PPG INDUSTRIES INC (PPG) Fundamental Analysis & Valuation

NYSE:PPG • US6935061076

Current stock price

97.22 USD
-1.16 (-1.18%)
At close:
97.22 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.
  • In the past year PPG had a positive cash flow from operations.
  • 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

  • PPG has a better Return On Assets (7.13%) than 86.75% of its industry peers.
  • PPG has a better Return On Equity (19.85%) than 91.57% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 9.50%, PPG belongs to the top of the industry, outperforming 80.72% of the companies in the same industry.
  • PPG had an Average Return On Invested Capital over the past 3 years of 10.47%. This is above the industry average of 6.41%.
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

  • With an excellent Profit Margin value of 9.93%, PPG belongs to the best of the industry, outperforming 87.95% of the companies in the same industry.
  • PPG's Profit Margin has improved in the last couple of years.
  • The Operating Margin of PPG (13.55%) is better than 73.49% of its industry peers.
  • PPG's Operating Margin has improved in the last couple of years.
  • With an excellent Gross Margin value of 41.32%, PPG belongs to the best of the industry, outperforming 86.75% 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 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

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), PPG is creating some value.
  • Compared to 1 year ago, PPG has less shares outstanding
  • The number of shares outstanding for PPG has been reduced compared to 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 3.58 indicates that PPG is not in any danger for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 3.58, PPG belongs to the top of the industry, outperforming 84.34% 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 better Debt to FCF ratio (6.28) than 73.49% of its industry peers.
  • A Debt/Equity ratio of 0.83 indicates that PPG is somewhat dependend on debt financing.
  • PPG has a worse Debt to Equity ratio (0.83) than 60.24% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.83
Debt/FCF 6.28
Altman-Z 3.58
ROIC/WACC1.21
WACC7.84%
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's Current ratio of 1.62 is on the low side compared to the rest of the industry. PPG is outperformed by 65.06% of its industry peers.
  • A Quick Ratio of 1.22 indicates that PPG should not have too much problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.22, PPG is in line with its industry, outperforming 46.99% 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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. PPG Growth Analysis

3.1 Past

  • PPG shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -6.42%.
  • Measured over the past 5 years, PPG shows a small growth in Earnings Per Share. The EPS has been growing by 5.87% on average per year.
  • PPG shows a small growth in Revenue. In the last year, the Revenue has grown by 0.19%.
  • 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

  • The Earnings Per Share is expected to grow by 8.62% on average over the next years. This is quite good.
  • PPG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.30% yearly.
EPS Next Y6.73%
EPS Next 2Y7.6%
EPS Next 3Y8.36%
EPS Next 5Y8.62%
Revenue Next Year4.18%
Revenue Next 2Y3.54%
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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5

4. PPG Valuation Analysis

4.1 Price/Earnings Ratio

  • PPG is valuated correctly with a Price/Earnings ratio of 12.83.
  • 79.52% 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 25.23. PPG is valued slightly cheaper when compared to this.
  • PPG is valuated correctly with a Price/Forward Earnings ratio of 12.02.
  • Based on the Price/Forward Earnings ratio, PPG is valued a bit cheaper than the industry average as 75.90% of the companies are valued more expensively.
  • PPG's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.28.
Industry RankSector Rank
PE 12.83
Fwd PE 12.02
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.
  • Based on the Price/Free Cash Flow ratio, PPG is valued a bit cheaper than 69.88% of the companies in the same industry.
Industry RankSector Rank
P/FCF 18.71
EV/EBITDA 10
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 excellent profitability rating of PPG may justify a higher PE ratio.
PEG (NY)1.9
PEG (5Y)2.19
EPS Next 2Y7.6%
EPS Next 3Y8.36%

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

8

5. PPG Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 2.89%, PPG has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 2.12, PPG pays a bit more dividend than its industry peers.
  • PPG's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 2.89%

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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
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

  • PPG pays out 39.85% of its income as dividend. This is a 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 (3/20/2026, 8:17:32 PM)

After market: 97.22 0 (0%)

97.22

-1.16 (-1.18%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)01-27
Earnings (Next)04-16
Inst Owners91.83%
Inst Owner Change2.68%
Ins Owners0.1%
Ins Owner Change-0.5%
Market Cap21.76B
Revenue(TTM)15.88B
Net Income(TTM)1.58B
Analysts72.26
Price Target126.93 (30.56%)
Short Float %3.15%
Short Ratio3.1
Dividend
Industry RankSector Rank
Dividend Yield 2.89%
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)0.97%
PT rev (3m)4.71%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-3.89%
EPS NY rev (1m)-0.15%
EPS NY rev (3m)-1.44%
Revenue NQ rev (1m)-0.08%
Revenue NQ rev (3m)1.6%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)1.71%
Valuation
Industry RankSector Rank
PE 12.83
Fwd PE 12.02
P/S 1.37
P/FCF 18.71
P/OCF 11.21
P/B 2.74
P/tB N/A
EV/EBITDA 10
EPS(TTM)7.58
EY7.8%
EPS(NY)8.09
Fwd EY8.32%
FCF(TTM)5.2
FCFY5.35%
OCF(TTM)8.67
OCFY8.92%
SpS70.93
BVpS35.48
TBVpS-0.8
PEG (NY)1.9
PEG (5Y)2.19
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 3.58
F-Score6
WACC7.84%
ROIC/WACC1.21
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 Year4.18%
Revenue Next 2Y3.54%
Revenue Next 3Y3.49%
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.


Can you provide the profitability details for PPG INDUSTRIES INC?

PPG INDUSTRIES INC (PPG) has a profitability rating of 8 / 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 6.73% in the next year.