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GlencoreMEX:GLENN 60 EV-to-OCF is 20.14 as of Aug. 02, 2026, which is 128% above its 10-year median of 8.84. GuruFocus rates MEX:GLENN with a GF Score™ of 60/100 and a GF Value™ of MXN91.13 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 2,670 Metals & Mining companies, Glencore ranks worse than 93% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Glencore's Enterprise Value is MXN2,063,634 Mil.
Glencore's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was MXN102,479 Mil. Therefore, Glencore's EV-to-OCF for today is 20.14.
The historical rank and industry rank for Glencore's EV-to-OCF or its related term are showing as below:
MEX:GLENN'
s EV-to-OCF Range Over the Past 10 Years
Min: 5.87 Med: 8.84 Max: 38.37
Current: 20.94
During the past 13 years, the highest EV-to-OCF of Glencore was 38.37. The lowest was 5.87. And the median was 8.84.
MEX:GLENN's EV-to-OCF is ranked worse than 93% of 2670
companies
in the Metals & Mining industry
Industry Median: -8.44
vs MEX:GLENN: 20.94
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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 MXN120.66.
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 MXN0.495.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Glencore EV-to-OCF Related Terms
Glencore EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Glencore's EV-to-OCF 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-OCF, along with its competitors' market caps and EV-to-OCF 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-OCF vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Glencore's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Glencore's EV-to-OCF falls into.
Glencore's current Enterprise Value is MXN2,063,634 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Glencore's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was MXN102,479 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 (MEX:GLENN) has a EV-to-OCF of 20.14 as of Aug. 02, 2026. This is 128% above median its historical median of 8.84. Over the past decade, Glencore's EV-to-OCF has ranged from 5.87 to 38.37. According to the industry distribution chart, Glencore ranks #2483 out of 2670 companies in the Metals & Mining industry, placing it in the top 93%.
Is Glencore's EV-to-OCF too high?
Glencore's current EV-to-OCF of 20.14 is 128% above median its 10-year median of 8.84. Over the past 10 years, this metric has ranged from a low of 5.87 to a high of 38.37. Based on the distribution chart, Glencore ranks #2483 out of 2670 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Glencore has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Glencore's EV-to-OCF compare to competitors?
According to the Metals & Mining industry distribution chart, Glencore ranks #2483 out of 2670 companies for EV-to-OCF. This places Glencore in the lower half of its industry. Historically, Glencore's own EV-to-OCF has ranged from 5.87 to 38.37 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for a Metals & Mining company?
A good EV-to-OCF depends on the Metals & Mining industry context. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. Glencore's current EV-to-OCF is 20.14, which is 128% above median its own 10-year median of 8.84. 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 (MEX:GLENN) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN91.13, compared to a current price of MXN120.66 — trading 32.4% above its estimated fair value. The current EV-to-OCF is 20.14, which is 128% above median its 10-year median of 8.84. Glencore's overall GF Score™ is 60/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Glencore (MEX:GLENN), the current EV-to-OCF is 20.14 as of Aug. 02, 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 (MEX:GLENN) Overvalued in 2026?
Based on GuruFocus' analysis, Glencore stock appears to be overvalued.
The current stock price of MXN120.66 is trading 32.4% above its estimated GF Value™ of MXN91.13.
GuruFocus considers Glencore to be Significantly Overvalued.
Key valuation signals for MEX:GLENN:
EV-to-OCF: 20.14 (128% above median its 10-year median of 8.84)
GF Value™: MXN91.13 vs. price of MXN120.66 (32.4% above fair value)
No single metric tells the full story. See the MEX:GLENN 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.
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