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Sherwin-Williams Co (BSP:S1HW34) Cyclically Adjusted PB Ratio : 27.08 (As of May. 23, 2024)


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What is Sherwin-Williams Co Cyclically Adjusted PB Ratio?

As of today (2024-05-23), Sherwin-Williams Co's current share price is R$158.71. Sherwin-Williams Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was R$5.86. Sherwin-Williams Co's Cyclically Adjusted PB Ratio for today is 27.08.

The historical rank and industry rank for Sherwin-Williams Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

BSP:S1HW34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 12.2   Med: 22.89   Max: 37.74
Current: 26.16

During the past years, Sherwin-Williams Co's highest Cyclically Adjusted PB Ratio was 37.74. The lowest was 12.20. And the median was 22.89.

BSP:S1HW34's Cyclically Adjusted PB Ratio is ranked worse than
99.09% of 1094 companies
in the Chemicals industry
Industry Median: 1.665 vs BSP:S1HW34: 26.16

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Sherwin-Williams Co's adjusted book value per share data for the three months ended in Mar. 2024 was R$6.881. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is R$5.86 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sherwin-Williams Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Sherwin-Williams Co's Cyclically Adjusted PB 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.

* Premium members only.

Sherwin-Williams Co Cyclically Adjusted PB Ratio Chart

Sherwin-Williams Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.29 29.40 37.35 22.86 27.43

Sherwin-Williams Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.03 24.22 22.70 27.43 29.58

Competitive Comparison of Sherwin-Williams Co's Cyclically Adjusted PB Ratio

For the Specialty Chemicals subindustry, Sherwin-Williams Co's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sherwin-Williams Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Sherwin-Williams Co's Cyclically Adjusted PB Ratio falls into.



Sherwin-Williams Co Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Sherwin-Williams Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=158.71/5.86
=27.08

* 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's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Sherwin-Williams Co's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=6.881/131.7762*131.7762
=6.881

Current CPI (Mar. 2024) = 131.7762.

Sherwin-Williams Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.158 100.560 1.517
201409 1.097 100.428 1.439
201412 0.927 99.070 1.233
201503 0.527 99.621 0.697
201506 0.843 100.684 1.103
201509 1.364 100.392 1.790
201512 1.217 99.792 1.607
201603 1.334 100.470 1.750
201606 1.543 101.688 2.000
201609 1.865 101.861 2.413
201612 2.258 101.863 2.921
201703 2.312 102.862 2.962
201706 2.812 103.349 3.585
201709 3.061 104.136 3.873
201712 4.268 104.011 5.407
201803 4.311 105.290 5.395
201806 5.044 106.317 6.252
201809 5.814 106.507 7.193
201812 5.186 105.998 6.447
201903 4.798 107.251 5.895
201906 5.221 108.070 6.366
201909 5.984 108.329 7.279
201912 6.122 108.420 7.441
202003 5.900 108.902 7.139
202006 7.351 108.767 8.906
202009 8.338 109.815 10.005
202012 6.914 109.897 8.291
202103 6.523 111.754 7.692
202106 5.425 114.631 6.236
202109 5.417 115.734 6.168
202112 5.278 117.630 5.913
202203 4.274 121.301 4.643
202206 4.333 125.017 4.567
202209 5.256 125.227 5.531
202212 6.286 125.222 6.615
202303 6.396 127.348 6.618
202306 6.854 128.729 7.016
202309 7.293 129.860 7.401
202312 7.153 129.419 7.283
202403 6.881 131.776 6.881

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Sherwin-Williams Co  (BSP:S1HW34) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Sherwin-Williams Co Cyclically Adjusted PB Ratio Related Terms

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Sherwin-Williams Co (BSP:S1HW34) Business Description

Traded in Other Exchanges
Address
101 West Prospect Avenue, Cleveland, OH, USA, 44115-1075
Sherwin-Williams is the largest provider of architectural paint in the United States. The company has over 4,900 stores and sells premium paint at higher price points than most competitors. Sherwin-Williams also sells paint-related products in big-box stores and provides coatings for original equipment manufacturers.

Sherwin-Williams Co (BSP:S1HW34) Headlines

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