Last 47 quarters of trend data · Basic Materials · Construction Materials
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
James Hardie Industries plc's quarterly P/E stands at 43.2x, up 85.2% year-over-year — indicating the stock has re-rated higher or earnings have softened.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 20.89 | 43.23 | — | 44.82 | 59.32 | 23.34 | 52.83 | 21.90 | 77.81 | 29.30 | 19.29 | 18.67 | 28.49 |
| — | +85.2% | — | +104.6% | -23.8% | -20.3% | +173.8% | +17.3% | +173.1% | +50.2% | +48.3% | +26.0% | -54.6% | |
| P/S Ratio | 3.06 | 2.44 | 2.15 | 3.22 | 2.61 | 3.48 | 4.52 | 3.45 | 4.42 | 4.33 | 2.90 | 3.12 | 2.61 |
| — | -29.9% | -52.5% | -6.8% | -41.0% | -19.6% | +56.0% | +10.7% | +69.7% | +86.4% | +30.9% | +27.7% | -24.9% | |
| P/B Ratio | 4.09 | 1.89 | 1.75 | 5.14 | 4.69 | 6.32 | 8.78 | 7.07 | 9.57 | 8.94 | 6.47 | 6.93 | 5.94 |
| — | -70.1% | -80.0% | -27.4% | -50.9% | -29.3% | +35.7% | +2.2% | +61.1% | +75.3% | +7.5% | -6.0% | -41.1% | |
| P/FCF | 31.19 | 32.35 | — | 27.95 | 45.13 | 17.91 | 51.78 | 61.95 | 101.99 | 21.75 | 28.97 | 23.49 | 68.56 |
| — | +80.6% | — | -54.9% | -55.7% | -17.7% | +78.7% | +163.7% | +48.8% | -70.7% | — | — | +146.0% | |
| EV / EBITDA | 14.35 | 12.68 | 14.03 | 17.70 | 22.20 | 13.33 | 22.29 | 12.75 | 35.19 | 16.28 | 11.58 | 11.50 | 15.00 |
| — | -4.9% | -37.1% | +38.8% | -36.9% | -18.1% | +92.6% | +10.8% | +134.6% | +50.0% | +27.9% | +13.8% | -47.6% | |
| EV / EBIT | 19.08 | 23.69 | 141.62 | 20.47 | 77.72 | 16.88 | 29.89 | 15.45 | 44.34 | 18.97 | 13.82 | 13.69 | 19.29 |
| — | +40.3% | +373.8% | +32.4% | +75.3% | -11.0% | +116.3% | +12.8% | +129.8% | +38.1% | +35.6% | +14.4% | -55.0% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
James Hardie Industries plc's operating margin was 14.6% in Q3 2026, up 2.7 pp QoQ and down 7.0 pp YoY. The trailing four-quarter average of 12.1% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 4.9% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 38.8% | 36.2% | 32.6% | 37.4% | 38.4% | 38.0% | 38.8% | 40.0% | 40.9% | 41.0% | 40.4% | 39.1% | 36.0% |
| — | -4.9% | -16.0% | -6.4% | -6.1% | -7.2% | -4.0% | +2.3% | +13.7% | +21.7% | +14.1% | +15.5% | -1.7% | |
| Operating Margin | 16.9% | 14.6% | 11.9% | 15.4% | 6.4% | 21.6% | 15.9% | 23.7% | 8.4% | 23.1% | 22.4% | 24.5% | 14.2% |
| — | -32.2% | -24.7% | -35.1% | -23.5% | -6.5% | -29.1% | -3.2% | -41.3% | +22.1% | -1.5% | +10.9% | +67.2% | |
| Net Margin | 10.9% | 5.5% | -4.3% | 7.0% | 4.5% | 14.9% | 8.7% | 15.7% | 5.5% | 14.8% | 15.2% | 16.5% | 8.9% |
| — | -62.7% | -149.7% | -55.6% | -18.9% | +0.2% | -42.8% | -5.3% | -37.6% | +27.5% | -9.5% | +1.5% | +64.5% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 21.1% | 1.1% | -1.3% | 2.8% | 2.0% | 7.0% | 4.3% | 8.2% | 3.0% | 7.9% | 8.7% | 9.5% | 5.1% |
| — | -84.5% | -130.5% | -65.4% | -30.9% | -11.8% | -50.7% | -13.6% | -42.2% | +19.4% | -27.8% | -22.7% | +28.2% | |
| ROA | 8.4% | 0.5% | -0.5% | 1.0% | 0.9% | 2.9% | 1.7% | 3.2% | 1.1% | 3.1% | 3.4% | 3.5% | 1.9% |
| — | -82.8% | -131.8% | -67.0% | -24.8% | -8.4% | -50.5% | -10.6% | -38.3% | +32.3% | -14.7% | -8.2% | +46.2% | |
| ROIC | 17.9% | 1.2% | 1.5% | 2.9% | 1.7% | 5.5% | 4.1% | 6.5% | 2.3% | 6.3% | 6.3% | 6.6% | 3.8% |
| — | -77.6% | -63.2% | -55.7% | -28.4% | -12.5% | -35.4% | -2.9% | -38.2% | +27.4% | -16.1% | -14.0% | +31.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
James Hardie Industries plc's Debt/EBITDA ratio is 15.1x, down from 18.7x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 29.1% YoY to 1.54x, tightening the short-term liquidity position. Debt/Equity has declined for 3 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.56 | 0.78 | 0.83 | 1.16 | 0.56 | 0.57 | 0.62 | 0.62 | 0.65 | 0.64 | 0.58 | 0.62 | 0.71 |
| — | +37.5% | +34.2% | +86.7% | -13.7% | -12.1% | +6.3% | +0.6% | -8.5% | -5.6% | -15.8% | -13.2% | -1.5% | |
| Debt / EBITDA | 1.38 | 15.11 | 18.68 | 13.38 | 9.92 | 4.55 | 5.98 | 4.21 | 9.08 | 4.48 | 3.86 | 3.80 | 6.45 |
| — | +232.2% | +212.3% | +217.8% | +9.3% | +1.6% | +54.8% | +10.8% | +40.8% | -13.5% | +2.7% | +5.5% | -15.9% | |
| Current Ratio | 2.10 | 1.54 | 1.79 | 3.76 | 2.10 | 2.18 | 2.02 | 1.94 | 1.79 | 1.89 | 1.70 | 1.57 | 1.54 |
| — | -29.1% | -11.1% | +94.2% | +17.3% | +15.4% | +18.9% | +23.5% | +16.1% | +27.3% | +20.3% | +37.7% | +5.6% | |
| Quick Ratio | 1.67 | 0.95 | 1.23 | 3.31 | 1.67 | 1.67 | 1.50 | 1.44 | 1.37 | 1.46 | 1.26 | 1.12 | 1.05 |
| — | -43.2% | -18.0% | +129.4% | +22.3% | +14.3% | +19.0% | +29.2% | +30.4% | +56.4% | +33.5% | +38.1% | -4.4% | |
| Interest Coverage | 16.00 | 2.77 | 2.28 | 3.67 | 5.54 | 18.40 | 16.69 | 138.47 | 8.84 | 72.94 | 49.64 | 40.33 | 13.89 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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James Hardie Industries plc's current P/E is 20.9x. The average P/E over the last 3 quarters is 49.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
James Hardie Industries plc's current operating margin is 16.9%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking James Hardie Industries plc's business trajectory between earnings reports.