James Hardie Industries plc (JHX) P/E Ratio History
ExpensiveTrading at 130.9x vs 5Y avg 34.2x · 100th percentile · Material premium to history · Data 2002–2026
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P/E Ratio Analysis
As of June 21, 2026, James Hardie Industries plc (JHX) trades at a price-to-earnings ratio of 130.9x, with a stock price of $24.87 and trailing twelve-month earnings per share of $0.19.
The current P/E is 283% above its 5-year average of 34.2x. Over the past five years, JHX's P/E has ranged from a low of 16.3x to a high of 85.3x, placing the current valuation at the 100th percentile of its historical range.
Compared to the Basic Materials sector median P/E of 23.6x, JHX trades at a 455% premium to its sector peers. The sector includes 123 companies with P/E ratios ranging from 1.0x to 182.8x.
Relative to the broader market, JHX commands a significant premium over the S&P 500 median P/E of 24.4x. 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 Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
JHX P/E vs Peers
Building products and components peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $15B | 19.3 | 3.88 | +3% | |
| $5B | 26.5 | 7.92 | -15% | |
| $6B | 22.5 | 0.92 | +7% | |
| $7B | 22.3 | - | +18%Best | |
| $7B | 17.1 | 1.60 | -5% | |
| $46B | 13.6 | 1.09 | -19% | |
| $22B | 11.2Lowest | - | -44% | |
| $24B | 11.4 | 0.69Best | -24% | |
| $333B | 23.5 | 6.58 | -5% | |
| $125B | 18.7 | 2.11 | -3% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
JHX Historical P/E Data (2002–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q4 | - | $18.94 | $0.22 | 85.3x | +182% |
| FY2026 Q3 | Dec 31 2025 | $20.75 | $0.27 | 76.1x | +152% |
| FY2026 Q2 | - | $19.21 | $0.48 | 39.8x | +32% |
| FY2026 Q1 | Jun 30 2025 | $26.89 | $0.77 | 35.0x | +16% |
| FY2025 Q4 | Mar 31 2025 | $23.56 | $0.98 | 24.1x | -20% |
| FY2025 Q3 | - | $30.81 | $1.01 | 30.5x | +1% |
| FY2025 Q2 | Sep 30 2024 | $40.15 | $1.01 | 39.8x | +31% |
| FY2025 Q1 | Jun 30 2024 | $31.54 | $1.16 | 27.2x | -10% |
| FY2024 Q4 | Mar 31 2024 | $40.46 | $1.16 | 34.9x | +15% |
| FY2024 Q3 | Dec 31 2023 | $38.67 | $1.22 | 31.7x | +5% |
| FY2024 Q2 | Sep 30 2023 | $26.24 | $1.12 | 23.4x | -23% |
| FY2024 Q1 | Jun 30 2023 | $26.89 | $1.16 | 23.2x | -23% |
| FY2023 Q4 | Mar 31 2023 | $21.65 | $1.17 | 18.5x | -39% |
| FY2023 Q3 | Dec 31 2022 | $17.94 | $1.10 | 16.3x | -46% |
| FY2023 Q2 | Sep 30 2022 | $19.78 | $1.17 | 16.9x | -44% |
| FY2023 Q1 | - | $21.94 | $1.13 | 19.4x | -36% |
| FY2022 Q4 | - | $30.15 | $1.03 | 29.3x | -3% |
| FY2022 Q3 | Dec 31 2021 | $40.69 | $1.13 | 36.0x | +19% |
| FY2022 Q2 | - | $35.68 | $0.98 | 36.4x | +20% |
| FY2022 Q1 | Jun 30 2021 | $34.19 | $0.84 | 40.7x | +35% |
| FY2021 Q4 | Mar 31 2021 | $30.58 | $0.59 | 51.8x | +71% |
| FY2021 Q3 | - | $29.66 | $0.38 | 77.3x | +155% |
| FY2021 Q2 | Sep 30 2020 | $23.81 | $0.33 | 71.3x | +136% |
| FY2021 Q1 | - | $19.24 | $0.36 | 52.9x | +75% |
| FY2020 Q4 | - | $11.98 | $0.54 | 22.0x | -27% |
| FY2020 Q3 | - | $19.64 | $0.54 | 36.6x | +21% |
| FY2020 Q2 | Sep 30 2019 | $16.81 | $0.59 | 28.7x | -5% |
| FY2020 Q1 | Jun 30 2019 | $13.21 | $0.52 | 25.6x | -15% |
| FY2019 Q4 | Mar 31 2019 | $12.87 | $0.52 | 24.9x | -18% |
| FY2019 Q3 | Dec 31 2018 | $11.74 | $0.38 | 30.9x | +2% |
| FY2019 Q2 | Sep 30 2018 | $15.26 | $0.41 | 37.2x | +23% |
| FY2019 Q1 | Jun 30 2018 | $16.91 | $0.40 | 42.3x | +40% |
| FY2018 Q4 | Mar 31 2018 | $17.88 | $0.33 | 54.2x | +79% |
| FY2018 Q3 | Dec 31 2017 | $17.61 | $0.56 | 31.4x | +4% |
| FY2018 Q2 | Sep 30 2017 | $14.06 | $0.58 | 24.2x | -20% |
| FY2018 Q1 | Jun 30 2017 | $15.77 | $0.56 | 28.2x | -7% |
| FY2017 Q4 | Mar 31 2017 | $15.80 | $0.62 | 25.5x | -16% |
| FY2017 Q3 | Dec 31 2016 | $15.90 | $0.59 | 27.1x | -10% |
| FY2017 Q2 | Sep 30 2016 | $15.73 | $0.45 | 35.2x | +16% |
| FY2017 Q1 | - | $15.34 | $0.61 | 25.3x | -16% |
| FY2016 Q4 | - | $13.63 | $0.55 | 24.9x | -18% |
| FY2016 Q3 | - | $12.67 | $0.54 | 23.4x | -23% |
| FY2016 Q2 | Sep 30 2015 | $12.03 | $0.72 | 16.6x | -45% |
| FY2016 Q1 | - | $13.26 | $0.72 | 18.3x | -39% |
| FY2015 Q4 | - | $11.57 | $0.65 | 17.7x | -41% |
| FY2015 Q3 | Dec 31 2014 | $10.88 | $0.17 | 64.0x | +112% |
| FY2015 Q2 | - | $10.46 | $0.14 | 74.7x | +147% |
| FY2014 Q4 | Mar 31 2014 | $13.65 | $0.23 | 59.4x | +96% |
| FY2014 Q3 | - | $11.47 | $0.49 | 23.4x | -23% |
| FY2014 Q2 | Sep 30 2013 | $9.88 | $0.35 | 28.2x | -7% |
| FY2014 Q1 | Jun 30 2013 | $8.62 | $0.26 | 33.2x | +10% |
| FY2013 Q4 | Mar 31 2013 | $10.52 | $0.10 | 105.2x | +248% |
| FY2013 Q3 | Dec 31 2012 | $9.75 | $1.36 | 7.2x | -76% |
| FY2013 Q2 | Sep 30 2012 | $9.05 | $1.28 | 7.1x | -77% |
| FY2013 Q1 | Jun 30 2012 | $8.22 | $1.54 | 5.3x | -82% |
| FY2012 Q4 | Mar 31 2012 | $8.04 | $1.38 | 5.8x | -81% |
| FY2012 Q3 | Dec 31 2011 | $7.00 | $0.28 | 25.3x | -17% |
| FY2012 Q2 | Sep 30 2011 | $5.51 | $0.23 | 24.2x | -20% |
| FY2011 Q1 | Jun 30 2010 | $5.17 | $0.22 | 23.6x | -22% |
| FY2010 Q1 | - | $3.35 | $0.13 | 25.8x | -15% |
| FY2009 Q4 | - | $2.84 | $0.31 | 9.1x | -70% |
| FY2009 Q3 | Dec 31 2008 | $3.27 | $0.29 | 11.1x | -63% |
| FY2009 Q2 | - | $4.17 | $0.07 | 57.0x | +88% |
| FY2008 Q3 | Dec 31 2007 | $5.63 | $0.32 | 17.8x | -41% |
| FY2008 Q2 | Sep 30 2007 | $6.32 | $0.26 | 24.4x | -19% |
| FY2008 Q1 | Jun 30 2007 | $7.36 | $0.26 | 28.4x | -6% |
| FY2007 Q4 | Mar 31 2007 | $6.76 | $0.32 | 20.9x | -31% |
| FY2006 Q3 | Dec 31 2005 | $6.49 | $0.45 | 14.5x | -52% |
| FY2006 Q2 | Sep 30 2005 | $6.87 | $0.37 | 18.7x | -38% |
| FY2006 Q1 | - | $5.82 | $0.32 | 18.3x | -40% |
| FY2005 Q4 | - | $4.61 | $0.28 | 16.6x | -45% |
| FY2005 Q3 | Dec 31 2004 | $5.21 | $0.20 | 26.2x | -13% |
| FY2005 Q2 | - | $4.13 | $0.26 | 15.8x | -48% |
| FY2005 Q1 | Jun 30 2004 | $4.14 | $0.28 | 14.7x | -51% |
| FY2004 Q4 | Mar 31 2004 | $4.95 | $0.28 | 17.6x | -42% |
| FY2004 Q3 | Dec 31 2003 | $5.14 | $0.34 | 15.1x | -50% |
| FY2004 Q2 | - | $5.07 | $0.30 | 16.9x | -44% |
| FY2004 Q1 | Jun 30 2003 | $4.72 | $0.28 | 16.9x | -44% |
| FY2003 Q4 | Mar 31 2003 | $3.55 | $0.37 | 9.6x | -68% |
| FY2003 Q3 | - | $3.77 | $0.29 | 13.0x | -57% |
| FY2003 Q2 | Sep 30 2002 | $3.52 | $0.27 | 13.0x | -57% |
| FY2003 Q1 | Jun 30 2002 | $3.66 | $0.24 | 15.3x | -50% |
| FY2002 Q4 | Mar 31 2002 | $3.38 | $0.07 | 49.9x | +65% |
Average P/E for displayed period: 30.3x
Full Stock Analysis
Deep dive into JHX consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
24+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
JHX — Frequently Asked Questions
Quick answers to the most common questions about buying JHX stock.
What is JHX's P/E ratio?
James Hardie Industries plc (JHX) trailing twelve-month P/E ratio is 130.9x, based on TTM diluted EPS of $0.19. The 5-year average P/E is 34.2x and the historical range spans 16.3x to 85.3x.
Is JHX stock overvalued or undervalued?
JHX trades at 130.9x P/E, above its 5-year average of 34.2x. The 100th percentile ranking within the 16.3x–85.3x historical range indicates a premium to historical valuation.
Is JHX stock expensive?
Yes, JHX is expensive relative to its own history. The current P/E of 130.9x is above the 5-year average of 34.2x and also above the Basic Materials sector median of 23.6x. The stock sits at the 100th percentile of its 5-year valuation range.
What is JHX's historical P/E range?
Over the past 5 years, JHX's P/E ratio has ranged from 16.3x to 85.3x, with a median of 31.7x and an average of 34.2x. The current P/E of 130.9x places the stock at the 100th percentile of this range. Full historical data spans 2002–2026.
How does JHX's P/E compare to the S&P 500?
JHX trades at 130.9x P/E versus the S&P 500 median of 24.4x. The 436% premium to the market typically reflects higher expected earnings growth or quality.
How does JHX's valuation compare to Basic Materials peers?
James Hardie Industries plc P/E of 130.9x compares to the Basic Materials sector median of 23.6x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is JHX's PEG ratio?
JHX PEG ratio is N/A, based on a P/E of 130.9x and EPS growth of -80.6%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is JHX's earnings yield?
JHX earnings yield is 0.76%, the inverse of its 130.9x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.