Glencore (LSE:GLEN) Price-to-Tangible-Book

: 1.95 (As of Today)

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As of today (2024-04-20), Glencore's share price is £4.743. Glencore's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was £2.43. Hence, Glencore's Price to Tangible Book Ratio of today is 1.95.

The historical rank and industry rank for Glencore's Price-to-Tangible-Book or its related term are showing as below:

LSE:GLEN' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.58 Med: 1.45 Max: 2
Current: 1.95

During the past 13 years, Glencore's highest Price to Tangible Book Ratio was 2.00. The lowest was 0.58. And the median was 1.45.

LSE:GLEN's Price-to-Tangible-Book is ranked worse than
63.53% of 2235 companies
in the Metals & Mining industry
Industry Median: 1.33 vs LSE:GLEN: 1.95

A closely related ratio is called PB Ratio. As of today, Glencore's share price is £4.743. Glencore's Book Value per Sharefor the quarter that ended in Dec. 2023 was £2.83. Hence, Glencore's P/B Ratio of today is 1.68.

Glencore Price-to-Tangible-Book Historical Data

The historical data trend for Glencore's Price-to-Tangible-Book 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.

* Premium members only.

Glencore Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

1.24

1.35

1.96

2.00

1.94

Glencore Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book																1.96	1.74	2.00	1.77	1.94

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, Glencore's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book Distribution

For the Metals & Mining industry and Basic Materials sector, Glencore's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Glencore's Price-to-Tangible-Book falls into.

Glencore Price-to-Tangible-Book Calculation

Glencore's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	4.743	/	2.429
	=	1.95

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Glencore Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Glencore's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Glencore (LSE:GLEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Glencore PLC (LSE:GLEN) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

GLN:South Africa GLNCY:USA GLCNF:USA GLENl:UK 8GC:Germany

Address

Baarermattstrasse 3, P.O. Box 1363, Baar, CHE, CH-6340

Website

https://www.glencore.com

Glencore is one of the world's largest commodities traders, active in markets for metals and minerals, energy products, and agricultural goods. The firm's Marketing business provides sourcing, logistics, transportation, storage, and financing services to commodity producers and consumers around the globe. Core exposures are in the production of thermal coal, coking coal, copper, zinc, nickel, cobalt, and ferroalloys. Unlike other major miners, Glencore 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. It has also agreed to buy Teck's metallurgical coal business, with the deal likely closing in the third quarter of 2024.

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