Earnings PerformanceSherwin-Williams reported earnings below expectations, driven by higher than anticipated SG&A expenses.
Market ConditionsThe downturn in commercial construction will be a persistent theme since paint sales typically lag the start of commercial construction by 12-24 months.
ValuationSHW trades at 30.4x P/E, above its 10Y average of 23.8x and 20Y average of 19.7x, indicating it is trading at a higher valuation compared to historical averages.