Glencore (MEX:GLENN) Shiller PE Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:GLENN Glencore PLC MEX:GLENN
61 GF Score
Price MXN120.66
GF Value MXN143.12
Valuation Modestly Undervalued
! 10 Warning Signs
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What is Glencore Shiller PE Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Glencore  (MEX:GLENN) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Glencore Shiller PE Ratio Related Terms


Glencore Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Glencore's Shiller PE Ratio 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.

Glencore Shiller PE Ratio Chart

Glencore Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 229.91 44.36 26.54 21.99 17.19

Glencore Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Shiller PE Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.64 22.26 22.21 17.33 24.85

Glencore Shiller PE Ratio Competitor Comparison

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

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

* The bar in red indicates where Glencore's Shiller PE Ratio falls into.


MEX:GLENN
61GF Score
Glencore PLC MEX:GLENN
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Glencore Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Glencore's E10 for the fiscal year that ended in Dec25 is calculated as:

For example, Glencore's adjusted earnings per share data for the fiscal year that ended in Dec25 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Dec25 (Change)*Current CPI (Dec25)
=0.5779/107.2000*107.2000
=0.578

Current CPI (Dec25) = 107.2000.

Glencore Annual Data

Earnings per Share (Diluted) CPI Adj_EPS
201612 -0.561 99.380 -0.605
201712 7.573 100.213 8.101
201812 4.600 100.906 4.886
201912 -0.568 101.063 -0.603
202012 -3.096 100.241 -3.311
202112 7.567 101.776 7.971
202212 26.523 104.666 27.165
202312 6.056 106.461 6.098
202412 -2.465 107.128 -2.466
202512 0.578 107.200 0.578

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Glencore (MEX:GLENN) Overvalued in 2026?

Based on GuruFocus' analysis, Glencore stock appears to be undervalued. The current stock price of MXN120.66 is trading 15.7% below its estimated GF Value™ of MXN143.12. GuruFocus considers Glencore to be Modestly Undervalued.

Key valuation signals for MEX:GLENN:

  • Shiller PE Ratio:
  • GF Value™: MXN143.12 vs. price of MXN120.66 (15.7% below fair value)
  • GF Score™: 61/100 with 10 warning signs

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 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.
61GF Score

Get the complete analysis for MEX:GLENN

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

MXN120.66
Price
MXN143.12
GF Value