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Johnson MattheyLSE:JMAT +1.68%63 EV-to-FCF is 18.19 as of Jul. 14, 2026, which is 35% below its 10-year median of 28.19. GuruFocus rates LSE:JMAT with a GF Score™ of 63/100 and a GF Value™ of £13.06 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 923 Chemicals companies, Johnson Matthey ranks better than 57.64% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Johnson Matthey's Enterprise Value is £4,112 Mil.
Johnson Matthey's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was £226 Mil. Therefore, Johnson Matthey's EV-to-FCF for today is 18.19.
The historical rank and industry rank for Johnson Matthey's EV-to-FCF or its related term are showing as below:
LSE:JMAT'
s EV-to-FCF Range Over the Past 10 Years
Min: -186.6 Med: 28.19 Max: 227.11
Current: 17.96
During the past 13 years, the highest EV-to-FCF of Johnson Matthey was 227.11. The lowest was -186.60. And the median was 28.19.
LSE:JMAT's EV-to-FCF is ranked better than 57.64% of 923
companies
in the Chemicals industry
Industry Median: 21.86
vs LSE:JMAT: 17.96
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Johnson Matthey's PE Ratio (TTM) for today is calculated as:
Johnson Matthey's share price for today is £19.34.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Johnson Matthey's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was £-0.572.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Johnson Matthey EV-to-FCF Related Terms
Johnson Matthey EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Johnson Matthey's EV-to-FCF 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.
For the Specialty Chemicals subindustry, Johnson Matthey's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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.
Johnson Matthey EV-to-FCF vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Johnson Matthey's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Johnson Matthey's EV-to-FCF falls into.
Johnson Matthey's current Enterprise Value is £4,112 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Johnson Matthey's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was £226 Mil.
* 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.
Johnson Matthey (LSE:JMAT) has a EV-to-FCF of 18.19 as of Jul. 14, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Johnson Matthey and its competitors. This is 35% below median its historical median of 28.19. According to the industry distribution chart, Johnson Matthey ranks #391 out of 923 companies in the Chemicals industry, placing it in the top 42.4%.
Is Johnson Matthey's EV-to-FCF too high?
Johnson Matthey's current EV-to-FCF of 18.19 is 35% below median its 10-year median of 28.19. The Chemicals industry median EV-to-FCF is 21.86. Johnson Matthey's value of 18.19 is 16.8% below this industry median. Based on the distribution chart, Johnson Matthey ranks #391 out of 923 companies in the Chemicals industry, which is above the industry midpoint. Overall, Johnson Matthey has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Johnson Matthey's EV-to-FCF compare to LIN and SHW?
According to the Chemicals industry distribution chart, Johnson Matthey ranks #391 out of 923 companies for EV-to-FCF. This puts Johnson Matthey in the upper half of its industry. The industry median EV-to-FCF is 21.86. Johnson Matthey's value of 18.19 is 16.8% below this benchmark. While the company's 10-year median is 28.19 vs. the industry median of 21.86, Johnson Matthey 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 EV-to-FCF for a Chemicals company?
The median EV-to-FCF among Chemicals companies is 21.86, based on 923 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Johnson Matthey's current EV-to-FCF of 18.19 is 16.8% 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 EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Johnson Matthey and its competitors. For the Chemicals industry, the median EV-to-FCF is 21.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Johnson Matthey's current EV-to-FCF is 18.19, which is 35% below median its own 10-year median of 28.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Johnson Matthey stock overvalued right now?
Based on GuruFocus' analysis, Johnson Matthey (LSE:JMAT) is currently considered Significantly Overvalued. The stock's GF Value™ is £13.06, compared to a current price of £19.34 — trading 48.1% above its estimated fair value. The current EV-to-FCF is 18.19, which is 35% below median its 10-year median of 28.19 and 16.8% below the Chemicals industry median of 21.86. Johnson Matthey's overall GF Score™ is 63/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Johnson Matthey (LSE:JMAT), the current EV-to-FCF is 18.19 as of Jul. 14, 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.
Is Johnson Matthey (LSE:JMAT) Overvalued in 2026?
Based on GuruFocus' analysis, Johnson Matthey stock appears to be overvalued.
The current stock price of £19.34 is trading 48.1% above its estimated GF Value™ of £13.06.
GuruFocus considers Johnson Matthey to be Significantly Overvalued.
Key valuation signals for LSE:JMAT:
EV-to-FCF: 18.19 (35% below median its 10-year median of 28.19)
GF Value™: £13.06 vs. price of £19.34 (48.1% above fair value)
Industry Position: 16.8% below the Chemicals median (#391 of 923)
No single metric tells the full story. See the LSE:JMAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Johnson Matthey PLC is a platinum group metals (PGMs) company. It uses metal chemistry, catalysis, and process engineering and provides technology and expertise to energy, chemicals, and automotive companies to decarbonise, reduce harmful emissions, and improve sustainability. Its segments include Clean Air, PGM Services, Catalyst Technologies, Hydrogen Technologies and Value Businesses. The company generates maximum revenue from the PGM Services segment, which enables the energy transition through providing circular solutions as demand for scarce critical materials increases, provides a strategic service to the group supporting the other segments with security of metal supply, and manufactures value-added PGM products. The company derives key revenue from the United Kingdom.
63GF Score
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