Question 1

What is PPG Industries's P/S ratio?

Accepted Answer

PPG Industries (PPG) P/S ratio is 1.6× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. 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/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

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

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For PPG Industries specifically, the relevant sector benchmark is the current sector median of 2.2×.

Question 5

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

Accepted Answer

PPG Industries's P/S ratio of 1.6× is below its own 5-year average of 1.8× and below the sector median of 2.2×. That places the current reading at the 13th 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/S ratio range?

Accepted Answer

In the available daily series, PPG Industries (PPG) P/S ratio has ranged from a low of 0.4× in 2009 to a high of 3.0× in 2021. The 5-year average is 1.8× and the 5-year median is 1.8×.

Question 7

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

Accepted Answer

PPG Industries (PPG) P/S ratio at the end of 2025 was 1.4×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	$22.99B	$15.88B	1.4×	-0.4×	Dec 31, 2025
2024	$27.87B	$15.29B	1.8×	-0.1×	Dec 31, 2024
2023	$35.32B	$18.25B	1.9×	+0.3×	Dec 31, 2023
2022	$29.61B	$17.65B	1.7×	-0.8×	Dec 31, 2022
2021	$40.94B	$16.80B	2.4×	-0.0×	Dec 31, 2021
2020	$34.21B	$13.83B	2.5×	+0.4×	Dec 31, 2020
2019	$31.64B	$15.15B	2.1×	+0.5×	Dec 31, 2019
2018	$24.38B	$15.37B	1.6×	-0.4×	Dec 31, 2018
2017	$29.40B	$14.75B	2.0×	+0.3×	Dec 31, 2017
2016	$24.83B	$14.27B	1.7×	-0.0×	Dec 31, 2016
2015	$26.60B	$15.18B	1.8×	-0.3×	Dec 31, 2015
2014	$31.74B	$15.36B	2.1×	+0.2×	Dec 31, 2014
2013	$26.70B	$14.47B	1.8×	+0.3×	Dec 31, 2013
2012	$20.86B	$13.92B	1.5×	+0.6×	Dec 31, 2012
2011	$12.76B	$14.88B	0.9×	-0.1×	Dec 31, 2011
2010	$13.49B	$13.42B	1.0×	+0.2×	Dec 31, 2010
2009	$9.71B	$12.24B	0.8×	+0.4×	Dec 31, 2009
2008	$6.96B	$15.85B	0.4×	-0.5×	Dec 31, 2008
2007	$11.51B	$11.73B	1.0×	+0.0×	Dec 31, 2007
2006	$10.56B	$11.04B	1.0×	+0.0×	Dec 31, 2006
2005	$9.60B	$10.20B	0.9×	-0.3×	Dec 31, 2005
2004	$11.65B	$9.51B	1.2×	-0.0×	Dec 31, 2004
2003	$10.85B	$8.76B	1.2×	+0.2×	Dec 31, 2003
2002	$8.48B	$8.07B	1.1×	-0.0×	Dec 31, 2002
2001	$8.75B	$8.17B	1.1×	—	Dec 31, 2001


Air Products and Chemicals (APD)	5.2×
Newmont (NEM)	4.8×
Ecolab (ECL)	4.6×
Vulcan Materials (VMC)	4.5×
Albemarle (ALB)	3.9×
Sherwin-Williams (SHW)	3.3×
Freeport-McMoRan (FCX)	3.2×
Corteva (CTVA)	3.1×
Solstice Advanced Materials (SOLS)	3.0×
CF Industries Holdings (CF)	2.7×
Weyerhaeuser (WY)	2.5×
DuPont de Nemours (DD)	1.9×
RPM International (RPM)	1.9×
International Flavors & Fragrances (IFF)	1.7×
Ashland (ASH)	1.4×
Steel Dynamics (STLD)	1.4×
CRH (CRH)	1.3×
Nucor (NUE)	1.2×
H.B. Fuller (FUL)	1.0×
Avient (AVNT)	1.0×
Eastman Chemical (EMN)	1.0×
LyondellBasell (LYB)	0.9×
Dow (DOW)	0.8×
Mosaic (MOS)	0.7×
Stepan (SCL)	0.5×

P/S Ratio for PPG Industries (PPG)

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

Historical P/S Ratio for PPG Industries (PPG) from 2001 to 2025

About P/S Ratio at PPG Industries (PPG)

PPG Industries P/S Ratio by Year

PPG Industries P/S Ratio 2025: 1.4×

PPG Industries P/S Ratio 2024: 1.8×

PPG Industries P/S Ratio 2023: 1.9×

PPG Industries P/S Ratio 2022: 1.7×

PPG Industries P/S Ratio 2021: 2.4×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

PPG Industries (PPG) Key Financials

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

Historical P/S Ratio for PPG Industries (PPG) from 2001 to 2025

About P/S Ratio at PPG Industries (PPG)

PPG Industries P/S Ratio by Year

PPG Industries P/S Ratio 2025: 1.4×

PPG Industries P/S Ratio 2024: 1.8×

PPG Industries P/S Ratio 2023: 1.9×

PPG Industries P/S Ratio 2022: 1.7×

PPG Industries P/S Ratio 2021: 2.4×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

+What is PPG Industries's P/S ratio?

+How is the P/S ratio calculated?

+What is the P/S ratio?

+What is a good P/S ratio for PPG Industries?

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

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

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

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

PPG Industries (PPG) Key Financials