PPG Industries (PPG) Financial Ratios: P/E, ROE & More

PPG Industries (PPG) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), PPG Industries had a P/E ratio of 14.59 (down from 24.80), return on equity of 21.1% (up from 18.4%), debt-to-equity of 0.98 (up from 0.92) and a current ratio of 1.62 (up from 1.31). A current ratio of 1.62 means current assets exceed current liabilities. Its dividend yield was 2.70% with a payout ratio of 39.9%.

PPG Industries Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	14.59	24.80	27.77	28.80	28.45	32.17
Forward P/E	13.02	14.11	18.16	19.16	22.93	21.04
P/S Ratio	1.45	1.75	2.17	1.89	2.44	2.46
P/B Ratio	2.84	3.98	4.39	4.41	6.38	5.86
Price/FCF	19.77	39.59	18.61	61.95	34.37	18.66
Price/OCF	11.85	19.49	14.63	30.69	26.21	15.99
PEG Ratio	2.37	2.10	1.45	1.73	1.55	2.52
Enterprise Value Ratios
EV/Revenue	1.83	2.13	2.53	2.31	2.82	2.77
EV/EBITDA	10.96	12.32	15.23	16.58	20.50	16.68
EV/EBIT	13.69	15.03	18.82	21.54	27.06	21.43
EV/FCF	25.00	48.24	21.70	75.69	39.79	21.00
Profitability & Returns
Return on Equity (ROE)	21.08%	18.38%	17.13%	15.78%	23.57%	19.09%
Return on Assets (ROA)	6.39%	6.83%	6.45%	4.98%	5.35%	6.00%
Return on Invested Capital (ROIC)	12.78%	13.31%	12.43%	9.85%	11.94%	13.75%
Return on Capital Employed (ROCE)	12.40%	15.60%	13.20%	10.50%	10.60%	12.10%
Leverage & Solvency Ratios
Debt/Equity	0.98	0.92	0.82	1.14	1.17	1.14
Debt/EBITDA	2.77	2.19	2.29	3.25	2.90	2.60
Debt/FCF	6.79	9.17	3.49	16.05	6.27	3.62
Liquidity Ratios
Current Ratio	1.62	1.31	1.47	1.52	1.42	1.41
Quick Ratio	1.13	0.87	0.91	0.95	0.89	0.96
Efficiency Ratios
Asset Turnover	0.76	0.77	0.77	0.74	0.82	0.74
Inventory Turnover	4.82	4.87	4.58	4.47	5.25	4.50
Yield & Distribution Ratios
Earnings Yield	6.86%	4.03%	3.60%	3.47%	3.52%	3.11%
FCF Yield	5.06%	2.53%	5.37%	1.61%	2.91%	5.36%
Dividend Yield	2.70%	2.21%	1.69%	1.93%	1.30%	1.61%
Payout Ratio	39.85%	55.74%	47.09%	55.56%	37.25%	46.84%
Buyback Yield	3.32%	0.97%	0.04%	0.88%	-0.63%	0.13%
Total Return	6.02%	3.18%	1.74%	2.80%	0.67%	1.73%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About PPG Industries Financial Ratios

What is PPG Industries's P/E ratio?

PPG Industries's P/E ratio was 14.59 for fiscal 2025 (period ended Dec 31, 2025). It was 24.80 a year earlier.

What is PPG Industries's return on equity?

PPG Industries's return on equity (ROE) was 21.1% for fiscal 2025 (period ended Dec 31, 2025). It was 18.4% a year earlier.

What is PPG Industries's debt-to-equity ratio?

PPG Industries's debt-to-equity ratio was 0.98 for fiscal 2025 (period ended Dec 31, 2025). It was 0.92 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition