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Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Johnson Matthey Price-to-Tangible-Book Related Terms
Johnson Matthey Price-to-Tangible-Book Historical Data
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The historical data trend for Johnson Matthey's Price-to-Tangible-Book 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.
JMATF vs LIN, SHW, ECL: Price-to-Tangible-Book Comparison
For the Specialty Chemicals subindustry, Johnson Matthey's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Johnson Matthey's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Johnson Matthey's Price-to-Tangible-Book 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Johnson Matthey (JMATF) has a Price-to-Tangible-Book of 2.11 as of Sep. 17, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Johnson Matthey and its competitors. According to the industry distribution chart, Johnson Matthey ranks #697 out of 1547 companies in the Chemicals industry, placing it in the top 45.1%.
Is Johnson Matthey's Price-to-Tangible-Book too high?
Johnson Matthey's current Price-to-Tangible-Book is 2.11. The Chemicals industry median Price-to-Tangible-Book is 1.90. Johnson Matthey's value of 2.11 is 11.1% above this industry median. Based on the distribution chart, Johnson Matthey ranks #697 out of 1547 companies in the Chemicals industry, which is above the industry midpoint. Overall, Johnson Matthey has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does Johnson Matthey's Price-to-Tangible-Book compare to LIN and SHW?
According to the Chemicals industry distribution chart, Johnson Matthey ranks #697 out of 1547 companies for Price-to-Tangible-Book. This puts Johnson Matthey in the upper half of its industry. The industry median Price-to-Tangible-Book is 1.90. Johnson Matthey's value of 2.11 is 11.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for a Chemicals company?
The median Price-to-Tangible-Book among Chemicals companies is 1.90, based on 1,547 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Johnson Matthey's current Price-to-Tangible-Book of 2.11 is 11.1% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Johnson Matthey and its competitors. For the Chemicals industry, the median Price-to-Tangible-Book is 1.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Johnson Matthey's current Price-to-Tangible-Book is 2.11. 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?
Johnson Matthey (JMATF) has a current Price-to-Tangible-Book of 2.11. The stock's GF Value™ is $24.72, compared to a current price of $38.15 — trading 54.3% above its estimated fair value. The current Price-to-Tangible-Book is 2.11 and 11.1% above the Chemicals industry median of 1.90. Johnson Matthey's overall GF Score™ is 59/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Johnson Matthey (JMATF), the current Price-to-Tangible-Book is 2.11 as of Sep. 17, 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 (JMATF) Overvalued in 2026?
Based on GuruFocus' analysis, Johnson Matthey stock appears to be overvalued.
The current stock price of $38.15 is trading 54.3% above its estimated GF Value™ of $24.72.
Key valuation signals for JMATF:
Price-to-Tangible-Book: 2.11
GF Value™: $24.72 vs. price of $38.15 (54.3% above fair value)
Industry Position: 11.1% above the Chemicals median (#697 of 1547)
No single metric tells the full story. See the JMATF 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.
59GF Score
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