PPG Industries

Methodology

PPG's coatings business generates earnings sensitivity to industrial production, automotive builds, and construction activity, requiring normalization across economic cycles. Aerospace coatings and refinish provide more stability than OEM exposure. Use mid-cycle earnings and focus on pricing power and raw material cost pass-through rather than peak profitability.

Methodology

PPG typically trades at moderate PEG ratios reflecting mature coatings markets offset by pricing discipline and aerospace exposure. The metric should account for raw material cost timing and end market cyclicality. Compare to Sherwin-Williams and Axalta while considering PPG's industrial versus architectural mix and global diversification.

Methodology

PPG offers a meaningful dividend with decades of consecutive increases, making PEGY important for total return evaluation. The dividend provides reliable income alongside modest growth from coatings demand. For this mature chemical company, dividend consistency matters as much as earnings growth in attracting long-term investors.