PPG IndustriesMEX:PPG 86 Net Margin % is 9.72% as of Mar. 2026, which is 21% above its 10-year median of 8.02. GuruFocus rates MEX:PPG with a GF Score™ of 86/100 and a GF Value™ of MXN2,246.25. The stock has 4 warning signs investors should review. Among 1,586 Chemicals companies, PPG Industries ranks better than 76.17% on this metric.
Net margin is calculated as Net Income divided by its Revenue. PPG Industries's Net Income for the
three
months ended in Mar. 2026 was MXN6,888 Mil. PPG Industries's Revenue for the
three
months ended in Mar. 2026 was MXN70,869 Mil. Therefore, PPG Industries's net margin for the quarter that ended in Mar. 2026 was 9.72%.
The historical rank and industry rank for PPG Industries's Net Margin % or its related term are showing as below:
MEX:PPG'
s Net Margin % Range Over the Past 10 Years
Min: 6.12 Med: 8.02 Max: 10.81
Current: 9.83
MEX:PPG's Net Margin % is ranked better than 76.17% of 1586
companies
in the Chemicals industry
Industry Median: 3.905
vs MEX:PPG: 9.83
PPG Industries (MEX:PPG) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
PPG Industries Net Margin % Related Terms
PPG Industries Net Margin % Historical Data
* Premium members only.
The historical data trend for PPG Industries's Net Margin % 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.
For the Specialty Chemicals subindustry, PPG Industries's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, PPG Industries's Net Margin % distribution charts can be found below:
* The bar in red indicates where PPG Industries's Net Margin % falls into.
* 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 (MEX:PPG) has a Net Margin % of 9.72% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on PPG Industries and its competitors. This is 21% above median its historical median of 8.02. Over the past decade, PPG Industries' Net Margin % has ranged from 6.12 to 10.81. According to the industry distribution chart, PPG Industries ranks #378 out of 1586 companies in the Chemicals industry, placing it in the top 23.8%.
Is PPG Industries' Net Margin % too high?
PPG Industries' current Net Margin % of 9.72% is 21% above median its 10-year median of 8.02. Over the past 10 years, this metric has ranged from a low of 6.12 to a high of 10.81. The Chemicals industry median Net Margin % is 3.91. PPG Industries' value of 9.72% is 148.9% above this industry median. Based on the distribution chart, PPG Industries ranks #378 out of 1586 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, PPG Industries has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.
How does PPG Industries' Net Margin % compare to LYB and ALB?
According to the Chemicals industry distribution chart, PPG Industries ranks #378 out of 1586 companies for Net Margin %. This places PPG Industries in the top 24% of its industry — outperforming the majority of peers. The industry median Net Margin % is 3.91. PPG Industries' value of 9.72% is 148.9% above this benchmark. Historically, PPG Industries' own Net Margin % has ranged from 6.12 to 10.81 over the past decade. While the company's 10-year median is 8.02 vs. the industry median of 3.91, PPG Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Chemicals company?
The median Net Margin % among Chemicals companies is 3.91, based on 1,586 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PPG Industries's current Net Margin % of 9.72% is 148.9% above 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on PPG Industries and its competitors. For the Chemicals industry, the median Net Margin % is 3.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PPG Industries's current Net Margin % is 9.72%, which is 21% above median its own 10-year median of 8.02. 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 Net Margin % of 9.72%. The stock's GF Value™ is MXN2,246.25, compared to a current price of MXN1,988.00 — trading 11.5% below its estimated fair value. The current Net Margin % is 9.72%, which is 21% above median its 10-year median of 8.02 and 148.9% above the Chemicals industry median of 3.91. PPG Industries' overall GF Score™ is 86/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For PPG Industries (MEX:PPG), the current Net Margin % is 9.72% 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 11.5% below its estimated GF Value™ of MXN2,246.25.
Key valuation signals for MEX:PPG:
Net Margin %: 9.72% (21% above median its 10-year median of 8.02)
GF Value™: MXN2,246.25 vs. price of MXN1,988.00 (11.5% below fair value)
Industry Position: 148.9% above the Chemicals median (#378 of 1586)
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 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
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