PPG Industries (MEX:PPG) Cyclically Adjusted PS Ratio: (As of Jul. 29, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:PPG PPG Industries Inc MEX:PPG
84 GF Score
Price MXN1,988.00
GF Value MXN2,321.42
! 1 Warning Sign
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What is PPG Industries Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


PPG Industries  (MEX:PPG) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


PPG Industries Cyclically Adjusted PS Ratio Related Terms


PPG Industries Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PPG Industries's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

PPG Industries Cyclically Adjusted PS Ratio Chart

PPG Industries Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.73 1.83 2.09 1.63 1.37

PPG Industries Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.53 1.40 1.37 1.40 0.00

MEX:PPG vs LYB, IFF, DD: Cyclically Adjusted PS Ratio Comparison

For the Specialty Chemicals subindustry, PPG Industries's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


PPG Industries Cyclically Adjusted PS Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, PPG Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where PPG Industries's Cyclically Adjusted PS Ratio falls into.


MEX:PPG
84GF Score
PPG Industries Inc MEX:PPG
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PPG Industries Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

PPG Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, PPG Industries's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=350.305/333.9520*333.9520
=350.305

Current CPI (Jun. 2026) = 333.9520.

PPG Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 265.379 241.428 367.082
201612 267.289 241.432 369.718
201703 252.940 243.801 346.470
201706 265.487 244.955 361.944
201709 265.402 246.819 359.095
201712 282.546 246.524 382.749
201803 273.237 249.554 365.644
201806 329.432 251.989 436.584
201809 293.091 252.439 387.731
201812 298.580 251.233 396.888
201903 295.371 254.202 388.037
201906 324.367 256.143 422.901
201909 316.700 256.759 411.914
201912 290.739 256.974 377.831
202003 333.125 258.115 431.001
202006 292.898 257.797 379.422
202009 342.183 260.280 439.038
202012 313.351 260.474 401.745
202103 331.931 264.877 418.492
202106 361.844 271.696 444.756
202109 374.884 274.310 456.393
202112 359.488 278.802 430.599
202203 360.103 287.504 418.280
202206 397.195 296.311 447.652
202209 379.856 296.808 427.393
202212 176.840 296.797 198.978
202303 333.261 301.836 368.721
202306 351.981 305.109 385.255
202309 340.604 307.789 369.556
202312 167.882 306.746 182.772
202403 269.645 312.332 288.310
202406 329.171 314.175 349.892
202409 338.845 315.301 358.889
202412 334.067 315.605 353.487
202503 329.262 319.799 343.834
202506 346.897 322.561 359.147
202509 330.601 324.800 339.916
202512 312.802 324.054 322.356
202603 315.813 330.213 319.389
202606 350.305 333.952 350.305

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is PPG Industries (MEX:PPG) Overvalued in 2026?

Based on GuruFocus' analysis, PPG Industries stock appears to be undervalued. The current stock price of MXN1,988.00 is trading 14.4% below its estimated GF Value™ of MXN2,321.42.

Key valuation signals for MEX:PPG:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: MXN2,321.42 vs. price of MXN1,988.00 (14.4% below fair value)
  • GF Score™: 84/100 with 1 warning sign

No single metric tells the full story. See the MEX:PPG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PPG Industries Business Description

Other Exchanges PPG:USA0KEI:UKPPQ:Germany
Address One PPG Place, Pittsburgh, PA, USA, 15272
PPG is the world's second-largest producer of paints and coatings. PPG's products are sold to a wide variety of end users, including industrial segments such as automotive, aerospace, and protective and marine, as well as paint contractors and do-it-yourself customers. The company has a footprint in many regions around the globe, with less than half of sales coming from North America in recent years.
84GF Score

Get the complete analysis for MEX:PPG

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN1,988.00
Price
MXN2,321.42
GF Value