PPG Industries (PPG)
Market Price (12/28/2025): $104.34 | Market Cap: $23.5 BilSector: Materials | Industry: Specialty Chemicals
PPG Industries (PPG)
Market Price (12/28/2025): $104.34Market Cap: $23.5 BilSector: MaterialsIndustry: Specialty Chemicals
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.9%, Dividend Yield is 2.7% | Weak multi-year price returns2Y Excs Rtn is -72%, 3Y Excs Rtn is -92% | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.5% |
| Low stock price volatilityVol 12M is 29% | Key risksPPG key risks include [1] geopolitical and currency exposure from its extensive global operations and [2] significant liabilities tied to its product portfolio of hazardous chemicals. | |
| Megatrend and thematic driversMegatrends include Advanced Materials, Sustainable & Green Buildings, and Renewable Energy Transition. Themes include Specialty Chemicals for Performance, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.9%, Dividend Yield is 2.7% |
| Low stock price volatilityVol 12M is 29% |
| Megatrend and thematic driversMegatrends include Advanced Materials, Sustainable & Green Buildings, and Renewable Energy Transition. Themes include Specialty Chemicals for Performance, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -72%, 3Y Excs Rtn is -92% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.5% |
| Key risksPPG key risks include [1] geopolitical and currency exposure from its extensive global operations and [2] significant liabilities tied to its product portfolio of hazardous chemicals. |
Why The Stock Moved
Qualitative Assessment
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Here are five key points highlighting why PPG Industries' stock moved by approximately -5.5% during the period from August 31, 2025, to December 27, 2025:
<b>1. PPG Lowered Its Full-Year 2025 Earnings Guidance.</b><br><br>
Following its third-quarter 2025 earnings report on October 28, 2025, PPG Industries cut its full-year earnings per share (EPS) guidance for 2025 to a range of $7.60 to $7.70, down from its prior outlook of $7.75 to $8.05 per share.
<b>2. Weak Performance in Automotive Refinish Coatings.</b><br><br>
In the third quarter of 2025, PPG experienced a double-digit percentage decrease in organic sales for automotive refinish due to lower sales volumes in the U.S. This segment's weakness was noted to continue into the fourth quarter of 2025.
<b>3. Significant Institutional Selling Exceeding $5 Million.</b><br><br>
Assenagon Asset Management S.A. substantially reduced its stake in PPG Industries during the third quarter of 2025, selling 529,467 shares. The value of Assenagon Asset Management S.A.'s remaining holdings in PPG Industries at the end of the reporting period was approximately $8.82 million, indicating a sale amount well over the $5 million threshold.
<b>4. General Softening of Global Demand.</b><br><br>
PPG's CEO, Tim Knavish, mentioned that global demand had softened compared to earlier in 2025, and anticipated some customer inventory management in automotive refinish coatings towards the end of the year.
<b>5. Overall "Poor Performance In 2025" Outlook by Analysts.</b><br><br>
An article published on December 25, 2025, highlighted "Poor Performance In 2025" for PPG Industries, noting that the stock was trading below 15x P/E and offering a 2.7%+ yield near $100/share, despite expectations for better performance in 2026. This general sentiment and the mixed analyst ratings, including some price target reductions, contributed to a cautious or negative view on the stock's immediate prospects.
Show moreStock Movement Drivers
Fundamental Drivers
The 1.4% change in PPG stock from 9/27/2025 to 12/27/2025 was primarily driven by a 2.4% change in the company's P/E Multiple.| 9272025 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 102.89 | 104.32 | 1.39% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 15640.00 | 15690.00 | 0.32% |
| Net Income Margin (%) | 6.46% | 6.35% | -1.80% |
| P/E Multiple | 23.08 | 23.64 | 2.42% |
| Shares Outstanding (Mil) | 226.80 | 225.70 | 0.49% |
| Cumulative Contribution | 1.39% |
Market Drivers
9/27/2025 to 12/27/2025| Return | Correlation | |
|---|---|---|
| PPG | 1.4% | |
| Market (SPY) | 4.3% | 22.8% |
| Sector (XLB) | 3.8% | 64.2% |
Fundamental Drivers
The -7.3% change in PPG stock from 6/28/2025 to 12/27/2025 was primarily driven by a -8.6% change in the company's Net Income Margin (%).| 6282025 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 112.56 | 104.32 | -7.32% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 15680.00 | 15690.00 | 0.06% |
| Net Income Margin (%) | 6.95% | 6.35% | -8.60% |
| P/E Multiple | 23.57 | 23.64 | 0.31% |
| Shares Outstanding (Mil) | 228.00 | 225.70 | 1.01% |
| Cumulative Contribution | -7.33% |
Market Drivers
6/28/2025 to 12/27/2025| Return | Correlation | |
|---|---|---|
| PPG | -7.3% | |
| Market (SPY) | 12.6% | 32.1% |
| Sector (XLB) | 5.4% | 73.8% |
Fundamental Drivers
The -11.1% change in PPG stock from 12/27/2024 to 12/27/2025 was primarily driven by a -38.2% change in the company's Net Income Margin (%).| 12272024 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 117.28 | 104.32 | -11.05% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 14462.00 | 15690.00 | 8.49% |
| Net Income Margin (%) | 10.28% | 6.35% | -38.22% |
| P/E Multiple | 18.41 | 23.64 | 28.39% |
| Shares Outstanding (Mil) | 233.30 | 225.70 | 3.26% |
| Cumulative Contribution | -11.15% |
Market Drivers
12/27/2024 to 12/27/2025| Return | Correlation | |
|---|---|---|
| PPG | -11.1% | |
| Market (SPY) | 17.0% | 63.7% |
| Sector (XLB) | 10.2% | 81.3% |
Fundamental Drivers
The -10.4% change in PPG stock from 12/28/2022 to 12/27/2025 was primarily driven by a -11.1% change in the company's Total Revenues ($ Mil).| 12282022 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 116.39 | 104.32 | -10.37% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 17657.00 | 15690.00 | -11.14% |
| Net Income Margin (%) | 6.08% | 6.35% | 4.36% |
| P/E Multiple | 25.52 | 23.64 | -7.37% |
| Shares Outstanding (Mil) | 235.50 | 225.70 | 4.16% |
| Cumulative Contribution | -10.52% |
Market Drivers
12/28/2023 to 12/27/2025| Return | Correlation | |
|---|---|---|
| PPG | -27.3% | |
| Market (SPY) | 48.0% | 57.1% |
| Sector (XLB) | 10.9% | 77.9% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| PPG Return | 10% | 21% | -26% | 21% | -18% | -11% | -13% |
| Peers Return | 16% | 38% | -12% | 21% | 26% | 16% | 150% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 18% | 114% |
Monthly Win Rates [3] | |||||||
| PPG Win Rate | 67% | 50% | 25% | 58% | 58% | 42% | |
| Peers Win Rate | 52% | 65% | 42% | 68% | 57% | 52% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| PPG Max Drawdown | -45% | -7% | -37% | -3% | -20% | -23% | |
| Peers Max Drawdown | -34% | -5% | -26% | -7% | -9% | -23% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL. See PPG Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)
How Low Can It Go
| Event | PPG | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -40.5% | -25.4% |
| % Gain to Breakeven | 68.0% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -45.7% | -33.9% |
| % Gain to Breakeven | 84.1% | 51.3% |
| Time to Breakeven | 199 days | 148 days |
| 2018 Correction | ||
| % Loss | -21.7% | -19.8% |
| % Gain to Breakeven | 27.7% | 24.7% |
| Time to Breakeven | 371 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -65.4% | -56.8% |
| % Gain to Breakeven | 188.6% | 131.3% |
| Time to Breakeven | 655 days | 1,480 days |
Compare to HPQ, HPE, IBM, CSCO, AAPL
In The Past
PPG Industries's stock fell -40.5% during the 2022 Inflation Shock from a high on 6/4/2021. A -40.5% loss requires a 68.0% gain to breakeven.
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AI Analysis | Feedback
The Dow Chemical or DuPont of paints and coatings.
A global, industrial Sherwin-Williams.
Like 3M, but purely focused on paints and protective coatings for nearly every industry.
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- Architectural Coatings: Paints, stains, and related products for residential and commercial building applications.
- Automotive Coatings: Original equipment manufacturer (OEM) and refinish coatings for cars, trucks, and buses.
- Industrial Coatings: Coatings for a diverse range of manufactured goods, including appliances, electronics, and heavy equipment.
- Aerospace Coatings: Specialized coatings, sealants, and transparencies for aircraft.
- Protective and Marine Coatings: High-performance coatings that protect infrastructure and marine vessels from harsh environments.
- Specialty Materials: Advanced materials used in various applications, including optical products and sealants.
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PPG Industries (symbol: PPG) primarily sells its paints, coatings, and specialty materials to other companies (B2B). While PPG's financial reports indicate that no single customer accounts for more than 10% of its net sales, its major customers are found across several industrial sectors. Below are categories of companies that represent PPG's significant customer base, with examples of prominent public companies within those categories:
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Automotive Original Equipment Manufacturers (OEMs): These companies utilize PPG's coatings for new vehicle production, offering protection, durability, and aesthetic appeal.
- Ford Motor Company (symbol: F)
- General Motors (symbol: GM)
- Stellantis N.V. (symbol: STLA)
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Aerospace Manufacturers: PPG supplies specialized coatings for aircraft and aerospace components, meeting stringent performance and regulatory requirements.
- The Boeing Company (symbol: BA)
- Airbus SE (symbol: EADSY)
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Packaging Manufacturers: Companies producing beverage, food, and other industrial packaging rely on PPG's coatings for product protection, food safety, and brand aesthetics.
- Ball Corporation (symbol: BALL)
- Crown Holdings, Inc. (symbol: CCK)
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Here is the management team of PPG Industries:Timothy M. Knavish, Chairman & CEO
Timothy M. Knavish was elected Chairman and CEO of PPG, effective October 1, 2023. He previously served as President and CEO from January 1, 2023, and as Chief Operating Officer starting in March 2022. Knavish joined PPG in 1987 in an engineering role in the former flat glass business. He held various roles in glass manufacturing, supply chain, and coatings operations in locations including Michigan, Georgia, and Australia. He served as global vice president for protective and marine coatings, senior vice president of automotive coatings, and senior vice president of industrial coatings. Knavish earned a Bachelor of Science degree in mechanical engineering and a Master of Business Administration degree from the University of Pittsburgh. He serves on the boards of the American Coatings Association and the Allegheny Conference on Community Development.
Vincent J. Morales, Senior Vice President and Chief Financial Officer
Vincent J. Morales has served as Senior Vice President and Chief Financial Officer of PPG since March 1, 2017. He joined PPG in 1985 in the corporate controller's office. Morales advanced through various finance and accounting assignments, including supervisor of shared accounting services and plant controller at a former PPG glass plant. He also served as director of internal financial reporting, director and vice president of investor relations, and corporate treasurer. Morales earned a Bachelor of Science in accounting from Robert Morris University and a Master of Business Administration from The Ohio State University.
Irene Tasi, Senior Vice President, Chief Transformation Officer
Irene Tasi is the Senior Vice President and Chief Transformation Officer at PPG. Prior to this role, she served as Vice President, Architectural Coatings, U.S. and Canada. She joined PPG in 2017 as Vice President, Global Color, and then led the global architectural coatings portfolio for the EMEA region. Before joining PPG, Tasi held various leadership roles at Masco Corporation and The Sherwin-Williams Company.
Kevin D. Braun, Senior Vice President, Operations
Kevin D. Braun is the Senior Vice President, Operations, effective October 1, 2024. In this role, he leads PPG's supply chain, operational excellence, manufacturing operations, procurement, and environment, health and safety functions. He also has executive oversight accountability for packaging coatings and specialty coatings and materials. Braun joined PPG in 1989 and has held various leadership roles, including senior vice president, industrial coatings segment, and global leadership roles in automotive refinish and protective and marine coatings.
Anne M. Foulkes, Senior Vice President and General Counsel
Anne M. Foulkes serves as Senior Vice President and General Counsel at PPG. She is responsible for PPG’s global legal affairs, compliance, and government affairs functions. Foulkes joined PPG in 1995 and has held various legal leadership positions within the company, including Assistant General Counsel and Chief Compliance Officer.
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PPG Industries faces several significant risks to its business operations and financial performance.
The most significant risk stems from fluctuations in raw material prices and availability, as well as energy costs. As a global manufacturer of paints, coatings, and specialty materials, PPG's financial results can be negatively impacted by volatility in the costs and supply of its essential inputs. This is a recurring concern highlighted in their financial reporting, and it directly affects operating costs and profitability. Furthermore, general economic risks can also affect demand for their products across various end markets.
Another key risk involves its extensive global operations, which expose the company to foreign currency exchange rate fluctuations and geopolitical uncertainties. With significant non-U.S. operations, PPG is subject to varying legal, political, social, and regulatory requirements, as well as diverse economic conditions in numerous countries. Unfavorable foreign currency translation has previously decreased net sales and income, and geopolitical tensions and conflicts can further complicate international business and supply chains.
Finally, PPG faces substantial regulatory and environmental risks, particularly concerning hazardous chemicals and climate change impacts. The company is exposed to evolving environmental laws, potential liabilities from lawsuits and claims related to public health, and risks associated with its product portfolio containing persistent and hazardous chemicals. There are growing concerns about "forever chemicals" and their potential for significant liability risks and stranded assets due to accelerating regulations. Additionally, PPG faces physical climate risks from extreme weather events and transition risks related to the global shift to a low-carbon economy, including changes in technology, raw materials markets, and regulations.
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PPG Industries operates in several key coatings markets globally. The addressable markets for their main products and services are as follows:
- Architectural Coatings:
- Global market size: USD 80.3 billion in 2024, projected to reach USD 101.6 billion by 2032. (Another source states USD 91.62 billion in 2025, projected to reach USD 114.28 billion by 2030. Another states USD 83.68 billion in 2025, projected to reach USD 125.08 billion by 2032. Another states USD 85.0 billion in 2023, projected to reach USD 102.7 billion by 2028. Another states USD 63.3 billion in 2020, projected to reach USD 107.9 billion by 2030.)
- North America market size: Estimated at USD 24.5 billion in 2025, expected to reach USD 29.05 billion by 2030. (Another source states USD 23.98 billion in 2024, projected to reach USD 37.48 billion by 2033. Another states USD 28.23 billion by 2033.)
- Industrial Coatings:
- Global market size: USD 93.63 billion in 2024, projected to reach USD 116.68 billion by 2030. (Another source states USD 149.72 billion in 2023, projected to grow to USD 210.15 billion by 2032. Another states USD 92.74 billion in 2024, projected to reach USD 130.50 billion by 2034. Another source states USD 87.19 billion in 2022. Another source states USD 41.97 billion in 2025, projected to reach USD 49.58 billion by 2030.)
- Asia Pacific industrial coatings market: Valued at USD 12,518.79 million in 2024, expected to reach USD 15,969.66 million by 2030. (Another source states USD 64.23 billion in 2023.)
- North America industrial coatings market: Expected to grow at a significant CAGR from 2024 to 2030.
- Europe industrial coatings market: Generated USD 27,405.6 million in revenue in 2024, expected to reach USD 35,046.1 million by 2030. (Another source states USD 15.6 billion in 2024, projected to grow to USD 21.8 billion by 2035.)
- Automotive Coatings (OEM and Refinish):
- Global automotive coatings market size: Estimated at USD 29.60 billion in 2025, expected to reach USD 37.67 billion by 2030. (Another source states USD 23.2 billion in 2023, projected to reach USD 33.4 billion by 2030. Another states USD 23.72 billion in 2023, projected to reach USD 57.27 billion by 2032. Another states USD 15.5 billion in 2023, projected to reach USD 19.0 billion by 2028.)
- Global automotive refinish coatings market size: Valued at USD 10.91 billion in 2024, projected to reach USD 15.61 billion by 2033.
- Asia Pacific automotive coatings market size: Valued at USD 3.79 billion in 2024, projected to be worth USD 5.80 billion by 2033. (Another source states USD 11.75 billion in 2020. Another source states Asia-Pacific held 58.82% of global 2024 revenue for automotive coatings. Another source states Asia Pacific accounted for 51.4% of the global automotive coatings market in 2023.)
- Asia Pacific automotive refinish coatings market: Asia Pacific currently dominates the market, holding a market share of over 37.5% in 2024.
- Aerospace Coatings:
- Global aerospace coatings market size: Valued at USD 3.79 billion in 2024 and projected to reach USD 6.13 billion by 2032. (Another source states USD 3.854.30 million in 2024. Another states USD 1.48 billion in 2024, projected to reach USD 2.23 billion by 2033. Another states USD 4.89 billion in 2025, expected to reach USD 6.51 billion by 2030. Another states USD 1.56 billion in 2017, projected to reach USD 2.48 billion by 2025.)
- North America aerospace coatings market: Expected to dominate in terms of market share and revenue from 2025-2032. (Another source states North America currently dominates the market, holding a significant market share of over 38.6% in 2024. Another source states North America commanded 38.92% revenue share in 2024.)
- Asia-Pacific aerospace coatings market: Projected to witness significant growth during the forecast period of 2025-2032. (Another source states Asia-Pacific records the fastest regional CAGR at 6.52% to 2030.)
- Packaging Coatings:
- Global packaging coatings market size: Estimated at USD 4,234.7 million in 2024 and projected to reach USD 6,448.1 million by 2033. (Another source states USD 4.21 billion in 2024, projected to reach USD 5.37 billion by 2029. Another states USD 6.22 billion in 2025, expected to reach USD 7.73 billion by 2030. Another states USD 5.24 billion in 2024 to USD 8.33 billion by 2034. Another states USD 4.2 billion in 2025, projected to increase to USD 8.1 billion by 2035.)
- Asia Pacific packaging coatings market: Dominated the market with the largest revenue share of 42.5% in 2024. (Another source states Asia-Pacific led with a 43% revenue share in 2024. Asia-Pacific is the dominating region.)
- Europe packaging coatings market: Held 20.0% of the global revenue share in 2024.
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Here are 3-5 expected drivers of future revenue growth for PPG Industries (symbol: PPG) over the next 2-3 years:- Strategic Price Increases: PPG Industries has consistently implemented selling price increases across its various business segments to mitigate the impact of rising raw material costs and enhance profitability. These pricing actions are expected to continue supporting revenue growth.
- Innovation and Growth of Technology-Advantaged Products: The company is focused on leveraging its innovations in chemistry and process applications to drive organic growth. There is strong and expected continued demand for technology-advantaged products, particularly in aerospace coatings, protective and marine coatings, and packaging coatings, which have shown double-digit organic growth. Recent product launches such as PFAS-free filtration technology and low-carbon, bio-based paints also cater to evolving customer needs and sustainability goals.
- Volume Growth and Market Share Gains in Key Segments: PPG anticipates achieving organic sales growth through volume expansion and market share gains. This is especially evident in the automotive original equipment manufacturer (OEM) coatings segment, packaging coatings, aerospace coatings, and protective and marine coatings. The company has seen solid volume growth in regions like China and India, indicating further opportunities for expansion.
- Expansion in High-Growth Markets and Sustainable Solutions: PPG aims to capitalize on opportunities in high-growth markets such as Mexico and China. There is also a significant focus on sustainable coatings, including non-BPA coatings and biocide-free marine coatings, which are seeing growing demand due to their higher pricing and appeal to health-conscious consumers and industries prioritizing safety and environmental standards. The expanding smart windows market also presents a notable opportunity.
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Share Repurchases
- PPG repurchased approximately $752 million worth of shares in 2024.
- As of late 2024/early 2025, PPG had $2.8 billion remaining on its current share repurchase authorization.
- Year-to-date as of the third quarter of 2025, the company deployed $690 million towards share repurchases.
Share Issuance
- PPG's basic shares outstanding for the quarter ending June 30, 2025, saw a 3.28% decline year-over-year.
Outbound Investments
- In December 2020, PPG acquired Tikkurila for $1.3 billion.
- PPG is making significant strategic investments in its aerospace sector, with over $500 million allocated for new capacity, technological enhancements, and debottlenecking facilities over the next few years, including a new manufacturing facility to be commissioned in 2027.
- The company divested its U.S. and Canada architectural coatings business to American Industrial Partners for $550 million, with the transaction closing in late 2024 or early 2025.
Capital Expenditures
- Capital expenditures were approximately $720 million in 2024.
- Expected capital expenditures for 2025 are projected to be between $725 million and $775 million.
- The primary focus of these expenditures includes supporting future organic growth opportunities, particularly in the aerospace sector, and enhancing manufacturing capabilities.
Latest Trefis Analyses
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Trade Ideas
Select ideas related to PPG. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | DD | DuPont de Nemours | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 7.6% | 7.6% | -0.2% |
| 11212025 | CF | CF Industries | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -1.4% | -1.4% | -3.1% |
| 11212025 | HL | Hecla Mining | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 51.0% | 51.0% | 0.0% |
| 11072025 | CDE | Coeur Mining | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 30.6% | 30.6% | -5.7% |
| 10312025 | ATR | AptarGroup | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 6.2% | 6.2% | -2.5% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for PPG Industries
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 91.24 |
| Mkt Cap | 158.8 |
| Rev LTM | 56,496 |
| Op Inc LTM | 7,584 |
| FCF LTM | 7,327 |
| FCF 3Y Avg | 7,366 |
| CFO LTM | 8,590 |
| CFO 3Y Avg | 8,697 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.2% |
| Rev Chg 3Y Avg | 2.2% |
| Rev Chg Q | 8.3% |
| QoQ Delta Rev Chg LTM | 2.0% |
| Op Mgn LTM | 15.7% |
| Op Mgn 3Y Avg | 15.1% |
| QoQ Delta Op Mgn LTM | 0.0% |
| CFO/Rev LTM | 14.8% |
| CFO/Rev 3Y Avg | 17.1% |
| FCF/Rev LTM | 11.6% |
| FCF/Rev 3Y Avg | 13.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 158.8 |
| P/S | 2.9 |
| P/EBIT | 21.2 |
| P/E | 33.0 |
| P/CFO | 19.0 |
| Total Yield | 5.2% |
| Dividend Yield | 2.1% |
| FCF Yield 3Y Avg | 5.7% |
| D/E | 0.3 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 1.7% |
| 3M Rtn | 4.9% |
| 6M Rtn | 10.9% |
| 12M Rtn | 11.8% |
| 3Y Rtn | 76.2% |
| 1M Excs Rtn | -1.1% |
| 3M Excs Rtn | 0.6% |
| 6M Excs Rtn | -1.3% |
| 12M Excs Rtn | -4.6% |
| 3Y Excs Rtn | -6.2% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Industrial Coatings | 7,089 | 6,958 | 6,469 | 5,339 | 6,112 |
| Performance Coatings | 5,132 | 10,694 | 10,333 | 8,495 | 9,034 |
| Global Architectural Coatings | 4,021 | ||||
| Total | 16,242 | 17,652 | 16,802 | 13,834 | 15,146 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Global Architectural Coatings | 6,595 | ||||
| Industrial Coatings | 5,643 | 5,802 | 5,807 | 5,040 | 4,912 |
| Performance Coatings | 5,586 | 13,088 | 13,395 | 11,551 | 10,636 |
| Corporate / Non-Segment Items | 3,823 | 1,854 | 2,149 | 2,965 | 2,160 |
| Total | 21,647 | 20,744 | 21,351 | 19,556 | 17,708 |
Price Behavior
| Market Price | $104.32 | |
| Market Cap ($ Bil) | 23.5 | |
| First Trading Date | 04/06/1983 | |
| Distance from 52W High | -13.8% | |
| 50 Days | 200 Days | |
| DMA Price | $99.77 | $105.75 |
| DMA Trend | down | down |
| Distance from DMA | 4.6% | -1.4% |
| 3M | 1YR | |
| Volatility | 22.9% | 29.7% |
| Downside Capture | 40.75 | 113.24 |
| Upside Capture | 39.02 | 84.04 |
| Correlation (SPY) | 22.7% | 63.7% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.33 | 0.45 | 0.58 | 0.93 | 0.95 | 0.96 |
| Up Beta | 0.24 | 1.16 | 1.17 | 1.32 | 1.15 | 1.06 |
| Down Beta | -1.26 | 0.21 | 0.09 | 0.41 | 0.62 | 0.75 |
| Up Capture | 86% | 14% | 23% | 64% | 71% | 62% |
| Bmk +ve Days | 12 | 25 | 38 | 73 | 141 | 426 |
| Stock +ve Days | 10 | 19 | 28 | 61 | 120 | 388 |
| Down Capture | 43% | 52% | 97% | 133% | 108% | 103% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 9 | 21 | 33 | 63 | 127 | 360 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of PPG With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| PPG | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -10.9% | 9.9% | 17.8% | 72.1% | 8.6% | 4.4% | -8.2% |
| Annualized Volatility | 29.4% | 19.9% | 19.4% | 19.3% | 15.2% | 17.0% | 35.0% |
| Sharpe Ratio | -0.39 | 0.36 | 0.72 | 2.70 | 0.34 | 0.09 | -0.08 |
| Correlation With Other Assets | 81.3% | 63.7% | 0.5% | 6.6% | 64.4% | 28.0% | |
ETFs used for asset classes: Sector ETF = XLB, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Comparison of PPG With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| PPG | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -4.4% | 7.2% | 14.7% | 18.7% | 11.5% | 4.6% | 30.8% |
| Annualized Volatility | 26.7% | 18.9% | 17.1% | 15.5% | 18.7% | 18.9% | 48.6% |
| Sharpe Ratio | -0.16 | 0.29 | 0.70 | 0.97 | 0.50 | 0.16 | 0.57 |
| Correlation With Other Assets | 75.8% | 62.9% | 8.6% | 6.4% | 57.0% | 19.9% | |
ETFs used for asset classes: Sector ETF = XLB, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of PPG With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| PPG | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 2.5% | 10.1% | 14.8% | 15.3% | 7.0% | 5.3% | 69.2% |
| Annualized Volatility | 26.9% | 20.7% | 18.0% | 14.7% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.13 | 0.44 | 0.71 | 0.86 | 0.32 | 0.22 | 0.90 |
| Correlation With Other Assets | 77.7% | 66.1% | 1.8% | 18.4% | 57.9% | 13.8% | |
ETFs used for asset classes: Sector ETF = XLB, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/28/2025 | -5.9% | -9.9% | -4.4% |
| 7/29/2025 | -5.3% | -5.5% | 0.6% |
| 4/29/2025 | 4.9% | 4.6% | 7.9% |
| 1/31/2025 | -2.9% | -0.5% | -4.7% |
| 10/16/2024 | 0.8% | -3.1% | -4.7% |
| 7/18/2024 | -2.8% | -4.4% | -6.5% |
| 4/18/2024 | -3.1% | -4.4% | -0.0% |
| 1/18/2024 | -2.5% | -1.5% | -1.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 7 | 13 |
| # Negative | 14 | 17 | 11 |
| Median Positive | 3.4% | 3.6% | 5.6% |
| Median Negative | -3.0% | -3.3% | -5.9% |
| Max Positive | 8.7% | 11.4% | 16.7% |
| Max Negative | -5.9% | -9.9% | -9.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 10292025 | 10-Q 9/30/2025 |
| 6302025 | 7302025 | 10-Q 6/30/2025 |
| 3312025 | 4302025 | 10-Q 3/31/2025 |
| 12312024 | 2202025 | 10-K 12/31/2024 |
| 9302024 | 10172024 | 10-Q 9/30/2024 |
| 6302024 | 7192024 | 10-Q 6/30/2024 |
| 3312024 | 4192024 | 10-Q 3/31/2024 |
| 12312023 | 2152024 | 10-K 12/31/2023 |
| 9302023 | 10192023 | 10-Q 9/30/2023 |
| 6302023 | 7212023 | 10-Q 6/30/2023 |
| 3312023 | 4212023 | 10-Q 3/31/2023 |
| 12312022 | 2162023 | 10-K 12/31/2022 |
| 9302022 | 10202022 | 10-Q 9/30/2022 |
| 6302022 | 7222022 | 10-Q 6/30/2022 |
| 3312022 | 4222022 | 10-Q 3/31/2022 |
| 12312021 | 2172022 | 10-K 12/31/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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