PPG vs MKSI vs DOW Stock Comparison

Ppg Industries, Mks and Dow Prices as of Oct 26, 2026 Peers: Industry group
PPG Ppg Industries Inc
$109.88 +2.2% 1M +6.2% 1Y
Market cap
$25.03B
P/E
15.9x
Revenue (TTM)
$16.42B
Div. yield
0.03%
Paints and Coatings Basic Materials
7 wins
MKSI Mks Inc
$202.28 -22.4% 1M +41.5% 1Y
Market cap
$14.25B
P/E
32.4x
Revenue (TTM)
$4.35B
Div. yield
0.00%
Semiconductor Equipment Technology
4 wins
DOW Dow Inc.
$33.99 +21.3% 1M +37.0% 1Y
Market cap
$24.49B
P/E
–
Revenue (TTM)
$42.61B
Div. yield
0.04%
Commodity Chemicals Basic Materials
1 win

Head to Head

12 decided of 12

Ppg Industries leads on 7 of the 12 questions below (Ppg Industries 7, Mks 4, Dow 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionPPGMKSIDOWLeader
Larger companyMarket capitalisation $25.03B $14.25B $24.49B PPG
Cheaper on earningsLower P/E, profitable companies only 15.9x 32.4x -27.3x PPG
Cheaper on forward earningsLower price / next fiscal year consensus EPS 13.4x 15.0x 13.5x PPG
Faster revenue growthRevenue growth, trailing twelve months +5.0% +16.3% +4.2% MKSI
More profitableNet margin, trailing twelve months 9.6% 10.1% -2.1% MKSI
Better return on capitalReturn on invested capital 10.9% 8.9% 2.0% PPG
Less leveragedLower net debt / EBITDA 1.9x 3.2x 3.9x PPG
Higher dividend yieldTrailing dividend yield 0.03% 0.00% 0.04% DOW
Better 1-year returnPrice return, last 12 months +6.2% +41.5% +37.0% MKSI
Better 5-year returnAnnualised price return, 5 years -7.4%/yr +7.2%/yr -9.5%/yr MKSI
Less volatileAnnualised volatility, 1 year 30.6% 61.8% 41.8% PPG
Higher overall scoreMean of the five percentile scores vs peers 68/100 55/100 52/100 PPG

Percentile Scorecard

PPGMKSIDOW

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisPPGMKSIDOW
Valuation 66 #33 of 94 77 #23 of 95 81 #19 of 94
Growth 74 #25 of 92 72 #27 of 93 60 #37 of 92
Profitability 86 #13 of 89 63 #34 of 91 47 #48 of 89
Financial Health 47 #52 of 97 1 #100 of 101 32 #66 of 97
Shareholder Returns 68 #23 of 70 62 #29 of 75 39 #43 of 70
Overall 68 55 52
  • PPG ranked among 99 companies in Chemicals
  • MKSI ranked among 104 companies in Semiconductors
  • DOW ranked among 99 companies in Chemicals

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodPPGMKSIDOWSPY
1 month +2.2%-22.4%+21.3% -0.8%
3 months -7.2%-35.9%+18.2% +3.5%
6 months -0.4%-27.3%-10.8% +7.0%
Year to date +7.2%+26.6%+45.4% +12.2%
1 year +6.2%+41.5%+37.0% +13.0%
3 years -9.0%+201.1%-29.3% +86.3%
3 years, per year -3.1%+44.4%-10.9% +23.1%
5 years -32.0%+41.6%-39.3% +68.6%
5 years, per year -7.4%+7.2%-9.5% +11.0%
10 years +18.8%+314.1%— +258.0%
10 years, per year +1.7%+15.3%— +13.6%

Risk

MeasurePPGMKSIDOWSPY
Volatility, 1Y 30.6%61.8%41.8% 12.7%
Downside volatility, 1Y 31.3%66.0%38.1% 12.7%
Beta vs S&P 500, 1Y 1.042.81-0.33 1.00
Return / volatility, 1Y 0.200.670.88 1.02
Max drawdown, 5Y -47.0%-67.5%-70.8% -25.4%
From 52-week high -16.5%-54.5%-18.8% -1.8%
52-week high $131.56$444.80$41.87 $779.14
52-week low $94.34$137.20$20.95 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultiplePPGMKSIDOW
P/E now vs peer median 15.6xmedian 21.6x 31.1xmedian 42.1x -27.5xmedian 21.6x
P/S now vs peer median 1.5xmedian 1.4x 3.1xmedian 7.1x 0.6xmedian 1.4x
EV/EBITDA now vs peer median 11.0xmedian 12.4x 16.3xmedian 27.5x 10.9xmedian 12.4x
P/FCF now vs peer median 17.4xmedian 15.8x 30.1xmedian 37.2x 11.6xmedian 15.8x
P/B now vs peer median 2.8xmedian 1.6x 4.6xmedian 4.2x 1.4xmedian 1.6x
PEG now vs peer median 1.94median 1.66 1.01median 2.23 0.71median 1.66

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsPPGMKSIDOW
Revenue $16.42B $4.35B $42.61B
Gross profit $6.72B $2.04B $4.73B
Operating income $2.18B $681.00M $720.00M
Net income $1.57B $439.00M -$595.00M
Free cash flow $1.41B $455.00M $2.11B
R&D $458.00M $310.00M $741.00M
EPS (diluted) $7.02 $6.05 $-1.23
Cash & equivalents $1.52B $611.00M $4.14B
Total debt $6.89B $3.94B $17.54B
Shares (diluted) 223.90M 72.70M 727.40M
Enterprise value $17.68B $11.70B $8.45B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricPPGMKSIDOW
P/E 15.6x 31.1x -27.5x
P/FCF 17.4x 30.1x 11.6x
P/Operating cash flow 11.3x 21.5x 5.4x
P/S 1.5x 3.1x 0.6x
P/B 2.8x 4.6x 1.4x
P/Tangible book 3.7x 14.1x 1.5x
EV/EBITDA 11.0x 16.3x 10.9x
EV/EBIT 13.7x 25.0x 52.8x
EV/Revenue 1.8x 3.9x 0.9x
EV/FCF 21.1x 37.4x 18.0x
EV/Operating cash flow 13.7x 26.8x 8.3x
PEG (3Y EPS CAGR) 1.94 1.01 0.71

Growth

14 metrics
MetricPPGMKSIDOW
Revenue growth (1Y) 5.0% 16.3% 4.2%
Revenue CAGR (3Y) 1.2% 4.2% -2.4%
Gross profit growth (1Y) 3.8% 15.4% 62.1%
Gross profit CAGR (3Y) 3.4% 6.7% -2.5%
Operating income growth (1Y) 1.6% 33.5% 685.4%
Operating income CAGR (3Y) 3.1% 35.4% -30.9%
Net income growth (1Y) 56.2% 64.4% 40.6%
Net income CAGR (3Y) 5.5% 31.0% -34.3%
EPS growth (1Y) 58.1% 52.8% 21.6%
EPS CAGR (3Y) 8.0% 30.7% -38.7%
Operating cash flow growth (1Y) 50.0% -1.6% 190.9%
Operating cash flow CAGR (3Y) 7.2% 20.7% -6.5%
Free cash flow growth (1Y) 85.4% -13.3% 279.8%
Free cash flow CAGR (3Y) 2.9% 22.9% -13.8%

Profitability

14 metrics
MetricPPGMKSIDOW
Gross margin 40.9% 47.0% 11.1%
EBITDA margin 16.5% 24.0% 8.2%
Operating margin 13.3% 15.7% 1.7%
Pretax margin 12.4% 11.2% -1.0%
Net margin 9.6% 10.1% -2.1%
FCF margin 8.6% 10.5% 5.0%
Operating cash flow margin 13.2% 14.6% 10.8%
Return on equity 18.8% 15.2% -3.4%
Return on assets 7.1% 5.0% -1.0%
Return on invested capital 10.9% 8.9% 2.0%
Return on capital employed 12.7% 10.6% 1.4%
Asset turnover 0.7x 0.5x 0.7x
Cash conversion (OCF / net income) 1.4x 1.4x -7.7x
Stock comp / revenue 0.2% 1.3% –

Financial Health

11 metrics
MetricPPGMKSIDOW
Debt / assets 30.6% 44.1% 28.8%
Debt / equity 0.8x 1.3x 1.0x
Net debt / EBITDA 1.9x 3.2x 3.9x
Debt / FCF 4.9x 8.7x 8.3x
Liabilities / assets 61.9% 66.6% 71.1%
Equity / assets 38.1% 33.4% 28.9%
Interest coverage 8.5x 3.7x 0.8x
Current ratio 1.6x 1.1x 1.8x
Quick ratio 1.1x 0.6x 1.0x
Cash ratio 0.3x 0.3x 0.4x
Altman Z-score 3.72 2.31 1.63

Shareholder Returns

7 metrics
MetricPPGMKSIDOW
Dividend yield 2.6% 0.5% 4.1%
Net buyback yield 1.7% – –
Shareholder yield 4.4% 0.5% 4.1%
Payout ratio (earnings) 40.2% 14.4% -169.6%
Payout ratio (FCF) 44.8% 13.8% 47.7%
Dividend growth (1Y) 1.9% 6.8% -41.7%
Dividend CAGR (3Y) 3.0% 3.4% -20.1%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusPPGMKSIDOW
Forward P/E 13.4xFY2026 15.0xFY2026 13.5xFY2026
EPS, next fiscal year $8.18FY2026 $13.48FY2026 $2.52FY2026
EPS growth, next FY +7.9%FY2026 +71.1%FY2026 –
EPS growth, the year after +10.6% +34.6% -36.1%
Revenue, next fiscal year $17.59BFY2026 $5.43BFY2026 $41.04BFY2026
Revenue growth, next FY +10.7%FY2026 +38.1%FY2026 +2.7%FY2026
Revenue growth, the year after -6.7% +7.8% +9.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersPPGMKSIDOW
Held by institutions 90.3% 100.0% 77.8%
Institutions holding 1,095 775 1,208
Change in shares held, QoQ +0.1% +2.8% +9.9%
Institutions buying 519 455 548
Institutions selling 356 252 451
Buyers to sellers 1.46 1.81 1.22

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

PPGMKSIDOW
PPG 1.00 0.22 -0.08
MKSI 0.22 1.00 -0.17
DOW -0.08 -0.17 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, PPG, MKSI and DOW?

Ppg Industries (PPG) is the largest by market capitalisation: Ppg Industries (PPG) $25.03B, Mks (MKSI) $14.25B, Dow (DOW) $24.49B.

Which stock is cheaper, PPG, MKSI and DOW?

Ppg Industries (PPG) trades on the lowest price-to-earnings ratio (Ppg Industries (PPG) 15.9x, Mks (MKSI) 32.4x, Dow (DOW) -27.3x). On next year's consensus earnings, Ppg Industries (PPG) is cheapest (Ppg Industries (PPG) 13.4x, Mks (MKSI) 15.0x, Dow (DOW) 13.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Mks (MKSI) grew revenue fastest over the trailing twelve months: Ppg Industries (PPG) +5.0%, Mks (MKSI) +16.3%, Dow (DOW) +4.2%.

Which company is more profitable?

Mks (MKSI) has the highest net margin (Ppg Industries (PPG) 9.6%, Mks (MKSI) 10.1%, Dow (DOW) -2.1%). On return on invested capital, Ppg Industries (PPG) leads (Ppg Industries (PPG) 10.9%, Mks (MKSI) 8.9%, Dow (DOW) 2.0%).

Which stock has performed better?

Over the past year Mks (MKSI) returned the most: Ppg Industries (PPG) +6.2%, Mks (MKSI) +41.5%, Dow (DOW) +37.0%. Over five years, Mks (MKSI) compounded fastest (Ppg Industries (PPG) -7.4%/yr, Mks (MKSI) +7.2%/yr, Dow (DOW) -9.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Dow (DOW) has the highest dividend yield: Ppg Industries (PPG) 0.03%, Mks (MKSI) 0.00%, Dow (DOW) 0.04%.

Which stock is riskier?

By one-year price volatility, Ppg Industries (PPG) has been the steadiest (Ppg Industries (PPG) 30.6%, Mks (MKSI) 61.8%, Dow (DOW) 41.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, PPG, MKSI and DOW?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Ppg Industries (PPG) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.