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PPG Industries Inc
NYSE:PPG

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PPG Industries Inc
NYSE:PPG
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Price: 107.68 USD -2.38% Market Closed
Market Cap: $24.1B

P/S

1.5
Current
9%
Cheaper
vs 3-y average of 1.7

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
1.5
=
Market Cap
$26.8B
/
Revenue
$15.9B

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
1.5
=
Market Cap
$26.8B
/
Revenue
$15.9B

Valuation Scenarios

PPG Industries Inc is trading below its 3-year average

If P/S returns to its 3-Year Average (1.7), the stock would be worth $118.96 (10% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-22%
Maximum Upside
+61%
Average Upside
16%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 1.5 $107.68
0%
3-Year Average 1.7 $118.96
+10%
5-Year Average 1.7 $122.01
+13%
Industry Average 1.2 $83.94
-22%
Country Average 2.4 $173.05
+61%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
$26.8B
/
Jan 2026
$15.9B
=
1.5
Current
$26.8B
/
Dec 2026
$16.6B
=
1.6
Forward
$26.8B
/
Dec 2027
$17.1B
=
1.6
Forward
$26.8B
/
Dec 2028
$17.6B
=
1.5
Forward
$26.8B
/
Dec 2029
$18.4B
=
1.5
Forward
$26.8B
/
Dec 2030
$19.6B
=
1.4
Forward
$26.8B
/
Dec 2031
$20.4B
=
1.3
Forward
$26.8B
/
Dec 2032
$21.1B
=
1.3
Forward
$26.8B
/
Dec 2033
$21.9B
=
1.2
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
US
PPG Industries Inc
NYSE:PPG
24.1B USD 1.5 15.3
US
Sherwin-Williams Co
NYSE:SHW
80.3B USD 3.4 31.3
JP
Shin-Etsu Chemical Co Ltd
TSE:4063
13.3T JPY 5.2 27.3
US
Ecolab Inc
NYSE:ECL
75.3B USD 4.7 36.3
JP
Yasuhara Chemical Co Ltd
TSE:4957
10.8T JPY 1 10.5
CN
Wanhua Chemical Group Co Ltd
SSE:600309
280.1B CNY 1.3 21.3
CH
Givaudan SA
SIX:GIVN
25.9B CHF 3.5 24.2
DK
Novozymes A/S
CSE:NZYM B
165.6B DKK 9.3 54.8
IN
Asian Paints Ltd
NSE:ASIANPAINT
2.4T INR 6.8 61.3
US
Albemarle Corp
NYSE:ALB
22B USD 4.3 -32.5
CH
Sika AG
F:SIKA
19.9B EUR 1.6 17.5
P/E Multiple
Earnings Growth PEG
US
PPG Industries Inc
NYSE:PPG
Average P/E: 30
15.3
10%
1.5
US
Sherwin-Williams Co
NYSE:SHW
31.3
14%
2.2
JP
Shin-Etsu Chemical Co Ltd
TSE:4063
27.3
7%
3.9
US
Ecolab Inc
NYSE:ECL
36.3
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
21.3
10%
2.1
CH
Givaudan SA
SIX:GIVN
24.2
6%
4
DK
Novozymes A/S
CSE:NZYM B
54.8
N/A N/A
IN
Asian Paints Ltd
NSE:ASIANPAINT
61.3
15%
4.1
US
Albemarle Corp
NYSE:ALB
Negative Multiple: -32.5 N/A N/A
CH
Sika AG
F:SIKA
17.5
8%
2.2

Market Distribution

In line with most companies in the United States of America
Percentile
36th
Based on 11 520 companies
36th percentile
1.5
Low
0 — 1.2
Typical Range
1.2 — 4.1
High
4.1 —
Distribution Statistics
the United States of America
Min 0
30th Percentile 1.2
Median 2.4
70th Percentile 4.1
Max 4 613 274.2

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 17%
Intrinsic Value
Price $107.68
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