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Friday 6 November 2026 Export SHW’s income statement to Excel — free account

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
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

The Sherwin-Williams Company (SHW) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, The Sherwin-Williams Company (SHW) trades at a P/B ratio of 21.2×. Over the past ten years it has ranged from 8.7× (December 2018) to 57.8× (May 2015); the current reading is higher than 61% of that period. That is above the Specialty Chemicals industry median of 1.9× and above the Basic Materials sector median of 1.7×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 17.4× (17.16%)
FY2024 21.1× 0.49%
FY2023 21.0× 5.27%
FY2022 19.9× (47.51%)
FY2021 37.9× 106.07%
FY2020 18.4× 41.68%
FY2019 13.0× 32.47%
FY2018 9.8× (6.92%)
FY2017 10.5× (21.50%)
FY2016 13.4× (51.33%)

Quarterly newest first

Period P/B ratio Change
Sep 2026 19.6× (10.19%)
Jun 2026 21.8× 22.57%
Mar 2026 17.8× 1.87%
Dec 2025 17.4× (9.43%)
43 more quarters

Against its own ten years

Low 8.7× High 57.8×
Ten-year median 19.3×
Current reading's percentile 67

P/B ratio against peers

Company P/B ratio
DD DuPont de Nemours, Inc. compare 1.4×
IFF International Flavors & Fragrances Inc. compare 1.6×
LYB LyondellBasell Industries N.V. compare 1.8×
PPG PPG Industries, Inc. compare 3.2×
RPM RPM International Inc. compare 3.9×
APD Air Products and Chemicals, Inc. compare 4.2×
LIN Linde PLC compare 5.8×
ECL Ecolab Inc. compare 8.2×
SHW The Sherwin-Williams Company 21.2×
Specialty Chemicals industry median 1.9×
Basic Materials sector median 1.7×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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