TacticScaleWhat PPG Industries Does & How It Makes Money (PPG)
Updated October 2026 · reflects PPG Industries's latest reported financials
Global maker of paints, coatings, and specialty materials. PPG earns revenue by manufacturing and selling coatings and specialty materials in large volumes.
How PPG Industries makes money
PPG earns revenue by manufacturing and selling coatings and specialty materials in large volumes. It sells through company-owned stores, home centers, paint dealers, and distributors, and also sells directly to manufacturers such as automakers.
What PPG Industries does
PPG Industries, founded in 1883 and headquartered in Pittsburgh, is a global maker of paints, coatings, and specialty materials. It has three segments. Global Architectural Coatings sells decorative paints, stains, adhesives, sealants, and finishes. Performance Coatings covers aerospace, automotive refinish, protective and marine coatings, and traffic pavement-marking products. Industrial Coatings supplies coatings to automakers and general industry, packaging coatings, and specialty products such as optical monomers and low-friction coatings. PPG reaches customers through several channels: its own stores and distribution networks, home centers and other retailers, paint dealers, concessionaires, independent distributors, and direct sales to manufacturers. This mix, together with a presence across the Americas, Europe, Asia Pacific, the Middle East, and Africa, ties its business to both consumer and industrial demand.
Products & services
- Architectural and decorative paints, stains, and sealants
- Automotive OEM and refinish coatings
- Aerospace coatings
- Protective and marine coatings
- Packaging coatings
- Traffic pavement marking solutions and optical monomers
What is PPG Industries worth?
On an owner-earnings DCF, PPG Industries's most-likely value is about $84 versus a recent price near $104 (19% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$56) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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RPM International (RPM) · The Sherwin-Williams (SHW) · Graphic Packaging Holding (GPK) · Axalta Coating Systems (AXTA) · Graco (GGG)