PPG Industries, Inc. Financial Ratios — PPG Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	11.65	9.35	27.39	14.9	8.93	5.22	9.09	7.21	6.38	5.25	6.89	4.76	5.74	4.91	6.72
Return on Assets (%)	7.46	6.22	20.36	12.59	8.12	5.32	9.87	8.24	7.37	5.68	7.04	4.87	5.99	5.43	7.59
Return on Capital (%)	8.49	7.01	20.7	12.22	7.41	4.45	7.51	6.08	5.27	4.35	5.4	3.85	4.81	4.29	5.68
Return on Invested Capital (%)	13.66	13.4	14.4	16.58	15.89	9.12	14.44	14.9	14.07	11.81	10.18	9.01	10.45	12.05	11.37
Gross Margin (%)	40.2	40.1	41.72	43.56	45.33	46.29	44.34	41.45	42.87	43.78	38.78	36.12	40.41	41.61	41.32
EBITDA Margin (%)	13.21	13.16	14.03	15.31	16.89	11.42	16.78	15.34	16.22	16.55	13.37	13.88	15.69	17.54	16.99
Operating Margin (%)	9.98	10.02	10.87	12.26	13.76	8.33	13.66	12.11	12.85	12.87	10.03	10.67	12.53	14.43	13.66
Incremental Operating Margin (%)	19.63	8.99	17.67	50.19	-26.36	-2,655.17	172.59	-24.28	-36.84	12.65	-3.17	1.68	58.76	-63.48	-393.33
Pretax Margin (%)	9.29	6.53	8.59	9.1	12.25	5.46	13.6	11.01	10.97	9.85	10.8	8.68	10.41	11.69	12.88
Profit Margin (%)	8.33	7.42	22.65	14.21	9.87	6.12	10.81	8.72	8.21	7.66	8.56	6.57	7.82	7.04	9.93
Net Income to Common Margin (%)	8.33	7.42	22.65	14.21	9.87	6.12	10.81	8.72	8.21	7.66	8.56	6.57	7.82	7.04	9.93
Effective Tax Rate (%)	21.28	17.87	20.64	17.61	23.67	27.47	30.67	20.85	23.6	21.37	20.61	23.62	25.33	25.65	22.4
Dvd Payout Ratio (%)	32.9	44.58	31.51	30.96	28.31	70.53	30.76	33.38	36.14	45.67	36.66	53.62	45.96	44.11	39.18
Sustainable Growth Rate (%)	7.81	5.18	18.76	10.28	6.41	1.54	6.3	4.8	4.07	2.85	4.36	2.21	3.1	2.75	4.09

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	3,682	4,010	3,406	4,014	4,307	4,416	4,146	5,016	5,844	6,606	7,466	7,635	6,599	6,395	7,896
ST Debt	108	642	34	481	281	629	12	651	683	758	201	496	434	1,065	844
LT Debt	3,574	3,368	3,372	3,533	4,026	3,787	4,134	4,365	5,161	5,848	7,265	7,139	6,165	5,330	7,052
Total Debt/EBITDA	2.12	2.4	1.7	1.77	1.79	2.71	1.68	2.13	2.38	2.89	3.32	3.52	2.59	2.3	2.93
Net Debt/EBITDA	1.28	1.62	1.14	1.47	1.25	1.59	1.1	1.74	1.56	1.71	2.48	2.64	1.79	1.64	1.91
Total Debt/EBIT	2.8	3.15	2.2	2.21	2.2	3.71	2.06	2.69	3	3.71	4.43	4.58	3.24	2.8	3.64
Net Debt/EBIT	1.69	2.13	1.48	1.83	1.53	2.18	1.35	2.21	1.97	2.2	3.31	3.43	2.24	1.99	2.37
EBITDA to Interest Expense	8.28	7.95	10.21	12.11	19.24	13.03	23.56	19.99	18.61	16.59	18.57	12.98	10.32	11.53	11.19
EBITDA-CapEx/Interest Expense	6.42	6	10.21	12.11	19.24	13.03	23.56	19.99	18.61	16.59	18.57	12.98	10.32	11.53	11.19
EBIT to Interest Expense	6.25	6.05	7.91	9.7	15.67	9.51	19.18	15.78	14.74	12.9	13.93	9.98	8.24	9.49	9
Interest Expense	210	210	196	187	125	125	105	118	132	138	121	167	247	241	241
Common Equity/Total Assets	67.95	65.22	83.47	85.44	96.57	107.47	109.5	119.26	112.24	104.51	99.95	105.08	103.8	118.16	108.2
Long-Term Debt/Equity (%)	103.71	77.93	64.87	67.1	79.42	77.05	72.88	92.24	95.52	100.57	113.32	106.41	76.84	76.56	87.09
Long-Term Debt/Capital (%)	26.18	23.03	19.94	18.52	19.28	17.65	18.48	18.02	19.97	21.52	25.11	24.16	21.07	18.05	22.06
Long-Term Debt/Total Assets (%)	24.85	21.21	21.26	20.15	23.58	24.01	25	27.26	29.15	29.9	34.03	34.41	28.48	27.43	31.91
Total Debt/Equity (%)	106.85	92.78	65.53	76.24	84.97	89.85	73.1	106	108.16	113.6	116.46	113.8	82.25	91.86	97.52
Total Debt/Capital (%)	26.97	27.42	20.14	21.04	20.62	20.59	18.53	20.71	22.62	24.31	25.81	25.84	22.55	21.65	24.7
Total Debt/Total Assets (%)	25.6	25.26	21.47	22.89	25.22	28	25.07	31.32	33	33.78	34.97	36.81	30.48	32.91	35.73
Net Debt to Equity	64.57	62.56	44.06	63.21	59.1	52.82	47.78	86.94	71	67.46	86.98	85.21	56.85	65.28	63.54
Net Debt/Capital (%)	18.25	20.3	14.5	18.09	15.31	13.22	12.95	17.64	15.58	15.48	19.97	20.09	16.43	16.08	17.27
EBITDA	1,738	1,670	2,002	2,264	2,405	1,629	2,474	2,359	2,457	2,289	2,247	2,168	2,549	2,779	2,697
EBITDA-CapEx	1,348	1,259	2,002	2,264	2,405	1,629	2,474	2,359	2,457	2,289	2,247	2,168	2,549	2,779	2,697
Operating Income (Loss)	1,313	1,271	1,550	1,814	1,959	1,189	2,014	1,862	1,946	1,780	1,686	1,666	2,035	2,287	2,169

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.4	0.54	0.42	0.24	0.31	0.44	0.38	0.22	0.29	0.4	0.22	0.24	0.31	0.27	0.45
Current Ratio	1.81	1.73	1.74	1.32	1.43	1.55	1.66	1.36	1.41	1.41	1.42	1.52	1.47	1.31	1.62
Quick Ratio	1.16	1.17	1.08	0.82	0.89	1.06	1.13	0.87	0.92	0.96	0.89	0.94	0.91	0.87	1.13
CFO/Avg Current Liab	0.39	0.44	0.42	0.34	0.4	0.3	0.38	0.35	0.48	0.46	0.33	0.2	0.49	0.28	0.39
Common Equity/Total Assets	67.95	65.22	83.47	85.44	96.57	107.47	109.5	119.26	112.24	104.51	99.95	105.08	103.8	118.16	108.2
Long-Term Debt/Equity (%)	103.71	77.93	64.87	67.1	79.42	77.05	72.88	92.24	95.52	100.57	113.32	106.41	76.84	76.56	87.09
Long-Term Debt/Capital (%)	26.18	23.03	19.94	18.52	19.28	17.65	18.48	18.02	19.97	21.52	25.11	24.16	21.07	18.05	22.06
Long-Term Debt/Total Assets (%)	24.85	21.21	21.26	20.15	23.58	24.01	25	27.26	29.15	29.9	34.03	34.41	28.48	27.43	31.91
Total Debt/Equity (%)	106.85	92.78	65.53	76.24	84.97	89.85	73.1	106	108.16	113.6	116.46	113.8	82.25	91.86	97.52
Total Debt/Capital (%)	26.97	27.42	20.14	21.04	20.62	20.59	18.53	20.71	22.62	24.31	25.81	25.84	22.55	21.65	24.7
Total Debt/Total Assets (%)	25.6	25.26	21.47	22.89	25.22	28	25.07	31.32	33	33.78	34.97	36.81	30.48	32.91	35.73
CFO/Total Liabilities	13.13	15.46	16.79	12.45	15.78	12.44	14.43	13	16.9	15.5	10.46	6.86	17.7	11.39	13.86
CFO/CapEx	3.68	4.35	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	3.94	3.95	5.08	5.36	5.33	5.63	6.25	6.22	6.06	5.57	5.97	5.61	5.77	6.08	5.2

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	10.47	4.99	5.69	6.14	6.05	6.16	6.09	6.07	6.08	5.66	6.59	5.67	5.96	6.21	6.04
Days Sales Outstanding	34.85	73.08	64.19	59.41	60.35	59.23	59.98	60.11	60.05	64.52	55.38	64.41	61.19	58.73	60.47
Inventory Turnover	4.95	4.61	4.74	4.58	4.47	4.83	5.06	5.12	4.95	4.51	5.27	4.49	4.6	4.9	4.85
Days Inventory Outstanding	73.79	79.11	77.07	79.77	81.66	75.55	72.12	71.23	73.67	80.84	69.3	81.29	79.31	74.56	75.26
Accounts Payable Turnover	3.9	3.17	3.37	3.05	2.72	2.73	2.83	2.94	2.9	2.57	3.11	2.8	2.76	2.89	3.03
Accounts Payable Turnover Days	93.55	115.29	108.28	119.81	134.38	133.84	129.13	124.35	125.86	141.89	117.29	130.54	132.46	126.3	120.5
Cash Conversion Cycle	15.09	36.9	32.98	19.37	7.63	0.93	2.97	6.99	7.87	3.47	7.39	15.17	8.05	6.99	15.24
Inventory to Cash Days	-38.93	-6.03	-12.88	-20.36	-21.32	-16.32	-12.14	-11.11	-13.62	-16.32	-13.92	-16.87	-18.12	-15.83	-14.8
Inventories	1,607	1,687	1,824	1,825	1,659	1,514	1,730	1,783	1,710	1,735	2,171	2,272	1,934	1,846	1,996
Raw Materials	528	563	508	499	443	402	470	485	466	527	762	825	669	662	678
Work In Process	144	144	160	157	161	165	177	193	197	187	234	238	233	235	251
Finished Goods	935	980	1,156	1,169	1,055	947	1,083	1,105	1,047	1,021	1,175	1,209	1,032	949	1,067
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	13,135	20,764	27,197	31,969	26,820	25,168	29,918	24,934	31,624	34,151	40,972	29,687	35,294	27,927	23,187
- Cash & Cash Equivalents	1,457	1,306	1,116	686	1,311	1,820	1,436	902	1,216	1,826	1,005	1,099	1,493	1,270	2,163
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	197	259	266	85	86	87	115	102	119	126	125	117	191	177	156
+ Total Debt	3,682	4,010	3,406	4,014	4,307	4,416	4,146	5,016	5,844	6,606	7,466	7,635	6,599	6,395	7,896
Enterprise Value	15,532	22,640	29,124	34,885	29,758	27,808	32,688	29,089	36,314	38,961	47,491	36,285	40,516	33,141	29,020
Total Capital	13,651	14,624	16,913	19,081	20,883	21,452	22,370	24,218	25,838	27,170	28,932	29,549	29,259	29,535	31,963
Total Debt/Capital (%)	26.97	27.42	20.14	21.04	20.62	20.59	18.53	20.71	22.62	24.31	25.81	25.84	22.55	21.65	24.7
Total Debt / EV	0.24	0.18	0.12	0.12	0.14	0.16	0.13	0.17	0.16	0.17	0.16	0.21	0.16	0.19	0.27
EV/Sales	1.18	1.78	2.04	2.36	2.09	1.95	2.22	1.89	2.4	2.82	2.83	2.32	2.49	2.09	1.83
EV/EBITDA	8.94	13.56	14.55	15.41	12.37	17.07	13.21	12.33	14.78	17.02	21.14	16.74	15.89	11.93	10.76
EV/EBIT	11.83	17.81	18.79	19.23	15.19	23.39	16.23	15.62	18.66	21.89	28.17	21.78	19.91	14.49	13.38
EV/Cash Flow to Firm	9.7	11.55	14.96	20.74	14.95	19.29	19.92	18.64	16.65	17.4	28.64	33.27	15.61	20.72	13.64
EV/Free Cash Flow to Firm	7.8	9.55	14.96	20.74	14.95	19.29	19.92	18.64	16.65	17.4	28.64	33.27	15.61	20.72	13.64
Diluted Market Cap	13,302	20,994	27,520	32,316	27,037	25,339	30,116	25,087	31,797	34,310	41,282	29,838	35,473	28,059	23,269
Diluted Enterprise Value	15,724	23,957	30,076	35,729	30,119	28,022	32,941	29,303	36,544	39,216	47,868	36,491	40,770	33,361	29,158
EV per Share	49.37	73.79	101.55	126.12	109.65	104.7	127.64	119.27	153.29	164.53	199.88	153.69	171.68	141.75	128.24
TTM Sales	13,153	12,686	14,265	14,791	14,241	14,270	14,748	15,374	15,146	13,834	16,802	15,614	16,242	15,845	15,875
TTM EBITDA	1,738	1,670	2,002	2,264	2,405	1,629	2,474	2,359	2,457	2,289	2,247	2,168	2,549	2,779	2,697
TTM Operating Income	1,313	1,271	1,550	1,814	1,959	1,189	2,014	1,862	1,946	1,780	1,686	1,666	2,035	2,287	2,169
TTM Cash Flow to Firm	1,601	1,959	1,947	1,682	1,990	1,442	1,641	1,560	2,181	2,239	1,658	1,091	2,595	1,599	2,128
TTM Free Cash Flow to Firm	1,991	2,370	1,947	1,682	1,990	1,442	1,641	1,560	2,181	2,239	1,658	1,091	2,595	1,599	2,128

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	7.28	9.55	15.37	21.15	14.27	18.76	19.21	17.1	15.29	16.11	26.43	30.98	14.71	19.76	11.99
EV/EBIT	11.83	17.81	18.79	19.23	15.19	23.39	16.23	15.62	18.66	21.89	28.17	21.78	19.91	14.49	13.38
Enterprise Value	15,532	22,640	29,124	34,885	29,758	27,808	32,688	29,089	36,314	38,961	47,491	36,285	40,516	33,141	29,020
Low Price	33.22	41.64	64.1	85.78	82.93	88.37	94.57	94.37	96.82	69.77	132.1	107.06	120.33	118.07	90.24
EV/Sales	1.18	1.78	2.04	2.36	2.09	1.95	2.22	1.89	2.4	2.82	2.83	2.32	2.49	2.09	1.83
EV/EBITDA	8.94	13.56	14.55	15.41	12.37	17.07	13.21	12.33	14.78	17.02	21.14	16.74	15.89	11.93	10.76
Price/Earnings	12	22.07	8.42	15.21	19.08	28.83	18.77	18.59	25.44	32.25	28.47	28.93	27.79	25.02	14.71
Price/Earnings Average	12.13	17.31	6.97	13.16	20.81	31.05	17.33	19.72	22.08	25.94	26.27	29.69	25.29	27.52	15.6
Price/Earnings High	14.05	22.3	8.44	15.37	22.96	35.6	19.26	22.2	25.61	33.51	30.21	40.8	28.41	31.15	17.91
Price/Earnings Low	9.54	13.58	5.69	11.29	16.01	26.89	15.19	17.16	18.45	15.6	21.81	24.64	22.36	24.74	12.96
Price/Book Value	1.34	2.01	2.05	2.13	1.63	1.48	1.65	1.31	1.59	1.67	1.92	1.36	1.57	1.22	0.97
Price/Book Value Average	1.36	1.57	1.7	1.85	1.77	1.6	1.53	1.38	1.38	1.34	1.77	1.4	1.43	1.34	1.03
Price/Book Value High	1.57	2.03	2.06	2.16	1.96	1.83	1.69	1.56	1.6	1.74	2.04	1.92	1.61	1.51	1.18
Price/Book Value Low	1.07	1.23	1.39	1.58	1.36	1.38	1.34	1.21	1.15	0.81	1.47	1.16	1.26	1.2	0.85
Price/Tangible Book Value	-38.74	43.62	31.96	-33.76	-34.47	-39.33	-94.98	-19.03	-26.4	-20.85	-15.64	-16.65	-99.98	-42.97	-1,008.12
Price/Tangible Book Value Average	-39.18	34.21	26.44	-29.21	-37.6	-42.35	-87.68	-20.19	-22.91	-16.77	-14.43	-17.09	-90.98	-47.24	-1,069.04
Price/Tangible Book Value High	-45.39	44.08	32.03	-34.13	-41.49	-48.55	-97.44	-22.73	-26.57	-21.67	-16.59	-23.48	-102.22	-53.48	-1,227.33
Price/Tangible Book Value Low	-30.83	26.84	21.6	-25.05	-28.93	-36.67	-76.89	-17.57	-19.15	-10.09	-11.98	-14.18	-80.45	-42.47	-887.88
Price/Sales	1	1.64	1.91	2.16	1.88	1.76	2.03	1.62	2.09	2.47	2.44	1.9	2.17	1.76	1.46
Price/Sales Average	1.01	1.28	1.58	1.87	2.05	1.9	1.87	1.72	1.81	1.99	2.25	1.95	1.98	1.94	1.55
Price/Sales High	1.17	1.65	1.91	2.18	2.27	2.18	2.08	1.94	2.1	2.57	2.59	2.68	2.22	2.19	1.78
Price/Sales Low	0.79	1.01	1.29	1.6	1.58	1.64	1.64	1.5	1.51	1.19	1.87	1.62	1.75	1.74	1.29
Price/Cash Flow	9.15	11.62	15.19	20.92	14.15	18.63	19.08	17	15.2	16.03	26.23	30.83	14.64	19.67	11.95
Price/Cash Flow Average	9.25	9.11	12.57	18.1	15.44	20.06	17.61	18.03	13.2	12.9	24.2	31.64	13.32	21.62	12.67
Price/Cash Flow High	10.72	11.74	15.22	21.15	17.04	23	19.57	20.3	15.3	16.66	27.83	43.47	14.97	24.48	14.54
Price/Cash Flow Low	7.28	7.15	10.26	15.53	11.88	17.37	15.45	15.69	11.03	7.76	20.09	26.25	11.78	19.44	10.52
Price/Free Cash Flow Average	7.37	7.49	12.71	18.3	15.56	20.2	17.73	18.14	13.27	12.96	24.39	31.8	13.39	21.73	12.71
Price/Free Cash Flow High	8.53	9.65	15.4	21.38	17.17	23.16	19.7	20.42	15.39	16.74	28.04	43.69	15.04	24.6	14.59
Price/Free Cash Flow Low	5.8	5.88	10.39	15.7	11.97	17.49	15.55	15.79	11.09	7.79	20.25	26.38	11.84	19.53	10.56
EV/Sales Average	1.19	1.52	1.76	2.1	2.27	2.09	2.06	1.99	2.13	2.34	2.64	2.38	2.3	2.27	1.92
EV/Sales High	1.35	1.89	2.09	2.42	2.48	2.37	2.27	2.21	2.41	2.92	2.98	3.11	2.55	2.53	2.15
EV/Sales Low	0.98	1.24	1.47	1.83	1.8	1.83	1.83	1.77	1.83	1.55	2.26	2.04	2.07	2.08	1.66
EV/EBITDA Average	9.04	11.53	12.52	13.72	13.44	18.29	12.31	13	13.1	14.14	19.76	17.12	14.68	12.96	11.3
EV/EBITDA High	10.25	14.34	14.89	15.78	14.7	20.72	13.55	14.41	14.89	17.65	22.28	22.38	16.23	14.42	12.65
EV/EBITDA Low	7.41	9.42	10.46	11.99	10.64	16.06	10.93	11.54	11.27	9.36	16.9	14.73	13.22	11.84	9.76
EV/EBIT Average	11.96	15.14	16.17	17.13	16.51	25.05	15.12	16.47	16.54	18.19	26.33	22.28	18.38	15.75	14.05
EV/EBIT High	13.56	18.84	19.23	19.7	18.05	28.39	16.64	18.25	18.8	22.7	29.69	29.12	20.33	17.52	15.73
EV/EBIT Low	9.8	12.38	13.51	14.96	13.06	22	13.43	14.63	14.23	12.04	22.52	19.17	16.56	14.39	12.13
Last Price	41.75	67.68	94.83	115.58	98.82	94.76	116.82	102.23	133.49	144.22	172.44	125.74	149.55	119.45	102.46
High Price	48.91	68.39	95.04	116.84	118.95	117	119.85	122.07	134.36	149.88	182.97	177.32	152.89	148.68	124.74
Enterprise Value Average	15,704	19,248	25,060	31,071	32,335	29,787	30,445	30,664	32,194	32,374	44,390	37,119	37,412	36,009	30,477
Enterprise Value High	17,809	23,945	29,813	35,731	35,365	33,758	33,519	33,989	36,577	40,398	50,060	48,518	41,379	40,063	34,118
Enterprise Value Low	12,873	15,738	20,940	27,140	25,589	26,154	27,044	27,233	27,684	21,428	37,973	31,930	33,695	32,907	26,310

Shares Outstanding	304	307	277	272	267	257	251	236	236	237	236	235	235	230	223
Diluted Weighted Avg Shares	319	310	290	280	274	267	258	245	238	238	239	237	237	235	227
Basic Weighted Avg Shares	315	307	287	277	271	266	256	244	237	237	238	236	236	234	226
Revenue per Share	41.81	41.35	49.74	53.47	52.47	53.73	57.59	63.03	63.93	58.42	70.72	66.13	68.82	67.77	70.15
EBITDA per Share	5.52	5.44	6.98	8.19	8.86	6.13	9.66	9.67	10.37	9.67	9.46	9.18	10.8	11.89	11.92
Operating Income per Share	4.17	4.14	5.4	6.56	7.22	4.48	7.86	7.63	8.21	7.52	7.1	7.06	8.62	9.78	9.58
Basic EPS, GAAP	3.48	3.07	11.27	7.6	5.18	3.29	6.22	5.5	5.25	4.47	6.06	4.35	5.38	4.77	6.96
Basic EPS from Cont Ops	3.06	2.22	3.39	4.01	4.91	2.13	5.43	5.49	5.36	4.52	6.06	4.38	5.35	5.89	7.01
Diluted EPS, GAAP	3.44	3.03	11.13	7.52	5.14	3.26	6.18	5.46	5.22	4.45	6.01	4.32	5.35	4.75	6.94
Diluted EPS from Cont Ops	3.02	2.19	3.35	3.97	4.87	2.11	5.39	5.46	5.33	4.5	6.02	4.36	5.32	5.86	6.99
Dividend per Share	1.13	1.17	1.2	1.31	1.41	1.56	1.69	1.86	1.98	2.09	2.26	2.41	2.53	2.66	2.78
Cash Flow per Share	4.56	5.82	6.24	5.52	6.98	5.09	6.12	6.01	8.78	8.99	6.57	4.08	10.22	6.07	8.58
Free Cash Flow per Basic Share	3.32	4.49	6.24	5.52	6.98	5.09	6.12	6.01	8.78	8.99	6.57	4.08	10.22	6.07	8.58
Cash & Equivalents per Share	4.71	7.8	6.08	4.28	5.36	7.01	5.82	3.95	5.37	8.12	4.51	4.89	6.64	5.81	9.81
Book Value per Share	31.06	33.75	46.17	54.16	60.76	63.81	70.71	78.31	83.9	86.31	89.82	92.32	95.21	98.22	105.66
Tangible Book Value per Share	-1.08	1.55	2.97	-3.42	-2.87	-2.41	-1.23	-5.37	-5.06	-6.92	-11.03	-7.55	-1.5	-2.78	-0.1

PPG Industries, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)