PPG Industries, Inc. (PPG) Stock

PPG Industries, Inc. (PPG) is a Materials stock trading at $115.31 (as of 2026-07-15), with a market capitalization of $25.70B and a trailing P/E of 15.4. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials worldwide. The company's Performance Coatings segment offers coatings, solvents, adhesives, sealants, sundries, and software for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings, and specialty coatings for signs; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft. It also provides coatings and finishes for the protection of metals and structures, such as metal fabricators, heavy duty maintenance contractors, and manufacturers of ships, bridges, and rail cars; paints, wood stains, adhesives, and purchased sundries for painting and maintenance contractors, and consumers for decoration and maintenance of residential and commercial building structures; and paints, thermoplastics, pavement marking products, and other technologies for pavement marking. The company's Industrial Coatings segment offers coatings, adhesives and sealants, and metal pretreatments, as well as services and coatings applications for 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 provides coatings for metal cans, closures, plastic tubes, and promotional and specialty packaging; amorphous precipitated silica for tire, battery separator, and other end-uses; 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 headquartered in Pittsburgh, Pennsylvania.

Understand PPG Industries, Inc.: how it makes money

PPG Industries makes and distributes paints, coatings, and specialty materials, selling products and related software, services, and solutions to customers across automotive, commercial transport and fleet repair, industrial uses, and aircraft and other transportation markets.

PPG’s earnings power is tied to how much segment income it generates from its coatings business (notably Performance Coatings), and whether it can convert activity into cash by driving inventory down (supported by inventory reduction and inventory-days metrics).

Revenue by segment (latest quarter)
Industrial$1.6B
Performance$1.4B
Architectural$1.0B

Business quality (Mixed): Clear segment structure for coatings businesses, with operating indicators that track both earnings generation (Performance Coatings Segment Income) and working capital actions (inventory reduction).

Valuation: At 18× earnings, PPG trades 54% below the Chemicals average (38×). Note: one-time items can distort reported P/E.

Bull case

  • Performance Coatings Segment Income: Investors can track a focused operating earnings gauge, Performance Coatings Segment Income (0.4 USD_B), which helps connect coatings demand and execution to profitability.
  • Inventory reduction progress: Inventory Reduction (Year over Year) is positive at 0.27 USD_B, supporting a working-capital pathway that can reduce pressure on cash tied to coatings production and distribution.
  • Ongoing automotive refinish ecosystem momentum: Operating activity in the PPG Link ecosystem is reflected in metrics like Automotive Refinish Moonwalk Mixing Machines Sold (2000.0) and Automotive Refinish Link Subscriptions (Cumulative) (2700.0), suggesting continued adoption in refinish workflows.

Bear case

  • Demand softness signals: European Demand Decline versus Prior Period is 10.0 percent, which can pressure volume and pricing dynamics across coatings markets.
  • Aerospace linked to travel recovery: Airline Travel Level versus Pre Pandemic is 85.0 percent, implying aircraft and related coating activity may remain sensitive until travel normalizes.
  • Growth rate appears modest: Sales Volume Trend (Year over Year) is 1.0 percent, which can limit operating leverage if costs do not fall in step.
Valuation — source: SEC EDGAR (first-party)
Price$115.31
Market Cap$25.70B
P/E Ratio15.4
EV / EBITDA10.0
Price / Book3.11
Price / Sales1.62
FCF Yield0.9%
DCF Value (model)$73.78
DCF Upside vs Price-36.0%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$15.88B
Net Margin9.9%
Revenue Growth (YoY)0.2%
EPS Growth (YoY)45.9%
FCF Growth (YoY)66.4%
Financial Health — source: SEC EDGAR
Altman Z-Score3.75 (safe)
Piotroski F-Score6/9 (moderate)
Valuation vs Sector & Industry
Stock P/E15.4
Sector P/E (Materials)26.7
Industry P/E (Chemicals)33.5
vs Sector-42.3%
vs Industry-54.1%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($3.00B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorMaterials
IndustryChemicals
CEOTimothy Knavish
Employees46,000
CountryUS
IPO Date1980-03-17

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PPG earnings history · PPG institutional & insider holders · PPG KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-15.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.