 3M Co ranks #321 out of 368 companies in the Conglomerates industry, placing it in the top 87.2%.
Is 3M Co's 5-Year Yield-on-Cost % too high?
3M Co's current 5-Year Yield-on-Cost % of 0.95 is 47% below median its 10-year median of 1.78. Over the past 10 years, this metric has ranged from a low of 0.82 to a high of 4.06. The Conglomerates industry median 5-Year Yield-on-Cost % is 3.60. 3M Co's value of 0.95 is 73.6% below this industry median. Based on the distribution chart, 3M Co ranks #321 out of 368 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, 3M Co has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does 3M Co's 5-Year Yield-on-Cost % compare to HON and VMI?
According to the Conglomerates industry distribution chart, 3M Co ranks #321 out of 368 companies for 5-Year Yield-on-Cost %. This places 3M Co in the lower half of its industry. The industry median 5-Year Yield-on-Cost % is 3.60. 3M Co's value of 0.95 is 73.6% below this benchmark. Historically, 3M Co's own 5-Year Yield-on-Cost % has ranged from 0.82 to 4.06 over the past decade. While the company's 10-year median is 1.78 vs. the industry median of 3.60, 3M Co has consistently been below 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 5-Year Yield-on-Cost % for a Conglomerates company?
The median 5-Year Yield-on-Cost % among Conglomerates companies is 3.60, based on 368 companies in the industry. Companies in the top quartile (top 25%) have a 5-Year Yield-on-Cost % significantly above this median, while those in the bottom quartile fall well below. However, 5-Year Yield-on-Cost % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 3M Co's current 5-Year Yield-on-Cost % of 0.95 is 73.6% below 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 5-Year Yield-on-Cost % mean?
A high 5-Year Yield-on-Cost % can signal that a stock is expensive relative to its fundamentals. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on 3M Co and its competitors. For the Conglomerates industry, the median 5-Year Yield-on-Cost % is 3.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. 3M Co's current 5-Year Yield-on-Cost % is 0.95, which is 47% below median its own 10-year median of 1.78. 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 (MMM) is currently considered Modestly Overvalued. The stock's GF Value™ is $138.43, compared to a current price of $156.34 — trading 12.9% above its estimated fair value. The current 5-Year Yield-on-Cost % is 0.95, which is 47% below median its 10-year median of 1.78 and 73.6% below the Conglomerates industry median of 3.60. 3M Co's overall GF Score™ is 70/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 5-Year Yield-on-Cost % calculated?
5-Year Yield-on-Cost % is calculated from a company's financial statements. For 3M Co (MMM), the current 5-Year Yield-on-Cost % is 0.95 as of Jul. 06, 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 (MMM) Overvalued in 2026?
Based on GuruFocus' analysis, 3M Co stock appears to be overvalued.
The current stock price of $156.34 is trading 12.9% above its estimated GF Value™ of $138.43.
GuruFocus considers 3M Co to be Modestly Overvalued.
Key valuation signals for MMM:
5-Year Yield-on-Cost %: 0.95 (47% below median its 10-year median of 1.78)
GF Value™: $138.43 vs. price of $156.34 (12.9% above fair value)
Industry Position: 73.6% below the Conglomerates median (#321 of 368)
No single metric tells the full story. See the 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.
70GF Score
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