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James Hardie Industries plc JHX

NYSE · stock · Concrete Products, Except Block & Brick · website · IPO 2001-10-15 · LEI

James Hardie Industries plc statistics & valuation

Market cap$22.4B
P / E215.1×
P / S4.6×
P / B3.5×
P / FCF108.7×
Net margin2.2%
Return on equity1.6%
FCF margin4.3%
Net debt$4.3B
Net debt / EBITDA4.5×
Enterprise value USD$26.6B
EV / EBITDA28.3×
Earnings yield EBIT/EV1.7%
Return on capital3.6%
Graham number -77.7%$6.88

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($6.88); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
14.40% 7.10% 9.10% 9.30% 9.00% 12.70% 13.60% 13.00% 10.90% 2.20% 2017201820192020202120222023202420252026
Gross margin (%)
35.10% 35.50% 33.20% 35.80% 36.20% 36.30% 34.70% 40.40% 38.80% 35.80% 2017201820192020202120222023202420252026
Operating margin (%)
20.50% 11.20% 14.00% 13.10% 16.30% 18.90% 19.60% 19.50% 16.90% 9.30% 2017201820192020202120222023202420252026
Return on equity (%)
23.50% 23.30% 24.80% 34.40% 31.80% 27.40% 19.60% 1.60% 2017201820192020202120222023202420252026
Shares outstanding
443.9M 442.3M 443.0M 444.1M 445.4M 445.9M 445.6M 439.6M 432.1M 580.2M 2017201820192020202120222023202420252026
Net debt ($)
$485.6M $602.8M $1.30B $1.21B $650.1M $752.3M $946.0M $757.6M $556.8M $4.27B 2017201820192020202120222023202420252026
Share buybacks ($)
2017201820192020202120222023202420252026
Return on assets (%)
13.70% 6.20% 5.70% 6.00% 6.40% 10.80% 11.40% 10.40% 8.10% 0.80% 2017201820192020202120222023202420252026
Free cash flow margin (%)
14.60% 4.80% -0.50% 9.90% 23.20% 13.80% 0.40% 11.80% 9.80% 4.30% 2017201820192020202120222023202420252026
Debt / equity (×)
1.42× 1.31× 0.81× 0.66× 0.66× 0.60× 0.52× 0.71× 2017201820192020202120222023202420252026
EPS ($)
$0.62 $0.33 $0.52 $0.54 $0.59 $1.03 $1.15 $1.16 $0.98 $0.19 2017201820192020202120222023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

James Hardie Industries plc trades at about 162.4× earnings — above its 10-year norm (10-year range 19.4×–110.5×, median 27.9×).

19.4× 162.4×

Shaded band = 10-year range (19.4×–110.5×); dot = today's 162.4×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Gross margin35.8%38.8%40.4%34.7%36.3%36.2%35.8%33.2%35.5%35.1%
Operating margin9.3%16.9%19.5%19.6%18.9%16.3%13.1%14.0%11.2%20.5%
Net margin2.2%10.9%13.0%13.6%12.7%9.0%9.3%9.1%7.1%14.4%
FCF margin4.3%9.8%11.8%0.4%13.8%23.2%9.9%-0.5%4.8%14.6%
Return on assets0.8%8.1%10.4%11.4%10.8%6.4%6.0%5.7%6.2%13.7%
Return on equity1.6%19.6%27.4%31.8%34.4%24.8%23.3%23.5%-66.0%-130.3%
Debt / equity0.71×0.52×0.60×0.66×0.66×0.81×1.31×1.42×-3.99×-2.66×
Current ratio1.582.101.791.541.461.051.781.562.141.47

Computed from company filings · US · as of 2026-03-31. Facts plus Stocktoria's own computed scores — not investment advice.