PPG INDUSTRIES INC (PPG) Stock Fundamental Analysis

NYSE:PPG • US6935061076

123.27 USD
-0.21 (-0.17%)
At close: Feb 27, 2026
122.89 USD
-0.38 (-0.31%)
After Hours: 2/27/2026, 8:27:25 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to PPG. PPG was compared to 83 industry peers in the Chemicals industry. While PPG has a great profitability rating, there are some minor concerns on its financial health. PPG has a correct valuation and a medium growth rate. Finally 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.
  • PPG had a positive operating cash flow in the past year.
  • In the past 5 years PPG has always been profitable.
  • Of the past 5 years PPG 4 years had a positive operating cash flow.
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 2025 500M 1B 1.5B 2B

1.2 Ratios

  • The Return On Assets of PPG (4.50%) is better than 78.31% of its industry peers.
  • PPG's Return On Equity of 12.77% is amongst the best of the industry. PPG outperforms 85.54% of its industry peers.
  • PPG has a Return On Invested Capital of 9.54%. This is amongst the best in the industry. PPG outperforms 80.72% of its industry peers.
Industry RankSector Rank
ROA 4.5%
ROE 12.77%
ROIC 9.54%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
PPG Yearly ROA, ROE, ROICPPG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20 25

1.3 Margins

  • The Profit Margin of PPG (7.05%) is better than 75.90% of its industry peers.
  • In the last couple of years the Profit Margin of PPG has grown nicely.
  • Looking at the Operating Margin, with a value of 14.70%, PPG is in the better half of the industry, outperforming 77.11% of the companies in the same industry.
  • In the last couple of years the Operating Margin of PPG has grown nicely.
  • The Gross Margin of PPG (40.46%) is better than 83.13% of its industry peers.
  • In the last couple of years the Gross Margin of PPG has remained more or less at the same level.
Industry RankSector Rank
OM 14.7%
PM (TTM) 7.05%
GM 40.46%
OM growth 3Y8.61%
OM growth 5Y1.75%
PM growth 3Y14.75%
PM growth 5Y5.34%
GM growth 3Y4.33%
GM growth 5Y-1.26%
PPG Yearly Profit, Operating, Gross MarginsPPG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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.
  • PPG has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the 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

  • PPG has an Altman-Z score of 3.69. This indicates that PPG is financially healthy and has little risk of bankruptcy at the moment.
  • PPG has a better Altman-Z score (3.69) than 85.54% 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 better Debt to FCF ratio (10.09) than 62.65% of its industry peers.
  • PPG has a Debt/Equity ratio of 0.76. This is a neutral value indicating PPG is somewhat dependend on debt financing.
  • PPG has a Debt to Equity ratio (0.76) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.76
Debt/FCF 10.09
Altman-Z 3.69
ROIC/WACC0.71
WACC13.41%
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

  • PPG has a Current Ratio of 1.47. This is a normal value and indicates that PPG is financially healthy and should not expect problems in meeting 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.
  • PPG has a Quick ratio of 1.08. This is comparable to the rest of the industry: PPG outperforms 40.96% of its industry peers.
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

4

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%.
  • The Earnings Per Share has been growing slightly by 5.87% on average over the past years.
  • PPG shows a small growth in Revenue. In the last year, the Revenue has grown by 0.19%.
  • PPG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.79% yearly.
EPS 1Y (TTM)-6.42%
EPS 3Y7.75%
EPS 5Y5.87%
EPS Q2Q%-6.21%
Revenue 1Y (TTM)0.19%
Revenue growth 3Y0.55%
Revenue growth 5Y2.79%
Sales Q2Q%4.96%

3.2 Future

  • Based on estimates for the next years, PPG will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.62% on average per year.
  • Based on estimates for the next years, PPG will show a small growth in Revenue. The Revenue will grow by 4.30% on average per year.
EPS Next Y6.89%
EPS Next 2Y7.56%
EPS Next 3Y8.35%
EPS Next 5Y8.62%
Revenue Next Year4.2%
Revenue Next 2Y3.58%
Revenue Next 3Y3.49%
Revenue Next 5Y4.3%

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.
  • When comparing the Revenue 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 16.26, which indicates a correct valuation of PPG.
  • 67.47% of the companies in the same industry are more expensive than PPG, based on the Price/Earnings ratio.
  • The average S&P500 Price/Earnings ratio is at 27.10. PPG is valued slightly cheaper when compared to this.
  • Based on the Price/Forward Earnings ratio of 15.21, the valuation of PPG can be described as correct.
  • 63.86% of the companies in the same industry are more expensive than PPG, based on the Price/Forward Earnings ratio.
  • PPG's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.06.
Industry RankSector Rank
PE 16.26
Fwd PE 15.21
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 ratio is in line with the industry average.
  • PPG's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 38.15
EV/EBITDA 12.91
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 PPG does not grow enough to justify the current Price/Earnings ratio.
  • PPG has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.36
PEG (5Y)2.77
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 2.29%, PPG has a reasonable but not impressive dividend return.
  • PPG's Dividend Yield is a higher than the industry average which is at 2.22.
  • PPG's Dividend Yield is a higher than the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 2.29%

5.2 History

  • The dividend of PPG is nicely growing with an annual growth rate of 6.16%!
  • 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 2025 500M 1B 1.5B
PPG Dividend Payout.PPG Dividend Payout, showing the Payout Ratio.PPG Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

PPG INDUSTRIES INC

NYSE:PPG (2/27/2026, 8:27:25 PM)

After market: 122.89 -0.38 (-0.31%)

123.27

-0.21 (-0.17%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)01-27
Earnings (Next)04-27
Inst Owners88.79%
Inst Owner Change2.73%
Ins Owners0.09%
Ins Owner Change0.33%
Market Cap27.66B
Revenue(TTM)15.88B
Net Income(TTM)996.00M
Analysts72.26
Price Target125.71 (1.98%)
Short Float %3.09%
Short Ratio3.29
Dividend
Industry RankSector Rank
Dividend Yield 2.29%
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)3.6%
PT rev (3m)2.73%
EPS NQ rev (1m)-0.03%
EPS NQ rev (3m)-0.51%
EPS NY rev (1m)-0.61%
EPS NY rev (3m)-2.36%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.03%
Revenue NY rev (1m)1.73%
Revenue NY rev (3m)1.55%
Valuation
Industry RankSector Rank
PE 16.26
Fwd PE 15.21
P/S 1.96
P/FCF 38.15
P/OCF 19.76
P/B 3.55
P/tB N/A
EV/EBITDA 12.91
EPS(TTM)7.58
EY6.15%
EPS(NY)8.1
Fwd EY6.57%
FCF(TTM)3.23
FCFY2.62%
OCF(TTM)6.24
OCFY5.06%
SpS62.95
BVpS34.76
TBVpS-1.33
PEG (NY)2.36
PEG (5Y)2.77
Graham Number76.99
Profitability
Industry RankSector Rank
ROA 4.5%
ROE 12.77%
ROCE 12.56%
ROIC 9.54%
ROICexc 10.78%
ROICexgc 24.16%
OM 14.7%
PM (TTM) 7.05%
GM 40.46%
FCFM 5.13%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y8.61%
OM growth 5Y1.75%
PM growth 3Y14.75%
PM growth 5Y5.34%
GM growth 3Y4.33%
GM growth 5Y-1.26%
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 3.69
F-Score5
WACC13.41%
ROIC/WACC0.71
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
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 5Y8.62%
Revenue 1Y (TTM)0.19%
Revenue growth 3Y0.55%
Revenue growth 5Y2.79%
Sales Q2Q%4.96%
Revenue Next Year4.2%
Revenue Next 2Y3.58%
Revenue Next 3Y3.49%
Revenue Next 5Y4.3%
EBIT growth 1Y-10.25%
EBIT growth 3Y9.21%
EBIT growth 5Y4.59%
EBIT Next Year25.34%
EBIT Next 3Y13.18%
EBIT Next 5Y10.04%
FCF growth 1Y-43.4%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-29.01%
OCF growth 3YN/A
OCF growth 5YN/A

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.