Sherwin-Williams Co (WBO:SHWW) Cyclically Adjusted PB Ratio: 24.27 (As of Jul. 29, 2026) — Near Median

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WBO:SHWW Sherwin-Williams Co WBO:SHWW
85 GF Score
Price €310.40
GF Value €312.35
Valuation Fairly Valued
! 1 Warning Sign
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What is Sherwin-Williams Co Cyclically Adjusted PB Ratio?

Sherwin-Williams Co WBO:SHWW +8.38% 85 Cyclically Adjusted PB Ratio is 24.27 as of Jul. 29, 2026, which is 3% below its 10-year median of 25.01. GuruFocus rates WBO:SHWW with a GF Score™ of 85/100 and a GF Value™ of €312.35 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,267 Chemicals companies, Sherwin-Williams Co ranks worse than 98.74% on this metric.

As of today (2026-07-29), Sherwin-Williams Co's current share price is €310.40. Sherwin-Williams Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €12.79. Sherwin-Williams Co's Cyclically Adjusted PB Ratio for today is 24.27.

The historical rank and industry rank for Sherwin-Williams Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

WBO:SHWW' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 17.31   Med: 25.01   Max: 37.74
Current: 23.71

During the past years, Sherwin-Williams Co's highest Cyclically Adjusted PB Ratio was 37.74. The lowest was 17.31. And the median was 25.01.

WBO:SHWW's Cyclically Adjusted PB Ratio is ranked worse than
98.74% of 1267 companies
in the Chemicals industry
Industry Median: 1.65 vs WBO:SHWW: 23.71

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Sherwin-Williams Co's adjusted book value per share data for the three months ended in Mar. 2026 was €15.541. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €12.79 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sherwin-Williams Co  (WBO:SHWW) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Sherwin-Williams Co Cyclically Adjusted PB Ratio Related Terms


Sherwin-Williams Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Sherwin-Williams Co's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Sherwin-Williams Co Cyclically Adjusted PB Ratio Chart

Sherwin-Williams Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 37.35 22.86 27.43 26.96 22.59

Sherwin-Williams Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 26.59 25.25 24.70 22.59 21.46

WBO:SHWW vs ECL, APD, PPG: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Sherwin-Williams Co's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sherwin-Williams Co Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sherwin-Williams Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Sherwin-Williams Co's Cyclically Adjusted PB Ratio falls into.


WBO:SHWW
85GF Score
Sherwin-Williams Co WBO:SHWW
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sherwin-Williams Co Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Sherwin-Williams Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=310.40/12.79
=24.27

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Sherwin-Williams Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Sherwin-Williams Co's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=15.541/330.2130*330.2130
=15.541

Current CPI (Mar. 2026) = 330.2130.

Sherwin-Williams Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 4.010 241.018 5.494
201609 5.108 241.428 6.986
201612 6.382 241.432 8.729
201703 6.912 243.801 9.362
201706 7.595 244.955 10.238
201709 8.197 246.819 10.967
201712 10.944 246.524 14.659
201803 10.664 249.554 14.111
201806 11.450 251.989 15.004
201809 12.128 252.439 15.865
201812 11.739 251.233 15.429
201903 11.057 254.202 14.363
201906 11.983 256.143 15.448
201909 13.190 256.759 16.963
201912 13.424 256.974 17.250
202003 10.927 258.115 13.979
202006 12.581 257.797 16.115
202009 13.110 260.280 16.632
202012 11.047 260.474 14.005
202103 9.724 264.877 12.123
202106 8.954 271.696 10.882
202109 8.722 274.310 10.499
202112 8.260 278.802 9.783
202203 7.799 287.504 8.958
202206 8.120 296.311 9.049
202209 10.125 296.808 11.265
202212 11.312 296.797 12.586
202303 11.469 301.836 12.547
202306 13.033 305.109 14.105
202309 13.837 307.789 14.845
202312 13.386 306.746 14.410
202403 12.713 312.332 13.441
202406 13.817 314.175 14.522
202409 14.868 315.301 15.571
202412 15.396 315.605 16.109
202503 15.245 319.799 15.741
202506 15.303 322.561 15.666
202509 15.210 324.800 15.463
202512 15.854 324.054 16.155
202603 15.541 330.213 15.541

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 24.27 mean?
Sherwin-Williams Co (WBO:SHWW) has a Cyclically Adjusted PB Ratio of 24.27 as of Jul. 29, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Sherwin-Williams Co and its competitors. This is near median its historical median of 25.01. Over the past decade, Sherwin-Williams Co's Cyclically Adjusted PB Ratio has ranged from 17.31 to 37.74. According to the industry distribution chart, Sherwin-Williams Co ranks #1251 out of 1267 companies in the Chemicals industry, placing it in the top 98.7%.
Is Sherwin-Williams Co's Cyclically Adjusted PB Ratio too high?
Sherwin-Williams Co's current Cyclically Adjusted PB Ratio of 24.27 is near median its 10-year median of 25.01. Over the past 10 years, this metric has ranged from a low of 17.31 to a high of 37.74. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.65. Sherwin-Williams Co's value of 24.27 is 1370.9% above this industry median. Based on the distribution chart, Sherwin-Williams Co ranks #1251 out of 1267 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Sherwin-Williams Co has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sherwin-Williams Co's Cyclically Adjusted PB Ratio compare to ECL and APD?
According to the Chemicals industry distribution chart, Sherwin-Williams Co ranks #1251 out of 1267 companies for Cyclically Adjusted PB Ratio. This places Sherwin-Williams Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.65. Sherwin-Williams Co's value of 24.27 is 1370.9% above this benchmark. Historically, Sherwin-Williams Co's own Cyclically Adjusted PB Ratio has ranged from 17.31 to 37.74 over the past decade. While the company's 10-year median is 25.01 vs. the industry median of 1.65, Sherwin-Williams Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.65, based on 1,267 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sherwin-Williams Co's current Cyclically Adjusted PB Ratio of 24.27 is 1370.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Sherwin-Williams Co and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sherwin-Williams Co's current Cyclically Adjusted PB Ratio is 24.27, which is near median its own 10-year median of 25.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sherwin-Williams Co stock overvalued right now?
Based on GuruFocus' analysis, Sherwin-Williams Co (WBO:SHWW) is currently considered Fairly Valued. The stock's GF Value™ is €312.35, compared to a current price of €310.40 — trading 0.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 24.27, which is near median its 10-year median of 25.01 and 1370.9% above the Chemicals industry median of 1.65. Sherwin-Williams Co's overall GF Score™ is 85/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Sherwin-Williams Co (WBO:SHWW), the current Cyclically Adjusted PB Ratio is 24.27 as of Jul. 29, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Sherwin-Williams Co (WBO:SHWW) Overvalued in 2026?

Based on GuruFocus' analysis, Sherwin-Williams Co stock appears to be undervalued. The current stock price of €310.40 is trading 0.6% below its estimated GF Value™ of €312.35. GuruFocus considers Sherwin-Williams Co to be Fairly Valued.

Key valuation signals for WBO:SHWW:

  • Cyclically Adjusted PB Ratio: 24.27 (near median its 10-year median of 25.01)
  • GF Value™: €312.35 vs. price of €310.40 (0.6% below fair value)
  • GF Score™: 85/100 with 1 warning sign
  • Industry Position: 1370.9% above the Chemicals median (#1251 of 1267)

No single metric tells the full story. See the WBO:SHWW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sherwin-Williams Co Business Description

Address 1 Sherwin Way, Cleveland, OH, USA, 44113-2206
Sherwin-Williams is the largest global manufacturer of paints and coatings. The company focuses on the development, manufacturing, and distribution of paint, coatings, and related products to customers ranging from professional painters and contractors to industrial manufacturers to do-it-yourself consumers. Sherwin organizes its operations into three primary segments: the paint stores group is the largest segment and includes the company's network of over 4,800 company-owned stores; the consumer brands group sells branded architectural paints through big-box retailers such as Lowe's, and the performance coatings group provides specialized coatings for industrial applications, such as automotive refinishing, packaging, and industrial wood.
85GF Score

Get the complete analysis for WBO:SHWW

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€310.40
Price
€312.35
GF Value