Mature companies like 3M can be valued with relatively high confidence using historical data because there is extensive history to draw from and the future is likely to resemble the past; young growth companies require more complex, narrative-driven approaches because there is little history and the future will likely diverge significantly from the past
causalpending
Speaker
Aswath DomodaranEvidence Quote
“It's a mature company... In valuing 3M, I had to make estimates. But those estimates were easy to make. Why? Because there was a lot of history I could use.”
Created: 8/11/2026, 1:45:13 AM
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