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PPG Industries Inc (PPG)



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Upturn Advisory Summary
08/14/2025: PPG (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $127.35
1 Year Target Price $127.35
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 25.23B USD | Price to earnings Ratio 20.22 | 1Y Target Price 127.35 |
Price to earnings Ratio 20.22 | 1Y Target Price 127.35 | ||
Volume (30-day avg) 26 | Beta 1.16 | 52 Weeks Range 89.08 - 133.97 | Updated Date 08/15/2025 |
52 Weeks Range 89.08 - 133.97 | Updated Date 08/15/2025 | ||
Dividends yield (FY) 2.43% | 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 2025-07-29 | When After Market | Estimate 2.22 | Actual 2.22 |
Profitability
Profit Margin 6.46% | Operating Margin (TTM) 14.14% |
Management Effectiveness
Return on Assets (TTM) 6.07% | Return on Equity (TTM) 16.56% |
Valuation
Trailing PE 20.22 | Forward PE 14.2 | Enterprise Value 31590115000 | Price to Sales(TTM) 1.61 |
Enterprise Value 31590115000 | Price to Sales(TTM) 1.61 | ||
Enterprise Value to Revenue 2.02 | Enterprise Value to EBITDA 12.66 | Shares Outstanding 225700000 | Shares Floating 224959704 |
Shares Outstanding 225700000 | Shares Floating 224959704 | ||
Percent Insiders 0.14 | Percent Institutions 88.33 |
Upturn AI SWOT
PPG Industries Inc

Company Overview
History and Background
PPG Industries was founded in 1883 as Pittsburgh Plate Glass Company in Pittsburgh, Pennsylvania. Initially focused on plate glass production, it evolved into a diversified coatings and specialty materials company. Key milestones include expansion into paints and coatings in the early 20th century and strategic acquisitions to broaden its portfolio.
Core Business Areas
- Performance Coatings: Supplies coatings and finishes for a variety of end uses, including automotive refinish, aerospace, and industrial applications.
- Industrial Coatings: Provides coatings and specialty materials for automotive OEMs, industrial applications, packaging, and other industrial sectors.
- Architectural Coatings: Manufactures and sells architectural coatings, paints, stains, and related products for residential and commercial markets. Primarily through company-owned stores and independent retailers.
Leadership and Structure
Michael H. McGarry serves as the Chairman and CEO. The company operates under a divisional structure, with each segment led by a senior executive team.
Top Products and Market Share
Key Offerings
- Architectural Coatings: Provides a broad range of architectural paints, stains, and specialty coatings for both residential and commercial projects. Key competitors include Sherwin-Williams and Benjamin Moore.
- Automotive Coatings: PPG is a major supplier of automotive coatings for both OEMs and aftermarket refinish. Market share is estimated at approximately 20-25% globally. Competitors include Axalta, BASF, and AkzoNobel.
- Aerospace Coatings: Develops and supplies coatings for commercial, military and general aviation aircraft. Competitors include AkzoNobel and Mankiewicz.
- Industrial Coatings: Offers a wide array of industrial coatings designed to protect and enhance products across various manufacturing sectors. Market share varies by sub-segment but is estimated at 15-20% overall. Competitors include Axalta, AkzoNobel and RPM International.
Market Dynamics
Industry Overview
The coatings industry is moderately cyclical and heavily influenced by economic conditions, construction activity, and automotive production. The industry is consolidating, with major players pursuing acquisitions to expand their portfolios.
Positioning
PPG is a leading global coatings manufacturer, known for its diverse product portfolio, technological innovation, and strong distribution network. The company's competitive advantages include its scale, global reach, and technical expertise.
Total Addressable Market (TAM)
The global coatings market is estimated to be over $170 billion. PPG is well-positioned to capture a significant share of this market due to its diverse product offerings and global presence.
Upturn SWOT Analysis
Strengths
- Global scale and reach
- Diversified product portfolio
- Strong R&D capabilities
- Established customer relationships
- Strong brand recognition
Weaknesses
- Exposure to cyclical industries
- High raw material costs
- Integration risks from acquisitions
- Dependence on specific geographies
Opportunities
- Growing demand for sustainable coatings
- Expansion into emerging markets
- Acquisitions of smaller competitors
- Innovation in specialty coatings
Threats
- Economic downturns
- Fluctuations in raw material prices
- Increasing competition
- Regulatory changes
- Disruptive technologies
Competitors and Market Share
Key Competitors
- SHW
- AXTA
- AKZA.AS
Competitive Landscape
PPG competes with other major coatings manufacturers based on product quality, price, innovation, and customer service. Its competitive advantages include its scale, global reach, and diversified product portfolio.
Major Acquisitions
Tikkurila
- Year: 2021
- Acquisition Price (USD millions): 1.68
- Strategic Rationale: Expanded PPG's presence in Northern Europe and strengthened its architectural coatings business.
Growth Trajectory and Initiatives
Historical Growth: PPG has grown both organically and through acquisitions. Recent growth has been influenced by global economic conditions and industry trends.
Future Projections: Analyst estimates suggest moderate growth for PPG, driven by demand for coatings in various end markets and strategic initiatives.
Recent Initiatives: Recent initiatives include investments in R&D, acquisitions to expand its product portfolio, and cost-cutting measures.
Summary
PPG Industries is a global coatings leader with a strong market position and diversified product portfolio. The company benefits from its scale, R&D capabilities, and established customer relationships. However, it faces challenges from cyclical industries, raw material costs, and increasing competition. Management should focus on innovation and expansion into high-growth markets to sustain long-term growth.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings
- Analyst reports
- Industry publications
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share data is approximate and may vary based on source and methodology.
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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