PPG INDUSTRIES INC (PPG) Stock Fundamental Analysis
NYSE:PPG • US6935061076
118.18 USD
-1.02 (-0.86%)
At close: Mar 3, 2026
118.18 USD
0 (0%)
After Hours: 3/3/2026, 7:00:00 PM
We assign a fundamental rating of 5 out of 10 to PPG. PPG was compared to 83 industry peers in the Chemicals industry. PPG has an excellent profitability rating, but there are some minor concerns on its financial health. PPG is not valued too expensively and it also shows a decent growth rate. Finally PPG also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
- PPG had positive earnings in the past year.
- 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.
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 79.52% of the companies in the same industry.
- The Return On Equity of PPG (12.77%) is better than 85.54% of its industry peers.
- PPG's Return On Invested Capital of 9.54% is amongst the best of the industry. PPG outperforms 80.72% of its industry peers.
| Industry Rank | Sector 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
1.3 Margins
- PPG's Profit Margin of 7.05% is fine compared to the rest of the industry. PPG outperforms 77.11% 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 75.90% of the companies in the same industry.
- In the last couple of years the Operating Margin of PPG has grown nicely.
- 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.
- In the last couple of years the Gross Margin of PPG has remained more or less at the same level.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), 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.
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 85.54% of the companies in the same industry.
- The Debt to FCF ratio of PPG is 10.09, which is on the high side as it means it would take PPG, 10.09 years of fcf income to pay off all of its debts.
- Looking at the Debt to FCF ratio, with a value of 10.09, PPG is in the better half of the industry, outperforming 63.86% of the companies in the same industry.
- 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.76 | ||
| Debt/FCF | 10.09 | ||
| Altman-Z | 3.65 |
ROIC/WACC0.71
WACC13.36%
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.
- Looking at the Current ratio, with a value of 1.47, PPG is doing worse than 69.88% of the companies in the same industry.
- A Quick Ratio of 1.08 indicates that PPG should not have too much problems paying its short term obligations.
- With a Quick ratio value of 1.08, PPG is not doing good in the industry: 60.24% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.47 | ||
| Quick Ratio | 1.08 |
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.
- Looking at the last year, PPG shows a small growth in Revenue. The Revenue has grown by 0.19% in the last year.
- The Revenue has been growing slightly by 2.79% on average over the past years.
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
- PPG is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.62% yearly.
- PPG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.30% yearly.
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
- 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.
4. Valuation
4.1 Price/Earnings Ratio
- PPG is valuated correctly with a Price/Earnings ratio of 15.59.
- 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 is valuated rather cheaply when we compare the Price/Earnings ratio to 26.83, which is the current average of the S&P500 Index.
- PPG is valuated correctly with a Price/Forward Earnings ratio of 14.59.
- Based on the Price/Forward Earnings ratio, PPG is valued a bit cheaper than the industry average as 65.06% of the companies are valued more expensively.
- The average S&P500 Price/Forward Earnings ratio is at 24.95. PPG is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.59 | ||
| Fwd PE | 14.59 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PPG is on the same level as its industry peers.
- The rest of the industry has a similar Price/Free Cash Flow ratio as PPG.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 36.58 | ||
| EV/EBITDA | 12.54 |
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)2.26
PEG (5Y)2.66
EPS Next 2Y7.56%
EPS Next 3Y8.35%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 2.30%, PPG has a reasonable but not impressive dividend return.
- PPG's Dividend Yield is a higher than the industry average which is at 2.19.
- PPG's Dividend Yield is a higher than the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.3% |
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
5.3 Sustainability
- 62.85% of the earnings are spent on dividend by PPG. 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%
118.18
-1.02 (-0.86%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)01-27 2026-01-27/amc
Earnings (Next)04-27 2026-04-27/amc
Inst Owners88.79%
Inst Owner Change2.74%
Ins Owners0.09%
Ins Owner Change-0.5%
Market Cap26.52B
Revenue(TTM)15.88B
Net Income(TTM)996.00M
Analysts72.26
Price Target126.93 (7.4%)
Short Float %3.22%
Short Ratio3.4
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.3% |
Yearly Dividend2.67
Dividend Growth(5Y)6.16%
DP62.85%
Div Incr Years34
Div Non Decr Years34
Ex-Date02-20 2026-02-20 (0.71)
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)4.6%
PT rev (3m)3.72%
EPS NQ rev (1m)0%
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.59 | ||
| Fwd PE | 14.59 | ||
| P/S | 1.88 | ||
| P/FCF | 36.58 | ||
| P/OCF | 18.94 | ||
| P/B | 3.4 | ||
| P/tB | N/A | ||
| EV/EBITDA | 12.54 |
EPS(TTM)7.58
EY6.41%
EPS(NY)8.1
Fwd EY6.86%
FCF(TTM)3.23
FCFY2.73%
OCF(TTM)6.24
OCFY5.28%
SpS62.95
BVpS34.76
TBVpS-1.33
PEG (NY)2.26
PEG (5Y)2.66
Graham Number76.99
Profitability
| Industry Rank | Sector 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 Rank | Sector 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
WACC13.36%
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 Year25.51%
EBIT Next 3Y12.14%
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 4 / 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.