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

Johnson Matthey holds the cleaner structural position, with the lead spread across growth and profitability. The remaining gap is narrow enough that the comparison remains open to different readings. On the market side, Johnson Matthey is in better shape — its trend is intact while PPG Industries'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. Peer scores are normalised within each company's primary universe (JMAT.L: STOXX 600, PPG: Russell 1000).

Updated 2026-05-17

The lead is spread across growth and profitability, rather than sitting in one isolated gap.

INDUSTRY COMPARISON

Both operate in: Specialty Chemicals

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

For a similarity-based comparison, see how Johnson Matthey and PPG Industries 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
PPG
PPG Industries, Inc.
65
Peer-Score
Signal qualityMedium
Peer basis: Russell 1000

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: JMAT.L vs PPG Profitability 74 61 Stability 35 35 Valuation 83 88 Growth 86 65 JMAT.L PPG
Gap Ranking
#1 Growth +21
#2 Profitability +13
#3 Valuation +5
#4 Stability
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for JMAT.L and PPG Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer JMAT.LPPG Relative valuation Structural strength

The setup splits cleanly: structure favours Johnson Matthey Plc, while the price setup favours PPG Industries, Inc..

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

Entry today — historical context

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

BASED ON 5-YEAR HISTORY JMAT.L Elevated · above norm 0th 50th 100th 66 pct gap PPG Lower · below norm 0th 50th 100th 76th 10th
Today PPG sits in the lower portion of its own 5-year history (10th percentile), while JMAT.L sits higher in its own history (76th). Within each stock's own 5-year context, PPG 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
Growth
Both rank well on growth, but Johnson Matthey Plc still sits higher.
Profitability
On profitability, the same pattern holds: both rank well, but Johnson Matthey Plc still sits higher.
Growth — Dominant Gap
JMAT.L
86
PPG
65
Gap+21in favour of JMAT.L

Earnings growth is one contributing factor within the growth lead.

What keeps the gap from being one-sided

PPG Industries, Inc. still shows lower market-fundamental divergence, which keeps the wider picture mixed rather than completely one-sided.

What this means for the comparison

The lead is built on both growth and profitability, making it broader than a single-dimension result.

Explore full peer positioning in AssetNext

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

Explore full breakdown →
Similar growth-and-profitability comparisons

Explore how JMAT.L and PPG 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.