PPG vs RPM vs SHW Stock Comparison

Ppg Industries, Rpm International and Sherwin Williams Prices as of Oct 23, 2026 Peers: Industry group
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PPG Ppg Industries Inc
$110.60 +3.2% 1M +6.9% 1Y
Market cap
$24.51B
P/E
15.6x
Revenue (TTM)
$16.42B
Div. yield
0.03%
Paints and Coatings Basic Materials
4 wins
RPM Rpm International Inc/De/
$98.74 -1.3% 1M -12.1% 1Y
Market cap
$12.40B
P/E
18.0x
Revenue (TTM)
$7.97B
Div. yield
–
Paints and Coatings Basic Materials
3 wins
SHW Sherwin Williams Co
$337.10 +3.3% 1M +1.6% 1Y
Market cap
$81.88B
P/E
30.5x
Revenue (TTM)
$24.41B
Div. yield
–
Paints and Coatings Basic Materials
4 wins

Head to Head

11 decided of 12

Sherwin Williams leads on 4 of the 12 questions below (Sherwin Williams 4, Ppg Industries 4, Rpm International 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionPPGRPMSHWLeader
Larger companyMarket capitalisation $24.51B $12.40B $81.88B SHW
Cheaper on earningsLower P/E, profitable companies only 15.6x 18.0x 30.5x PPG
Cheaper on forward earningsLower price / next fiscal year consensus EPS 13.5x 17.6x 26.5x PPG
Faster revenue growthRevenue growth, trailing twelve months +5.0% +6.0% +5.8% RPM
More profitableNet margin, trailing twelve months 9.6% 8.7% 11.0% SHW
Better return on capitalReturn on invested capital 10.9% 12.5% 19.2% SHW
Less leveragedLower net debt / EBITDA 1.9x 1.8x 2.5x RPM
Higher dividend yieldTrailing dividend yield 0.03% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +6.9% -12.1% +1.6% PPG
Better 5-year returnAnnualised price return, 5 years -7.3%/yr +2.2%/yr +1.9%/yr RPM
Less volatileAnnualised volatility, 1 year 30.6% 29.8% 27.9% SHW
Higher overall scoreMean of the five percentile scores vs peers 68/100 64/100 55/100 PPG

Percentile Scorecard

PPGRPMSHW

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisPPGRPMSHW
Valuation 66 #33 of 94 58 #40 of 94 26 #70 of 94
Growth 74 #25 of 92 68 #30 of 92 73 #26 of 92
Profitability 86 #13 of 89 84 #15 of 89 98 #3 of 89
Financial Health 47 #52 of 97 54 #45 of 97 23 #75 of 97
Shareholder Returns 70 #22 of 70 55 #32 of 70 57 #31 of 70
Overall 68 64 55
  • PPG ranked among 99 companies in Chemicals
  • RPM ranked among 99 companies in Chemicals
  • SHW ranked among 99 companies in Chemicals

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodPPGRPMSHWSPY
1 month +3.2%-1.3%+3.3% -1.0%
3 months -4.7%-7.8%+6.2% +2.9%
6 months +0.7%-5.9%-0.2% +6.4%
Year to date +7.9%-5.1%+4.0% +11.4%
1 year +6.9%-12.1%+1.6% +13.1%
3 years -10.0%+7.8%+43.5% +79.4%
3 years, per year -3.4%+2.5%+12.8% +21.5%
5 years -31.6%+11.5%+9.9% +67.7%
5 years, per year -7.3%+2.2%+1.9% +10.9%
10 years +19.7%+104.4%+264.9% +255.2%
10 years, per year +1.8%+7.4%+13.8% +13.5%

Risk

MeasurePPGRPMSHWSPY
Volatility, 1Y 30.6%29.8%27.9% 12.7%
Downside volatility, 1Y 31.4%26.3%25.5% 12.7%
Beta vs S&P 500, 1Y 1.040.940.85 1.00
Return / volatility, 1Y 0.22-0.410.06 1.03
Max drawdown, 5Y -47.0%-33.5%-42.9% -25.4%
From 52-week high -15.9%-17.8%-9.5% -2.5%
52-week high $131.56$120.17$372.60 $779.14
52-week low $94.34$93.23$293.00 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultiplePPGRPMSHW
P/E now vs peer median 15.7xmedian 21.5x 18.1xmedian 21.5x 30.6xmedian 21.5x
P/S now vs peer median 1.5xmedian 1.4x 1.6xmedian 1.4x 3.4xmedian 1.4x
EV/EBITDA now vs peer median 11.0xmedian 12.4x 12.5xmedian 12.4x 19.8xmedian 12.4x
P/FCF now vs peer median 17.5xmedian 15.5x 17.9xmedian 15.5x 25.5xmedian 15.5x
P/B now vs peer median 2.9xmedian 1.6x 3.6xmedian 1.6x 21.2xmedian 1.6x
PEG now vs peer median 1.95median 1.70 1.65median 1.70 4.71median 1.70

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsPPGRPMSHW
Revenue $16.42B $7.97B $24.41B
Gross profit $6.72B $3.28B $11.96B
Operating income $2.18B $961.65M $3.99B
Net income $1.57B $691.27M $2.69B
Free cash flow $1.41B $705.58M $3.21B
R&D $458.00M – –
EPS (diluted) $7.02 $5.42 $10.93
Cash & equivalents $1.52B $312.84M $293.50M
Total debt $6.89B $10.15B $12.07B
Shares (diluted) 223.90M 127.24M 246.00M
Enterprise value $17.16B $11.17B $80.92B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricPPGRPMSHW
P/E 15.7x 18.1x 30.6x
P/FCF 17.5x 17.9x 25.5x
P/Operating cash flow 11.4x 13.6x 21.1x
P/S 1.5x 1.6x 3.4x
P/B 2.9x 3.6x 21.2x
P/Tangible book 3.7x 4.7x 1,605x
EV/EBITDA 11.0x 12.5x 19.8x
EV/EBIT 13.7x 15.3x 23.4x
EV/Revenue 1.8x 1.8x 3.8x
EV/FCF 21.2x 20.8x 29.1x
EV/Operating cash flow 13.8x 15.9x 24.1x
PEG (3Y EPS CAGR) 1.95 1.65 4.71

Growth

14 metrics
MetricPPGRPMSHW
Revenue growth (1Y) 5.0% 6.0% 5.8%
Revenue CAGR (3Y) 1.2% 2.8% 2.1%
Gross profit growth (1Y) 3.8% 5.5% 6.0%
Gross profit CAGR (3Y) 3.4% 5.0% 5.7%
Operating income growth (1Y) 1.6% 9.0% 8.1%
Operating income CAGR (3Y) 3.1% 5.9% 5.4%
Net income growth (1Y) 56.2% 0.2% 5.6%
Net income CAGR (3Y) 5.5% 10.5% 4.7%
EPS growth (1Y) 58.1% 0.8% 7.9%
EPS CAGR (3Y) 8.0% 11.0% 6.5%
Operating cash flow growth (1Y) 50.0% 22.1% 27.0%
Operating cash flow CAGR (3Y) 7.2% 0.4% 14.7%
Free cash flow growth (1Y) 85.4% 36.7% 49.1%
Free cash flow CAGR (3Y) 2.9% 2.0% 22.4%

Profitability

14 metrics
MetricPPGRPMSHW
Gross margin 40.9% 41.2% 49.0%
EBITDA margin 16.5% 14.8% 19.3%
Operating margin 13.3% 12.1% 16.4%
Pretax margin 12.4% 11.4% 14.3%
Net margin 9.6% 8.7% 11.0%
FCF margin 8.6% 8.9% 13.2%
Operating cash flow margin 13.2% 11.6% 15.9%
Return on equity 18.8% 20.4% 64.9%
Return on assets 7.1% 8.3% 10.1%
Return on invested capital 10.9% 12.5% 19.2%
Return on capital employed 12.7% 15.1% 23.4%
Asset turnover 0.7x 1.0x 0.9x
Cash conversion (OCF / net income) 1.4x 1.3x 1.4x
Stock comp / revenue 0.2% 0.5% 0.5%

Financial Health

11 metrics
MetricPPGRPMSHW
Debt / assets 30.6% 29.2% 44.8%
Debt / equity 0.8x 0.7x 3.1x
Net debt / EBITDA 1.9x 1.8x 2.5x
Debt / FCF 4.9x 3.4x 3.8x
Liabilities / assets 61.9% 57.7% 85.7%
Equity / assets 38.1% 42.3% 14.3%
Interest coverage 8.5x 8.9x 7.7x
Current ratio 1.6x 1.8x 0.7x
Quick ratio 1.1x 1.0x 0.4x
Cash ratio 0.3x 0.2x 0.0x
Altman Z-score 3.72 3.80 3.51

Shareholder Returns

7 metrics
MetricPPGRPMSHW
Dividend yield 2.6% 2.2% 0.9%
Net buyback yield 1.7% 0.7% 3.0%
Shareholder yield 4.3% 2.9% 4.0%
Payout ratio (earnings) 40.2% – –
Payout ratio (FCF) 44.8% – –
Dividend growth (1Y) 1.9% – –
Dividend CAGR (3Y) 3.0% – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusPPGRPMSHW
Forward P/E 13.5xFY2026 17.6xFY2026 26.5xFY2026
EPS, next fiscal year $8.19FY2026 $5.60FY2026 $12.70FY2026
EPS growth, next FY +8.0%FY2026 +1.3%FY2026 +11.1%FY2026
EPS growth, the year after +11.0% +12.1% -0.2%
Revenue, next fiscal year $17.60BFY2026 $7.69BFY2026 $23.56BFY2026
Revenue growth, next FY +10.8%FY2026 -2.1%FY2026 -0.1%FY2026
Revenue growth, the year after -6.7% +8.0% +4.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersPPGRPMSHW
Held by institutions 90.3% 86.1% 82.7%
Institutions holding 1,095 795 1,740
Change in shares held, QoQ +0.1% +3.8% +3.3%
Institutions buying 519 385 746
Institutions selling 356 244 718
Buyers to sellers 1.46 1.58 1.04

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

PPGRPMSHW
PPG 1.00 0.81 0.74
RPM 0.81 1.00 0.79
SHW 0.74 0.79 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, PPG, RPM and SHW?

Sherwin Williams (SHW) is the largest by market capitalisation: Ppg Industries (PPG) $24.51B, Rpm International (RPM) $12.40B, Sherwin Williams (SHW) $81.88B.

Which stock is cheaper, PPG, RPM and SHW?

Ppg Industries (PPG) trades on the lowest price-to-earnings ratio (Ppg Industries (PPG) 15.6x, Rpm International (RPM) 18.0x, Sherwin Williams (SHW) 30.5x). On next year's consensus earnings, Ppg Industries (PPG) is cheapest (Ppg Industries (PPG) 13.5x, Rpm International (RPM) 17.6x, Sherwin Williams (SHW) 26.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Rpm International (RPM) grew revenue fastest over the trailing twelve months: Ppg Industries (PPG) +5.0%, Rpm International (RPM) +6.0%, Sherwin Williams (SHW) +5.8%.

Which company is more profitable?

Sherwin Williams (SHW) has the highest net margin (Ppg Industries (PPG) 9.6%, Rpm International (RPM) 8.7%, Sherwin Williams (SHW) 11.0%). On return on invested capital, Sherwin Williams (SHW) leads (Ppg Industries (PPG) 10.9%, Rpm International (RPM) 12.5%, Sherwin Williams (SHW) 19.2%).

Which stock has performed better?

Over the past year Ppg Industries (PPG) returned the most: Ppg Industries (PPG) +6.9%, Rpm International (RPM) -12.1%, Sherwin Williams (SHW) +1.6%. Over five years, Rpm International (RPM) compounded fastest (Ppg Industries (PPG) -7.3%/yr, Rpm International (RPM) +2.2%/yr, Sherwin Williams (SHW) +1.9%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Ppg Industries (PPG) 0.03%, Rpm International (RPM) 0.00%, Sherwin Williams (SHW) 0.00%. Rpm International (RPM) and Sherwin Williams (SHW) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Sherwin Williams (SHW) has been the steadiest (Ppg Industries (PPG) 30.6%, Rpm International (RPM) 29.8%, Sherwin Williams (SHW) 27.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, PPG, RPM and SHW?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Sherwin Williams (SHW) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.