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Sherwin-Williams CoMIL:1SHW 62 Piotroski F-Score is 6 as of Jul. 31, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates MIL:1SHW with a GF Score™ of 62/100 and a GF Value™ of €312.00 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,558 Chemicals companies, Sherwin-Williams Co ranks better than 75.99% on this metric.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Sherwin-Williams Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Sherwin-Williams Co's Piotroski F-Score or its related term are showing as below:
MIL:1SHW'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 7 Max: 9
Current: 6
During the past 13 years, the highest Piotroski F-Score of Sherwin-Williams Co was 9. The lowest was 4. And the median was 7.
Sherwin-Williams Co (MIL:1SHW) Piotroski F-Score Explanation
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
Sherwin-Williams Co Piotroski F-Score Related Terms
Sherwin-Williams Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Sherwin-Williams Co's Piotroski F-Score 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.
MIL:1SHW vs ECL, APD, PPG: Piotroski F-Score Comparison
For the Specialty Chemicals subindustry, Sherwin-Williams Co's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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 Piotroski F-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Sherwin-Williams Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Sherwin-Williams Co's Piotroski F-Score 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.
This Year (Jun26) TTM:
Last Year (Jun25) TTM:
Net Income was 709.801 + 407.187 + 462.515 + 732.245 = €2,312 Mil. Cash Flow from Operations was 1114.075 + 932.995 + 120.321 + 1169.63 = €3,337 Mil. Revenue was 5417.186 + 4778.899 + 4901.868 + 5893.112 = €20,991 Mil. Gross Profit was 2662.926 + 2316.56 + 2405.132 + 2897.384 = €10,282 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(21990.241 + 22327.853 + 22120.052 + 22817.575 + 23393.815) / 5 = €22529.9072 Mil. Total Assets at the begining of this year (Jun25) was €21,990 Mil. Long-Term Debt & Capital Lease Obligation was €8,666 Mil. Total Current Assets was €6,075 Mil. Total Current Liabilities was €8,356 Mil.
Net Income was 726.386 + 458.496 + 466.107 + 654.325 = €2,305 Mil.
Revenue was 5552.413 + 5058.826 + 4907.772 + 5474.671 = €20,994 Mil. Gross Profit was 2727.778 + 2457.406 + 2367.167 + 2703.566 = €10,256 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(22048.886 + 21595.438 + 22569.133 + 22788.392 + 21990.241) / 5 = €22198.418 Mil. Total Assets at the begining of last year (Jun24) was €22,049 Mil. Long-Term Debt & Capital Lease Obligation was €8,178 Mil. Total Current Assets was €5,571 Mil. Total Current Liabilities was €7,106 Mil.
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Sherwin-Williams Co's current Net Income (TTM) was 2,312.
==> Positive ==> Score 1.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
Sherwin-Williams Co's return on assets of this year was 0.10512609. Sherwin-Williams Co's return on assets of last year was 0.10455467.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Sherwin-Williams Co's gearing of this year was 0.38465312. Sherwin-Williams Co's gearing of last year was 0.36838801.
==> Last year is lower than this year ==> Score 0.
Question 6. Change in Working Capital (Liquidity)
Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.
Score 1 if this year's current ratio is higher, 0 if it's lower
Sherwin-Williams Co's current ratio of this year was 0.72703859. Sherwin-Williams Co's current ratio of last year was 0.78391729.
==> Last year's current ratio is higher ==> Score 0.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
Sherwin-Williams Co's number of shares in issue this year was 246. Sherwin-Williams Co's number of shares in issue last year was 251.3.
==> There is smaller number of shares in issue this year, or the same. ==> Score 1.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
Sherwin-Williams Co's gross margin of this year was 0.48982755. Sherwin-Williams Co's gross margin of last year was 0.48852398.
==> This year's gross margin is higher. ==> Score 1.
Question 9. Change in asset turnover
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
Sherwin-Williams Co's asset turnover of this year was 0.95456275. Sherwin-Williams Co's asset turnover of last year was 0.95214253.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Sherwin-Williams Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Sherwin-Williams Co (MIL:1SHW) has a Piotroski F-Score of 6 as of Jul. 31, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sherwin-Williams Co and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, Sherwin-Williams Co's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Sherwin-Williams Co ranks #374 out of 1558 companies in the Chemicals industry, placing it in the top 24%.
Is Sherwin-Williams Co's Piotroski F-Score too high?
Sherwin-Williams Co's current Piotroski F-Score of 6 is 14% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Chemicals industry median Piotroski F-Score is 5.00. Sherwin-Williams Co's value of 6 is 20% above this industry median. Based on the distribution chart, Sherwin-Williams Co ranks #374 out of 1558 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Sherwin-Williams Co has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sherwin-Williams Co's Piotroski F-Score compare to ECL and APD?
According to the Chemicals industry distribution chart, Sherwin-Williams Co ranks #374 out of 1558 companies for Piotroski F-Score. This places Sherwin-Williams Co in the top 24% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Sherwin-Williams Co's value of 6 is 20% above this benchmark. Historically, Sherwin-Williams Co's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, 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 Piotroski F-Score for a Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,558 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sherwin-Williams Co's current Piotroski F-Score of 6 is 20% 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 Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sherwin-Williams Co and its competitors. For the Chemicals industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sherwin-Williams Co's current Piotroski F-Score is 6, which is 14% below median its own 10-year median of 7.00. 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 (MIL:1SHW) is currently considered Fairly Valued. The stock's GF Value™ is €312.00, compared to a current price of €301.80 — trading 3.3% below its estimated fair value. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 20% above the Chemicals industry median of 5.00. Sherwin-Williams Co's overall GF Score™ is 62/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Sherwin-Williams Co (MIL:1SHW), the current Piotroski F-Score is 6 as of Jul. 31, 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 (MIL:1SHW) Overvalued in 2026?
Based on GuruFocus' analysis, Sherwin-Williams Co stock appears to be undervalued.
The current stock price of €301.80 is trading 3.3% below its estimated GF Value™ of €312.00.
GuruFocus considers Sherwin-Williams Co to be Fairly Valued.
Key valuation signals for MIL:1SHW:
Piotroski F-Score: 6 (14% below median its 10-year median of 7.00)
GF Value™: €312.00 vs. price of €301.80 (3.3% below fair value)
Industry Position: 20% above the Chemicals median (#374 of 1558)
No single metric tells the full story. See the MIL:1SHW 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.
62GF Score
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Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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