PPG Industries, Inc. logo PPG - PPG Industries, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 21
HOLD 15
SELL 2
STRONG
SELL
0
| PRICE TARGET: $129.71 DETAILS
HIGH: $138.00
LOW: $116.00
MEDIAN: $133.00
CONSENSUS: $129.71
UPSIDE: 24.77%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 65% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Mild
Trading 0.2% above fair value
Current Price $103.96
Bear Case $83.04 20.1% downside ($83.04 - $103.96) / $103.96 = -20.1% $6.92 × 12x P/E
Fair Value $103.80 0.2% downside ($103.80 - $103.96) / $103.96 = -0.2% $6.92 × 15x P/E
Bull Case $124.56 19.8% upside ($124.56 - $103.96) / $103.96 = 19.8% $6.92 × 18x P/E

Adjust Assumptions

15.0x
6.92$

Key Value Driver

Normalized P/E multiple (15x base case)

Implied Market Multiple 15.0x

Plain-Language Summary

Applying a 15x P/E to adjusted EPS of $6.92, the base-case value is $103.80 per share. DDM cross-check: $69.69.

Analyst Consensus (External Reference)

Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.

Average Target (38 analysts) $129.71
Analyst Range $116.00 – $138.00
Divergence from AlphaVal 20%

Warnings

ℹ Dividend-based valuation: $69.69 (below our primary estimate by 33%). Large gaps may signal the dividend doesn't reflect full earning power.

Key Risks

  • Growth DCF inappropriate — terminal value assumptions dominate
  • EV/EBITDA misleading for regulated businesses where capex is mandated
  • Regulatory risk is a fat tail not visible in normal multiples