Ppg Industries Inc (PPG)
Materials · Specialty Chemicals · US stock · S&P 500 component
$107.39
▼ -0.42 (0.39%)
Fair valueUndervalued
$164 +52.3% to fair value
$82fair band $114–$213$245
Day's range
$106.75 – $110.00
52-week range
$91.35 – $130.99
About Ppg Industries Inc
PPG Industries makes paints, coatings and specialty materials used in buildings, vehicles, aircraft, packaging and industrial equipment. Its products include architectural paints sold through retailers and professional channels, automotive refinish coatings for body shops, and protective and marine coatings for demanding environments. The company earns revenue by selling these products to contractors, manufacturers and consumers around the world, and results track construction, vehicle production and industrial activity.
The X-Ray Score for Ppg Industries Inc is 67 out of 100. Revenue over the last twelve months was $16.1 billion, and it grew 0.6% a year over the past three years. The business shows an operating margin of 15.6% and a return on invested capital of 14%. Net debt to EBITDA is 1.8 times. The company pays a dividend with a yield of 2.7%.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $91.35 – $130.99Volume 3,865,300Daily, split-adjusted
Vitals
Market cap$24.1B
52-week range$91.35 – $130.99
Volume (last day)3,865,300
P/E (TTM)15.3
EBIT / EV yield8.4%
Free-cash-flow yield5.1%
Dividend yield2.7%
Revenue (TTM)$16.1B
Net income (TTM)$1.6B
Operating margin15.6%
Return on capital14.2%
Debt incl. leases$7.2B
Cash & securities$1.6B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$164model spread $155 – $172
Undervalued
+52.3% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Multiples use through-the-cycle earnings (0.92x of the last twelve months)
Price $107
Undervalued < $114Fair $114 – $213Overvalued > $213
10-year DCF (market-scaled)
$154
Peer multiples
$140
Earnings power floor (not blended)
$71
Fundamentals-adjusted multiple
$196
Growth the price implies
4.6%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Average business at a low price
Our models put fair value above today's price, but models can be wrong, so check the business first. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Materials peers. Open a lens to see the numbers behind it.
Valuation
Strong
80/100
Cheap against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield8.4%
Free-cash-flow yield5.1%
Fair value vs price1.5×
Growth
Fair
54/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)0.6%
EPS growth (3y)17.1%
Growth consistency50%
Profitability
Fair
67/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital14.2%
Operating margin15.6%
Gross profitability30.1%
Financial health
Fair
62/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score6 / 9
Net debt / EBITDA1.8×
Interest cover10.2×
Dividends
Fair
58/100
Dividend is typical for its sector.
See the numbers →
Dividend yield2.7%
Dividends vs free cash flow52%
Dividend growth3.3%
Quarterly results: last 6 quarters
+59.0%
Dec '24
-4.3%
Mar '25
-0.9%
Jun '25
+1.2%
Sep '25
+5.0%
Dec '25
+6.7%
Mar '26
Revenue against the same quarter a year earlier. Latest quarter revenue $3.9B, diluted EPS $1.70.
Compare with peers
SHW Sherwin Williams Co57 ECL Ecolab Inc.50 ALB Albemarle Corp41 IFF International Flavors...23Other Specialty Chemicals companies by X-Ray Score.
Fundamentals checklist
● 9 Good · ● 5 Average · ● 2 BadCash quality
Earnings backed by cashBad
Free-cash-flow yieldGood
Risk models
Altman Z''Good
Piotroski F-ScoreAverage
Growth
EPS growth (3y)Good
Free-cash-flow growth (3y)Good
Revenue growth (3y)Average
Growth consistencyBad
Balance sheet
Current ratioAverage
Net debt / EBITDAGood
Interest coverAverage
Valuation
Fair value vs priceGood
EBIT / EV yieldGood
Profitability
Return on invested capitalGood
Operating marginAverage
Gross profitabilityGood
Each check is graded against the company's sector, not a fixed number. Checklist score 66/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $16.8B | $15.6B | $16.2B | $15.8B | $15.9B |
| Operating income | $2.2B | $2.0B | $2.7B | $2.1B | $2.3B |
| Net income | $1.4B | $1.0B | $1.3B | $1.1B | $1.6B |
| Operating cash flow | $1.6B | $963M | $2.4B | $1.4B | $1.9B |
| Operating margin | 12.9% | 13.1% | 16.5% | 13.2% | 14.4% |
| Free cash flow | $1.2B | $477M | $1.9B | $699M | $1.2B |
| Diluted EPS | $6.01 | $4.32 | $5.35 | $4.75 | $6.94 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bearish
5 bullish · 3 neutral · 8 bearish
Weekly
Strongly bearish
0 bullish · 1 neutral · 11 bearish
Monthly
Strongly bearish
1 bullish · 1 neutral · 6 bearish
Moving averages (daily)
| SMA 10 | 105.5 | Bullish |
| EMA 10 | 105.8 | Bullish |
| SMA 20 | 105.8 | Bullish |
| EMA 20 | 106.1 | Bullish |
| SMA 50 | 109.1 | Bearish |
| EMA 50 | 108.3 | Bearish |
| SMA 100 | 112.6 | Bearish |
| EMA 100 | 109.8 | Bearish |
| SMA 200 | 111.1 | Bearish |
| EMA 200 | 109.9 | Bearish |
Oscillators (daily)
| RSI (14) | 52.98 | Neutral |
| MACD (12, 26) | -0.73 | Bearish |
| Momentum (12) | 2.93 | Bullish |
| Stochastic %K (14) | 68.55 | Neutral |
| Williams %R (14) | -31.45 | Neutral |
| CCI (20) | 135.5 | Bearish |
Pivot points (classic, last session)
S3 102.8 | S2 104.8 | S1 106.1 | Pivot 108.0 | R1 109.3 | R2 111.3 | R3 112.6 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
2.87 USD
Yield on today's price
2.67%
Frequency
Quarterly
Next ex-dividend date
10 Nov 2026
| Ex-dividend date | Amount per share |
|---|---|
| 10 Nov 2026 (upcoming) | 0.7400 |
| 10 Aug 2026 | 0.7400 |
| 11 May 2026 | 0.7100 |
| 20 Feb 2026 | 0.7100 |
| 10 Nov 2025 | 0.7100 |
| 11 Aug 2025 | 0.7100 |
| 12 May 2025 | 0.6800 |
| 21 Feb 2025 | 0.6800 |
| 12 Nov 2024 | 0.6800 |
| 12 Aug 2024 | 0.6800 |
| 9 May 2024 | 0.6500 |
| 15 Feb 2024 | 0.6500 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
PPG SEC filings
29 Jul 2026
10-QSEC EDGAR
Quarterly report
28 Jul 2026
8-KSEC EDGAR
Results of operations
29 Apr 2026
10-QSEC EDGAR
Quarterly report
28 Apr 2026
8-KSEC EDGAR
Results of operations
28 Apr 2026
8-KSEC EDGAR
Director or officer change
21 Apr 2026
8-KSEC EDGAR
Director or officer change; Shareholder vote results
15 Apr 2026
8-KSEC EDGAR
Results of operations
5 Mar 2026
DEF 14ASEC EDGAR
Proxy statement
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.