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PPG

PPG Industries Inc

NYSE: PPG · BASIC MATERIALS · SPECIALTY CHEMICALS

$104.69
-2.78% today

Updated 2026-04-29

Market cap
$23.43B
P/E ratio
15.13
P/S ratio
1.48x
EPS (TTM)
$6.92
Dividend yield
—
52W range
$93 – $133
Volume
2.2M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

PPG Industries Inc (PPG) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$104.69
Consensus
$124.25
+18.68%
2030 Target
—
—
DCF
$153.53
+14.66% MoS
12 analysts:
3 Buy6 Hold0 Sell

Management guidance

PPG reaffirmed FY2026 EPS guidance of $7.70-$8.10 at earnings call. Management has not provided explicit revenue targets through 2030, but Q4 2025 earnings demonstrated resilience with revenue beat despite EPS miss. Company emphasizes strategic innovation (InsightsNav platform, laser curing commercialization) and margin expansion as growth drivers.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$1,620.87
—
Base case (2030)
$970.46
—
Bear case (2030)
$650.41
—

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)
Revenue$16.2B$15.8B$15.9B$16.6B$17.1B$17.6B$18.1B
Revenue growth—-2.4%0.2%4.3%2.9%3.1%3.2%
EPS$7.67$8.10$7.58$8.09$8.78$9.25$9.80
P/S ratio———12.0x12.0x12.0x12.0x
Implied price———$887.86$918.84$939.48$970.46

Catalysts & risks

Growth catalysts
+ Recovery in automotive refinish and industrial coatings as insurance premiums stabilize and manufacturing cycles improve
+ Successful commercialization of laser-based powder curing technology (partnership with IPG Photonics and Whirlpool)
+ Digital platform adoption (PPG InsightsNav) driving operational leverage and deeper customer relationships in marine and protective coatings segments
+ Housing market stabilization supporting architectural coatings demand
+ Margin expansion from pricing actions and operational efficiency despite raw material cost pressures
Key risks
- Significant insider selling despite institutional buying interest; management confidence concerns
- Currency headwinds impacting international revenue; 8.81% YoY sales decline in TTM despite 16.14% EPS growth signals margin squeeze vulnerability
- Industrial coatings pricing pressure and cyclical demand downturn in manufacturing and construction sectors
- High debt levels (Debt/Eq 0.99) limiting financial flexibility in economic slowdown; refinancing risk
- Valuation compression risk: stock down 32% over 5Y despite strong fundamentals; recent analyst downgrades (Citigroup, UBS) reflect uncertain near-term catalyst clarity

Methodology

PPG Industries Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 12 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.