--- title: Sherwin-Williams (SHW) — intrinsic value and fair price canonical: https://sweetvaluelab.com/stocks/shw ticker: SHW as_of: 2026-10-17 sector: Basic Materials industry: Chemicals - Specialty --- # Sherwin-Williams (SHW) Sherwin-Williams (SHW) closed at $335.20 on Oct 16, 2026, overvalued by 76% vs its model value of $190.19 (from a five-year discounted cash flow). ## Key figures | Figure | Value | | --- | ---: | | Last close | $335.20 (Oct 16, 2026) | | Model value (from a five-year discounted cash flow) | $190.19 | | Price vs model | overvalued by 76% vs model | | Range of that model | $111.21 – $448.59 | | Market value | $81.4B | | P/E (fiscal 2025) | 32.6 | | Net margin (fiscal 2025) | 10.9% | | Free cash flow (fiscal 2025) | $2.7B | | Dividend yield (trailing twelve months) | 0.95% | | Beta | 1.08 | | Cost of capital (WACC) | 8.62% | | Business classification | Mature & Stable (Low/slowing growth (~1% recent), Moderate margins (11% net margin), Highly cyclical earnings, High leverage (D/E 3.2x)) | ## On the stock lists | List | Place | Figure | Page | | --- | ---: | ---: | --- | | Dividend growth streaks | #21 | 40+ years | https://sweetvaluelab.com/lists/dividend-growth-streaks | ## Dividends | Figure | Value | | --- | ---: | | Trailing dividend yield | 0.95% | | Dividends per share, last 12 months | $3.19 | | Dividends / free cash flow (fiscal 2025) | 29.8% | | Raised | 40+ years in a row | | Growth over 5 years | 8.8% a year | | Latest payment | $0.80, ex-date Aug 21, 2026, paid Sep 11, 2026 | | Year of payments | Dividends per share | | --- | ---: | | To Aug 19, 2021 | $2.10 | | To Aug 18, 2022 | $2.35 | | To Aug 17, 2023 | $2.42 | | To Aug 16, 2024 | $2.75 | | To Aug 15, 2025 | $3.09 | | Trailing twelve months (to Aug 21, 2026) | $3.19 | ## Valuation models Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026. | Model | Role | Value per share | Low | High | | --- | --- | ---: | ---: | ---: | | DCF · Perpetuity growth · 5y | primary | $190.19 | $111.21 | $448.59 | | DCF · Perpetuity growth · 10y | cross check | $201.58 | $123.33 | $452.95 | | DCF · EBITDA exit · 5y | cross check | $177.99 | $98.75 | $271.63 | | DCF · EBITDA exit · 10y | cross check | $191.37 | $113.96 | $295.45 | | P/E · peers | cross check | $169.83 | $162.12 | $186.29 | | P/E · own history | cross check | $376.68 | $356.50 | $404.25 | | PEG | sanity check | $165.16 | $165.16 | $165.16 | | EV/EBITDA · peers | cross check | $128.75 | $128.54 | $152.97 | | EV/Revenue · peers | cross check | $103.56 | $95.82 | $119.34 | | Earnings power value | cross check | $59.33 | $42.00 | $83.96 | | Dividend discount | cross check | $72.09 | $50.28 | $114.80 | ## Insider activity (SEC Form 4) Past 90 days: 0 open-market buys ($0) and 2 open-market sales ($7.7M); 10b5-1 plan sales included. | Date | Insider | Relationship | Transaction | Shares | Value | | --- | --- | --- | --- | ---: | ---: | | Oct 2, 2026 | Williams Thomas | Director | Grant / award | 104.12 | $33,749.5 | | Oct 2, 2026 | THAMAN MICHAEL H | Director | Grant / award | 104.12 | $33,749.5 | | Oct 2, 2026 | Gamgort Robert James | Director | Grant / award | 104.12 | $33,749.5 | | Oct 2, 2026 | ANDERSON KERRII B | Director | Grant / award | 30.85 | $9,999.7 | | Aug 17, 2026 | Binns Justin T | President, Glob. Architectural | Option/RSU exercise | 13,500 | $0 | ## Recent SEC filings | Filed | Form | What | Filing | | --- | --- | --- | --- | | Sep 29, 2026 | 8-K | 1.01 Entry into a Material Agreement; 1.02 Termination of a Material Agreement; 2.03 Creation of a Direct Financial Obligation; 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/89800/000119312526405960/d147868d8k.htm | | Jul 28, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/89800/000008980026000049/shw-20260630.htm | | Jul 28, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/89800/000008980026000046/shw-20260728.htm | | Jun 9, 2026 | 8-K | 1.01 Entry into a Material Agreement; 2.03 Creation of a Direct Financial Obligation; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/89800/000119312526263161/d147641d8k.htm | | Apr 28, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/89800/000008980026000038/shw-20260331.htm | ## Superinvestors holding it (latest 13F) | Manager | Quarter | Shares | Value | | --- | --- | ---: | ---: | | Viking Global | 2026-06-30 | 3,875,879 | $1.3B | | Lee Ainslie | 2026-06-30 | 575,013 | $198.0M | | Jensen | 2026-06-30 | 539,035 | $185.6M | | Mairs & Power | 2026-06-30 | 440,586 | $151.7M | 8 tracked managers in all. ## About The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paint, coatings, and related products to professional, industrial, commercial and retail customers. The company operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group. The Paint Stores Group segment offers architectural paint and coatings; protective and marine products; and OEM product finishes and related products for architectural and industrial paint contractors, and do-it-yourself homeowners under the Sherwin-Williams brand. The Consumer Brands Group segment supplies a portfolio of branded and private-label architectural paints, stains, varnishes, industrial products, wood finishes products, wood preservatives, applicators, corrosion inhibitors, aerosols, caulks, and adhesives to retailers, including home centers and hardware stores, and… --- Source: https://sweetvaluelab.com/stocks/shw (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.