Price to Earnings (P/E) since 2005
Difficulty: Beginner
Calculation
3M Co., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income attributable to 3M1 (in millions) |
÷ | No. shares of common stock outstanding2 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Dec 31, 2005 | 17.28 | = | 73.20 | ÷ | 4.24 | 4.24 | = | 3,199 | ÷ | 754,988,840 |
| Dec 31, 2006 | 14.51 | = | 76.12 | ÷ | 5.25 | 5.25 | = | 3,851 | ÷ | 733,885,504 |
| Dec 31, 2007 | 13.81 | = | 79.95 | ÷ | 5.79 | 5.79 | = | 4,096 | ÷ | 707,662,632 |
| Dec 31, 2008 | 9.51 | = | 47.42 | ÷ | 4.99 | 4.99 | = | 3,460 | ÷ | 693,791,556 |
| Dec 31, 2009 | 17.94 | = | 80.47 | ÷ | 4.49 | 4.49 | = | 3,193 | ÷ | 711,733,377 |
| Dec 31, 2010 | 16.09 | = | 92.33 | ÷ | 5.74 | 5.74 | = | 4,085 | ÷ | 711,805,978 |
| Dec 31, 2011 | 14.21 | = | 87.65 | ÷ | 6.17 | 6.17 | = | 4,283 | ÷ | 694,543,763 |
| Dec 31, 2012 | 15.96 | = | 102.78 | ÷ | 6.44 | 6.44 | = | 4,444 | ÷ | 689,990,255 |
| Dec 31, 2013 | 18.51 | = | 130.14 | ÷ | 7.03 | 7.03 | = | 4,659 | ÷ | 662,692,234 |
| Dec 31, 2014 | 21.25 | = | 165.91 | ÷ | 7.81 | 7.81 | = | 4,956 | ÷ | 634,749,706 |
| Dec 31, 2015 | 18.86 | = | 150.67 | ÷ | 7.99 | 7.99 | = | 4,833 | ÷ | 605,038,186 |
| Dec 31, 2016 | 21.04 | = | 178.18 | ÷ | 8.47 | 8.47 | = | 5,050 | ÷ | 596,200,000 |
| Dec 31, 2017 | 27.32 | = | 222.89 | ÷ | 8.16 | 8.16 | = | 4,858 | ÷ | 595,500,000 |
1 USD $
2 Data adjusted for splits and stock dividends.
3 Close price on the filing date of 3M Co.'s Annual Report.
Source: Based on data from 3M Co. Annual Reports
Comparison to Competitors
3M Co., P/E, long-term trends, comparison to competitors
| 3M Co. | Danaher Corp. | General Electric Co. | Honeywell International Inc. | |
|---|---|---|---|---|
| Dec 31, 2005 | 17.28 | 21.38 | 21.07 | 20.71 |
| Dec 31, 2006 | 14.51 | 19.65 | 17.11 | 18.37 |
| Dec 31, 2007 | 13.81 | 17.35 | 15.45 | 17.07 |
| Dec 31, 2008 | 9.51 | 12.56 | 6.62 | 8.71 |
| Dec 31, 2009 | 17.94 | 20.93 | 16.09 | 13.44 |
| Dec 31, 2010 | 16.09 | 18.29 | 19.49 | 22.48 |
| Dec 31, 2011 | 14.21 | 16.92 | 15.52 | 22.54 |
| Dec 31, 2012 | 15.96 | 17.73 | 17.57 | 18.78 |
| Dec 31, 2013 | 18.51 | 19.74 | 19.59 | 18.91 |
| Dec 31, 2014 | 21.25 | 23.69 | 17.17 | 19.27 |
| Dec 31, 2015 | 18.86 | 17.85 | – | 16.70 |
| Dec 31, 2016 | 21.04 | 23.02 | 32.22 | 19.29 |
| Dec 31, 2017 | 27.32 | 27.25 | – | 67.20 |
Source: Based on data from 3M Co. Annual Reports
Comparison to General Industrials Sector
3M Co., P/E, long-term trends, comparison to General Industrials sector
| 3M Co. | General Industrials | |
|---|---|---|
| Dec 31, 2005 | 17.28 | 20.51 |
| Dec 31, 2006 | 14.51 | 16.95 |
| Dec 31, 2007 | 13.81 | 15.44 |
| Dec 31, 2008 | 9.51 | 7.57 |
| Dec 31, 2009 | 17.94 | 16.42 |
| Dec 31, 2010 | 16.09 | 18.97 |
| Dec 31, 2011 | 14.21 | 16.07 |
| Dec 31, 2012 | 15.96 | 17.43 |
| Dec 31, 2013 | 18.51 | 19.29 |
| Dec 31, 2014 | 21.25 | 18.88 |
| Dec 31, 2015 | 18.86 | 74.12 |
| Dec 31, 2016 | 21.04 | 25.31 |
| Dec 31, 2017 | 27.32 | 157.26 |
Source: Based on data from 3M Co. Annual Reports
Comparison to Industrials Industry
3M Co., P/E, long-term trends, comparison to Industrials industry
| 3M Co. | Industrials | |
|---|---|---|
| Dec 31, 2005 | 17.28 | 20.12 |
| Dec 31, 2006 | 14.51 | 17.76 |
| Dec 31, 2007 | 13.81 | 16.79 |
| Dec 31, 2008 | 9.51 | 9.69 |
| Dec 31, 2009 | 17.94 | 17.39 |
| Dec 31, 2010 | 16.09 | 17.30 |
| Dec 31, 2011 | 14.21 | 15.11 |
| Dec 31, 2012 | 15.96 | 16.75 |
| Dec 31, 2013 | 18.51 | 18.63 |
| Dec 31, 2014 | 21.25 | 18.71 |
| Dec 31, 2015 | 18.86 | 23.82 |
| Dec 31, 2016 | 21.04 | 22.66 |
| Dec 31, 2017 | 27.32 | 30.57 |
Source: Based on data from 3M Co. Annual Reports