Johnson MattheyLSE:JMAT -1.17%63 PB Ratio is 1.68 as of Jun. 26, 2026, which is 1% below its 10-year median of 1.69. GuruFocus rates LSE:JMAT with a GF Score™ of 63/100 and a GF Value™ of £13.73 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,583 Chemicals companies, Johnson Matthey ranks better than 52.24% on this metric.
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. As of today (2026-06-26), Johnson Matthey's share price is £20.20. Johnson Matthey's Book Value per Share for the quarter that ended in Mar. 2026 was £12.01. Hence, Johnson Matthey's PB Ratio of today is 1.68.
Warning Sign:
Johnson Matthey PLC stock PB Ratio (=1.78) is close to 3-year high of 1.82.
The historical rank and industry rank for Johnson Matthey's PB Ratio or its related term are showing as below:
LSE:JMAT'
s PB Ratio Range Over the Past 10 Years
Min: 0.86 Med: 1.69 Max: 3.7
Current: 1.68
During the past 13 years, Johnson Matthey's highest PB Ratio was 3.70. The lowest was 0.86. And the median was 1.69.
LSE:JMAT's PB Ratio is ranked better than 52.24% of 1583
companies
in the Chemicals industry
Industry Median: 1.77
vs LSE:JMAT: 1.68
During the past 12 months, Johnson Matthey's average Book Value Per Share Growth Rate was -12.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -4.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -1.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 1.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Johnson Matthey was 17.00% per year. The lowest was -4.60% per year. And the median was 5.50% per year.
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.
Johnson Matthey PB Ratio Related Terms
Johnson Matthey PB Ratio Historical Data
* Premium members only.
The historical data trend for Johnson Matthey's 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.
For the Specialty Chemicals subindustry, Johnson Matthey'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.
Johnson Matthey PB Ratio vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Johnson Matthey's PB Ratio distribution charts can be found below:
* The bar in red indicates where Johnson Matthey'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.
Johnson Matthey's PB Ratio for today is calculated as follows:
* 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.
Johnson Matthey (LSE:JMAT) has a PB Ratio of 1.68 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Johnson Matthey and its competitors. This is near median its historical median of 1.69. Over the past decade, Johnson Matthey's PB Ratio has ranged from 0.86 to 3.70. According to the industry distribution chart, Johnson Matthey ranks #756 out of 1583 companies in the Chemicals industry, placing it in the top 47.8%.
Is Johnson Matthey's PB Ratio too high?
Johnson Matthey's current PB Ratio of 1.68 is near median its 10-year median of 1.69. Over the past 10 years, this metric has ranged from a low of 0.86 to a high of 3.70. The Chemicals industry median PB Ratio is 1.77. Johnson Matthey's value of 1.68 is 5.1% below this industry median. Based on the distribution chart, Johnson Matthey ranks #756 out of 1583 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 PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Johnson Matthey ranks #756 out of 1583 companies for PB Ratio. This puts Johnson Matthey in the upper half of its industry. The industry median PB Ratio is 1.77. Johnson Matthey's value of 1.68 is 5.1% below this benchmark. Historically, Johnson Matthey's own PB Ratio has ranged from 0.86 to 3.70 over the past decade. While the company's 10-year median is 1.69 vs. the industry median of 1.77, 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 PB Ratio for a Chemicals company?
The median PB Ratio among Chemicals companies is 1.77, based on 1,583 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. Johnson Matthey's current PB Ratio of 1.68 is 5.1% 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 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 Johnson Matthey and its competitors. For the Chemicals industry, the median PB Ratio is 1.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Johnson Matthey's current PB Ratio is 1.68, which is near median its own 10-year median of 1.69. 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 £13.73, compared to a current price of £20.20 — trading 47.1% above its estimated fair value. The current PB Ratio is 1.68, which is near median its 10-year median of 1.69 and 5.1% below the Chemicals industry median of 1.77. Johnson Matthey's overall GF Score™ is 63/100 with 7 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 Johnson Matthey (LSE:JMAT), the current PB Ratio is 1.68 as of Jun. 26, 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 £20.20 is trading 47.1% above its estimated GF Value™ of £13.73.
GuruFocus considers Johnson Matthey to be Significantly Overvalued.
Key valuation signals for LSE:JMAT:
PB Ratio: 1.68 (near median its 10-year median of 1.69)
GF Value™: £13.73 vs. price of £20.20 (47.1% above fair value)
Industry Position: 5.1% below the Chemicals median (#756 of 1583)
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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