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PPG Industries Inc (PPG)


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Upturn Advisory Summary
10/15/2025: PPG (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $124
1 Year Target Price $124
7 | Strong Buy |
2 | Buy |
17 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -20.94% | Avg. Invested days 33 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 22.92B USD | Price to earnings Ratio 18.37 | 1Y Target Price 124 |
Price to earnings Ratio 18.37 | 1Y Target Price 124 | ||
Volume (30-day avg) 26 | Beta 1.15 | 52 Weeks Range 89.08 - 128.11 | Updated Date 10/17/2025 |
52 Weeks Range 89.08 - 128.11 | Updated Date 10/17/2025 | ||
Dividends yield (FY) 2.69% | Basic EPS (TTM) 5.53 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 6.46% | Operating Margin (TTM) 15.23% |
Management Effectiveness
Return on Assets (TTM) 6.05% | Return on Equity (TTM) 16.56% |
Valuation
Trailing PE 18.37 | Forward PE 12.24 | Enterprise Value 29913164000 | Price to Sales(TTM) 1.47 |
Enterprise Value 29913164000 | Price to Sales(TTM) 1.47 | ||
Enterprise Value to Revenue 1.91 | Enterprise Value to EBITDA 11.99 | Shares Outstanding 225700000 | Shares Floating 224948419 |
Shares Outstanding 225700000 | Shares Floating 224948419 | ||
Percent Insiders 0.14 | Percent Institutions 88.26 |
Upturn AI SWOT
PPG Industries Inc

Company Overview
History and Background
PPG Industries was founded in 1883 as Pittsburgh Plate Glass Company by Captain John B. Ford and John Pitcairn, Jr. Originally focused on plate glass production, PPG diversified into coatings, paints, and specialty materials over the years through acquisitions and organic growth.
Core Business Areas
- Performance Coatings: Provides coatings and finishes for automotive, aerospace, industrial, and packaging applications.
- Industrial Coatings: Supplies coatings for various industrial products, including appliances, electronics, and transportation equipment.
- Architectural Coatings: Manufactures and sells paints, stains, and related products for residential and commercial construction, mainly under the brand name Glidden and PPG Paint.
Leadership and Structure
Tim Knavish serves as the Chairman and Chief Executive Officer. The company operates with a global functional structure with regional business units focusing on specific geographic markets.
Top Products and Market Share
Key Offerings
- Automotive OEM Coatings: Coatings used on cars and trucks during manufacturing. PPG has a significant market share in this segment, competing with Axalta and BASF. Market share estimated at 20% of the global automotive coatings market. Difficult to obtain precise revenue figures per product line. Key competitors include Axalta (AXTA), BASF (BASFY) and Nippon Paint.
- Aerospace Coatings: Coatings for commercial, military, and general aviation aircraft. PPG faces competition from AkzoNobel and Sherwin-Williams. While market share data is not readily available, this segment is a substantial contributor to PPG's revenues. Key competitors include AkzoNobel (AKZOY) and Sherwin-Williams (SHW).
- Architectural Paints (Glidden, PPG Paints): Paints and coatings for residential and commercial buildings, sold through retail channels and directly to contractors. PPG competes with Sherwin-Williams, Benjamin Moore, and Behr. Market share varies regionally but PPG is a major player. Revenue from architectural paints is significant, but not separately reported. Key competitors include Sherwin-Williams (SHW) and Masco Corp. (MAS).
Market Dynamics
Industry Overview
The coatings industry is influenced by economic growth, construction activity, automotive production, and regulatory standards regarding environmental protection. The industry is consolidating, with major players acquiring smaller companies to expand their product portfolios and geographic reach.
Positioning
PPG is one of the world's largest coatings companies, with a strong presence in various end markets. Its competitive advantage lies in its global scale, technological expertise, diverse product portfolio, and established customer relationships.
Total Addressable Market (TAM)
The global paints and coatings market is expected to reach approximately $200 billion by 2027. PPG is well-positioned to capture a significant portion of this TAM through its diverse product offerings and global presence.
Upturn SWOT Analysis
Strengths
- Global scale and reach
- Diverse product portfolio
- Strong R&D capabilities
- Established customer relationships
- Leading market positions in several segments
Weaknesses
- Exposure to cyclical industries
- Dependence on raw material prices
- Integration challenges from acquisitions
- Potential for environmental liabilities
Opportunities
- Growing demand for sustainable coatings
- Expansion in emerging markets
- Development of new technologies
- Acquisitions of complementary businesses
Threats
- Economic downturns
- Intense competition
- Fluctuations in raw material prices
- Stringent environmental regulations
- Disruptive technologies
Competitors and Market Share
Key Competitors
- SHW
- AXTA
- RPM
Competitive Landscape
PPG is a global leader with a diverse product portfolio. Sherwin-Williams is the largest player focusing primarily on architectural coatings. Axalta is a leading player in performance coatings. RPM is a specialty coatings company.
Major Acquisitions
Tikkurila
- Year: 2021
- Acquisition Price (USD millions): 1.64
- Strategic Rationale: Expanded PPG's architectural coatings business in Europe and strengthened its presence in the Nordic region and Russia. Value is in billions, not millions
VersaFlex
- Year: 2021
- Acquisition Price (USD millions): 195
- Strategic Rationale: Adds complementary protective coatings to PPG's product line.
Growth Trajectory and Initiatives
Historical Growth: PPG has grown organically and through acquisitions. Revenue growth has been moderate but consistent over the long term. Profitability has improved due to cost-cutting initiatives and product mix improvements.
Future Projections: Analysts project moderate revenue growth for PPG, driven by continued demand for coatings and acquisitions. EPS is expected to grow at a faster pace due to margin improvements and share repurchases.
Recent Initiatives: PPG has focused on expanding its presence in emerging markets, developing sustainable coatings, and acquiring complementary businesses.
Summary
PPG Industries is a well-established coatings company with a global presence and a diverse product portfolio. Its strengths lie in its scale, R&D capabilities, and established customer relationships. However, PPG faces challenges from economic cycles, raw material price fluctuations, and intense competition. Overall, PPG is a strong company with a solid market position, but it needs to continue to innovate and adapt to changing market conditions.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings (10-K, 10-Q)
- Investor Relations Materials
- Market Research Reports
- Financial News Outlets
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market conditions and company performance can change rapidly, and past performance is not indicative of future results. Conduct thorough due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About PPG Industries Inc
Exchange NYSE | Headquaters Pittsburgh, PA, United States | ||
IPO Launch date 1983-04-06 | CEO & Chairman Mr. Timothy M. Knavish | ||
Sector Basic Materials | Industry Specialty Chemicals | Full time employees 46000 | Website https://www.ppg.com |
Full time employees 46000 | Website https://www.ppg.com |
PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through three segments: Global Architectural Coatings, Performance Coatings, and Industrial Coatings. The Global Architectural Coatings segment offers paints, wood stains, adhesives, sealants, and purchased sundries for painting and maintenance contractors and consumers. The Performance Coatings segment offers coatings, sealants, transparencies, adhesives, engineered materials, packaging, and chemical management services for aerospace industry; coatings, solvents, adhesives, sealants, purchased sundries, digital solutions and paint films for automotive and commercial transport industries; coatings and finishes for protection of metals and structures; and paints, thermoplastics, raised pavement markers, and other pavement marking technologies for government, commercial infrastructure, painting, and maintenance contractors. The Industrial Coatings segment provides coatings, adhesives and sealants, metal pretreatments, and paint films, as well as technical services and coatings applications for automotive original equipment manufacturers, tier supplier, appliances, agricultural and construction equipment, consumer electronics, automotive parts and accessories, building products, kitchenware, and transportation vehicles and other finished products; and on-site coatings services. It also offers coatings for metal cans, closures, plastic and aluminum tubes for food, beverage and personal care, promotional, and specialty packaging; TESLIN substrates for labels, e-passports, drivers' licenses, breathable membranes, and loyalty and identification cards; and organic light emitting diode materials, displays and lighting lens materials, optical lenses, color-change products, and photochromic dyes. The company was incorporated in 1883 and is based in Pittsburgh, Pennsylvania.

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