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PPG Industries (FRA:PPQ) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
PPG Industries Forward PE Ratio Related Terms
PPG Industries Forward PE Ratio Historical Data
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The historical data trend for PPG Industries's Forward PE 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 Forward PE Ratio Chart
PPG Industries Annual Data
Trend
2015-12
2016-12
2017-12
2018-12
2019-12
2020-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
15.80
14.95
17.15
15.17
19.16
21.37
20.33
17.39
17.67
13.81
12.32
PPG Industries Quarterly Data
2015-12
2016-03
2016-06
2016-09
2016-12
2017-03
2017-06
2017-09
2017-12
2018-03
2018-06
2018-09
2018-12
2019-03
2019-06
2019-09
2019-12
2020-03
2020-06
2020-09
2020-12
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2023-06
2023-09
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
2026-06
Forward PE Ratio
15.80
15.36
17.36
14.97
14.95
16.81
17.42
15.67
17.15
16.75
16.37
15.43
15.17
17.61
18.32
16.75
19.16
13.26
21.93
18.73
21.37
20.92
21.83
17.18
20.33
17.57
16.37
13.53
17.39
19.12
20.62
15.55
17.67
16.84
14.79
14.66
13.81
12.88
13.73
11.93
12.32
13.34
15.63
FRA:PPQ vs LYB, IFF, DD: Forward PE Ratio Comparison
For the Specialty Chemicals subindustry, PPG Industries's Forward PE Ratio, along with its competitors' market caps and Forward 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 Forward PE Ratio vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, PPG Industries's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where PPG Industries's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
PPG Industries (FRA:PPQ) has a Forward PE Ratio of 13.89 as of Aug. 03, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on PPG Industries and its competitors. According to the industry distribution chart, PPG Industries ranks #236 out of 661 companies in the Chemicals industry, placing it in the top 35.7%.
Is PPG Industries' Forward PE Ratio too high?
PPG Industries' current Forward PE Ratio is 13.89. The Chemicals industry median Forward PE Ratio is 17.68. PPG Industries' value of 13.89 is 21.4% below this industry median. Based on the distribution chart, PPG Industries ranks #236 out of 661 companies in the Chemicals industry, which is above the industry midpoint. Overall, PPG Industries has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PPG Industries' Forward PE Ratio compare to LYB and IFF?
According to the Chemicals industry distribution chart, PPG Industries ranks #236 out of 661 companies for Forward PE Ratio. This puts PPG Industries in the upper half of its industry. The industry median Forward PE Ratio is 17.68. PPG Industries' value of 13.89 is 21.4% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Chemicals company?
The median Forward PE Ratio among Chemicals companies is 17.68, based on 661 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PPG Industries's current Forward PE Ratio of 13.89 is 21.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on PPG Industries and its competitors. For the Chemicals industry, the median Forward PE Ratio is 17.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PPG Industries's current Forward PE Ratio is 13.89. 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?
Based on GuruFocus' analysis, PPG Industries (FRA:PPQ) is currently considered Modestly Undervalued. The stock's GF Value™ is €119.53, compared to a current price of €95.06 — trading 20.5% below its estimated fair value. The current Forward PE Ratio is 13.89 and 21.4% below the Chemicals industry median of 17.68. PPG Industries' overall GF Score™ is 88/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For PPG Industries (FRA:PPQ), the current Forward PE Ratio is 13.89 as of Aug. 03, 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 (FRA:PPQ) Overvalued in 2026?
Based on GuruFocus' analysis, PPG Industries stock appears to be undervalued.
The current stock price of €95.06 is trading 20.5% below its estimated GF Value™ of €119.53.
GuruFocus considers PPG Industries to be Modestly Undervalued.
Key valuation signals for FRA:PPQ:
Forward PE Ratio: 13.89
GF Value™: €119.53 vs. price of €95.06 (20.5% below fair value)
Industry Position: 21.4% below the Chemicals median (#236 of 661)
No single metric tells the full story. See the FRA:PPQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
88GF Score
Get the complete analysis for FRA:PPQ
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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