Common Stock Valuation Ratios (Price Multiples)
Quarterly Data
Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).
Historical Valuation Ratios (Summary)
Sherwin-Williams Co., historical price multiples (quarterly data)
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
| Valuation ratio | Description | The company |
|---|---|---|
| P/E ratio | The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. | Sherwin-Williams Co. P/E ratio increased from Q4 2021 to Q1 2022 but then decreased significantly from Q1 2022 to Q2 2022. |
| P/OP ratio | Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. | Sherwin-Williams Co. P/OP ratio increased from Q4 2021 to Q1 2022 but then decreased significantly from Q1 2022 to Q2 2022. |
| P/S ratio | An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. | Sherwin-Williams Co. P/S ratio decreased from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022. |
| P/BV ratio | The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. | Sherwin-Williams Co. P/BV ratio increased from Q4 2021 to Q1 2022 but then decreased significantly from Q1 2022 to Q2 2022. |
Price to Earnings (P/E)
Sherwin-Williams Co., historical P/E calculation (quarterly data)
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 259,183,053 | 260,131,306 | 260,373,774 | 262,196,196 | 263,302,451 | 265,949,600 | 268,805,607 | 272,473,518 | 273,148,974 | 272,400,000 | 276,683,112 | 276,927,720 | 276,769,044 | 276,948,606 | 278,154,810 | 280,878,951 | 280,143,066 | 280,637,067 | 281,981,373 | 280,541,748 | 280,230,507 | 279,384,912 | |||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||
| Net income (in thousands) | 577,900) | 370,800) | 304,000) | 502,200) | 648,600) | 409,600) | 407,000) | 705,800) | 595,900) | 321,700) | 248,622) | 576,438) | 471,003) | 245,237) | 100,988) | 354,027) | 403,604) | 250,127) | 897,393) | 316,606) | 319,111) | 239,152) | |||||||
| Earnings per share (EPS)2 | 6.77 | 7.02 | 7.16 | 7.50 | 8.25 | 7.97 | 7.55 | 6.87 | 6.38 | 5.94 | 5.57 | 5.03 | 4.23 | 3.99 | 3.99 | 6.78 | 6.67 | 6.35 | 6.29 | 0.00 | 0.00 | 0.00 | |||||||
| Share price1, 3 | 231.97 | 271.37 | 267.22 | 316.02 | 287.72 | 268.96 | 238.97 | 224.49 | 211.18 | 179.62 | 191.11 | 188.96 | 167.04 | 150.43 | 146.63 | 122.67 | 145.76 | 124.24 | 132.73 | 130.85 | 116.87 | 108.20 | |||||||
| Valuation Ratio | |||||||||||||||||||||||||||||
| P/E ratio4 | 34.26 | 38.67 | 37.32 | 42.12 | 34.90 | 33.77 | 31.64 | 32.67 | 33.10 | 30.24 | 34.31 | 37.55 | 39.47 | 37.74 | 36.79 | 18.09 | 21.86 | 19.55 | 21.12 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| P/E Ratio, Competitors5 | |||||||||||||||||||||||||||||
| Linde plc | 41.67 | 39.22 | 38.92 | 45.83 | 48.23 | 53.02 | 52.57 | 58.47 | 56.55 | 41.46 | 46.22 | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Data adjusted for splits and stock dividends.
2 Q2 2022 Calculation
EPS
= (Net incomeQ2 2022
+ Net incomeQ1 2022
+ Net incomeQ4 2021
+ Net incomeQ3 2021)
÷ No. shares of common stock outstanding
= (577,900,000 + 370,800,000 + 304,000,000 + 502,200,000)
÷ 259,183,053 = 6.77
3 Closing price as at the filing date of Sherwin-Williams Co. Quarterly or Annual Report.
4 Q2 2022 Calculation
P/E ratio = Share price ÷ EPS
= 231.97 ÷ 6.77 = 34.26
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/E ratio | The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. | Sherwin-Williams Co. P/E ratio increased from Q4 2021 to Q1 2022 but then decreased significantly from Q1 2022 to Q2 2022. |
Price to Operating Profit (P/OP)
Sherwin-Williams Co., historical P/OP calculation (quarterly data)
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 259,183,053 | 260,131,306 | 260,373,774 | 262,196,196 | 263,302,451 | 265,949,600 | 268,805,607 | 272,473,518 | 273,148,974 | 272,400,000 | 276,683,112 | 276,927,720 | 276,769,044 | 276,948,606 | 278,154,810 | 280,878,951 | 280,143,066 | 280,637,067 | 281,981,373 | 280,541,748 | 280,230,507 | 279,384,912 | |||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||
| Operating income (in thousands) | 847,000) | 564,900) | 372,900) | 695,600) | 901,000) | 589,400) | 560,400) | 959,300) | 841,300) | 500,300) | 318,706) | 790,803) | 764,944) | 412,747) | 217,675) | 645,735) | 629,895) | 384,243) | 370,420) | 508,201) | 560,871) | 326,653) | |||||||
| Operating profit per share2 | 9.57 | 9.74 | 9.83 | 10.47 | 11.43 | 11.09 | 10.64 | 9.61 | 8.97 | 8.72 | 8.27 | 7.89 | 7.37 | 6.88 | 6.75 | 7.23 | 6.76 | 6.50 | 6.26 | 0.00 | 0.00 | 0.00 | |||||||
| Share price1, 3 | 231.97 | 271.37 | 267.22 | 316.02 | 287.72 | 268.96 | 238.97 | 224.49 | 211.18 | 179.62 | 191.11 | 188.96 | 167.04 | 150.43 | 146.63 | 122.67 | 145.76 | 124.24 | 132.73 | 130.85 | 116.87 | 108.20 | |||||||
| Valuation Ratio | |||||||||||||||||||||||||||||
| P/OP ratio4 | 24.24 | 27.85 | 27.19 | 30.17 | 25.17 | 24.24 | 22.45 | 23.35 | 23.53 | 20.60 | 23.12 | 23.94 | 22.65 | 21.86 | 21.72 | 16.97 | 21.57 | 19.12 | 21.19 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| P/OP Ratio, Competitors5 | |||||||||||||||||||||||||||||
| Linde plc | 31.50 | 30.03 | 29.87 | 34.99 | 36.47 | 40.55 | 39.58 | 44.47 | 43.23 | 31.75 | 36.01 | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Data adjusted for splits and stock dividends.
2 Q2 2022 Calculation
Operating profit per share
= (Operating incomeQ2 2022
+ Operating incomeQ1 2022
+ Operating incomeQ4 2021
+ Operating incomeQ3 2021)
÷ No. shares of common stock outstanding
= (847,000,000 + 564,900,000 + 372,900,000 + 695,600,000)
÷ 259,183,053 = 9.57
3 Closing price as at the filing date of Sherwin-Williams Co. Quarterly or Annual Report.
4 Q2 2022 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 231.97 ÷ 9.57 = 24.24
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/OP ratio | Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. | Sherwin-Williams Co. P/OP ratio increased from Q4 2021 to Q1 2022 but then decreased significantly from Q1 2022 to Q2 2022. |
Price to Sales (P/S)
Sherwin-Williams Co., historical P/S calculation (quarterly data)
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 259,183,053 | 260,131,306 | 260,373,774 | 262,196,196 | 263,302,451 | 265,949,600 | 268,805,607 | 272,473,518 | 273,148,974 | 272,400,000 | 276,683,112 | 276,927,720 | 276,769,044 | 276,948,606 | 278,154,810 | 280,878,951 | 280,143,066 | 280,637,067 | 281,981,373 | 280,541,748 | 280,230,507 | 279,384,912 | |||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||
| Net sales (in thousands) | 5,872,300) | 4,998,700) | 4,762,100) | 5,146,700) | 5,379,800) | 4,656,000) | 4,488,800) | 5,122,200) | 4,604,000) | 4,146,700) | 4,114,429) | 4,867,650) | 4,877,860) | 4,040,861) | 4,064,221) | 4,731,470) | 4,773,796) | 3,965,006) | 3,979,564) | 4,507,020) | 3,735,817) | 2,761,387) | |||||||
| Sales per share2 | 80.17 | 77.99 | 76.60 | 75.03 | 74.62 | 70.96 | 68.31 | 66.01 | 64.92 | 66.10 | 64.70 | 64.46 | 64.00 | 63.59 | 63.04 | 62.13 | 61.49 | 57.68 | 53.14 | 0.00 | 0.00 | 0.00 | |||||||
| Share price1, 3 | 231.97 | 271.37 | 267.22 | 316.02 | 287.72 | 268.96 | 238.97 | 224.49 | 211.18 | 179.62 | 191.11 | 188.96 | 167.04 | 150.43 | 146.63 | 122.67 | 145.76 | 124.24 | 132.73 | 130.85 | 116.87 | 108.20 | |||||||
| Valuation Ratio | |||||||||||||||||||||||||||||
| P/S ratio4 | 2.89 | 3.48 | 3.49 | 4.21 | 3.86 | 3.79 | 3.50 | 3.40 | 3.25 | 2.72 | 2.95 | 2.93 | 2.61 | 2.37 | 2.33 | 1.97 | 2.37 | 2.15 | 2.50 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| P/S Ratio, Competitors5 | |||||||||||||||||||||||||||||
| Linde plc | 4.53 | 4.96 | 4.84 | 5.50 | 5.48 | 5.56 | 4.83 | 4.85 | 4.73 | 3.46 | 3.74 | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Data adjusted for splits and stock dividends.
2 Q2 2022 Calculation
Sales per share
= (Net salesQ2 2022
+ Net salesQ1 2022
+ Net salesQ4 2021
+ Net salesQ3 2021)
÷ No. shares of common stock outstanding
= (5,872,300,000 + 4,998,700,000 + 4,762,100,000 + 5,146,700,000)
÷ 259,183,053 = 80.17
3 Closing price as at the filing date of Sherwin-Williams Co. Quarterly or Annual Report.
4 Q2 2022 Calculation
P/S ratio = Share price ÷ Sales per share
= 231.97 ÷ 80.17 = 2.89
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/S ratio | An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. | Sherwin-Williams Co. P/S ratio decreased from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022. |
Price to Book Value (P/BV)
Sherwin-Williams Co., historical P/BV calculation (quarterly data)
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 259,183,053 | 260,131,306 | 260,373,774 | 262,196,196 | 263,302,451 | 265,949,600 | 268,805,607 | 272,473,518 | 273,148,974 | 272,400,000 | 276,683,112 | 276,927,720 | 276,769,044 | 276,948,606 | 278,154,810 | 280,878,951 | 280,143,066 | 280,637,067 | 281,981,373 | 280,541,748 | 280,230,507 | 279,384,912 | |||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||
| Shareholders’ equity (in thousands) | 2,224,600) | 2,234,300) | 2,437,200) | 2,690,300) | 2,840,400) | 3,078,700) | 3,610,800) | 4,207,300) | 3,869,900) | 3,289,100) | 4,123,300) | 4,022,860) | 3,747,482) | 3,460,061) | 3,730,745) | 3,974,839) | 3,747,089) | 3,690,046) | 3,692,188) | 2,740,989) | 2,391,260) | 2,065,350) | |||||||
| Book value per share (BVPS)2 | 8.58 | 8.59 | 9.36 | 10.26 | 10.79 | 11.58 | 13.43 | 15.44 | 14.17 | 12.07 | 14.90 | 14.53 | 13.54 | 12.49 | 13.41 | 14.15 | 13.38 | 13.15 | 13.09 | 9.77 | 8.53 | 7.39 | |||||||
| Share price1, 3 | 231.97 | 271.37 | 267.22 | 316.02 | 287.72 | 268.96 | 238.97 | 224.49 | 211.18 | 179.62 | 191.11 | 188.96 | 167.04 | 150.43 | 146.63 | 122.67 | 145.76 | 124.24 | 132.73 | 130.85 | 116.87 | 108.20 | |||||||
| Valuation Ratio | |||||||||||||||||||||||||||||
| P/BV ratio4 | 27.03 | 31.59 | 28.55 | 30.80 | 26.67 | 23.23 | 17.79 | 14.54 | 14.91 | 14.88 | 12.82 | 13.01 | 12.34 | 12.04 | 10.93 | 8.67 | 10.90 | 9.45 | 10.14 | 13.39 | 13.70 | 14.64 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| P/BV Ratio, Competitors5 | |||||||||||||||||||||||||||||
| Linde plc | 3.73 | 3.67 | 3.38 | 3.69 | 3.47 | 3.34 | 2.78 | 2.84 | 2.83 | 2.17 | 2.15 | 2.26 | 2.05 | 1.93 | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Data adjusted for splits and stock dividends.
2 Q2 2022 Calculation
BVPS = Shareholders’ equity ÷ No. shares of common stock outstanding
= 2,224,600,000 ÷ 259,183,053 = 8.58
3 Closing price as at the filing date of Sherwin-Williams Co. Quarterly or Annual Report.
4 Q2 2022 Calculation
P/BV ratio = Share price ÷ BVPS
= 231.97 ÷ 8.58 = 27.03
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/BV ratio | The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. | Sherwin-Williams Co. P/BV ratio increased from Q4 2021 to Q1 2022 but then decreased significantly from Q1 2022 to Q2 2022. |