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

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.

What does this mean for potential investors?

Some of the best quality stocks in the market have defensible models that can deliver high levels of shareholder returns over the long term. But there are no guarantees and it's important to do your own research. Indeed, we've identified some areas of concern with Johnson Matthey that you can find out about here.