Dover Corporation (DOV) vs PPG Industries, Inc. (PPG)
A side-by-side comparison of Dover Corporation and PPG Industries, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.
Different business models: DOV is classified in Industrials; PPG is classified in Basic Materials. Margin, capital intensity, and valuation differences should be interpreted in that sector context.
DOV
Dover Corporation
$189.00IndustrialsDelayed quote: Sep 14, 2026, 3:55 PM EDT
PPG
PPG Industries, Inc.
$105.27Basic MaterialsDelayed quote: Sep 14, 2026, 3:55 PM EDT
Total return — DOV vs PPG
growth of $100 · dividends reinvested · last 10yDOV +278.5% (+14.2%/yr)PPG +27.2% (+2.4%/yr)DOV compounded faster over this window
DOV PPG
DOV vs PPG: by the numbers
- •DOV is the larger company ($25.45B vs $23.40B market cap).
- •PPG trades at the lower trailing earnings multiple (15.08 vs 22.83 P/E), one valuation lens rather than an overall verdict.
- •DOV converts more revenue to profit (13.48% vs 9.57% net margin).
- •DOV grew revenue faster over the past five years (2.54% vs 0.93% CAGR).
- •PPG pays the higher dividend yield (2.72% vs 1.10%).
Metrics side by side
Valuation
| Metric | DOV | PPG |
|---|---|---|
| P/E ratio | 22.83 | 15.08 |
| Forward P/E | 17.67 | 13.32 |
| P/S ratio | 3.02 | 1.43 |
| P/B ratio | 3.30 | 2.77 |
| EV / EBITDA | 14.88 | 11.34 |
| FCF yield | 4.61% | 6.01% |
Profitability
| Metric | DOV | PPG |
|---|---|---|
| Gross margin | 39.58% | 40.09% |
| Operating margin | 16.87% | 12.48% |
| Net margin | 13.48% | 9.57% |
| ROE | 14.73% | 18.62% |
| ROIC | 9.56% | 8.84% |
Dividends
| Metric | DOV | PPG |
|---|---|---|
| Dividend yield | 1.10% | 2.72% |
| Payout ratio | 25.18% | 41.12% |
Growth (annualized)
| Metric | DOV | PPG |
|---|---|---|
| Revenue CAGR (5Y) | 2.54% | 0.93% |
| EPS CAGR (5Y) | 10.95% | 9.26% |
| FCF CAGR (5Y) | 2.55% | -7.12% |
| Total return CAGR (5Y) | 2.98% | -5.17% |
Frequently asked
- Which has the lower trailing P/E, DOV or PPG?
- PPG has the lower trailing P/E: DOV trades at 22.83 and PPG at 15.08. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, DOV or PPG?
- Over the past five years, DOV grew revenue faster — DOV at a 2.54% CAGR versus PPG at 0.93%.
- Does DOV or PPG pay a bigger dividend?
- DOV yields 1.10% and PPG yields 2.72% based on trailing dividends and the latest price.
- Is DOV or PPG more profitable?
- DOV runs the higher net margin — DOV at 13.48% versus PPG at 9.57%.
- How have DOV and PPG total returns compared?
- Over the past 10 years, DOV delivered 14.80% and PPG delivered 2.37% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Dover P/E ratioPPG Industries P/E ratioDover dividend yieldPPG Industries dividend yieldDover ROEPPG Industries ROEDover operating marginPPG Industries operating marginDover revenue growthPPG Industries revenue growthDover free cash flowPPG Industries free cash flow
Dover & PPG Industries appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 13, 2026.