PPG Industries (MEX:PPG) Cyclically Adjusted Revenue per Share: MXN1,302.25 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
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
86 GF Score
Price MXN1,988.00
GF Value MXN2,380.12
View Full Analysis

What is PPG Industries Cyclically Adjusted Revenue per Share?

PPG Industries MEX:PPG 86 Cyclically Adjusted Revenue per Share is MXN1,302.25 as of Mar. 2026. GuruFocus rates MEX:PPG with a GF Score™ of 86/100 and a GF Value™ of MXN2,380.12.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

PPG Industries's adjusted revenue per share for the three months ended in Mar. 2026 was MXN315.813. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is MXN1,302.25 for the trailing ten years ended in Mar. 2026.

During the past 12 months, PPG Industries's average Cyclically Adjusted Revenue Growth Rate was 3.20% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 2.90% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 5.40% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 5.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of PPG Industries was 7.70% per year. The lowest was 2.90% per year. And the median was 5.40% per year.

As of today (2026-07-26), PPG Industries's current stock price is MXN1988.00. PPG Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was MXN1,302.25. PPG Industries's Cyclically Adjusted PS Ratio of today is 1.53.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of PPG Industries was 3.12. The lowest was 1.28. And the median was 2.01.


PPG Industries  (MEX:PPG) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

PPG Industries's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=1988.00/1302.25
=1.53

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of PPG Industries was 3.12. The lowest was 1.28. And the median was 2.01.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


PPG Industries Cyclically Adjusted Revenue per Share Related Terms


PPG Industries Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for PPG Industries's Cyclically Adjusted Revenue per Share 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 Revenue per Share Chart

PPG Industries Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,257.50 1,384.13 1,121.84 1,539.80 1,333.17

PPG Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Revenue per Share 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 1,526.49 1,476.76 1,607.81 1,333.17 1,302.25

MEX:PPG vs IFF, DD, LYB: Cyclically Adjusted Revenue per Share 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
86GF Score
PPG Industries Inc MEX:PPG
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PPG Industries Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

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

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=315.813/330.2130*330.2130
=315.813

Current CPI (Mar. 2026) = 330.2130.

PPG Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 258.976 241.018 354.817
201609 265.379 241.428 362.972
201612 267.289 241.432 365.578
201703 252.940 243.801 342.591
201706 265.487 244.955 357.891
201709 265.402 246.819 355.075
201712 282.546 246.524 378.464
201803 273.237 249.554 361.551
201806 329.432 251.989 431.696
201809 293.091 252.439 383.389
201812 298.580 251.233 392.444
201903 295.371 254.202 383.692
201906 324.367 256.143 418.166
201909 316.700 256.759 407.302
201912 290.739 256.974 373.601
202003 333.125 258.115 426.175
202006 292.898 257.797 375.174
202009 342.183 260.280 434.122
202012 313.351 260.474 397.247
202103 331.931 264.877 413.807
202106 361.844 271.696 439.777
202109 374.884 274.310 451.283
202112 359.488 278.802 425.777
202203 360.103 287.504 413.597
202206 397.195 296.311 442.639
202209 379.856 296.808 422.608
202212 176.840 296.797 196.750
202303 333.261 301.836 364.592
202306 351.981 305.109 380.942
202309 340.604 307.789 365.419
202312 167.882 306.746 180.725
202403 269.645 312.332 285.082
202406 329.171 314.175 345.975
202409 338.845 315.301 354.871
202412 334.067 315.605 349.530
202503 329.262 319.799 339.984
202506 346.897 322.561 355.126
202509 330.601 324.800 336.111
202512 312.802 324.054 318.747
202603 315.813 330.213 315.813

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

What does a Cyclically Adjusted Revenue per Share of MXN1,302.25 mean?
PPG Industries (MEX:PPG) has a Cyclically Adjusted Revenue per Share of MXN1,302.25 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on PPG Industries and its competitors.
Is PPG Industries' Cyclically Adjusted Revenue per Share too high?
PPG Industries' current Cyclically Adjusted Revenue per Share is MXN1,302.25. Overall, PPG Industries has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.
How does PPG Industries' Cyclically Adjusted Revenue per Share compare to IFF and DD?
PPG Industries' Cyclically Adjusted Revenue per Share of MXN1,302.25 can be compared against companies in the Chemicals industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Chemicals company?
A good Cyclically Adjusted Revenue per Share depends on the Chemicals industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on PPG Industries and its competitors. PPG Industries's current Cyclically Adjusted Revenue per Share is MXN1,302.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PPG Industries stock overvalued right now?
PPG Industries (MEX:PPG) has a current Cyclically Adjusted Revenue per Share of MXN1,302.25. The stock's GF Value™ is MXN2,380.12, compared to a current price of MXN1,988.00 — trading 16.5% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is MXN1,302.25. PPG Industries' overall GF Score™ is 86/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For PPG Industries (MEX:PPG), the current Cyclically Adjusted Revenue per Share is MXN1,302.25 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

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 16.5% below its estimated GF Value™ of MXN2,380.12.

Key valuation signals for MEX:PPG:

  • Cyclically Adjusted Revenue per Share: MXN1,302.25
  • GF Value™: MXN2,380.12 vs. price of MXN1,988.00 (16.5% below fair value)
  • GF Score™: 86/100

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.
86GF Score

Get the complete analysis for MEX:PPG

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

MXN1,988.00
Price
MXN2,380.12
GF Value