PPG Industries (PPG) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

PPG Industries

NYSE•Basic Materials•Specialty Chemicals

$105.45+0.47(<0.01%)After hours

Market Cap

$23.41B

P/E

14.9x

P/S

1.4x

P/B

2.8x

PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through three segments: Global Architectural Coatings, Performance Coatings, and Industrial Coatings. The Global Architectural Coatings segment supplies a variety of decorative coatings, adhesives, sealants, and finishes, as well as paint strippers, stains, and related chemicals. Its Performance Coatings segment offers aerospace coatings, automotive refinishing coatings, protective and marine coatings, and traffic solutions comprising paints, thermoplastics, raised pavement markers, and other technologies for pavement marking. The Industrial Coatings segment provides automotive OEM coatings, industrial coatings, and packaging coatings, as well as specialty products, such as optical monomers and coatings, low-friction coatings, and other specialty products. The company delivers its products to company-owned stores, home centers and other consumer retail outlets, paint dealers, concessionaires and independent distributors, company-owned distribution networks, and directly to manufacturing companies and retail customers. PPG Industries, Inc. was incorporated in 1883 and is headquartered in Pittsburgh, Pennsylvania.

How this company scores

ExcellentMetricSide Score: 82/100

Strongest: Profitability (23/25); weakest: Balance Sheet & Red Flags (14/25).

Profitability23/25

Growth22/25

Balance Sheet & Red Flags14/25

Cash & Earnings Quality23/25

Strengths

Rising free cash flowHigh ROERising earningsCash-backed earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 14.9x5y range 14.7x – 29.3x

Currently below its 20-quarter median.

P/S · 1.4x5y range 1.3x – 1.9x

Currently near its 20-quarter median.

P/B · 2.8x5y range 2.8x – 5.0x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $23.41B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $16.42B
Q. Revenue: $4.50B
TTM EBITDA: $2.62B
TTM Op. Income: $2.08B
Q. Op. Income: $743.00M
TTM Net Income: $1.57B
Q. Net Income: $437.00M
EPS: $1.96
Shares Out.: $223.00M

$16.42B in TTM revenue grew 12.3% YoY, reaching $4.50B last quarter. TTM EBITDA of $2.62B and TTM operating income of $2.08B show growth is flowing through to the bottom line. TTM net income of $1.57B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 3 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 40.2%
EBITDA Margin: 16.5%
Op. Margin: 16.5%
Net Margin: 9.7%

Op. margin of 16.5% is down 1.2% YoY — costs are rising relative to revenue. Net margin at 9.7% and gross margin of 40.2% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 14.9x
P/S Ratio: 1.4x
P/B Ratio: 2.8x

At 14.9x P/E, the stock trades below typical market levels. P/S of 1.4x and P/B of 2.8x provide additional context. P/E sits below typical market levels while revenue is growing. Over the past year, P/E is down 42% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $22.53B
Cash: $1.52B
Long-Term Debt: $6.20B
Book Value: $8.44B
D/E Ratio: 0.7
Debt/EBITDA: 8.3

With $22.53B in assets and $6.20B in long-term debt, D/E is 0.7and book value is $8.44B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $559.00M
TTM Free Cash Flow: $1.41B
FCF Margin: 8.6%
FCF / Net Income: 0.9

TTM FCF of $1.41B on $559.00M in operating cash flow. The FCF / Net Income ratio of 0.9x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.