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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 growth and stability. PPG Industries still has the edge on valuation, which keeps the comparison from looking entirely one-sided. The market setup is currently leaning toward PPG Industries, which does not confirm the structural lead. That leaves a split case: the structural lead stays with The Sherwin-Williams Company, but the market is not currently confirming it.

The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the S&P 500 universe, making them directly comparable.

Updated 2026-08-16

This is not just a one-metric split: both growth and stability materially support the lead. The overall score gap is 20 points in favour of The Sherwin-Williams Company.

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.
53
Peer-Score
Signal qualitylow
Peer basis: S&P 500
vs
SHW
The Sherwin-Williams Company
73
Peer-Score
Signal qualitylow
Peer basis: S&P 500

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 46 83 Stability 31 69 Valuation 88 57 Growth 33 84 PPG SHW
Gap Ranking
#1 Growth +51
#2 Stability +38
#3 Profitability +37
#4 Valuation +31
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.

Entry today — historical context

Where PPG and SHW each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY PPG Neutral · below norm 0th 50th 100th 56 pct gap SHW Elevated · above norm 0th 50th 100th 35th 91st
Today PPG sits in the lower-middle of its own 5-year history (35th percentile), while SHW sits higher in its own history (91st). Within each stock's own 5-year context, PPG is at a historically more favourable entry position than SHW. This reflects entry timing, not which company is structurally stronger — peer-relative analysis is a separate question addressed above.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Growth
The Sherwin-Williams Company ranks near the top of the group on growth; PPG Industries, Inc. sits in the weaker half.
Stability
The same broad pattern appears on stability: The Sherwin-Williams Company ranks near the top of the group, while PPG Industries, Inc. stays in the weaker half.
Growth — Dominant Gap
PPG
33
SHW
84
Gap+51in favour of SHW

The current lead is backed by a stronger multi-year growth trajectory.

What keeps the gap from being one-sided

Absolute pricing still looks more supportive for PPG Industries, with a forward P/E that is 13.2 turns lower there.

What this means for the comparison

The lead is built on both growth and stability — though valuation still provides a counterweight.

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.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

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.