Question 1

What is PPG Industries's P/E ratio?

Accepted Answer

PPG Industries (PPG) P/E ratio is 16.6× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for PPG Industries?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For PPG Industries specifically, the relevant sector benchmark is the current sector median of 21.4×.

Question 5

Is PPG Industries's P/E ratio high or low?

Accepted Answer

PPG Industries's P/E ratio of 16.6× is below its own 5-year average of 23.9× and below the sector median of 21.4×. That places the current reading at the 6th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is PPG Industries's historical P/E ratio range?

Accepted Answer

In the available daily series, PPG Industries (PPG) P/E ratio has ranged from a low of 5.9× in 2013 to a high of 36.3× in 2009. The 5-year average is 23.9× and the 5-year median is 24.5×.

Question 7

What was PPG Industries's P/E ratio in 2025?

Accepted Answer

PPG Industries (PPG) P/E ratio at the end of 2025 was 14.6×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does PPG Industries's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$23B	$1.58B	14.6×	-10.4×	Dec 31, 2025
2024	$27.9B	$1.12B	25.0×	-2.8×	Dec 31, 2024
2023	$35.3B	$1.27B	27.8×	-1.0×	Dec 31, 2023
2022	$29.6B	$1.03B	28.9×	+0.4×	Dec 31, 2022
2021	$40.9B	$1.44B	28.4×	-3.9×	Dec 31, 2021
2020	$34.2B	$1.06B	32.3×	+6.9×	Dec 31, 2020
2019	$31.6B	$1.24B	25.5×	+7.3×	Dec 31, 2019
2018	$24.4B	$1.34B	18.2×	-0.3×	Dec 31, 2018
2017	$29.4B	$1.59B	18.4×	-10.0×	Dec 31, 2017
2016	$24.8B	$873M	28.4×	+9.5×	Dec 31, 2016
2015	$26.6B	$1.41B	18.9×	+3.8×	Dec 31, 2015
2014	$31.7B	$2.1B	15.1×	+6.8×	Dec 31, 2014
2013	$26.7B	$3.23B	8.3×	-13.9×	Dec 31, 2013
2012	$20.9B	$941M	22.2×	+10.5×	Dec 31, 2012
2011	$12.8B	$1.1B	11.7×	-5.9×	Dec 31, 2011
2010	$13.5B	$769M	17.5×	-11.4×	Dec 31, 2010
2009	$9.71B	$336M	28.9×	+16.0×	Dec 31, 2009
2008	$6.96B	$538M	12.9×	-0.9×	Dec 31, 2008
2007	$11.5B	$832M	13.8×	-1.0×	Dec 31, 2007
2006	$10.6B	$711M	14.8×	-1.3×	Dec 31, 2006
2005	$9.6B	$596M	16.1×	-1.0×	Dec 31, 2005
2004	$11.7B	$683M	17.1×	-4.9×	Dec 31, 2004
2003	$10.8B	$494M	22.0×	—	Dec 31, 2003
2002	$8.48B	-$69M	—	—	Dec 31, 2002


Solstice Advanced Materials (SOLS)	113.0×
Corteva (CTVA)	48.4×
Ecolab (ECL)	35.6×
Linde (LIN)	32.3×
Vulcan Materials (VMC)	32.1×
Freeport-McMoRan (FCX)	31.1×
Builders FirstSource (BLDR)	31.0×
Air Products and Chemicals (APD)	30.7×
Sherwin-Williams (SHW)	30.3×
Eastman Chemical (EMN)	21.8×
International Flavors & Fragrances (IFF)	21.8×
Avient (AVNT)	21.1×
Steel Dynamics (STLD)	20.6×
Agnico Eagle Mines (AEM)	19.0×
H.B. Fuller (FUL)	18.8×
Nucor (NUE)	16.9×
Martin Marietta Materials (MLM)	14.0×
CRH (CRH)	13.9×
Newmont (NEM)	13.9×
CF Industries Holdings (CF)	11.4×
Mosaic (MOS)	11.1×

P/E Ratio for PPG Industries (PPG) 2003-2026

P/E Ratio daily chart for PPG Industries (PPG)

Historical P/E Ratio for PPG Industries (PPG) from 2002 to 2025

About P/E Ratio at PPG Industries (PPG)

PPG Industries P/E Ratio by Year

PPG Industries P/E Ratio 2025: 14.6×

PPG Industries P/E Ratio 2024: 25.0×

PPG Industries P/E Ratio 2023: 27.8×

PPG Industries P/E Ratio 2022: 28.9×

PPG Industries P/E Ratio 2021: 28.4×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

PPG Industries (PPG) Key Financials