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. We show 54 historical shares outstanding datapoints in our MMM shares outstanding history coverage, used to compute MMM market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing MMM market cap history over the course of time is important for investors
interested in comparing MMM's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of MMM versus a peer is one thing; comparing
MMM market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like MMM can fluctuate over the course of history.
With this page we aim to empower investors researching MMM by allowing them to research the MMM market cap history. |
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Video: The Importance of Market Cap
