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Is the Johnson Matthey share price good value at 2,744p?

Jack Brumby

Johnson Matthey (LON:JMAT) is a large cap provider of catalysts and catalyst systems to reduce emissions from vehicles and industry for customers in the global automotive, chemicals, pharmaceuticals and other industrial markets.

Right now the Johnson Matthey share price appears to represent solid value, as shown in the group's Value Rank of 71. Let's explore this in more detail.


Digging into Johnson Matthey's Value Rank

Looking at Johnson Matthey's StockReport, we can see that the group has a:

  • Rolling price to book value of 1.95,
  • Trailing twelve month price to earnings ratio of 13.1
  • Trailing twelve month price to free cashflow of
  • Rolling dividend yield of 3.15%
  • Trailing twelve-month price to sales ratio of 0.51

This combination of financial traits suggests that, while Johnson Matthey stock is not the cheapest, it is far from expensive at these levels and is worth considering - especially if it is exposed to other positive stock market factors as well.

Studies indicate that combining factors such as Value, Quality and Momentum is a more effective way of outperforming the market over longer time frames. That's why we have constructed our StockReports to give an instant impression of how well exposed Johnson Matthey (LON:JMAT) is to these three factors. We go into greater detail on factor investing in this video

Stockopedia helps you to identify return-enhancing factors such as Quality, Value and Momentum by analysing thousands of data points every day. To find out more about you find investment opportunities and analyse your portfolios then take one of our two-week free trials and have a look around.