AbstractPencil graphite electrodes (PGEs) have several advantages over other carbon‐based or commercial metal electrodes, including widespread availability, very low cost, and ease of modification. To make the best use of PGEs in electroanalysis, significant recent advances in the development of different nanomaterial‐PGEs have been observed. The literature published up to mid‐2015 is summarized in the present review, with a focus on the various methodologies used to readily modify graphite pencil electrodes using nanomaterials. This review also touches on the surface characterization of these electrodes and their potential applications in a variety of electrochemical detection applications. The review outlines the scope for further research in this area and discusses the importance of surface modifications of conventional PGE electrodes using nanomaterials or a combination of nanomaterials and electroactive polymers.