P/E ratio for PPG Industries (PPG)
P/E ratio as of May 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 22.426. 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 |
|---|---|---|
| 2022 | 28.9 | 1.41% |
| 2021 | 28.5 | -11.46% |
| 2020 | 32.2 | 26.61% |
| 2019 | 25.4 | 38.29% |
| 2018 | 18.4 | 0.1% |
| 2017 | 18.4 | -36.03% |
| 2016 | 28.7 | 50.81% |
| 2015 | 19.0 | 24.79% |
| 2014 | 15.3 | 78.99% |
| 2013 | 8.52 | -61.39% |
| 2012 | 22.1 | 84.07% |
| 2011 | 12.0 | -33.37% |
| 2010 | 18.0 | -37.57% |
| 2009 | 28.8 | 122.24% |
| 2008 | 13.0 | -6.33% |
| 2007 | 13.9 | -7.45% |
| 2006 | 15.0 | -9.27% |
| 2005 | 16.5 | -3.68% |
| 2004 | 17.1 | -22.16% |
| 2003 | 22.0 | -117.99% |
| 2002 | -122 | -643.95% |
| 2001 | 22.5 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Corning GLW | 51.0 | 127.61% | 🇺🇸 USA |
 Sherwin-Williams SHW | 33.3 | 48.33% | 🇺🇸 USA |
 Dupont De Nemours DD | 8.01 | -64.30% | 🇺🇸 USA |
 RPM International
RPM | 28.4 | 26.68% | 🇺🇸 USA |
 Owens Corning
OC | 13.3 | -40.73% | 🇺🇸 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.