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SHW.NYSE
The Sherwin-Williams
Materials · Specialty Chemicals

Paints and coatings company developing, manufacturing, distributing, and selling coatings and related products.

HQ: United StatesListed: United States

Historical AI Opinions

Audit every published iPulse AI forecast batch and immutable historical research document for The Sherwin-Williams.

The Sherwin-Williams Company (SHW.NYSE) AI OPINIONS & ADVISOR ANALYSIS

Read and compare the 14 individual AI Advisor deep-dive reports, including their forecast paths, ratings, price targets, and reasoning.

Updated on 20 September 2026Deep analysis 20 September 2026

25 min readAudit All Past Forecasts

1. Investment Thesis — Base Case

The central tension is that Sherwin's two problems share one cause. Brent near $104 inflates resins and simultaneously keeps the 10-year near 5%, which freezes the home transactions that drive repaint volume. Energy normalisation therefore fixes both, but not at the same speed: costs relieve within quarters, housing within years. The base case assumes price discipline holds, troughs in 2027 and recovers through 2029, volumes improve only modestly, and roughly 3% of shares retire annually. Investors are paid low-double-digit on a multiple that has already de-rated from 33.7x to 29.5x trailing, with little further compression assumed.

  • FY2026 adjusted guidance of $11.80-$12.20 compounding near 10% annually implies roughly $18-19 by 2031.
  • At a 26-27x exit multiple, that supports a share price near $515, below today's de-rated rating.
  • Cross-check: $79.3bn market cap on $3.21bn TTM ; fewer shares magnify per-share cash.

Historical prices and published forecast

Historical prices and published forecastObserved prices and the selected advisor's published projection share a split-adjusted price basis. Prices after the forecast start are later observations, not information known at publication. Forecasts are uncertain. Values in USD.174.71267.34359.98452.61545.25Sep 2021Mar 2024Sep 2026Mar 2029Sep 2031Forecast starts
  • Observed price
  • Published advisor forecast
Observed prices and the selected advisor's published projection share a split-adjusted price basis. Prices after the forecast start are later observations, not information known at publication. Forecasts are uncertain. Values in USD.
View chart values
Historical prices and published forecast — published chart values
SeriesDateValue (USD)
Observed price2021-09-17294
Observed price2021-09-30280
Observed price2021-10-13290
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Observed price2026-09-25329
Published advisor forecast2026-09-18321
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Published advisor forecast2027-03-18317
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Published advisor forecast2027-12-18354
Published advisor forecast2028-03-18364
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Published advisor forecast2029-03-18406
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Published advisor forecast2030-12-18480
Published advisor forecast2031-03-18490
Published advisor forecast2031-06-18504
Published advisor forecast2031-09-18514

2. Scenarios & Signals

Bull case

The bull case activates when the crude premium collapses while the 8% list price stays in the market. pushes past 52% exactly as it did after 2022, and the same disinflation drags the 10-year under 4%, cutting mortgages below 6% and releasing the lock-in into Paint Stores Group. Volume leverage on a fixed store network then compounds the pricing windfall, approaches $22 by 2031, and the multiple recovers toward 29x. Shares roughly double.

Bear case

The bear case activates if a third year of sub-4m home sales collides with unrecovered . Contractors defer projects, the September increase is quietly rebated, and Paint Stores Group same-store sales turn negative during 2027. falls below $2.5bn just as leverage sits at 2.4x, forcing the buyback, the main per-share engine, to slow. The market then reprices Sherwin as a cyclical distributor near 20x, and the shares fall toward $250.

Current crowd narrative

The consensus treats Sherwin-Williams as a bond-proxy that always wins: 58% of 38 analysts rate it Buy with an average target near $391.50 against a $321 tape [21]. The anchoring bias is the pre-2024 multiple. Sell-side models still assume a low-30s P/E returns once housing normalises, while the stock has quietly been flat all year against a 10% index gain.

Alpha-gap assessment

The crowd modestly underestimates these shares, implying mild underpricing. The blind spot is asymmetry in coatings pricing: analysts treat the 1 September 8% increase as a cost pass-through that reverses, when the 2021-23 record shows Sherwin retained price after resin deflation, lifting 680 basis points [7][8]. Meanwhile the housing drag is fully visible and fully priced at a de-rated 25x forward. Investors are paying for stalled volumes while receiving a free option on margin recapture plus a 3.3% buyback yield.

Convergence catalyst

The 27 October 2026 print is the first clean read on whether the September increase sticks. Paint Stores Group same-store sales holding above roughly 3% with stable would prove price is being taken without volume destruction; the first observable repricing is on unchanged guidance.

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