Home Compare JHX vs NHY.OL
Stock Comparison · Structural lead, mixed market

James Hardie Industries vs Norsk Hydro A: Which Stock Looks Stronger in 2026?

Norsk Hydro ASA holds the cleaner structural position, with the lead spread across stability and profitability. James Hardie Industries still has the edge on growth, which keeps the comparison from looking entirely one-sided. On the market side, Norsk Hydro ASA is in better shape — its trend is intact while James Hardie Industries's trend has broken down. That puts structure and market broadly in agreement — Norsk Hydro ASA's lead looks more confirmed than conflicted.

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

Updated 2026-04-05

This is not just a one-metric split: both stability and profitability materially support the lead. Norsk Hydro ASA leads by 25 points on the overall comparison score.

Trajectory Similarity
0.70
Similar
Peer-set rank: #10
within James Hardie Industries plc's functional peer set

This pair is matched through long-term financial trajectory similarity within the selected peer universe.

The pair sits on a clearly comparable long-term path, though it is not a near-twin match.

The strongest overlap appears in capital structure and margin consistency.

Similarity drivers
capital structuremargin consistency
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
JHX
James Hardie Industries plc
28
Peer-Score
Signal qualityMedium
vs
NHY.OL
Norsk Hydro ASA
53
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: JHX vs NHY.OL Profitability 25 59 Stability 22 70 Valuation 24 48 Growth 45 34 JHX NHY.OL
Gap Ranking
#1 Stability +48
#2 Profitability +34
#3 Valuation +24
#4 Growth +11
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for JHX and NHY.OL Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer JHXNHY.OL Relative valuation Structural strength

Norsk Hydro ASA looks stronger on relative valuation, while the broader price setup remains mixed.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Stability
Norsk Hydro ASA ranks near the top of the group on stability; James Hardie Industries plc sits in the weaker half.
Profitability
Norsk Hydro ASA sits in the stronger part of the group on profitability, while James Hardie Industries plc is closer to mid-pack.
Stability — Dominant Gap
JHX
22
NHY.OL
70
Gap+48in favour of NHY.OL

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

What keeps the gap from being one-sided

James Hardie Industries still pushes back on growth, with a 44-point revenue-growth advantage that keeps the read from becoming one-way.

What this means for the comparison

The lead is built on both stability and profitability — though growth still provides a counterweight.

Explore full peer positioning in AssetNext

Break down the JHX vs NHY.OL comparison across all dimensions with the full interactive tool.

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Similar stability-and-profitability comparisons

Explore how JHX and NHY.OL 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.