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

The structural profiles are close, with Ecolab carrying a narrow edge on valuation. Johnson Matthey still has the edge on valuation, which keeps the comparison from looking entirely one-sided. The market setup broadly confirms the structural lead — Ecolab holds the more constructive position. That puts structure and market broadly in agreement — Ecolab'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: S&P 500, JMAT.L: STOXX 600).

Updated 2026-07-05

The page question resolves through valuation, where Johnson Matthey Plc holds the stronger read even though the broader score still favours Ecolab Inc..

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.
61
Peer-Score
Signal qualitylow
Peer basis: S&P 500
vs
JMAT.L
Johnson Matthey Plc
59
Peer-Score
Signal qualitylow
Peer basis: STOXX 600

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

Pricing shapes this comparison more than a broad operating gap.

Dimension spread: ECL vs JMAT.L Profitability 52 19 Stability 64 49 Valuation 47 86 Growth 92 88 ECL JMAT.L
Gap Ranking
#1 Valuation +39
#2 Profitability +33
#3 Stability +15
#4 Growth +4
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.

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 · near norm 0th 50th 100th 31 pct gap JMAT.L Neutral · above norm 0th 50th 100th 98th 67th
Today JMAT.L sits in the upper-middle of its own 5-year history (67th percentile), while ECL sits higher in its own history (98th). Within each stock's own 5-year context, JMAT.L is at a historically more favourable entry position than ECL. This reflects entry timing, not which company is structurally stronger — peer-relative analysis is a separate question addressed above.

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

Relative Position vs Comparable Companies
Valuation
Both profiles are strong on valuation, but Johnson Matthey Plc leads clearly.
Profitability
On profitability, Ecolab Inc. is positioned higher in the group, while Johnson Matthey Plc is closer to the middle.
Valuation — Dominant Gap
ECL
47
JMAT.L
86
Gap+39in favour of JMAT.L

The peer-relative valuation gap is wide, with the stronger side also looking meaningfully cheaper.

What else supports the lead

Profitability adds some additional support to the lead, with a 14.7-point operating margin advantage.

What this means for the comparison

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