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PPG Industries vs The Sherwin-Williams Company: Which Stock Looks Stronger in 2026?

The Sherwin-Williams Company holds the cleaner structural position, with the lead spread across stability and valuation. PPG Industries still leads on growth and valuation, which keeps the comparison from looking entirely one-sided. Both sides have seen trend damage — neither carries a clear market edge right now. With both trends damaged, the structural comparison carries most of the weight here.

The comparison is based on similar long-term financial trajectories, not sector labels.

Updated 2026-04-05

The lead is spread across stability and profitability, rather than sitting in one isolated gap.

INDUSTRY COMPARISON

Both operate in: Specialty Chemicals

This comparison is based on industry proximity, not on functional trajectory similarity. PPG and SHW share the same industry classification.

For a similarity-based comparison, see how PPG Industries and SHW each position within their functional peer groups in AssetNext.

Peer-Relative Score
PPG
PPG Industries, Inc.
66
Peer-Score
Signal qualityMedium
vs
SHW
The Sherwin-Williams Company
72
Peer-Score
Signal qualityMedium

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: PPG vs SHW Profitability 51 81 Stability 36 82 Valuation 88 56 Growth 88 70 PPG SHW
Gap Ranking
#1 Stability +46
#2 Valuation +32
#3 Profitability +30
#4 Growth +18
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for PPG and SHW Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer PPGSHW Relative valuation Structural strength

The Sherwin-Williams Company is cheaper, but PPG Industries, Inc. is still stronger.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Stability
The Sherwin-Williams Company ranks near the top of the group on stability; PPG Industries, Inc. sits in the weaker half.
Valuation
On valuation, the same pattern holds: both are strong, but PPG Industries, Inc. still leads clearly.
Stability — Dominant Gap
PPG
36
SHW
82
Gap+46in favour of SHW

The stability gap is very wide, with the stronger side looking materially steadier through time.

What keeps the gap from being one-sided

Absolute pricing still looks more supportive for PPG Industries, with a forward P/E that is 12.2 turns lower there.

What this means for the comparison

Stability settles the comparison, while pricing and valuation keep the broader setup from looking fully aligned.

Explore full peer positioning in AssetNext

Break down the PPG vs SHW comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Other comparisons with conflicting dimension signals

Explore how PPG and SHW each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.