Is PPG a good stock to buy right now?

Based on our 6-factor quantitative model, PPG INDUSTRIES INC (PPG) receives a "Reduce" rating with a composite score of 49.2/100. It is ranked #2,395 out of 4,446 stocks. Key factor scores: Quality 50/100, Value 67/100, Momentum 44/100. The timing signal is "Bearish". This is quantitative analysis only — not investment advice.

What is the stock rating for PPG?

PPG INDUSTRIES INC (PPG) has a "Reduce" rating and 2-star score. The composite score of 49.2 ranks it #2,395 among 4,446 U.S. stocks. Ratings are updated weekly using academically-proven factor models.

What sector is PPG in?

PPG INDUSTRIES INC operates in the Materials sector (Chemicals industry) with a market cap of $23.83 billion. It is classified as a large-cap stock.

Does PPG pay a dividend?

Yes, PPG pays a dividend with a current yield of 2.62%. The Materials sector average yield is 0.49%. For every $1,000 invested, you would receive approximately $26.20 in annual dividend income.

What is PPG's P/E ratio?

PPG has a trailing P/E ratio of 13.02x. The Materials sector average is 26.5x. This below-average P/E may indicate the stock is undervalued.

How profitable is PPG?

PPG's quality factor score is 50/100. Gross margin: 41.6%. ROE: 21.7% vs sector average 3.3%. Margins are moderate to low, reflecting competitive market dynamics.

How is PPG valued compared to peers?

PPG's value factor score is 67/100 (higher = cheaper). Key multiples: P/E 13.0x, EV/EBITDA 9.2x. The stock appears attractively valued versus peers.

What is PPG's debt level?

PPG's debt-to-equity ratio is 90%. Sector average: 41%. Moderate leverage is normal for established companies.

PPG has a beta of 1.02, meaning it tracks the market. Stability score: 70/100.

Does PPG have high short interest?

PPG's short interest factor score is 25/100 (higher = less short selling). Elevated short interest may indicate bearish sentiment or short squeeze potential.

PPG Stock Analysis: Reduce (Score 49.2/100) | Blank Capital Research

Data Series	1D	5D	1M	YTD	1Y	3Y	5Y	10Y
PPG	+0.57%	+6.87%	+4.23%	+7.68%	+11.98%	-	-	-
Industry Proxy XLB	+0.56%	+3.07%	+4.17%	+14.58%	-33.54%	-	-	-
U.S. Market SPY	-0.07%	+3.60%	+0.34%	-0.36%	+29.52%	-	-	-
Alpha vs Market	+0.64%	+3.26%	+3.90%	+8.04%	-17.55%	-	-	-
Alpha vs Sector	+0.01%	+3.79%	+0.06%	-6.89%	+45.51%	-	-	-

Metric	PPG	Benchmark
P/E Ratio	13.0x	-51%
EV/EBITDA	9.2x	+53%
Price / Book	2.8x

Stock Entity	Score▼	Quality	Value	Momentum	P/E Ratio	ROE	Gross Margin	Net Margin	Rev Growth	D/E Ratio	Market Cap	Compare
CF CF Industries Holdings, Inc.	57	50	72	66	11.8x	21.1%	36.2%	24.9%	5.5%	41.0x	$19.7B	VS
NTR Nutrien Ltd.	57	37	70	64	54.2x	11.5%	29.0%	2.7%	-	52.0x	$35.9B	VS
UAN CVR PARTNERS, LP	56	50	71	67	12.0x	42.4%	28.5%	17.8%	23.1%	265.0x	$1.3B	VS
LXU LSB INDUSTRIES, INC.	54	50	54	73	41.2x	-3.3%	8.6%	-4.5%	11.0%	85.0x	$1.1B	VS
AA Alcoa Corp	54	50	61	71	18.7x	16.6%	10.0%	8.0%	3.1%	40.0x	$19.0B	VS
MEOH METHANEX CORP	53	34	76	72	24.6x	47.8%	19.1%	6.7%	-	149.0x	$4.6B	VS
NGVT Ingevity Corp	53	50	68	66	53.4x	-638.7%	38.1%	-12.1%	-14.7%	5,459.0x	$2.5B	VS
SEE SEALED AIR CORP/DE	52	50	67	59	11.2x	44.7%	30.2%	10.4%	0.5%	318.0x	$6.2B	VS
ACU ACME UNITED CORP	51	50	71	51	16.4x	9.0%	39.4%	5.2%	-11.5%	45.0x	$171M	VS
APD Air Products & Chemicals, Inc.	51	50	49	50	179.2x	2.4%	31.6%	2.2%	3.9%	114.0x	$64.4B	VS
PPG PPG INDUSTRIES INC	49	50	67	44	13.0x	21.7%	41.6%	10.6%	-14.9%	90.0x	$23.8B

Key Ratio	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Gross Margin %	0.4%	0.4%	0.4%	0.4%	0.4%	0.4%	0.4%	0.4%	0.4%	0.4%	0.5%
Operating Margin %	0.2%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%
EBITDA Margin %	0.2%	0.2%	0.1%	0.2%	0.1%	0.2%	0.1%	0.2%	0.1%	0.2%	0.1%
Net Margin %	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.2%	0.2%	0.1%	0.1%	0.1%
FCF Margin %	0.6%	-	-	-	-	-	13.2%	11.0%	6.9%	8.2%	6.5%
ROE %	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%	0.5%	0.3%	0.3%	0.2%
ROA %	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%
ROIC %	0.1%	10.5%	11.5%	15.0%	11.9%	13.2%	12.4%	15.3%	16.2%	20.0%	9.3%

Key Ratio

TTM

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

Gross Margin %

0.4%

0.5%

Operating Margin %

0.2%

0.1%

EBITDA Margin %

0.2%

0.1%

0.2%

0.1%

0.2%

0.1%

0.2%

0.1%

0.2%

0.1%

Net Margin %

0.1%

0.2%

0.1%

FCF Margin %

0.6%

13.2%

11.0%

6.9%

8.2%

6.5%

ROE %

0.2%

0.5%

0.3%

0.2%

ROA %

0.1%

ROIC %

0.1%

10.5%

11.5%

15.0%

11.9%

13.2%

12.4%

15.3%

16.2%

20.0%

9.3%

Line Item	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
	$16.5B	$15.9B	$15.8B	$18.2B	$17.7B	$16.8B	$13.8B	$15.1B	$15.4B	$14.7B	$14.3B	$14.2B
	—	$9.3B	$9.3B	$10.7B	$11.1B	$10.3B	—	—	—	—	—	—
	$6.9B	$6.6B	$6.6B	$7.5B	$6.6B	$6.5B	$6.1B	$6.5B	$6.4B	$6.5B	$6.6B	$6.5B
Gross Margin	41.6%	41.3%	41.6%	41.1%	37.1%	38.8%	43.8%	42.9%	41.4%	44.3%	46.3%	45.3%
	—	$3.4B	$3.4B	$4.2B	$3.8B	$3.8B	—	—	—	—	—	—
Research & Development	—	$446M	$447M	$456M	$470M	$463M	$379M	$432M	$441M	$453M	$459M	$466M
Depreciation	—	$528M	$492M	$558M	$554M	$561M	$509M	$511M	$497M	$460M	$462M	$446M
Total Operating Expenses	—	$4.5B	$4.7B	$4.8B	$4.5B	$4.3B	—	—	—	—	—	—
	$2.8B	$2.0B	$1.9B	$2.7B	$2.0B	$2.2B	$1.5B	$1.8B	$1.8B	$2.1B	$878M	$1.8B
EBIT	$2.8B	$2.0B	$1.9B	$2.7B	$2.0B	$2.2B	$1.5B	$1.8B	$1.8B	$2.1B	$878M	$1.8B
EBITDA	$3.3B	$2.6B	$2.3B	$3.2B	$2.6B	$2.7B	$2.0B	$2.3B	$2.3B	$2.5B	$1.3B	$2.3B
Operating Margin	16.7%	12.9%	11.7%	14.7%	11.6%	12.9%	10.9%	11.6%	11.7%	14.2%	6.2%	12.9%
EBITDA Margin	19.8%	16.2%	14.8%	17.7%	14.7%	16.3%	14.4%	15.0%	14.9%	17.3%	9.2%	16.0%
	—	—	—	$247M	$167M	$121M	$138M	$132M	$118M	$105M	$125M	$125M
	—	$2.0B	$1.9B	$1.7B	$1.4B	$1.8B	—	—	—	—	—	—
Income Tax Expense	—	$458M	$475M	$439M	$325M	$374M	$291M	$392M	$353M	$615M	$214M	$413M
	$1.8B	$1.6B	$1.1B	$1.3B	$1.1B	$1.5B	$1.1B	$2.5B	$1.4B	$1.6B	$895M	$1.4B
Net Margin	10.6%	10.0%	7.2%	7.2%	6.0%	8.7%	15.4%	16.6%	8.8%	10.9%	6.3%	10.0%
	$6.96	$6.96	$4.77	$5.38	$4.34	$6.06	$4.47	$5.25	$5.50	$6.22	$3.29	$5.18
Diluted EPS	$6.96	$6.94	$4.75	$5.35	$4.32	$6.01	$4.47	$5.25	$5.50	$6.22	$3.29	$5.18
Weighted Avg Basic	—	226M	234M	236M	236M	238M	—	—	—	—	—	—
Weighted Avg Diluted	—	227M	235M	237M	237M	239M	—	—	—	—	—	—

Line Item

TTM

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

$16.5B

$15.9B

$15.8B

$18.2B

$17.7B

$16.8B

$13.8B

$15.1B

$15.4B

$14.7B

$14.3B

$14.2B

—

$9.3B

$10.7B

$11.1B

$10.3B

—

$6.9B

$6.6B

$7.5B

$6.6B

$6.5B

$6.1B

$6.5B

$6.4B

$6.5B

$6.6B

$6.5B

Gross Margin

41.6%

41.3%

41.6%

41.1%

37.1%

38.8%

43.8%

42.9%

41.4%

44.3%

46.3%

45.3%

—

$3.4B

$4.2B

$3.8B

—

Research & Development

—

$446M

$447M

$456M

$470M

$463M

$379M

$432M

$441M

$453M

$459M

$466M

Depreciation

—

$528M

$492M

$558M

$554M

$561M

$509M

$511M

$497M

$460M

$462M

$446M

Total Operating Expenses

—

$4.5B

$4.7B

$4.8B

$4.5B

$4.3B

—

$2.8B

$2.0B

$1.9B

$2.7B

$2.0B

$2.2B

$1.5B

$1.8B

$2.1B

$878M

$1.8B

EBIT

$2.8B

$2.0B

$1.9B

$2.7B

$2.0B

$2.2B

$1.5B

$1.8B

$2.1B

$878M

$1.8B

EBITDA

$3.3B

$2.6B

$2.3B

$3.2B

$2.6B

$2.7B

$2.0B

$2.3B

$2.5B

$1.3B

$2.3B

Operating Margin

16.7%

12.9%

11.7%

14.7%

11.6%

12.9%

10.9%

11.6%

11.7%

14.2%

6.2%

12.9%

EBITDA Margin

19.8%

16.2%

14.8%

17.7%

14.7%

16.3%

14.4%

15.0%

14.9%

17.3%

9.2%

16.0%

—

$247M

$167M

$121M

$138M

$132M

$118M

$105M

$125M

—

$2.0B

$1.9B

$1.7B

$1.4B

$1.8B

—

Income Tax Expense

—

$458M

$475M

$439M

$325M

$374M

$291M

$392M

$353M

$615M

$214M

$413M

$1.8B

$1.6B

$1.1B

$1.3B

$1.1B

$1.5B

$1.1B

$2.5B

$1.4B

$1.6B

$895M

$1.4B

Net Margin

10.6%

10.0%

7.2%

6.0%

8.7%

15.4%

16.6%

8.8%

10.9%

6.3%

10.0%

$6.96

$4.77

$5.38

$4.34

$6.06

$4.47

$5.25

$5.50

$6.22

$3.29

$5.18

Diluted EPS

$6.96

$6.94

$4.75

$5.35

$4.32

$6.01

$4.47

$5.25

$5.50

$6.22

$3.29

$5.18

Weighted Avg Basic

—

226M

234M

236M

238M

—

Weighted Avg Diluted

—

227M

235M

237M

239M

—

PPG INDUSTRIES INC (PPG) Stock Analysis — April 2026 Rating, Price, and Forecast

Last updated: April 2026

Company Overview — What Does PPG INDUSTRIES INC Do?

PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials worldwide. The company's Performance Coatings segment offers coatings, solvents, adhesives, sealants, sundries, and software for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings, and specialty coatings for signs; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft. It also provides coatings and finishes for the protection of metals and structures, such as metal fabricators, heavy duty maintenance contractors, and manufacturers of ships, bridges, and rail cars; paints, wood stains, adhesives, and purchased sundries for painting and maintenance contractors, and consumers for decoration and maintenance of residential and commercial building structures; and paints, thermoplastics, pavement marking products, and other technologies for pavement marking. The company's Industrial Coatings segment offers coatings, adhesives and sealants, and metal pretreatments, as well as services and coatings applications for appliances, agricultural and construction equipment, consumer electronics, automotive parts and accessories, building products, kitchenware, and transportation vehicles and other finished products; and on-site coatings services. It also provides coatings for metal cans, closures, plastic tubes, and promotional and specialty packaging; amorphous precipitated silica for tire, battery separator, and other end-uses; TESLIN substrates for labels, e-passports, drivers' licenses, breathable membranes, and loyalty and identification cards; and organic light emitting diode materials, displays and lighting lens materials, optical lenses, color-change products, and photochromic dyes. The company was incorporated in 1883 and is headquartered in Pittsburgh, Pennsylvania. PPG INDUSTRIES INC (PPG) is classified as a large-cap stock in the Materials sector, specifically within the Chemicals industry. The company is led by CEO Michael H. McGarry and employs approximately 52,000 people, headquartered in Pittsburgh, Pennsylvania. With a market capitalization of $23.8B, PPG is one of the prominent companies in the Materials sector.

PPG INDUSTRIES INC (PPG) Stock Rating — Reduce (April 2026)

As of April 2026, PPG INDUSTRIES INC receives a Reduce rating with a composite score of 49.2/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.PPG ranks #2,395 out of 4,446 stocks in our coverage universe. Within the Materials sector, PPG INDUSTRIES INC ranks #167 of 284 stocks, placing it in the lower half of its Materials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

PPG Stock Price and 52-Week Range

PPG INDUSTRIES INC (PPG) currently trades at $110.33. The stock gained $0.63 (0.6%) in the most recent trading session. The 52-week high for PPG is $133.43, which means the stock is currently trading -17.3% from its annual peak. The 52-week low is $90.24, putting the stock 22.3% above its annual trough. Recent trading volume was 1.4M shares, reflecting moderate market activity.

Is PPG Overvalued or Undervalued? — Valuation Analysis

PPG INDUSTRIES INC (PPG) carries a value factor score of 67/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 13.02x, compared to the Materials sector average of 26.50x — a discount of 51%. The price-to-book ratio stands at 2.83x, versus the sector average of 2.83x. The price-to-sales ratio is 1.38x, compared to 0.74x for the average Materials stock. On an enterprise value basis, PPG trades at 9.22x EV/EBITDA, versus 6.01x for the sector.

Overall, PPG's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.

PPG INDUSTRIES INC Profitability — ROE, Margins, and Quality Score

PPG INDUSTRIES INC (PPG) earns a quality factor score of 50/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 21.7%, compared to the Materials sector average of 3.3%, which demonstrates strong shareholder value creation. Return on assets (ROA) comes in at 8.0% versus the sector average of 0.6%.

On a margin basis, PPG INDUSTRIES INC reports gross margins of 41.6%, compared to 29.8% for the sector. The operating margin is 16.7% (sector: 6.0%). Net profit margin stands at 10.6%, versus 3.0% for the average Materials stock. Revenue growth is running at -14.8% on a trailing basis, compared to 1.8% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.

PPG Debt, Balance Sheet, and Financial Health

PPG INDUSTRIES INC has a debt-to-equity ratio of 90.0%, compared to the Materials sector average of 41.0%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. The current ratio is 1.62x, suggesting adequate working capital coverage. Total debt on the balance sheet is $7.30B. Cash and equivalents stand at $1.83B.

PPG has a beta of 1.02, meaning it is roughly in line with the broader market in terms of price volatility. The stability factor score for PPG INDUSTRIES INC is 70/100, indicating low-volatility characteristics and consistent price behavior that appeals to risk-averse investors.

PPG INDUSTRIES INC Revenue and Earnings History — Quarterly Trend

In TTM 2026, PPG INDUSTRIES INC reported revenue of $16.54B and earnings per share (EPS) of $6.96. Net income for the quarter was $1.76B. Gross margin was 41.6%. Operating income came in at $2.75B.

In FY 2025, PPG INDUSTRIES INC reported revenue of $15.88B and earnings per share (EPS) of $6.96. Net income for the quarter was $1.59B. Gross margin was 41.3%. Revenue grew 0.2% year-over-year compared to FY 2024. Operating income came in at $2.04B.

In Q3 2025, PPG INDUSTRIES INC reported revenue of $4.08B and earnings per share (EPS) of $2.01. Net income for the quarter was $447M. Gross margin was 40.6%. Revenue grew -10.8% year-over-year compared to Q3 2024. Operating income came in at $689M.

In Q2 2025, PPG INDUSTRIES INC reported revenue of $4.20B and earnings per share (EPS) of $1.98. Net income for the quarter was $458M. Gross margin was 42.0%. Revenue grew -12.5% year-over-year compared to Q2 2024. Operating income came in at $743M.

Over the past 8 quarters, PPG INDUSTRIES INC has demonstrated a growth trajectory, with revenue expanding from $4.79B to $16.54B. Investors analyzing PPG stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

PPG Dividend Yield and Income Analysis

PPG INDUSTRIES INC (PPG) currently pays a dividend yield of 2.6%. At this yield, a $10,000 investment in PPG stock would generate approximately $$262.00 in annual dividend income. This compares to the Materials sector average dividend yield of 0.5%, meaning PPG offers above-average income for its sector. The net margin of 10.6% provides reasonable coverage for the dividend, though investors should monitor payout sustainability.

PPG Momentum and Technical Analysis Profile

PPG INDUSTRIES INC (PPG) has a momentum factor score of 44/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 37/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 25/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.

PPG vs Competitors — Materials Sector Ranking and Peer Comparison

Within the Materials sector, PPG INDUSTRIES INC (PPG) ranks #167 out of 284 stocks based on the Blank Capital composite score. This places PPG in the lower half of all Materials stocks in our coverage universe. Key competitors and sector peers include CF Industries Holdings, Inc. (CF) with a score of 56.6/100, Nutrien Ltd. (NTR) with a score of 56.6/100, CVR PARTNERS, LP (UAN) with a score of 55.6/100, LSB INDUSTRIES, INC. (LXU) with a score of 53.6/100, and ACME UNITED CORP (ACU) with a score of 51.2/100.

Comparing PPG against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full PPG vs S&P 500 (SPY) comparison to assess how PPG INDUSTRIES INC stacks up against the broader market across all factor dimensions.

PPG Next Earnings Date

No upcoming earnings date has been announced for PPG INDUSTRIES INC (PPG) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy PPG? — Investment Thesis Summary

The quantitative profile for PPG INDUSTRIES INC suggests caution. The value score of 67/100 suggests attractive pricing relative to fundamentals. Low volatility (stability score 70/100) reduces downside risk.

In summary, PPG INDUSTRIES INC (PPG) earns a Reduce rating with a composite score of 49.2/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on PPG stock.

Related Resources for PPG Investors

Explore more research and tools: PPG vs S&P 500 comparison, top Materials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare PPG head-to-head with peers: PPG vs CF, PPG vs NTR, PPG vs UAN.

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PPG INDUSTRIES INC (PPG) Stock Analysis — April 2026 Rating, Price, and Forecast

Company Overview — What Does PPG INDUSTRIES INC Do?

PPG INDUSTRIES INC (PPG) Stock Rating — Reduce (April 2026)

PPG Stock Price and 52-Week Range

Is PPG Overvalued or Undervalued? — Valuation Analysis

PPG INDUSTRIES INC Profitability — ROE, Margins, and Quality Score

PPG Debt, Balance Sheet, and Financial Health

PPG INDUSTRIES INC Revenue and Earnings History — Quarterly Trend

PPG Dividend Yield and Income Analysis

PPG Momentum and Technical Analysis Profile

PPG vs Competitors — Materials Sector Ranking and Peer Comparison

PPG Next Earnings Date

Should You Buy PPG? — Investment Thesis Summary

Related Resources for PPG Investors

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PPG Industries Inc. stock underperforms Thursday when compared to competitors

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