3M Company P/B Ratio
Data as of June 01, 2026
P/B Ratio
24.48
Stock Price
$153.13
Book Value/Share
$6.26
Sector
Industrials
How It's Calculated
24.48 = $153.13 ÷ $6.26
What This Means
3M Company's P/B ratio of 24.48 is significantly elevated, often seen in asset-light businesses like tech or services where intangible assets drive most of the value.
About 3M Company
3M Company (MMM) operates in the Industrials sector, specifically in Conglomerates. With a market capitalization of about $79.87B, it ranks as a large-cap stock — a major established company.
Shares recently traded near $153.13, within a 52-week range of $139.34 to $177.41 (-13.7% from the high, +9.9% from the low). Beta of 1.09 is broadly in line with typical market sensitivity.
Trailing profit margin is about 11.1%, signaling a solid profit margin for its industry.
Understanding This Metric
The price-to-book ratio compares market price to net asset value per share. For 3M Company, P/B is especially useful when earnings are volatile or temporarily depressed. In Industrials, asset-heavy business models often anchor closer to book value, while asset-light models may trade far above book.
Sector Comparison
Among Industrials names on our S&P 100 coverage, 3M Company's P/B ratio of 24.48 can be compared with peers such as CAT (21.62), GE (18.18), RTX (3.65). Sector context helps interpretation, but each company's growth profile and balance sheet differ — use multiple metrics before drawing conclusions. View all Industrials stocks.
Key Takeaways
- MMM is grouped in the Industrials sector for peer comparisons.
- Recent beta of 1.09 suggests market-like price sensitivity.
- Trailing profit margin of 11.1% provides context for how much earnings support the headline multiple.
Related Tools & Guides
Explore calculators and guides connected to this metric, or view all metrics for MMM.
Other MMM Metrics
Frequently Asked Questions
What does MMM's price-to-book ratio indicate?
P/B compares share price to book value per share. 3M Company's P/B of 24.48 reflects how the market prices net assets — especially relevant for asset-heavy Industrials business models.
Is 24.48 above or below book value?
A P/B above 1.0 (24.48) means the market values MMM above accounting book value — often due to brands, growth, or intangible assets.
How does P/B compare within Industrials?
Peer P/B levels in Industrials (e.g. BA (30.45), CAT (21.62), GE (18.18)) provide context; asset-light vs asset-heavy models differ materially.
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