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3M (MMM, Industrial Conglomerates) Stock Valuation & Fair Value Trading above fair value

3M (MMM, Industrial Conglomerates) trades at a blended P/E of 20.6, about 17% above its historical normal valuation, with a forward growth estimate of 9.5% and a PEG of 2.18. Analysts' one-year estimates have been hit 73% of the time.

DATA AS OF 2026-08-21
Blended P/E
20.6
Normal P/E
17.7
PEG
2.18
Fwd growth
9.5%
Div yield
1.8%
RSI (14)
54.5
Neutral

The Street vs SeerForecast

Wall Street's mean price target for MMM is $185.57 across 17 analysts, 3.7% above the current price. The average analyst rating is Buy. Our SeerForecast read of the same stock, formed without analyst targets: trading above fair value. When the two disagree, start your digging there.

Valuation flags

Verdict history

tickerseer's rating moved from fairly valued (2026-06-03) to trading above fair value (2026-08-21).

Price and rating by weekClose moved +20.4 percent from 2026-06-03 to 2026-08-17, with 1 rating change over 21 recorded weeks.2026-06-03: Fairly valued, close 151.65 (recalculated)2026-06-10: Fairly valued, close 156.85 (recalculated)2026-06-14: Fairly valued, close 158.32 (recalculated)2026-06-16: Fairly valued, close 161.63 (recalculated)2026-06-21: Fairly valued, close 160.60 (recalculated)2026-07-02: Fairly valued, close 160.44 (recalculated)2026-07-06: Fairly valued, close 159.15 (recalculated)2026-07-09: Fairly valued, close 155.34 (recalculated)2026-07-12: Fairly valued, close 157.52 (recalculated)2026-07-13: Fairly valued, close 157.70 (recalculated)2026-07-14: Fairly valued, close 156.58 (recalculated)2026-07-20: Fairly valued, close 159.11 (recalculated)2026-07-22: Fairly valued, close 170.76 (recalculated)2026-07-25: Trading above fair value, close 172.62 (recalculated)2026-07-27: Trading above fair value, close 178.23 (recalculated)2026-07-31: Trading above fair value, close 176.28 (recalculated)2026-08-03: Trading above fair value, close 176.282026-08-07: Trading above fair value, close 182.90 (recalculated)2026-08-10: Trading above fair value, close 182.902026-08-14: Trading above fair value, close 182.65 (recalculated)2026-08-17: Trading above fair value, close 182.651521832026-06-032026-08-17
Attractively valuedFairly valuedAbove fair valueLarger dot: a stronger reading

Not every point was recorded live. Points marked recalculated apply today's valuation rules to the metrics tickerseer archived that week.

2026-06-03P/E 18.4+4%Fairly valued
2026-06-10P/E 18.4+4%Fairly valued
2026-06-14P/E 18.4+4%Fairly valued
2026-06-16P/E 18.4+4%Fairly valued
2026-06-21P/E 18.4+4%Fairly valued
2026-07-02P/E 19.1+8%Fairly valued
2026-07-06P/E 19.1+8%Fairly valued
2026-07-09P/E 19.1+8%Fairly valued
2026-07-12P/E 18.8+6%Fairly valued
2026-07-13P/E 18.8+6%Fairly valued
2026-07-14P/E 18.8+6%Fairly valued
2026-07-20P/E 19.0+8%Fairly valued
2026-07-22P/E 19.0+8%Fairly valued
2026-07-25P/E 20.2+14%Trading above fair value
2026-07-27P/E 20.2+14%Trading above fair value
2026-07-31P/E 20.6+16%Trading above fair value
2026-08-03P/E 20.6+16%Trading above fair value
2026-08-07P/E 21.0+19%Trading above fair value
2026-08-10P/E 21.3+20%Trading above fair value
2026-08-14P/E 21.2+20%Trading above fair value
2026-08-17P/E 21.2+20%Trading above fair value
2026-08-21P/E 20.6+17%Trading above fair value ← now

Frequently asked questions

Is 3M stock overvalued?

At a blended P/E of 20.6 versus its historical normal P/E of 17.7, 3M trades about 17% above its typical valuation, with a PEG of 2.18 on 9.5% forward growth. tickerseer currently rates it trading above fair value.

What is 3M's fair value and PEG?

3M trades at a blended P/E of 20.6 against a historical normal P/E of 17.7, a PEG of 2.18, and a forward growth estimate of 9.5%.

Has tickerseer's rating of 3M changed?

tickerseer's rating moved from fairly valued (2026-06-03) to trading above fair value (2026-08-21).

What is the analyst price target for 3M?

The mean Wall Street price target for 3M is $185.57 across 17 analysts, 3.7% above the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.

Industry: Industrial Conglomerates. Create a free account to see the full analysis: the SeerAI score, its five quality sub-scores, valuation history, and the AI research note. Options setups and metric history are part of the paid plans.

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