PPG Industries Inc. (PPG)

NYSE: PPG · USD

$119

+5.21 (+4.6%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-10-07

Our latest published analysis: PPG rated Hold

PPG Industries Inc.'s published Hold conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$99.5 / share

Potential value

$125 / share

Upside to FV

-5.3%

from $119

Moat

6.5/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$23.4B
Revenue (ttm)	16.4B
Net income (ttm)	1.6B
EPS (ttm)	$6.99
Shares out	222.3M
P/E (trailing)	17.0x
P/E (forward)	12.4x
Dividend	$2.96 (2.50%)
Volume	4,187,780
Beta	1.05

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 16.4B
Net income (ttm): 1.6B
EPS (ttm): $6.99
P/E (trailing): 17.0x
P/E (forward): 12.4x
Market cap: $23.4B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$16.80B	$15.61B	$16.24B	$15.85B	$15.88B	-1.4%
Gross profit	$6.52B	$5.64B	$6.56B	$6.59B	$6.03B	-1.9%
Operating income	$2.17B	$2.04B	$2.68B	$2.09B	$2.29B	+1.3%
Net income	$1.44B	$1.03B	$1.27B	$1.12B	$1.58B	+2.3%
EPS (diluted)	$6.01	$4.32	$5.35	$4.75	$6.94	+3.7%
EBITDA	$2.50B	$2.02B	$2.45B	$2.59B	$2.81B	+3.0%
R&D	$463.0M	$457.0M	$446.0M	$447.0M	$446.0M	-0.9%
SG&A	$3.78B	$3.04B	$3.40B	$3.39B	$3.44B	-2.3%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AAL	American Airlines Group Inc.	8.3B	—	0.1x	3.0%	+20.0%	-6.9%	보유
ALB	Albemarle Corporation	11.4B	198.9x	1.9x	4.1%	+12.8%	+1.9%	보유
ANET	Arista Networks Inc.	235.7B	59.1x	22.4x	284.8%	+32.0%	+19.7%	매도
APD	Air Products and Chemicals, Inc.	68.3B	—	5.4x	8.9%	+5.2%	+23.1%	보유
AVY	Avery Dennison Corporation	13.7B	19.8x	1.5x	15.1%	+3.3%	+1.6%	보유
BALL	Ball Corporation	16.7B	18.0x	1.2x	8.7%	+2.3%	+28.3%	매수

Base and Bull scenarios

Base55%

Price target

$99.48

-5.3% from spot

In the Base case, Fair value reaches $99.48, representing an expected return of -5.3% with an assigned probability of 55.0%. This trajectory assumes moderate organic revenue expansion led by Latin America and Asia Pacific offsetting sluggish European volumes, while operating margins normalize near house forecast expectations. Confirmation requires steady operating cash flow conversion and volume stabilization in Industrial Coatings through FY2026. The path would be disconfirmed if automotive OEM builds contract sharply or European industrial weakness deepens.

Moderate organic top-line expansion supported by emerging markets
Operating margin normalization near baseline forecast expectations
Continued operating cash conversion supporting disciplined share buybacks

Bull20%

Price target

$125.29

+19.2% from spot

In the Bull case, Potential value reaches $125.29, offering an implied return of 19.2% with a probability of 20.0%. This path requires synchronized global industrial acceleration, automotive OEM volume recovery, and raw material cost stability that expands operating margins toward peak historical levels. Investors would confirm this scenario by observing accelerating volume growth across both Industrial and Performance Coatings during FY2026. This case would be disconfirmed by renewed raw material inflation or failure to gain operating leverage.

Synchronized acceleration in global industrial production and automotive builds
Operating margin expansion driven by manufacturing efficiencies and pricing discipline
Accelerated free cash flow generation and accretive share repurchases

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($99.48). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	2.0%	2.3%	2.5%	2.8%	3.0%
7.3%	$107	$110	$113	$116	$120
7.8%	$101	$103	$106	$108	$111
8.3%	$95.7	$97.5	$99.5	$102	$104
8.8%	$91.2	$92.7	$94.4	$96.1	$98.1
9.3%	$87.2	$88.5	$89.9	$91.4	$93.0

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E12.4

P25 n/aP50 n/aP75 n/a

Trailing P/E15.3

P25 n/aP50 n/aP75 n/a

ROE19.3

P25 n/aP50 n/aP75 n/a

ROIC11.6

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All PPG indicators

Market & fundamental data

Available fields

286

Groups with data

Currency

USD

Showing 286 of 286 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0000079879
Company name	PPG Industries, Inc.
Country	United States
Country code	US
CUSIP number	693506107
Earnings date	2026-10-27
Earnings time	amc
Employees	43,500
Employees change	-2,500
Employees growth	-5.43%
Enterprise value	$32.2B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	1883
In index	SP500
Industry	Specialty Chemicals
Is primary listing	Yes
Is SPAC	No
ISIN number	US6935061076
Last 10-K release date	2026-02-19
Last earnings date	2026-10-27
Last refreshed	2026-10-28
Last stock split date	2015-06-15
Last stock split type	Forward
Market cap	$26.4B
Market cap category	Large-Cap
Next earnings date	2027-01-26
Options	Yes
Price	$118.65
Price currency	USD
Sector	Materials
SIC code	2851
Stock price date	2026-10-28
Symbol	PPG
U.S. state	Pennsylvania
Website	https://www.ppg.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	15.41x
Average P/E ratio (10Y)	23.66x
Average P/E ratio (3Y)	21.56x
Average P/E ratio (5Y)	23.43x
Earnings yield	5.89%
EV/Earnings	20.62x
EV/EBIT	15x
EV/EBITDA	12.01x
EV/FCF	23.03x
EV/Sales	1.97x
FCF / EV yield	4.34%
FCF yield	5.28%
Forward EV/Sales	1.89x
Forward P/E	13.87x
Forward P/S	1.55x
Graham number	77.28347
Graham upside	-35.49%
Industry forward P/E	19.6x
Industry P/E	43.87x
Lynch fair value	$34.95
Lynch upside	-70.83%
P/(FCF - SBC) ratio	19.44x
P/(OCF - SBC) ratio	12.52x
P/B ratio	2.99x
P/E ratio	16.98x
P/FCF ratio	18.93x
P/OCF ratio	12.31x
P/S ratio	1.62x
PEG ratio	1.76x
Price / tangible book value	80.46x
Price/EBITDA ratio	9.87x
Sector forward P/E	15.04x
Sector P/E	22.59x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	13.15%
EBITDA margin	16.43%
Effective tax rate	22.4%
FCF margin	8.57%
Gross margin	41.2%
Operating margin	13.15%
Pretax margin	12.37%
Profit margin	9.57%
Profit per employee	$36,138
Profitable quarters	6
Profitable years	23
Revenue per employee	$377,494
ROA	6.05%
ROA (5Y)	6%
ROCE	12.48%
ROE	19.3%
ROE (5Y)	19.19%
ROIC	11.63%
ROIC (5Y)	12.06%
SBC / revenue	0.23%
Tax / revenue	2.77%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	59.81%
EPS growth (Q)	-1.46%
EPS growth (QoQ)	14.77%
EPS growth 10Y	2.61%
EPS growth 3Y	7.85%
EPS growth 5Y	1.84%
EPS growth years	1
FCF growth	75.88%
FCF growth 3Y	4.75%
FCF growth 5Y	-7.11%
Gross profit growth	3.84%
Gross profit growth (Q)	2.55%
Gross profit growth 3Y	-1.32%
Gross profit growth 5Y	0.23%
Net income growth	55.49%
Net income growth (Q)	-2.89%
Net income growth (QoQ)	14.4%
Net income growth 3Y	5.97%
Net income growth 5Y	0.64%
Net income growth years	1
OCF growth	45.82%
OCF growth 10Y	2.75%
OCF growth 3Y	7.96%
OCF growth 5Y	-1.96%
Operating income growth	1.84%
Operating income growth (Q)	-1.41%
Operating income growth 3Y	1.45%
Operating income growth 5Y	0.32%
Revenue growth	4.99%
Revenue growth (Q)	7.15%
Revenue growth (QoQ)	14.38%
Revenue growth 10Y	1.27%
Revenue growth 3Y	-2.84%
Revenue growth 5Y	0.93%
Revenue growth quarters	4
Revenue growth years	1

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-757M
Depreciation and amortization	$538M
EBIT	$2.2B
EBITDA	$2.7B
EPS	$6.99
FCF per share	$6.33
Financing cash flow	$-1.4B
Free cash flow	$1.4B
Free cash flow minus SBC	$1.4B
Gross profit	$6.8B
Income taxes	$455M
Investing cash flow	$-870M
Net borrowing	$-302M
Net cash flow	$-41M
Net income	$1.6B
Operating cash flow minus SBC	$2.1B
Operating income	$2.2B
Revenue	$16.4B
Stock-based compensation	$37M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	3.72
Book value per share	$37.98
Debt / EBITDA	2.57
Debt / equity	0.87
Debt / FCF	5.31
Goodwill	$6.2B
Interest coverage	8.47
Long-term assets	$14.3B
Long-term liabilities	$8.7B
Net cash (debt)	$-5.8B
Net cash / market cap	-21.7%
Net debt / EBITDA	2.14
Net debt / equity	0.67
Net debt / FCF	4.11
Piotroski F-Score	6
Property, plant and equipment	$4.6B
Shareholders' equity	$8.6B
Tangible book value	$331M
Tangible book value per share	$1.49
Total assets	$22.5B
Total cash	$1.6B
Total debt	$7.5B
Total liabilities	$13.9B
WACC	8.41%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.74
Current assets	$8.3B
Current liabilities	$5.2B
Current ratio	1.58
Inventory turnover	4.34
Net working capital	$2.3B
Quick ratio	1.06
Working capital	$3B
Working capital turnover	6.02

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	2.53%
Dividend growth	4.32%
Dividend growth (10Y)	6.4%
Dividend growth (3Y)	4.52%
Dividend growth (5Y)	5.11%
Dividend growth years	55
Dividend payment date	2026-12-11
Dividend payment years	56
Dividend payout frequency	Quarterly
Dividend per share	$2.96
Dividend yield	2.5%
Ex-dividend date	2026-11-10
FCF payout ratio	46.77%
Last dividend	$0.74
Payout ratio	42.35%
Shareholder yield	5.01%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	27.6%
10Y return CAGR	4.43%
10Y total return	54.2%
150-day SMA	$111.40
15Y price change	167.87%
15Y return CAGR	8.74%
15Y total return	251.21%
1D price change	4.59%
1M price change	10.78%
1M total return	10.78%
1W price change	9.67%
1W total return	9.67%
1Y price change	12.95%
1Y return CAGR	15.92%
1Y total return	15.91%
20-day SMA	$107.85
200-day SMA	$112.33
20Y price change	249.55%
20Y return CAGR	8.82%
20Y total return	442.02%
3M price change	0.54%
3M total return	1.17%
3Y price change	-1.33%
3Y return CAGR	1.91%
3Y total return	5.84%
50-day SMA	$108.52
50-day SMA vs 200-day SMA	50under200
52-week high	$133.43
52-week high date	2026-02-12
52-week low	$93.39
52-week low date	2025-11-19
5Y price change	-26.26%
5Y return CAGR	-3.89%
5Y total return	-17.99%
6M price change	7.99%
6M total return	9.37%
All-time high	$182.97
All-time high date	2021-06-07
All-time low	$0.83
All-time low date	1974-09-13
Average true range (ATR)	$3.12
Average volume	1.9M
Beta (1Y)	0.62
Beta (2Y)	0.87
Beta (5Y)	1.05
Change from 52-week high	-11.08%
Change from 52-week low	27.06%
Change from all-time high	-34.9%
Change from all-time low	14,193.77%
Change from open	0.49%
Day's gap	4.08%
Dollar volume	$496.9M
High price	$120.62
Low price	$115.81
Monthly RSI	52.25
Open price	$118.07
Position in 52-week range	59.04%
Premarket change	6.28%
Premarket close	$113.44
Premarket price	$120.56
Premarket volume	2.9K
Previous close	$113.44
Price vs 150-day SMA	6.93%
Price vs 20-day SMA	10.44%
Price vs 200-day SMA	6.04%
Price vs 50-day SMA	9.76%
Relative volume	2.26
RSI	73.05
Sharpe ratio	0.5
Sharpe ratio (3Y)	0.02
Sharpe ratio (5Y)	-0.14
Sortino ratio	0.93
Sortino ratio (3Y)	0.25
Sortino ratio (5Y)	0.01
Volume	4.2M
Weekly RSI	58.1
YTD price change	16.25%
YTD total return	18.41%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	221.8M
Float percentage	99.78%
Shares change (QoQ)	-0.22%
Shares change (YoY)	-2.53%
Shares held by insiders	0.11%
Shares held by institutions	93.83%
Shares outstanding	222.3M
Short % of float	2.94%
Short % of shares	2.93%
Short ratio	3.7 days

Deeper analysis on PPG

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this PPG report

What is the latest published PPG stock rating?

PPG Industries Inc. is shown with Hold in the latest published report, analyzed 2026-10-07. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full PPG analysis?

The full latest published report, analyzed 2026-10-07, lives at /stocks/PPG/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for PPG?

The latest published report analyzed 2026-10-07 gives PPG a fair value of USD 99 and a potential value of USD 125. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the PPG page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-10-07). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

HoldPPG · Fair value $99.5-5.3%

Read full analysis →

PPG Industries Inc. (PPG)

Our latest published analysis: PPG rated Hold

Price

Financial snapshot

Fair-value bridge

Latest news · PPG

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All PPG indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on PPG

Frequently asked questions

등급 이력

Category	Score	Reading
Valuation	4.5
Management	6.5
Balance Sheet	6.0
Profitability	6.0
Revenue Growth	6.0
Risk Assessment	6.5
Competitive Moat	6.5
Earnings Quality	7.5
Capital Efficiency	5.5