Sherwin-Williams Co (NYSE:SHW) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Sherwin-Williams Co Forward PE Ratio Related Terms
Sherwin-Williams Co Forward PE Ratio Historical Data
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The historical data trend for Sherwin-Williams Co's Forward PE 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 Forward PE Ratio Chart
Sherwin-Williams Co Annual Data
Trend
2015-12
2016-12
2017-12
2018-12
2019-12
2020-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
19.96
19.69
22.37
17.70
23.87
27.93
34.25
22.94
28.09
26.95
25.97
Sherwin-Williams Co Quarterly Data
2015-12
2016-03
2016-06
2016-09
2016-12
2017-03
2017-06
2017-09
2017-12
2018-03
2018-06
2018-09
2018-12
2019-03
2019-06
2019-09
2019-12
2020-03
2020-06
2020-09
2020-12
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2023-06
2023-09
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
19.96
19.84
22.83
19.69
19.69
22.62
24.81
20.37
22.37
20.53
21.69
20.33
17.70
20.41
21.83
22.32
23.87
20.00
27.86
28.09
27.93
28.25
29.76
27.62
34.25
25.91
24.57
19.49
22.94
26.53
31.95
24.27
28.09
30.86
26.60
29.94
26.95
28.24
29.09
26.91
25.97
26.50
SHW vs ECL, APD, PPG: Forward PE Ratio Comparison
For the Specialty Chemicals subindustry, Sherwin-Williams Co's Forward PE Ratio, along with its competitors' market caps and Forward PE 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 Forward PE Ratio vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Sherwin-Williams Co's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Sherwin-Williams Co's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Sherwin-Williams Co (SHW) has a Forward PE Ratio of 28.46 as of Jul. 13, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Sherwin-Williams Co and its competitors. According to the industry distribution chart, Sherwin-Williams Co ranks #459 out of 660 companies in the Chemicals industry, placing it in the top 69.5%.
Is Sherwin-Williams Co's Forward PE Ratio too high?
Sherwin-Williams Co's current Forward PE Ratio is 28.46. The Chemicals industry median Forward PE Ratio is 18.08. Sherwin-Williams Co's value of 28.46 is 57.4% above this industry median. Based on the distribution chart, Sherwin-Williams Co ranks #459 out of 660 companies in the Chemicals industry, which is below the industry midpoint. Overall, Sherwin-Williams Co has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sherwin-Williams Co's Forward PE Ratio compare to ECL and APD?
According to the Chemicals industry distribution chart, Sherwin-Williams Co ranks #459 out of 660 companies for Forward PE Ratio. This places Sherwin-Williams Co in the lower half of its industry. The industry median Forward PE Ratio is 18.08. Sherwin-Williams Co's value of 28.46 is 57.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Chemicals company?
The median Forward PE Ratio among Chemicals companies is 18.08, based on 660 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sherwin-Williams Co's current Forward PE Ratio of 28.46 is 57.4% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Sherwin-Williams Co and its competitors. For the Chemicals industry, the median Forward PE Ratio is 18.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sherwin-Williams Co's current Forward PE Ratio is 28.46. 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 $355.83, compared to a current price of $333.99 — trading 6.1% below its estimated fair value. The current Forward PE Ratio is 28.46 and 57.4% above the Chemicals industry median of 18.08. Sherwin-Williams Co's overall GF Score™ is 87/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Sherwin-Williams Co (SHW), the current Forward PE Ratio is 28.46 as of Jul. 13, 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 $333.99 is trading 6.1% below its estimated GF Value™ of $355.83.
GuruFocus considers Sherwin-Williams Co to be Fairly Valued.
Key valuation signals for SHW:
Forward PE Ratio: 28.46
GF Value™: $355.83 vs. price of $333.99 (6.1% below fair value)
Industry Position: 57.4% above the Chemicals median (#459 of 660)
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.
87GF Score
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Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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