PPG INDUSTRIES INC (PPG) Fundamental Analysis & Valuation

NYSE:PPG • US6935061076

Current stock price

102.24 USD
-1.62 (-1.56%)
At close:
102.24 USD
0 (0%)
After Hours:

This PPG fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. PPG Profitability Analysis

1.1 Basic Checks

  • PPG had positive earnings in the past year.
  • PPG had a positive operating cash flow in the past year.
  • Each year in the past 5 years PPG has been profitable.
  • Each year in the past 5 years PPG 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

  • Looking at the Return On Assets, with a value of 7.13%, PPG belongs to the top of the industry, outperforming 86.59% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 19.85%, PPG belongs to the top of the industry, outperforming 91.46% of the companies in the same industry.
  • PPG has a better Return On Invested Capital (9.50%) than 81.71% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for PPG is above the industry average of 6.46%.
Industry RankSector Rank
ROA 7.13%
ROE 19.85%
ROIC 9.5%
ROA(3y)6.25%
ROA(5y)6.09%
ROE(3y)17.5%
ROE(5y)18.19%
ROIC(3y)10.47%
ROIC(5y)9.39%
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

  • Looking at the Profit Margin, with a value of 9.93%, PPG belongs to the top of the industry, outperforming 87.80% of the companies in the same industry.
  • PPG's Profit Margin has improved in the last couple of years.
  • PPG has a Operating Margin of 13.55%. This is in the better half of the industry: PPG outperforms 74.39% of its industry peers.
  • PPG's Operating Margin has improved in the last couple of years.
  • PPG has a better Gross Margin (41.32%) than 86.59% of its industry peers.
  • PPG's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 13.55%
PM (TTM) 9.93%
GM 41.32%
OM growth 3Y8.57%
OM growth 5Y1.73%
PM growth 3Y14.75%
PM growth 5Y5.34%
GM growth 3Y4.59%
GM growth 5Y-1.12%
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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5

2. PPG Health Analysis

2.1 Basic Checks

  • PPG has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • Compared to 1 year ago, PPG has less shares outstanding
  • PPG has less shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, PPG has a worse debt to assets ratio.
PPG Yearly Shares OutstandingPPG Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 5B 10B 15B 20B

2.2 Solvency

  • An Altman-Z score of 3.64 indicates that PPG is not in any danger for bankruptcy at the moment.
  • With an excellent Altman-Z score value of 3.64, PPG belongs to the best of the industry, outperforming 84.15% of the companies in the same industry.
  • PPG has a debt to FCF ratio of 6.28. This is a slightly negative value and a sign of low solvency as PPG would need 6.28 years to pay back of all of its debts.
  • PPG has a Debt to FCF ratio of 6.28. This is in the better half of the industry: PPG outperforms 73.17% of its industry peers.
  • A Debt/Equity ratio of 0.83 indicates that PPG is somewhat dependend on debt financing.
  • The Debt to Equity ratio of PPG (0.83) is worse than 60.98% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.83
Debt/FCF 6.28
Altman-Z 3.64
ROIC/WACC0.73
WACC12.93%
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 2025 2B 4B 6B

2.3 Liquidity

  • A Current Ratio of 1.62 indicates that PPG should not have too much problems paying its short term obligations.
  • PPG has a Current ratio of 1.62. This is in the lower half of the industry: PPG underperforms 64.63% of its industry peers.
  • PPG has a Quick Ratio of 1.22. 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 1.22, PPG is in line with its industry, outperforming 47.56% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.62
Quick Ratio 1.22
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 2025 2B 4B 6B

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4

3. PPG Growth Analysis

3.1 Past

  • The earnings per share for PPG have decreased by -6.42% in the last year.
  • The Earnings Per Share has been growing slightly by 5.87% on average over the past years.
  • Looking at the last year, PPG shows a small growth in Revenue. The Revenue has grown by 0.19% in the last year.
  • 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 Y6.73%
EPS Next 2Y7.6%
EPS Next 3Y8.36%
EPS Next 5Y8.62%
Revenue Next Year4.3%
Revenue Next 2Y3.67%
Revenue Next 3Y3.5%
Revenue Next 5Y4.3%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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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5

4. PPG Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 13.49, the valuation of PPG can be described as correct.
  • PPG's Price/Earnings ratio is a bit cheaper when compared to the industry. PPG is cheaper than 79.27% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.21, PPG is valued a bit cheaper.
  • The Price/Forward Earnings ratio is 12.64, which indicates a correct valuation of PPG.
  • PPG's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. PPG is cheaper than 78.05% of the companies in the same industry.
  • PPG's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.13.
Industry RankSector Rank
PE 13.49
Fwd PE 12.64
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PPG indicates a somewhat cheap valuation: PPG is cheaper than 60.98% of the companies listed in the same industry.
  • PPG's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. PPG is cheaper than 71.95% of the companies in the same industry.
Industry RankSector Rank
P/FCF 19.67
EV/EBITDA 10.55
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.
  • The excellent profitability rating of PPG may justify a higher PE ratio.
PEG (NY)2
PEG (5Y)2.3
EPS Next 2Y7.6%
EPS Next 3Y8.36%

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7

5. PPG Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 2.74%, PPG has a reasonable but not impressive dividend return.
  • PPG's Dividend Yield is a higher than the industry average which is at 2.07.
  • Compared to an average S&P500 Dividend Yield of 1.89, PPG pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.74%

5.2 History

  • The dividend of PPG has a limited annual growth rate of 5.73%.
  • PPG has been paying a dividend for at least 10 years, so it has a reliable track record.
  • PPG has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)5.73%
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

  • 39.85% of the earnings are spent on dividend by PPG. This is a low number and sustainable payout ratio.
  • The dividend of PPG is growing, but earnings are growing more, so the dividend growth is sustainable.
DP39.85%
EPS Next 2Y7.6%
EPS Next 3Y8.36%
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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PPG Fundamentals: All Metrics, Ratios and Statistics

PPG INDUSTRIES INC

NYSE:PPG (4/7/2026, 5:05:00 PM)

After market: 102.24 0 (0%)

102.24

-1.62 (-1.56%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)01-27
Earnings (Next)04-28
Inst Owners91.83%
Inst Owner Change-0.01%
Ins Owners0.1%
Ins Owner Change-0.5%
Market Cap22.88B
Revenue(TTM)15.88B
Net Income(TTM)1.58B
Analysts72.67
Price Target125.03 (22.29%)
Short Float %2.96%
Short Ratio2.76
Dividend
Industry RankSector Rank
Dividend Yield 2.74%
Yearly Dividend2.77
Dividend Growth(5Y)5.73%
DP39.85%
Div Incr Years34
Div Non Decr Years34
Ex-Date02-20
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.28%
Min EPS beat(2)-5.5%
Max EPS beat(2)0.93%
EPS beat(4)2
Avg EPS beat(4)-0.23%
Min EPS beat(4)-5.5%
Max EPS beat(4)5.06%
EPS beat(8)2
Avg EPS beat(8)-0.92%
EPS beat(12)6
Avg EPS beat(12)1.78%
EPS beat(16)9
Avg EPS beat(16)3.34%
Revenue beat(2)1
Avg Revenue beat(2)1.2%
Min Revenue beat(2)-0.12%
Max Revenue beat(2)2.51%
Revenue beat(4)1
Avg Revenue beat(4)0.4%
Min Revenue beat(4)-0.54%
Max Revenue beat(4)2.51%
Revenue beat(8)1
Avg Revenue beat(8)-2.14%
Revenue beat(12)2
Avg Revenue beat(12)-1.57%
Revenue beat(16)4
Avg Revenue beat(16)-1.12%
PT rev (1m)-1.49%
PT rev (3m)3.15%
EPS NQ rev (1m)-0.1%
EPS NQ rev (3m)-3.34%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.16%
Revenue NQ rev (1m)0.03%
Revenue NQ rev (3m)1.81%
Revenue NY rev (1m)0.11%
Revenue NY rev (3m)1.92%
Valuation
Industry RankSector Rank
PE 13.49
Fwd PE 12.64
P/S 1.44
P/FCF 19.67
P/OCF 11.79
P/B 2.88
P/tB N/A
EV/EBITDA 10.55
EPS(TTM)7.58
EY7.41%
EPS(NY)8.09
Fwd EY7.91%
FCF(TTM)5.2
FCFY5.08%
OCF(TTM)8.67
OCFY8.48%
SpS70.93
BVpS35.48
TBVpS-0.8
PEG (NY)2
PEG (5Y)2.3
Graham Number77.79
Profitability
Industry RankSector Rank
ROA 7.13%
ROE 19.85%
ROCE 12.51%
ROIC 9.5%
ROICexc 10.91%
ROICexgc 23.81%
OM 13.55%
PM (TTM) 9.93%
GM 41.32%
FCFM 7.33%
ROA(3y)6.25%
ROA(5y)6.09%
ROE(3y)17.5%
ROE(5y)18.19%
ROIC(3y)10.47%
ROIC(5y)9.39%
ROICexc(3y)11.71%
ROICexc(5y)10.36%
ROICexgc(3y)27.1%
ROICexgc(5y)24.13%
ROCE(3y)13.79%
ROCE(5y)12.36%
ROICexgc growth 3Y6.59%
ROICexgc growth 5Y0.95%
ROICexc growth 3Y8.92%
ROICexc growth 5Y1.97%
OM growth 3Y8.57%
OM growth 5Y1.73%
PM growth 3Y14.75%
PM growth 5Y5.34%
GM growth 3Y4.59%
GM growth 5Y-1.12%
F-Score6
Asset Turnover0.72
Health
Industry RankSector Rank
Debt/Equity 0.83
Debt/FCF 6.28
Debt/EBITDA 2.47
Cap/Depr 147.35%
Cap/Sales 4.9%
Interest Coverage 10.24
Cash Conversion 72.45%
Profit Quality 73.79%
Current Ratio 1.62
Quick Ratio 1.22
Altman-Z 3.64
F-Score6
WACC12.93%
ROIC/WACC0.73
Cap/Depr(3y)130.76%
Cap/Depr(5y)110.38%
Cap/Sales(3y)4.28%
Cap/Sales(5y)3.67%
Profit Quality(3y)94.35%
Profit Quality(5y)81.84%
High Growth Momentum
Growth
EPS 1Y (TTM)-6.42%
EPS 3Y7.75%
EPS 5Y5.87%
EPS Q2Q%-6.21%
EPS Next Y6.73%
EPS Next 2Y7.6%
EPS Next 3Y8.36%
EPS Next 5Y8.62%
Revenue 1Y (TTM)0.19%
Revenue growth 3Y0.55%
Revenue growth 5Y2.79%
Sales Q2Q%4.96%
Revenue Next Year4.3%
Revenue Next 2Y3.67%
Revenue Next 3Y3.5%
Revenue Next 5Y4.3%
EBIT growth 1Y-4.7%
EBIT growth 3Y9.17%
EBIT growth 5Y4.57%
EBIT Next Year25.47%
EBIT Next 3Y12.14%
EBIT Next 5Y10.04%
FCF growth 1Y66.38%
FCF growth 3Y37.74%
FCF growth 5Y-8.43%
OCF growth 1Y36.69%
OCF growth 3Y26.32%
OCF growth 5Y-1.66%

PPG INDUSTRIES INC / PPG Fundamental Analysis FAQ

What is the fundamental rating for PPG stock?

ChartMill assigns a fundamental rating of 6 / 10 to PPG.


What is the valuation status for PPG stock?

ChartMill assigns a valuation rating of 5 / 10 to PPG INDUSTRIES INC (PPG). This can be considered as Fairly Valued.


How profitable is PPG INDUSTRIES INC (PPG) stock?

PPG INDUSTRIES INC (PPG) has a profitability rating of 8 / 10.


What are the PE and PB ratios of PPG INDUSTRIES INC (PPG) stock?

The Price/Earnings (PE) ratio for PPG INDUSTRIES INC (PPG) is 13.49 and the Price/Book (PB) ratio is 2.88.


Can you provide the expected EPS growth for PPG stock?

The Earnings per Share (EPS) of PPG INDUSTRIES INC (PPG) is expected to grow by 6.73% in the next year.