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PPG Valuation Multiples
Discover revenue and EBITDA valuation multiples for PPG and similar public comparables like Novonesis, Qinghai Salt Lake Industry, Hengli Petrochemical, Ningxia Baofeng Energy Group and more.
PPG Overview
About PPG
PPG is a global producer of coatings. The company is the world's largest producer of coatings after the purchase of selected Akzo Nobel assets. PPG's products are sold to a wide variety of end users, including the automotive, aerospace, construction, and industrial markets. The company has a footprint in many regions around the globe, with less than half of sales coming from North America in recent years. PPG is focused on its coatings and specialty products and expansion into emerging regions, as exemplified by the Comex acquisition.
Founded
1883
HQ
Employees
43.5K
Website
Sectors
Financials (LTM)
EV
$32B
PPG Financials
PPG reported last 12-month revenue of $16B and EBITDA of $3B.
In the same LTM period, PPG generated $7B in gross profit, $3B in EBITDA, and $2B in net income.
Revenue (LTM)
PPG P&L
In the most recent fiscal year, PPG reported revenue of $16B and EBITDA of $3B.
PPG expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $16B | XXX | $16B | XXX | XXX | XXX |
| Gross Profit | $7B | XXX | $7B | XXX | XXX | XXX |
| Gross Margin | 41% | XXX | 41% | XXX | XXX | XXX |
| EBITDA | $3B | XXX | $3B | XXX | XXX | XXX |
| EBITDA Margin | 17% | XXX | 18% | XXX | XXX | XXX |
| EBIT Margin | 15% | XXX | 15% | XXX | XXX | XXX |
| Net Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Net Margin | 11% | XXX | 11% | XXX | XXX | XXX |
| Net Debt | — | — | $5B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
PPG Stock Performance
PPG has current market cap of $27B, and enterprise value of $32B.
Market Cap Evolution
PPG's stock price is $119.20.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $32B | $27B | 0.0% | XXX | XXX | XXX | $7.70 |
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Start Free TrialPPG Valuation Multiples
PPG trades at 2.0x EV/Revenue multiple, and 11.6x EV/EBITDA.
EV / Revenue (LTM)
PPG Financial Valuation Multiples
As of March 16, 2026, PPG has market cap of $27B and EV of $32B.
Equity research analysts estimate PPG's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
PPG has a P/E ratio of 15.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $27B | XXX | $27B | XXX | XXX | XXX |
| EV (current) | $32B | XXX | $32B | XXX | XXX | XXX |
| EV/Revenue | 2.0x | XXX | 2.0x | XXX | XXX | XXX |
| EV/EBITDA | 11.6x | XXX | 11.5x | XXX | XXX | XXX |
| EV/EBIT | 13.6x | XXX | 13.8x | XXX | XXX | XXX |
| EV/Gross Profit | 5.0x | XXX | 4.9x | XXX | XXX | XXX |
| P/E | 15.4x | XXX | 15.5x | XXX | XXX | XXX |
| EV/FCF | 26.6x | XXX | 27.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified PPG Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
PPG Margins & Growth Rates
PPG's revenue in the last 12 month grew by 3%.
PPG's revenue per employee in the last FY averaged $0.4M.
PPG's rule of 40 is 21% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
PPG's rule of X is 25% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
PPG Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | 3% | XXX | XXX | XXX |
| EBITDA Margin | 17% | XXX | 18% | XXX | XXX | XXX |
| EBITDA Growth | 6% | XXX | 3% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 21% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 25% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 22% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 3% | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 28% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
PPG Public Comps
See public comps and valuation multiples for other Chemicals comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Novonesis | XXX | XXX | XXX | XXX | XXX | XXX |
| Qinghai Salt Lake Industry | XXX | XXX | XXX | XXX | XXX | XXX |
| Hengli Petrochemical | XXX | XXX | XXX | XXX | XXX | XXX |
| Ningxia Baofeng Energy Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Eternal Ltd | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
PPG M&A Activity
PPG acquired XXX companies to date.
Last acquisition by PPG was on XXXXXXXX, XXXXX. PPG acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by PPG
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialPPG Investment Activity
PPG invested in XXX companies to date.
PPG made its latest investment on XXXXXXXX, XXXXX. PPG invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by PPG
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout PPG
| When was PPG founded? | PPG was founded in 1883. |
| Where is PPG headquartered? | PPG is headquartered in United States. |
| How many employees does PPG have? | As of today, PPG has over 43K employees. |
| Who is the CEO of PPG? | PPG's CEO is Timothy M. Knavish. |
| Is PPG publicly listed? | Yes, PPG is a public company listed on NYSE. |
| What is the stock symbol of PPG? | PPG trades under PPG ticker. |
| When did PPG go public? | PPG went public in 1945. |
| Who are competitors of PPG? | PPG main competitors are Novonesis, Qinghai Salt Lake Industry, Hengli Petrochemical, Ningxia Baofeng Energy Group. |
| What is the current market cap of PPG? | PPG's current market cap is $27B. |
| What is the current revenue of PPG? | PPG's last 12 months revenue is $16B. |
| What is the current revenue growth of PPG? | PPG revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of PPG? | Current revenue multiple of PPG is 2.0x. |
| Is PPG profitable? | Yes, PPG is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of PPG? | PPG's last 12 months EBITDA is $3B. |
| What is PPG's EBITDA margin? | PPG's last 12 months EBITDA margin is 17%. |
| What is the current EV/EBITDA multiple of PPG? | Current EBITDA multiple of PPG is 11.6x. |
| What is the current FCF of PPG? | PPG's last 12 months FCF is $1B. |
| What is PPG's FCF margin? | PPG's last 12 months FCF margin is 8%. |
| What is the current EV/FCF multiple of PPG? | Current FCF multiple of PPG is 26.6x. |
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