PPG INDUSTRIES INC (PPG) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:PPG • US6935061076

124.04 USD
-1.91 (-1.52%)
Last: Feb 5, 2026, 12:48 PM
Fundamental Rating

5

Overall PPG gets a fundamental rating of 5 out of 10. We evaluated PPG against 83 industry peers in the Chemicals industry. PPG scores excellent on profitability, but there are some minor concerns on its financial health. PPG has a valuation in line with the averages, but it does not seem to be growing. PPG also has an excellent dividend rating. With these ratings, PPG could be worth investigating further for dividend investing!.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • In the past year PPG was profitable.
  • In the past year PPG had a positive cash flow from operations.
  • Of the past 5 years PPG 4 years were profitable.
  • PPG had a positive operating cash flow in 4 of the past 5 years.
PPG Yearly Net Income VS EBIT VS OCF VS FCFPPG Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 4.50%, PPG is in the better half of the industry, outperforming 77.11% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 12.77%, PPG belongs to the top of the industry, outperforming 84.34% of the companies in the same industry.
  • PPG has a Return On Invested Capital of 9.35%. This is in the better half of the industry: PPG outperforms 78.31% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for PPG is above the industry average of 6.09%.
Industry RankSector Rank
ROA 4.5%
ROE 12.77%
ROIC 9.35%
ROA(3y)5.52%
ROA(5y)5.74%
ROE(3y)16.08%
ROE(5y)17.95%
ROIC(3y)9.72%
ROIC(5y)9.04%
PPG Yearly ROA, ROE, ROICPPG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

1.3 Margins

  • Looking at the Profit Margin, with a value of 7.05%, PPG is in the better half of the industry, outperforming 75.90% of the companies in the same industry.
  • PPG's Profit Margin has declined in the last couple of years.
  • Looking at the Operating Margin, with a value of 14.70%, PPG is in the better half of the industry, outperforming 75.90% of the companies in the same industry.
  • PPG's Operating Margin has improved in the last couple of years.
  • With an excellent Gross Margin value of 40.46%, PPG belongs to the best of the industry, outperforming 83.13% of the companies in the same industry.
  • PPG's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 14.7%
PM (TTM) 7.05%
GM 40.46%
OM growth 3Y12.52%
OM growth 5Y2.91%
PM growth 3Y-6.31%
PM growth 5Y-3.01%
GM growth 3Y2.4%
GM growth 5Y-0.56%
PPG Yearly Profit, Operating, Gross MarginsPPG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so PPG is destroying value.
  • There is no outstanding debt for PPG. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
PPG Yearly Shares OutstandingPPG Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M
PPG Yearly Total Debt VS Total AssetsPPG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

2.2 Solvency

  • An Altman-Z score of 3.71 indicates that PPG is not in any danger for bankruptcy at the moment.
  • PPG has a better Altman-Z score (3.71) than 84.34% of its industry peers.
  • PPG has a debt to FCF ratio of 10.09. This is a negative value and a sign of low solvency as PPG would need 10.09 years to pay back of all of its debts.
  • PPG has a Debt to FCF ratio of 10.09. This is in the better half of the industry: PPG outperforms 62.65% of its industry peers.
  • A Debt/Equity ratio of 0.76 indicates that PPG is somewhat dependend on debt financing.
  • The Debt to Equity ratio of PPG (0.76) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.76
Debt/FCF 10.09
Altman-Z 3.71
ROIC/WACC0.68
WACC13.66%
PPG Yearly LT Debt VS Equity VS FCFPPG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.3 Liquidity

  • A Current Ratio of 1.47 indicates that PPG should not have too much problems paying its short term obligations.
  • The Current ratio of PPG (1.47) is worse than 69.88% of its industry peers.
  • PPG has a Quick Ratio of 1.08. This is a normal value and indicates that PPG is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 1.08, PPG is in line with its industry, outperforming 40.96% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.47
Quick Ratio 1.08
PPG Yearly Current Assets VS Current LiabilitesPPG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • PPG shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -6.42%.
  • PPG shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.87% yearly.
EPS 1Y (TTM)-6.42%
EPS 3Y7.75%
EPS 5Y5.87%
EPS Q2Q%-6.21%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%4.96%

3.2 Future

  • PPG is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.38% yearly.
  • The Revenue is expected to grow by 4.07% on average over the next years.
EPS Next Y6.89%
EPS Next 2Y7.56%
EPS Next 3Y8.35%
EPS Next 5Y9.38%
Revenue Next Year3.99%
Revenue Next 2Y3.42%
Revenue Next 3Y3.46%
Revenue Next 5Y4.07%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
PPG Yearly Revenue VS EstimatesPPG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5B 10B 15B 20B
PPG Yearly EPS VS EstimatesPPG Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2 4 6 8 10

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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 16.36, which indicates a correct valuation of PPG.
  • Based on the Price/Earnings ratio, PPG is valued a bit cheaper than 69.88% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of PPG to the average of the S&P500 Index (28.25), we can say PPG is valued slightly cheaper.
  • PPG is valuated correctly with a Price/Forward Earnings ratio of 15.31.
  • Based on the Price/Forward Earnings ratio, PPG is valued a bit cheaper than 65.06% of the companies in the same industry.
  • PPG is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 27.50, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 16.36
Fwd PE 15.31
PPG Price Earnings VS Forward Price EarningsPPG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • PPG's Enterprise Value to EBITDA is on the same level as the industry average.
  • PPG's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 38.39
EV/EBITDA 13.13
PPG Per share dataPPG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • PPG has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.38
PEG (5Y)2.79
EPS Next 2Y7.56%
EPS Next 3Y8.35%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 2.38%, PPG has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 2.26, PPG pays a bit more dividend than its industry peers.
  • PPG's Dividend Yield is a higher than the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.38%

5.2 History

  • On average, the dividend of PPG grows each year by 6.16%, which is quite nice.
  • PPG has paid a dividend for at least 10 years, which is a reliable track record.
  • PPG has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)6.16%
Div Incr Years34
Div Non Decr Years34
PPG Yearly Dividends per sharePPG Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2 2.5

5.3 Sustainability

  • PPG pays out 62.85% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of PPG is growing, but earnings are growing more, so the dividend growth is sustainable.
DP62.85%
EPS Next 2Y7.56%
EPS Next 3Y8.35%
PPG Yearly Income VS Free CF VS DividendPPG Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B
PPG Dividend Payout.PPG Dividend Payout, showing the Payout Ratio.PPG Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

PPG INDUSTRIES INC

NYSE:PPG (2/5/2026, 12:48:22 PM)

124.04

-1.91 (-1.52%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)01-27
Earnings (Next)04-27
Inst Owners88.79%
Inst Owner Change-2.48%
Ins Owners0.09%
Ins Owner Change0%
Market Cap27.83B
Revenue(TTM)N/A
Net Income(TTM)996.00M
Analysts72.67
Price Target125.71 (1.35%)
Short Float %2.69%
Short Ratio2.84
Dividend
Industry RankSector Rank
Dividend Yield 2.38%
Yearly Dividend2.67
Dividend Growth(5Y)6.16%
DP62.85%
Div Incr Years34
Div Non Decr Years34
Ex-Date02-20
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.24%
Min EPS beat(2)-1.41%
Max EPS beat(2)0.93%
EPS beat(4)2
Avg EPS beat(4)0.31%
Min EPS beat(4)-3.35%
Max EPS beat(4)5.06%
EPS beat(8)3
Avg EPS beat(8)-0.09%
EPS beat(12)7
Avg EPS beat(12)2.84%
EPS beat(16)10
Avg EPS beat(16)4.1%
Revenue beat(2)0
Avg Revenue beat(2)-0.19%
Min Revenue beat(2)-0.26%
Max Revenue beat(2)-0.12%
Revenue beat(4)0
Avg Revenue beat(4)-2.44%
Min Revenue beat(4)-8.85%
Max Revenue beat(4)-0.12%
Revenue beat(8)1
Avg Revenue beat(8)-2.35%
Revenue beat(12)2
Avg Revenue beat(12)-1.68%
Revenue beat(16)4
Avg Revenue beat(16)-1.09%
PT rev (1m)0.11%
PT rev (3m)-4.97%
EPS NQ rev (1m)-0.31%
EPS NQ rev (3m)-11.38%
EPS NY rev (1m)-0.05%
EPS NY rev (3m)-2.15%
Revenue NQ rev (1m)0.05%
Revenue NQ rev (3m)-0.93%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.04%
Valuation
Industry RankSector Rank
PE 16.36
Fwd PE 15.31
P/S 1.97
P/FCF 38.39
P/OCF 19.88
P/B 3.57
P/tB N/A
EV/EBITDA 13.13
EPS(TTM)7.58
EY6.11%
EPS(NY)8.1
Fwd EY6.53%
FCF(TTM)3.23
FCFY2.6%
OCF(TTM)6.24
OCFY5.03%
SpS62.95
BVpS34.76
TBVpS-1.33
PEG (NY)2.38
PEG (5Y)2.79
Graham Number76.99
Profitability
Industry RankSector Rank
ROA 4.5%
ROE 12.77%
ROCE 12.56%
ROIC 9.35%
ROICexc 10.57%
ROICexgc 23.69%
OM 14.7%
PM (TTM) 7.05%
GM 40.46%
FCFM 5.13%
ROA(3y)5.52%
ROA(5y)5.74%
ROE(3y)16.08%
ROE(5y)17.95%
ROIC(3y)9.72%
ROIC(5y)9.04%
ROICexc(3y)10.67%
ROICexc(5y)9.96%
ROICexgc(3y)25.22%
ROICexgc(5y)23.45%
ROCE(3y)13.06%
ROCE(5y)12.2%
ROICexgc growth 3Y16.9%
ROICexgc growth 5Y3.89%
ROICexc growth 3Y16.85%
ROICexc growth 5Y2.21%
OM growth 3Y12.52%
OM growth 5Y2.91%
PM growth 3Y-6.31%
PM growth 5Y-3.01%
GM growth 3Y2.4%
GM growth 5Y-0.56%
F-Score5
Asset Turnover0.64
Health
Industry RankSector Rank
Debt/Equity 0.76
Debt/FCF 10.09
Debt/EBITDA 2.31
Cap/Depr 140.04%
Cap/Sales 4.78%
Interest Coverage 9.39
Cash Conversion 54.73%
Profit Quality 72.79%
Current Ratio 1.47
Quick Ratio 1.08
Altman-Z 3.71
F-Score5
WACC13.66%
ROIC/WACC0.68
Cap/Depr(3y)112.81%
Cap/Depr(5y)92.86%
Cap/Sales(3y)3.75%
Cap/Sales(5y)3.13%
Profit Quality(3y)84.21%
Profit Quality(5y)101.19%
High Growth Momentum
Growth
EPS 1Y (TTM)-6.42%
EPS 3Y7.75%
EPS 5Y5.87%
EPS Q2Q%-6.21%
EPS Next Y6.89%
EPS Next 2Y7.56%
EPS Next 3Y8.35%
EPS Next 5Y9.38%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%4.96%
Revenue Next Year3.99%
Revenue Next 2Y3.42%
Revenue Next 3Y3.46%
Revenue Next 5Y4.07%
EBIT growth 1Y-10.25%
EBIT growth 3Y10.34%
EBIT growth 5Y3.84%
EBIT Next Year9.14%
EBIT Next 3Y6.52%
EBIT Next 5Y5.72%
FCF growth 1Y-53.79%
FCF growth 3Y-16.27%
FCF growth 5Y-15.96%
OCF growth 1Y-33.33%
OCF growth 3Y-3.13%
OCF growth 5Y-7.35%

PPG INDUSTRIES INC / PPG FAQ

What is the fundamental rating for PPG stock?

ChartMill assigns a fundamental rating of 5 / 10 to PPG.


What is the valuation status for PPG stock?

ChartMill assigns a valuation rating of 4 / 10 to PPG INDUSTRIES INC (PPG). This can be considered as Fairly Valued.


Can you provide the profitability details for PPG INDUSTRIES INC?

PPG INDUSTRIES INC (PPG) has a profitability rating of 7 / 10.


Can you provide the financial health for PPG stock?

The financial health rating of PPG INDUSTRIES INC (PPG) is 5 / 10.


What is the earnings growth outlook for PPG INDUSTRIES INC?

The Earnings per Share (EPS) of PPG INDUSTRIES INC (PPG) is expected to grow by 6.89% in the next year.