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PPG Industries Inc (PPG)

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Upturn Advisory Summary
01/09/2026: PPG (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $118.85
1 Year Target Price $118.85
| 7 | Strong Buy |
| 2 | Buy |
| 17 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -17.98% | Avg. Invested days 31 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 24.24B USD | Price to earnings Ratio 19.21 | 1Y Target Price 118.85 |
Price to earnings Ratio 19.21 | 1Y Target Price 118.85 | ||
Volume (30-day avg) 26 | Beta 1.16 | 52 Weeks Range 88.43 - 121.53 | Updated Date 01/9/2026 |
52 Weeks Range 88.43 - 121.53 | Updated Date 01/9/2026 | ||
Dividends yield (FY) 2.61% | 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 19.21 | Forward PE 13.07 | Enterprise Value 29635320000 | Price to Sales(TTM) 1.55 |
Enterprise Value 29635320000 | Price to Sales(TTM) 1.55 | ||
Enterprise Value to Revenue 1.89 | Enterprise Value to EBITDA 11.9 | Shares Outstanding 224400000 | Shares Floating 223915296 |
Shares Outstanding 224400000 | Shares Floating 223915296 | ||
Percent Insiders 0.14 | Percent Institutions 88.76 |
Upturn AI SWOT
PPG Industries Inc

Company Overview
History and Background
PPG Industries Inc., originally Pittsburgh Plate Glass Company, was founded in 1883 by Captain John B. Ford and John Pitcairn Jr. in Pittsburgh, Pennsylvania. It was a pioneer in the mass production of high-quality, flat glass. Over its history, PPG has evolved into a global leader in paints, coatings, and specialty materials, expanding through both organic growth and strategic acquisitions. Key milestones include its diversification into automotive coatings, aerospace coatings, and architectural paints, establishing a strong presence in diverse end markets.
Core Business Areas
- Performance Coatings: This segment is a leading global supplier of paints and coatings for automotive refinish, industrial, packaging, and architectural applications. Products include automotive repair paints, industrial coatings for various substrates, coatings for beverage and food cans, and a wide range of paints and stains for residential and commercial buildings.
- Industrial Coatings: This segment provides coatings for a broad range of industrial applications, including automotive OEM (original equipment manufacturer) coatings, industrial coatings for machinery and equipment, coil coatings for metal building products, and protective coatings for marine and infrastructure projects. It also encompasses coatings for durable goods like appliances and electronics.
- Packaging Coatings: This segment is a major supplier of coatings and finishes for metal food and beverage cans, offering solutions for both interior and exterior protection and decoration.
- Specialty Materials: This segment develops and manufactures advanced materials such as optical products (e.g., spectacle lenses), silicas, and other specialty chemicals used in various industries, including automotive, construction, and consumer goods.
Leadership and Structure
PPG Industries Inc. is led by a Board of Directors and a senior executive management team, with the CEO at the helm. The company operates through a divisional structure aligned with its core business segments, allowing for specialized focus and market responsiveness.
Top Products and Market Share
Key Offerings
- Automotive OEM Coatings: PPG is a top global supplier of automotive OEM coatings, providing a full spectrum of finishes from primers to clearcoats for car manufacturers. Competitors include Sherwin-Williams, Axalta Coating Systems, and Nippon Paint.
- Automotive Refinish Coatings: This includes a comprehensive range of paints, primers, and clearcoats for the automotive aftermarket and collision repair industry. Key brands like PPG, Nexa Autocolor, and Vibrance Collection are widely recognized. Competitors include Sherwin-Williams (through its Finishmaster brand), Axalta Coating Systems, and BASF.
- Architectural Coatings: PPG offers a vast portfolio of paints, stains, and coatings for residential and commercial buildings under brands such as PPG Paints, Glidden, and Olympic. Competitors include Sherwin-Williams, Benjamin Moore (owned by Berkshire Hathaway), and AkzoNobel.
- Aerospace Coatings: PPG provides high-performance coatings for aircraft exteriors and interiors, including primers, topcoats, and sealants. Major competitors include AkzoNobel and Sherwin-Williams (through its Valspar acquisition).
- Industrial Coatings: This category covers a wide array of coatings for diverse industrial applications, from appliances and electronics to metal packaging and general industrial machinery. Competitors vary by specific application but include Sherwin-Williams, AkzoNobel, and Axalta Coating Systems.
Market Dynamics
Industry Overview
The global paints and coatings industry is characterized by its cyclical nature, closely tied to construction, automotive production, and general economic activity. It is a highly competitive market with a significant focus on innovation, sustainability, and product performance. Key trends include the shift towards eco-friendly and low-VOC (volatile organic compound) products, advancements in protective and functional coatings, and consolidation through mergers and acquisitions.
Positioning
PPG Industries Inc. is a leading global player in the paints and coatings industry, known for its broad product portfolio, extensive geographic reach, and strong brand recognition. Its competitive advantages lie in its technological innovation, robust R&D capabilities, diverse end-market exposure, and integrated supply chain. The company's scale allows for significant economies of scale and a strong position in key growth markets.
Total Addressable Market (TAM)
The global paints and coatings market is substantial and projected to continue growing. While specific TAM figures vary by source and segmentation, it is estimated to be in the hundreds of billions of USD. PPG is well-positioned to capture a significant portion of this market due to its diversified product offerings, global presence, and strong relationships with customers across various industries.
Upturn SWOT Analysis
Strengths
- Global leadership position in paints and coatings.
- Diverse product portfolio serving multiple end markets.
- Strong brand recognition and customer loyalty.
- Extensive global manufacturing and distribution network.
- Commitment to innovation and R&D.
- Strong financial position and access to capital.
Weaknesses
- Vulnerability to raw material price fluctuations.
- Exposure to cyclical industries like construction and automotive.
- Potential challenges in integrating large acquisitions.
- Intense competition from both large multinational corporations and regional players.
Opportunities
- Growth in emerging markets.
- Increasing demand for sustainable and eco-friendly coatings.
- Expansion into high-growth segments like aerospace and specialty industrial coatings.
- Strategic acquisitions to broaden product lines or market reach.
- Leveraging digital technologies for enhanced customer engagement and operational efficiency.
Threats
- Economic downturns and recessions.
- Increased regulatory scrutiny and environmental compliance costs.
- Intensifying price competition.
- Disruptions in global supply chains.
- Geopolitical risks and trade barriers.
Competitors and Market Share
Key Competitors
- The Sherwin-Williams Company (SHW)
- Akzo Nobel N.V. (AKZA.AS - though primary listing is European, significant US presence)
- Axalta Coating Systems Ltd. (AXTA)
- Nippon Paint Holdings Co., Ltd. (4612.T - Japanese, but major global competitor)
- Masco Corporation (MAS - significant presence in architectural coatings)
Competitive Landscape
PPG faces intense competition from global giants like Sherwin-Williams and Akzo Nobel, as well as specialized players in niche markets. PPG's advantages include its broad product range, strong brand equity, and extensive distribution network. However, competitors often match innovation efforts, and regional players can offer competitive pricing. The industry is also subject to consolidation, which can alter the competitive landscape.
Major Acquisitions
TCI (The Coatings Company)
- Year: 2023
- Acquisition Price (USD millions): 700
- Strategic Rationale: This acquisition expanded PPG's portfolio of industrial coatings and coatings for metal packaging in North America and Europe, enhancing its market reach and product offerings in these key segments.
ACP (Advanced Chemical Products)
- Year: 2022
- Acquisition Price (USD millions): 150
- Strategic Rationale: The acquisition of ACP strengthened PPG's offering in specialty coatings for the automotive refinish market, providing new technologies and expanding its customer base.
Growth Trajectory and Initiatives
Historical Growth: PPG has demonstrated consistent historical growth, driven by organic expansion in its core segments, strategic pricing, and a series of well-executed acquisitions. The company has successfully diversified its revenue streams and expanded its global footprint over the past several decades.
Future Projections: Analyst estimates for PPG's future growth are generally positive, projecting continued expansion driven by innovation, penetration in emerging markets, and strategic acquisitions. The company is expected to benefit from the ongoing demand for advanced coatings in automotive, aerospace, and construction, as well as opportunities in sustainability-focused products.
Recent Initiatives: Recent initiatives by PPG Industries Inc. have focused on enhancing its global coatings portfolio, investing in sustainability solutions, digital transformation for improved customer experience, and driving operational efficiencies. The company has also been active in strategic acquisitions to strengthen its market position in specific segments.
Summary
PPG Industries Inc. is a robust global leader in paints and coatings, with a diversified portfolio and strong market positions. Its strengths lie in innovation, global reach, and consistent dividend growth. However, it faces challenges from raw material price volatility and cyclical market dependence. Strategic acquisitions and a focus on sustainable solutions are key to its continued success, while navigating intense competition and economic uncertainties remains crucial.
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Sources and Disclaimers
Data Sources:
- PPG Industries Inc. Investor Relations (Annual Reports, SEC Filings)
- Industry research reports from reputable financial analysis firms
- Financial news outlets and market data providers
Disclaimers:
This JSON output is based on publicly available information and industry analysis. It is intended for informational purposes only and does not constitute financial advice. Market share data is an estimation and can vary based on reporting methodology. Investors should conduct their own 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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