PPG Industries (PPG) Stock Forecast & Price Target

PPG price $119.28 +0.84 +0.71%

Ticker
PPG
Price
$119.28
Change
+0.84 +0.71%
Market cap ?
$26.52B
P/E ?
16.82
Forward P/E ?
15.11
Dividend yield ?
2.42%
Beta ?
1.05
Sector
Basic Materials
Industry
Chemicals - Specialty
Stocklytics score
52
Value
51
Quality
50
Growth
54

Stocklytics score rationale: value 51, quality 50, growth 54.

Financials

2016201720182019202020212022202320242025
14270000000147480000001537400000015146000000138340000001680200000015614000000162420000001584500000015875000000

PPG Industries, Inc. operates globally as a manufacturer and distributor of paints, protective coatings, and various specialty materials. Its Performance Coatings division offers an extensive range of products, including paints, solvents, adhesives, sealants, and software, designed for the repair and refurbishment of automotive and commercial vehicles, light industrial applications, and signage. This segment also…

Fair value

PPG fair value $163.81. Price $119.28. Price is 27% below fair value.

Below fair value, and cheaper than usual. A larger discount than on 97% of days in the past 5 years.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.

Calculated with a 10-year free-cash-flow discount. Starting free cash flow 1.05B. Growth 13.48%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 10.08% (beta 1.05). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 222.30M. Net debt 5.73B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.

Compare PPG

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2027-01-26—1.70—4.07B
2026-10-272.252.124.35B4.28B
2026-07-282.232.254.50B4.37B
2026-04-281.831.783.93B3.85B
2026-01-271.511.583.91B3.78B
2025-10-282.132.104.08B4.05B
2025-07-292.222.234.20B4.16B
2025-04-291.721.623.68B3.66B
2025-01-301.611.642.17B4.05B
2024-10-162.132.154.58B4.66B
2024-07-182.502.484.79B4.90B
2024-04-181.861.864.31B4.43B
2024-01-181.531.504.35B4.27B
2023-10-182.071.944.64B4.64B
2023-07-202.252.144.87B4.84B
2023-04-201.821.554.38B4.39B
2023-01-191.221.134.18B4.11B
2022-10-191.661.654.47B4.43B
2022-07-211.811.734.69B4.67B
2022-04-211.371.124.31B4.24B
2022-01-201.261.174.19B4.26B
2021-10-201.691.584.37B4.33B
2021-07-191.942.194.36B4.34B
2021-04-151.881.563.88B3.67B
2021-01-211.591.573.76B3.73B
2020-10-191.931.923.69B3.67B
2020-07-160.990.653.02B2.16B
2020-04-271.191.183.38B3.35B
2020-01-161.311.343.67B3.76B
2019-10-171.671.613.83B3.69B
2019-07-181.851.834.02B3.98B
2019-04-181.381.213.62B3.18B
2019-01-171.151.103.65B3.49B
2018-10-181.451.453.82B3.82B
2018-07-191.901.884.13B4.09B
2018-04-191.391.393.79B3.78B
2018-01-181.191.183.68B3.65B
2017-10-191.521.523.78B3.78B
2017-07-201.831.823.81B3.78B
2017-04-201.351.323.57B3.41B

Dividends

Yield 2.41%. Payout ratio 40.89%. Frequency Quarterly.

Safety score 88/100 · Safe. Payout ratio is 41% of earnings. Dividends use a moderate share of free cash flow. Dividends were paid in 44 separate years. Yield is 2.4%, in a range that is usually sustainable.

Ex-dateDividendRecordPaymentFrequency
2026-11-10$0.742026-11-102026-12-11Quarterly
2026-08-10$0.742026-08-102026-09-11Quarterly
2026-05-11$0.712026-05-112026-06-12Quarterly
2026-02-20$0.712026-02-202026-03-12Quarterly
2025-11-10$0.712025-11-102025-12-12Quarterly
2025-08-11$0.712025-08-112025-09-12Quarterly
2025-05-12$0.682025-05-122025-06-12Quarterly
2025-02-21$0.682025-02-212025-03-12Quarterly
2024-11-12$0.682024-11-122024-12-12Quarterly
2024-08-12$0.682024-08-122024-09-12Quarterly
2024-05-09$0.652024-05-102024-06-12Quarterly
2024-02-15$0.652024-02-162024-03-12Quarterly
2023-11-09$0.652023-11-102023-12-12Quarterly
2023-08-09$0.652023-08-102023-09-12Quarterly
2023-05-09$0.622023-05-102023-06-12Quarterly
2023-02-16$0.622023-02-172023-03-10Quarterly
2022-11-09$0.622022-11-102022-12-12Quarterly
2022-08-09$0.622022-08-102022-09-10Quarterly
2022-05-09$0.592022-05-102022-06-10Quarterly
2022-02-17$0.592022-02-182022-03-11Quarterly
2021-11-09$0.592021-11-102021-12-10Quarterly
2021-08-09$0.592021-08-102021-09-10Quarterly
2021-05-07$0.542021-05-102021-06-11Quarterly
2021-02-18$0.542021-02-192021-03-12Quarterly
2020-11-09$0.542020-11-102020-12-11Quarterly
2020-08-07$0.542020-08-102020-09-11Quarterly
2020-05-08$0.512020-05-112020-06-12Quarterly
2020-02-20$0.512020-02-212020-03-12Quarterly
2019-11-08$0.512019-11-122019-12-12Quarterly
2019-08-09$0.512019-08-122019-09-12Quarterly
2019-05-09$0.482019-05-102019-06-12Quarterly
2019-02-21$0.482019-02-222019-03-12Quarterly
2018-11-08$0.482018-11-122018-12-12Quarterly
2018-08-09$0.482018-08-102018-09-12Quarterly
2018-05-09$0.452018-05-102018-06-12Quarterly
2018-02-15$0.452018-02-162018-03-12Quarterly
2017-11-09$0.452017-11-102017-12-12Quarterly
2017-08-08$0.452017-08-102017-09-12Quarterly
2017-05-08$0.402017-05-102017-06-12Quarterly
2017-02-15$0.402017-02-172017-03-10Quarterly
2016-11-08$0.402016-11-102016-12-12Quarterly
2016-08-08$0.402016-08-102016-09-12Quarterly
2016-05-06$0.402016-05-102016-06-10Quarterly
2016-02-17$0.362016-02-192016-03-11Quarterly
2015-11-06$0.362015-11-102015-12-11Quarterly
2015-08-06$0.362015-08-102015-09-11Quarterly
2015-05-07$0.362015-05-112015-06-12Quarterly
2015-02-18$0.342015-02-202015-03-12Quarterly
2014-11-06$0.342014-11-102014-12-12Quarterly
2014-08-07$0.342014-08-112014-09-12Quarterly
2014-05-08$0.342014-05-122014-06-12Quarterly
2014-02-19$0.302014-02-212014-03-12Quarterly
2013-11-06$0.302013-11-112013-12-12Quarterly
2013-08-08$0.302013-08-122013-09-12Quarterly
2013-05-08$0.302013-05-102013-06-12Quarterly
2013-02-20$0.292013-02-222013-03-12Quarterly
2012-11-07$0.292012-11-092012-12-12Quarterly
2012-08-08$0.292012-08-102012-09-12Quarterly
2012-05-08$0.292012-05-102012-06-12Quarterly
2012-02-15$0.282012-02-172012-03-12Quarterly
2011-11-08$0.282011-11-102011-12-12Quarterly
2011-08-08$0.282011-08-102011-09-12Quarterly
2011-05-06$0.282011-05-102011-06-10Quarterly
2011-02-16$0.282011-02-182011-03-11Quarterly
2010-11-08$0.282010-11-102010-12-10Quarterly
2010-08-06$0.282010-08-102010-09-10Quarterly
2010-05-06$0.272010-05-102010-06-11Quarterly
2010-02-17$0.272010-02-192010-03-12Quarterly
2009-11-06$0.272009-11-102009-12-11Quarterly
2009-08-06$0.272009-08-102009-09-11Quarterly
2009-05-07$0.272009-05-112009-06-12Quarterly
2009-02-18$0.272009-02-202009-03-12Quarterly
2008-11-06$0.272008-11-102008-12-12Quarterly
2008-08-07$0.262008-08-112008-09-12Quarterly
2008-05-08$0.262008-05-122008-06-12Quarterly
2008-02-20$0.262008-02-222008-03-12Quarterly
2007-11-07$0.262007-11-122007-12-12Quarterly
2007-08-08$0.262007-08-102007-09-12Quarterly
2007-05-08$0.252007-05-102007-06-12Quarterly
2007-02-14$0.252007-02-162007-03-12Quarterly

Insider trades

DateInsiderActionSharesPriceValue
2028-02-25Gette Joseph R.Other4.05K$114.39463.28K
2027-02-21Gette Joseph R.Other2.60K$142.65370.89K
2026-10-15Massy Robert L.Buy16$107.811.68K
2026-10-15KNAVISH TIMOTHY MBuy29$107.813.14K
2026-10-15Hefel Juliane M.Buy1$107.81151
2026-10-15Hagerty Chancey E.Buy16$107.811.73K
2026-10-15Braun Kevin D.Buy18$107.811.90K
2026-10-15Bellezza AlishaBuy17$107.811.79K
2026-10-15Beggs Jamie A.Buy9$107.81997
2026-10-01NOVO GUILLERMOBuy383$104.6740.12K
2026-10-01Fortmann Kathy LynnBuy335——
2026-09-30Massy Robert L.Buy16——
2026-09-30KNAVISH TIMOTHY MBuy35——
2026-09-30Hefel Juliane M.Buy2——
2026-09-30Hagerty Chancey E.Buy17——
2026-09-30Braun Kevin D.Buy25——
2026-09-30Bellezza AlishaBuy1——
2026-09-30Beggs Jamie A.Buy46——
2026-09-15Massy Robert L.Buy16——
2026-09-15KNAVISH TIMOTHY MBuy36——
2026-09-15Hefel Juliane M.Buy2——
2026-09-15Hagerty Chancey E.Buy17——
2026-09-15Braun Kevin D.Buy19——
2026-09-15Bellezza AlishaBuy1——
2026-09-11Hefel Juliane M.Buy10$104.781.05K
2026-09-11Hefel Juliane M.Buy3$106.89358
2026-09-11Hefel Juliane M.Buy11——
2026-09-11Massy Robert L.Buy1——
2026-09-11KNAVISH TIMOTHY MBuy100——
2026-09-11Hagerty Chancey E.Buy2——
2026-09-11Ericson Amy R.Buy2——
2026-09-11Braun Kevin D.Buy7——
2026-09-11Bellezza AlishaBuy1——
2026-09-11Topalian Leon JBuy22——
2026-09-11Roberts III ChrisBuy45——
2026-09-11NOVO GUILLERMOBuy127——
2026-09-11Nally MichaelBuy98——
2026-09-11LIGOCKI KATHLEENBuy86——
2026-09-11LAMACH MICHAEL WBuy146——
2026-09-11Heminger Gary R.Buy119——
2026-09-11Healey MelanieBuy62——
2026-09-11Fortmann Kathy LynnBuy60——
2026-08-31Massy Robert L.Buy0——
2026-08-31KNAVISH TIMOTHY MBuy35——
2026-08-31Hefel Juliane M.Buy2——
2026-08-31Hagerty Chancey E.Buy16——
2026-08-31Foulkes Anne M.Buy17——
2026-08-31Braun Kevin D.Buy23——
2026-08-31Bellezza AlishaBuy1——
2026-08-14Beggs Jamie A.Buy28.04K——
2026-08-14Massy Robert L.Buy0——
2026-08-14KNAVISH TIMOTHY MBuy23——
2026-08-14Hefel Juliane M.Buy1——
2026-08-14Hagerty Chancey E.Buy15——
2026-08-14Foulkes Anne M.Buy16——
2026-08-14Braun Kevin D.Buy1——
2026-08-14Bellezza AlishaBuy0——
2026-07-31Massy Robert L.Buy0——
2026-07-31KNAVISH TIMOTHY MBuy35——
2026-07-31Hefel Juliane M.Buy2——
2026-07-31Hagerty Chancey E.Buy16——
2026-07-31Foulkes Anne M.Buy18——
2026-07-31Braun Kevin D.Buy8——
2026-07-31Bellezza AlishaBuy1——
2026-07-15Massy Robert L.Buy0——
2026-07-15KNAVISH TIMOTHY MBuy41——
2026-07-15Hefel Juliane M.Buy3——
2026-07-15Hagerty Chancey E.Buy15——
2026-07-15Foulkes Anne M.Buy17——
2026-07-15Braun Kevin D.Buy2——
2026-07-15Bellezza AlishaBuy1——
2026-07-06Beggs Jamie A.Buy18.50K$124.042.30M
2026-07-06Beggs Jamie A.Buy5.04K——
2026-07-06Beggs Jamie A.Other0——
2026-07-01NOVO GUILLERMOBuy324——
2026-07-01Fortmann Kathy LynnBuy285——
2026-06-30Massy Robert L.Buy0——
2026-06-30KNAVISH TIMOTHY MBuy31——
2026-06-30Hefel Juliane M.Buy2——
2026-06-30Hagerty Chancey E.Buy0——
2026-06-30Foulkes Anne M.Buy16——
2026-06-30Braun Kevin D.Buy7——
2026-06-30Bellezza AlishaBuy1——
2026-06-15Hefel Juliane M.Buy1——
2026-06-15Massy Robert L.Buy0——
2026-06-15KNAVISH TIMOTHY MBuy28——
2026-06-15Hagerty Chancey E.Buy0——
2026-06-15Foulkes Anne M.Buy16——
2026-06-15Braun Kevin D.Buy1——
2026-06-15Bellezza AlishaBuy1——
2026-06-12Hefel Juliane M.Buy9$114.841.00K
2026-06-12Hefel Juliane M.Buy3$121.45342
2026-06-12Hefel Juliane M.Buy7——
2026-06-12Morales Vincent JBuy122——
2026-06-12Massy Robert L.Buy1——
2026-06-12KNAVISH TIMOTHY MBuy64——
2026-06-12Hagerty Chancey E.Buy1——
2026-06-12Foulkes Anne M.Buy4——
2026-06-12Ericson Amy R.Buy1——
2026-06-12Braun Kevin D.Buy5——

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 1.13K, holders +46 vs prior quarter. Ownership 91.63%.

HolderSharesChangeChange %Value
BLACKROCK, INC.23.55M-473.31K-1.97%2.86B
VANGUARD CAPITAL MANAGEMENT LLC14.55M9.01K+0.06%1.76B
STATE STREET CORP13.87M1.12M+8.82%1.68B
VANGUARD PORTFOLIO MANAGEMENT LLC12.83M532+0.00%1.56B
WELLINGTON MANAGEMENT GROUP LLP8.61M-1.76M-16.97%1.04B
FRANKLIN TEMPLETON INC7.88M299.67K+3.95%956.00M
PZENA INVESTMENT MANAGEMENT LLC7.81M328.79K+4.40%946.96M
FIRST EAGLE INVESTMENT MANAGEMENT, LLC6.51M74.75K+1.16%789.58M
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC6.33M171.70K+2.79%767.96M
GEODE CAPITAL MANAGEMENT, LLC6.08M38.57K+0.64%734.81M
JPMORGAN CHASE & CO4.46M-161.52K-3.49%539.64M
INVESCO LTD.3.58M-251.08K-6.55%434.80M
BEUTEL, GOODMAN & CO LTD.3.23M-484.82K-13.06%391.44M
CHARLES SCHWAB INVESTMENT MANAGEMENT INC3.05M72.77K+2.44%370.15M
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P.3.05M3.05MNew370.15M
DIMENSIONAL FUND ADVISORS LP3.04M117.09K+4.00%369.01M
MORGAN STANLEY3.01M-886.60K-22.77%364.78M
BANK OF NEW YORK MELLON CORP2.63M121.59K+4.85%318.87M
BANK OF AMERICA CORP /DE/2.30M264.52K+13.00%278.97M
NORTHERN TRUST CORP2.20M-61.33K-2.72%266.23M
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC2.05M-6.96K-0.34%248.64M
NORGES BANK1.62M1.62MNew196.99M
COOKE & BIELER LP1.59M308.39K+24.04%193.02M
GOLDMAN SACHS GROUP INC1.56M-8.12K-0.52%189.13M
VICTORY CAPITAL MANAGEMENT INC1.56M337.59K+27.66%189.00M

Forecast

Consensus Buy from 26 analysts. Average price target $130.50, +9.4% versus the current price. Low $116.00. High $138.00.

Insights · Dividends · Forecast · Financials · Learn

Stocklytics home · Screener

Analysts have an average 12-month price target of $130.50 for PPG Industries (PPG), 9.4% above the current price of $119.28. Of 26 analysts covering the stock, 13 rate it Buy or Strong Buy, 13 Hold, and 0 Sell or Strong Sell, giving a consensus of Buy.

Forecasts are third-party estimates and often wrong. They are not investment advice.

PPG price target

12-month price target
Low$116.00
Average$130.50
High$138.00

The average is 9.4% above the current price of $119.28.

Is PPG Industries a buy or sell?

Of 26 analysts, 13 rate PPG Industries Buy or Strong Buy, 13 Hold, and 0 Sell or Strong Sell. The consensus label is Buy. That split is not a recommendation.

PPG Industries earnings and revenue forecast

Analyst averages on file: 2026, EPS $7.89, revenue $16.79 billion. 2027, EPS $8.57, revenue $17.33 billion.

PPG score and fair value

The Stocklytics Score for PPG is 52 out of 100. It averages value, quality, and growth against a large-cap US universe. It is not a price target and not a buy or sell rating. Fair value is a separate estimate on the fair value tab.

PPG forecast FAQs

What is the PPG price target?

$130.50 average, with a published range of $116.00 to $138.00.

Is PPG Industries a buy or sell?

The consensus is Buy from 26 analysts. This is not a recommendation.

What is the PPG Industries stock forecast for 2026?

Analysts' average EPS estimate for 2026 on file is $7.89. The average revenue estimate is $16.79 billion.

What will PPG be worth in 2030?

No reliable forecast exists that far out.

When is PPG Industries's next earnings report?

The next earnings date is shown on the stock page when a future report is on the calendar. This forecast does not invent a date.

Capital is at risk. Stocklytics is operated by Stocklytics Inc., a Marshall Islands company. It is not regulated by the FCA and does not give investment advice.

PPG Industries (PPG) Stock Forecast & Price Target

PPG$119.28+0.84 +0.71%

$26.52B

Market Cap

16.82

P/E

15.11

Forward P/E

52

Score

Price History