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James Hardie IndustriesASX:JHX +0.48%68 Equity-to-Asset is 0.49 as of Jun. 2026, which is 58% above its 10-year median of 0.31. GuruFocus rates ASX:JHX with a GF Score™ of 68/100. The stock has 10 warning signs investors should review. Among 414 Building Materials companies, James Hardie Industries ranks worse than 60.39% on this metric.
James Hardie Industries (ASX:JHX) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
James Hardie Industries Equity-to-Asset Related Terms
James Hardie Industries Equity-to-Asset Historical Data
* 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.
ASX:JHX vs EXP, KNF, USLM: Equity-to-Asset Comparison
For the Building Materials subindustry, James Hardie Industries's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, James Hardie Industries's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where James Hardie Industries's Equity-to-Asset falls into.
James Hardie Industries Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
James Hardie Industries's Equity to Asset Ratio for the fiscal year that ended in Mar. 2026 is calculated as
* 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 (ASX:JHX) has a Equity-to-Asset of 0.49 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on James Hardie Industries and its competitors. This is 58% above median its historical median of 0.31. According to the industry distribution chart, James Hardie Industries ranks #250 out of 414 companies in the Building Materials industry, placing it in the top 60.4%.
Is James Hardie Industries' Equity-to-Asset too high?
James Hardie Industries' current Equity-to-Asset of 0.49 is 58% above median its 10-year median of 0.31. The Building Materials industry median Equity-to-Asset is 0.55. James Hardie Industries' value of 0.49 is 10.9% below this industry median. Based on the distribution chart, James Hardie Industries ranks #250 out of 414 companies in the Building Materials industry, which is below the industry midpoint. Overall, James Hardie Industries has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does James Hardie Industries' Equity-to-Asset compare to EXP and KNF?
According to the Building Materials industry distribution chart, James Hardie Industries ranks #250 out of 414 companies for Equity-to-Asset. This places James Hardie Industries in the lower half of its industry. The industry median Equity-to-Asset is 0.55. James Hardie Industries' value of 0.49 is 10.9% below this benchmark. While the company's 10-year median is 0.31 vs. the industry median of 0.55, James Hardie Industries has consistently been below 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 Equity-to-Asset for a Building Materials company?
The median Equity-to-Asset among Building Materials companies is 0.55, based on 414 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. James Hardie Industries's current Equity-to-Asset of 0.49 is 10.9% below 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on James Hardie Industries and its competitors. For the Building Materials industry, the median Equity-to-Asset is 0.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. James Hardie Industries's current Equity-to-Asset is 0.49, which is 58% above median its own 10-year median of 0.31. 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 (ASX:JHX) has a current Equity-to-Asset of 0.49. The current Equity-to-Asset is 0.49, which is 58% above median its 10-year median of 0.31 and 10.9% below the Building Materials industry median of 0.55. James Hardie Industries' overall GF Score™ is 68/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For James Hardie Industries (ASX:JHX), the current Equity-to-Asset is 0.49 as of Jun. 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.
68GF Score
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