PPG Industries, Inc.

PPG Industries, Inc.

PPG

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Market Cap$24.57B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
PPG Industries, Inc.PPG Industries, Inc.15.72.57%19%1.60.9

Earnings Call Q2 2026

July 29, 2026 - AI Summary

Strong topline and continued organic growth (good/surprising): - PPG delivered 6th consecutive quarter of organic sales growth: +4% organic, with equal contribution from volume and selling price. - Net sales: $4.5B (+7% YoY). - Outperformance vs industry: +300 bps lead; growth in all 3 segments and 8 of 9 businesses. - Supported by “commercial excellence + innovation/productivity solutions” momentum.
Earnings and margin resilience, but uneven by segment (good + mixed): - Adjusted EPS: $2.23 (slightly higher YoY). - Adjusted EBITDA margin: >17%; margin benefit from pricing/share gains, partially offset by portfolio mix. - Inflation coverage: covered about 90% of COGS inflation with pricing in the quarter (goal: complete). - Segment snapshot: - Global Architectural Coatings: net sales $1.1B (+8%), +2% organic; EBITDA margin +100 bps to 19.4% (Europe pricing self-help drove return to expansion). - Industrial Coatings: net sales $1.8B (+7%), organic +5% (share gains benefiting); EBITDA margin -70 bps to 15.9% (inflation). - Performance Coatings: net sales $1.6B (+7%), organic +3% but segment margin down ~300 bps YoY primarily due to Automotive Refinish YoY comp effects.
Key challenge: Automotive Refinish drag appears “cyclical/comp-driven,” not structural (bad but contained): - Performance Coatings’ sequential decline was attributed entirely to Refinish YoY comps, not broad deterioration elsewhere. - Management confidence: Refinish destocking in the U.S. is behind them, and Refinish volumes/mix should improve in Q3 and Q4. - Investors asked about Refinish volume/margins: company indicated volumes up in Q3 and Q4 (incrementally; low-volume business), with no sign of negative mix shift—they emphasize customers value productivity/digital tools even in weaker conditions.

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$129.83

Target Price by Analysts

10.2% upsidePPG Industries Target Price DetailsTarget Price
$132.99

Current Fair Value

12.9% upside

Undervalued by 12.9% based on the discounted cash flow analysis.

Share Statistics

Market cap$24.57 Billion
Enterprise Value$30.51 Billion
Dividend Yield$2.84 (2.57%)
Earnings per Share$6.96
Beta1.05
Outstanding Shares223,000,000

Return

Return on Equity18.62%ROE
Return on Assets6.98%
Return on Invested Capital12.66%

Valuation & Multiples

P/E Ratio15.74P/E Ratio
PEG-343.36PEG
Price to Sales1.61Price to Sales
Price to Book Ratio3.1Price to Book Ratio
Enterprise Value to Revenue1.86
Enterprise Value to EBIT13.92
Enterprise Value to Net Income19
Total Debt to Enterprise0.24
Debt to Equity0.88Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 28, 2026
EPS Estimate
$2.25
Average shareholder expectation
Revenue Estimate
$4.37 B
Average shareholder expectation

Next Earnings Call

Expected Date
August 4, 2026
EPS Estimate
$2.25
Average shareholder expectation
Revenue Estimate
$4.36 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.0000▼ 26.72%
Total Calls2,000▼ 99.87%
Total Puts-▼ 100.00%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %4.71%▼ 84.29%
Total Invested$1.26B▼ 94.14%
Investors Holding456▼ 617.00%

ESG Score

No data

About PPG Industries, Inc.

CEO: Michael McGarry

Relevant Senate Committees

Joint Committee on Taxation

This committee's technical analysis and revenue estimates for tax legislation directly influence corporate tax structures and the overall tax burden for companies like PPG Industries, impacting their financial planning and investment decisions.

Finance

This powerful committee controls taxation and trade policy, directly impacting PPG's corporate tax burden, profitability, and global supply chain costs through tariffs and trade agreements.

Appropriations

This committee directly allocates federal spending. Its decisions on funding for infrastructure projects (e.g., roads, buildings) and defense programs directly translate into demand and revenue opportunities for PPG's products.

Judiciary

This committee's oversight of antitrust laws is highly relevant for large manufacturers like PPG regarding mergers, acquisitions, and market competition. Intellectual property protection (patents for coatings) is also critical.

Environment and Public Works

This committee's regulation of the EPA directly impacts environmental compliance (e.g., VOCs, hazardous waste) for paint and coating manufacturers. Its role in federal highway and infrastructure programs directly drives demand for PPG's products.