3M Company
Financial ratios & Valuation

Forward Multiples (2025 – 2027)

202520262027
Price/Earnings ratio
20.2618.5717.44
Price/Sales ratio
3.633.533.42
Earnings per Share (EPS)
$7.61$8.30$8.85

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
17.9916.3017.8724.2017.5218.6215.4914.529.82-7.2316.3218.62
Price/Sales ratio
2.802.602.993.712.862.642.622.431.651.542.482.64
Price/Book Value ratio
6.786.708.7210.119.528.406.525.683.8410.5315.449.52
Price/Cash Flow ratio
13.4612.2713.5518.8414.5612.0310.4011.5310.147.5736.0714.56
Price/Free Cash Flow ratio
17.3715.8817.2224.1519.2815.8412.7614.6914.779.9995.9219.28
Price/Earnings Growth ratio
1.5312.432.22-9.181.48-1.440.811.71-50.240.03-97.96-1.44
Dividend Yield
2.48%3.25%2.96%2.38%3.40%3.89%4.01%3.97%5.93%6.54%2.58%3.89%
Profitability Indicator Ratios
Gross Profit Margin
48.31%49.18%50.04%49.45%49.08%46.67%48.40%46.83%43.81%43.46%43.08%46.67%
Operating Profit Margin
22.42%22.94%23.98%24.70%21.99%13.54%13.89%15.42%19.10%-27.93%18.66%18.66%
Pretax Profit Margin
22.07%22.53%23.42%23.84%21.36%17.77%20.85%20.37%18.67%-29.64%18.79%17.77%
Net Profit Margin
15.57%15.96%16.77%15.34%16.32%14.22%16.93%16.74%16.87%-21.40%15.36%14.22%
Effective Tax Rate
28.86%29.04%28.28%35.49%23.38%19.78%19.63%17.83%9.57%27.77%17.13%19.78%
Return on Assets
15.84%14.77%15.34%12.78%14.65%10.23%11.50%12.57%12.43%-13.82%10.74%10.23%
Return On Equity
37.71%41.14%48.82%41.8%54.31%45.13%42.13%39.16%39.11%-145.51%96.31%54.31%
Return on Capital Employed
28.23%27.13%27.06%25.80%24.63%12.28%11.35%14.33%17.70%-25.87%18.08%18.08%
Liquidity Ratios
Current Ratio
1.961.541.881.851.891.401.88N/AN/AN/A1.431.40
Quick Ratio
1.341.041.341.331.280.951.351.150.970.751.070.95
Cash ratio
0.310.250.380.390.390.250.580.500.380.380.530.39
Days of Sales Outstanding
48.6150.0853.2456.6255.9254.4153.3548.1048.3253.0545.0854.41
Days of Inventory outstanding
82.2483.4782.1492.0195.5288.0593.1796.80101.9595.2590.6888.05
Operating Cycle
130.85133.55135.39148.64151.44142.47146.53144.91150.28148.30135.76142.47
Days of Payables Outstanding
40.1040.1943.6344.3649.5747.4556.2958.1460.4064.1060.3749.57
Cash Conversion Cycle
90.7593.3691.75104.27101.8795.0190.2486.7789.8784.2075.3995.01
Debt Ratios
Debt Ratio
0.210.330.350.360.400.450.390.360.340.310.320.45
Debt Equity Ratio
0.520.911.121.201.482.001.451.141.073.332.841.48
Long-term Debt to Capitalization
0.330.420.500.500.570.630.580.510.480.730.700.57
Total Debt to Capitalization
0.340.470.520.540.590.660.590.530.510.760.730.59
Interest Coverage Ratio
50.2446.6136.2922.4619.0213.5212.89N/AN/AN/A3.9313.52
Cash Flow to Debt Ratio
0.960.590.570.440.440.340.430.420.350.410.150.34
Company Equity Multiplier
2.372.783.183.263.704.413.663.113.1410.528.803.70
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.200.210.220.190.190.220.250.210.160.200.060.22
Free Cash Flow / Operating Cash Flow Ratio
0.770.770.780.770.750.750.810.780.680.750.370.75
Cash Flow Coverage Ratio
0.960.590.570.440.440.340.430.420.350.410.150.34
Short Term Coverage Ratio
62.503.146.853.365.312.5210.065.702.882.261.062.52
Dividend Payout Ratio
44.71%52.98%53.02%57.69%59.69%72.56%62.17%57.76%58.31%-47.33%55.39%72.56%