PPG Industries (PPG) Stock Analysis

November 11, 2026

This is a peer-relative look at PPG Industries (PPG): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Materials peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for PPG Industries (PPG)
Profile Item	PPG
Name	PPG Industries, Inc.
Country/Region	United States
GICS Sector	Materials
GICS Industry Group	Materials
GICS Industry	Chemicals
GICS Sub-Industry	Specialty Chemicals
Market Capitalization	27.03 billion USD
Currency	USD
Exchange	NYSE
Listing Date	March 17, 1980
Security Type	Common Stock

Price Performance

Cumulative Growth

PPG

GSPC

PPG Industries (PPG) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for PPG Industries (PPG) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for PPG Industries (PPG) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

PPG Industries (PPG) metric values compared with Materials industry-group medians
Metric	Current stock: PPG	Industry group median
Total Return (1Y)	33.84%	19.59%
Total Return (3Y, Annualized)	1.70%	18.91%
Total Return (5Y, Annualized)	-2.93%	5.70%

Risk Profile

Drawdown History

PPG

GSPC

PPG Industries (PPG) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for PPG Industries (PPG) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

PPG Industries (PPG) metric values compared with Materials industry-group medians
Metric	Current stock: PPG	Industry group median
Volatility (1Y, Annualized)	31.28%	52.82%
Beta (5Y)	0.97	0.97
Max Drawdown (5Y)	-43.55%	-58.44%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. PPG is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

PPG Industries (PPG) metric values compared with Materials industry-group medians
Metric	Current stock: PPG	Industry group median
Sharpe Ratio (1Y)	0.95	0.32
Sortino Ratio (1Y)	1.45	0.47

Profitability

ROE (TTM)

PPG Industries (PPG) posts ROE of 19.49%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

PPG

Materials industry group

19.49%

Group distribution

Max: 52.88%
PPG: 19.49%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

Largest peers

SCCO: 52.88%
NEM: 27.26%
BHP: 24.00%
AEM: 23.24%
PPG: 19.49%
RIO: 19.31%
LIN: 17.72%

Where PPG Industries (PPG) stands on ROE within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

PPG Industries (PPG) keeps 9.41% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

PPG

Materials industry group

9.41%

Group distribution

Max: 38.66%
Q3: 15.98%
PPG: 9.41%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

Largest peers

AEM: 41.01%
SCCO: 37.16%
NEM: 34.73%
RIO: 19.59%
LIN: 19.34%
BHP: 16.73%
PPG: 9.41%

Where PPG Industries (PPG) stands on net margin within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

PPG Industries (PPG) turns 14.66% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

PPG

Materials industry group

14.66%

Group distribution

Max: 66.70%
Q3: 28.92%
PPG: 14.66%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

Largest peers

SCCO: 59.94%
AEM: 55.49%
NEM: 49.99%
BHP: 43.34%
RIO: 28.05%
LIN: 27.97%
PPG: 14.66%

Where PPG Industries (PPG) stands on operating margin within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

PPG Industries (PPG) metric values compared with Materials industry-group medians
Metric	Current stock: PPG	Industry group median
ROE (TTM)	19.49%	8.76%
ROA (TTM)	6.22%	4.42%
Net Margin (TTM)	9.41%	5.28%
Operating Margin (TTM)	14.66%	12.56%
Gross Margin (TTM)	41.18%	27.57%

Growth

Revenue Growth

PPG Industries (PPG) grew revenue 0.19%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

PPG Industries (PPG): Revenue Growth across different time periods, set against Materials industry-group medians.

EPS Growth

PPG Industries (PPG) grew earnings per share 46.11%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

PPG Industries (PPG): EPS Growth across different time periods, set against Materials industry-group medians.

Growth Metrics

PPG Industries (PPG) metric values compared with Materials industry-group medians
Metric	Current stock: PPG	Industry group median
Revenue Growth (YoY)	0.19%	8.36%
Revenue Growth (3Y CAGR)	0.55%	0.59%
EPS Growth (YoY)	46.11%	-1.73%
EPS Growth (3Y CAGR)	17.12%	2.12%

Financial Strength

Current Ratio (MRQ)

PPG Industries (PPG) has current ratio of 1.58, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

PPG

Materials industry group

1.58

Group distribution

Max: 5.96
Q3: 3.30
Median: 2.24
PPG: 1.58
Q1: 1.45
Min: 0.16

Largest peers

SCCO: 4.31
AEM: 2.75
NEM: 2.45
BHP: 1.89
PPG: 1.58
RIO: 1.42
LIN: 0.86

Where PPG Industries (PPG) stands on current ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

PPG Industries (PPG) has debt-to-equity ratio of 0.87, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

PPG

Materials industry group

0.87

Group distribution

Max: 1.98
Q3: 0.89
PPG: 0.87
Median: 0.47
Q1: 0.13
Min: 0.00

Largest peers

PPG: 0.87
LIN: 0.65
SCCO: 0.63
BHP: 0.50
RIO: 0.32
NEM: 0.16
AEM: 0.01

Where PPG Industries (PPG) stands on debt-to-equity ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

PPG Industries (PPG) metric values compared with Materials industry-group medians
Metric	Current stock: PPG	Industry group median
Current Ratio (MRQ)	1.58	2.24
Debt / Equity (MRQ)	0.87	0.47
Net Debt / EBITDA	2.11	1.37

Dividends

Dividend Yield (TTM)

PPG Industries (PPG) has dividend yield of 2.33%, in the upper peer-yield quartile while still inside the industry range. The dividend offers more cash income per dollar of share price than most peers, though payout coverage still matters.

PPG

Materials industry group

2.33%

Group distribution

Max: 4.52%
PPG: 2.33%
Q3: 1.85%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

Largest peers

RIO: 5.59%
PPG: 2.33%
SCCO: 2.30%
BHP: 2.19%
LIN: 1.21%
AEM: 0.93%
NEM: 0.87%

Where PPG Industries (PPG) stands on dividend yield within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

PPG Industries (PPG) has payout ratio of 40.31%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

PPG

Materials industry group

40.31%

Group distribution

Max: 83.62%
Q3: 41.37%
PPG: 40.31%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

Largest peers

BHP: 68.84%
RIO: 54.46%
SCCO: 52.43%
LIN: 41.83%
PPG: 40.31%
AEM: 14.26%
NEM: 11.95%

Where PPG Industries (PPG) stands on payout ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

PPG Industries (PPG) metric values compared with Materials industry-group medians
Metric	Current stock: PPG	Industry group median
Dividend Yield (TTM)	2.33%	0.38%
Dividend Payout Ratio (TTM)	40.31%	9.54%

Valuation

P/E Ratio (TTM)

PPG Industries (PPG) trades at P/E ratio of 17.19, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

PPG

Materials industry group

17.19

Group distribution

Max: 59.00
Q3: 32.93
Median: 18.82
PPG: 17.19
Q1: 11.96
Min: 3.93

Largest peers

LIN: 34.21
SCCO: 22.27
BHP: 20.70
PPG: 17.19
AEM: 15.61
NEM: 14.03
RIO: 11.35

Where PPG Industries (PPG) stands on P/E ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

PPG Industries (PPG) trades at 1.62 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.

PPG

Materials industry group

1.62

Group distribution

Max: 9.62
Q3: 4.34
Median: 1.87
PPG: 1.62
Q1: 0.73
Min: 0.00

Largest peers

SCCO: 8.34
LIN: 6.53
AEM: 6.44
NEM: 4.72
BHP: 3.46
RIO: 2.20
PPG: 1.62

Where PPG Industries (PPG) stands on P/S ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

PPG Industries (PPG) trades at 3.19 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

PPG

Materials industry group

3.19

Group distribution

Max: 6.59
Q3: 3.55
PPG: 3.19
Median: 2.08
Q1: 1.26
Min: -0.17

Largest peers

SCCO: 10.89
LIN: 6.00
BHP: 3.98
NEM: 3.53
AEM: 3.27
PPG: 3.19
RIO: 2.08

Where PPG Industries (PPG) stands on P/B ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

PPG Industries (PPG) metric values compared with Materials industry-group medians
Metric	Current stock: PPG	Industry group median
P/E Ratio (TTM)	17.19	18.82
P/S Ratio (TTM)	1.62	1.87
P/B Ratio (MRQ)	3.19	2.08
Free Cash Flow Yield (TTM)	4.06%	3.08%