GlencoreLSE:GLEN -2.54%73 EV-to-FCF is -430.67 as of Jun. 25, 2026. GuruFocus rates LSE:GLEN with a GF Score™ of 73/100 and a GF Value™ of £4.58 (Modestly Overvalued). The stock has 11 warning signs investors should review. Among 446 Metals & Mining companies, Glencore ranks worse than 224215.02% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Glencore's Enterprise Value is £86,414 Mil.
Glencore's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was £-201 Mil. Therefore, Glencore's EV-to-FCF for today is -430.67.
The historical rank and industry rank for Glencore's EV-to-FCF or its related term are showing as below:
LSE:GLEN'
s EV-to-FCF Range Over the Past 10 Years
Min: -451.26 Med: 15.13 Max: 89.61
Current: -451.26
During the past 13 years, the highest EV-to-FCF of Glencore was 89.61. The lowest was -451.26. And the median was 15.13.
LSE:GLEN's EV-to-FCF is ranked worse than 100% of 446
companies
in the Metals & Mining industry
Industry Median: 19.435
vs LSE:GLEN: -451.26
EV-to-FCF 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-FCF 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 £5.217.
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 £0.023.
* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Glencore EV-to-FCF Related Terms
Glencore EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Glencore's EV-to-FCF 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-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Glencore's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Glencore's EV-to-FCF falls into.
Glencore's current Enterprise Value is £86,414 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Glencore's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was £-201 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 (LSE:GLEN) has a EV-to-FCF of -430.67 as of Jun. 25, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Glencore and its competitors. According to the industry distribution chart, Glencore ranks #999999 out of 446 companies in the Metals & Mining industry.
Is Glencore's EV-to-FCF too high?
Glencore's current EV-to-FCF is -430.67. Based on the distribution chart, Glencore ranks #999999 out of 446 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Glencore has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Glencore's EV-to-FCF compare to competitors?
According to the Metals & Mining industry distribution chart, Glencore ranks #999999 out of 446 companies for EV-to-FCF. This places Glencore in the lower half of its industry. The industry median EV-to-FCF is 19.44. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a Metals & Mining company?
The median EV-to-FCF among Metals & Mining companies is 19.44, based on 446 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Glencore and its competitors. For the Metals & Mining industry, the median EV-to-FCF is 19.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Glencore's current EV-to-FCF is -430.67. 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 (LSE:GLEN) is currently considered Modestly Overvalued. The stock's GF Value™ is £4.58, compared to a current price of £5.22 — trading 13.9% above its estimated fair value. The current EV-to-FCF is -430.67. Glencore's overall GF Score™ is 73/100 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-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Glencore (LSE:GLEN), the current EV-to-FCF is -430.67 as of Jun. 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 (LSE:GLEN) Overvalued in 2026?
Based on GuruFocus' analysis, Glencore stock appears to be overvalued.
The current stock price of £5.22 is trading 13.9% above its estimated GF Value™ of £4.58.
GuruFocus considers Glencore to be Modestly Overvalued.
Key valuation signals for LSE:GLEN:
EV-to-FCF: -430.67
GF Value™: £4.58 vs. price of £5.22 (13.9% above fair value)
No single metric tells the full story. See the LSE:GLEN 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.
73GF Score
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