JHX Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	14.58B EUR	15.19B EUR	10.99B EUR	12.03B EUR
Enterprise Value	18.83B EUR	19.43B EUR	15.51B EUR	16.55B EUR
Valuation Multiples
Trailing P/E	100.48x	104.28x	105.66x	159.37x
Forward P/E	15.68x	--	--	--
Price to Sales	2.7x	2.81x	2.27x	3.51x
Price to Book	2.23x	2.32x	1.71x	1.88x
EV/Revenue	3.48x	3.59x	3.21x	4.82x
EV/EBITDA	13.03x	13.88x	12.85x	20.04x
Price to FCF (P/FCF)	6.76x	43.11x	55x	82.13x
EV/FCF	8.73x	55.12x	77.6x	112.97x
FCF Yield	14.79%	2.32%	1.82%	1.22%