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Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#486
Positioning
Market Dominance
Manufacturing
Chemicals
$23.7B
Michael H. McGarry
PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials worldwide. The company's Performance Coatings segment offers coatings for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings and specialty coatings. The Industrial Coatings division also provides TESLIN substrates for labels, e-passports, drivers' licenses, breathable membranes and loyalty and identification cards.
Headcount
52.0K
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Dates updated upon official exchange announcement.
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X-AXIS: EV/EBITDA (LOWER = CHEAPER) | Y-AXIS: ROE (HIGHER = ELITE) | RED CIRCLE = PPG ANALYSIS TARGET
| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$UL UNILEVER PLC | 78 | 96 | 98 | 59 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$ASML ASML HOLDING NV | 77 | 89 | 86 | 83 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$ESLT ELBIT SYSTEMS LTD | 76 | 81 | 87 | 85 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$MT ArcelorMittal | 75 | 71 | 98 | 85 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$AMAT APPLIED MATERIALS INC /DE | 75 | 85 | 87 | 84 | 20.9x | 13.6x | 32.9% | 20.5% | 48.8% | 30.6% | 24.4% | 7.7% | 0.9% | 32.0x | $148.6B | VS | |
$SIMO Silicon Motion Technology CORP | 75 | 84 | 86 | 85 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$CODA Coda Octopus Group, Inc. | 74 | 83 | 90 | 79 | 16.3x | 11.9x | 7.4% | 7.5% | 68.3% | 19.5% | 18.2% | 29.0% | 0.0% | 0.0x | $84M | VS | |
$GSK GSK plc | 74 | 84 | 90 | 70 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$EFXT Enerflex Ltd. | 74 | 80 | 91 | 83 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$BUD Anheuser-Busch InBev SA/NV | 74 | 84 | 97 | 63 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PPG PPG INDUSTRIES INC | 62 | 64 | 76 | 53 | 16.2x | 10.9x | 21.7% | 8.0% | 41.6% | 16.7% | 10.6% | -14.8% | 2.6% | 90.0x | $23.7B | ||
| SECTOR BENCH | - | - | - | - | - | 22.3x | 11.5x | -1.9% | 0.9% | 44.1% | 2.5% | 1.0% | 6.7% | 0.0% | 0.2x | - | REF |
PPG INDUSTRIES INC (PPG) receives a "Hold" rating with a composite score of 62.2/100. It ranks #486 out of 7,333 stocks in our coverage universe and carries a 3-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
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HQ Base
Pittsburgh, Pennsylvania
In-line with peers — no strong momentum signal
Trading at a discount to fundamentals — favorable entry valuation
High profitability & efficiency — strong quality floor supports entry
Low volatility — smoother ride and historically better risk-adjusted returns
Moderate investment profile
Mid-range overall rating
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Relative valuation derived from Manufacturing sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
Projection based on user-defined inputs. Re-calculated daily against current market data.
Reverse DCF Framework — Mauboussin Methodology
Institutional-grade Reverse DCF analysis. This model identifies the growth hurdles embedded in current market prices. When implied growth is significantly lower than historical or projected rates, a margin of safety may exist. Re-audited daily.
No analyst ratings for PPG.
View All Ratings| Factor | Global | Sector | Tilt |
|---|---|---|---|
| PROFITABILITY | 64 | 70 | -6DRAG |
| MOMENTUM | 53 | 50 | +3NEUTRAL |
| VALUATION | 76 | 80 | -4NEUTRAL |
| INVESTMENT | 44 | 83 | -39DRAG |
| STABILITY | 83 | 88 | -5NEUTRAL |
| SHORT INT | 47 | 44 | +3NEUTRAL |
Global = full universe. Sector = relative to industry peers. Positive tilt indicates idiosyncratic strength.
ROIC 28.8% vs WACC 7.9% (spread +20.9%)
GM 42% vs sector 44%, OM 17% vs sector 3%
Capital turnover 2.90x, R&D intensity 2.8%
Rev growth -15%, 10yr history
Interest coverage 31.5x, Net debt/EBITDA 2.1x
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
We rate PPG INDUSTRIES INC (PPG) as a Hold with a composite score of 62.2/100 at a current price of $125.53. The stock presents a mixed quantitative picture — neither compelling enough to warrant new accumulation nor weak enough to justify selling.
PPG INDUSTRIES INC holds a top-quartile position (#0 of 50) within the Manufacturing sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 62.2/100 places it at rank #486 in our full universe.
Narrow
Medium
Standard
Undervalued
Gross margins of 42% signal strong pricing power.
Returns on equity of 21.7% exceed cost of capital.
Value factor score of 76 suggests attractive pricing.
Vulnerability to macroeconomic shocks and interest rate volatility.
PPG INDUSTRIES INC represents a hold based on multi-factor quantitative performance.
Our model assigns PPG INDUSTRIES INC a Hold rating, with a composite score of 62.2/100 and 3 out of 5 stars. Ranked #486 of 7,333 stocks, PPG presents a mixed quantitative picture — neither compelling enough to initiate new positions nor weak enough to warrant selling. Investors already holding may consider maintaining their position while monitoring for changes in the factor profile.
With a quality score of 64/100, PPG shows adequate but unremarkable business quality. The company reports a return on equity of 21.7% (sector avg: -1.9%), gross margins of 41.6% (sector avg: 44.1%), net margins of 10.6% (sector avg: 1.0%). This suggests the company generates acceptable returns but may lack the competitive positioning or operational efficiency to stand out from peers.
PPG carries a solid value score of 76/100, pointing to an attractively priced stock relative to peers. Key valuation metrics include a P/E ratio of 16.16x, an EV/EBITDA of 10.90x, a P/B ratio of 3.51x. This score suggests reasonable compensation for the risks involved, with potential upside if the market recognizes the stock's underlying worth.
With an investment score of 44/100, PPG exhibits moderate growth-oriented spending. Key growth metrics include revenue growth of -14.8% vs. a sector average of 6.7% and a return on assets of 8.0% (sector: 0.9%). The company appears to be balancing growth investments with capital returns, though the pace of investment may not be enough to accelerate top-line growth meaningfully.
PPG demonstrates moderate momentum with a score of 53/100, suggesting a neutral price trend without strong directional conviction. Revenue growth stands at -14.8% year-over-year, while a beta of 0.94 reflects its sensitivity to broader market moves. Moderate momentum may indicate the stock is consolidating or transitioning between trends, warranting close monitoring of upcoming catalysts.
PPG shows good financial stability with a score of 83/100. Key stability metrics include a beta of 0.94 and a debt-to-equity ratio of 90.00x (sector avg: 0.2x). This suggests manageable leverage and moderate price volatility, making it appropriate for investors seeking a balance between growth potential and capital preservation.
The short interest score of 47/100 for PPG suggests somewhat elevated bearish positioning by institutional traders. Specific risk factors include elevated leverage (D/E: 90.00x). With a $23.7B market cap (large-cap), PPG INDUSTRIES INC may experience above-average volatility. Investors should consider whether the short thesis has merit or if it creates a potential short-squeeze opportunity.
PPG pays a solid dividend yield of 2.6%, contributing an income component to total returns. This moderate yield suggests a balance between returning capital to shareholders and retaining earnings for reinvestment — a common profile among quality compounders.
PPG INDUSTRIES INC is a large-cap company in the Manufacturing sector, ranked #0 of 50 in its sector (100th percentile) and #486 of 7,333 overall (93rd percentile). Key comparisons include ROE of 21.7% exceeding the -1.9% sector median and operating margins of 16.7% above the 2.5% sector average. This top-quartile standing reflects exceptional competitive strength relative to Manufacturing peers.
While PPG currently exhibits a HOLD profile, superior opportunities exist within the MANUFACTURING sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
View Top Manufacturing Alpha →Quant Factor Profile
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Investment (44) is the limiting factor — improvement here would lift the composite score most.
EV/EBITDA IN LINE WITH SECTOR BENCHMARKS
ROE 1242% BELOW SECTOR MEDIAN
Gross Margin 6% BELOW SECTOR MEDIAN
Above 50MA
37.18%
Net New Highs
+51081
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