Glencore plc (GLENN) - Net Assets

Latest as of December 2025: MX$33.61 Billion MXN ≈ $1.93 Billion USD

Based on the latest financial reports, Glencore plc (GLENN) has net assets worth MX$33.61 Billion MXN (≈ $1.93 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (MX$142.20 Billion ≈ $8.18 Billion USD) and total liabilities (MX$108.59 Billion ≈ $6.25 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how tangible is Glencore plc's equity to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	MX$33.61 Billion
% of Total Assets	23.63%
Annual Growth Rate	-3.68%
5-Year Change	-8.97%
10-Year Change	-23.24%
Growth Volatility	12.15

Glencore plc - Net Assets Trend (2013–2025)

This chart illustrates how Glencore plc's net assets have evolved over time, based on quarterly financial data. See Glencore plc defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Glencore plc (2013–2025)

The table below shows the annual net assets of Glencore plc from 2013 to 2025. For live valuation and market cap data, see market value of Glencore plc.

Year	Net Assets	Change
2025-12-31	MX$33.61 Billion ≈ $1.93 Billion	-5.76%
2024-12-31	MX$35.66 Billion ≈ $2.05 Billion	-6.74%
2023-12-31	MX$38.24 Billion ≈ $2.20 Billion	-15.44%
2022-12-31	MX$45.22 Billion ≈ $2.60 Billion	+22.49%
2021-12-31	MX$36.92 Billion ≈ $2.12 Billion	+7.31%
2020-12-31	MX$34.40 Billion ≈ $1.98 Billion	-12.32%
2019-12-31	MX$39.24 Billion ≈ $2.26 Billion	-13.54%
2018-12-31	MX$45.38 Billion ≈ $2.61 Billion	-8.23%
2017-12-31	MX$49.45 Billion ≈ $2.85 Billion	+12.96%
2016-12-31	MX$43.78 Billion ≈ $2.52 Billion	+5.90%
2015-12-31	MX$41.34 Billion ≈ $2.38 Billion	-19.69%
2014-12-31	MX$51.48 Billion ≈ $2.96 Billion	-2.28%
2013-12-31	MX$52.68 Billion ≈ $3.03 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Glencore plc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 2997300000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	MX$27.56 Billion	70.92%
Other Components	MX$11.30 Billion	29.08%
Total Equity	MX$38.86 Billion	100.00%

Glencore plc Competitors by Market Cap

The table below lists competitors of Glencore plc ranked by their market capitalization.

Company	Market Cap
Sandisk Corp NASDAQ:SNDK	$92.46 Billion
Equinix Inc NASDAQ:EQIX	$92.84 Billion
Marriott International Inc NASDAQ:MAR	$93.17 Billion
Cummins Inc NYSE:CMI	$93.77 Billion
CHRISTIAN DIOR ADR1/4/EO2 F:DIO0	$91.96 Billion
EssilorLuxottica S. A. PA:EL	$91.89 Billion
CME Group Inc NASDAQ:CME	$91.55 Billion
General Dynamics Corporation NYSE:GD	$91.15 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Glencore plc's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 40,669,000,000 to 38,860,000,000, a change of -1,809,000,000 (-4.4%).
Net income of 363,000,000 contributed positively to equity growth.
Dividend payments of 1,192,000,000 reduced retained earnings.
Share repurchases of 1,992,000,000 reduced equity.
Other factors increased equity by 1,012,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	MX$363.00 Million	+0.93%
Dividends Paid	MX$1.19 Billion	-3.07%
Share Repurchases	MX$1.99 Billion	-5.13%
Other Changes	MX$1.01 Billion	+2.6%
Total Change	MX$-	-4.45%

Book Value vs Market Value Analysis

This analysis compares Glencore plc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 41.19x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has increased from 39.56x to 41.19x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2017-12-31	MX$3.46	MX$136.75	x
2018-12-31	MX$3.28	MX$136.75	x
2019-12-31	MX$3.02	MX$136.75	x
2020-12-31	MX$2.82	MX$136.75	x
2021-12-31	MX$3.03	MX$136.75	x
2022-12-31	MX$3.85	MX$136.75	x
2023-12-31	MX$3.58	MX$136.75	x
2024-12-31	MX$3.35	MX$136.75	x
2025-12-31	MX$3.32	MX$136.75	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Glencore plc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 0.93%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.15%
• Asset Turnover: 1.74x
• Equity Multiplier: 3.66x
Recent ROE (0.93%) is below the historical average (3.60%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2013	-16.32%	-3.46%	1.50x	3.14x	MX$-12.98 Billion
2014	4.75%	1.04%	1.45x	3.14x	MX$-2.55 Billion
2015	-12.03%	-3.37%	1.15x	3.11x	MX$-9.09 Billion
2016	3.12%	0.90%	1.23x	2.82x	MX$-3.05 Billion
2017	11.61%	2.81%	1.52x	2.73x	MX$801.50 Million
2018	7.45%	1.55%	1.71x	2.81x	MX$-1.17 Billion
2019	-1.00%	-0.19%	1.73x	3.08x	MX$-4.43 Billion
2020	-5.06%	-1.34%	1.21x	3.14x	MX$-5.67 Billion
2021	12.46%	2.44%	1.60x	3.19x	MX$980.90 Million
2022	35.05%	6.77%	1.93x	2.68x	MX$12.38 Billion
2023	9.82%	1.96%	1.76x	2.84x	MX$-78.00 Million
2024	-4.02%	-0.71%	1.77x	3.21x	MX$-5.70 Billion
2025	0.93%	0.15%	1.74x	3.66x	MX$-3.52 Billion

Industry Comparison

This section compares Glencore plc's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.

Industry Context

Industry: Other Industrial Metals & Mining
Average net assets among peers: $28,335,733,486
Average return on equity (ROE) among peers: 12.17%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Glencore plc (GLENN)	MX$33.61 Billion	-16.32%	3.23x	$92.20 Billion
Compañía Minera Autlán S.A.B. de C.V (AUTLANB)	$1.61 Billion	25.64%	0.60x	$136.52 Million
BHP Group (BHPN)	$55.60 Billion	20.33%	0.96x	$227.48 Billion
Grupo México S.A.B. de C.V (GMEXICOB)	$26.25 Billion	18.75%	0.60x	$95.89 Billion
Minera Frisco S.A.B. de C.V (MFRISCOA-1)	$11.03 Billion	-16.15%	2.78x	$3.60 Billion
Industrias Peñoles S.A.B. de C.V (PE&OLES)	$4.49 Billion	12.35%	0.67x	$21.89 Billion
Rio Tinto Group (RION)	$54.59 Billion	11.96%	0.98x	$135.01 Billion
Vale S.A (VALEN)	$44.77 Billion	12.30%	1.22x	$70.29 Billion

About Glencore plc

MX:GLENN Mexico Other Industrial Metals & Mining

Market Cap

$92.20 Billion

MX$1.60 Trillion MXN

Market Cap Rank

#278 Global

#11 in Mexico

Share Price

MX$136.75

Change (1 day)

+8.27%

52-Week Range

MX$78.89 - MX$136.75

All Time High

MX$136.75