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PPG Industries (STU:PPQ) E10 : €5.69 (As of Dec. 2024)


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What is PPG Industries E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

PPG Industries's adjusted earnings per share data for the three months ended in Dec. 2024 was €-1.146. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €5.69 for the trailing ten years ended in Dec. 2024.

During the past 12 months, PPG Industries's average E10 Growth Rate was -5.40% per year. During the past 3 years, the average E10 Growth Rate was -2.90% per year. During the past 5 years, the average E10 Growth Rate was 1.50% per year. During the past 10 years, the average E10 Growth Rate was 5.80% 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 E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of PPG Industries was 24.60% per year. The lowest was -2.90% per year. And the median was 6.35% per year.

As of today (2025-03-19), PPG Industries's current stock price is €103.75. PPG Industries's E10 for the quarter that ended in Dec. 2024 was €5.69. PPG Industries's Shiller PE Ratio of today is 18.23.

During the past 13 years, the highest Shiller PE Ratio of PPG Industries was 30.26. The lowest was 13.92. And the median was 22.47.


PPG Industries E10 Historical Data

The historical data trend for PPG Industries's E10 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.

* Premium members only.

PPG Industries E10 Chart

PPG Industries Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.75 5.71 6.49 5.73 5.69

PPG Industries Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
E10 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 5.73 5.54 5.62 5.45 5.69

Competitive Comparison of PPG Industries's E10

For the Specialty Chemicals subindustry, PPG Industries's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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's Shiller PE Ratio Distribution in the Chemicals Industry

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

* The bar in red indicates where PPG Industries's Shiller PE Ratio falls into.



PPG Industries E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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 earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=-1.146/133.1571*133.1571
=-1.146

Current CPI (Dec. 2024) = 133.1571.

PPG Industries Quarterly Data

per share eps CPI Adj_EPS
201503 1.081 99.621 1.445
201506 1.096 100.684 1.449
201509 1.417 100.392 1.879
201512 1.065 99.792 1.421
201603 1.158 100.470 1.535
201606 1.219 101.688 1.596
201609 -0.615 101.861 -0.804
201612 1.223 101.863 1.599
201703 1.215 102.862 1.573
201706 1.709 103.349 2.202
201709 1.980 104.136 2.532
201712 0.499 104.011 0.639
201803 1.079 105.290 1.365
201806 1.293 106.317 1.619
201809 1.328 106.507 1.660
201812 0.949 105.998 1.192
201903 1.159 107.251 1.439
201906 1.009 108.070 1.243
201909 1.398 108.329 1.718
201912 1.098 108.420 1.349
202003 0.923 108.902 1.129
202006 0.382 108.767 0.468
202009 1.579 109.815 1.915
202012 0.937 109.897 1.135
202103 1.327 111.754 1.581
202106 1.494 114.631 1.735
202109 1.216 115.734 1.399
202112 1.062 117.630 1.202
202203 0.073 121.301 0.080
202206 1.750 125.017 1.864
202209 1.404 125.227 1.493
202212 0.953 125.222 1.013
202303 1.037 127.348 1.084
202306 1.901 128.729 1.966
202309 1.677 129.860 1.720
202312 0.348 129.419 0.358
202403 1.555 131.776 1.571
202406 2.081 132.554 2.090
202409 1.802 133.029 1.804
202412 -1.146 133.157 -1.146

Add all the adjusted EPS together and divide 10 will get our e10.


PPG Industries  (STU:PPQ) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

PPG Industries's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=103.75/5.69
=18.23

* 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 Shiller P/E Ratio of PPG Industries was 30.26. The lowest was 13.92. And the median was 22.47.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


PPG Industries E10 Related Terms

Thank you for viewing the detailed overview of PPG Industries's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


PPG Industries Business Description

Traded in Other Exchanges
Address
One PPG Place, Pittsburgh, PA, USA, 15272
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.

PPG Industries Headlines

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