3M Company (MMM)

FairStock Score: 55/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

At the close on 2026-10-26, 3M traded at $172.79, and FairStock's calculations show a P/E of 30.75 and a P/B of 30.21. For a Graham-style buyer, that is not a bargain: the Graham Number is only $31.81, leaving a margin of safety of -445.30%. The market is paying for a recovery, not a conservative asset value. The recovery is real: in fiscal Q3 2026, the quarter ended 2026-09-30, 3M reported revenue of $6.6B, net income of $1.4B, diluted EPS of $2.63, and a 20.85% net margin. In fiscal Q3 2025, revenue was $6.5B and net income $834.0M, so profitability has improved sharply. But filings show the path has been uneven: fiscal year 2023 net income was -$7.0B, fiscal year 2024 was $4.2B, and fiscal year 2025 was $3.3B. FairStock categorizes it as a TURNAROUND because it returned to profit after a loss within the last three years. Financial health is mixed. TTM FCF is $2.7B and FCF yield 3.0%; Altman Z 3.41 and Piotroski 6/9 are decent. But D/E is 4.38, and ROE 81.89% should not be read as pure quality when leverage is so high; ROCE is only 8.74%. Fiscal Q3 2026 revenue of $6.6B compares with $6.5B in fiscal Q3 2025, so the story depends on margin recovery. 3M has a diversified industrial franchise and scale, but at this price I see more optimism than margin of safety.

In plain English: 3M makes safety, industrial, transportation and electronics, and consumer products. The business is profitable again and the latest quarter showed a solid profit, but sales are barely growing and the stock looks expensive compared with its earnings and asset value. It also carries a lot of debt relative to its equity.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-26 close · note generated 2026-10-28 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q3 2026 10-Q (period ended 2026-09-30) · fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer