Glencore Valuation Multiples

Glencore Overview

About Glencore

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.

Founded

2011

HQ

Employees

150.0K

Website

glencore.com

Sectors

Metals & Mining

Financials (LTM)

Revenue: $249B

EBITDA: $14B

EV

$122B

Valuation Multiples

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Glencore Financials

Glencore reported last 12-month revenue of $249B and EBITDA of $14B.

In the same LTM period, Glencore generated $2B in gross profit, $14B in EBITDA, and $3B in net income.

Glencore P&L

In the most recent fiscal year, Glencore reported revenue of $248B and EBITDA of $13B.

Glencore expects next 12-month revenue of XXX and NTM EBITDA of XXX

Glencore Stock Performance

Glencore has current market cap of $84B, and enterprise value of $122B.

Glencore's stock price is $7.14.

Glencore Valuation Multiples

Glencore trades at 0.5x EV/Revenue multiple, and 8.5x EV/EBITDA.

Glencore Financial Valuation Multiples

As of March 28, 2026, Glencore has market cap of $84B and EV of $122B.

Equity research analysts estimate Glencore's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Glencore has a P/E ratio of 27.1x.

Glencore Margins & Growth Rates

Glencore's revenue in the last 12 month grew by 2%.

Glencore's revenue per employee in the last FY averaged $1.7M.

Glencore's rule of 40 is 8% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Glencore's rule of X is 12% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Glencore Public Comps

See public comps and valuation multiples for other Metals & Mining comps.

Glencore M&A Activity

Glencore acquired XXX companies to date.

Last acquisition by Glencore was on XXXXXXXX, XXXXX. Glencore acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Glencore Investment Activity

Glencore invested in XXX companies to date.

Glencore made its latest investment on XXXXXXXX, XXXXX. Glencore invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).