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Stock PPG Industries, Inc. PPG

PPG Industries, Inc. — Investlytic score 2/5 on the five criteria.

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Score Investlytic · 5 criteria

Analysis in progress…

Investlytic score: 2/5 criteria met. Data as of 17/09/2026.

  • ❌ Price trend failed
  • ⚠️ Mixed growth
  • ❌ Debt failed
  • ✅ P/E passed
  • ✅ Correction passed

Price trend

Overall trend (8 years): insufficient progression (less than x1.5).

Price change 2018 → 2019: 30.58%

Price change 2019 → 2020: 8.04%

Price change 2020 → 2021: 19.57%

Price change 2021 → 2022: -27.08%

Price change 2022 → 2023: 18.94%

Price change 2023 → 2024: -20.13%

Price change 2024 → 2025: -14.22%

Price change 2025 → 2026: 7.87%

Price change 2026 (year to date): 5.91%

Financial growth

Revenue CAGR (8 years): 0.46%

Earnings CAGR (8 years): 2.33%

Growth status: positive trend (>1%/yr) in revenue OR earnings, but not both.

Debt

Debt-to-equity ratio: 7446000000.00

Debt/equity > 0.5 (maximum threshold).

P/E (Price/Earnings)

P/E ratio: 13.67

P/E < 25.0 (maximum threshold).

Correction (6 months)

Current correction: 15.99% from the high over 6 months.

Correction between 10.0% and 20.0% (target range).

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Criteria of the Investlytic model

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Investlytic rating reserved for members

Score out of 100, model verdict (buy, watch, sell) and details of the 5 criteria · visible with a free account.

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Price trend

Price & trend

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⚖️ Comparison with the market

All stocks →
StockP/EDette/FPRevenue growthRating
PPG Industries, Inc.15.50.99+1.1 %🔒
Dow Inc.–1.22+0.8 %–
HeidelbergCement AG13.40.45+4.1 %★ 5/5
Sika AG27.30.83+6.4 %–
Royal Gold, Inc.23.70.14+11.0 %★ 5/5

Data from the Investlytic screener. The rating of the stock being viewed is reserved for members.

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Detailed analysis · Price trend

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Global model trend and annual price variations · visible with a free account.

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Revenues & profits

Revenue and net income

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Chart of revenues and net income over 8 periods · real data, no estimates.

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Financial indicators

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18 financial indicators analyzed by groups of criteria: valuation, profitability, growth, solidity, dividend, and momentum.

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Annual financial statements

Fiscal yearRevenueNet income Net marginEPSRevenue growth
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Complete annual financial statements: revenue, net income, margin, and EPS over 8 fiscal years.

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Key reported figures

Revenue, net income and net margin reported by PPG Industries, Inc. over the latest fiscal years.

Revenue
15.9 bn USD
fiscal year 2025
Net income
1.6 bn USD
fiscal year 2025
Net margin
9.9 %
fiscal year 2025
Average annual growth
+2.8 %
Revenue growth over 5 years
Average annual growth
+1.1 %
Revenue growth over 10 years
Market cap
27.0 bn USD
Fiscal yearRevenueNet incomeNet marginRevenue growth
202013.8 bn1.1 bn7.7 %n/a
202116.8 bn1.4 bn8.6 %+21.5 %
202215.6 bn1.0 bn6.6 %-7.1 %
202316.2 bn1.3 bn7.8 %+4.0 %
202415.8 bn1.1 bn7.0 %-2.4 %
202515.9 bn1.6 bn9.9 %+0.2 %

Amounts converted to USD. Source: published annual accounts, collected on 06/11/2026.

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Accounts and financial health

Balance sheet and cash flow published by PPG Industries, Inc. over the last fiscal years, strength scores and valuation by discounted cash flow (DCF).

Overview
solid accounts
according to Altman Z, Piotroski and net debt
Altman Z-score
3.87
safe zone (above 2.99)
Piotroski Score
7 / 9
7 to 9: solid accounts
DCF Value
139.07 USD
DCF close to share price · share price 122.83 USD, gap +13.2 %
Net Debt / EBITDA
2.06 x
moderate debt
Fiscal year20212022202320242025
Cash and investments1.1 bn1.2 bn1.6 bn1.4 bn2.2 bn
Total Debt7.5 bn7.6 bn6.6 bn6.4 bn7.9 bn
Net Debt6.5 bn6.5 bn5.1 bn5.1 bn5.7 bn
Equity6.3 bn6.6 bn7.8 bn6.8 bn7.9 bn
Total assets21.4 bn20.7 bn21.6 bn19.4 bn22.1 bn
Operating cash flow1.6 bn963 m2.4 bn1.4 bn1.9 bn
Investments (capex)371 m486 m516 m721 m778 m
Free cash-flow1.2 bn477 m1.9 bn699 m1.2 bn
Share buybacks210 m190 m86.0 m752 m790 m
Dividends paid536 m570 m598 m622 m628 m

Amounts in USD, currency of the published accounts.

Trailing 12-month ratios

Price / earnings (P/E)17.38 x
Price / book value3.20 x
Return on Equity (ROE)19.1 %
Return on Invested Capital (ROIC)9.5 %
Net margin9.4 %
Debt / equity0.88 x
Current ratio1.58 x
Interest coverage8.79 x
Free cash-flow yield4.7 %

Altman Z: default risk estimated from the balance sheet and earnings. Piotroski: 9 tests on profitability, debt and efficiency. DCF: estimated value from discounted future cash flows, a model and not a forecast. Source: annual accounts published by the company, data as of 09/11/2026.

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Valuation and competitors

PPG Industries, Inc. compared with its sector on the same exchange and with its main competitors.

Company P/E
15.9
25.7 % below the sector
Sector median P/E
21.4
basic materials, NYSE
Sector over 10 years
24.7
10-year median, range 15.8 to 46.3

Direct competitors

CompanyMarket cap (USD)P/ENet margin
PPG Industries, Inc.26.6 bn15.59.9 %
The Sherwin-Williams Company SHW80.4 bn28.810.9 %
Axalta Coating Systems Ltd. AXTA7.3 bn13.87.4 %
RPM International Inc. RPM13.1 bn18.29.3 %
H.B. Fuller Company FUL2.7 bn11.04.4 %
Nippon Paint Holdings Co., Ltd. NPCPF18.4 bn14.210.1 %
Asian Paints Limited ASIANPAINT.NS23.4 bn46.710.8 %
Sector median (NYSE)21.4

Trailing 12-month P/E. Sector: median of companies in the same sector listed on the same exchange, collected on . Competitors: comparable companies named by the data provider.

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Analyst consensus and forecasts

What the financial analysts covering PPG Industries, Inc. publish: ratings, price targets and earnings forecasts.

Majority rating
buy
38 analysts
Average price target
130.63 USD
from 116.00 USD to 138.00 USD, 21 targets over 12 months
Gap with the share price
+9.3 %
price 119.52 USD on 30/10/2026

Breakdown of ratings

strong buy 0buy 22hold 14sell 2strong sell 0

Analysts' average target 130.63 USD, DCF value 139.07 USD, share price 119.52 USD.

Average target over the last 3 months: 130.78 USD (9 targets).

Analyst forecasts

Fiscal yearRevenueNet incomeExpected EPS (range)P/E on this EPSAnalysts
202616.8 bn1.8 bn8.00 (7.91 / 8.05)14.912
202717.3 bn2.0 bn8.63 (8.40 / 9.01)13.812
202817.8 bn2.1 bn9.42 (9.18 / 9.52)12.74

Amounts in USD, the reporting currency.

Track record against expectations: reported EPS above consensus 6 times over the last 12 releases.

Rating changes (12 months)

DateFirmBeforeAfter
29/10/2026KeybancOverweightOverweight
29/10/2026CitigroupNeutralNeutral
29/10/2026RBC CapitalSector PerformSector Perform
29/10/2026Wells FargoOverweightOverweight
29/10/2026BarclaysOverweightOverweight

Source: ratings and forecasts published by analysts, collected on 07/11/2026. An analyst rating or target is not a guarantee.

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Dividends and earnings

PPG Industries, Inc.: dividend history, last distributions, stock splits and earnings releases.

Frequency
quarterly
Last dividend
0.740 USD
ex-dividend on 10/11/2026
Last 12 months
2.87 USD
number of payments: 4
Yield
2.7 %
on the last known price
Years of increases
43
consecutive
Years of payments
43
uninterrupted

● Next ex-dividend date: 10/11/2026, 0.740 USD per share.

00.721.452.172.902007 : 1.02 USD2008 : 1.04 USD20082009 : 1.06 USD2010 : 1.09 USD20102011 : 1.13 USD2012 : 1.17 USD20122013 : 1.21 USD2014 : 1.31 USD20142015 : 1.42 USD2016 : 1.56 USD20162017 : 1.70 USD2018 : 1.86 USD20182019 : 1.98 USD2020 : 2.10 USD20202021 : 2.26 USD2022 : 2.42 USD20222023 : 2.54 USD2024 : 2.66 USD20242025 : 2.78 USD2026 : 2.90 USD2026

Annual dividend per share (USD), adjusted for splits. Light bar: current year, incomplete. Red bar: lower than the previous year.

Latest ex-dividend dates

Ex-dividendAmountPayment
10/11/20260.740 USD11/12/2026
10/08/20260.740 USD11/09/2026
11/05/20260.710 USD12/06/2026
20/02/20260.710 USD12/03/2026
10/11/20250.710 USD12/12/2025
11/08/20250.710 USD12/09/2025
12/05/20250.680 USD12/06/2025
21/02/20250.680 USD12/03/2025

Earnings releases

DatePublished EPSExpected EPSSurprise
27/10/20262.252.12+6.1 %
28/07/20262.232.25-0.9 %
28/04/20261.831.78+2.8 %
27/01/20261.511.58-4.4 %
28/10/20252.132.10+1.4 %
29/07/20252.222.23-0.4 %

Stock splits

DateOperation
15/06/2015split: 2 shares for 1
13/06/1994split: 2 shares for 1
13/03/1987split: 2 shares for 1
13/09/1983split: 2 shares for 1
25/07/1977split: 3 shares for 2

Factual data: ex-dividend history and earnings calendar, as of 05/11/2026. A past dividend does not guarantee the next one.

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Who owns the stock

Free float, institutional investors, large funds, executives and elected officials: declared positions in PPG Industries, Inc.

Free float
99.9 %
share of freely traded shares
Large funds tracked
23
hold the stock as of 2026Q2
Executives (insiders)
2 / 1
2 purchases, 1 sales in 130 days
US elected officials
6
5 purchases, 1 sales in 12 months

Indices: S&P 500 (since 04/03/1957).

Large funds tracked

FundSharesValue (USD)Weight in the fundChangeQuarter
State Street27.7 m3.4 bn0.1 %+117.6 %2026Q2
Vanguard Group29.3 m3.0 bn0.0 %+0.1 %2025Q4
BlackRock23.6 m2.9 bn0.0 %-2.0 %2026Q2
Wellington Management8.6 m1.0 bn0.2 %-17.0 %2026Q2
Geode Capital Management6.1 m735 m0.0 %+0.6 %2026Q2
JPMorgan Chase4.5 m540 m0.0 %-3.5 %2026Q2
Invesco3.6 m435 m0.0 %-6.5 %2026Q2
Morgan Stanley3.0 m365 m0.0 %-22.8 %2026Q2

Latest insider transactions

DatePersonSideAmount
04/11/2026Hagerty Chancey E.sale317,862 USD
11/09/2026Hefel Juliane M.purchase358 USD
11/09/2026Hefel Juliane M.purchase1,051 USD

Elected officials' disclosures

DateOfficialSideAmount
25/09/2026Ro Khannapurchase$1,001 - $15,000
11/09/2026Ro Khannasale$1,001 - $15,000
11/09/2026Lloyd Doggettpurchase$1,001 - $15,000
12/06/2026Lloyd Doggettpurchase$1,001 - $15,000
12/03/2026Lloyd Doggettpurchase$1,001 - $15,000

Sources: 13F filings (quarter shown), executives' Form 4 filings and US Congress members' disclosures, collected on 08/11/2026. Detailed disclosure obligations mainly apply to companies listed in the United States.

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PEA and practical information

PEA eligibility
no
head office outside the EU and EEA
Listing exchange
NYSE
IPO: 17/03/1980
ISIN code
US6935061076
Workforce
46,000
full-time employees
Chief executive
Timothy M. Knavish
Next earnings
26/01/2027

Rule applied: the French PEA accepts shares of companies headquartered in the European Union or the European Economic Area and subject to corporate income tax; ADRs and tax-exempt property companies (SIIC) are excluded. The institution holding the PEA confirms eligibility.

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Frequently asked questions about PPG Industries, Inc.

What is the PPG Industries, Inc. share price?

Latest recorded price: 122.38 USD on 06/11/2026, for a market cap of 27.0 bn USD.

What is the revenue of PPG Industries, Inc.?

15.9 bn USD for fiscal year 2025, with net income of 1.6 bn USD (net margin 9.9 %).

Does PPG Industries, Inc. pay a dividend?

Yes. Latest dividend: 0.740 USD per share, ex-dividend on 10/11/2026. Over 12 months: 2.87 USD. Yield on the latest known price: 2.7 %.

When does PPG Industries, Inc. report its next earnings?

The next release is expected on 26/01/2027. EPS expected by analysts: 1.69.

What do analysts say about PPG Industries, Inc.?

Out of 38 analysts: 22 buy or strong buy, 14 hold, 2 sell or strong sell. Average price target: 130.63 USD, i.e. +9.3 % from the share price.

What is the P/E ratio of PPG Industries, Inc.?

Trailing 12-month P/E of 15.9, against 21.4 for the sector median on the same exchange (10-year median: 24.7).

Is PPG Industries, Inc. stock eligible for the French PEA?

No: the company is headquartered outside the European Union and the European Economic Area (ISIN US6935061076).

How many employees does PPG Industries, Inc. have?

46,000 full-time employees according to the latest published profile.

Who runs PPG Industries, Inc.?

Timothy M. Knavish is the company's chief executive.

Which large funds own PPG Industries, Inc.?

As of 2026Q2, among the large funds tracked: State Street, Vanguard Group, BlackRock, Wellington Management, Geode Capital Management.

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