James Hardie Industries plc (JHX) P/E Ratio History
Historical price-to-earnings valuation from 2002 to 2026
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JHX Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, James Hardie Industries plc (JHX) trades at a price-to-earnings ratio of 20.6x, with a stock price of $20.15 and trailing twelve-month earnings per share of $0.20.
The current P/E is 37% below its 5-year average of 32.5x. Over the past five years, JHX's P/E has ranged from a low of 16.3x to a high of 76.1x, placing the current valuation at the 20th percentile of its historical range.
Compared to the Basic Materials sector median P/E of 22.3x, JHX is roughly in line with its sector peers. The sector includes 123 companies with P/E ratios ranging from 2.0x to 166.2x.
The PEG ratio of 1.62 (P/E divided by -16% EPS growth) suggests a fair valuation relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, JHX trades roughly in line with the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our JHX DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
JHX P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $14B | 18.2 | 3.68 | +3% | |
| $4B | 21.1 | 6.31 | -15% | |
| $8B | 29.1 | 1.20 | +7% | |
| $7B | 23.2 | - | +18%Best | |
| $7B | 15.2 | 0.29Best | +1% | |
| $42B | 12.7 | 1.01 | -19% | |
| $19B | 10.8 | - | -44% | |
| $23B | 10.6Lowest | 0.64 | -24% | |
| $313B | 22.2 | 6.20 | -5% | |
| $126B | 19.0 | 2.14 | -3% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
JHX Historical P/E Data (2002–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q3 | Wed Dec 31 2025 00:00:00 GM | $20.75 | $0.27 | 76.1x | +157% |
| FY2026 Q2 | $19.21 | $0.48 | 39.8x | +35% | |
| FY2026 Q1 | Mon Jun 30 2025 00:00:00 GM | $26.89 | $0.77 | 35.0x | +18% |
| FY2025 Q4 | Mon Mar 31 2025 00:00:00 GM | $23.56 | $0.98 | 24.1x | -19% |
| FY2025 Q3 | $30.81 | $1.01 | 30.5x | +3% | |
| FY2025 Q2 | Mon Sep 30 2024 00:00:00 GM | $40.15 | $1.01 | 39.8x | +34% |
| FY2025 Q1 | Sun Jun 30 2024 00:00:00 GM | $31.54 | $1.16 | 27.2x | -8% |
| FY2024 Q4 | Sun Mar 31 2024 00:00:00 GM | $40.46 | $1.16 | 34.9x | +18% |
| FY2024 Q3 | Sun Dec 31 2023 00:00:00 GM | $38.67 | $1.22 | 31.7x | +7% |
| FY2024 Q2 | Sat Sep 30 2023 00:00:00 GM | $26.24 | $1.12 | 23.4x | -21% |
| FY2024 Q1 | Fri Jun 30 2023 00:00:00 GM | $26.89 | $1.16 | 23.2x | -22% |
| FY2023 Q4 | Fri Mar 31 2023 00:00:00 GM | $21.65 | $1.17 | 18.5x | -37% |
Average P/E for displayed period: 29.6x
Full JHX Stock Analysis
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Start ComparisonJHX — Frequently Asked Questions
Quick answers to the most common questions about buying JHX stock.
Is JHX stock overvalued or undervalued?
JHX trades at 20.6x P/E, below its 5-year average of 32.5x. At the 20th percentile of historical range, the stock is priced at a discount to its own history.
How does JHX's valuation compare to peers?
James Hardie Industries plc P/E of 20.6x compares to sector median of 22.3x. The discount suggests lower growth expectations or higher risk.
What is JHX's PEG ratio?
JHX PEG ratio is 1.62. Between 1-2 suggests valuation aligns with growth. Historical P/E data spans 2002-2026.