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3M Co (MMM)
Surgical & Medical Instruments & Apparatus
Latest Price
$164.15
TTM P/E
29.16
Normalized P/E
47.49
Div Yield
1.84%
Book Value
5.72
P/B Ratio
28.68
Valuation metrics
adjust assumptions →EPS: $6.00
Book value / share: $8.87
Formula: √(22.5 × EPS × BVPS)
Graham Number
$34.60
79% downside
Norm. op. income: $6.2B (median of 7yr)
Tax rate: 19%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$78.33
52% downside
Base FCF: $3.8B (median of recent 5yr)
Growth: 6%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$114.79
30% downside
EPS: $6.00
Target P/E: 47×
Formula: EPS × P/E
P/E Fair Value
$282.00
+72% upside
Institutional Ownership
75.5% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| BlackRock, Inc. | 45.05M | $7.29B | 8.74% | +2.39M | 2026-06-30 |
| JPMorgan Chase & Co | 39.43M | $6.41B | 7.65% | -6.12M | 2026-06-30 |
| Vanguard Capital Management LLC | 34.07M | $5.51B | 6.61% | -162.4K | 2026-06-30 |
| State Street Corp | 27.83M | $4.50B | 5.40% | +105.2K | 2026-06-30 |
| Geode Capital Management, LLC | 11.96M | $1.93B | 2.32% | +59.8K | 2026-06-30 |
| Vanguard Portfolio Management LLC | 9.54M | $1.54B | 1.85% | +92.0K | 2026-06-30 |
| Capital World Investors | 8.39M | $1.36B | 1.63% | -780.0K | 2026-06-30 |
| State Farm Mutual Automobile Insurance Co | 7.93M | $1.28B | 1.54% | -- | 2026-06-30 |
| Norges Bank | 7.81M | $1.26B | 1.51% | -1.68M | 2026-06-30 |
| Morgan Stanley | 7.63M | $1.24B | 1.48% | +148.4K | 2026-06-30 |