GLCNF (Glencore) Moat Score: 6/10 (As of Jun. 28, 2026)


GLCNF Glencore PLC GLCNF
66 GF Score
Price $6.63
GF Value $5.90
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Glencore Moat Score?

Glencore GLCNF -3.21% 66 Moat Score is 6 as of Jun. 28, 2026. GuruFocus rates GLCNF with a GF Score™ of 66/100 and a GF Value™ of $5.90 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 2,612 Metals & Mining companies, Glencore ranks better than 99.73% on this metric.

Glencore has the Moat Score of 6, which implies that the company might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Glencore has Narrow Moat: Glencore PLC has a strong narrow moat with significant cost advantages from economies of scale and a superior distribution network. The company benefits from a diversified portfolio and strong pricing power, but regulatory challenges prevent a wide moat classification.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Glencore might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Glencore  (OTCPK:GLCNF) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Glencore Moat Score Related Terms

Glencore Moat Score Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Glencore's Moat Score, along with its competitors' market caps and Moat Score 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 Moat Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Glencore's Moat Score distribution charts can be found below:

* The bar in red indicates where Glencore's Moat Score falls into.


GLCNF
66GF Score
Glencore PLC GLCNF
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 6 mean?
Glencore (GLCNF) has a Moat Score of 6 as of Jun. 28, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Glencore ranks #7 out of 2612 companies in the Metals & Mining industry, placing it in the top 0.3%.
Is Glencore's Moat Score too high?
Glencore's current Moat Score is 6. The Metals & Mining industry median Moat Score is 1.00. Glencore's value of 6 is 500% above this industry median. Based on the distribution chart, Glencore ranks #7 out of 2612 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Glencore has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Glencore's Moat Score compare to competitors?
According to the Metals & Mining industry distribution chart, Glencore ranks #7 out of 2612 companies for Moat Score. This places Glencore in the top 0% of its industry — outperforming the majority of peers. The industry median Moat Score is 1.00. Glencore's value of 6 is 500% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Metals & Mining company?
The median Moat Score among Metals & Mining companies is 1.00, based on 2,612 companies in the industry. Companies in the top quartile (top 25%) have a Moat Score significantly above this median, while those in the bottom quartile fall well below. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Glencore's current Moat Score of 6 is 500% 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 Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. For the Metals & Mining industry, the median Moat Score is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Glencore's current Moat Score is 6. 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 $5.90, compared to a current price of $6.63 — trading 12.4% above its estimated fair value. The current Moat Score is 6 and 500% above the Metals & Mining industry median of 1.00. Glencore's overall GF Score™ is 66/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Glencore (GLCNF), the current Moat Score is 6 as of Jun. 28, 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 $6.63 is trading 12.4% above its estimated GF Value™ of $5.90. GuruFocus considers Glencore to be Modestly Overvalued.

Key valuation signals for GLCNF:

  • Moat Score: 6
  • GF Value™: $5.90 vs. price of $6.63 (12.4% above fair value)
  • GF Score™: 66/100 with 7 warning signs
  • Industry Position: 500% above the Metals & Mining median (#7 of 2612)

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 Business Description

Address Baarermattstrasse 3, Baar, CHE, CH-6340
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.
66GF Score

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Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$6.63
Price
$5.90
GF Value