Is the Glencore share price good value at 2566p?

Is the Glencore share price good value at 2566p?

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Glencore (LON:GLEN) is a large cap integrated producer and marketer of commodities, such as metals and minerals, energy products and agricultural product. It also has interests in industrial assets that include mining, smelting, refining and warehousing operations.

Right now the Glencore share price appears to represent solid value, as shown in the group's Value Rank of 69. Let's explore this in more detail.

Digging into Glencore's Value Rank

Looking at Glencore's StockReport, we can see that the group has a:

  • Rolling price to book value of 1.05,
  • Trailing twelve month price to earnings ratio of 15.8
  • Trailing twelve month price to free cashflow of 6.91
  • No rolling dividend yield
  • Trailing twelve-month price to sales ratio of 0.20

This combination of financial traits suggests that, while Glencore stock is not the cheapest, it is far from expensive at these levels and is worth considering - especially if it is exposed to other positive stock market factors as well.


What does this mean for potential investors?

Some of the best quality stocks in the market have defensible models that can deliver high levels of shareholder returns over the long term. But there are no guarantees and it's important to do your own research. Indeed, we've identified some areas of concern with Glencore that you can find out about here.


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Glencore's StockRank™

NeutralAdventurous

Glencore's StockRank™

With a StockRank of 53, Glencore is more attractive than 53% of the 7,586 stocks we cover in Europe, according to our proprietary ranking system.

See the full StockReport

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