3M Company (MMM) Stock Analysis — Fair Value, Risk & Moat Rating
NYQ · Industrials · Conglomerates
Is 3M Company a safe investment right now?
3M Company's Altman Z-Score of 4.13 places it in the safe zone. Our fair value estimate is $156.07 (Watch Zone). Moat rating: 3.4/5 stars.
Could 3M Company go bankrupt? Altman Z-Score analysis
Z-Score of 4.13 is above 3.0, indicating the company is financially healthy by this metric.
- Below 1.8 — Distress Zone (high bankruptcy risk)
- 1.8 to 3.0 — Gray Zone (elevated uncertainty)
- Above 3.0 — Safe Zone (financially healthy)
What drives MMM's Z-Score?
| Component | Formula | Value | Weight | Contribution |
|---|---|---|---|---|
| A · Working Capital / Total Assets | WC / TA | 0.18 | 1.2 | 0.22 |
| B · Retained Earnings / Total Assets | RE / TA | 1.0139 | 1.4 | 1.42 |
| C · EBIT / Total Assets | EBIT / TA | 0.1367 | 3.3 | 0.45 |
| D · Market Cap / Total Liabilities | MCap / TL | 2.3087 | 0.6 | 1.39 |
| E · Revenue / Total Assets | Rev / TA | 0.6612 | 1.0 | 0.66 |
How has MMM's financial health changed over time?
| Year | Z-Score | Zone |
|---|---|---|
| 2022 | 3.92 | Safe |
| 2023 | 1.88 | Gray |
| 2024 | 3.82 | Safe |
| 2025 | 4.13 | Safe |
Source: Calculated from MMM's latest 10-K filing on SEC EDGAR.
What is 3M Company actually worth?
How we calculated this
| Input | Value | Source |
|---|---|---|
| Predicted EPS (α) | $6.53 | Proprietary blend of reported actuals (1Q actual) + analyst consensus, weighted by α |
| Last Year EPS | $6.00 | Annual report (SEC EDGAR) |
| Analyst Consensus EPS (This Year) | $8.66 | 17 analysts consensus |
| Trailing P/E | 28.1x | Current market pricing |
| Fair P/E (β discount) | 23.9x | Trailing PE adjusted by value discount factor β, hard-capped |
| Earnings Trend (γ) | Accelerating | Directional signal: predicted vs trailing EPS |
Wall Street Reference: Analyst consensus target price is $175.26 (17 analysts). This is shown for reference only and is not used in our valuation model.
Source: Earnings data from SEC EDGAR filings. Market data via Yahoo Finance.
Does 3M Company have a durable competitive advantage?
Moat rating: 3.4/5.
What makes up MMM's moat score?
ROIC Stability
ROIC variability over the past decade. Score: 4/5.
Gross Margin Trend
Gross margin trajectory over the past decade. Score: 3/5.
Switching Costs
Estimated customer lock-in based on margin level. Score: 3/5.
How stable is MMM's return on invested capital?
| Year | ROIC | Trend |
|---|---|---|
| 2022 | 15.2% | — |
| 2023 | -49.6% | Declining |
| 2024 | 35.6% | Rising |
| 2025 | 29.8% | Declining |
Source: ROIC calculated from SEC EDGAR filings.
Is 3M Company's dividend safe?
Can 3M Company afford its dividend?
Payout ratio is 57.2%. FCF covers the dividend 1.1x. 65 consecutive years of payments.
3M Company's key financial metrics
| Metric | Latest | 1Y Ago | 3Y Ago | Trend |
|---|---|---|---|---|
| Revenue | $24.9B | $24.6B | $26.2B | Stable |
| Net Income | $3.2B | $4.2B | $5.8B | Declining |
| Free Cash Flow | $1.4B | $0.6B | $3.8B | Declining |
| Gross Margin | 39.9% | 41.2% | 39.4% | Stable |
Recent events that affect our MMM analysis
MMM earnings report scheduled
Upcoming report. Consensus EPS estimate: $2.23. Revenue estimate: $6.37B. Our current Fair Value: $156.07 — a significant beat or miss could shift this estimate.
MMM analyst consensus: 50% bullish (9 of 18 analysts)
1 Strong Buy, 8 Buy, 7 Hold, 0 Sell, 2 Strong Sell. Consensus target: $175.26 (20.2% upside). Compare with our independent Fair Value: $156.07.
MMM beat EPS estimates by 7.9%
Reported EPS: $2.14 vs estimate $1.98. Earnings strength supports our Fair Value of $156.07 (7.1% above current price).
MMM filed quarterly report (10-Q)
Quarterly update with interim financials. May signal changes to earnings trajectory and balance sheet health. View on SEC EDGAR →
MMM filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
MMM paid $0.7800/share dividend
Dividend Safety Grade: A. Payout ratio: 57.2%.
MMM filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
MMM filed annual report (10-K)
Annual filing with full-year financials. Our Altman Z-Score, Moat, and Fair Value models are derived from this data. View on SEC EDGAR →
MMM beat EPS estimates by 1.8%
Reported EPS: $1.83 vs estimate $1.80. Earnings strength supports our Fair Value of $156.07 (7.1% above current price).
MMM filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
MMM paid $0.7300/share dividend
Dividend Safety Grade: A. Payout ratio: 57.2%.
MMM beat EPS estimates by 5.6%
Reported EPS: $2.19 vs estimate $2.07. Earnings strength supports our Fair Value of $156.07 (7.1% above current price).
MMM filed quarterly report (10-Q)
Quarterly update with interim financials. May signal changes to earnings trajectory and balance sheet health. View on SEC EDGAR →
MMM filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
MMM paid $0.7300/share dividend
Dividend Safety Grade: A. Payout ratio: 57.2%.
MMM filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
MMM beat EPS estimates by 7.4%
Reported EPS: $2.16 vs estimate $2.01. Earnings strength supports our Fair Value of $156.07 (7.1% above current price).
MMM filed quarterly report (10-Q)
Quarterly update with interim financials. May signal changes to earnings trajectory and balance sheet health. View on SEC EDGAR →
MMM filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
MMM paid $0.7300/share dividend
Dividend Safety Grade: A. Payout ratio: 57.2%.
MMM filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
MMM filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
MMM beat EPS estimates by 6.4%
Reported EPS: $1.88 vs estimate $1.77. Earnings strength supports our Fair Value of $156.07 (7.1% above current price).
MMM filed quarterly report (10-Q)
Quarterly update with interim financials. May signal changes to earnings trajectory and balance sheet health. View on SEC EDGAR →
MMM filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
MMM filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
MMM filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
MMM filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
MMM paid $0.7300/share dividend
Dividend Safety Grade: A. Payout ratio: 57.2%.
MMM filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
MMM filed annual report (10-K)
Annual filing with full-year financials. Our Altman Z-Score, Moat, and Fair Value models are derived from this data. View on SEC EDGAR →
MMM beat EPS estimates by 9.3%
Reported EPS: $1.68 vs estimate $1.54. Earnings strength supports our Fair Value of $156.07 (7.1% above current price).
MMM filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
Common questions about 3M Company
What is 3M Company stock price today?
3M Company (MMM) stock price is $145.78 as of the latest market close, traded on the NYSE exchange.
What does 3M Company do?
3M Company provides diversified technology services in the America, the Asia Pacific, Europe, the Middle East, Africa, and internationally. It operates through three segments: Safety and Industrial, Transportation and Electronics, and Consumer. The Safety and Industrial segment provides industrial abrasives and finishing for metalworking applications; autobody repair solutions; industrial specialty products, such as personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles.
What is 3M Company market cap?
3M Company has a market capitalization of $76.15B, classifying it as a large-cap stock in the Industrials sector.
What sector and industry is MMM in?
3M Company operates in the Industrials sector, specifically within the Conglomerates industry. It trades on the NYSE under the ticker symbol MMM.
Is MMM stock overvalued or undervalued?
Based on our valuation model, 3M Company trades 6.6% below our fair value estimate — potentially undervalued.
- FairValueLabs Fair Value: $156.07
- Current Price: $145.78
- Valuation Zone: Watch Zone
What is MMM stock forecast and analyst target price?
Based on 17 Wall Street analysts, the consensus price target for 3M Company is $175.26, implying upside of 20.2% from the current price.
- Analyst High Target: $230.00
- Analyst Low Target: $120.00
Note: Analyst targets are shown for reference and are not used in our valuation model.
Is 3M Company revenue and earnings growing?
Here are the analyst consensus growth estimates for 3M Company:
- Revenue growth (current year est.): 3.4%
- EPS growth (current year est.): 7.4%
- Revenue growth (next year est.): 3.4%
- EPS growth (next year est.): 8.6%
What are 3M Company's key financial metrics?
| Metric | Latest | Trend |
|---|---|---|
| Revenue | $24.9B | Stable |
| Net Income | $3.2B | Declining |
| Free Cash Flow | $1.4B | Declining |
| Gross Margin | 39.9% | Stable |
What is MMM's P/E ratio?
The price-to-earnings ratio measures how much investors pay per dollar of earnings:
- Trailing P/E (last 12 months): 28.1x
- Forward P/E (next 12 months est.): 15.4x
- FairValueLabs Fair P/E: 23.9x
How volatile is MMM stock?
3M Company has a beta of 1.16, meaning it is somewhat more volatile than the broader market. A beta above 1.0 indicates higher price swings relative to the S&P 500, while below 1.0 suggests more stability.
How much cash and debt does 3M Company have?
3M Company's balance sheet shows:
- Total Cash: $5.82B
- Total Debt: $13.13B
- Net Cash Position: $-7.31B
A positive net cash position means the company holds more cash than debt, reducing financial risk.
What is 3M Company's free cash flow?
3M Company generated $2.32B in trailing twelve-month free cash flow (from $2.96B in operating cash flow). Free cash flow represents the cash available for dividends, buybacks, and debt reduction after all capital expenditures.
Does 3M Company pay a dividend, and is it safe?
Yes, 3M Company pays a regular dividend. Here are the key metrics:
- Dividend Yield: 2.0%
- Payout Ratio: 57.2%
- Consecutive Years Paid: 65
- 5-Year Dividend Growth: -30.9%
- FairValueLabs Safety Grade: A
Is 3M Company at risk of going bankrupt?
3M Company's Altman Z-Score is 4.13, placing it in the safe zone (above 3.0) — bankruptcy risk is low. The Z-Score uses five balance sheet ratios to predict bankruptcy probability within two years.
Does 3M Company have a durable competitive advantage?
3M Company scores 3.4/5 stars (Narrow moat) in our moat analysis:
- ROIC Stability: 4/5
- Gross Margin Trend: 3/5
- Switching Costs: 3/5
A score above 3.5 suggests meaningful pricing power and a defensible market position.
What is MMM's return on equity (ROE)?
3M Company's return on equity is 71.5%. ROE measures how efficiently a company generates profits from shareholder equity. An ROE above 15% is generally considered strong, while below 10% may signal inefficiency.
How do I buy MMM stock?
MMM shares can be purchased through any brokerage account that provides access to the NYSE. Common steps:
- Open an account with a broker (e.g., Fidelity, Schwab, Interactive Brokers)
- Search for ticker symbol MMM
- Place a market or limit order for your desired number of shares
This is not investment advice. Always do your own research before buying any stock.
Is MMM a value stock or speculative?
FairValueLabs classifies 3M Company as Value Investment. It exhibits consistent profitability, reasonable valuation, and financial stability — characteristics of a traditional value investment.
Who is the CEO of 3M Company?
The current CEO of 3M Company is Mr. William M. Brown.
What is MMM's earnings per share (EPS)?
Earnings per share measures the company's profit allocated to each outstanding share:
- Trailing EPS (last 12 months): $5.19
- Forward EPS (next 12 months est.): $9.45
- Analyst consensus EPS (this year): $8.66
- Analyst consensus EPS (next year): $9.40
Other Industrials companies analyzed by FairValueLabs
FairValueLabs Disclaimer
All valuations, scores, ratings, and classifications on this page are produced by the FairValueLabs internal valuation system. They do not represent actual market value, guaranteed outcomes, or professional investment advice. These are analytical estimates for educational and research purposes only.
This is not financial advice. All data is sourced from SEC EDGAR public filings. Always consult a qualified financial advisor before making investment decisions.
Last updated: Apr 22, 2026. Data sources: SEC EDGAR (financial statements), Yahoo Finance (market data, analyst consensus). Data may not reflect the most recent quarter.
MMM analysis methodology: How we calculate fair value, Z-Scores, and moat ratings