PPG Industries, Inc.

NYSE:PPG Stock Report

Market Cap: US$27.9b

PPG Industries Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow 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.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: PPG ($126.51) is trading below our estimate of future cash flow value ($159.92)

Significantly Below Future Cash Flow Value: PPG is trading below future cash flow value by more than 20%.

Key Valuation Metric

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

Key metric: As PPG is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for PPG. This is calculated by dividing PPG's market cap by their current earnings.
What is PPG's PE Ratio?
PE Ratio18.1x
EarningsUS$1.57b
Market CapUS$27.92b

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.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average29.9x
DD DuPont de Nemours
27x13.55%US$19.1b
RPM RPM International
22.6x11.17%US$14.7b
SQM Sociedad Química y Minera de Chile
38.9x28.26%US$20.2b
SOLS Solstice Advanced Materials
31.3x19.41%US$10.1b
PPG PPG Industries
18.1x7.03%US$27.9b

Price-To-Earnings vs Peers: PPG is good value based on its Price-To-Earnings Ratio (18.1x) compared to the peer average (29.9x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FFHL Fuwei Films (Holdings)
2.8xn/aUS$27.11m
TANH Tantech Holdings
1xn/aUS$5.08m
No more companies available in this PE range
PPG 18.1xIndustry Avg. 25.4xNo. of Companies6PE01632486480+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PPG is good value based on its Price-To-Earnings Ratio (18.1x) compared to the US Chemicals industry average (24.9x).

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 Ratio18.1x
Fair PE Ratio22.2x

Price-To-Earnings vs Fair Ratio: PPG is good value based on its Price-To-Earnings Ratio (18.1x) compared to the estimated Fair Price-To-Earnings Ratio (22.2x).

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$126.51
US$123.75
-2.18%
6.00%US$135.00US$110.00n/a20
Jan ’27US$102.46
US$119.00
+16.14%
5.14%US$130.00US$109.00n/a20
Dec ’26US$99.86
US$119.50
+19.67%
5.25%US$131.00US$109.00n/a20
Nov ’26US$97.75
US$121.20
+23.99%
7.03%US$145.00US$109.00n/a20
Oct ’26US$104.09
US$127.00
+22.01%
6.56%US$145.00US$112.00n/a20
Sep ’26US$111.23
US$127.35
+14.49%
6.53%US$145.00US$112.00n/a20
Aug ’26US$104.44
US$127.35
+21.94%
6.49%US$145.00US$112.00n/a20
Jul ’26US$116.41
US$127.73
+9.72%
10.61%US$166.00US$105.00n/a21
Jun ’26US$110.80
US$126.51
+14.18%
10.49%US$166.00US$105.00n/a22
May ’26US$108.77
US$126.33
+16.15%
9.98%US$166.00US$105.00n/a22
Apr ’26US$108.95
US$131.78
+20.95%
8.23%US$166.00US$115.00n/a22
Mar ’26US$113.22
US$133.44
+17.86%
8.82%US$166.00US$115.00n/a23
Feb ’26US$115.38
US$142.57
+23.57%
8.37%US$166.00US$120.00US$115.6323
Jan ’26US$119.45
US$145.40
+21.72%
7.73%US$166.00US$120.00US$102.4623
Dec ’25US$124.37
US$147.42
+18.53%
7.39%US$166.00US$120.00US$99.8624
Nov ’25US$124.41
US$147.46
+18.53%
7.38%US$166.00US$120.00US$97.7524
Oct ’25US$130.74
US$149.88
+14.64%
6.62%US$166.00US$118.00US$104.0924
Sep ’25US$129.73
US$149.92
+15.56%
6.79%US$166.00US$118.00US$111.2323
Aug ’25US$125.88
US$149.92
+19.10%
6.79%US$166.00US$118.00US$104.4423
Jul ’25US$123.98
US$155.71
+25.59%
7.01%US$175.00US$118.00US$116.4123
Jun ’25US$131.41
US$156.32
+18.96%
6.92%US$175.00US$118.00US$110.8023
May ’25US$130.95
US$156.50
+19.51%
6.70%US$175.00US$118.00US$108.7724
Apr ’25US$143.38
US$157.34
+9.74%
7.43%US$175.00US$117.00US$108.9523
Mar ’25US$139.52
US$158.30
+13.46%
7.72%US$175.00US$117.00US$113.2223
Feb ’25US$141.50
US$158.99
+12.36%
7.55%US$175.00US$117.00US$115.3824
US$123.75
Fair Value
2.2% overvalued intrinsic discount
20
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/02/06 17:50
End of Day Share Price 2026/02/06 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

PPG Industries, Inc. is covered by 35 analysts. 22 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
William SeleskyArgus Research Company
Ghansham PanjabiBaird
Michael LeitheadBarclays