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PPG Industries (PPG Industries) Cyclically Adjusted Price-to-FCF : 22.33 (As of Apr. 28, 2024)


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What is PPG Industries Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), PPG Industries's current share price is $130.16. PPG Industries's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $5.83. PPG Industries's Cyclically Adjusted Price-to-FCF for today is 22.33.

The historical rank and industry rank for PPG Industries's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

PPG' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 16.75   Med: 26.26   Max: 36.42
Current: 22.32

During the past years, PPG Industries's highest Cyclically Adjusted Price-to-FCF was 36.42. The lowest was 16.75. And the median was 26.26.

PPG's Cyclically Adjusted Price-to-FCF is ranked better than
52.99% of 568 companies
in the Chemicals industry
Industry Median: 23.915 vs PPG: 22.32

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

PPG Industries's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $-1.334. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $5.83 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


PPG Industries Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for PPG Industries's Cyclically Adjusted Price-to-FCF 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.

* Premium members only.

PPG Industries Cyclically Adjusted Price-to-FCF Chart

PPG Industries Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.04 27.58 30.43 22.41 24.96

PPG Industries Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.20 25.70 22.28 24.96 24.85

Competitive Comparison of PPG Industries's Cyclically Adjusted Price-to-FCF

For the Specialty Chemicals subindustry, PPG Industries's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, PPG Industries's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where PPG Industries's Cyclically Adjusted Price-to-FCF falls into.



PPG Industries Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

PPG Industries's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=130.16/5.83
=22.33

* 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's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, PPG Industries's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-1.334/129.4194*129.4194
=-1.334

Current CPI (Mar. 2024) = 129.4194.

PPG Industries Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.389 100.560 0.501
201409 1.825 100.428 2.352
201412 1.026 99.070 1.340
201503 -1.818 99.621 -2.362
201506 1.911 100.684 2.456
201509 2.563 100.392 3.304
201512 2.732 99.792 3.543
201603 0.033 100.470 0.043
201606 -0.589 101.688 -0.750
201609 2.576 101.861 3.273
201612 1.647 101.863 2.093
201703 -0.208 102.862 -0.262
201706 1.413 103.349 1.769
201709 1.991 104.136 2.474
201712 1.496 104.011 1.861
201803 -1.205 105.290 -1.481
201806 1.282 106.317 1.561
201809 1.757 106.507 2.135
201812 2.566 105.998 3.133
201903 -0.475 107.251 -0.573
201906 1.939 108.070 2.322
201909 2.927 108.329 3.497
201912 2.603 108.420 3.107
202003 -0.825 108.902 -0.980
202006 1.793 108.767 2.133
202009 3.211 109.815 3.784
202012 3.488 109.897 4.108
202103 -0.431 111.754 -0.499
202106 2.260 114.631 2.552
202109 1.864 115.734 2.084
202112 1.276 117.630 1.404
202203 -2.091 121.301 -2.231
202206 0.412 125.017 0.427
202209 1.724 125.227 1.782
202212 1.846 125.222 1.908
202303 -0.148 127.348 -0.150
202306 1.745 128.729 1.754
202309 3.171 129.860 3.160
202312 3.078 129.419 3.078
202403 -1.334 129.419 -1.334

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


PPG Industries  (NYSE:PPG) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


PPG Industries Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of PPG Industries's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


PPG Industries (PPG Industries) Business Description

Industry
Traded in Other Exchanges
Address
One PPG Place, Pittsburgh, PA, USA, 15272
PPG is a global producer of coatings. The company is the world's largest producer of coatings after the purchase of selected Akzo Nobel assets. PPG's products are sold to a wide variety of end users, including the automotive, aerospace, construction, and industrial markets. The company has a footprint in many regions around the globe, with less than half of sales coming from North America in recent years. PPG is focused on its coatings and specialty products and expansion into emerging regions, as exemplified by the Comex acquisition.
Executives
Iii Chris Roberts director 1716 LOCUST ST. LS-175, 7TH FLOOR, DES MOINES IA 50309
Vincent J Morales officer: Senior VP & CFO PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Michael H Mcgarry officer: Senior Vice President PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Chancey E. Hagerty officer: Sr. VP, Auto. Refinish Ctgs. PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Karl Henrik Bergstrom officer: Sr.VP, Arch Ctgs LA, EMEA, AP PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Kevin D. Braun officer: Sr. VP, Industrial Coatings PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Anne M. Foulkes officer: Sr. VP, Gen. Counsel & Secrtry PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Rebecca B. Liebert officer: Sr. VP, Automotive Coatings PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Brian Richard Williams officer: Acting Controller ONE PPG PLACE, PITTSBURGH PA 15272
Timothy M Knavish officer: Sr. VP, Automotive Coatings PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Guillermo Novo director AIR PRODUCTS AND CHEMICALS, INC., 7201 HAMILTON BOULEVARD, ALLENTOWN PA 18195
Michael Nally director 2000 GALLOPING HILL ROAD, KENILWORTH NJ 07033
William E Schaupp officer: Assistant Controller (PAO) PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Kathleen Ligocki director 3296 PINE LAKE ROAD, WEST BLOOMFIELD MI 48324
Vadlamannati Ramaprasad officer: Sr. VP, Protect. & Marine Ctgs PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272

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