3M (MMM)
NYSEIndustrialsConglomeratesSnapshot 2026-11-04
$193.95+9.55%
Close 2026-11-04 · 1-day change
NYSEIndustrialsConglomeratesSnapshot 2026-11-04
Research Workspace
Put MMM beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Industrial Conglomerates is in steady. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — Achieve EPS of $8.50 to $8.70 in 2026: Diluted EPS: $2.63 per share.
View ThesisRevenue is growing steadily — about 2% over the past year.
View GrowthRanks among the strongest in its industry on quality — around the top 20%.
View QualityManagement screens strong on capital allocation, earnings delivery, margins, the balance sheet.
View ManagementExpectations look high — the market is pricing in about 41% growth a year, above the roughly 5% analysts expect, leaving little room for error.
View ValuationModerate volatility — typically moves about 1% a day.
View Risk3M's data center expansion must keep compounding to justify the price. Revenue growth is slowing, with the latest quarter up just 1% year over year. The company beat Q3 estimates and raised full-year guidance to $9.10-$9.15. It trades at 22x earnings, slightly above the 22x peer median. The market is pricing in more growth than we forecast. The primary pillar is under pressure, with diluted EPS at $2.63. Peer multiples imply a price about 41% below where it trades. The thesis is on watch. This read is provisional.
Trailing returns as of 2026-11-04. MMM is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 19 analysts currently covering MMM (as of Nov 2026).
Based on 7 Wall Street analysts offering 12-month price targets for MMM in the last 4 months.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| MMM Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 12 valuation methods, at three horizons. As of 2026-11-04. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Industrial Conglomerates — fair value, gap to price, and forward P/E.
Compare the value case
Put MMM next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Resolving AFFF litigation removes major liability overhang.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-11-04. EPS is implied from price ÷ P/E. Not investment advice.
Current $193.95
The last 12 months of price, then the range of analyst 12-month targets from today’s $193.95.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Bottom 25% on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Removes major legal overhang, stabilizing valuation and cash flow.
Removes major legal overhang, stabilizing valuation and cash flow.
Advances: Achieve 2026 adjusted EPS guidance of $8.80 to $8.95
Reported EPS guidance exceeds the target range, with substantial data-center sales milestones supporting growth.
Advances: Achieve 2026 adjusted EPS guidance of $8.80 to $8.95
Reported earnings beat, expanding margins, and improved outlook support EPS and margin objectives.
Expanded data-center partnership and warrant signal strategic demand, though financial impact is not quantified.
Advances: Achieve 2026 adjusted EPS guidance of $8.80 to $8.95
Upgrade reflects confidence in growth and operational improvements.
Legal pressure could impact financial performance and guidance.
