The Sherwin-Williams Company

SHW Basic Materials Specialty Chemicals

The Sherwin-Williams Company’s revenue for fiscal 2025 (year ended December 2025) was $23.6 billion, up 2.06% from fiscal 2024.

Revenue
+7.89%
EPS
+0.89%
Free cash flow
−12.2%
Total debt
+2.43%

Quarter to September 2026, against a year earlier

349.94 13.56 −3.73%
Market cap
$84.3B
P/E
31.8×
Fwd P/E
29.9×
Dividend yield
0.91%
F-score
6/9
Altman Z
3.67
Beneish M
−2.50
Dividend safety
89/100

The Sherwin-Williams Company (SHW) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, The Sherwin-Williams Company (SHW) trades at a EV/EBITDA of 19.5×. Over the past ten years it has ranged from 11.9× (November 2016) to 32.0× (December 2021); the current reading is higher than 42% of that period. That is above the Specialty Chemicals industry median of 12.9× and above the Basic Materials sector median of 9.2×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 19.7× (6.41%)
FY2024 21.1× 3.88%
FY2023 20.3× 2.25%
FY2022 19.8× (38.02%)
FY2021 32.0× 48.28%
FY2020 21.6× 8.25%
FY2019 19.9× 8.23%
FY2018 18.4× (12.78%)
FY2017 21.1× 61.90%
FY2016 13.0× (7.73%)

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 18.2× (7.67%)
Jun 2026 19.7× 2.61%
Mar 2026 19.2× (2.34%)
Dec 2025 19.7× (8.42%)
43 more quarters

Against its own ten years

Low 11.9× High 32.0×
Ten-year median 20.1×
Current reading's percentile 42

EV/EBITDA against peers

Company EV/EBITDA
LYB LyondellBasell Industries N.V. compare 6.9×
PPG PPG Industries, Inc. compare 11.7×
RPM RPM International Inc. compare 12.7×
DD DuPont de Nemours, Inc. compare 14.4×
IFF International Flavors & Fragrances Inc. compare 17.1×
SHW The Sherwin-Williams Company 19.5×
LIN Linde PLC compare 20.2×
ECL Ecolab Inc. compare 24.7×
APD Air Products and Chemicals, Inc. compare 90.3×
Specialty Chemicals industry median 12.9×
Basic Materials sector median 9.2×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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