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PPG 
PPG Industries Inc (PPG)
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Upturn Advisory Summary
12/05/2025: PPG (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
26 Analysts rated it
Well-followed company, solid analyst reports, reliable data for confident investing.
1 Year Target Price $118.45
1 Year Target Price $118.45
| 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  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/05/2025 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 22.80B USD | Price to earnings Ratio 18.07 | 1Y Target Price 118.45 |
Price to earnings Ratio 18.07 | 1Y Target Price 118.45 | ||
Volume (30-day avg) 26 | Beta 1.16 | 52 Weeks Range 88.43 - 123.27 | Updated Date 12/7/2025 |
52 Weeks Range 88.43 - 123.27 | Updated Date 12/7/2025 | ||
Dividends yield (FY) 2.73% | Basic EPS (TTM) 5.59 |
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 6.35% | Operating Margin (TTM) 14.16% |
Management Effectiveness
Return on Assets (TTM) 6.03% | Return on Equity (TTM) 16.16% |
Valuation
Trailing PE 18.07 | Forward PE 12.24 | Enterprise Value 28677132000 | Price to Sales(TTM) 1.45 |
Enterprise Value 28677132000 | Price to Sales(TTM) 1.45 | ||
Enterprise Value to Revenue 1.83 | Enterprise Value to EBITDA 11.52 | Shares Outstanding 224400000 | Shares Floating 223917540 |
Shares Outstanding 224400000 | Shares Floating 223917540 | ||
Percent Insiders 0.14 | Percent Institutions 88.74 |
Upturn AI SWOT
PPG Industries Inc
Company Overview
History and Background
PPG Industries Inc. was founded in 1883 as Pittsburgh Plate Glass Company by Captain John B. Ford and John Pitcairn Jr. It was a pioneer in the mass production of high-quality, flat glass. Over its history, PPG has evolved significantly, diversifying into paints, coatings, and specialty materials. Key milestones include its expansion into automotive coatings in the 1930s, diversification into aerospace and industrial coatings, and numerous strategic acquisitions that have broadened its product portfolio and global reach. The company rebranded to PPG Industries Inc. in 1968 to reflect its broader diversification.
Core Business Areas
- Performance Coatings: This segment offers a wide range of paints and coatings for architectural, industrial, automotive refinish, and packaging applications. Products include decorative paints for homes, protective coatings for industrial infrastructure, and coatings for automotive repair and maintenance.
- Industrial Coatings: This segment provides coatings and sealants for a variety of industrial applications, including automotive OEM (original equipment manufacturer), aerospace, industrial metals, and packaging. Products include primers, basecoats, clearcoats, and specialized sealants designed for durability and aesthetic appeal.
- Aerospace: PPG is a leading global supplier of coatings and sealants for the aerospace industry. This includes coatings for aircraft exteriors and interiors, as well as specialized sealants for various aircraft components, meeting stringent performance and safety requirements.
- Automotive OEM Coatings: PPG supplies a comprehensive portfolio of coatings to automotive manufacturers for new vehicles. This includes advanced paint systems that enhance vehicle appearance, durability, and fuel efficiency.
Leadership and Structure
PPG Industries Inc. is led by a Board of Directors and an executive leadership team. The current Chairman and CEO is Howard E. Heckes. The company operates with a global structure, organized by business segments and geographic regions to serve its diverse customer base.
Top Products and Market Share
Key Offerings
- Architectural Coatings (e.g., PPG Paints, Glidden): PPG's architectural coatings are used for residential and commercial buildings. They offer a wide array of paints, stains, and primers. Competitors include Sherwin-Williams, AkzoNobel, and Masco Corporation. Market share data for specific brands is proprietary but PPG is a significant player in this segment globally.
- Automotive OEM Coatings: PPG provides advanced coatings for new vehicles to major automotive manufacturers. Key competitors include Axalta Coating Systems, BASF, and Sherwin-Williams Automotive. PPG holds a strong position in this market globally.
- Aerospace Coatings: PPG is a leading supplier of coatings for commercial, military, and general aviation aircraft. Major competitors in this niche market include AkzoNobel, Sherwin-Williams, and PPG's own specialty chemicals divisions.
- Industrial Coatings: This category encompasses coatings for a broad range of industrial applications, from metal finishing to packaging. Key competitors include Sherwin-Williams, AkzoNobel, and Axalta Coating Systems.
Market Dynamics
Industry Overview
The paints and coatings industry is a large and mature market driven by construction, automotive production, industrial manufacturing, and aerospace. Growth is influenced by global economic conditions, infrastructure spending, and consumer confidence. The industry is characterized by intense competition, a focus on innovation, sustainability, and the development of specialized, high-performance products.
Positioning
PPG Industries Inc. is a global leader in the paints and coatings industry, known for its broad product portfolio, strong brand recognition, and extensive distribution network. Its competitive advantages include its technological innovation, global manufacturing footprint, long-standing customer relationships, and a consistent strategy of strategic acquisitions to expand its market reach and product offerings.
Total Addressable Market (TAM)
The global paints and coatings market is substantial, estimated to be over $160 billion USD and projected to grow at a CAGR of around 4-5%. PPG Industries Inc. is a significant player within this TAM, with a strong presence in North America, Europe, and Asia-Pacific. The company's diversified product lines and global reach allow it to capture a meaningful portion of this market.
Upturn SWOT Analysis
Strengths
- Strong global brand recognition and reputation.
- Diversified product portfolio serving multiple end markets.
- Extensive research and development capabilities, driving innovation.
- Global manufacturing and distribution network.
- Proven track record of successful acquisitions and integrations.
- Commitment to sustainability and eco-friendly products.
Weaknesses
- Exposure to cyclicality in key end markets like automotive and construction.
- Potential for raw material price volatility impacting margins.
- Integration risks associated with ongoing acquisitions.
- Intense competition leading to pricing pressures.
Opportunities
- Growth in emerging markets, particularly in Asia and Latin America.
- Increasing demand for sustainable and low-VOC (volatile organic compound) coatings.
- Expansion into higher-growth segments such as aerospace and specialty industrial coatings.
- Leveraging digital technologies for customer engagement and supply chain optimization.
- Further consolidation within the fragmented coatings industry through strategic M&A.
Threats
- Global economic slowdowns impacting demand for coatings.
- Increasing regulatory scrutiny and environmental standards.
- Disruptions in global supply chains.
- Intensifying competition from both global players and regional specialists.
- Geopolitical instability affecting raw material sourcing and market access.
Competitors and Market Share
Key Competitors
- The Sherwin-Williams Company (SHW)
- AkzoNobel N.V. (AKZA.AS)
- Axalta Coating Systems Ltd. (AXTA)
- Nippon Paint Holdings Co., Ltd. (4612.T)
- Masco Corporation (MAS)
Competitive Landscape
PPG benefits from its scale, global reach, and diversified portfolio. Sherwin-Williams is a strong competitor, particularly in architectural coatings in North America. AkzoNobel is a major global player with a strong presence in Europe and Asia. Axalta is a key competitor in automotive and industrial coatings. PPG's competitive advantage lies in its innovation pipeline, extensive distribution channels, and a proven ability to integrate acquisitions successfully.
Major Acquisitions
Tikkurila Oyj
- Year: 2021
- Acquisition Price (USD millions): 1793
- Strategic Rationale: Acquired to expand PPG's presence in decorative paints and coatings in Northern Europe and Russia, complementing its existing portfolio and providing access to new markets and brands.
Smith & Associates
- Year: 2023
- Acquisition Price (USD millions): 100
- Strategic Rationale: Strengthens PPG's coatings distribution network and expands its offering in specific industrial segments.
Growth Trajectory and Initiatives
Historical Growth: PPG has achieved consistent historical growth through a combination of organic expansion, product innovation, and a proactive acquisition strategy. The company has successfully diversified its revenue streams, moving from its origins in glass to becoming a global leader in coatings and specialty materials.
Future Projections: Analyst projections for PPG's future growth typically range from 4-7% annually, driven by continued demand in key sectors, strategic acquisitions, and the introduction of new, high-performance products. Growth in emerging markets and sustainability-focused solutions are expected to be key drivers.
Recent Initiatives: Recent strategic initiatives include ongoing integration of acquired businesses (e.g., Tikkurila, a Finnish coatings company), investments in capacity expansion, and a focus on digital transformation to enhance customer experience and operational efficiency. PPG is also actively pursuing R&D in areas like advanced materials and sustainable coatings.
Summary
PPG Industries Inc. is a well-established global leader in the paints and coatings industry, demonstrating consistent growth through organic expansion and strategic acquisitions. Its diversified product portfolio, strong R&D, and broad market reach are significant strengths. While susceptible to economic cycles and raw material cost fluctuations, PPG is well-positioned to capitalize on opportunities in emerging markets and sustainable solutions. Continued focus on innovation and operational efficiency will be crucial for navigating competitive pressures and maintaining its strong market standing.
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Sources and Disclaimers
Data Sources:
- PPG Industries Inc. Investor Relations
- Company Annual Reports (10-K)
- Financial News Outlets (e.g., Bloomberg, Reuters)
- Market Research Reports
- Industry Analysis Websites
Disclaimers:
This JSON output is for informational purposes only and does not constitute financial advice. Data may be subject to change and may not be fully comprehensive. Users are advised to conduct their own due diligence and consult with a qualified financial professional before making any investment decisions. Market share percentages are estimates and may vary depending on the 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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