MMM · NYSE · STOCK
3M (MMM) Stock Analysis
$159.98
52W $139.34 – $184.90
49/100
$82.49B
28.3
1.06
Is MMM Bullish or Bearish?
Mixed.
Innellis AI committee rates 3M Company (MMM) Watch with a composite score of 49/100
, based on 6 analysts with 50% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +10.65 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -9.35 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Macro Analyst sees a compelling case. Risk Analyst remains cautious — high leverage (debt-to-equity 2.68) amplifies downside in a stress scenario. This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- ROE of 77.1% shows genuine earnings power backing the valuation — Value
- Dividend yield of 6.3% pays you to wait — Value
- 5 consecutive earnings beats -- consistent execution — Growth
- News sentiment is positive (+0.20 across 25 articles, 14d) — News
Bear Case
- P/E of 27.8 is moderate-to-rich — Value
- Price-to-book of 18.1x prices in significant intangible value — Value
- Debt-to-equity of 2.68 adds balance-sheet risk to the value case — Value
- EPS declining -21.7% YoY despite any revenue growth — Growth
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
- MACD histogram negative -- bearish momentum — Technical
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of October 10, 2026
Overall Committee Score
49/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 94%
of 227 Industrials peers
Value Analyst
neutral
45
/ 100 · High confidence
Fair value -- neither a bargain nor obviously overpriced
+ ROE of 77.1% shows genuine earnings power backing the valuation
− P/E of 27.8 is moderate-to-rich
Growth Analyst
neutral
44
/ 100 · High confidence
Moderate growth -- present but not remarkable
+ 5 consecutive earnings beats -- consistent execution
− EPS declining -21.7% YoY despite any revenue growth
Technical Analyst
neutral
48
/ 100 · High confidence
Mixed or range-bound price action
− MACD histogram negative -- bearish momentum
Risk Analyst
bearish
30
/ 100 · Low confidence
Elevated risk from leverage, volatility, event exposure, or portfolio concentration -- size accordingly
− High leverage (debt-to-equity 2.68) amplifies downside in a stress scenario
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
bullish
64
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.20 across 25 articles, 14d)
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score moved marginally from 49.4 to 49.4.
- Bullish support removed: 1 signal(s) disappeared.
- New bullish signals: 1 appeared.
Analyst-level changes:
- News Analyst: +1 bullish signal(s).
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
32.0
Neutral
MACD Histogram
-0.266
Bearish Momentum
Trend Direction
Sideways
Weekly: Uptrend
Market Structure
Mixed
Support
$150.59
Resistance
$162.03
Bollinger %B
0.08
Inside Bands
Price vs Moving Averages
EMA 9
$163.29
Below
EMA 21
$165.43
Below
EMA 50
$167.44
Below
EMA 200
$162.14
Below
Fundamental Analysis
Valuation
49
Growth
71
Profitability
74
Financial Health
18
Cash Flow
70
Valuation
P/E Ratio
28.3×
P/B Ratio
28.42×
PEG Ratio
-1.30
Dividend Yield
1.92%
52W High
$184.90
52W Low
$139.34
Quality & Growth
ROE
6911.9%
ROA
861.3%
Gross Margin
3940.4%
Operating Margin
1901.1%
Revenue Growth YoY
—
Debt / Equity
4.25
AI Fundamental Assessment
P/E ratio of 28.3 (moderate relative to a 15-40x range); Price-to-book of 28.4x; PEG ratio of -1.3 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 69.1%; Return on assets of 8.6%; Net margin of 11.9%; Gross margin of 39.4%; Current ratio of 1.24 (tight short-term liquidity); Debt-to-equity of 4.25; Free cash flow per share is positive (7.60); Most recent quarter beat estimates by 5.8%; 5 consecutive earnings beats; EPS growth decelerating (+16.9% -> +12.1% QoQ); Average YoY EPS growth of 11.1%; Analyst estimates rising over recent quarters
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