Research / Stock / MMM
M
MMM
3M CO
179.37
+0.36 +0.20%
close 2026-08-25
Assumptions
18.8%
Market is pricing 18.8%— you agree
Actually grew -26.7%/yrFCF, 2020–2025 — the market is pricing 45.5pts FASTER than history
10 yrs
3.00%
8.19%
8.2% derived for this company beta 0.85 (1254d vs the S&P 500) · cost of equity 8.5% = 4.7% risk-free + 0.85 × 4.5% premium · 12% debt at 7.5%, taxed at 24%
Fair value
$180.01
+0.4%
At the market's assumptionsCurrent price $179.37Enterprise value 94.8B
Bear $122.58 (13.8% growth)Bull $262.34 (23.8%)
Today's market price is inside the range · band = your growth ±5pts, same model · the market itself prices 18.8%
Y1
Y2
Y3
Y4
Y5
Y6
Y7
Y8
Y9
Y10
Present value of each projected year, Y1–Y10
26% the 10 forecast years74% terminal value
Same industry · SIC 3841 · trailing P/E for context
SYKP/E 39126.5Bthis P/E: 30