James Hardie Industries plc (JHX) Key Metrics
JHX valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $14.99B
- Enterprise value
- $19.82B
- P/E (TTM)
- 103.3 10-yr median 27.3
- Forward P/E
- 21.8
- PEG ratio
- 1.24
- Price / sales
- 2.8 10-yr median 3.1
- Price / book
- 2.4 10-yr median 5.9
- EV / EBITDA
- 17.5 10-yr median 15.7
- Dividend yield
- —
- Beta
- 1.06
JHX key metrics, FY2017–FY2026
Fiscal year ended March 31, 2026 · U.S. dollarsJHX valuation Price multiples at each fiscal year-end price.
JHX returns How much profit the business earns on the capital it uses.
JHX per-share figures Results divided by the shares outstanding at year-end.
JHX financial health Debt, liquidity and how easily interest is covered.
JHX efficiency & capital use Working capital cycle and where the cash goes.
JHX valuation history
JHX returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
JHX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
JHX cash returned to shareholders
JHX price vs earnings per share
JHX key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $10.33B | $10.18B | $17.79B | $9.65B | $13.44B | $13.62B | $5.32B | $5.70B | $7.91B | $7.01B |
| Enterprise value | $14.57B | $10.82B | $18.62B | $10.67B | $14.27B | $14.33B | $6.59B | $7.02B | $8.64B | $7.55B |
| P/E ratio | 99.3 | 24.0 | 34.9 | 18.8 | 29.3 | 51.8 | 22.0 | 24.9 | 54.1 | 25.4 |
| Price / sales | 2.1 | 2.6 | 4.5 | 2.6 | 3.7 | 4.7 | 2.0 | 2.3 | 3.8 | 3.6 |
| Price / book | 1.6 | 4.7 | 9.6 | 6.0 | 10.1 | 12.8 | 5.1 | 5.9 | — | — |
| Price / free cash flow | 50.2 | 26.7 | 38.3 | — | 27.0 | 20.1 | 21.5 | — | 80.5 | 25.0 |
| Price / operating cash flow | 17.5 | 12.7 | 19.5 | 15.9 | 17.8 | 17.3 | 11.8 | 19.8 | 26.8 | 24.0 |
| EV / sales | 3.0 | 2.8 | 4.7 | 2.8 | 3.9 | 4.9 | 2.5 | 2.8 | 4.2 | 3.9 |
| EV / EBITDA | 15.6 | 12.0 | 19.1 | 11.4 | 16.9 | 24.1 | 13.9 | 14.9 | 28.9 | 15.8 |
| EV / free cash flow | 70.8 | 28.4 | 40.1 | — | 28.7 | 21.2 | 26.6 | — | 87.9 | 26.9 |
| Earnings yield | 1.0% | 4.2% | 2.9% | 5.3% | 3.4% | 1.9% | 4.5% | 4.0% | 1.8% | 3.9% |
| Free cash flow yield | 2.0% | 3.7% | 2.6% | 0.1% | 3.7% | 5.0% | 4.7% | −0.2% | 1.2% | 4.0% |
| Dividend yield | — | 0.0% | 0.0% | 1.3% | 3.6% | 3.6% | 3.0% | 3.0% | 2.2% | 2.5% |
| Shareholder yield (dividends + buybacks) | 0.1% | 1.5% | 1.5% | 2.2% | 3.6% | 3.6% | 3.0% | 3.0% | 3.5% | 3.9% |
| Share price at fiscal year-end | $18.94 | $23.56 | $40.46 | $21.65 | $30.15 | $30.58 | $11.98 | $12.87 | $17.88 | $15.80 |
| Per share | ||||||||||
| Revenue per share | $8.86 | $8.97 | $8.95 | $8.48 | $8.11 | $6.53 | $5.87 | $5.66 | $4.65 | $4.33 |
| Earnings per share | $0.19 | $0.98 | $1.16 | $1.15 | $1.03 | $0.59 | $0.54 | $0.52 | $0.33 | $0.62 |
| Operating cash flow per share | $1.08 | $1.86 | $2.08 | $1.36 | $1.70 | $1.77 | $1.02 | $0.65 | $0.67 | $0.66 |
| Free cash flow per share | $0.38 | $0.88 | $1.06 | $0.02 | $1.12 | $1.52 | $0.56 | −$0.03 | $0.22 | $0.63 |
| Cash per share | $1.00 | $1.30 | $0.83 | $0.25 | $0.28 | $0.47 | $0.33 | $0.18 | $0.64 | $0.18 |
| Book value per share | $11.78 | $5.00 | $4.23 | $3.62 | $2.99 | $2.38 | $2.33 | $2.20 | −$0.50 | −$0.48 |
| Tangible book value per share | −$3.11 | $4.22 | $3.45 | $2.83 | $2.18 | $1.52 | $1.51 | $1.35 | −$0.54 | −$0.48 |
| Dividends per share | — | $0.00 | $0.00 | $0.29 | $1.09 | $1.09 | $0.36 | $0.39 | $0.40 | $0.40 |
| Capex per share | $0.70 | $0.98 | $1.02 | $1.35 | $0.58 | $0.25 | $0.46 | $0.72 | $0.48 | $0.23 |
| Debt per share | $8.77 | $2.79 | $2.73 | $2.55 | $2.14 | $2.07 | $3.18 | $3.15 | $2.29 | $1.39 |
| Shares outstanding | 545.5M | 432.1M | 439.6M | 445.6M | 445.9M | 445.4M | 444.1M | 443.0M | 442.3M | 443.9M |
| Change in shares outstanding | +26.2% | −1.7% | −1.3% | −0.1% | +0.1% | +0.3% | +0.2% | +0.2% | −0.4% | −0.7% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 2.4% | 21.1% | 29.4% | 34.8% | 38.4% | 25.1% | 24.0% | 60.8% | — | — |
| Return on invested capital (ROIC) | 3.3% | 15.7% | 19.5% | 21.9% | 24.7% | 14.8% | 12.5% | 19.1% | 45.9% | 108.5% |
| Return on assets (ROA) | 1.1% | 8.4% | 10.9% | 11.7% | 11.0% | 6.5% | 6.0% | 7.2% | 6.7% | 13.6% |
| Return on tangible assets | 1.9% | 8.7% | 11.2% | 12.4% | 11.8% | 7.1% | 6.6% | 6.3% | 6.3% | 13.7% |
| Free cash flow margin | 4.3% | 9.8% | 11.8% | 0.2% | 13.8% | 23.2% | 9.5% | −0.5% | 4.8% | 14.6% |
| Income quality (OCF / net income) | 5.67 | 1.89 | 1.79 | 1.19 | 1.65 | 2.99 | 1.87 | 1.26 | 2.02 | 1.06 |
| Financial health | ||||||||||
| Total debt | $4.79B | $1.21B | $1.20B | $1.14B | $955.5M | $922.6M | $1.41B | $1.39B | $1.01B | $616.9M |
| Cash & short-term investments | $542.9M | $562.7M | $365.0M | $113.0M | $125.0M | $208.5M | $144.4M | $78.7M | $281.6M | $78.9M |
| Net debt | $4.24B | $642.3M | $836.0M | $1.03B | $830.5M | $714.1M | $1.27B | $1.31B | $732.7M | $538.0M |
| Debt / equity | 0.74 | 0.56 | 0.65 | 0.71 | 0.72 | 0.87 | 1.36 | 1.43 | — | — |
| Debt / assets | 0.35 | 0.23 | 0.24 | 0.25 | 0.23 | 0.23 | 0.35 | 0.35 | 0.43 | 0.31 |
| Net debt / EBITDA | 4.56 | 0.71 | 0.86 | 1.10 | 0.98 | 1.20 | 2.68 | 2.80 | 2.45 | 1.12 |
| Current ratio | 1.58 | 2.10 | 1.79 | 1.54 | 1.46 | 1.05 | 1.78 | 1.56 | 2.14 | 1.47 |
| Quick ratio | 1.03 | 1.67 | 1.37 | 1.05 | 1.10 | 0.80 | 1.18 | 0.90 | 1.49 | 1.00 |
| Interest coverage | 1.9 | 16.0 | 21.1 | 20.0 | 16.9 | 9.7 | 6.0 | 6.5 | 7.0 | 13.8 |
| Working capital | $669.4M | $891.6M | $630.7M | $377.8M | $354.1M | $42.5M | $398.4M | $271.1M | $448.0M | $203.3M |
| Invested capital | $10.67B | $2.80B | $2.69B | $2.64B | $2.16B | $1.77B | $2.30B | $2.29B | $511.2M | $325.8M |
| Tangible asset value | −$1.70B | $1.82B | $1.52B | $1.26B | $970.6M | $677.6M | $671.7M | $598.9M | −$238.7M | −$212.2M |
| Net current asset value | −$5.44B | −$1.37B | −$1.63B | −$1.79B | −$1.79B | −$2.08B | −$2.08B | −$2.30B | −$1.73B | −$1.59B |
| Graham number | $7.11 | $10.51 | $10.51 | $9.67 | $8.32 | $5.62 | $5.34 | $5.06 | — | — |
| Graham net-net per share | −$11.02 | −$4.83 | −$5.20 | −$5.29 | −$5.37 | −$5.60 | −$5.62 | −$5.92 | −$4.54 | −$4.28 |
| Capital allocation | ||||||||||
| Dividends paid | — | $0 | $0 | $129.6M | $484.0M | $484.0M | $158.6M | $172.1M | $177.5M | $176.8M |
| Share buybacks (net) | $13.7M | $149.9M | $271.4M | $78.4M | $0 | $0 | $0 | $0 | $99.0M | $99.8M |
| Dividend payout ratio | — | 0.0% | 0.0% | 25.3% | 105.4% | 184.2% | 65.7% | 75.2% | 121.5% | 63.9% |
| Dividends + buybacks / free cash flow | 6.7% | 39.4% | 58.4% | — | 97.3% | 71.6% | 64.0% | — | 281.3% | 98.6% |
| Capex / revenue | 7.9% | 10.9% | 11.4% | 15.9% | 7.2% | 3.8% | 7.8% | 12.7% | 10.2% | 5.3% |
| Capex / operating cash flow | 65.1% | 52.6% | 49.1% | 98.7% | 34.3% | 14.1% | 45.1% | 110.4% | 71.3% | 34.9% |
| Capex / depreciation | 0.78 | 1.95 | 2.43 | 3.48 | 1.61 | 0.82 | 1.55 | 2.66 | 2.28 | 1.22 |
| Stock-based compensation / revenue | 0.8% | 0.6% | 0.7% | 0.4% | 0.2% | 0.6% | 0.4% | 0.5% | 0.5% | 0.5% |
| R&D / revenue | 1.3% | 1.3% | 1.2% | 1.0% | 1.1% | 1.2% | 1.3% | 1.5% | 1.6% | 1.6% |
| SG&A / revenue | 19.6% | 15.4% | 15.3% | 13.1% | 12.8% | 13.4% | 15.9% | 16.1% | 14.2% | 13.2% |
| Efficiency | ||||||||||
| Days sales outstanding | 32.1 | 30.2 | 28.3 | 30.5 | 31.5 | 34.8 | 36.8 | 34.2 | 35.7 | 34.8 |
| Days of inventory on hand | 57.7 | 52.7 | 53.0 | 46.2 | 39.5 | 51.4 | 67.9 | 62.4 | 63.2 | 57.9 |
| Days payables outstanding | 34.3 | 37.3 | 35.0 | 34.9 | 35.5 | 32.0 | 32.0 | 27.7 | 30.3 | 27.2 |
| Cash conversion cycle (days) | 55.5 | 45.6 | 46.4 | 41.8 | 35.5 | 54.3 | 72.7 | 68.9 | 68.5 | 65.6 |
| Receivables turnover | 11.38 | 12.09 | 12.88 | 11.96 | 11.59 | 10.49 | 9.91 | 10.67 | 10.24 | 10.47 |
| Payables turnover | 10.64 | 9.79 | 10.43 | 10.45 | 10.28 | 11.42 | 11.39 | 13.18 | 12.03 | 13.44 |
| Inventory turnover | 6.32 | 6.93 | 6.89 | 7.90 | 9.24 | 7.10 | 5.38 | 5.85 | 5.78 | 6.30 |
| Asset turnover | 0.51 | 0.76 | 0.84 | 0.87 | 0.87 | 0.72 | 0.65 | 0.79 | 0.94 | 0.95 |
| Average receivables | $424.9M | $320.8M | $305.6M | $315.8M | $311.8M | $277.3M | $263.1M | $234.9M | $200.7M | $183.4M |
| Average payables | $291.9M | $242.2M | $225.1M | $235.9M | $223.8M | $162.7M | $146.8M | $127.1M | $110.1M | $92.8M |
| Average inventory | $491.4M | $342.4M | $341.0M | $311.9M | $249.0M | $261.7M | $311.2M | $286.6M | $229.3M | $197.9M |
| Intangibles / total assets | 59.3% | 6.5% | 7.0% | 7.8% | 8.5% | 9.4% | 9.0% | 9.3% | 0.7% | 0.0% |
Computed from JHX's annual financial statements (latest annual report filed May 19, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
JHX valuation and financial ratios
At the end of fiscal 2026 (March 31, 2026), James Hardie Industries traded at 99.3 times earnings, against a 10-year median of 27.3. Based on the latest twelve months, the trailing P/E is 103.3 and the forward P/E is 21.8. James Hardie Industries earned a return on equity of 2.4% and a return on invested capital of 3.3% in fiscal 2026. It ended the year with $4.8 billion of debt and $542.9 million in cash and short-term investments, net debt of $4.2 billion. It returned $13.7 million to shareholders: $0 in dividends and $13.7 million in share buybacks, 7% of free cash flow. The share count rose 22.9% from 443.9M to 545.5M over 9 years.
See the JHX income statement, the JHX chart for price history, or the JHX stock overview for the latest quote and news.
JHX key metrics FAQ
What is James Hardie Industries's P/E ratio?
James Hardie Industries's trailing P/E ratio is 103.3 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 21.8. At the end of fiscal 2026 it was 99.3, compared with a 10-year median of 27.3.
What is James Hardie Industries's EV/EBITDA?
James Hardie Industries's enterprise value was 15.6 times EBITDA at the end of fiscal 2026 (enterprise value $14.6 billion, EBITDA $931.3 million); the current EV/EBITDA is 17.5.
What is James Hardie Industries's return on equity?
James Hardie Industries's return on equity (ROE) was 2.4% in fiscal 2026: net income of $104.0 million on average shareholders' equity of $4.3 billion.
What is James Hardie Industries's ROIC?
James Hardie Industries's return on invested capital was 3.3% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does James Hardie Industries have?
James Hardie Industries had total debt of $4.8 billion at the end of fiscal 2026, a debt-to-equity ratio of 0.74 and $4.2 billion of net debt (4.56 times EBITDA).
Does James Hardie Industries buy back its shares?
Yes. James Hardie Industries spent $13.7 million on net share repurchases in fiscal 2026 Shares outstanding changed +26.2% over the year, to 545.5M..
What is James Hardie Industries's free cash flow yield?
James Hardie Industries generated $205.9 million of free cash flow in fiscal 2026, a free cash flow yield of 2.0% on its market value at year-end ($10.3 billion).
What is James Hardie Industries's current ratio?
James Hardie Industries's current ratio was 1.58 at the end of fiscal 2026: current assets were 1.58 times current liabilities.