3M (MMM)
NYSEIndustrialsConglomeratesSnapshot 2026-10-29
$177.36+2.64%
Close 2026-10-29 · 1-day change
NYSEIndustrialsConglomeratesSnapshot 2026-10-29
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 19%.
View QualityManagement screens strong on capital allocation, earnings delivery, margins, the balance sheet.
View ManagementExpectations look high — the market is pricing in about 31% growth a year, above the roughly 5% analysts expect, leaving little room for error.
View ValuationModerate volatility — typically moves about 1% a day.
View RiskMMM’s data-center fiber-optic business needs to grow to support its premium valuation. Revenue growth has slowed to 1.0% year over year in Q3, despite an earnings beat. The Amazon agreement adds potential data-center demand, though purchases are not committed. MMM trades at 20× P/E versus a 23× peer median. The market is pricing in more growth than our forecast. The specific risk is missing the 2026 EPS objective of $8.50 to $8.70; reported diluted EPS was $2.63. Peer multiples imply a price about 30% below where it trades; the thesis is on watch, and this read is provisional.
Trailing returns as of 2026-10-29. 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 Oct 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 2026-10-29. 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.
Advances: Achieve 2026 adjusted EPS guidance of $8.80 to $8.95
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 2026-10-29. EPS is implied from price ÷ P/E. Not investment advice.
Current $177.36
The last 12 months of price, then the range of analyst 12-month targets from today’s $177.36.
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.
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.
Legal issues could impact financial performance and cash flow.