PPG Industries Inc banner

PPG Industries Inc
NYSE:PPG

Watchlist Manager
PPG Industries Inc Logo
PPG Industries Inc
NYSE:PPG
Watchlist
Price: 111.26 USD -3.02%
Market Cap: $24.9B

EV/EBITDA

10.9
Current
13%
Cheaper
vs 3-y average of 12.5

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
10.9
=
Enterprise Value
$31.2B
/
EBITDA
$2.7B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
10.9
=
Enterprise Value
$31.2B
/
EBITDA
$2.7B

Valuation Scenarios

PPG Industries Inc is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (12.5), the stock would be worth $127.25 (14% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+32%
Average Upside
19%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 10.9 $111.26
0%
3-Year Average 12.5 $127.25
+14%
5-Year Average 14.2 $144.94
+30%
Industry Average 11 $112.35
+1%
Country Average 14.4 $146.64
+32%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
$31.2B
/
Jan 2026
$2.7B
=
10.9
Current
$31.2B
/
Dec 2026
$2.9B
=
10.7
Forward
$31.2B
/
Dec 2027
$3.1B
=
10.2
Forward
$31.2B
/
Dec 2028
$3.3B
=
9.5
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
US
PPG Industries Inc
NYSE:PPG
25.6B USD 10.9 15.8
US
Sherwin-Williams Co
NYSE:SHW
85.2B USD 20.8 32.2
JP
Shin-Etsu Chemical Co Ltd
TSE:4063
12.6T JPY 12.8 26
US
Ecolab Inc
NYSE:ECL
77.7B USD 21.4 36.7
JP
Yasuhara Chemical Co Ltd
TSE:4957
10.8T JPY 5.8 10.5
CN
Wanhua Chemical Group Co Ltd
SSE:600309
274B CNY 21.2 24.7
CH
Givaudan SA
SIX:GIVN
26.7B CHF 17.2 24.6
DK
Novozymes A/S
CSE:NZYM B
165.6B DKK 28.9 54.8
IN
Asian Paints Ltd
NSE:ASIANPAINT
2.4T INR 38 63.2
CH
Sika AG
F:SIKA
19.9B EUR 10.3 17.5
US
Albemarle Corp
NYSE:ALB
22.9B USD 33.5 -34.4
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
PPG Industries Inc
NYSE:PPG
Average EV/EBITDA: 20.1
10.9
7%
1.6
US
Sherwin-Williams Co
NYSE:SHW
20.8
9%
2.3
JP
Shin-Etsu Chemical Co Ltd
TSE:4063
12.8
4%
3.2
US
Ecolab Inc
NYSE:ECL
21.4
10%
2.1
JP
Y
Yasuhara Chemical Co Ltd
TSE:4957
5.8
N/A N/A
CN
Wanhua Chemical Group Co Ltd
SSE:600309
21.2
33%
0.6
CH
Givaudan SA
SIX:GIVN
17.2
5%
3.4
DK
Novozymes A/S
CSE:NZYM B
28.9
N/A N/A
IN
Asian Paints Ltd
NSE:ASIANPAINT
38
10%
3.8
CH
Sika AG
F:SIKA
10.3
7%
1.5
US
Albemarle Corp
NYSE:ALB
33.5
52%
0.6
P/E Multiple
Earnings Growth PEG
US
PPG Industries Inc
NYSE:PPG
Average P/E: 30.6
15.8
10%
1.6
US
Sherwin-Williams Co
NYSE:SHW
32.2
14%
2.3
JP
Shin-Etsu Chemical Co Ltd
TSE:4063
26
7%
3.7
US
Ecolab Inc
NYSE:ECL
36.7
14%
2.6
JP
Y
Yasuhara Chemical Co Ltd
TSE:4957
10.5
N/A N/A
CN
Wanhua Chemical Group Co Ltd
SSE:600309
24.7
13%
1.9
CH
Givaudan SA
SIX:GIVN
24.6
6%
4.1
DK
Novozymes A/S
CSE:NZYM B
54.8
N/A N/A
IN
Asian Paints Ltd
NSE:ASIANPAINT
63.2
15%
4.2
CH
Sika AG
F:SIKA
17.5
8%
2.2
US
Albemarle Corp
NYSE:ALB
Negative Multiple: -34.4 N/A N/A

Market Distribution

In line with most companies in the United States of America
Percentile
35th
Based on 9 875 companies
35th percentile
10.9
Low
0 — 10
Typical Range
10 — 21.5
High
21.5 —
Distribution Statistics
the United States of America
Min 0
30th Percentile 10
Median 14.4
70th Percentile 21.5
Max 1 767 274.1

PPG Industries Inc
Glance View

Founded in 1883 as Pittsburgh Plate Glass, PPG Industries Inc. has evolved into a powerhouse within the coatings industry. Initially focused on glass manufacturing, the company strategically diversified over decades, becoming a leading player in paints, coatings, and specialty materials. Today, PPG operates in more than 70 countries, serving industries including automotive, aerospace, and construction. But what truly sets PPG apart is its commitment to innovation, with a sprawling network of research and development facilities driving advancements in sustainable and eco-friendly coating technologies. This focus not only meets the modern demands for environmentally conscious products but also strengthens its competitive edge in global markets. At the core of PPG's business model is its ability to provide highly specialized coatings and paints. These products serve a multitude of purposes — from protecting vast industrial installations to enhancing the aesthetics and durability of automobiles. Revenue streams are generated through both direct sales to other businesses and consumer markets, with PPG's products gracing everything from skyscrapers to everyday household items. The company’s robust distribution network and well-established brand reputation amplify its market reach, securing long-term relationships with major players across various sectors. PPG’s dexterous blend of innovation, strategic acquisitions, and focus on sustainability ensures it remains a significant force in the coatings and materials industry.

PPG Intrinsic Value
129.61 USD
Undervaluation 14%
Intrinsic Value
Price $111.26
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett