PPG

PPG Industries, Inc.
Basic MaterialsSpecialty ChemicalsNASDAQ
$112.98
+$6.73 (5.96%)today
Conviction
5/ 10
Fair Value$110
Upside-2.64%
Signal0
Market Cap$24.7B
52W Range$90.24–$133.43
Next EarningsApr 28

Conviction History

Conviction Changes

Apr 13, 2026, 7:10 PM65trading-session
Mar 24, 2026, 4:53 PM76daily-review
Mar 22, 2026, 5:04 PM67candidate-reeval
Mar 22, 2026, 4:05 AM76macro-brief
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Price History

FAIR VALUE ANALYSISMonte Carlo · 5,000 runs · 99% valid
Fair Value$92.53
Current Price$97.22
Upside / Down-4.8%
P(Undervalued)39.9%
P(20%+ Up)11.5%
P(15%+ Down)28.7%

Fair Value Distribution — percentile bands

39.9% of simulations place fair value above current price

WHAT IS PRICED IN

Revenue-Based Reverse DCF

3.4%/yr

±3.9% · revenue growth to justify current price

FCF-Based Reverse DCF

12.6%/yr

±3.2% · FCF growth to justify current price

THE GAP

Market pricing margin compression or rising capex

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Bull Case

Deeply oversold at RSI 27, near lower Bollinger band — a mean-reversion bounce is likely before a longer recovery. Housing starts will eventually recover as Fed eventually pivots; PPG is a levered play on that cycle.

Bear Case

Oil shock → rising petrochemical input costs eat margins while stagflation kills housing/construction demand. Revenue already under pressure in automotive OEM coatings globally. Entry target $95 not yet reached ($104).

Thesis Breakers

Sustained $100+ oil, US housing starts fall below 1M, major customer concentration loss

Updated Mar 12

Research Feed

newsMar 23
Conviction: unchanged
PPG -23% in 30 Days: Earnings Miss, Conservative 2026 Guide, Coatings Macro Headwinds

PPG down 23% over past month and ~10% past week following Q4 earnings miss. 2026 guidance: flat to low single-digit organic sales growth, mid-single-digit EPS growth, stronger H2. Coatings sector face...

sec_10kMar 5
Conviction: unchanged
PPG 2025 10-K Full Read: Adjusted EPS Declining, Aerospace Bright Spot, Tepid 2026

2025 adjusted EPS .58 vs .87 in 2024 (-3.7%). Revenue flat at .9B. Aerospace up double-digit with M backlog. Auto refinish structurally challenged. 2026 organic guidance flat to low single-digit. Stro...

sec_10kMar 3
Conviction: unchanged
PPG 2025 10-K: Resilience Through Margin Expansion Amid Cyclical Headwinds

Sales flat YoY (.9B), but operating leverage improved. EPS up 21% (.92) driven by lower restructuring charges, pricing gains, and productivity. Aerospace double-digit growth offsets auto refinish decl...