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3M India P/E

What is the P/E of 3M India?

The P/E of 3M India Limited is 181.13

What is the definition of P/E?



Price to earnings ratio is the ratio of a company’s stock price to the company’s earnings per share calculated over trailing twelve months.

= previous day’s close / ttm EPS

The price to earnings ratio is the most widely used method for determining whether shares are accurately valued in relation to one another. But the P/E ratio does not in itself indicate whether the share is a bargain. The P/E ratio depends on the market’s perception of the risk and future growth in earnings. A company with a low P/E ratio indicates that the market perceives it as a higher risk or a lower growth or both as compared to a company with a higher price to earnings ratio. The P/E ratio of a listed company’s stock is the result of the collective perception of the market as to how risky the company is and what its earnings growth prospects are in relation to that of other companies. Investors use the P/E ratio to compare their own perception of the risk and growth of a company against the market’s collective perception of the risk and growth as reflected in the current P/E ratio.

P/E of companies in the Industrials sector on BSE compared to 3M India

What does 3M India do?

3M India Limited engages in the manufacture and trade of various products for industrial, health care, consumer, safety and graphics, and electronics and energy markets in India. The company operates in four segments: Safety and Industrial, Transportation and Electronics, Health Care, and Consumer. The Safety and Industrial segment offers vinyl, polyester, foil and specialty industrial tapes, adhesives, and other specialty materials; functional and decorative graphics; masking tapes; and abrasion-resistant films. This segment serves original equipment manufacturer and automotive aftermarket, electronics, appliance, and roofing granules. Its Health Care segment provides medical and surgical supplies, medical devices, drug delivery systems, dental and orthodontic products, and food safety products, as well as skin and wound care, and infection prevention products and solutions. The company Transportation and Electronics segment offers personal protection products; asset protection solutions; border control products; passive fire protection for industries and commercial; track and trace products; cleaning and hygiene products for the hospitality industry; traffic safety systems; commercial graphics; architectural markets; and mobile interactive solutions. Its Consumer segment provides office supply, stationery, home care, and protective material products for consumer retail, modern trade, and other retail channels. The company also exports its products. It serves automotive, commercial solutions, consumer, design and construction, electronics, energy, health care, manufacturing, mining, oil and gas, safety, and transportation industries. 3M India Limited was incorporated in 1987 and is based in Bengaluru, India. 3M India Limited is a subsidiary of 3M Company, USA.

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