Price to Sales (P/S)
since 2005
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3M Co. pages available for free this week:
- Statement of Comprehensive Income
- Analysis of Liquidity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Geographic Areas
- Enterprise Value (EV)
- Enterprise Value to EBITDA (EV/EBITDA)
- Enterprise Value to FCFF (EV/FCFF)
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2005
- Price to Book Value (P/BV) since 2005
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Calculation
3M Co., P/S, long-term trends, calculation
| P/S | = | Share price1, 2, 3 | ÷ | Sales per share1 | Sales per share1 | = | Net sales1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 9, 2022 | = | ÷ | = | ÷ | |||||||
| Feb 4, 2021 | = | ÷ | = | ÷ | |||||||
| Feb 6, 2020 | = | ÷ | = | ÷ | |||||||
| Feb 7, 2019 | = | ÷ | = | ÷ | |||||||
| Feb 8, 2018 | = | ÷ | = | ÷ | |||||||
| Feb 9, 2017 | = | ÷ | = | ÷ | |||||||
| Feb 11, 2016 | = | ÷ | = | ÷ | |||||||
| Feb 12, 2015 | = | ÷ | = | ÷ | |||||||
| Feb 13, 2014 | = | ÷ | = | ÷ | |||||||
| Feb 14, 2013 | = | ÷ | = | ÷ | |||||||
| Feb 16, 2012 | = | ÷ | = | ÷ | |||||||
| Feb 16, 2011 | = | ÷ | = | ÷ | |||||||
| Feb 16, 2010 | = | ÷ | = | ÷ | |||||||
| Feb 17, 2009 | = | ÷ | = | ÷ | |||||||
| Feb 15, 2008 | = | ÷ | = | ÷ | |||||||
| Feb 26, 2007 | = | ÷ | = | ÷ | |||||||
| Feb 21, 2006 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of 3M Co. Annual Report.
- Share Price Trend
- The share price exhibited noticeable volatility over the examined period. Initially, it rose steadily from $73.20 in early 2006 to $79.95 by 2008, followed by a significant decline to $47.42 in 2009. Post-2009, the share price generally trended upward, peaking at $222.89 in 2018. After this peak, the share price experienced a gradual decline to $163.64 by early 2022, suggesting a period of correction or market adjustments.
- Sales Per Share Performance
- Sales per share showed a consistent upward trajectory across the years. Starting at $28.04 in 2006, sales per share increased gradually with minor fluctuations, reaching $61.91 in 2022. This steady growth indicates an overall improvement in the company’s revenue generation capability on a per-share basis, even during years when the share price was volatile.
- Price-to-Sales (P/S) Ratio Analysis
- The P/S ratio demonstrated variability, reflecting changing market valuations relative to sales performance. The ratio began at 2.61 in 2006, decreased notably to a low of 1.30 in 2009, coinciding with the low share price during that period. Subsequently, the ratio climbed to a peak of 4.19 in 2018, in line with the share price peak. Towards 2022, the ratio declined to 2.64, aligning with the share price decrease and indicating a possible market revaluation of the company's sales.
- Summary of Observations
- There is a clear relationship between share price fluctuations and the P/S ratio, both of which reflect market sentiment and valuation changes. In contrast, sales per share displayed a stable upward trend, highlighting consistent operational performance. The disparity between stable sales growth and fluctuating market valuations suggests that external factors and market conditions heavily influenced the company's market capitalization during the period examined.
Comparison to Competitors
3M Co., P/S, long-term trends, comparison to competitors
| 3M Co. | Boeing Co. | Caterpillar Inc. | Eaton Corp. plc | GE Aerospace | Honeywell International Inc. | Lockheed Martin Corp. | RTX Corp. | |
|---|---|---|---|---|---|---|---|---|
| Feb 9, 2022 | ||||||||
| Feb 4, 2021 | ||||||||
| Feb 6, 2020 | ||||||||
| Feb 7, 2019 | ||||||||
| Feb 8, 2018 | ||||||||
| Feb 9, 2017 | ||||||||
| Feb 11, 2016 | ||||||||
| Feb 12, 2015 | ||||||||
| Feb 13, 2014 | ||||||||
| Feb 14, 2013 | ||||||||
| Feb 16, 2012 | ||||||||
| Feb 16, 2011 | ||||||||
| Feb 16, 2010 | ||||||||
| Feb 17, 2009 | ||||||||
| Feb 15, 2008 | ||||||||
| Feb 26, 2007 | ||||||||
| Feb 21, 2006 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Capital Goods)
3M Co., P/S, long-term trends, comparison to sector (capital goods)
| 3M Co. | Capital Goods | |
|---|---|---|
| Feb 9, 2022 | ||
| Feb 4, 2021 | ||
| Feb 6, 2020 | ||
| Feb 7, 2019 | ||
| Feb 8, 2018 | ||
| Feb 9, 2017 | ||
| Feb 11, 2016 | ||
| Feb 12, 2015 | ||
| Feb 13, 2014 | ||
| Feb 14, 2013 | ||
| Feb 16, 2012 | ||
| Feb 16, 2011 | ||
| Feb 16, 2010 | ||
| Feb 17, 2009 | ||
| Feb 15, 2008 | ||
| Feb 26, 2007 | ||
| Feb 21, 2006 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Industrials)
3M Co., P/S, long-term trends, comparison to industry (industrials)
| 3M Co. | Industrials | |
|---|---|---|
| Feb 9, 2022 | ||
| Feb 4, 2021 | ||
| Feb 6, 2020 | ||
| Feb 7, 2019 | ||
| Feb 8, 2018 | ||
| Feb 9, 2017 | ||
| Feb 11, 2016 | ||
| Feb 12, 2015 | ||
| Feb 13, 2014 | ||
| Feb 14, 2013 | ||
| Feb 16, 2012 | ||
| Feb 16, 2011 | ||
| Feb 16, 2010 | ||
| Feb 17, 2009 | ||
| Feb 15, 2008 | ||
| Feb 26, 2007 | ||
| Feb 21, 2006 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).