Question 1

What is Sherwin-Williams's EV/EBITDA ratio?

Accepted Answer

Sherwin-Williams (SHW) EV/EBITDA ratio is 20.0× as of June 5, 2026. The ratio is calculated by dividing enterprise value by trailing twelve-month EBITDA, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the EV/EBITDA ratio calculated?

Accepted Answer

EV/EBITDA = Enterprise Value ÷ Trailing Twelve-Month (TTM) EBITDA, where Enterprise Value = Market Capitalisation + Total Debt − Cash & Short-Term Investments. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the EV/EBITDA ratio?

Accepted Answer

The EV/EBITDA ratio (the enterprise multiple) compares enterprise value (EV) to trailing twelve-month (TTM) EBITDA. EV is calculated as market capitalisation + total debt − cash & short-term investments. Because EV/EBITDA is capital-structure-neutral and ignores non-cash depreciation and amortisation, it is the standard multiple used in M&A and for cross-company or cross-border comparisons. Note: this calculation uses a simplified EV (minority interest and preferred equity excluded due to data availability), consistent with most public financial-data providers.

Question 4

What is a good EV/EBITDA ratio for Sherwin-Williams?

Accepted Answer

Mature, cash-generative businesses commonly trade in the 8–12× EV/EBITDA range; higher-growth, asset-light companies often trade at 15–25×+. EV/EBITDA is most useful for comparing companies with different capital structures (debt levels) or tax regimes. For Sherwin-Williams specifically, the relevant sector benchmark is the current sector median of 12.2×.

Question 5

Is Sherwin-Williams's EV/EBITDA ratio high or low?

Accepted Answer

Sherwin-Williams's EV/EBITDA ratio of 20.0× is below its own 5-year average of 22.3× and above the sector median of 12.2×. That places the current reading at the 9th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Sherwin-Williams's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, Sherwin-Williams (SHW) EV/EBITDA ratio has ranged from a low of 5.9× in 2008 to a high of 31.1× in 2021. The 5-year average is 22.3× and the 5-year median is 22.0×.

Question 7

What was Sherwin-Williams's EV/EBITDA ratio in 2025?

Accepted Answer

Sherwin-Williams (SHW) EV/EBITDA ratio at the end of 2025 was 21.4×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month EBITDA figure available at that date.

Question 8

Why does Sherwin-Williams's EV/EBITDA ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (enterprise value, which tracks share price plus net debt) and the denominator (EBITDA). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$79.84B	$4.39B	21.4×	-0.3×	Dec 31, 2025
2024	$85.89B	$4.49B	21.7×	-0.1×	Dec 31, 2024
2023	$79.22B	$4.15B	21.9×	+1.2×	Dec 31, 2023
2022	$61.11B	$3.54B	20.7×	-11.9×	Dec 31, 2022
2021	$91.53B	$3.16B	32.6×	+10.6×	Dec 31, 2021
2020	$65.86B	$3.44B	22.0×	+0.1×	Dec 31, 2020
2019	$53.49B	$2.90B	21.9×	+2.3×	Dec 31, 2019
2018	$36.44B	$2.32B	19.6×	-1.6×	Dec 31, 2018
2017	$38.24B	$2.28B	21.3×	+8.0×	Dec 31, 2017
2016	$24.75B	$1.95B	13.3×	-0.8×	Dec 31, 2016
2015	$23.78B	$1.81B	14.1×	-3.4×	Dec 31, 2015
2014	$24.86B	$1.52B	17.5×	+3.1×	Dec 31, 2014
2013	$18.26B	$1.34B	14.4×	-0.2×	Dec 31, 2013
2012	$15.66B	$1.13B	14.6×	+4.2×	Dec 31, 2012
2011	$9.11B	$964.95M	10.4×	-0.2×	Dec 31, 2011
2010	$8.88B	$923.69M	10.7×	+1.7×	Dec 31, 2010
2009	$6.75B	$833.75M	9.0×	+0.8×	Dec 31, 2009
2008	$6.92B	$945.67M	8.2×	+1.3×	Dec 31, 2008
2007	$7.10B	$1.16B	6.9×	-1.5×	Dec 31, 2007
2006	$8.39B	$1.05B	8.4×	+1.0×	Dec 31, 2006
2005	$6.07B	$906.38M	7.3×	-1.7×	Dec 31, 2005
2004	$6.24B	$769.76M	9.0×	+1.4×	Dec 31, 2004
2003	$5.02B	$690.20M	7.6×	+0.8×	Dec 31, 2003
2002	$4.19B	$669.71M	6.8×	-0.6×	Dec 31, 2002
2001	$4.22B	$637.87M	7.4×	—	Dec 31, 2001


Linde (LIN)	20.4×
Weyerhaeuser (WY)	20.3×
Martin Marietta Materials (MLM)	19.3×
Air Products and Chemicals (APD)	18.8×
Corteva (CTVA)	16.8×
Southern Copper (SCCO)	16.1×
Solstice Advanced Materials (SOLS)	15.8×
Vulcan Materials (VMC)	15.6×
RPM International (RPM)	15.5×
Steel Dynamics (STLD)	12.2×
DuPont de Nemours (DD)	12.2×
International Flavors & Fragrances (IFF)	11.9×
H.B. Fuller (FUL)	11.2×
Eastman Chemical (EMN)	11.2×
PPG Industries (PPG)	10.8×
Agnico Eagle Mines (AEM)	10.1×
Ashland (ASH)	10.0×
Freeport-McMoRan (FCX)	9.5×
Avient (AVNT)	9.1×
Nucor (NUE)	9.0×
Stepan (SCL)	8.4×
CRH (CRH)	8.0×
Newmont (NEM)	6.8×
CF Industries Holdings (CF)	6.2×
Mosaic (MOS)	4.7×

EV/EBITDA for Sherwin-Williams (SHW)

EV/EBITDA daily chart for Sherwin-Williams (SHW)

Historical EV/EBITDA for Sherwin-Williams (SHW) from 2001 to 2025

About EV/EBITDA at Sherwin-Williams (SHW)

Sherwin-Williams EV/EBITDA by Year

Sherwin-Williams EV/EBITDA 2025: 21.4×

Sherwin-Williams EV/EBITDA 2024: 21.7×

Sherwin-Williams EV/EBITDA 2023: 21.9×

Sherwin-Williams EV/EBITDA 2022: 20.7×

Sherwin-Williams EV/EBITDA 2021: 32.6×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

Sherwin-Williams (SHW) Key Financials

EV/EBITDA daily chart for Sherwin-Williams (SHW)

Historical EV/EBITDA for Sherwin-Williams (SHW) from 2001 to 2025

About EV/EBITDA at Sherwin-Williams (SHW)

Sherwin-Williams EV/EBITDA by Year

Sherwin-Williams EV/EBITDA 2025: 21.4×

Sherwin-Williams EV/EBITDA 2024: 21.7×

Sherwin-Williams EV/EBITDA 2023: 21.9×

Sherwin-Williams EV/EBITDA 2022: 20.7×

Sherwin-Williams EV/EBITDA 2021: 32.6×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

+What is Sherwin-Williams's EV/EBITDA ratio?

+How is the EV/EBITDA ratio calculated?

+What is the EV/EBITDA ratio?

+What is a good EV/EBITDA ratio for Sherwin-Williams?

+Is Sherwin-Williams's EV/EBITDA ratio high or low?

+What is Sherwin-Williams's historical EV/EBITDA ratio range?

+What was Sherwin-Williams's EV/EBITDA ratio in 2025?

+Why does Sherwin-Williams's EV/EBITDA ratio change over time?

Sherwin-Williams (SHW) Key Financials