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GlencoreGLCNF -0.07%75 EV-to-EBITDA is 11.33 as of Jul. 25, 2026, which is 49% above its 10-year median of 7.59. GuruFocus rates GLCNF with a GF Score™ of 75/100 and a GF Value™ of $6.14 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 688 Metals & Mining companies, Glencore ranks worse than 56.54% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Glencore's enterprise value is $117,101 Mil.
Glencore's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was $10,339 Mil. Therefore, Glencore's EV-to-EBITDA for today is 11.33.
The historical rank and industry rank for Glencore's EV-to-EBITDA or its related term are showing as below:
GLCNF'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -95.29 Med: 7.59 Max: 32.68
Current: 11.36
During the past 13 years, the highest EV-to-EBITDA of Glencore was 32.68. The lowest was -95.29. And the median was 7.59.
GLCNF's EV-to-EBITDA is ranked worse than 56.54% of 688
companies
in the Metals & Mining industry
Industry Median: 10.05
vs GLCNF: 11.36
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
Glencore (OTCPK:GLCNF) EV-to-EBITDA Explanation
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Glencore's share price for today is $7.165.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Glencore's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was $0.030.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for Glencore's EV-to-EBITDA can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Other Industrial Metals & Mining subindustry, Glencore's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Glencore EV-to-EBITDA vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Glencore's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Glencore's EV-to-EBITDA falls into.
Glencore's current Enterprise Value is $117,101 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Glencore's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was $10,339 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Glencore (GLCNF) has a EV-to-EBITDA of 11.33 as of Jul. 25, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Glencore. This is 49% above median its historical median of 7.59. According to the industry distribution chart, Glencore ranks #389 out of 688 companies in the Metals & Mining industry, placing it in the top 56.5%.
Is Glencore's EV-to-EBITDA too high?
Glencore's current EV-to-EBITDA of 11.33 is 49% above median its 10-year median of 7.59. The Metals & Mining industry median EV-to-EBITDA is 10.05. Glencore's value of 11.33 is 12.7% above this industry median. Based on the distribution chart, Glencore ranks #389 out of 688 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Glencore has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Glencore's EV-to-EBITDA compare to competitors?
According to the Metals & Mining industry distribution chart, Glencore ranks #389 out of 688 companies for EV-to-EBITDA. This places Glencore in the lower half of its industry. The industry median EV-to-EBITDA is 10.05. Glencore's value of 11.33 is 12.7% above this benchmark. While the company's 10-year median is 7.59 vs. the industry median of 10.05, Glencore has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBITDA for a Metals & Mining company?
The median EV-to-EBITDA among Metals & Mining companies is 10.05, based on 688 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Glencore's current EV-to-EBITDA of 11.33 is 12.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Glencore. For the Metals & Mining industry, the median EV-to-EBITDA is 10.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Glencore's current EV-to-EBITDA is 11.33, which is 49% above median its own 10-year median of 7.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Glencore stock overvalued right now?
Based on GuruFocus' analysis, Glencore (GLCNF) is currently considered Modestly Overvalued. The stock's GF Value™ is $6.14, compared to a current price of $7.17 — trading 16.7% above its estimated fair value. The current EV-to-EBITDA is 11.33, which is 49% above median its 10-year median of 7.59 and 12.7% above the Metals & Mining industry median of 10.05. Glencore's overall GF Score™ is 75/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Glencore (GLCNF), the current EV-to-EBITDA is 11.33 as of Jul. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Glencore (GLCNF) Overvalued in 2026?
Based on GuruFocus' analysis, Glencore stock appears to be overvalued.
The current stock price of $7.17 is trading 16.7% above its estimated GF Value™ of $6.14.
GuruFocus considers Glencore to be Modestly Overvalued.
Key valuation signals for GLCNF:
EV-to-EBITDA: 11.33 (49% above median its 10-year median of 7.59)
GF Value™: $6.14 vs. price of $7.17 (16.7% above fair value)
Industry Position: 12.7% above the Metals & Mining median (#389 of 688)
No single metric tells the full story. See the GLCNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Glencore is one of the world's largest commodities traders, active in markets for metals and minerals, and energy products. Its marketing business provides sourcing, logistics, transportation, storage, and financing services to commodity producers and consumers around the globe. Its mining or industrials business produces thermal coal, coking coal, copper, zinc, nickel, cobalt, and ferroalloys. Unlike other major miners who are generally reducing their exposure to coal, it plans to produce thermal coal until its mines exhaust, arguing that it is better for listed, western companies to own these assets and then rehabilitate them consistent with western standards. We agree. It also expanded its coking coal exposure via the purchase of 77% of Teck's metallurgical coal business in July 2024.
75GF Score
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