Glencore plc (GLCNF) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Glencore plc $2.23, price $7.35, upside -69.7%, quality 54 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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Glencore plc
GLCNF · USStretched ValuationStrong overvaluation with only moderate quality.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 28, 2026.
How to read this chart
60‑month range $2.82 – $8.56 · fair‑value band $0.9300 – $2.23 · the $7.35 price screens above the $2.23 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 28, 2026.
Company profile
Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. The company operates in two segments, Marketing Activities and Industrial Activities.
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Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. The company operates in two segments, Marketing Activities and Industrial Activities. It engages in the production and marketing of copper, cobalt, lead, nickel, zinc, chrome ore, ferrochrome, vanadium, aluminum, alumina, and iron ore; and coal, crude oil, refined products, and natural gas, as well as oil exploration and production and refining and distribution. The company is also involved in marketing and distributing physical commodities sourced from third party producers to industrial consumers, including the battery, electronic, construction, automotive, steel, energy, and oil industries. In addition, the company provides financing, logistics, and other services to producers and consumers of commodities. Glencore plc was founded in 1974 and is headquartered in Baar, Switzerland.
Stock analysis
Glencore plc (GLCNF) currently trades at $7.35, while our model-based Fair Value estimate is $2.23, 69.7% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of $2.23 per share, and 1 of the 24 models we run sit above the $7.35 price.
Bear case: the Growth Earnings group reads lowest at $0.4700, and 23 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: $0.9300 (bear) to $2.23 (bull), the price of $7.35 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 54/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Glencore plc reported revenue of $253B in FY2025 versus $204B in FY2021, a compound +5.6%/yr. Reported net income was $371M in FY2025, compounding −47.7%/yr from FY2021.
Key figures
Market cap $88.6B · P/E ratio 243.2 · P/S ratio 0.36 · EPS (TTM) $0.0300 · Dividend yield 2.3% · Net margin 0.1% · Return on equity 0.4% · Return on assets (EBIT) 7.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 14% below its 52-week high and 69% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at −70%, GLCNF screens richer than that median.
Fair Value models
All 24 models by family
Notify me when GLCNF reaches fair value
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Set up alert →Quality Score breakdown
Of which business quality 52 · Market factors (momentum, volatility) 74
Revenue & earnings trend
Growth Forecast
Recent news
- Glencore (LSE:GLEN) Stock Trades At a Premium After Its 104% 5 Year Run
- UBS upgrades Glencore as commodity gains boost earnings outlook
- Suspended Glencore Executive Told Radiant ‘Say Nothing on Email’
- Update: Market Chatter: Radiant World Sues Glencore for $2 Billion, Executive Says
Compare Glencore plc with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Other Industrial Metals & Mining · 354 stocks
Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper
Context: sector, industry, market
- Is the Materials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Saudi Arabian Mining Company 1211 | 61.10 SAR | 67.21 SAR | +10% |
| CMOC Group 603993 | ¥17.08 | ¥19.15 | +12% |
| Hindustan Zinc Limited HINDZINC | ₹588.95 | ₹647.85 | +10% |
| China Tungsten And Hightech Materials Co 000657 | ¥57.18 | ¥29.56 | −48% |
| Korea Zinc Company 010130 | 1,116,000 KRW | 646,063 KRW | −42% |
| Boliden AB BOL | kr 521.00 | kr 464.45 | −11% |
| Western Mining Co 601168 | ¥35.19 | ¥38.71 | +10% |
| Ivanhoe Mines Ltd IVN | C$12.06 | C$4.46 | −63% |
| Xiamen Tungsten Co 600549 | ¥46.90 | ¥23.62 | −50% |
| Vedanta Limited VEDL | ₹266.35 | ₹655.92 | +146% |
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