Johnson MattheyJMPLY 68 Gross Margin % is 4.39% as of Mar. 2026, which is 35% below its 10-year median of 6.77. GuruFocus rates JMPLY with a GF Score™ of 68/100 and a GF Value™ of $43.18 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,564 Chemicals companies, Johnson Matthey ranks worse than 90.66% on this metric.
Johnson Matthey PLC gross margin has been in long-term decline. The average rate of decline per year is -3.2%.
The historical rank and industry rank for Johnson Matthey's Gross Margin % or its related term are showing as below:
JMPLY'
s Gross Margin % Range Over the Past 10 Years
Min: 5 Med: 6.77 Max: 9.46
Current: 5
During the past 13 years, the highestGross Margin % of Johnson Matthey was 9.46%. The lowest was 5.00%. And the median was 6.77%.
JMPLY's Gross Margin % is ranked worse than 90.66% of 1564
companies
in the Chemicals industry
Industry Median: 23.375
vs JMPLY: 5.00
Johnson Matthey had a gross margin of 4.39% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Johnson Matthey was -3.20% per year.
Johnson Matthey (OTCPK:JMPLY) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Johnson Matthey had a gross margin of 4.39% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Johnson Matthey Gross Margin % Related Terms
Johnson Matthey Gross Margin % Historical Data
* Premium members only.
The historical data trend for Johnson Matthey's Gross Margin % 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 Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Johnson Matthey's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Johnson Matthey's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Johnson Matthey (JMPLY) has a Gross Margin % of 4.39% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Johnson Matthey and its competitors. This is 35% below median its historical median of 6.77. Over the past decade, Johnson Matthey's Gross Margin % has ranged from 5.00 to 9.46. According to the industry distribution chart, Johnson Matthey ranks #1418 out of 1564 companies in the Chemicals industry, placing it in the top 90.7%.
Is Johnson Matthey's Gross Margin % too high?
Johnson Matthey's current Gross Margin % of 4.39% is 35% below median its 10-year median of 6.77. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 9.46. The Chemicals industry median Gross Margin % is 23.38. Johnson Matthey's value of 4.39% is 81.2% below this industry median. Based on the distribution chart, Johnson Matthey ranks #1418 out of 1564 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Johnson Matthey has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Johnson Matthey's Gross Margin % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Johnson Matthey ranks #1418 out of 1564 companies for Gross Margin %. This places Johnson Matthey in the lower half of its industry. The industry median Gross Margin % is 23.38. Johnson Matthey's value of 4.39% is 81.2% below this benchmark. Historically, Johnson Matthey's own Gross Margin % has ranged from 5.00 to 9.46 over the past decade. While the company's 10-year median is 6.77 vs. the industry median of 23.38, 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 Gross Margin % for a Chemicals company?
The median Gross Margin % among Chemicals companies is 23.38, based on 1,564 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Johnson Matthey's current Gross Margin % of 4.39% is 81.2% 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Johnson Matthey and its competitors. For the Chemicals industry, the median Gross Margin % is 23.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Johnson Matthey's current Gross Margin % is 4.39%, which is 35% below median its own 10-year median of 6.77. 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 (JMPLY) is currently considered Modestly Overvalued. The stock's GF Value™ is $43.18, compared to a current price of $54.97 — trading 27.3% above its estimated fair value. The current Gross Margin % is 4.39%, which is 35% below median its 10-year median of 6.77 and 81.2% below the Chemicals industry median of 23.38. Johnson Matthey's overall GF Score™ is 68/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Johnson Matthey (JMPLY), the current Gross Margin % is 4.39% as of Mar. 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 (JMPLY) Overvalued in 2026?
Based on GuruFocus' analysis, Johnson Matthey stock appears to be overvalued.
The current stock price of $54.97 is trading 27.3% above its estimated GF Value™ of $43.18.
GuruFocus considers Johnson Matthey to be Modestly Overvalued.
Key valuation signals for JMPLY:
Gross Margin %: 4.39% (35% below median its 10-year median of 6.77)
GF Value™: $43.18 vs. price of $54.97 (27.3% above fair value)
Industry Position: 81.2% below the Chemicals median (#1418 of 1564)
No single metric tells the full story. See the JMPLY 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.
68GF Score
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