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Johnson Matthey vs Novozymes A/S: Which Stock Looks Stronger in 2026?

Johnson Matthey holds the cleaner structural position, with the lead spread across profitability and stability. Novozymes A/S 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 Novozymes A/S'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. Both peer scores are relative to the STOXX 600 universe, making them directly comparable.

Updated 2026-05-17

Profitability drives the lead, while growth keeps the result from looking one-sided. The overall score gap is 16 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. JMAT.L and NSIS-B.CO share the same industry classification.

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

Peer-Relative Score
JMAT.L
Johnson Matthey Plc
71
Peer-Score
Signal qualitylow
Peer basis: STOXX 600
vs
NSIS-B.CO
Novozymes A/S
55
Peer-Score
Signal qualityHigh
Peer basis: STOXX 600

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

Score differences across key dimensions.

Dimension spread: JMAT.L vs NSIS-B.CO Profitability 74 27 Stability 35 80 Valuation 83 39 Growth 86 95 JMAT.L NSIS-B.CO
Gap Ranking
#1 Profitability +47
#2 Stability +45
#3 Valuation +44
#4 Growth +9
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for JMAT.L and NSIS-B.CO Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer JMAT.LNSIS-B.CO Relative valuation Structural strength

The structural gap is limited here, but current pricing still leans against Novozymes A/S.

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

Entry today — historical context

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

BASED ON 5-YEAR HISTORY JMAT.L Elevated · above norm 0th 50th 100th 44 pct gap NSIS-B.CO Neutral · below norm 0th 50th 100th 76th 32nd
Today NSIS-B.CO sits in the lower-middle of its own 5-year history (32nd percentile), while JMAT.L sits higher in its own history (76th). Within each stock's own 5-year context, NSIS-B.CO is at a historically more favourable entry position than JMAT.L. 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
Profitability
Johnson Matthey Plc ranks near the top of the group on profitability; Novozymes A/S sits in the weaker half.
Stability
The same broad pattern appears on stability: Novozymes A/S ranks near the top of the group, while Johnson Matthey Plc stays in the weaker half.
Profitability — Dominant Gap
JMAT.L
74
NSIS-B.CO
27
Gap+47in favour of JMAT.L

Capital efficiency adds support, with a 14.6-point ROIC advantage.

What keeps the gap from being one-sided

There is still a strong counterforce in stability, so the lead stays clear without becoming a sweep.

What this means for the comparison

The profitability lead is clear, but pricing and stability still pull in the other direction — the result holds, but not without friction.

Explore full peer positioning in AssetNext

Break down the JMAT.L vs NSIS-B.CO comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Other comparisons with conflicting dimension signals

Explore how JMAT.L and NSIS-B.CO 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.