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Stock Comparison · Structural lead, mixed market

L'Air Liquide vs James Hardie Industries: Which Stock Looks Stronger in 2026?

L'Air Liquide holds the cleaner structural position, with stability as the main driver and valuation adding further support. James Hardie Industries does not offset that deficit through any equally strong structural edge elsewhere. The market setup broadly confirms the structural lead — L'Air Liquide holds the more constructive position. That puts structure and market broadly in agreement — L'Air Liquide'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 (AI.PA: STOXX 600, JHX: Russell 1000).

Updated 2026-05-17

The clearest separation starts in stability, but valuation adds another real layer to the result. L'Air Liquide S.A. leads by 23 points on the overall comparison score.

Trajectory Similarity
0.71
Similar
Peer-set rank: #2
within L'Air Liquide S.A.'s functional peer set

These two companies are linked by measured long-term financial trajectory similarity within the selected peer universe.

This level of similarity signals a strong structural match, even though some dimensions still separate the two companies.

The match is driven mainly by margin consistency and revenue stability.

Similarity drivers
margin consistencyrevenue stability
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
AI.PA
L'Air Liquide S.A.
46
Peer-Score
Signal qualitylow
Peer basis: STOXX 600
vs
JHX
James Hardie Industries plc
23
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: AI.PA vs JHX Profitability 40 20 Stability 73 19 Valuation 44 20 Growth 32 38 AI.PA JHX
Gap Ranking
#1 Stability +54
#2 Valuation +24
#3 Profitability +20
#4 Growth +6
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for AI.PA and JHX Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer AI.PAJHX Relative valuation Structural strength

L'Air Liquide S.A. looks stronger on relative valuation, while the broader price setup remains mixed.

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

Entry today — historical context

Where AI.PA and JHX each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY AI.PA Elevated · below norm 0th 50th 100th 83 pct gap JHX Lower · below norm 0th 50th 100th 92nd 10th
Today JHX sits in the lower portion of its own 5-year history (10th percentile), while AI.PA sits higher in its own history (92nd). Within each stock's own 5-year context, JHX is at a historically more favourable entry position than AI.PA. 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
Stability
L'Air Liquide S.A. ranks near the top of the group on stability; James Hardie Industries plc sits in the weaker half.
Valuation
L'Air Liquide S.A. holds the stronger peer position on valuation.
Stability — Dominant Gap
AI.PA
73
JHX
19
Gap+54in favour of AI.PA

The clearest distance comes from a steadier profile over time.

What keeps the gap from being one-sided

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

What this means for the comparison

Stability is the clearest driver, and valuation also supports L'Air Liquide S.A.'s broader structural position.

Explore full peer positioning in AssetNext

Break down the AI.PA vs JHX comparison across all dimensions with the full interactive tool.

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Similar stability-driven comparisons

Explore how AI.PA and JHX 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.