PPG Industries, Inc. research snapshot
PPG AI stock analysis reads PPG Industries as a coatings franchise that is growing organically again after a pullback in the stock. At the August 2, 2026 data cutoff, the reference price was $110.52 based on the July 31, 2026 close, market capitalization was about $24.57 billion, and the stock traded near 15.9x trailing EPS and about 14x forward EPS. The Q2 2026 report, released July 28, 2026, delivered net sales of $4.5 billion up 7% with organic growth of 4%, the sixth straight quarter of organic growth across all three segments and eight of nine businesses, and adjusted EPS of $2.23. Management covered about 90% of cost of goods sold inflation with pricing in the quarter and expects to reach 100% coverage by the fourth quarter, one quarter ahead of the prior plan, while reaffirming full-year 2026 adjusted EPS guidance of $7.70 to $8.10. The offsetting factor is that raw material, energy, logistics, and packaging costs are rising because of the Iran war, Automotive Refinish organic sales fell by a double-digit percentage on tough comparisons, and the stock dropped about 6% on July 29 after the report. This PPG AI stock analysis uses scenario ranges, not a certain price prediction, and is informational research, not investment advice.
Current price
$110.52
Market cap
$24.57 billion
AI score
66 / 100
Rating
Improving growth execution with cost inflation watch
Trend status
Above the 200-day average but below the 50-day average after a post-earnings pullback
Data cutoff (updated monthly)
August 4, 2026
Informational use only. This page is not investment advice.
| Dimension | Conclusion | Confidence |
|---|---|---|
| Business quality | PPG is a global coatings and specialty materials company serving architectural, industrial, automotive OEM and refinish, aerospace, packaging, protective and marine customers in more than 50 countries, with TTM revenue near $16.42 billion. | High |
| Moat | The moat comes from brand recognition, coating chemistry, customer qualifications, color systems, aerospace and automotive specifications, packaging technology, distribution, and global scale, though pricing power still varies by end market. | Medium-high |
| Management | Tim Knavish and the team delivered a sixth straight quarter of organic growth, pricing that covered about 90% of cost inflation in Q2, an aerospace capacity build of more than $500 million, a dividend increase to $0.74 per share, and buybacks for an 11th straight quarter. | Medium-high |
| Financial trend | Q2 2026 net sales rose 7% to $4.5 billion with organic growth of 4%, adjusted EPS was $2.23, the adjusted EBITDA margin was above 17%, and management reaffirmed full-year 2026 adjusted EPS guidance of $7.70 to $8.10. | High |
| Valuation | At $110.52, PPG traded near 15.9x trailing EPS, 14x forward EPS on 2026 estimates, 1.50x sales, 2.91x book value, 17.5x free cash flow, and a 2.68% dividend yield, which is a less demanding multiple than its late-cycle highs. | Medium-high |
| Technical trend | The stock closed at $110.52 on July 31, 2026, above the 200-day moving average near $109.51 but below the 50-day average near $116.04 and the 100-day average near $111.23, with 14-day RSI near 40. | Medium |
| Risk level | Risk is moderate to elevated: the Iran war is driving raw material, energy, logistics, and packaging cost inflation, Automotive Refinish is cycling a double-digit organic decline, Europe demand remains mixed, and FX and industrial cycles can still pressure earnings. | Medium-high |
| AI confidence | Source depth is strong, and key price, market cap, shares, revenue, net income, EPS, cash, debt, valuation, and scenario math were checked with financial_rigor.py to within 0.01% deviation across StockAnalysis.com, MacroTrends, and PPG disclosures. | High |
| Investment certainty | Investment certainty is lower than data confidence because the outcome depends on cost coverage, share gain launch timing, refinish recovery, demand mix, and the valuation multiple, not just the quality of the disclosures. | Medium |
PPG AI stock forecast
The PPG AI stock forecast uses scenario math around the $110.52 reference price and the reaffirmed 2026 adjusted EPS guidance midpoint of $7.90. Using adjusted EPS growth of 9%, 5%, and 1% and exit multiples of 17x, 15x, and 12x over three years, the framework produced a bullish area near $173, a base area near $137, and a bearish area near $97 before dividends. These are scenarios, not price commitments.
$165 to $180
More likely if EPS compounds near 8% to 9% for three years, pricing fully offsets cost inflation, aerospace and packaging share gains keep launching, Automotive Refinish returns to growth, and investors re-rate PPG toward a 17x earnings multiple.
$130 to $142
More likely if EPS grows near 5% annually, management delivers the $7.70 to $8.10 2026 guidance, cost coverage holds, and valuation stays near a 15x earnings multiple consistent with the average analyst target near $125.65.
$92 to $102
More likely if raw-material and energy inflation outruns pricing, Europe or industrial demand weakens further, Automotive Refinish recovery stalls, or investors compress the multiple toward 12x as implied by the $108 low analyst target.
PPG AI technical analysis
PPG AI technical analysis starts from the August 2, 2026 data cutoff and the July 31, 2026 close of $110.52. The stock sits above the 200-day moving average near $109.51 but below the 50-day moving average near $116.04 and the 100-day moving average near $111.23, with 14-day RSI near 40 and 14-day ADX near 12 indicating a range more than a strong trend. The 52-week range was $93.39 to $133.43. Because this page is static, live chart levels should be checked before acting.
| Level | Value | Why it matters |
|---|---|---|
| Current price | $110.52 | Reference close used for this page as of the August 2, 2026 data cutoff, based on the July 31, 2026 market close. |
| Near support | $109.5 to $110 | Zone around the 200-day moving average near $109.51 and the July 31 session low near $109.54. A decisive close below this area would weaken the longer-term trend signal. |
| Secondary support | $104 to $106 | Area around the May 2026 lows near $104.39 reached on May 20, which is the next risk reset level if the 200-day zone fails. |
| Near resistance | $113.5 to $116 | Zone from the July 30 high near $113.53 up to the 50-day moving average near $116.04. Reclaiming it would improve short-term momentum. |
| Major resistance | $120 to $133.5 | The July 6 and July 7 highs near $124 and $125, the July 28 pre-report close near $119, and the 52-week high of $133.43 form the overhead breakout zone. |
| 50-day moving average | About $116.04 | StockAnalysis.com and Barchart both reported the 50-day moving average near $116.04 on July 31, 2026, with the close below it. |
| 100-day moving average | About $111.23 | Barchart reported the 100-day moving average near $111.23, just above the July 31 close, marking the first overhead hurdle. |
| 200-day moving average | About $109.51 | StockAnalysis.com and Barchart both reported the 200-day moving average near $109.51, just below the current price and the key longer-term support. |
| Momentum | RSI near 40, ADX near 12 | Barchart showed 14-day RSI near 40.06 and 14-day ADX near 12.18 on July 31, 2026, signaling neutral momentum and a range rather than a strong trend. |
| Volume | 2.58 million shares on July 31 | StockAnalysis.com reported July 31 volume of 2.58 million shares against a 20-day average near 2.0 million; the 4.1 million share session on July 29 marked the post-earnings selling. |
| Volatility | Elevated near earnings and macro news | Barchart reported 14-day historical volatility near 36%, so position sizing should account for larger swings around reports, guidance, and Iran war cost headlines. |
| Invalidation | Close below $109.5 | A decisive close below the 200-day moving average near $109.51 would invalidate the longer-term constructive setup and open the path toward the $104 to $106 zone. |
PPG AI trading strategy
The PPG AI trading strategy is a rules-based framework for research and monitoring. It does not tell any individual investor to buy, sell, or hold PPG Industries stock.
Watch for PPG to reclaim the $113.5 to $116 zone above the 100-day and 50-day moving averages with above-average volume while company commentary confirms cost coverage, aerospace and packaging share gains, and Automotive Refinish stabilization.
A close below $109.5, weak recovery volume, or a cost and margin warning should invalidate the setup.
If PPG pulls back toward the $109.5 to $110 area or the $104 to $106 zone while filings still show organic growth, pricing discipline, stable guidance, and resilient cash flow, compare the price with forward EPS, FCF yield, and dividend support near $2.96.
Do not treat every decline as value if the selloff is tied to accelerating raw-material inflation, weaker demand, delayed refinish recovery, or a guidance cut.
Track quarterly organic growth, COGS inflation coverage versus pricing, Automotive Refinish order patterns, aerospace backlog, packaging and industrial share gains, Europe demand, net debt, cash conversion, buybacks, and the Iran war cost outlook.
Reduce confidence when price strength is not matched by volume, segment margin evidence, cash-flow conversion, and management progress on pricing and self-help actions.
Investment research summary
Customers pay PPG for paints, coatings, specialty materials, technical service, color matching, performance specifications, durability, regulatory support, and global supply reliability across construction, industrial, automotive, aerospace, marine, packaging, and aftermarket uses.
PPG has brand recognition, chemistry know-how, qualified specifications, customer relationships, global manufacturing scale, distribution, and color systems. The moat is real but not absolute because coatings demand and price-cost spreads remain cyclical.
The thesis fails if Iran war cost inflation outruns pricing, Europe demand weakens further, Automotive Refinish recovery stalls, industrial coatings share gains slow, or investors stop paying a mid-cycle quality multiple for normalized coatings earnings.
Tim Knavish and the team are executing on organic growth, pricing, portfolio focus, aerospace capacity, dividend increases, and buybacks. New CFO Jamie Beggs adds a fresh finance lens, and the track record is now six straight quarters of organic growth.
Coatings benefit from long-term aircraft build rates, packaging technology adoption, infrastructure and data center demand, vehicle production, repair activity, and sustainable product requirements, but near-term demand depends on construction, industrial production, FX, and customer inventory cycles.
The current price embeds a less demanding multiple than its late-cycle highs, near 14x forward EPS and 17.5x free cash flow. Margin of safety depends on PPG converting the reaffirmed 2026 guidance into durable earnings growth while keeping cost coverage and cash generation intact.
Source-backed data
Every metric below includes a source and last verification date.
| Metric | Value | Source | Last verified |
|---|---|---|---|
| PPG price | $110.52 at the July 31, 2026 close | StockAnalysis.com real-time quote | August 1, 2026 |
| Market capitalization | $24.57 billion, verified as $110.52 x 222.30 million shares with 0.01% deviation | financial_rigor.py market cap verification | August 2, 2026 |
| Shares outstanding | 222.30 million, down 2.53% year over year | StockAnalysis.com statistics | August 2, 2026 |
| Q2 2026 net sales | $4.5 billion, up 7% year over year, with organic growth of 4% | PPG Q2 2026 earnings release and earnings call transcript | July 29, 2026 |
| Q2 2026 adjusted EPS | $2.23, slightly higher year over year | PPG Q2 2026 earnings release | July 29, 2026 |
| Q2 2026 segment results | Global Architectural Coatings sales up 8% to $1.1 billion with 2% organic growth, Performance Coatings sales up 7% to $1.6 billion with 3% organic growth, Industrial Coatings sales up 7% to $1.8 billion with 5% organic growth | PPG Q2 2026 earnings call transcript | July 29, 2026 |
| Q2 2026 pricing and cost coverage | Net 2% selling price improvement, exit run rate of 3% for June, about 90% of COGS inflation covered in Q2, 100% coverage expected by Q4 | PPG Q2 2026 earnings call transcript | July 29, 2026 |
| FY2026 adjusted EPS guidance | $7.70 to $8.10, reaffirmed | PPG Q2 2026 earnings call | July 29, 2026 |
| FY2025 revenue | $15.875 billion, up 0.19% from $15.845 billion, cross-checked across StockAnalysis.com, MacroTrends, and PPG disclosures with 0.00% deviation | financial_rigor.py cross-validation | August 2, 2026 |
| TTM revenue | $16.42 billion, up 4.99%, cross-checked across StockAnalysis.com, MacroTrends, and PPG disclosures with 0.01% deviation | financial_rigor.py cross-validation | August 2, 2026 |
| FY2025 net income | $1.576 billion, up 41.22%, cross-checked with 0.00% deviation across StockAnalysis.com and PPG disclosures | financial_rigor.py cross-validation | August 2, 2026 |
| TTM EPS and cash flow | TTM EPS of $6.99, operating cash flow of $2.16 billion, capital expenditures of $757 million, free cash flow of $1.41 billion, and FCF per share of $6.33 | StockAnalysis.com statistics | August 2, 2026 |
| Cash and total debt | Cash and cash equivalents of $1.61 billion, total debt of $7.47 billion, net cash of about negative $5.8 billion as of June 30, 2026 | StockAnalysis.com statistics and balance sheet | August 2, 2026 |
| Net debt leverage | Net debt at 1.9x adjusted EBITDA, down more than $400 million year over year | PPG Q2 2026 earnings call transcript | July 29, 2026 |
| Dividend | $2.96 annual dividend, 2.68% yield, raised to $0.74 per quarter, 55 years of dividend growth, ex-dividend date August 10, 2026 | StockAnalysis.com dividend page and PPG dividend press release | July 31, 2026 |
| Valuation check | 15.9x trailing EPS, 14x forward EPS, 1.50x sales, 2.91x book value, 17.5x free cash flow, 2.68% dividend yield, EV/EBITDA near 11.2x | financial_rigor.py valuation verification | August 2, 2026 |
| Analyst consensus | Buy with an average target of $125.65 across 23 analysts, low $108 and high $138, median $125 | StockAnalysis.com forecast | July 30, 2026 |
| Analyst rating mix, July 2026 | 9 Strong Buy, 1 Buy, 13 Hold, 0 Sell out of 23 analysts | StockAnalysis.com forecast recommendation trends | July 30, 2026 |
| Recent analyst target updates | UBS $130 to $125 Hold, BMO Capital $138 Buy, BofA $134 to $137 Buy, Citi $125 to $121 Hold, RBC Capital $129 to $122 Hold | StockAnalysis.com forecast latest forecasts | July 30, 2026 |
| 2026 and 2027 consensus estimates | FY2026 revenue estimate $16.75 billion with adjusted EPS of $7.88, FY2027 revenue estimate $17.32 billion with adjusted EPS of $8.68 | StockAnalysis.com forecast financial forecast | July 30, 2026 |
| Short interest | 6.33 million shares short, 2.85% of shares outstanding, 3.04 days to cover | StockAnalysis.com statistics short selling | August 2, 2026 |
| Technical snapshot | 50-day moving average near $116.04, 100-day near $111.23, 200-day near $109.51, 14-day RSI near 40, 14-day ADX near 12 | StockAnalysis.com statistics and Barchart technical analysis | July 31, 2026 |
| 52-week range and July volume | 52-week range of $93.39 to $133.43, July 31 close of $110.52, July 29 drop of 6.03% on 4.1 million shares after Q2 results | StockAnalysis.com price history | August 1, 2026 |
This PPG AI stock analysis page is an informational research tool only. It is not investment advice, a recommendation, or a personalized trading plan. Forecast scenarios are based on available public data as of the stated cutoff date and can be wrong if earnings, guidance, raw-material costs, the Iran conflict, market sentiment, or company fundamentals change.
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