Last 48 quarters of trend data · Basic Materials · Chemicals - Specialty
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
PPG Industries, Inc.'s quarterly P/E stands at 15.7x, down 6.3% year-over-year. EV/EBITDA has compressed 11.1% YoY to 11.5x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 15.74 | 15.72 | 19.26 | 13.14 | 14.36 | 16.77 | — | 16.56 | 14.05 | 21.43 | 98.39 | 18.13 | 18.00 |
| — | -6.3% | — | -20.6% | +2.2% | -21.8% | — | -8.7% | -21.9% | -28.8% | +216.1% | -8.9% | +16.5% | |
| P/S Ratio | 1.54 | 1.53 | 1.47 | 1.46 | 1.54 | 1.70 | 3.23 | 1.70 | 1.75 | 1.99 | 2.04 | 1.66 | 1.81 |
| — | -10.2% | -54.4% | -14.0% | -11.9% | -14.7% | +58.5% | +2.2% | -3.0% | +10.2% | +14.8% | +13.2% | +24.7% | |
| P/B Ratio | — | 2.91 | — | 2.99 | 3.34 | 3.53 | 4.02 | 3.89 | 3.73 | 4.22 | 4.42 | 3.89 | 4.52 |
| — | -17.7% | — | -23.1% | -10.4% | -16.5% | -9.1% | +0.2% | -17.3% | -3.2% | -0.2% | -8.9% | +4.6% | |
| P/FCF | 20.96 | — | 9.84 | 11.06 | 24.34 | — | 47.28 | 12.66 | 29.67 | — | 12.15 | 10.23 | 21.25 |
| — | — | -79.2% | -12.6% | -18.0% | — | +289.0% | +23.7% | +39.6% | — | -28.6% | -36.2% | -69.3% | |
| EV / EBITDA | 11.00 | 11.47 | 12.14 | 13.17 | 10.28 | 12.90 | 17.65 | 12.09 | 10.91 | 14.50 | 17.09 | 12.42 | 12.60 |
| — | -11.1% | -31.2% | +8.9% | -5.8% | -11.0% | +3.3% | -2.7% | -13.4% | -24.6% | -6.0% | -8.1% | -5.5% | |
| EV / EBIT | 13.68 | 14.35 | 15.86 | 12.22 | 12.23 | 13.92 | 123.55 | 13.66 | 12.53 | 16.94 | 40.76 | 14.74 | 14.62 |
| — | +3.1% | -87.2% | -10.6% | -2.4% | -17.9% | +203.1% | -7.3% | -14.3% | -27.1% | +67.1% | -16.5% | +3.4% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
PPG Industries, Inc.'s operating margin was 13.4% in Q1 2026, up 1.9 pp QoQ and up 0.3 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 38.0% | 42.1% | 37.4% | 40.6% | 42.0% | 41.9% | 34.9% | 41.8% | 42.1% | 43.3% | 41.8% | 40.7% | 41.2% |
| — | +0.6% | +7.3% | -2.9% | -0.3% | -3.3% | -16.6% | +2.6% | +2.4% | +6.3% | +12.0% | +10.5% | +11.2% | |
| Operating Margin | 13.7% | 13.4% | 11.5% | 10.7% | 15.5% | 13.1% | 17.6% | 13.5% | 16.4% | 12.8% | 10.2% | 12.8% | 14.2% |
| — | +2.3% | -34.7% | -20.3% | -5.6% | +2.0% | +72.4% | +5.1% | +15.2% | +53.7% | +16.7% | +21.5% | +33.9% | |
| Net Margin | 9.9% | 9.7% | 7.7% | 11.1% | 10.7% | 10.1% | -12.9% | 10.2% | 12.5% | 9.3% | 2.1% | 9.2% | 10.1% |
| — | -4.0% | +159.3% | +8.5% | -14.0% | +9.1% | -725.1% | +11.5% | +24.0% | +53.9% | -63.6% | +24.6% | +7.0% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 92.2% | 16.2% | 13.6% | 5.8% | 6.1% | 5.3% | -3.7% | 5.9% | 6.6% | 5.0% | 1.1% | 5.4% | 6.5% |
| — | +205.5% | +462.6% | -1.9% | -7.7% | +7.1% | -432.4% | +8.5% | +0.9% | +31.0% | -69.5% | +2.4% | -6.8% | |
| ROA | 11.5% | 2.5% | 2.0% | 2.0% | 2.1% | 1.8% | -1.4% | 2.1% | 2.4% | 1.8% | 0.4% | 1.9% | 2.2% |
| — | +38.0% | +247.0% | -4.6% | -14.1% | +0.0% | -425.1% | +10.2% | +9.5% | +49.2% | -63.5% | +25.7% | +9.0% | |
| ROIC | 23.5% | 4.9% | 4.2% | 2.3% | 3.6% | 2.9% | 2.2% | 3.3% | 3.7% | 3.1% | 2.5% | 3.2% | 3.7% |
| — | +70.4% | +89.7% | -30.4% | -3.9% | -6.3% | -11.6% | +3.6% | +0.9% | +51.6% | +17.3% | +17.2% | +31.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
PPG Industries, Inc.'s Debt/EBITDA ratio is 11.8x, down from 12.8x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 18.9% YoY to 1.61x, strengthening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | 0.94 | — | 1.05 | 1.03 | 1.11 | 0.92 | 0.91 | 0.91 | 0.87 | 0.82 | 0.88 | 0.99 |
| — | -15.5% | — | +15.4% | +13.2% | +27.9% | +11.7% | +3.2% | -8.6% | -22.5% | -27.7% | -28.6% | -21.2% | |
| Debt / EBITDA | 2.76 | 11.77 | 12.75 | 14.54 | 10.12 | 13.06 | 13.64 | 9.49 | 8.79 | 10.16 | 11.11 | 9.52 | 9.35 |
| — | -9.9% | -6.5% | +53.2% | +15.1% | +28.5% | +22.7% | -0.3% | -5.9% | -37.6% | -27.4% | -24.1% | -24.4% | |
| Current Ratio | 1.62 | 1.61 | 1.62 | 1.47 | 1.42 | 1.35 | 1.31 | 1.58 | 1.49 | 1.55 | 1.47 | 1.48 | 1.49 |
| — | +18.9% | +24.2% | -7.5% | -4.6% | -12.8% | -11.1% | +7.0% | +0.0% | -7.8% | -3.2% | -2.6% | -0.8% | |
| Quick Ratio | 1.22 | 1.17 | 1.22 | 1.08 | 1.04 | 0.99 | 0.94 | 1.13 | 1.05 | 1.08 | 1.09 | 1.05 | 1.03 |
| — | +18.3% | +29.5% | -4.8% | -1.4% | -8.2% | -13.6% | +8.1% | +2.2% | -6.0% | +4.8% | +1.5% | +0.6% | |
| Interest Coverage | 9.49 | 8.61 | 7.71 | 9.55 | 10.65 | 9.96 | 1.18 | 10.12 | 11.50 | 10.78 | 4.37 | 9.70 | 10.64 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorDCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare business quality, growth, and profitability against top sector peers.
Start ComparisonQuick answers to the most common questions about buying PPG stock.
PPG Industries, Inc.'s current P/E is 15.7x. The average P/E over the last 4 quarters is 15.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
PPG Industries, Inc.'s current operating margin is 13.7%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking PPG Industries, Inc.'s business trajectory between earnings reports.