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PPG Industries logo
PPG Industries PPG
$ 124.42 -0.7%
report update icon

Quarterly report 2026-Q3
added 10-28-2026

PPG Industries Financial Ratios 2025-2006 | PPG

Brief overview of PPG Industries's financial ratios

Ratios are assessed across five available annual reports in the 2021–2025 interval.

The valuation comparison uses P/E 17.81x (median 24.66x), EV/EBITDA 16.58x (median 13.39x), P/S 1.77x (median 1.87x). Valuation is roughly 17.1% below five-year reference levels. The discount may reflect opportunity or higher perceived risk.

Current earnings relative to valuation equal about 5.6% on the 1/P/E measure. This is a valuation reference, not an expected payout.

Returns on assets and capital are represented by ROE 19.8%, ROA 7.1%, ROCE 36.3%. Profitability forms a strong profile, with capital and assets producing substantial returns.

On PEG (9.17x), valuation is stretched relative to growth and requires strong execution.

The cash conversion cycle lengthened from 44.6 days to 62.3 days, or 17.7 days. More cash is tied up in operations.

Valuation takeaway

PPG Industries's fundamental efficiency looks stronger than its current valuation relative to history. Future reports should confirm the conclusion.

Annual Financial Ratios PPG Industries

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006

P/E

 17.8 24.7 26.4 30.1 21.9 29.6 19.2 19.1 19.1 30.9 18.4 14.7 8.2 22.9 12.9 6.7 11.3 9.6 7.5 -

P/S

 1.8 1.7 2.1 2.0 1.9 2.3 1.6 1.7 2.1 1.8 1.7 2.0 1.8 1.4 0.9 0.4 0.3 - - -

EPS

 7.0 4.8 5.4 4.3 6.1 4.5 5.2 5.5 6.2 3.3 5.2 7.6 11.3 6.1 7.0 4.7 2.0 3.3 5.1 -

EV (Enterprise Value)

 39.9 B 38.7 B 45.7 B 43.8 B 45.5 B 43.3 B 34.9 B 36 B 39.7 B 36.1 B 36.5 B 42.5 B 36 B 31.8 B 23.6 B 14.9 B 13.1 B 15.3 B 5.73 B -443 M

EBITDA per Share

 2.33 2.1 13.5 10.8 11.5 11.1 11.7 9.71 9.89 9.7 9.63 8.56 8.13 7.8 6.8 11.9 10.1 3.42 2.46 -

EV/EBITDA

 75.6 78.7 14.3 17.2 16.7 16.5 12.6 12.6 13.0 11.5 11.0 14.4 12.3 10.1 7.6 7.6 7.8 27.2 14.2 -

PEG

 -1.76 -1.83 3.46 13.74 5.69 9.25 2.81 -1.41 0.21 -0.85 -0.58 -0.45 0.03 -1.92 0.26 - - - - -

P/B

 3.5 4.0 4.2 4.6 4.9 5.4 4.4 5.5 5.5 5.6 5.2 6.0 5.4 5.3 4.3 1.3 1.0 1.5 - -

P/CF

 14.5 19.4 13.9 32.1 20.2 14.7 11.5 24.3 25.1 29.4 19.0 32.8 20.8 15.6 13.5 3.9 2.8 3.6 5.9 -

ROE %

 19.85 16.45 16.22 15.56 22.89 18.61 23.52 28.96 28.63 18.17 28.22 40.58 65.51 23.16 33.70 21.14 8.95 16.14 19.34 -

ROA %

 7.13 5.74 5.87 4.95 6.74 5.42 7.02 8.37 9.62 5.56 8.23 11.95 20.37 5.93 7.61 5.14 2.36 3.66 - -

ROCE %

 - - 16.31 12.84 13.19 14.45 17.19 16.08 16.40 18.33 17.05 14.90 15.84 16.88 15.66 13.74 11.30 - - -

Current Ratio

 1.6 1.6 1.6 1.5 1.4 1.4 1.4 1.4 1.7 1.5 1.4 1.4 1.7 1.7 1.8 1.3 1.4 1.3 - -

DSO

 72.7 69.0 70.9 75.4 63.8 72.3 67.5 67.5 71.8 66.6 66.4 66.9 66.1 67.5 69.4 82.3 81.0 - - -

DIO

 75.3 74.6 79.3 81.3 69.3 80.8 73.7 72.3 77.0 70.0 72.4 75.8 77.1 67.9 64.6 - - - - -

DPO

 85.7 90.7 93.8 96.5 88.6 102.2 90.2 99.8 114.8 98.5 92.4 90.6 85.2 73.7 64.8 - - - - -

Operating Cycle

 147.9 143.6 150.2 156.7 133.2 153.2 141.2 139.8 148.8 136.6 138.8 142.7 143.2 135.4 134.0 - - - - -

Cash Conversion Cycle

 62.3 52.9 56.4 60.3 44.6 50.9 51.0 40.1 34.0 38.1 46.5 52.0 58.0 61.7 69.2 - - - - -

All numbers in USD currency

Quarterly Financial Ratios PPG Industries

2026-Q3 2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1 2010-Q4 2010-Q3 2010-Q2 2010-Q1 2009-Q4 2009-Q3 2009-Q2

EPS

 2.13 1.97 1.71 1.3500000000000005 1.97 1.98 1.64 0.019999999999999574 1.91 2.1 1.72 0.17999999999999972 1.8 2.08 2.08 0.9199999999999999 1.4 1.87 0.08 1.1300000000000008 1.45 1.81 1.59 1.15 1.87 0.42 1.03 1.24 1.55 1.14 1.32 1.07 1.52 1.51 1.32 0.59 1.53 1.93 1.29 0.34 -0.79 1.26 1.23 1.1 1.53 1.17 1.13 0.32 1.36 1.41 1 1.68 1.43 2.22 1.31 1.24 1.88 1.94 -0.33 1.41 1.98 2.15 1.42 1.26 1.59 1.64 0.18 0.86 0.96 0.89

EBITDA per Share

 3.52 3.45 2.96 -46.7 3.19 3.42 2.8 -45.7 3.08 3.54 2.98 - 3.12 3.73 3.5 -4.47 K 2.52 2.72 2.12 -3.94 K 2.5 2.88 2.82 3.08 3.02 1.81 2.07 2.31 2.61 2.93 2.31 -257 2.2 2.8 2.22 -563 2.43 2.73 2.3 -379 2.43 2.81 2.14 -620 2.43 2.72 2.08 -602 2.35 2.42 3.69 3.21 4.05 4.07 2.88 0.85 4.12 3.51 3.09 -39.2 3.79 3.95 3.19 -737 3.13 3.25 0.19 0.08 0.19 0.19

ROE %

 18.89 19.22 20.01 20.68 12.97 13.30 14.14 13.85 19.02 18.57 18.10 19.45 21.83 21.85 22.65 16.64 17.60 17.47 17.13 23.22 23.26 26.14 21.41 20.09 20.82 19.52 22.88 24.08 24.12 24.68 26.83 26.72 24.02 26.75 27.57 27.82 32.07 18.32 16.89 17.17 16.37 28.31 27.90 27.49 22.87 20.50 20.19 35.22 38.53 36.64 37.44 64.58 64.94 69.56 72.47 25.42 26.43 26.38 25.15 30.18 29.26 27.63 27.22 22.30 20.57 18.40 15.15 3.62 4.95 5.02

ROA %

 7.11 7.11 7.23 7.28 4.48 4.63 5.03 5.12 6.99 6.85 6.58 6.95 7.66 7.25 7.12 4.98 5.19 5.14 5.01 6.82 6.82 7.69 6.30 5.76 6.02 5.64 6.64 7.09 7.05 7.27 7.95 8.07 7.40 8.61 9.33 9.51 10.75 6.16 5.39 5.32 4.98 8.56 8.32 8.16 6.80 6.51 6.83 12.55 13.68 13.01 13.05 21.35 21.17 21.97 22.12 6.56 6.63 6.65 6.63 8.01 7.87 7.59 7.40 6.12 5.75 4.95 3.86 1.00 1.27 1.16

ROCE %

 16.52 16.71 16.38 - 16.77 17.42 16.81 - 16.19 16.36 21.64 22.39 21.71 20.92 14.49 12.56 11.99 11.85 12.00 13.46 15.30 16.93 16.17 15.49 15.37 14.75 16.67 17.18 17.20 16.77 16.89 16.71 16.60 17.23 17.35 18.23 18.84 19.43 19.80 19.34 18.73 18.49 18.44 18.43 18.24 18.42 18.07 17.66 17.75 16.96 16.36 15.91 13.54 14.71 15.11 16.03 14.93 14.73 14.97 14.89 18.32 17.64 17.48 3.61 4.57 5.07 - - - -

Current Ratio

 1.6 1.6 1.6 1.6 1.6 1.5 1.5 1.6 1.6 1.6 1.6 1.6 1.6 1.5 1.5 1.5 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.5 1.5 1.5 1.5 1.4 1.4 1.5 1.4 1.4 1.4 1.4 1.4 1.4 1.6 1.6 1.6 1.5 1.5 1.5 1.5 1.4 1.4 1.3 1.3 1.3 1.4 1.4 1.4 1.3 1.4 1.4 1.4 1.4 1.3 1.3

DSO

 81.4 77.0 49.1 49.8 85.0 79.6 48.8 50.9 84.8 80.0 47.0 77.7 73.0 71.6 40.3 85.4 75.2 72.7 43.7 41.9 71.8 68.4 39.4 38.3 68.3 82.9 41.6 41.0 75.8 74.0 44.5 44.5 79.5 74.9 44.4 43.3 76.7 74.4 44.2 44.4 75.7 75.0 46.4 44.0 77.8 69.5 42.4 41.9 71.3 69.3 41.3 35.7 76.7 71.0 44.7 48.0 87.0 84.7 48.3 49.4 76.3 84.0 50.3 - - - - - - -

DIO

 78.6 74.5 83.4 82.3 82.9 81.4 84.4 84.6 87.4 86.2 88.2 129.4 78.3 79.8 76.1 142.2 79.1 76.0 78.0 74.9 74.7 71.8 74.6 72.6 76.1 95.5 85.3 77.2 79.6 78.0 82.5 78.1 79.3 75.2 77.2 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

DPO

 - - 44.4 43.6 - - 46.0 44.5 - - 50.5 76.0 - - 40.4 77.1 - - 46.2 46.3 - - 46.2 48.2 - - 50.2 45.3 - - 47.9 45.4 - - 48.5 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Operating Cycle

 160.1 151.5 132.5 132.1 167.9 161.0 133.1 135.5 172.3 166.2 135.3 207.1 151.3 150.7 116.3 227.7 154.3 148.7 121.6 116.8 146.5 140.2 114.0 111.0 144.4 178.4 126.9 118.2 155.4 152.0 127.0 122.6 158.9 150.1 121.7 43.3 76.7 74.4 44.2 44.4 75.7 75.0 46.4 44.0 77.8 69.5 42.4 41.9 71.3 69.3 41.3 35.7 76.7 71.0 44.7 48.0 87.0 84.7 48.3 49.4 76.3 84.0 50.3 - - - - - - -

Cash Conversion Cycle

 160.1 151.5 88.1 88.5 167.9 161.0 87.1 91.0 172.3 166.2 84.8 131.1 151.3 150.7 75.9 150.6 154.3 148.7 75.4 70.5 146.5 140.2 67.8 62.8 144.4 178.4 76.8 72.8 155.4 152.0 79.1 77.2 158.9 150.1 73.1 43.3 76.7 74.4 44.2 44.4 75.7 75.0 46.4 44.0 77.8 69.5 42.4 41.9 71.3 69.3 41.3 35.7 76.7 71.0 44.7 48.0 87.0 84.7 48.3 49.4 76.3 84.0 50.3 - - - - - - -

All numbers in USD currency

Multiples are an important financial analysis tool for the company PPG Industries, allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.

Advantages of Using Financial Ratios
  • Simplified Data Analysis
    Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition.
  • Comparability Between Companies
    Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations.
  • Identification of Trends and Issues
    Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks.
  • Decision Support
    Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions.
  • Accelerated Assessment of Investment Attractiveness
    Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.

Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.

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