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

The structural profiles are close, with Johnson Matthey carrying a narrow edge on valuation. Ecolab still leads on profitability and stability, which keeps the comparison from looking entirely one-sided. Both sides have seen trend damage — neither carries a clear market edge right now. With both trends damaged, the structural comparison carries most of the weight here.

The comparison is based on similar long-term financial trajectories, not sector labels.

Updated 2026-04-05

Most of the lead runs through valuation, while growth helps make the separation broader.

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.
66
Peer-Score
Signal qualityHigh
vs
JMAT.L
Johnson Matthey Plc
69
Peer-Score
Signal qualityMedium

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 84 71 Stability 65 37 Valuation 50 84 Growth 62 77 ECL JMAT.L
Gap Ranking
#1 Valuation +34
#2 Stability +28
#3 Growth +15
#4 Profitability +13
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

Ecolab Inc. looks stronger, but the price setup still looks more supportive for Johnson Matthey Plc.

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

Relative Position vs Comparable Companies
Valuation
Both rank well on valuation, but Johnson Matthey Plc still holds a clear edge.
Stability
The same broad pattern appears on stability: Ecolab Inc. ranks near the top of the group, while Johnson Matthey Plc stays in the weaker half.
Valuation — Dominant Gap
ECL
50
JMAT.L
84
Gap+34in favour of JMAT.L

The multiple-based pricing edge comes from a forward P/E that is 14.9 turns lower.

What keeps the gap from being one-sided

Stability still tilts materially toward Ecolab Inc., which stops the result from looking dominant across the whole profile.

What this means for the comparison

Valuation is the clearest driver of the lead, with stability adding further support — though profitability 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.

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.