The Sherwin-Williams Company (SHW)

NYSE: SHW · USD

$320

-5.64 (-1.7%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-09-27

Our latest published analysis: SHW rated Sell

The Sherwin-Williams Company's published Sell conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$154 / share

Potential value

$176 / share

Upside to FV

-53.3%

from $320

Moat

9/10

Wide

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$79.9B
Revenue (ttm)	24.9B
Net income (ttm)	2.7B
EPS (ttm)	$10.9
Shares out	240.2M
P/E (trailing)	29.5x
P/E (forward)	23.8x
Dividend	$3.20 (1.00%)
Volume	2,364,284
Beta	1.08

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 24.9B
Net income (ttm): 2.7B
EPS (ttm): $10.9
P/E (trailing): 29.5x
P/E (forward): 23.8x
Market cap: $79.9B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$19.94B	$22.15B	$23.05B	$23.10B	$23.57B	+4.3%
Gross profit	$8.54B	$9.33B	$10.76B	$11.20B	$11.52B	+7.8%
Operating income	$3.08B	$3.40B	$4.16B	$3.87B	$3.81B	+5.4%
Net income	$1.86B	$2.02B	$2.39B	$2.68B	$2.57B	+8.3%
EPS (diluted)	$6.98	$7.72	$9.25	$10.55	$10.26	+10.1%
EBITDA	$3.16B	$3.55B	$3.69B	$4.49B	$4.40B	+8.6%
R&D	$115.9M	$119.3M	$196.6M	—	—	+30.2%
SG&A	$5.88B	$6.33B	$7.07B	$7.42B	$7.70B	+6.9%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AAL	American Airlines Group Inc.	8.3B	—	0.1x	3.0%	+20.0%	-6.9%	Aanhouden
ALB	Albemarle Corporation	11.4B	198.9x	1.9x	4.1%	+12.8%	+1.9%	Aanhouden
ANET	Arista Networks Inc.	235.7B	59.1x	22.4x	284.8%	+32.0%	+19.7%	Verkopen
APD	Air Products and Chemicals, Inc.	68.3B	—	5.4x	8.9%	+5.2%	+23.1%	Aanhouden
AVY	Avery Dennison Corporation	13.7B	19.8x	1.5x	15.1%	+3.3%	+1.6%	Aanhouden
BALL	Ball Corporation	16.7B	18.0x	1.2x	8.7%	+2.3%	+28.3%	Kopen

Base and Bull scenarios

Base55%

Price target

$153.67

-53.3% from spot

Under the base path, Sherwin-Williams maintains steady volume growth across its captive store network, capitalizing on commercial contractor loyalty to outpace broader residential construction completions. While operational execution remains solid, the target price of $153.67 at a 55.0% probability implies a -53.3% return from the share price at $329.10 (as of 2026-09-25), reflecting significant market multiple compression toward Fair value $153.67.

Moderate top-line revenue expansion anchored by steady commercial repaint activity and low-single-digit store volume gains.
Operating margin stabilizes near recent levels through ongoing operating cost leverage and selective price realization.
Reinvestment rate moderates gradually while disciplined capital allocation sustains store network additions.

Bull20%

Price target

$176.13

-46.5% from spot

In the bull path, a sharp recovery in North American housing turnover drives surging architectural repaint demand, while the Performance Coatings Group accelerates industrial account wins through rapid local blending batch delivery. Supported by expanding operating margins and accelerated capital returns, the target price reaches $176.13 with a 20.0% probability, yielding a -46.5% return compared to the share price at $329.10 (as of 2026-09-25).

Vigorous rebound in existing home turnover and residential completions driving accelerated repaint demand.
Rapid market share gains in industrial coatings powered by local blending speed advantages.
Operating margin expands toward new peaks on strong pricing power and raw material deflation.

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($153.67). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	2.3%	2.5%	2.8%	3.0%	3.3%
8.6%	$171	$175	$179	$183	$188
9.1%	$159	$162	$165	$169	$173
9.6%	$148	$151	$154	$157	$160
10.1%	$139	$141	$144	$146	$149
10.6%	$131	$133	$135	$137	$139

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E23.8

P25 n/aP50 n/aP75 n/a

Trailing P/E30.4

P25 n/aP50 n/aP75 n/a

ROE63.7

P25 n/aP50 n/aP75 n/a

ROIC17.1

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All SHW indicators

Market & fundamental data

Available fields

285

Groups with data

Currency

USD

Showing 285 of 285 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0000089800
Company name	The Sherwin-Williams Company
Country	United States
Country code	US
CUSIP number	824348106
Earnings date	2026-10-27
Earnings time	bmo
Employees	64,249
Employees change	359
Employees growth	0.56%
Enterprise value	$90.7B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-09-30
First seen	2026-05-09
Fiscal year end	December
Founded	1866
In index	SP500, DOW30
Industry	Specialty Chemicals
Is primary listing	Yes
Is SPAC	No
ISIN number	US8243481061
Last 10-K release date	2026-02-19
Last earnings date	2026-10-27
Last refreshed	2026-10-28
Last stock split date	2021-04-01
Last stock split type	Forward
Market cap	$76.9B
Market cap category	Large-Cap
Next earnings date	2027-01-28
Options	Yes
Price	$320.38
Price currency	USD
Sector	Materials
SIC code	5200
Stock price date	2026-10-28
Symbol	SHW
U.S. state	Ohio
Website	https://www.sherwin-williams.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	26.9x
Average P/E ratio (10Y)	30.76x
Average P/E ratio (3Y)	32.6x
Average P/E ratio (5Y)	32.51x
Earnings yield	3.39%
EV/Earnings	33.88x
EV/EBIT	22.43x
EV/EBITDA	18.94x
EV/FCF	28.22x
EV/Sales	3.64x
FCF / EV yield	3.54%
FCF yield	4.18%
Forward EV/Sales	3.48x
Forward P/E	24.66x
Forward P/S	2.96x
Graham number	63.52107
Graham upside	-80.17%
Industry forward P/E	19.6x
Industry P/E	43.87x
Lynch fair value	$68.88
Lynch upside	-78.5%
P/(FCF - SBC) ratio	24.88x
P/(OCF - SBC) ratio	20.43x
P/B ratio	19.73x
P/E ratio	29.52x
P/FCF ratio	23.95x
P/OCF ratio	19.8x
P/S ratio	3.09x
PEG ratio	2.27x
Price/EBITDA ratio	16.07x
Sector forward P/E	15.04x
Sector P/E	22.59x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	16.22%
EBITDA margin	19.22%
Effective tax rate	23.43%
FCF margin	13.16%
Gross margin	48.6%
Operating margin	16.22%
Pretax margin	14.03%
Profit margin	10.74%
Profit per employee	$41,652
Profitable quarters	98
Profitable years	35
Revenue per employee	$387,743
ROA	9.5%
ROA (5Y)	9.29%
ROCE	23.62%
ROE	63.7%
ROE (5Y)	66.62%
ROIC	17.06%
ROIC (5Y)	16.95%
SBC / revenue	0.49%
Tax / revenue	3.29%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	6.11%
EPS growth (Q)	0.9%
EPS growth (QoQ)	-1.46%
EPS growth 10Y	10.53%
EPS growth 3Y	5.17%
EPS growth 5Y	8.26%
EPS growth quarters	5
EPS growth years	0
FCF growth	49.13%
FCF growth 3Y	22.45%
FCF growth 5Y	-0.06%
Gross profit growth	6.44%
Gross profit growth (Q)	4.85%
Gross profit growth 3Y	5.05%
Gross profit growth 5Y	6.61%
Net income growth	4.06%
Net income growth (Q)	-1.45%
Net income growth (QoQ)	-2.68%
Net income growth 3Y	3.43%
Net income growth 5Y	6.35%
Net income growth years	0
OCF growth	26.99%
OCF growth 10Y	9.22%
OCF growth 3Y	14.71%
OCF growth 5Y	1.91%
Operating income growth	9.56%
Operating income growth (Q)	4.17%
Operating income growth 3Y	4.33%
Operating income growth 5Y	7.25%
Revenue growth	7.03%
Revenue growth (Q)	7.89%
Revenue growth (QoQ)	1.04%
Revenue growth 10Y	7.87%
Revenue growth 3Y	2.65%
Revenue growth 5Y	4.84%
Revenue growth quarters	6
Revenue growth years	16

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-673.5M
Depreciation and amortization	$745.6M
EBIT	$4B
EBITDA	$4.8B
EPS	$10.85
FCF per share	$13.38
Financing cash flow	$-2B
Free cash flow	$3.2B
Free cash flow minus SBC	$3.1B
Gross profit	$12.1B
Income taxes	$818.7M
Investing cash flow	$-1.9B
Net borrowing	$1.4B
Net cash flow	$23.7M
Net income	$2.7B
Operating cash flow minus SBC	$3.8B
Operating income	$4B
Revenue	$24.9B
Stock-based compensation	$120.2M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Book value per share	$16.52
Debt / EBITDA	2.5
Debt / equity	3.52
Debt / FCF	4.35
Goodwill	$8B
Interest coverage	7.51
Long-term assets	$19.9B
Long-term liabilities	$13.1B
Net cash (debt)	$-13.7B
Net cash / market cap	-17.83%
Net debt / EBITDA	2.87
Net debt / equity	3.45
Net debt / FCF	4.27
Piotroski F-Score	6
Property, plant and equipment	$6.3B
Shareholders' equity	$4B
Tangible book value	$-7.7B
Tangible book value per share	$-32.17
Total assets	$27B
Total cash	$264.2M
Total debt	$14B
Total liabilities	$23B
WACC	9.09%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.94
Current assets	$7B
Current liabilities	$9.8B
Current ratio	0.71
Inventory turnover	5.31
Net working capital	$1.3B
Quick ratio	0.39
Working capital	$-2.8B
Working capital turnover	-12.01

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	1.92%
Dividend growth	1.27%
Dividend growth (10Y)	11.07%
Dividend growth (3Y)	9.76%
Dividend growth (5Y)	7.78%
Dividend growth years	49
Dividend payment date	2026-12-04
Dividend payment years	49
Dividend payout frequency	Quarterly
Dividend per share	$3.20
Dividend yield	1%
Ex-dividend date	2026-11-13
FCF payout ratio	24.03%
Last dividend	$0.80
Payout ratio	29.48%
Shareholder yield	2.92%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	288.18%
10Y return CAGR	15.58%
10Y total return	325.31%
150-day SMA	$328.34
15Y price change	1,057.15%
15Y return CAGR	18.9%
15Y total return	1,242.46%
1D price change	-1.73%
1M price change	-2.65%
1M total return	-2.65%
1W price change	-5.01%
1W total return	-5.01%
1Y price change	-4.67%
1Y return CAGR	-3.77%
1Y total return	-3.77%
20-day SMA	$327.27
200-day SMA	$332.97
20Y price change	1,558.28%
20Y return CAGR	16.56%
20Y total return	2,043.58%
3M price change	-2.11%
3M total return	-1.88%
3Y price change	35.74%
3Y return CAGR	11.71%
3Y total return	39.4%
50-day SMA	$330.10
50-day SMA vs 200-day SMA	50under200
52-week high	$377.77
52-week high date	2026-02-13
52-week low	$289.86
52-week low date	2026-06-02
5Y price change	0.95%
5Y return CAGR	1.1%
5Y total return	5.63%
6M price change	-4.68%
6M total return	-4.21%
All-time high	$400.42
All-time high date	2024-11-27
All-time low	$0.20
All-time low date	1978-10-31
Average true range (ATR)	$8.92
Average volume	1.6M
Beta (1Y)	0.69
Beta (2Y)	0.68
Beta (5Y)	1.08
Change from 52-week high	-15.19%
Change from 52-week low	10.53%
Change from all-time high	-19.99%
Change from all-time low	156,641.68%
Change from open	-1.03%
Day's gap	-0.7%
Dollar volume	$757.5M
High price	$324.35
Low price	$319.04
Monthly RSI	47.43
Open price	$323.73
Position in 52-week range	25.24%
Premarket change	0.52%
Premarket close	$326.01
Premarket price	$327.69
Premarket volume	228
Previous close	$326.01
Price vs 150-day SMA	-2.42%
Price vs 20-day SMA	-2.11%
Price vs 200-day SMA	-3.78%
Price vs 50-day SMA	-2.94%
Relative volume	1.52
RSI	42.36
Sharpe ratio	-0.14
Sharpe ratio (3Y)	0.4
Sharpe ratio (5Y)	0.07
Sortino ratio	0
Sortino ratio (3Y)	0.86
Sortino ratio (5Y)	0.31
Volume	2.4M
Weekly RSI	45.9
YTD price change	-1.13%
YTD total return	-0.42%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	224.7M
Float percentage	93.56%
Shares change (QoQ)	-1.3%
Shares change (YoY)	-1.92%
Shares held by insiders	0.32%
Shares held by institutions	85.21%
Shares outstanding	240.2M
Short % of float	3.08%
Short % of shares	2.88%
Short ratio	4 days

Deeper analysis on SHW

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this SHW report

What is the latest published SHW stock rating?

The Sherwin-Williams Company is shown with Sell in the latest published report, analyzed 2026-09-27. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full SHW analysis?

The full latest published report, analyzed 2026-09-27, lives at /stocks/SHW/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for SHW?

The latest published report analyzed 2026-09-27 gives SHW a fair value of USD 154 and a potential value of USD 176. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the SHW page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-09-27). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

SellSHW · Fair value $154-53.3%

Read full analysis →

The Sherwin-Williams Company (SHW)

Our latest published analysis: SHW rated Sell

Price

Financial snapshot

Fair-value bridge

Latest news · SHW

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All SHW indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on SHW

Frequently asked questions

Ratinggeschiedenis

Category	Score	Reading
Valuation	1.5
Management	9.5
Balance Sheet	1.5
Profitability	7.5
Revenue Growth	6.0
Risk Assessment	2.5
Competitive Moat	9.0
Earnings Quality	8.0
Capital Efficiency	7.5