James Hardie Industries (JHX) Stock Analysis

November 11, 2026

This is a peer-relative look at James Hardie Industries (JHX): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Materials peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for James Hardie Industries (JHX)
Profile Item	JHX
Name	James Hardie Industries plc
Country/Region	Ireland
GICS Sector	Materials
GICS Industry Group	Materials
GICS Industry	Construction Materials
GICS Sub-Industry	Construction Materials
Market Capitalization	16.20 billion USD
Currency	USD
Exchange	NYSE
Listing Date	October 22, 2001
Security Type	Common Stock

Price Performance

Cumulative Growth

JHX

GSPC

James Hardie Industries (JHX) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for James Hardie Industries (JHX) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for James Hardie Industries (JHX) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

James Hardie Industries (JHX) metric values compared with Materials industry-group medians
Metric	Current stock: JHX	Industry group median
Total Return (1Y)	72.20%	19.59%
Total Return (3Y, Annualized)	0.38%	18.91%
Total Return (5Y, Annualized)	-5.23%	5.70%

Risk Profile

Drawdown History

JHX

GSPC

James Hardie Industries (JHX) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for James Hardie Industries (JHX) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

James Hardie Industries (JHX) metric values compared with Materials industry-group medians
Metric	Current stock: JHX	Industry group median
Volatility (1Y, Annualized)	44.97%	52.82%
Beta (5Y)	1.74	0.97
Max Drawdown (5Y)	-60.26%	-58.44%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. JHX is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

James Hardie Industries (JHX) metric values compared with Materials industry-group medians
Metric	Current stock: JHX	Industry group median
Sharpe Ratio (1Y)	1.51	0.32
Sortino Ratio (1Y)	2.59	0.47

Profitability

ROE (TTM)

James Hardie Industries (JHX) posts ROE of 5.46%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

JHX

Materials industry group

5.46%

Group distribution

Max: 52.88%
Q3: 19.49%
Median: 8.76%
JHX: 5.46%
Q1: -3.41%
Min: -32.81%

Largest peers

SCCO: 52.88%
NEM: 27.26%
BHP: 24.00%
AEM: 23.24%
RIO: 19.31%
LIN: 17.72%
JHX: 5.46%

Where James Hardie Industries (JHX) stands on ROE within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

James Hardie Industries (JHX) keeps 6.22% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

JHX

Materials industry group

6.22%

Group distribution

Max: 38.66%
Q3: 15.98%
JHX: 6.22%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

Largest peers

AEM: 41.01%
SCCO: 37.16%
NEM: 34.73%
RIO: 19.59%
LIN: 19.34%
BHP: 16.73%
JHX: 6.22%

Where James Hardie Industries (JHX) stands on net margin within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

James Hardie Industries (JHX) turns 19.56% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

JHX

Materials industry group

19.56%

Group distribution

Max: 66.70%
Q3: 28.92%
JHX: 19.56%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

Largest peers

SCCO: 59.94%
AEM: 55.49%
NEM: 49.99%
BHP: 43.34%
RIO: 28.05%
LIN: 27.97%
JHX: 19.56%

Where James Hardie Industries (JHX) stands on operating margin within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

James Hardie Industries (JHX) metric values compared with Materials industry-group medians
Metric	Current stock: JHX	Industry group median
ROE (TTM)	5.46%	8.76%
ROA (TTM)	4.42%	4.42%
Net Margin (TTM)	6.22%	5.28%
Operating Margin (TTM)	19.56%	12.56%
Gross Margin (TTM)	38.25%	27.57%

Growth

Revenue Growth

James Hardie Industries (JHX) grew revenue 24.71%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

James Hardie Industries (JHX): Revenue Growth across different time periods, set against Materials industry-group medians.

EPS Growth

James Hardie Industries (JHX) grew earnings per share -80.61%, in the lower peer quartile. Per-share profits are advancing more slowly than at most peers, so margins, costs, or share count deserve a closer look.

James Hardie Industries (JHX): EPS Growth across different time periods, set against Materials industry-group medians.

Growth Metrics

James Hardie Industries (JHX) metric values compared with Materials industry-group medians
Metric	Current stock: JHX	Industry group median
Revenue Growth (YoY)	24.71%	8.36%
Revenue Growth (3Y CAGR)	8.59%	0.59%
EPS Growth (YoY)	-80.61%	-1.73%
EPS Growth (3Y CAGR)	-45.13%	2.12%

Financial Strength

Current Ratio (MRQ)

James Hardie Industries (JHX) has current ratio of 2.12, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

JHX

Materials industry group

2.12

Group distribution

Max: 5.96
Q3: 3.30
Median: 2.24
JHX: 2.12
Q1: 1.45
Min: 0.16

Largest peers

SCCO: 4.31
AEM: 2.75
NEM: 2.45
JHX: 2.12
BHP: 1.89
RIO: 1.42
LIN: 0.86

Where James Hardie Industries (JHX) stands on current ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

James Hardie Industries (JHX) has debt-to-equity ratio of 0.63, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

JHX

Materials industry group

0.63

Group distribution

Max: 1.98
Q3: 0.89
JHX: 0.63
Median: 0.47
Q1: 0.13
Min: 0.00

Largest peers

LIN: 0.65
SCCO: 0.63
JHX: 0.63
BHP: 0.50
RIO: 0.32
NEM: 0.16
AEM: 0.01

Where James Hardie Industries (JHX) stands on debt-to-equity ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

James Hardie Industries (JHX) metric values compared with Materials industry-group medians
Metric	Current stock: JHX	Industry group median
Current Ratio (MRQ)	2.12	2.24
Debt / Equity (MRQ)	0.63	0.47
Net Debt / EBITDA	2.43	1.37

Dividends

Dividend Yield (TTM)

James Hardie Industries (JHX) pays no dividend, leaving dividend yield at 0.00% this period. Shareholders may still receive value through reinvestment or buybacks, but there is no dividend income to compare here.

JHX

Materials industry group

0.00%

Group distribution

Max: 4.52%
Q3: 1.85%
Median: 0.38%
JHX: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

RIO: 5.59%
SCCO: 2.30%
BHP: 2.19%
LIN: 1.21%
AEM: 0.93%
NEM: 0.87%
JHX: 0.00%

Where James Hardie Industries (JHX) stands on dividend yield within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

James Hardie Industries (JHX) paid no earnings out as dividends this period, leaving payout ratio at 0.00%. There is no dividend payout to size against earnings.

JHX

Materials industry group

0.00%

Group distribution

Max: 83.62%
Q3: 41.37%
Median: 9.54%
JHX: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

BHP: 68.84%
RIO: 54.46%
SCCO: 52.43%
LIN: 41.83%
AEM: 14.26%
NEM: 11.95%
JHX: 0.00%

Where James Hardie Industries (JHX) stands on payout ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

James Hardie Industries (JHX) metric values compared with Materials industry-group medians
Metric	Current stock: JHX	Industry group median
Dividend Yield (TTM)	0.00%	0.38%
Dividend Payout Ratio (TTM)	0.00%	9.54%

Valuation

P/E Ratio (TTM)

James Hardie Industries (JHX) trades at P/E ratio of 48.02, in the richer earnings-multiple quartile for its industry. That premium needs support from growth, durable earnings, or stronger business quality.

JHX

Materials industry group

48.02

Group distribution

Max: 59.00
JHX: 48.02
Q3: 32.93
Median: 18.82
Q1: 11.96
Min: 3.93

Largest peers

JHX: 48.02
LIN: 34.21
SCCO: 22.27
BHP: 20.70
AEM: 15.61
NEM: 14.03
RIO: 11.35

Where James Hardie Industries (JHX) stands on P/E ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

James Hardie Industries (JHX) trades at 2.86 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.

JHX

Materials industry group

2.86

Group distribution

Max: 9.62
Q3: 4.34
JHX: 2.86
Median: 1.87
Q1: 0.73
Min: 0.00

Largest peers

SCCO: 8.34
LIN: 6.53
AEM: 6.44
NEM: 4.72
BHP: 3.46
JHX: 2.86
RIO: 2.20

Where James Hardie Industries (JHX) stands on P/S ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

James Hardie Industries (JHX) trades at 2.41 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

JHX

Materials industry group

2.41

Group distribution

Max: 6.59
Q3: 3.55
JHX: 2.41
Median: 2.08
Q1: 1.26
Min: -0.17

Largest peers

SCCO: 10.89
LIN: 6.00
BHP: 3.98
NEM: 3.53
AEM: 3.27
JHX: 2.41
RIO: 2.08

Where James Hardie Industries (JHX) stands on P/B ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

James Hardie Industries (JHX) metric values compared with Materials industry-group medians
Metric	Current stock: JHX	Industry group median
P/E Ratio (TTM)	48.02	18.82
P/S Ratio (TTM)	2.86	1.87
P/B Ratio (MRQ)	2.41	2.08
Free Cash Flow Yield (TTM)	0.98%	3.08%