James Hardie Industries plc (JHX) is overvalued and Vulcan Materials Co (VMC) is overvalued.
Both trade above our estimate of their intrinsic value. VMC is the closer of the two: -60%, against -304% for JHX.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 11.1% (average of 3 methods) values the shares at $6.76; the price of $27.34 is 304% above that value, and 70% of that value comes from beyond year five.
Leak Score 0/100 on 3 of 12 signals
Discounting its cash flows at 9.5% (average of 3 methods) values the shares at $155.27; the price of $247.87 is 60% above that value, and 74% of that value comes from beyond year five.
Leak Score 57/100 on 10 of 12 signals
| Metric | JHX | VMC |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $27.34 | $247.87 |
| Intrinsic value | $6.76 | $155.27 |
| Margin of safety | -304% | -60% |
| Leak Score | 0/100 (3/12) | 57/100 (10/12) |
| Market cap | $15.9B | $32.1B |
| Revenue growth, 5 years | 10.7% | 10.3% |
| Operating margin | 13.7% | 20.7% |
| Net margin | 2.7% | 13.8% |
| Return on equity | 3.3% | 13.2% |
| Debt to equity | 0.69 | 0.58 |
| P/E | 110.1x | 29.3x |
| Forward P/E | 17.4x | 23.4x |
| P/B | 2.4x | 3.8x |
| Dividend yield | — | 0.9% |