PPG
PPG Industries
$118.92
▲ 0.6%Updated Today 7:15 PM ET
▲ Up 9.2% over the last 12 months
Market Cap
$26.36B
P/E
16.73x
Forward P/E (est.)
11.95x
ROE
20.2%
Revenue Growth
-3.9%
EPS Growth
50.5%
Profit Margin
9.8%
FCF Yield
7.0%
Debt / Equity
0.92x
ROIC
14.0%
Interest Coverage
10.83x
Current Ratio
1.61x
Dividend Yield
2.3%
Implied Growth (rev. DCF)
4.4%
Rating Score
57/100
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what PPG's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. PPG trades near $118.92, above its 50-day average ($110.51) and 200-day average ($107.79). Price above both averages, with the shorter one above the longer, is the textbook definition of an uptrend — momentum favours buyers.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 58 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently positive — short-term momentum is improving.
Volatility — ATR. Average True Range is the typical daily move. PPG's is $3.48 (~2.9% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month PPG found buyers near $100.64 (support) and sellers near $124.18 (resistance); its 52-week range is $93.39–$133.43. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 0.9× the 20-day average — about normal. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
PPG Industries (PPG) is a large-cap company in the Specialty Chemicals industry, part of the Materials sector of the S&P 500, with a market value around $26.36B.
In its latest reported year it generated about $15.88B in revenue and $1.58B in net profit.
Our model rates PPG Neutral (57/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
4Y CAGR
-1.4%
Revenue moved from $16.80B in 2021 to $15.88B in 2025, a -1.4% compound annual growth rate. The most recent year declined 3.9% year over year. Shrinking revenue is worth a closer look — is it cyclical or structural?
Gross Margin
41.4%
Operating Margin
13.3%
Net Margin
9.9%
ROE
20.2%
PPG Industries keeps about 9.8% of each sales dollar as net profit, with a 41.4% gross margin and 13.3% operating margin. Return on equity is 20.2% and return on invested capital about 14.0%. Margins are moderate — typical of a competitive but profitable business.
Total Debt
$7.10B
Net Debt
$5.52B
Net Debt / EBITDA
—
Debt / Equity
0.92x
Leverage: debt-to-equity is 0.9x, and operating profit covers interest about 10.8x, with a current ratio of 1.6x. That is a moderate, manageable debt load for most businesses. It carries roughly $7.10B of total debt against $1.57B of cash.
Operating CF
$1.94B
Free Cash Flow
$1.16B
FCF Margin
7.3%
In the latest year PPG Industries produced about $1.94B of operating cash flow and $1.16B of free cash flow after capital spending. That is a free-cash-flow yield of about 7.0% on today's price. Strong cash generation funds dividends, buybacks, and reinvestment.
P/E
16.73x
P/S
1.7x
P/B
2.84x
EV / EBITDA
10.12x
PPG trades at 16.7x trailing earnings (about 12.0x on estimated forward earnings), 1.7x sales, and 2.8x book value. Reverse-engineering today's price implies the market expects roughly 4.4% long-term free-cash-flow growth. That is a fairly typical valuation for a profitable company.
Where this stock sits versus what most companies trade at.
Typical ranges are general references (e.g., many stocks trade at ~18–26x earnings), not hard rules. Context only — not investment advice.
How PPG stacks up against its Materials peers — valuation, profitability, and growth versus the sector median.
In the Materials sector (26 S&P 500 companies), PPG ranks #6 of 26 by our overall rating. It trades at a discount versus the sector on earnings (16.7x P/E vs. 27.7x median) with a higher return on equity (20.2% vs. 14.1%) and slower revenue growth (-3.9% vs. 4.9%).
P/E vs sector
16.7x
median 27.7x
ROE vs sector
20.2%
median 14.1%
Growth vs sector
-3.9%
median 4.9%
Sector rank
#6
of 26 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Materials companies by sub-industry and size. Sector median is across all 26 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$82.56 – $140.36
vs. $118.92 today · expected CAGR -7% – 3%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $16.35B | $16.84B | $17.35B | $17.87B | $18.40B |
| Net income | $1.64B | $1.68B | $1.73B | $1.79B | $1.84B |
| EPS | $7.34 | $7.56 | $7.78 | $8.02 | $8.26 |
| Share price (low) | $73.36 | $75.56 | $77.82 | $80.16 | $82.56 |
| Share price (high) | $124.71 | $128.45 | $132.30 | $136.27 | $140.36 |
| CAGR (low–high) | -38% / 5% | -20% / 4% | -13% / 4% | -9% / 3% | -7% / 3% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for PPG:
- Strong return on equity (20.2%) shows capital is put to work well.
- Healthy free-cash-flow yield (~7.0%) funds buybacks and dividends.
- Pays a 2.3% dividend on top of any price gains.
The case against PPG:
- Revenue growth is slow/negative (-3.9%), limiting the upside engine.
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Growth risk — sluggish revenue (-3.9%) leaves little margin for execution missteps.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the picture is mixed: PPG Industries is a large-cap materials business with shrinking revenue, with modest profitability, and a heavier debt load to watch. It trades at 16.7x earnings, which our model scores Neutral (57/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.