| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 76 | 15.1x | 17.8x | Top tier | |
Growth | 39 | 5.0% | 7.1% | Bottom tier | |
Quality | 70 | 10.0% | 4.5% | Top tier | |
Safety | 63 | 2.2x | 2.6x | Around median | |
Capital Return | 71 | 2.66% | 2.12% | Top tier | |
Momentum | 49 | 8.9% | 2.9% | Around median | |
Sentiment | 94 | 13 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
PPG Industries operates in coatings, materials, and related productivity solutions, generating revenue from three segments: Global Architectural Coatings, Performance Coatings, and Industrial Coatings. Business drivers include aerospace, automotive OEM and refinish, marine and protective coatings, and packaging coatings, along with products such as sealants, adhesives, transparencies, and digital productivity solutions; therefore, the earnings mix depends on sales volumes, pricing, and the share of high-margin specialty products.
In fiscal 2026 Q2, net sales reached $4.5 billion, up 7% year over year, while organic sales increased 4%, with equal contributions from volume and pricing. Adjusted earnings per share were $2.23, up slightly year over year, and the adjusted earnings before interest, taxes, depreciation, and amortization margin exceeded 17%. Sales were distributed among Global Architectural Coatings at $1.1 billion, Performance Coatings at $1.6 billion, and Industrial Coatings at $1.8 billion, representing approximately 24%, 36%, and 40% of total sales, respectively.
EDGAR data for fiscal 2026 Q1 showed revenue of $3.9 billion, gross profit of $1.7 billion, net income of $382 million, and earnings per share of $1.70. On a trailing-twelve-month basis ending in fiscal 2026, revenue reached $16.1 billion, gross profit $6.7 billion, and net income $1.6 billion, compared with revenue of $15.9 billion and net income of $1.6 billion in fiscal 2025.
The analyst consensus is Buy, with an average price target of $130 and a target range of $122 to $138. The average target is below the 52-week range high of $133.43, while the highest target slightly exceeds that high; the stock's 52-week range extends from $93.39 to $133.43, reflecting the breadth of potential revaluation depending on the success of margin recovery and the rebound in automotive refinish coatings. The positive consensus should be balanced against expectations that the group margin will remain flat or decline by as much as 100 basis points in fiscal 2026 Q3 and against continued input-cost inflation.
Figures in the text are as of 2026-08-28; the live price is shown at the top of the page.
PPG's net sales reached $4.5 billion in fiscal 2026 Q2, up 7% year over year, while organic sales increased 4%. Organic growth came equally from higher volumes and improved pricing, and the company recorded growth across all three segments and in eight of its nine businesses. Aerospace, marine and protective coatings, and packaging coatings led the momentum, while the decline in automotive refinish coatings limited earnings growth. The adjusted earnings before interest, taxes, depreciation, and amortization margin exceeded 17%, and adjusted earnings per share were $2.23.
PPG's aerospace business includes a portfolio of approximately $2 billion in coatings, sealants, adhesives, transparencies, and productivity solutions. The business recorded double-digit growth in fiscal 2026 Q2, while its backlog remained close to $300 million. The company is investing more than $500 million to increase capacity, including $380 million for the Shelby plant and $120 million to remove bottlenecks and expand capacity at facilities such as Huntsville and Mojave. Its demand base is diversified across original equipment, aftermarket services, and commercial, general, and military aviation.
Automated analysis for informational purposes only — not investment advice.
Organic sales of automotive refinish coatings declined by a double-digit percentage in fiscal 2026 Q2 due to the strong comparison with customer demand patterns in fiscal 2025 Q2. This contributed almost entirely to the 300-basis-point decline in the Performance Coatings margin to 22.7%. Management said that customer inventory reductions in the United States had ended and that business volumes should grow by a low-single-digit percentage in the second half of fiscal 2026. It also noted a low-single-digit percentage decline in automotive insurance premiums in Q2, the first quarterly year-over-year decline in five years.
PPG raised net selling prices by 2% in fiscal 2026 Q2, and the rate of increase reached 3% in June 2026. These actions covered approximately 90% of cost-of-goods-sold inflation, and management expects to achieve full coverage in fiscal 2026 Q4. In contrast, the company expects costs to rise by a mid-to-high-single-digit percentage between Q2 and Q4 due to higher raw material, energy, logistics, and packaging costs. Therefore, margin improvement depends on the speed of implementing additional increases and the company's ability to maintain volumes and market share.
PPG reaffirmed its fiscal 2026 adjusted earnings per share forecast of between $7.70 and $8.10. For fiscal 2026 Q3, it expects organic growth ranging from a low-single-digit percentage to a mid-single-digit percentage, led by aerospace, architectural coatings in Latin America, and packaging coatings. The company also expects its adjusted earnings before interest, taxes, depreciation, and amortization margin to be flat or down by as much as 100 basis points year over year in that quarter. In Performance Coatings, it expects sales, earnings, and margin growth to return during Q3 and beyond as the automotive refinish business stabilizes and the pricing impact improves.
