James Hardie IndustriesASX:JHX +0.22%72 PB Ratio is 2.35 as of Jul. 06, 2026, which is 15% above its 10-year median of 2.05. GuruFocus rates ASX:JHX with a GF Score™ of 72/100. The stock has 8 warning signs investors should review. Among 397 Building Materials companies, James Hardie Industries ranks worse than 73.8% on this metric.
The historical rank and industry rank for James Hardie Industries's PB Ratio or its related term are showing as below:
ASX:JHX'
s PB Ratio Range Over the Past 10 Years
Min: 1.53 Med: 2.05 Max: 7.45
Current: 2.34
During the past 13 years, James Hardie Industries's highest PB Ratio was 7.45. The lowest was 1.53. And the median was 2.05.
ASX:JHX's PB Ratio is ranked worse than 73.8% of 397
companies
in the Building Materials industry
Industry Median: 1.19
vs ASX:JHX: 2.34
During the past 12 months, James Hardie Industries's average Book Value Per Share Growth Rate was 120.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 44.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 30.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of James Hardie Industries was 44.80% per year. The lowest was -39.80% per year. And the median was 16.00% per year.
Back to Basics: PB Ratio
James Hardie Industries (ASX:JHX) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
* 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 Building Materials subindustry, James Hardie Industries's PB Ratio, along with its competitors' market caps and 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 PB Ratio vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, James Hardie Industries's PB Ratio distribution charts can be found below:
* The bar in red indicates where James Hardie Industries's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
James Hardie Industries (ASX:JHX) has a PB Ratio of 2.35 as of Jul. 06, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on James Hardie Industries and its competitors. This is 15% above median its historical median of 2.05. Over the past decade, James Hardie Industries' PB Ratio has ranged from 1.53 to 7.45. According to the industry distribution chart, James Hardie Industries ranks #293 out of 397 companies in the Building Materials industry, placing it in the top 73.8%.
Is James Hardie Industries' PB Ratio too high?
James Hardie Industries' current PB Ratio of 2.35 is 15% above median its 10-year median of 2.05. Over the past 10 years, this metric has ranged from a low of 1.53 to a high of 7.45. The Building Materials industry median PB Ratio is 1.19. James Hardie Industries' value of 2.35 is 97.5% above this industry median. Based on the distribution chart, James Hardie Industries ranks #293 out of 397 companies in the Building Materials industry, which is below the industry midpoint. Overall, James Hardie Industries has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does James Hardie Industries' PB Ratio compare to EXP and KNF?
According to the Building Materials industry distribution chart, James Hardie Industries ranks #293 out of 397 companies for PB Ratio. This places James Hardie Industries in the lower half of its industry. The industry median PB Ratio is 1.19. James Hardie Industries' value of 2.35 is 97.5% above this benchmark. Historically, James Hardie Industries' own PB Ratio has ranged from 1.53 to 7.45 over the past decade. While the company's 10-year median is 2.05 vs. the industry median of 1.19, 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 PB Ratio for a Building Materials company?
The median PB Ratio among Building Materials companies is 1.19, based on 397 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. James Hardie Industries's current PB Ratio of 2.35 is 97.5% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on James Hardie Industries and its competitors. For the Building Materials industry, the median PB Ratio is 1.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. James Hardie Industries's current PB Ratio is 2.35, which is 15% above median its own 10-year median of 2.05. 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 PB Ratio of 2.35. The current PB Ratio is 2.35, which is 15% above median its 10-year median of 2.05 and 97.5% above the Building Materials industry median of 1.19. James Hardie Industries' overall GF Score™ is 72/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For James Hardie Industries (ASX:JHX), the current PB Ratio is 2.35 as of Jul. 06, 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.
72GF Score
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