# Jardine Matheson Holdings Limited (JAR.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Industrials / Industrial Conglomerates. Price $62.50, market value $18.3 billion.

## Valuation
- **P/E (trailing): 16.5×** (5-yr avg 13.4×, 3-yr avg 20.3×). Jardine Matheson Holdings Limited trades at 16.5× trailing earnings, well above its own five-year average of 13.4×: investors are paying up relative to the company's past. The Industrials median in the September 2026 study was 25.7×.
- **Price / sales: 0.3×**. Each dollar of revenue is priced at 0.3×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 0.6×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 4.5×**. Enterprise value is 4.5× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 42.9%** (5-yr avg 21.3%). Free cash flow equals 42.9% of the market value, above its five-year average of 21.3%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 6.1%**. The inverse of the P/E: 6.1% of the price is earned each year.

## Profitability
- **Gross margin: 27.6%**. Jardine Matheson Holdings Limited keeps 27.6% of revenue after the direct cost of what it sells.
- **Operating margin: 7.8%**. 7.8% of revenue is left after running the business.
- **Net margin: 3.2%**. 3.2% of each dollar of sales reaches the bottom line.
- **Return on equity: 3.8%**. 3.8% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 8.4%**. Return on all capital, debt included, is 8.4%.
- **Return on assets: 0.7%**. Each dollar of assets produces 0.7% of profit.

## Growth
- **Revenue growth (1 yr): -4.4%** (3-yr -3.2%/yr, 5-yr 0.9%/yr). Revenue fell 4.4% over the last year, against 0.9% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 334.2%** (3-yr -21.6%/yr). Earnings per share rose 334.2%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 4.7%/yr**. Free cash flow has compounded at 4.7% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.63**. Debt is 0.63 times equity, moderate leverage.
- **Net debt / EBITDA: 1.5×**. It would take 1.5 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 3.7×**. Operating profit covers interest 3.7× over, a safe margin.
- **Current ratio: 1.53** (quick 1.23). Current assets cover the next year's liabilities 1.53 times.
- **Altman Z-score: 1.45**. A Z-score of 1.45 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 3.84%** ($2.40 per share, trailing). Jardine Matheson Holdings Limited yields 3.84%, an income-level yield.
- **Payout ratio: 42%** (12% of free cash flow). 42% of earnings goes out as dividends, leaving room to keep raising it.
- **Dividend growth (5 yr): 4.1%/yr** (1-yr -5.3%). The dividend has grown 4.1% a year over five years.
- **Shareholder yield: 4.6%**. Dividends plus net buybacks return 4.6% of the market value a year.

## Price and momentum
- **Total return (1 yr): 2.1%** (YTD 2.1%, 3-mo 0.0%). The shares are up 2.1% over twelve months including dividends.
- **From 52-week high: -24.2%** (6.1% above the low). Trading 24% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 52**. An RSI of 52 is neutral.
- **Beta (1 yr): 0.08** (volatility 22%). Beta of 0.08 against the FTSE All-Share: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=JAR.L · Page: https://foliofundamentals.com/stocks/jar.l

Not investment advice.