Stock fact sheet · data as of
PPG Industries, Inc. (PPG): fair value, margin of safety and Wheel Score
Ticker symbol PPG · Basic Materials · Chemicals - Specialty · United States · Blend
Is PPG undervalued?
PPG Industries, Inc. (PPG) closed at 127.27 on 5 Nov 2026, 12% above the GLS average fair value of 113.68. Only 5 of the 9 models that produced a number value the shares above the current price. The margin of safety is negative, so the stock fails the "below fair value" Wheel Trade Filter; a premium of this size is common for companies whose growth the models are conservative about.
There is a wide gap between DDM (42.23) and 10 Cap (178.72). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for PPG, so the nightly engine files it under Blend (value score 34, growth score 39, out of 100).
Nine valuation models for PPG
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 134.85 | +6% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 77.92 | -39% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 150.60 | +18% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 46.98 | -63% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 148.84 | +17% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 178.72 | +40% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 164.50 | +29% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 42.23 | -67% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 78.51 | -38% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -27.35 | -121% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 130.63 | +3% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
PPG Industries, Inc. scores 7 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the "Piotroski 6 or more" Wheel Trade Filter with room to spare. On durability PPG scores 6.3/10 on the GLS Moat - a middle reading; the Moat Score tab on the Quote page's Financials view shows which of the four parts hold it back.
Returns on capital are moderate - ROIC 10.0%, ROE 19.8%, ROA 7.1% - with debt at 0.99 times equity and a free-cash-flow yield of 4.6%.
The dividend yield is 2.26% at a payout ratio of 41%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Industrial Coatings 41%, Performance Coatings 35%, Global Architectural Coatings 24% (fiscal year FY2025).
Institutional ownership scores 10/10, insider activity 10/10 and Congressional trading 7/10 on the GLS smart-money scales; the last recorded insider buy was on 11 Sep 2026; the last recorded Congressional buy was on 25 Sep 2026.
| Piotroski F-score | 7 / 9 | ROIC | 10.0% |
|---|---|---|---|
| GLS Moat | 6.3 / 10 | ROE | 19.8% |
| Debt / equity | 0.99 | ROA | 7.1% |
| Free-cash-flow yield | 4.6% | Payout ratio | 41% |
| Institutions | 10 / 10 | Insiders · Congress | 10 · 7 / 10 |
Wheel Score 38: Weak
With a Wheel Score of 38 PPG Industries, Inc. sits in the Weak band. It fails filter 3, below fair value - trades 12% above our fair value; and filter 5, can repay its debt - 3.4 years to repay its debt (over 3); Value (weak) is its weakest part.
Implied volatility is 29% on the near-the-money contracts 20-60 days out: enough to pass the 25-80% Wheel Trade Filter, but under the 35-60% sweet spot the score rewards most. Chain open interest is 12,753 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 4.0M shares a day on a market cap of $28.1B, with a beta of 0.99; the Stability part of the Wheel Score rates that strong.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Fails | trades 12% above our fair value |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Fails | 3.4 years to repay its debt (over 3) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 12% above fair value | |
| Premium | Fair | implied volatility 29% | |
| Moat | Good | moat 6.3/10 | |
| Health | Good | Piotroski 7/9 | |
| Red Flags | Strong | Red Flags score 90/100 | |
| Option trading | Fair | 2,325 contracts a day, 12,753 open interest | |
| Stability | Strong | beta 0.99, $28.1B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 26 Jan 2027, 82 days away - outside the window of a 30-45-day put sold today. The shares go ex-dividend on 10 Nov 2026 (0.7400 per share), so a covered call sold before then carries a small early-assignment risk around that date.
No analyst upgrades or downgrades were recorded in the last 30 days.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Chemicals - Specialty
The 12 companies below are the closest to PPG Industries, Inc. by market cap within the Chemicals - Specialty industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| IFF International Flavors & Fragrances Inc. | 87.67 | 24.93 | -252% | 31Weak | $22.4B |
| LYB LyondellBasell Industries N.V. | 62.96 | 78.35 | +20% | 53Fair | $20.4B |
| SQM Sociedad Química y Minera de Chile S.A. | 57.56 | 66.32 | +13% | 44Weak | $16.4B |
| RPM RPM International Inc. | 109.05 | 94.12 | -16% | 36Weak | $13.9B |
| ALB Albemarle Corporation | 94.97 | 108.03 | +12% | 78Good | $11.2B |
| APD Air Products and Chemicals, Inc. | 318.87 | 175.07 | -82% | 31Weak | $71.0B |
| SOLS Solstice Advanced Materials Inc. | 57.70 | 66.43 | +13% | 47Weak | $9.2B |
| SHW The Sherwin-Williams Company | 363.50 | 201.73 | -80% | 40Weak | $87.8B |
| ECL Ecolab Inc. | 315.01 | 154.74 | -104% | 33Weak | $88.4B |
| WLK Westlake Corporation | 67.90 | 64.66 | -5% | 33Weak | $8.7B |
| ESI Element Solutions Inc | 33.44 | 14.06 | -138% | 35Weak | $8.1B |
| AXTA Axalta Coating Systems Ltd. | 37.45 | 47.41 | +21% | 45Weak | $8.0B |
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A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the top 10 stocks that pass all 9 Wheel Trade Filters, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about PPG
Is PPG undervalued right now?
No: at 127.27 the stock trades 12% above the GLS average fair value of 113.68 (data as of 5 Nov 2026). The margin of safety is negative.
What is the Wheel Score of PPG and what does it mean?
PPG scores 38 out of 100 (Weak) - it fails Wheel Trade Filters 3, 5. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for PPG?
113.68 per share as of 5 Nov 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does PPG Industries, Inc. report earnings next?
The next earnings report is due on 26 Jan 2027, 82 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does PPG have listed options, and how liquid are they?
Yes. The nightly snapshot found 344 listed contracts with 12,753 open interest across all expiries and implied volatility of 29% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.