Home Compare ECL vs JMAT.L
Stock Comparison · Industry comparison · Specialty Chemicals

Ecolab vs Johnson Matthey: Which Stock Looks Stronger in 2026?

Johnson Matthey holds the cleaner structural position, with stability as the main driver and valuation adding further support. Ecolab still has the edge on stability, which keeps the comparison from looking entirely one-sided. On the market side, Johnson Matthey is in better shape — its trend is intact while Ecolab's trend has broken down. That puts structure and market broadly in agreement — Johnson Matthey's lead looks more confirmed than conflicted.

The comparison is based on similar long-term financial trajectories, not sector labels. Peer scores are normalised within each company's primary universe (ECL: Russell 1000, JMAT.L: STOXX 600).

Updated 2026-05-17

Stability points more clearly toward Ecolab Inc., even if the broader score still leans toward Johnson Matthey Plc.

INDUSTRY COMPARISON

Both operate in: Specialty Chemicals

This comparison is based on industry proximity, not on functional trajectory similarity. ECL and JMAT.L share the same industry classification.

For a similarity-based comparison, see how Ecolab and Johnson Matthey each position within their functional peer groups in AssetNext.

Peer-Relative Score
ECL
Ecolab Inc.
63
Peer-Score
Signal qualitylow
Peer basis: Russell 1000
vs
JMAT.L
Johnson Matthey Plc
71
Peer-Score
Signal qualitylow
Peer basis: STOXX 600

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: ECL vs JMAT.L Profitability 55 74 Stability 66 35 Valuation 54 83 Growth 85 86 ECL JMAT.L
Gap Ranking
#1 Stability +31
#2 Valuation +29
#3 Profitability +19
#4 Growth +1
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for ECL and JMAT.L Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer ECLJMAT.L Relative valuation Structural strength

Johnson Matthey Plc and Ecolab Inc. look relatively close on structure, but the price setup still leans toward Johnson Matthey Plc.

Valuation position uses peer-relative PE percentile (idx_pct_pe) and Forward P/E where available.

Entry today — historical context

Where ECL and JMAT.L each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY ECL Elevated · below norm 0th 50th 100th 0 pct gap JMAT.L Elevated · above norm 0th 50th 100th 75th 76th
ECL (75th percentile) and JMAT.L (76th percentile) both sit in the upper portion of their own 5-year ranges. The historical entry context is broadly similar for both. This reflects entry timing, not which company is structurally stronger.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Stability
On stability, Ecolab Inc. ranks near the top of the group; Johnson Matthey Plc sits in the weaker half.
Valuation
On valuation, the same pattern holds: both are strong, but Johnson Matthey Plc still leads clearly.
Stability — Dominant Gap
ECL
66
JMAT.L
35
Gap+31in favour of ECL

The stability gap is wide, with the stronger side looking materially steadier through time.

What keeps the gap from being one-sided

Ecolab Inc. still shows lower market-fundamental divergence, which keeps the wider picture mixed rather than completely one-sided.

What this means for the comparison

Stability is the clearest driver of the lead, with valuation adding further support — though stability still provides a real counterweight.

Explore full peer positioning in AssetNext

Break down the ECL vs JMAT.L comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Other comparisons with conflicting dimension signals

Explore how ECL and JMAT.L each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.