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Glencore vs IMCD N.V.: Which Stock Looks Stronger in 2026?

IMCD holds the cleaner structural position, with the lead spread across valuation and growth. Glencore still leads on growth and stability, which keeps the comparison from looking entirely one-sided. In the market, Glencore carries the stronger setup — intact trend against IMCD's broken trend. That leaves a split case: the structural lead stays with IMCD, but the market is not currently confirming it.

The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the STOXX 600 universe, making them directly comparable.

Updated 2026-05-17

The lead is spread across valuation and profitability, rather than sitting in one isolated gap. The overall score gap is 12 points in favour of IMCD N.V..

Trajectory Similarity
0.75
Similar
Peer-set rank: #5
within Glencore plc's functional peer set

This comparison is anchored in long-term financial trajectory similarity within the selected peer universe.

This level of similarity signals a strong structural match, even though some dimensions still separate the two companies.

The clearest structural overlap shows up in investment intensity and revenue growth trajectory.

Similarity drivers
investment intensityrevenue growth trajectory
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
GLEN.L
Glencore plc
29
Peer-Score
Signal qualitylow
Peer basis: STOXX 600
vs
IMCD.AS
IMCD N.V.
41
Peer-Score
Signal qualitylow
Peer basis: STOXX 600

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

Score differences across key dimensions.

Dimension spread: GLEN.L vs IMCD.AS Profitability 2 36 Stability 50 38 Valuation 8 50 Growth 78 38 GLEN.L IMCD.AS
Gap Ranking
#1 Valuation +42
#2 Growth +40
#3 Profitability +34
#4 Stability +12
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for GLEN.L and IMCD.AS Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer GLEN.LIMCD.AS Relative valuation Structural strength

IMCD N.V. and Glencore plc look relatively close on structure, but the price setup still leans toward IMCD N.V..

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where GLEN.L and IMCD.AS each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY GLEN.L Elevated · above norm 0th 50th 100th 83 pct gap IMCD.AS Lower · near norm 0th 50th 100th 99th 16th
Today IMCD.AS sits in the lower portion of its own 5-year history (16th percentile), while GLEN.L sits higher in its own history (99th). Within each stock's own 5-year context, IMCD.AS is at a historically more favourable entry position than GLEN.L. This reflects entry timing, not which company is structurally stronger — peer-relative analysis is a separate question addressed above.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Valuation
IMCD N.V. sits in the stronger part of the group on valuation, while Glencore plc is closer to mid-pack.
Growth
Glencore plc ranks near the top of the group on growth; IMCD N.V. sits in the weaker half.
Valuation — Dominant Gap
GLEN.L
8
IMCD.AS
50
Gap+42in favour of IMCD.AS

The multiple-based pricing edge comes from a trailing P/E that is 261 turns lower.

What keeps the gap from being one-sided

Growth still tilts materially toward Glencore plc, which stops the result from looking dominant across the whole profile.

What this means for the comparison

The valuation lead is clear, but pricing and growth still pull in the other direction — the result holds, but not without friction.

Explore full peer positioning in AssetNext

Break down the GLEN.L vs IMCD.AS comparison across all dimensions with the full interactive tool.

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Other comparisons with conflicting dimension signals

Explore how GLEN.L and IMCD.AS each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.