Home Compare GLEN.L vs IMCD.AS
Stock Comparison · Valuation-led comparison

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

IMCD holds the cleaner structural position, with valuation as the main driver and growth adding further support. Glencore still has the edge on growth, 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.

Updated 2026-04-05

Most of the separation is still concentrated in valuation. IMCD N.V. leads by 10 points on the overall comparison score.

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 qualityMedium
vs
IMCD.AS
IMCD N.V.
39
Peer-Score
Signal qualityMedium

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

Pricing shapes this comparison more than a broad operating gap.

Dimension spread: GLEN.L vs IMCD.AS Profitability 10 26 Stability 43 39 Valuation 8 50 Growth 74 44 GLEN.L IMCD.AS
Gap Ranking
#1 Valuation +42
#2 Growth +30
#3 Profitability +16
#4 Stability +4
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

Structure stays fairly close here, while current pricing still looks more supportive for IMCD N.V..

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

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
Both profiles are strong on growth, but Glencore plc leads clearly.
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 258 turns lower.

What keeps the gap from being one-sided

A meaningful counterforce remains in growth, which keeps the comparison from looking completely one-sided.

What this means for the comparison

Valuation settles the comparison, while pricing and growth keep the broader setup from looking fully aligned.

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.

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.