We’ve recently updated our valuation analysis.

PPG Industries Valuation

Is PPG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PPG?

Other financial metrics that can be useful for relative valuation.

PPG key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.1x
Enterprise Value/EBITDA16.4x
PEG Ratio1.9x

Price to Earnings Ratio vs Peers

How does PPG's PE Ratio compare to its peers?

The above table shows the PE ratio for PPG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average28.3x
ALB Albemarle
21.7x3.4%US$33.6b
ECL Ecolab
38.7x17.3%US$43.7b
DD DuPont de Nemours
21.8x9.4%US$36.3b
SHW Sherwin-Williams
30.8x8.9%US$62.3b
PPG PPG Industries
29.9x15.4%US$30.7b


Price to Earnings Ratio vs Industry

How does PPG's PE Ratio compare vs other companies in the US Chemicals Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a10.8%
n/an/an/a


Price to Earnings Ratio vs Fair Ratio

What is PPG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PPG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio29.9x
Fair PE Ratio18.3x

Price-To-Earnings vs Fair Ratio: PPG is expensive based on its Price-To-Earnings Ratio (29.9x) compared to the estimated Fair Price-To-Earnings Ratio (18.3x).


Share Price vs Fair Value

What is the Fair Price of PPG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst PPG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$130.73
US$138.33
+5.8%
9.2%US$159.00US$112.00n/a24
Jan ’24US$125.74
US$131.26
+4.4%
10.8%US$155.00US$104.00n/a23
Dec ’23US$134.96
US$127.96
-5.2%
10.6%US$154.00US$104.00n/a23
Nov ’23US$114.00
US$127.96
+12.2%
10.6%US$154.00US$104.00n/a23
Oct ’23US$110.69
US$143.90
+30.0%
12.6%US$180.00US$110.00n/a21
Sep ’23US$124.54
US$145.55
+16.9%
11.2%US$180.00US$110.00n/a20
Aug ’23US$129.31
US$147.19
+13.8%
11.3%US$180.00US$110.00n/a21
Jul ’23US$117.86
US$152.52
+29.4%
11.5%US$180.00US$112.00n/a21
Jun ’23US$125.37
US$153.38
+22.3%
11.7%US$180.00US$112.00n/a21
May ’23US$127.99
US$159.75
+24.8%
10.9%US$180.00US$111.00n/a20
Apr ’23US$134.01
US$169.40
+26.4%
12.1%US$200.00US$111.00n/a20
Mar ’23US$126.50
US$174.62
+38.0%
9.8%US$200.00US$115.00n/a21
Feb ’23US$157.35
US$174.95
+11.2%
9.8%US$200.00US$115.00US$132.0121
Jan ’23US$172.44
US$177.29
+2.8%
11.0%US$201.00US$103.00US$125.7421
Dec ’22US$153.48
US$177.10
+15.4%
10.9%US$200.00US$103.00US$134.9621
Nov ’22US$159.03
US$176.90
+11.2%
10.8%US$200.00US$103.00US$114.0021
Oct ’22US$144.01
US$175.45
+21.8%
11.5%US$200.00US$100.00US$110.6920
Sep ’22US$157.75
US$178.81
+13.3%
12.4%US$202.00US$100.00US$124.5421
Aug ’22US$163.52
US$178.90
+9.4%
12.4%US$202.00US$100.00US$129.3121
Jul ’22US$169.99
US$182.75
+7.5%
13.2%US$206.00US$96.00US$117.8620
Jun ’22US$180.75
US$180.85
+0.06%
13.1%US$205.00US$96.00US$125.3720
May ’22US$171.24
US$176.14
+2.9%
13.4%US$200.00US$96.00US$127.9921
Apr ’22US$151.96
US$156.59
+3.0%
11.3%US$185.00US$87.00US$134.0122
Mar ’22US$137.85
US$155.13
+12.5%
11.1%US$185.00US$87.00US$126.5023
Feb ’22US$138.58
US$155.35
+12.1%
11.1%US$185.00US$87.00US$157.3523


Discover undervalued companies