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Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Sherwin-Williams Co's Goodwill for the quarter that ended in Jun. 2026 was $8,023 Mil. Sherwin-Williams Co's Total Assets for the quarter that ended in Jun. 2026 was $26,951 Mil.
Therefore, Sherwin-Williams Co's Goodwill to Asset Ratio for the quarter that ended in Jun. 2026 was 0.30.
Sherwin-Williams Co (NYSE:SHW) Goodwill-to-Asset Explanation
If the goodwill-to-asset ratio increases, it can mean that the company is recording a proportionately higher amount of goodwill, assuming total assets are remaining constant. It is generally good to see a company increasing its assets regularly; however, if these increases are coming from intangible assets, such as goodwill, the increases may not be as good.
Increases in the goodwill-to-asset ratio might suggest that a company has been aggressively acquiring other firms or has seen its tangible assets decrease in value. When a large portion of total assets are attributable to intangible assets (such as goodwill), the company may be at risk of having that portion of its asset base wiped out quickly if it must record any goodwill impairments. Decreases in the goodwill-to-assets ratio suggest that the company has either written down some goodwill or increased its tangible assets.
Asset needs vary from industry to industry. This is why comparing goodwill-to-assets ratios is generally most meaningful among companies within the same industry. By comparing a company's goodwill to assets ratio to those of other companies within the same industry, investors can get a feel for how a company is managing its goodwill.
Sherwin-Williams Co Goodwill-to-Asset Related Terms
Sherwin-Williams Co Goodwill-to-Asset Historical Data
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The historical data trend for Sherwin-Williams Co's Goodwill-to-Asset 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.
SHW vs ECL, APD, PPG: Goodwill-to-Asset Comparison
For the Specialty Chemicals subindustry, Sherwin-Williams Co's Goodwill-to-Asset, along with its competitors' market caps and Goodwill-to-Asset 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 Goodwill-to-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Sherwin-Williams Co's Goodwill-to-Asset distribution charts can be found below:
* The bar in red indicates where Sherwin-Williams Co's Goodwill-to-Asset 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 Goodwill-to-Asset of 0.30 as of Jun. 2026. Goodwill-to-Asset Ratio is the total goodwill from acquisitions divided by total assets. View historical data on Sherwin-Williams Co and its competitors.
Is Sherwin-Williams Co's Goodwill-to-Asset too high?
Sherwin-Williams Co's current Goodwill-to-Asset is 0.30. 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 Goodwill-to-Asset compare to ECL and APD?
Sherwin-Williams Co's Goodwill-to-Asset of 0.30 can be compared against companies in the Chemicals industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Goodwill-to-Asset for a Chemicals company?
A good Goodwill-to-Asset depends on the Chemicals industry context. However, Goodwill-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Goodwill-to-Asset mean?
A high Goodwill-to-Asset can signal that a stock is expensive relative to its fundamentals. Goodwill-to-Asset Ratio is the total goodwill from acquisitions divided by total assets. View historical data on Sherwin-Williams Co and its competitors. Sherwin-Williams Co's current Goodwill-to-Asset is 0.30. 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 $364.66, compared to a current price of $353.59 — trading 3% below its estimated fair value. The current Goodwill-to-Asset is 0.30. Sherwin-Williams Co's overall GF Score™ is 87/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Goodwill-to-Asset calculated?
Goodwill-to-Asset is calculated from a company's financial statements. For Sherwin-Williams Co (SHW), the current Goodwill-to-Asset is 0.30 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 $353.59 is trading 3% below its estimated GF Value™ of $364.66.
GuruFocus considers Sherwin-Williams Co to be Fairly Valued.
Key valuation signals for SHW:
Goodwill-to-Asset: 0.30
GF Value™: $364.66 vs. price of $353.59 (3% below fair value)
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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