James Hardie Industries plc (JHX) Financial Ratios
25 years of historical data (2001–2025) · Basic Materials · Construction Materials
EV/EBITDA
↓
14.98
↓-11% vs avg
5yr avg: 16.83
30Y Low6.6·High73.5
P/FCF
↑
32.64
↓-77% vs avg
5yr avg: 140.78
30Y Low6.4·High96.1
P/B Ratio
↓
4.28
↓-50% vs avg
5yr avg: 8.64
30Y Low2.2·High33.1
ROE
↓
21.1%
↑-29% vs avg
5yr avg: 29.7%
30Y Low-255%·High478%
Debt/EBITDA
↓
1.38
+6% vs avg
5yr avg: 1.31
30Y Low0.1·High13.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
JHX Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
James Hardie Industries plc trades at 21.9x earnings, 31% below its 5-year average of 31.8x, sitting at the 43rd percentile of its historical range. This is roughly in line with the Basic Materials sector median P/E of 22.9x. On a free-cash-flow basis, the stock trades at 32.6x P/FCF, 77% below the 5-year average of 140.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $12.4B | $10.2B | $17.8B | $9.6B | $13.4B | $13.6B | $5.3B | $5.7B | $7.9B | $7.0B | $6.1B |
| Enterprise Value | $13.1B | $10.8B | $18.6B | $10.7B | $14.3B | $14.3B | $6.6B | $7.0B | $8.5B | $7.6B | $6.5B |
| P/E Ratio → | 21.86 | 24.04 | 34.88 | 18.83 | 29.27 | 51.83 | 22.19 | 24.75 | 54.18 | 25.48 | 24.78 |
| P/S Ratio | 3.20 | 2.63 | 4.52 | 2.55 | 3.72 | 4.68 | 2.04 | 2.27 | 3.85 | 3.65 | 3.53 |
| P/B Ratio | 4.28 | 4.71 | 9.57 | 5.99 | 10.09 | 12.84 | 5.14 | 5.85 | — | — | — |
| P/FCF | 32.64 | 26.75 | 38.26 | 591.86 | 26.92 | 20.14 | 20.67 | — | 80.45 | 25.00 | 32.56 |
| P/OCF | 15.47 | 12.68 | 19.46 | 15.88 | 17.75 | 17.31 | 11.79 | 19.82 | 26.81 | 24.01 | 23.41 |
P/E links to full P/E history page with 30-year chart
JHX EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
James Hardie Industries plc's enterprise value stands at 15.0x EBITDA, 11% below its 5-year average of 16.8x. The Basic Materials sector median is 11.4x, placing the stock at a 31% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.79 | 4.73 | 2.83 | 3.95 | 4.93 | 2.53 | 2.79 | 4.14 | 3.93 | 3.78 |
| EV / EBITDA | 14.98 | 12.41 | 19.55 | 11.68 | 16.90 | 23.58 | 13.90 | 14.87 | 26.50 | 15.85 | 15.08 |
| EV / EBIT | 19.92 | 15.77 | 23.54 | 14.03 | 20.92 | 31.18 | 19.24 | 19.97 | 41.08 | 19.09 | 18.32 |
| EV / FCF | — | 28.44 | 40.06 | 654.75 | 28.58 | 21.20 | 25.60 | — | 86.58 | 26.91 | 34.94 |
JHX Profitability
Margins and return-on-capital ratios measuring operating efficiency
James Hardie Industries plc earns an operating margin of 16.9%, above the Basic Materials sector average of 9.8%. Operating margins have compressed from 19.6% to 16.9% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 21.1% indicates solid capital efficiency. ROIC of 17.9% represents solid returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 38.8% | 38.8% | 40.4% | 34.7% | 36.3% | 36.2% | 35.8% | 33.2% | 35.5% | 35.1% | 36.6% |
| Operating Margin | 16.9% | 16.9% | 19.5% | 19.6% | 18.9% | 16.3% | 13.1% | 14.0% | 11.2% | 20.5% | 20.5% |
| Net Profit Margin | 10.9% | 10.9% | 13.0% | 13.6% | 12.7% | 9.0% | 9.3% | 9.1% | 7.1% | 14.4% | 14.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 21.1% | 21.1% | 29.4% | 34.8% | 38.4% | 25.1% | 24.0% | 60.8% | — | — | — |
| ROA | 8.4% | 8.4% | 10.9% | 11.7% | 11.0% | 6.5% | 6.0% | 7.2% | 6.7% | 13.6% | 12.0% |
| ROIC | 17.9% | 17.9% | 21.6% | 23.2% | 26.0% | 17.4% | 11.2% | 19.8% | 48.6% | 108.0% | 146.8% |
| ROCE | 15.4% | 15.4% | 19.4% | 20.4% | 20.5% | 14.1% | 9.7% | 12.8% | 12.9% | 24.4% | 21.4% |
JHX Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
James Hardie Industries plc carries a Debt/EBITDA ratio of 1.4x, which is manageable (47% below the sector average of 2.6x). Net debt stands at $642M ($1.2B total debt minus $563M cash). Interest coverage of 16.0x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.56 | 0.56 | 0.65 | 0.71 | 0.72 | 0.87 | 1.36 | 1.42 | — | — | — |
| Debt / EBITDA | 1.38 | 1.38 | 1.26 | 1.25 | 1.13 | 1.52 | 2.98 | 2.93 | 2.75 | 1.29 | 1.27 |
| Net Debt / Equity | — | 0.30 | 0.45 | 0.64 | 0.62 | 0.67 | 1.22 | 1.34 | — | — | — |
| Net Debt / EBITDA | 0.74 | 0.74 | 0.88 | 1.12 | 0.98 | 1.17 | 2.67 | 2.76 | 1.88 | 1.13 | 1.03 |
| Debt / FCF | — | 1.69 | 1.80 | 62.90 | 1.66 | 1.06 | 4.93 | — | 6.13 | 1.92 | 2.38 |
| Interest Coverage | 16.00 | 16.00 | 21.08 | 20.04 | 16.94 | 9.75 | 5.96 | 6.49 | 6.97 | 13.80 | 13.31 |
JHX Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
James Hardie Industries plc's current ratio of 2.10x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.67x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 1.54x to 2.10x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.10 | 2.10 | 1.79 | 1.54 | 1.46 | 1.05 | 1.78 | 1.56 | 2.14 | 1.47 | 1.34 |
| Quick Ratio | 1.67 | 1.67 | 1.37 | 1.05 | 1.10 | 0.80 | 1.18 | 0.90 | 1.49 | 1.00 | 0.86 |
| Cash Ratio | 0.69 | 0.69 | 0.46 | 0.16 | 0.16 | 0.23 | 0.28 | 0.16 | 0.71 | 0.18 | 0.27 |
| Asset Turnover | — | 0.74 | 0.80 | 0.84 | 0.85 | 0.71 | 0.65 | 0.62 | 0.87 | 0.95 | 0.85 |
| Inventory Turnover | 6.84 | 6.84 | 6.95 | 7.16 | 8.23 | 8.51 | 5.48 | 5.28 | 5.18 | 6.15 | 5.68 |
| Days Sales Outstanding | — | 30.96 | 29.00 | 28.86 | 33.63 | 36.47 | 36.96 | 35.33 | 34.75 | 36.77 | 36.60 |
JHX Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
James Hardie Industries plc returns 1.2% to shareholders annually primarily through share buybacks. The earnings yield of 4.6% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | 1.3% | 3.6% | — | 3.0% | 3.0% | 2.2% | 2.5% | 4.0% |
| Payout Ratio | — | — | — | 25.3% | 105.4% | — | 65.7% | 75.2% | 121.5% | 63.9% | 100.9% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.6% | 4.2% | 2.9% | 5.3% | 3.4% | 1.9% | 4.5% | 4.0% | 1.8% | 3.9% | 4.0% |
| FCF Yield | 3.1% | 3.7% | 2.6% | 0.2% | 3.7% | 5.0% | 4.8% | — | 1.2% | 4.0% | 3.1% |
| Buyback Yield | 1.2% | 1.5% | 1.5% | 0.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 1.4% | 0.4% |
| Total Shareholder Yield | 1.2% | 1.5% | 1.5% | 2.2% | 3.6% | 0.0% | 3.0% | 3.0% | 2.2% | 3.9% | 4.4% |
| Shares Outstanding | — | $432M | $440M | $446M | $446M | $445M | $444M | $443M | $442M | $444M | $447M |
Peer Comparison
Compare JHX with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 JHXYou | $12B | 21.9 | 15.0 | 32.6 | 38.8% | 16.9% | 21.1% | 17.9% | 1.4 |
 MAS | $15B | 18.6 | 12.2 | 16.8 | 35.5% | 16.8% | 7363.6% | 35.4% | 2.4 |
 TREX | $4B | 22.4 | 13.9 | 31.6 | 39.2% | 22.0% | 20.2% | 16.4% | 0.7 |
 IBP | $8B | 30.8 | 17.9 | 26.8 | 34.0% | 13.0% | 37.5% | 20.7% | 2.1 |
 AWI | $7B | 23.5 | 17.3 | 28.8 | 40.6% | 26.6% | 37.2% | 24.9% | 1.2 |
 EXP | $7B | 15.8 | 10.9 | 19.8 | 29.8% | 26.5% | 33.5% | 17.6% | 1.7 |
 DHI | $43B | 12.9 | 10.2 | 13.2 | 23.7% | 12.9% | 14.2% | 12.1% | 1.3 |
 LEN | $20B | 11.3 | 7.6 | 693.2 | 17.7% | 8.0% | 8.2% | 7.9% | 2.2 |
 PHM | $23B | 10.8 | 7.5 | 13.2 | 26.4% | 17.3% | 17.7% | 17.2% | 0.8 |
 HD | $321B | 22.7 | 14.0 | 25.4 | 33.3% | 12.7% | 145.5% | 32.1% | 0.8 |
 LOW | $131B | 19.7 | 11.3 | 17.1 | 33.5% | 11.8% | — | 76.2% | 0.6 |
| Basic Materials Median | — | 22.9 | 11.4 | 27.5 | 31.7% | 9.8% | 1.0% | 4.4% | 2.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonJHX — Frequently Asked Questions
Quick answers to the most common questions about buying JHX stock.
What is James Hardie Industries plc's P/E ratio?
James Hardie Industries plc's current P/E ratio is 21.9x. The historical average is 30.4x. This places it at the 43th percentile of its historical range.
What is James Hardie Industries plc's EV/EBITDA?
James Hardie Industries plc's current EV/EBITDA is 15.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 20.9x.
What is James Hardie Industries plc's ROE?
James Hardie Industries plc's return on equity (ROE) is 21.1%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 34.1%.
Is JHX stock overvalued?
Based on historical data, James Hardie Industries plc is trading at a P/E of 21.9x. This is at the 43th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are James Hardie Industries plc's profit margins?
James Hardie Industries plc has 38.8% gross margin and 16.9% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does James Hardie Industries plc have?
James Hardie Industries plc's Debt/EBITDA ratio is 1.4x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.