Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
James Hardie IndustriesJHX +0.48%45 Cyclically Adjusted PB Ratio is 7.86 as of Jul. 30, 2026, which is 2% above its 10-year median of 7.70. GuruFocus rates JHX with a GF Scoreâ„¢ of 45/100. The stock has 9 warning signs investors should review. Among 315 Building Materials companies, James Hardie Industries ranks worse than 93.65% on this metric.
The historical rank and industry rank for James Hardie Industries's Cyclically Adjusted PB Ratio or its related term are showing as below:
JHX'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5.55 Med: 7.7 Max: 12.24
Current: 7.82
During the past years, James Hardie Industries's highest Cyclically Adjusted PB Ratio was 12.24. The lowest was 5.55. And the median was 7.70.
JHX's Cyclically Adjusted PB Ratio is ranked worse than 93.65% of 315
companies
in the Building Materials industry
Industry Median: 0.98
vs JHX: 7.82
The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.
James Hardie Industries's adjusted book value per share data for the three months ended in Mar. 2026 was $11.075. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $3.35 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
James Hardie Industries (NYSE:JHX) Cyclically Adjusted PB Ratio Explanation
Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.
James Hardie Industries Cyclically Adjusted PB Ratio Related Terms
James Hardie Industries Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for James Hardie Industries's Cyclically Adjusted PB Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
James Hardie Industries Cyclically Adjusted PB Ratio Chart
JHX vs EXP, KNF, USLM: Cyclically Adjusted PB Ratio Comparison
For the Building Materials subindustry, James Hardie Industries's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
James Hardie Industries Cyclically Adjusted PB Ratio vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, James Hardie Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where James Hardie Industries's Cyclically Adjusted PB Ratio falls into.
James Hardie Industries Cyclically Adjusted PB Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
What does a Cyclically Adjusted PB Ratio of 7.86 mean?
James Hardie Industries (JHX) has a Cyclically Adjusted PB Ratio of 7.86 as of Jul. 30, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on James Hardie Industries and its competitors. This is near median its historical median of 7.70. Over the past decade, James Hardie Industries' Cyclically Adjusted PB Ratio has ranged from 5.55 to 12.24. According to the industry distribution chart, James Hardie Industries ranks #295 out of 315 companies in the Building Materials industry, placing it in the top 93.7%.
Is James Hardie Industries' Cyclically Adjusted PB Ratio too high?
James Hardie Industries' current Cyclically Adjusted PB Ratio of 7.86 is near median its 10-year median of 7.70. Over the past 10 years, this metric has ranged from a low of 5.55 to a high of 12.24. The Building Materials industry median Cyclically Adjusted PB Ratio is 0.98. James Hardie Industries' value of 7.86 is 702% above this industry median. Based on the distribution chart, James Hardie Industries ranks #295 out of 315 companies in the Building Materials industry, which is in the bottom quartile relative to peers. Overall, James Hardie Industries has a GF Scoreâ„¢ of 45/100, reflecting its overall financial health beyond just this single metric.
How does James Hardie Industries' Cyclically Adjusted PB Ratio compare to EXP and KNF?
According to the Building Materials industry distribution chart, James Hardie Industries ranks #295 out of 315 companies for Cyclically Adjusted PB Ratio. This places James Hardie Industries in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.98. James Hardie Industries' value of 7.86 is 702% above this benchmark. Historically, James Hardie Industries' own Cyclically Adjusted PB Ratio has ranged from 5.55 to 12.24 over the past decade. While the company's 10-year median is 7.70 vs. the industry median of 0.98, James Hardie Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Building Materials company?
The median Cyclically Adjusted PB Ratio among Building Materials companies is 0.98, based on 315 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. James Hardie Industries's current Cyclically Adjusted PB Ratio of 7.86 is 702% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on James Hardie Industries and its competitors. For the Building Materials industry, the median Cyclically Adjusted PB Ratio is 0.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. James Hardie Industries's current Cyclically Adjusted PB Ratio is 7.86, which is near median its own 10-year median of 7.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is James Hardie Industries stock overvalued right now?
James Hardie Industries (JHX) has a current Cyclically Adjusted PB Ratio of 7.86. The current Cyclically Adjusted PB Ratio is 7.86, which is near median its 10-year median of 7.70 and 702% above the Building Materials industry median of 0.98. James Hardie Industries' overall GF Score™ is 45/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For James Hardie Industries (JHX), the current Cyclically Adjusted PB Ratio is 7.86 as of Jul. 30, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
James Hardie is a manufacturer of fiber cement-based building products, selling primarily to the residential construction industry. North America is the primary geography, generating about 80% of group earnings. Here, it is the largest manufacturer of fiber cement, which is mainly used for exterior siding on houses. Following the Azek acquisition in 2025, it also produces wooden composite decking materials, siding trims, and accessories for outdoor areas including stair and deck railing. Businesses in Australia, New Zealand, and Europe, make up the rest of earnings.
45GF Score
Get the complete analysis for JHX
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
JHX has been successfully added to your 
