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Sherwin-Williams CoSHW -2.93%89 Debt-to-Equity is 3.69 as of Jun. 2026, which is 19% above its 10-year median of 3.09. GuruFocus rates SHW with a GF Score™ of 89/100 and a GF Value™ of $356.49 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,420 Chemicals companies, Sherwin-Williams Co ranks worse than 97.39% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Sherwin-Williams Co's Debt-to-Equity or its related term are showing as below:
SHW'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.95 Med: 3.09 Max: 5.62
Current: 3.11
During the past 13 years, the highest Debt-to-Equity Ratio of Sherwin-Williams Co was 5.62. The lowest was 0.95. And the median was 3.09.
SHW's Debt-to-Equity is ranked worse than 97.39% of 1420
companies
in the Chemicals industry
Industry Median: 0.36
vs SHW: 3.11
Sherwin-Williams Co (NYSE:SHW) Debt-to-Equity Explanation
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Sherwin-Williams Co Debt-to-Equity Related Terms
Sherwin-Williams Co Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Sherwin-Williams Co's Debt-to-Equity 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.
For the Specialty Chemicals subindustry, Sherwin-Williams Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Sherwin-Williams Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Sherwin-Williams Co's Debt-to-Equity falls into.
* 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 (SHW) has a Debt-to-Equity of 3.69 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Sherwin-Williams Co and its competitors. This is 19% above median its historical median of 3.09. Over the past decade, Sherwin-Williams Co's Debt-to-Equity has ranged from 0.95 to 5.62. According to the industry distribution chart, Sherwin-Williams Co ranks #1383 out of 1420 companies in the Chemicals industry, placing it in the top 97.4%.
Is Sherwin-Williams Co's Debt-to-Equity too high?
Sherwin-Williams Co's current Debt-to-Equity of 3.69 is 19% above median its 10-year median of 3.09. Over the past 10 years, this metric has ranged from a low of 0.95 to a high of 5.62. The Chemicals industry median Debt-to-Equity is 0.36. Sherwin-Williams Co's value of 3.69 is 925% above this industry median. Based on the distribution chart, Sherwin-Williams Co ranks #1383 out of 1420 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Sherwin-Williams Co has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sherwin-Williams Co's Debt-to-Equity compare to ECL and APD?
According to the Chemicals industry distribution chart, Sherwin-Williams Co ranks #1383 out of 1420 companies for Debt-to-Equity. This places Sherwin-Williams Co in the lower half of its industry. The industry median Debt-to-Equity is 0.36. Sherwin-Williams Co's value of 3.69 is 925% above this benchmark. Historically, Sherwin-Williams Co's own Debt-to-Equity has ranged from 0.95 to 5.62 over the past decade. While the company's 10-year median is 3.09 vs. the industry median of 0.36, 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 Debt-to-Equity for a Chemicals company?
The median Debt-to-Equity among Chemicals companies is 0.36, based on 1,420 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sherwin-Williams Co's current Debt-to-Equity of 3.69 is 925% 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Sherwin-Williams Co and its competitors. For the Chemicals industry, the median Debt-to-Equity is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sherwin-Williams Co's current Debt-to-Equity is 3.69, which is 19% above median its own 10-year median of 3.09. 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 (SHW) is currently considered Fairly Valued. The stock's GF Value™ is $356.49, compared to a current price of $343.88 — trading 3.5% below its estimated fair value. The current Debt-to-Equity is 3.69, which is 19% above median its 10-year median of 3.09 and 925% above the Chemicals industry median of 0.36. Sherwin-Williams Co's overall GF Score™ is 89/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Sherwin-Williams Co (SHW), the current Debt-to-Equity is 3.69 as of Jun. 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 (SHW) Overvalued in 2026?
Based on GuruFocus' analysis, Sherwin-Williams Co stock appears to be undervalued.
The current stock price of $343.88 is trading 3.5% below its estimated GF Value™ of $356.49.
GuruFocus considers Sherwin-Williams Co to be Fairly Valued.
Key valuation signals for SHW:
Debt-to-Equity: 3.69 (19% above median its 10-year median of 3.09)
GF Value™: $356.49 vs. price of $343.88 (3.5% below fair value)
Industry Position: 925% above the Chemicals median (#1383 of 1420)
No single metric tells the full story. See the SHW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
89GF Score
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