CORNING INC (GLW) Fundamental Analysis & Valuation

NYSE:GLW • US2193501051

Current stock price

151.9 USD
-1.15 (-0.75%)
At close:
150.8 USD
-1.1 (-0.72%)
After Hours:

This GLW fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. GLW Profitability Analysis

1.1 Basic Checks

  • GLW had positive earnings in the past year.
  • GLW had a positive operating cash flow in the past year.
  • GLW had positive earnings in each of the past 5 years.
  • In the past 5 years GLW always reported a positive cash flow from operatings.
GLW Yearly Net Income VS EBIT VS OCF VS FCFGLW Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B

1.2 Ratios

  • With a decent Return On Assets value of 5.15%, GLW is doing good in the industry, outperforming 72.58% of the companies in the same industry.
  • The Return On Equity of GLW (13.52%) is better than 82.26% of its industry peers.
  • The Return On Invested Capital of GLW (7.09%) is better than 72.58% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for GLW is below the industry average of 8.09%.
  • The 3 year average ROIC (4.64%) for GLW is below the current ROIC(7.09%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 5.15%
ROE 13.52%
ROIC 7.09%
ROA(3y)3.01%
ROA(5y)3.41%
ROE(3y)7.76%
ROE(5y)8.6%
ROIC(3y)4.64%
ROIC(5y)5.03%
GLW Yearly ROA, ROE, ROICGLW Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10 15 20

1.3 Margins

  • With an excellent Profit Margin value of 10.21%, GLW belongs to the best of the industry, outperforming 83.87% of the companies in the same industry.
  • GLW's Profit Margin has improved in the last couple of years.
  • With an excellent Operating Margin value of 14.58%, GLW belongs to the best of the industry, outperforming 85.48% of the companies in the same industry.
  • In the last couple of years the Operating Margin of GLW has grown nicely.
  • GLW has a Gross Margin (35.97%) which is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of GLW has grown nicely.
Industry RankSector Rank
OM 14.58%
PM (TTM) 10.21%
GM 35.97%
OM growth 3Y12.89%
OM growth 5Y26.49%
PM growth 3Y3.26%
PM growth 5Y22.76%
GM growth 3Y4.24%
GM growth 5Y2.86%
GLW Yearly Profit, Operating, Gross MarginsGLW Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30

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4

2. GLW Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), GLW is destroying value.
  • Compared to 1 year ago, GLW has less shares outstanding
  • Compared to 5 years ago, GLW has more shares outstanding
  • The debt/assets ratio for GLW is higher compared to a year ago.
GLW Yearly Shares OutstandingGLW Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M
GLW Yearly Total Debt VS Total AssetsGLW Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

2.2 Solvency

  • An Altman-Z score of 5.74 indicates that GLW is not in any danger for bankruptcy at the moment.
  • GLW's Altman-Z score of 5.74 is fine compared to the rest of the industry. GLW outperforms 70.97% of its industry peers.
  • The Debt to FCF ratio of GLW is 5.97, which is a neutral value as it means it would take GLW, 5.97 years of fcf income to pay off all of its debts.
  • With a Debt to FCF ratio value of 5.97, GLW perfoms like the industry average, outperforming 58.06% of the companies in the same industry.
  • A Debt/Equity ratio of 0.65 indicates that GLW is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.65, GLW is not doing good in the industry: 77.42% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.65
Debt/FCF 5.97
Altman-Z 5.74
ROIC/WACC0.71
WACC9.92%
GLW Yearly LT Debt VS Equity VS FCFGLW Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

2.3 Liquidity

  • GLW has a Current Ratio of 1.59. This is a normal value and indicates that GLW is financially healthy and should not expect problems in meeting its short term obligations.
  • The Current ratio of GLW (1.59) is worse than 75.00% of its industry peers.
  • A Quick Ratio of 1.04 indicates that GLW should not have too much problems paying its short term obligations.
  • GLW's Quick ratio of 1.04 is on the low side compared to the rest of the industry. GLW is outperformed by 80.65% of its industry peers.
Industry RankSector Rank
Current Ratio 1.59
Quick Ratio 1.04
GLW Yearly Current Assets VS Current LiabilitesGLW Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

7

3. GLW Growth Analysis

3.1 Past

  • GLW shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 26.89%, which is quite impressive.
  • Measured over the past years, GLW shows a quite strong growth in Earnings Per Share. The EPS has been growing by 12.56% on average per year.
  • GLW shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 19.14%.
  • The Revenue has been growing slightly by 6.70% on average over the past years.
EPS 1Y (TTM)26.89%
EPS 3Y6.58%
EPS 5Y12.56%
EPS Q2Q%29.63%
Revenue 1Y (TTM)19.14%
Revenue growth 3Y3.27%
Revenue growth 5Y6.7%
Sales Q2Q%18.1%

3.2 Future

  • GLW is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 22.85% yearly.
  • Based on estimates for the next years, GLW will show a quite strong growth in Revenue. The Revenue will grow by 12.60% on average per year.
EPS Next Y24.13%
EPS Next 2Y24.45%
EPS Next 3Y23.09%
EPS Next 5Y22.85%
Revenue Next Year14.27%
Revenue Next 2Y13.53%
Revenue Next 3Y12.6%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
GLW Yearly Revenue VS EstimatesGLW Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 5B 10B 15B 20B
GLW Yearly EPS VS EstimatesGLW Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6

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3

4. GLW Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 56.47, which means the current valuation is very expensive for GLW.
  • Compared to the rest of the industry, the Price/Earnings ratio of GLW is on the same level as its industry peers.
  • The average S&P500 Price/Earnings ratio is at 26.91. GLW is valued rather expensively when compared to this.
  • A Price/Forward Earnings ratio of 38.76 indicates a quite expensive valuation of GLW.
  • GLW's Price/Forward Earnings ratio is in line with the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 21.99. GLW is valued rather expensively when compared to this.
Industry RankSector Rank
PE 56.47
Fwd PE 38.76
GLW Price Earnings VS Forward Price EarningsGLW Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • GLW's Enterprise Value to EBITDA ratio is in line with the industry average.
  • GLW's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 92.34
EV/EBITDA 38.16
GLW Per share dataGLW EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates GLW does not grow enough to justify the current Price/Earnings ratio.
  • The excellent profitability rating of GLW may justify a higher PE ratio.
  • GLW's earnings are expected to grow with 23.09% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.34
PEG (5Y)4.49
EPS Next 2Y24.45%
EPS Next 3Y23.09%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. GLW Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.73%, GLW is not a good candidate for dividend investing.
  • GLW's Dividend Yield is rather good when compared to the industry average which is at 0.42. GLW pays more dividend than 83.87% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, GLW's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.73%

5.2 History

  • The dividend of GLW has a limited annual growth rate of 3.64%.
  • GLW has been paying a dividend for at least 10 years, so it has a reliable track record.
  • GLW has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)3.64%
Div Incr Years0
Div Non Decr Years18
GLW Yearly Dividends per shareGLW Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • 62.59% of the earnings are spent on dividend by GLW. This is not a sustainable payout ratio.
  • The dividend of GLW is growing, but earnings are growing more, so the dividend growth is sustainable.
DP62.59%
EPS Next 2Y24.45%
EPS Next 3Y23.09%
GLW Yearly Income VS Free CF VS DividendGLW Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B
GLW Dividend Payout.GLW Dividend Payout, showing the Payout Ratio.GLW Dividend Payout.PayoutRetained Earnings

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GLW Fundamentals: All Metrics, Ratios and Statistics

CORNING INC

NYSE:GLW (4/29/2026, 5:05:30 PM)

After market: 150.8 -1.1 (-0.72%)

151.9

-1.15 (-0.75%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Industry Strength95.65
Industry Growth95.03
Earnings (Last)04-28
Earnings (Next)N/A
Inst Owners74.67%
Inst Owner Change0.11%
Ins Owners0.15%
Ins Owner Change0.13%
Market Cap130.48B
Revenue(TTM)15.63B
Net Income(TTM)1.60B
Analysts80.95
Price Target145.11 (-4.47%)
Short Float %1.99%
Short Ratio1.28
Dividend
Industry RankSector Rank
Dividend Yield 0.73%
Yearly Dividend1.23
Dividend Growth(5Y)3.64%
DP62.59%
Div Incr Years0
Div Non Decr Years18
Ex-Date02-27
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.51%
Min EPS beat(2)-0.04%
Max EPS beat(2)1.06%
EPS beat(4)3
Avg EPS beat(4)2.75%
Min EPS beat(4)-0.04%
Max EPS beat(4)5.64%
EPS beat(8)7
Avg EPS beat(8)2.65%
EPS beat(12)8
Avg EPS beat(12)1.37%
EPS beat(16)10
Avg EPS beat(16)1.76%
Revenue beat(2)2
Avg Revenue beat(2)0.22%
Min Revenue beat(2)0.07%
Max Revenue beat(2)0.36%
Revenue beat(4)3
Avg Revenue beat(4)1.07%
Min Revenue beat(4)-0.03%
Max Revenue beat(4)3.88%
Revenue beat(8)6
Avg Revenue beat(8)1.24%
Revenue beat(12)6
Avg Revenue beat(12)0.03%
Revenue beat(16)7
Avg Revenue beat(16)-0.82%
PT rev (1m)11.53%
PT rev (3m)43.63%
EPS NQ rev (1m)0.23%
EPS NQ rev (3m)4.14%
EPS NY rev (1m)0.61%
EPS NY rev (3m)1.04%
Revenue NQ rev (1m)-0.02%
Revenue NQ rev (3m)0.68%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.78%
Valuation
Industry RankSector Rank
PE 56.47
Fwd PE 38.76
P/S 8.35
P/FCF 92.34
P/OCF 48.42
P/B 11.05
P/tB 15.07
EV/EBITDA 38.16
EPS(TTM)2.69
EY1.77%
EPS(NY)3.92
Fwd EY2.58%
FCF(TTM)1.64
FCFY1.08%
OCF(TTM)3.14
OCFY2.07%
SpS18.19
BVpS13.74
TBVpS10.08
PEG (NY)2.34
PEG (5Y)4.49
Graham Number28.8428 (-81.01%)
Profitability
Industry RankSector Rank
ROA 5.15%
ROE 13.52%
ROCE 8.99%
ROIC 7.09%
ROICexc 7.54%
ROICexgc 8.69%
OM 14.58%
PM (TTM) 10.21%
GM 35.97%
FCFM 9.04%
ROA(3y)3.01%
ROA(5y)3.41%
ROE(3y)7.76%
ROE(5y)8.6%
ROIC(3y)4.64%
ROIC(5y)5.03%
ROICexc(3y)4.98%
ROICexc(5y)5.42%
ROICexgc(3y)5.78%
ROICexgc(5y)6.35%
ROCE(3y)5.88%
ROCE(5y)6.38%
ROICexgc growth 3Y13.81%
ROICexgc growth 5Y34.82%
ROICexc growth 3Y14.65%
ROICexc growth 5Y35.54%
OM growth 3Y12.89%
OM growth 5Y26.49%
PM growth 3Y3.26%
PM growth 5Y22.76%
GM growth 3Y4.24%
GM growth 5Y2.86%
F-Score8
Asset Turnover0.5
Health
Industry RankSector Rank
Debt/Equity 0.65
Debt/FCF 5.97
Debt/EBITDA 2.1
Cap/Depr 95.17%
Cap/Sales 8.2%
Interest Coverage 7.33
Cash Conversion 74.32%
Profit Quality 88.53%
Current Ratio 1.59
Quick Ratio 1.04
Altman-Z 5.74
F-Score8
WACC9.92%
ROIC/WACC0.71
Cap/Depr(3y)89.4%
Cap/Depr(5y)97.84%
Cap/Sales(3y)8.87%
Cap/Sales(5y)9.91%
Profit Quality(3y)128.96%
Profit Quality(5y)125.64%
High Growth Momentum
Growth
EPS 1Y (TTM)26.89%
EPS 3Y6.58%
EPS 5Y12.56%
EPS Q2Q%29.63%
EPS Next Y24.13%
EPS Next 2Y24.45%
EPS Next 3Y23.09%
EPS Next 5Y22.85%
Revenue 1Y (TTM)19.14%
Revenue growth 3Y3.27%
Revenue growth 5Y6.7%
Sales Q2Q%18.1%
Revenue Next Year14.27%
Revenue Next 2Y13.53%
Revenue Next 3Y12.6%
Revenue Next 5YN/A
EBIT growth 1Y100.79%
EBIT growth 3Y16.59%
EBIT growth 5Y34.96%
EBIT Next Year70.46%
EBIT Next 3Y30.09%
EBIT Next 5Y29.33%
FCF growth 1Y45.07%
FCF growth 3Y11.81%
FCF growth 5Y11.97%
OCF growth 1Y38.99%
OCF growth 3Y1.01%
OCF growth 5Y4.33%

CORNING INC / GLW Fundamental Analysis FAQ

What is the ChartMill fundamental rating of CORNING INC (GLW) stock?

ChartMill assigns a fundamental rating of 6 / 10 to GLW.


What is the valuation status of CORNING INC (GLW) stock?

ChartMill assigns a valuation rating of 3 / 10 to CORNING INC (GLW). This can be considered as Overvalued.


Can you provide the profitability details for CORNING INC?

CORNING INC (GLW) has a profitability rating of 8 / 10.


What are the PE and PB ratios of CORNING INC (GLW) stock?

The Price/Earnings (PE) ratio for CORNING INC (GLW) is 56.47 and the Price/Book (PB) ratio is 11.05.


What is the financial health of CORNING INC (GLW) stock?

The financial health rating of CORNING INC (GLW) is 4 / 10.