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  "documentTitle": "Trian Partners | Activist Presentation Deck | 42 slides",
  "authorId": "trian-partners",
  "authorName": "Trian Partners",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2018-10-01 00:00:00",
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  "pageNumber": 5,
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  "slideType": "peer_gap",
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  "density": "balanced",
  "nDataPoints": 46,
  "notes": "The chart uses a red dashed oval to highlight the recent divergence in the discount metrics.",
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  "slideHref": "/slides/019de06f-be08-7198-94a5-5ede1399a50f/5",
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      "kind": "callout",
      "text": "PPG now trades at a ~5x discount to Sherwin-Williams",
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      "kind": "chart",
      "text": "NTM P/E Discount vs. Sherwin-Williams and S&P 500",
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      "kind": "paragraph",
      "text": "PPG is now trading at one of the largest discounts to Sherwin-Williams (a close peer of PPG's) and the S&P since the end of 2016",
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      "text": "Source: Bloomberg. Measured through October 9, 2018.",
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      "text": "Largest Discount to Close Peer and S&P 500 in Recent History",
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