3M is a technology company. Co.'s reportable segments are: Safety and Industrial, which includes businesses in abrasives, automotive aftermarket, closure and masking systems, electrical markets, industrial adhesives and tapes, and personal safety; Transportation and Electronics, which includes advanced materials, automotive and aerospace, commercial solutions, display materials and systems, and electronic materials solutions; Health Care, which includes businesses in food safety, health information systems, medical solutions, oral care, and separation and purification sciences; and Consumer, which includes businesses in consumer health care, home care, and home improvement. More details about 3M at:
http://www.3M.com.
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Should 3M shares be counted among the
Top 15 Cheap Healthcare Shares? To start, we see that the recent trading price for MMM stock is $92.02 (as of 4/24/2024). The most recent quarter's (MRQ) earnings result, annualized, was $9.68/share. Looking at the sum total of quarterly earnings across the trailing twelve month (TTM) period, 3M produced $9.24/share. And taking the median quarterly result across the TTM period, and annualizing it, results in $9.16/share. Comparing these various earnings metrics against the stock price, we end up with a PE ratio of 10.0 for the TTM Median method, 9.5 for price to earnings using MRQ annualized, and 10.0 for current price/TTM earnings. Based on MMM's history, that recent TTM PE is low relative to the historical average, with the recent PE 35.9% lower than the average (TTM method) of 15.6.
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