FUNDAMENTAL ANALYSIS
PPG
PPG Industries
FUNDAMENTAL RATING
FUNDAMENTAL SCORE
71 / 100
Summary
PPG Industries shows diverging top-line and bottom-line trends: revenue compounded at -3.47% a year (CAGR (compound annual growth rate)) while net income compounded at 15.38% a year. The latest annual results show revenue up 0.2% YoY (year-over-year) and net income up 41.2% YoY, yet the most recent quarter reported $382M in net income and declined 15.7% QoQ (quarter-over-quarter). Assets cover liabilities 1.58 times, providing a solid solvency margin, and the Altman Z-score of 5.59 sits in the safe zone, which the model defines as values at or above 2.6. The Piotroski F-Score of 6 on a 0 to 9 quality scale indicates mixed earnings quality. The price-to-earnings ratio of 15.9 is below the S&P 500 average, which implies the market is not pricing in premium growth. The next earnings report must show whether quarterly net income stops contracting and whether annual net income growth remains sustainable when matched against incoming quarterly trends.
Revenue — Annual Comparison
Net Income — Annual Comparison
Quarterly Detail Charts
Quarterly Revenue
Quarterly Net Income
Piotroski F-Score Breakdown
6/9 · Neutral
Profitability — Net income positive this fiscal year
Pass
Return on Assets — Return on Assets improved year-over-year
Pass
Cash flow positive — Cash from operations positive this fiscal year
Pass
Earnings quality — Cash from operations exceeds net income
Pass
Leverage down — Long-term debt / total assets improved
Fail
Liquidity up — Current ratio improved year-over-year
Pass
No share dilution — Share count did not increase year-over-year
Pass
Margin up — Gross margin expanded year-over-year
N/A
Asset efficiency — Asset turnover improved year-over-year
Fail
Data Source
This dashboard applies a modified 9-signal Piotroski F-Score (Piotroski, 2000) and Altman Z-Score models. Fundamental filing data is sourced from the SEC's EDGAR XBRL database (primary), with API Ninjas as backup for freshly-filed 10-Ks not yet in SEC. Live price, market cap, and EPS display use Tiingo end-of-day data. This page is informational analysis, not investment advice. See Financial Disclaimer.
Recent Filings
Formula & Methodology
Trend inputAnnual revenue and net income year-over-year direction contributes 20% of the score.
Piotroski inputModified 9-test Piotroski F-Score (Quality) contributes 40% of the score.
Altman inputAltman Z-Score (Distress) contributes 40% of the score.
Rating ruleFormula: Trend (20%) + Piotroski F-Score (40%) + Altman Z-Score (40%). Trend blends annual revenue and net income year-over-year direction. Piotroski is the modified 9-test variant (7 classic + 2 cash-flow tests). Altman uses the 1968 Z-Score with Safe/Grey/Distress zones. Combined blend uses ±0.45 thresholds: Bullish at +0.45 or higher, Bearish at -0.45 or lower, Neutral in between. Missing sub-signals count as Neutral (0) and weights are not re-normalized — a company with fewer available signals must earn its rating from stronger reads on the remaining pillars.