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PPG logo PPG
Upturn stock rating
PPG logo

PPG Industries Inc (PPG)

Upturn stock rating
$99.56
Last Close (24-hour delay)
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PASS
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Upturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
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Upturn Advisory Summary

10/15/2025: PPG (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

26 Analysts rated it

Well-followed company, solid analyst reports, reliable data for confident investing.

1 Year Target Price $124

1 Year Target Price $124

Analysts Price Target For last 52 week
$124 Target price
52w Low $89.08
Current$99.56
52w High $128.11

Analysis of Past Performance

Type Stock
Historic Profit -20.94%
Avg. Invested days 33
Today’s Advisory PASS
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulation Last Close 10/15/2025

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

ai summary icon Upturn AI SWOT

PPG Industries Inc

stock logo

Company Overview

overview logo 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.

business area logo 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 logo 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

overview logo 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 logo 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

competitor logo 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.

Upturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI Summarization 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
Full time employees 46000

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.