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Norsk Hydro A vs PPG Industries: Which Stock Looks Stronger in 2026?

PPG Industries holds the cleaner structural position, with the lead spread across growth and valuation. Norsk Hydro ASA still has the edge on stability, which keeps the comparison from looking entirely one-sided. In the market, Norsk Hydro ASA carries the stronger setup — intact trend against PPG Industries's broken trend. That leaves a split case: the structural lead stays with PPG Industries, but the market is not currently confirming it.

The comparison is based on similar long-term financial trajectories, not sector labels. Peer scores are normalised within each company's primary universe (NHY.OL: STOXX 600, PPG: Russell 1000).

Updated 2026-05-17

The lead is spread across growth and valuation, rather than sitting in one isolated gap. PPG Industries, Inc. leads by 28 points on the overall comparison score.

Trajectory Similarity
0.74
Similar
Peer-set rank: #4
within Norsk Hydro ASA's functional peer set

These two companies are linked by measured long-term financial trajectory similarity within the selected peer universe.

A solid similarity means the pair shares a clearly comparable long-term financial profile, even if individual dimensions still differ.

The clearest structural overlap shows up in revenue growth trajectory and margin consistency.

Similarity drivers
revenue growth trajectorymargin consistency
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
NHY.OL
Norsk Hydro ASA
37
Peer-Score
Signal qualityMedium
Peer basis: STOXX 600
vs
PPG
PPG Industries, Inc.
65
Peer-Score
Signal qualityMedium
Peer basis: Russell 1000

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

Score differences across key dimensions.

Dimension spread: NHY.OL vs PPG Profitability 34 61 Stability 66 35 Valuation 39 88 Growth 8 65 NHY.OL PPG
Gap Ranking
#1 Growth +57
#2 Valuation +49
#3 Stability +31
#4 Profitability +27
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for NHY.OL and PPG Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer NHY.OLPPG Relative valuation Structural strength

PPG Industries, Inc. looks stronger on relative valuation, while the broader price setup remains mixed.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where NHY.OL and PPG each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY NHY.OL Elevated · above norm 0th 50th 100th 89 pct gap PPG Lower · below norm 0th 50th 100th 99th 10th
Today PPG sits in the lower portion of its own 5-year history (10th percentile), while NHY.OL sits higher in its own history (99th). Within each stock's own 5-year context, PPG is at a historically more favourable entry position than NHY.OL. This reflects entry timing, not which company is structurally stronger — peer-relative analysis is a separate question addressed above.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Growth
On growth, PPG Industries, Inc. ranks near the top of the group; Norsk Hydro ASA sits in the weaker half.
Valuation
The same broad pattern appears on valuation: PPG Industries, Inc. ranks near the top of the group, while Norsk Hydro ASA stays in the weaker half.
Growth — Dominant Gap
NHY.OL
8
PPG
65
Gap+57in favour of PPG

One company is still expanding while the other is contracting, which creates a very wide growth split.

What keeps the gap from being one-sided

Stability still leans toward Norsk Hydro ASA, so the lead is real without reading as one-way.

What this means for the comparison

The lead is built on both growth and valuation — though stability still provides a counterweight.

Explore full peer positioning in AssetNext

Break down the NHY.OL vs PPG comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Other comparisons with conflicting dimension signals

Explore how NHY.OL and PPG each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.