PPG INDUSTRIES INC (PPG) Stock Fundamental Analysis

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

119.52 USD
+3.06 (+2.63%)
At close: Feb 3, 2026
119.52 USD
0 (0%)
After Hours: 2/3/2026, 8:04:00 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. While PPG belongs to the best of the industry regarding profitability, 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. Finally PPG also has an excellent dividend rating. This makes PPG very considerable for dividend investing!


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • PPG had positive earnings in the past year.
  • In the past year PPG had a positive cash flow from operations.
  • PPG had positive earnings in 4 of the past 5 years.
  • 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 500M 1B 1.5B 2B

1.2 Ratios

  • PPG has a Return On Assets of 4.50%. This is in the better half of the industry: PPG outperforms 77.11% of its industry peers.
  • With an excellent Return On Equity value of 12.77%, PPG belongs to the best of the industry, outperforming 84.34% of the companies in the same industry.
  • PPG's Return On Invested Capital of 9.35% is fine compared to the rest of the industry. PPG outperforms 78.31% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for PPG is above the industry average of 6.09%.
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 74.70% of the companies in the same industry.
  • PPG's Profit Margin has declined in the last couple of years.
  • PPG has a Operating Margin of 14.70%. This is in the better half of the industry: PPG outperforms 75.90% of its industry peers.
  • In the last couple of years the Operating Margin of PPG has grown nicely.
  • PPG has a better Gross Margin (40.46%) 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 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

More info and screens

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 3.65. This indicates that PPG is financially healthy and has little risk of bankruptcy at the moment.
  • With an excellent Altman-Z score value of 3.65, PPG belongs to the best of the industry, outperforming 84.34% of the companies in the same industry.
  • 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.
  • 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 3.65
ROIC/WACC0.69
WACC13.57%
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.
  • With a Current ratio value of 1.47, PPG is not doing good in the industry: 71.08% of the companies in the same industry are doing better.
  • A Quick Ratio of 1.08 indicates that PPG should not have too much problems paying its short term obligations.
  • PPG's Quick ratio of 1.08 is in line compared 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

More info and screens

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

  • Based on estimates for the next years, PPG will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.38% on average per year.
  • Based on estimates for the next years, PPG will show a small growth in Revenue. The Revenue will grow by 4.07% on average per year.
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

  • The EPS 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

More info and screens

4

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 15.77, the valuation of PPG can be described as correct.
  • Compared to the rest of the industry, the Price/Earnings ratio of PPG indicates a somewhat cheap valuation: PPG is cheaper than 71.08% of the companies listed in the same industry.
  • PPG's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.18.
  • Based on the Price/Forward Earnings ratio of 14.75, the valuation of PPG can be described as correct.
  • 66.27% of the companies in the same industry are more expensive than PPG, based on the Price/Forward Earnings ratio.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 25.51, PPG is valued a bit cheaper.
Industry RankSector Rank
PE 15.77
Fwd PE 14.75
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.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of PPG is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 36.99
EV/EBITDA 12.57
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.
  • The decent profitability rating of PPG may justify a higher PE ratio.
PEG (NY)2.29
PEG (5Y)2.69
EPS Next 2Y7.56%
EPS Next 3Y8.35%

More info and screens

7

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 2.44%, PPG has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 2.27, 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 1.83.
Industry RankSector Rank
Dividend Yield 2.44%

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 their dividend for at least 10 years, which is a reliable track record.
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.
  • PPG's earnings are growing more than its dividend. This makes the dividend growth 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

PPG INDUSTRIES INC

NYSE:PPG (2/3/2026, 8:04:00 PM)

After market: 119.52 0 (0%)

119.52

+3.06 (+2.63%)

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 Cap26.82B
Revenue(TTM)N/A
Net Income(TTM)996.00M
Analysts72.67
Price Target125.71 (5.18%)
Short Float %2.69%
Short Ratio2.84
Dividend
Industry RankSector Rank
Dividend Yield 2.44%
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 15.77
Fwd PE 14.75
P/S 1.9
P/FCF 36.99
P/OCF 19.16
P/B 3.44
P/tB N/A
EV/EBITDA 12.57
EPS(TTM)7.58
EY6.34%
EPS(NY)8.1
Fwd EY6.78%
FCF(TTM)3.23
FCFY2.7%
OCF(TTM)6.24
OCFY5.22%
SpS62.95
BVpS34.76
TBVpS-1.33
PEG (NY)2.29
PEG (5Y)2.69
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 3.65
F-Score5
WACC13.57%
ROIC/WACC0.69
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.