Question 1

What is Sherwin-Williams's P/E ratio?

Accepted Answer

Sherwin-Williams (SHW) P/E ratio is 30.5× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. 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 P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Sherwin-Williams?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Sherwin-Williams specifically, the relevant sector benchmark is the current sector median of 21.4×.

Question 5

Is Sherwin-Williams's P/E ratio high or low?

Accepted Answer

Sherwin-Williams's P/E ratio of 30.5× is below its own 5-year average of 32.8× and above the sector median of 21.4×. That places the current reading at the 18th 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 P/E ratio range?

Accepted Answer

In the available daily series, Sherwin-Williams (SHW) P/E ratio has ranged from a low of 9.7× in 2008 to a high of 56.4× in 2002. The 5-year average is 32.8× and the 5-year median is 32.7×.

Question 7

What was Sherwin-Williams's P/E ratio in 2025?

Accepted Answer

Sherwin-Williams (SHW) P/E ratio at the end of 2025 was 31.1×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Sherwin-Williams's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). 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	$79.8B	$2.57B	31.1×	-0.9×	Dec 31, 2025
2024	$85.9B	$2.68B	32.0×	-1.1×	Dec 31, 2024
2023	$79.2B	$2.39B	33.2×	+2.9×	Dec 31, 2023
2022	$61.1B	$2.02B	30.3×	-18.8×	Dec 31, 2022
2021	$91.5B	$1.86B	49.1×	+16.7×	Dec 31, 2021
2020	$65.9B	$2.03B	32.4×	-2.3×	Dec 31, 2020
2019	$53.5B	$1.54B	34.7×	+1.8×	Dec 31, 2019
2018	$36.4B	$1.11B	32.9×	+11.3×	Dec 31, 2018
2017	$38.2B	$1.77B	21.6×	-0.3×	Dec 31, 2017
2016	$24.8B	$1.13B	21.9×	-0.8×	Dec 31, 2016
2015	$23.8B	$1.05B	22.7×	-6.2×	Dec 31, 2015
2014	$24.9B	$861M	28.9×	+4.5×	Dec 31, 2014
2013	$18.3B	$748M	24.4×	+1.2×	Dec 31, 2013
2012	$15.7B	$676M	23.2×	+2.6×	Dec 31, 2012
2011	$9.11B	$442M	20.6×	+1.4×	Dec 31, 2011
2010	$8.88B	$462M	19.2×	+3.7×	Dec 31, 2010
2009	$6.75B	$436M	15.5×	+1.0×	Dec 31, 2009
2008	$6.92B	$477M	14.5×	+3.0×	Dec 31, 2008
2007	$7.1B	$616M	11.5×	-3.0×	Dec 31, 2007
2006	$8.39B	$576M	14.6×	+1.5×	Dec 31, 2006
2005	$6.07B	$463M	13.1×	-2.8×	Dec 31, 2005
2004	$6.24B	$393M	15.9×	+0.7×	Dec 31, 2004
2003	$5.02B	$332M	15.1×	-17.7×	Dec 31, 2003
2002	$4.19B	$128M	32.9×	—	Dec 31, 2002


Solstice Advanced Materials (SOLS)	113.0×
Corteva (CTVA)	48.4×
Ecolab (ECL)	35.6×
Linde (LIN)	32.3×
Vulcan Materials (VMC)	32.1×
Freeport-McMoRan (FCX)	31.1×
Builders FirstSource (BLDR)	31.0×
Air Products and Chemicals (APD)	30.7×
Eastman Chemical (EMN)	21.8×
International Flavors & Fragrances (IFF)	21.8×
Avient (AVNT)	21.1×
Steel Dynamics (STLD)	20.6×
Agnico Eagle Mines (AEM)	19.0×
H.B. Fuller (FUL)	18.8×
Nucor (NUE)	16.9×
PPG Industries (PPG)	15.1×
Martin Marietta Materials (MLM)	14.0×
CRH (CRH)	13.9×
Newmont (NEM)	13.9×
CF Industries Holdings (CF)	11.4×
Mosaic (MOS)	11.1×

P/E Ratio for Sherwin-Williams (SHW) 2002-2026

P/E Ratio daily chart for Sherwin-Williams (SHW)

Historical P/E Ratio for Sherwin-Williams (SHW) from 2002 to 2025

About P/E Ratio at Sherwin-Williams (SHW)

Sherwin-Williams P/E Ratio by Year

Sherwin-Williams P/E Ratio 2025: 31.1×

Sherwin-Williams P/E Ratio 2024: 32.0×

Sherwin-Williams P/E Ratio 2023: 33.2×

Sherwin-Williams P/E Ratio 2022: 30.3×

Sherwin-Williams P/E Ratio 2021: 49.1×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Sherwin-Williams (SHW) Key Financials