PPG Industries Inc (PPG) - Net Assets
Based on the latest financial reports, PPG Industries Inc (PPG) has net assets worth $-3.54 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($7.96 Billion) and total liabilities ($11.50 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check financial resilience of PPG Industries Inc to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-3.54 Billion |
| % of Total Assets | -44.52% |
| Annual Growth Rate | N/A |
| 5-Year Change | -155.26% |
| 10-Year Change | -172.09% |
| Growth Volatility | 27.31 |
PPG Industries Inc - Net Assets Trend (1985–2025)
This chart illustrates how PPG Industries Inc's net assets have evolved over time, based on quarterly financial data. Also explore PPG Industries Inc balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for PPG Industries Inc (1985–2025)
The table below shows the annual net assets of PPG Industries Inc from 1985 to 2025. For live valuation and market cap data, see PPG Industries Inc market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $-3.54 Billion | -150.89% |
| 2024-12-31 | $6.96 Billion | -13.22% |
| 2023-12-31 | $8.02 Billion | +19.59% |
| 2022-12-31 | $6.71 Billion | +4.65% |
| 2021-12-31 | $6.41 Billion | +10.25% |
| 2020-12-31 | $5.82 Billion | +7.63% |
| 2019-12-31 | $5.40 Billion | +14.18% |
| 2018-12-31 | $4.73 Billion | -16.57% |
| 2017-12-31 | $5.67 Billion | +15.40% |
| 2016-12-31 | $4.92 Billion | -3.04% |
| 2015-12-31 | $5.07 Billion | -3.72% |
| 2014-12-31 | $5.26 Billion | +1.29% |
| 2013-12-31 | $5.20 Billion | +20.27% |
| 2012-12-31 | $4.32 Billion | +25.42% |
| 2011-12-31 | $3.45 Billion | -10.10% |
| 2010-12-31 | $3.83 Billion | -2.27% |
| 2009-12-31 | $3.92 Billion | +12.41% |
| 2008-12-31 | $3.49 Billion | -15.95% |
| 2007-12-31 | $4.15 Billion | +22.05% |
| 2006-12-31 | $3.40 Billion | +7.59% |
| 2005-12-31 | $3.16 Billion | -13.82% |
| 2004-12-31 | $3.67 Billion | +20.34% |
| 2003-12-31 | $3.05 Billion | +33.63% |
| 2002-12-31 | $2.28 Billion | -28.76% |
| 2001-12-31 | $3.20 Billion | -0.71% |
| 2000-12-31 | $3.23 Billion | +0.66% |
| 1999-12-31 | $3.20 Billion | +7.99% |
| 1998-12-31 | $2.97 Billion | +14.51% |
| 1997-12-31 | $2.59 Billion | +1.25% |
| 1996-12-31 | $2.56 Billion | -2.96% |
| 1995-12-31 | $2.64 Billion | +0.37% |
| 1994-12-31 | $2.63 Billion | +4.05% |
| 1993-12-31 | $2.52 Billion | -8.49% |
| 1992-12-31 | $2.76 Billion | +1.07% |
| 1991-12-31 | $2.73 Billion | +4.36% |
| 1990-12-31 | $2.62 Billion | +11.49% |
| 1989-12-31 | $2.35 Billion | +4.59% |
| 1988-12-31 | $2.24 Billion | +9.78% |
| 1987-12-31 | $2.04 Billion | +3.32% |
| 1986-12-31 | $1.98 Billion | +15.98% |
| 1985-12-31 | $1.71 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to PPG Industries Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Total Equity | $-3.54 Billion | 100.00% |
PPG Industries Inc Competitors by Market Cap
The table below lists competitors of PPG Industries Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Citizens Financial Group, Inc.
NYSE:CFG
|
$25.04 Billion |
|
Amerize Inc.
SW:AMRZ
|
$25.10 Billion |
|
STMicroelectronics N.V.
PA:STMPA
|
$25.15 Billion |
|
Shanxi Xinghuacun Fen Wine Factory Co Ltd
SHG:600809
|
$25.16 Billion |
|
Novonesis (Novozymes) A/S
CO:NSIS-B
|
$25.01 Billion |
|
Teva Pharmaceutical Industries Limited
F:TEV
|
$24.98 Billion |
|
Cincinnati Financial Corporation
NASDAQ:CINF
|
$24.98 Billion |
|
AvalonBay Communities Inc
NYSE:AVB
|
$24.95 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PPG Industries Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 6,785,000,000 to -3,543,000,000, a change of -10,328,000,000 (-152.2%).
- Net income of 1,576,000,000 contributed positively to equity growth.
- Dividend payments of 628,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 3,108,000,000.
- Other factors decreased equity by 14,384,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.58 Billion | +44.48% |
| Dividends Paid | $628.00 Million | -17.73% |
| Other Comprehensive Income | $3.11 Billion | +87.72% |
| Other Changes | $-14.38 Billion | -405.98% |
| Total Change | $- | -152.22% |
Book Value vs Market Value Analysis
This analysis compares PPG Industries Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $3.21 | $111.53 | x |
| 1986-12-31 | $4.16 | $111.53 | x |
| 1987-12-31 | $4.34 | $111.53 | x |
| 1988-12-31 | $5.09 | $111.53 | x |
| 1989-12-31 | $5.10 | $111.53 | x |
| 1990-12-31 | $5.93 | $111.53 | x |
| 1991-12-31 | $6.19 | $111.53 | x |
| 1992-12-31 | $6.34 | $111.53 | x |
| 1993-12-31 | $5.57 | $111.53 | x |
| 1994-12-31 | $5.96 | $111.53 | x |
| 1995-12-31 | $6.32 | $111.53 | x |
| 1996-12-31 | $6.55 | $111.53 | x |
| 1997-12-31 | $6.92 | $111.53 | x |
| 1998-12-31 | $8.05 | $111.53 | x |
| 1999-12-31 | $8.83 | $111.53 | x |
| 2000-12-31 | $8.92 | $111.53 | x |
| 2001-12-31 | $9.11 | $111.53 | x |
| 2002-12-31 | $6.39 | $111.53 | x |
| 2003-12-31 | $8.51 | $111.53 | x |
| 2004-12-31 | $10.33 | $111.53 | x |
| 2005-12-31 | $8.94 | $111.53 | x |
| 2006-12-31 | $9.71 | $111.53 | x |
| 2007-12-31 | $12.62 | $111.53 | x |
| 2008-12-31 | $10.07 | $111.53 | x |
| 2009-12-31 | $11.34 | $111.53 | x |
| 2010-12-31 | $-1.85 | $111.53 | x |
| 2011-12-31 | $10.20 | $111.53 | x |
| 2012-12-31 | $13.10 | $111.53 | x |
| 2013-12-31 | $17.00 | $111.53 | x |
| 2014-12-31 | $18.53 | $111.53 | x |
| 2015-12-31 | $18.21 | $111.53 | x |
| 2016-12-31 | $18.05 | $111.53 | x |
| 2017-12-31 | $21.56 | $111.53 | x |
| 2018-12-31 | $18.87 | $111.53 | x |
| 2019-12-31 | $22.18 | $111.53 | x |
| 2020-12-31 | $23.91 | $111.53 | x |
| 2021-12-31 | $26.26 | $111.53 | x |
| 2022-12-31 | $27.78 | $111.53 | x |
| 2023-12-31 | $33.02 | $111.53 | x |
| 2024-12-31 | $28.88 | $111.53 | x |
| 2025-12-31 | $-15.60 | $111.53 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PPG Industries Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.93%
- • Asset Turnover: 1.99x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is below the historical average (19.98%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 17.75% | 6.97% | 1.06x | 2.39x | $132.17 Million |
| 1986 | 16.00% | 6.75% | 1.01x | 2.35x | $118.62 Million |
| 1987 | 18.45% | 7.28% | 1.04x | 2.44x | $172.75 Million |
| 1988 | 20.84% | 8.29% | 1.09x | 2.30x | $243.26 Million |
| 1989 | 20.38% | 8.11% | 1.02x | 2.47x | $236.97 Million |
| 1990 | 18.65% | 7.89% | 0.99x | 2.40x | $220.15 Million |
| 1991 | 7.59% | 3.55% | 0.94x | 2.28x | $-64.05 Million |
| 1992 | 11.83% | 5.49% | 1.03x | 2.10x | $49.51 Million |
| 1993 | 0.90% | 0.39% | 1.02x | 2.29x | $-225.11 Million |
| 1994 | 20.13% | 8.13% | 1.07x | 2.31x | $258.90 Million |
| 1995 | 29.89% | 10.88% | 1.14x | 2.41x | $511.08 Million |
| 1996 | 29.97% | 10.31% | 1.12x | 2.59x | $495.74 Million |
| 1997 | 28.46% | 9.68% | 1.07x | 2.74x | $463.10 Million |
| 1998 | 27.81% | 10.33% | 1.05x | 2.56x | $513.00 Million |
| 1999 | 18.29% | 7.10% | 0.90x | 2.87x | $257.40 Million |
| 2000 | 20.02% | 7.19% | 0.95x | 2.95x | $310.30 Million |
| 2001 | 12.56% | 4.74% | 0.97x | 2.74x | $79.00 Million |
| 2002 | -3.21% | -0.86% | 1.03x | 3.66x | $-284.00 Million |
| 2003 | 16.97% | 5.64% | 1.04x | 2.89x | $202.90 Million |
| 2004 | 19.12% | 7.18% | 1.07x | 2.50x | $325.80 Million |
| 2005 | 19.52% | 6.60% | 1.04x | 2.84x | $290.70 Million |
| 2006 | 21.99% | 7.21% | 0.98x | 3.11x | $387.60 Million |
| 2007 | 20.09% | 6.82% | 0.97x | 3.04x | $418.90 Million |
| 2008 | 16.14% | 3.39% | 1.08x | 4.41x | $204.70 Million |
| 2009 | 8.95% | 2.75% | 0.86x | 3.79x | $-39.30 Million |
| 2010 | 0.00% | 5.73% | 0.90x | 0.00x | $830.00 Million |
| 2011 | 33.70% | 8.33% | 0.91x | 4.43x | $770.10 Million |
| 2012 | 23.16% | 7.42% | 0.80x | 3.91x | $534.70 Million |
| 2013 | 65.51% | 22.65% | 0.90x | 3.22x | $2.74 Billion |
| 2014 | 40.58% | 14.21% | 0.84x | 3.39x | $1.58 Billion |
| 2015 | 28.22% | 9.87% | 0.83x | 3.43x | $907.70 Million |
| 2016 | 18.09% | 6.12% | 0.90x | 3.27x | $390.40 Million |
| 2017 | 28.68% | 10.81% | 0.89x | 2.98x | $1.04 Billion |
| 2018 | 28.96% | 8.72% | 0.96x | 3.46x | $878.00 Million |
| 2019 | 23.52% | 8.21% | 0.86x | 3.35x | $714.60 Million |
| 2020 | 18.61% | 7.66% | 0.71x | 3.44x | $490.10 Million |
| 2021 | 22.89% | 8.56% | 0.79x | 3.40x | $810.40 Million |
| 2022 | 15.56% | 6.57% | 0.75x | 3.15x | $366.80 Million |
| 2023 | 16.22% | 7.82% | 0.75x | 2.76x | $486.80 Million |
| 2024 | 16.45% | 7.04% | 0.82x | 2.86x | $437.50 Million |
| 2025 | 0.00% | 9.93% | 1.99x | 0.00x | $1.93 Billion |
Industry Comparison
This section compares PPG Industries Inc's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $1,483,598,555
- Average return on equity (ROE) among peers: 2.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PPG Industries Inc (PPG) | $-3.54 Billion | 17.75% | N/A | $25.03 Billion |
| Albemarle Corp (ALB) | $5.81 Billion | 2.13% | 0.89x | $19.80 Billion |
| Alto Ingredients Inc (ALTO) | $4.98 Million | -32.65% | 0.10x | $212.84 Million |
| Aemetis Inc (AMTX) | $-201.85 Million | 0.00% | 0.00x | $154.69 Million |
| Air Products and Chemicals Inc (APD) | $2.10 Billion | 12.92% | 1.14x | $62.29 Billion |
| Ashland Global Holdings Inc (ASH) | $2.71 Billion | 13.97% | 1.77x | $2.50 Billion |
| Avient Corp (AVNT) | $2.34 Billion | 3.24% | 1.55x | $3.16 Billion |
| Axalta Coating Systems Ltd (AXTA) | $1.14 Billion | 8.03% | 4.13x | $6.08 Billion |
| Balchem Corporation (BCPC) | $938.28 Million | 11.23% | 0.73x | $5.17 Billion |
| BioNexus Gene Lab Corp Common stock (BGLC) | $1.52 Million | 1.74% | 0.09x | $4.73 Million |
| Bon Natural Life Ltd (BON) | $4.55 Million | 4.91% | 2.66x | $7.17 Million |
About PPG Industries Inc
PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through three segments: Global Architectural Coatings, Performance Coatings, and Industrial Coatings. The Global Architectural Coatings segment offers paints, wood stains, adhesives, sealants, an… Read more