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Evonik Industries vs Johnson Matthey: Which Stock Looks Stronger in 2026?

Johnson Matthey holds the cleaner structural position, with valuation as the main driver and stability adding further support. Evonik Industries still has the edge on 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

The result is anchored in valuation, but profitability also reinforces the same direction. The overall score gap is 11 points in favour of Johnson Matthey Plc.

INDUSTRY COMPARISON

Both operate in: Specialty Chemicals

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

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

Peer-Relative Score
EVK.DE
Evonik Industries AG
58
Peer-Score
Signal qualityMedium
vs
JMAT.L
Johnson Matthey Plc
69
Peer-Score
Signal qualityMedium

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

Score differences across key dimensions.

Dimension spread: EVK.DE vs JMAT.L Profitability 53 71 Stability 58 37 Valuation 49 84 Growth 78 77 EVK.DE JMAT.L
Gap Ranking
#1 Valuation +35
#2 Stability +21
#3 Profitability +18
#4 Growth +1
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for EVK.DE and JMAT.L Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer EVK.DEJMAT.L Relative valuation Structural strength

The two profiles are relatively close, 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.

Relative Position vs Comparable Companies
Valuation
Both profiles are strong on valuation, but Johnson Matthey Plc leads clearly.
Stability
Evonik Industries AG sits in the stronger part of the group on stability, while Johnson Matthey Plc is closer to mid-pack.
Valuation — Dominant Gap
EVK.DE
49
JMAT.L
84
Gap+35in favour of JMAT.L

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

What keeps the gap from being one-sided

Stability still leans toward Evonik Industries AG, so the lead is real without reading as one-way.

What this means for the comparison

The valuation edge is decisive, even though current pricing and stability still lean somewhat toward Evonik Industries AG.

Explore full peer positioning in AssetNext

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

Explore full breakdown →
Other comparisons with conflicting dimension signals

Explore how EVK.DE 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.