PPG INDUSTRIES INC (PPG) Stock Fundamental Analysis

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

126.51 USD
+2.09 (+1.68%)
At close: Feb 6, 2026
126.51 USD
0 (0%)
After Hours: 2/6/2026, 5:05:00 PM
Fundamental Rating

5

PPG gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 83 industry peers in the Chemicals industry. PPG scores excellent on profitability, but there are some minor concerns on its financial health. PPG is valued correctly, but it does not seem to be growing. 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

  • PPG had positive earnings in the past year.
  • In the past year PPG had a positive cash flow from operations.
  • Of the past 5 years PPG 4 years were profitable.
  • PPG had a positive operating cash flow in 4 of the past 5 years.
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.
  • PPG has a better Return On Equity (12.77%) than 84.34% of its industry peers.
  • PPG has a Return On Invested Capital of 9.35%. This is in the better half of the industry: PPG outperforms 78.31% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years 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

  • With a decent Profit Margin value of 7.05%, PPG is doing good in the industry, outperforming 75.90% 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.
  • The Gross Margin of PPG (40.46%) is better than 83.13% of its industry peers.
  • PPG's Gross Margin has been stable in the last couple of years.
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

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 3.70. This indicates that PPG is financially healthy and has little risk of bankruptcy at the moment.
  • PPG has a Altman-Z score of 3.70. This is amongst the best in the industry. PPG outperforms 85.54% of its industry peers.
  • 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 61.45% of the companies in the same industry.
  • 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 comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.76
Debt/FCF 10.09
Altman-Z 3.7
ROIC/WACC0.69
WACC13.61%
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

  • A Current Ratio of 1.47 indicates that PPG should not have too much problems paying its short term obligations.
  • PPG has a Current ratio of 1.47. This is in the lower half of the industry: PPG underperforms 69.88% of its industry peers.
  • A Quick Ratio of 1.08 indicates that PPG should not have too much problems paying its short term obligations.
  • PPG has a Quick ratio (1.08) which is comparable to the rest of the industry.
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

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%.
  • The Earnings Per Share has been growing slightly by 5.87% on average over the past years.
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

  • PPG is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.38% yearly.
  • PPG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.07% yearly.
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

  • 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.
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

Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • PPG is valuated correctly with a Price/Earnings ratio of 16.69.
  • PPG's Price/Earnings ratio is a bit cheaper when compared to the industry. PPG is cheaper than 68.67% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.67. PPG is valued slightly cheaper when compared to this.
  • With a Price/Forward Earnings ratio of 15.61, PPG is valued correctly.
  • Based on the Price/Forward Earnings ratio, PPG is valued a bit cheaper than 65.06% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.20, PPG is valued a bit cheaper.
Industry RankSector Rank
PE 16.69
Fwd PE 15.61
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

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as PPG.
  • 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 39.16
EV/EBITDA 13
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)2.42
PEG (5Y)2.84
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

  • PPG has a Yearly Dividend Yield of 2.38%.
  • Compared to an average industry Dividend Yield of 2.22, 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 1.82.
Industry RankSector Rank
Dividend Yield 2.38%

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.
  • 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

Find the best dividend stocksShow peers with best dividend

PPG INDUSTRIES INC

NYSE:PPG (2/6/2026, 5:05:00 PM)

After market: 126.51 0 (0%)

126.51

+2.09 (+1.68%)

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 Cap28.39B
Revenue(TTM)N/A
Net Income(TTM)996.00M
Analysts72.67
Price Target125.71 (-0.63%)
Short Float %2.69%
Short Ratio2.84
Dividend
Industry RankSector Rank
Dividend Yield 2.38%
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 16.69
Fwd PE 15.61
P/S 2.01
P/FCF 39.16
P/OCF 20.28
P/B 3.64
P/tB N/A
EV/EBITDA 13
EPS(TTM)7.58
EY5.99%
EPS(NY)8.1
Fwd EY6.4%
FCF(TTM)3.23
FCFY2.55%
OCF(TTM)6.24
OCFY4.93%
SpS62.95
BVpS34.76
TBVpS-1.33
PEG (NY)2.42
PEG (5Y)2.84
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 3.7
F-Score5
WACC13.61%
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.