PPG Industries
PPG
#602
Rank
$31.76 B
Marketcap
$134.96
Share price
1.09%
Change (1 day)
-4.24%
Change (1 year)
PPG Industries is an American manufacturer of synthetic glass and chemical products, with headquarters in Pittsburgh, Pennsylvania.

P/E ratio for PPG Industries (PPG)

P/E ratio as of April 2024 (TTM): 22.4

According to PPG Industries 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.4143. At the end of 2022 the company had a P/E ratio of 28.9.

P/E ratio history for PPG Industries from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202228.91.41%
202128.5-11.46%
202032.226.61%
201925.438.29%
201818.40.1%
201718.4-36.03%
201628.750.81%
201519.024.79%
201415.378.99%
20138.52-61.39%
201222.184.07%
201112.0-33.37%
201018.0-37.57%
200928.8122.24%
200813.0-6.33%
200713.9-7.45%
200615.0-9.27%
200516.5-3.68%
200417.1-22.16%
200322.0-117.99%
2002-122-643.95%
200122.5

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
45.2 101.83%๐Ÿ‡บ๐Ÿ‡ธ USA
32.7 45.79%๐Ÿ‡บ๐Ÿ‡ธ USA
7.53-66.39%๐Ÿ‡บ๐Ÿ‡ธ USA
27.1 20.77%๐Ÿ‡บ๐Ÿ‡ธ USA
12.5-44.08%๐Ÿ‡บ๐Ÿ‡ธ USA

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.