James Hardie Industries plc

CHIA:JHX Stock Report

Market Cap: AU$22.8b

James Hardie Industries Valuation

Is JHX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of JHX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
AU$52.47
Fair Value
0.9% overvalued intrinsic discount
18
Number of Analysts

Below Fair Value: JHX (A$52.95) is trading above our estimate of fair value (A$52.47)

Significantly Below Fair Value: JHX is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for JHX?

Key metric: As JHX is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for JHX. This is calculated by dividing JHX's market cap by their current earnings.
What is JHX's PE Ratio?
PE Ratio32.8x
EarningsUS$439.40m
Market CapUS$14.40b

Price to Earnings Ratio vs Peers

How does JHX's PE Ratio compare to its peers?

The above table shows the PE ratio for JHX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.9x
WGN Wagners Holding
27.9x18.5%AU$287.1m
NST Northern Star Resources
30.7x16.6%AU$19.6b
BSL BlueScope Steel
10.9x8.2%AU$8.8b
EVN Evolution Mining
26.2x13.0%AU$11.1b
JHX James Hardie Industries
32.8x18.2%AU$22.8b

Price-To-Earnings vs Peers: JHX is expensive based on its Price-To-Earnings Ratio (32.8x) compared to the peer average (23.9x).

Price to Earnings Ratio vs Industry

How does JHX's PE Ratio compare vs other companies in the Global Basic Materials Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
JHX 32.8xIndustry Avg. 15.7xNo. of Companies52PE01224364860+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: JHX is expensive based on its Price-To-Earnings Ratio (32.8x) compared to the Global Basic Materials industry average (15.7x).

Price to Earnings Ratio vs Fair Ratio

What is JHX's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

JHX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio32.8x
Fair PE Ratio23x

Price-To-Earnings vs Fair Ratio: JHX is expensive based on its Price-To-Earnings Ratio (32.8x) compared to the estimated Fair Price-To-Earnings Ratio (23x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst JHX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$52.95
AU$56.77
+7.2%
11.2%AU$67.40AU$44.00n/a18
Jan ’26AU$49.72
AU$57.06
+14.8%
10.7%AU$67.57AU$45.84n/a18
Dec ’25AU$56.18
AU$55.23
-1.7%
9.5%AU$64.94AU$44.89n/a16
Nov ’25AU$47.92
AU$53.31
+11.2%
10.1%AU$67.44AU$43.58n/a16
Oct ’25AU$56.25
AU$50.87
-9.6%
9.6%AU$61.45AU$42.15n/a16
Sep ’25AU$55.08
AU$52.23
-5.2%
9.5%AU$63.45AU$43.25n/a16
Aug ’25AU$54.40
AU$54.23
-0.3%
10.2%AU$67.70AU$45.11n/a16
Jul ’25AU$48.06
AU$53.17
+10.6%
10.2%AU$66.52AU$45.70n/a15
Jun ’25AU$46.76
AU$52.37
+12.0%
7.9%AU$60.09AU$45.72n/a15
May ’25AU$53.54
AU$57.41
+7.2%
10.8%AU$65.33AU$44.07n/a15
Apr ’25AU$61.52
AU$58.51
-4.9%
11.1%AU$68.82AU$44.28n/a15
Mar ’25AU$61.39
AU$58.21
-5.2%
10.1%AU$66.01AU$44.53n/a15
Feb ’25AU$57.40
AU$56.70
-1.2%
10.5%AU$65.92AU$46.01n/a14
Jan ’25AU$56.53
AU$51.08
-9.6%
7.2%AU$55.43AU$43.18AU$49.7214
Dec ’24AU$48.59
AU$50.12
+3.2%
12.1%AU$56.67AU$31.72AU$56.1815
Nov ’24AU$39.16
AU$48.88
+24.8%
11.3%AU$55.28AU$32.82AU$47.9215
Oct ’24AU$40.89
AU$49.75
+21.7%
11.8%AU$55.88AU$32.49AU$56.2515
Sep ’24AU$46.81
AU$49.76
+6.3%
11.6%AU$56.18AU$32.66AU$55.0816
Aug ’24AU$43.02
AU$41.97
-2.4%
13.9%AU$50.30AU$30.17AU$54.4016
Jul ’24AU$39.67
AU$39.10
-1.4%
12.8%AU$45.53AU$29.35AU$48.0616
Jun ’24AU$37.91
AU$39.45
+4.1%
11.7%AU$46.53AU$30.58AU$46.7616
May ’24AU$34.00
AU$36.28
+6.7%
12.0%AU$42.99AU$27.83AU$53.5415
Apr ’24AU$31.70
AU$37.11
+17.1%
13.2%AU$46.60AU$27.99AU$61.5216
Mar ’24AU$31.09
AU$35.90
+15.5%
12.9%AU$44.96AU$27.00AU$61.3916
Feb ’24AU$32.77
AU$35.33
+7.8%
16.1%AU$43.21AU$23.63AU$57.4015
Jan ’24AU$26.41
AU$36.79
+39.3%
16.6%AU$45.85AU$23.58AU$56.5314
Analyst Price Target
Consensus Narrative from 18 Analysts
AU$56.66
Fair Value
6.5% undervalued intrinsic discount
18
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/25 20:47
End of Day Share Price 2025/01/24 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

James Hardie Industries plc is covered by 37 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Russell WrightAPP Securities Pty Ltd.
Brook Campbell-CrawfordBarrenjoey Markets Pty Limited
Benjamin BrayshawBarrenjoey Markets Pty Limited