CORNING INC (GLW) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:GLW • US2193501051
103.25 USD
+0.25 (+0.24%)
At close: Jan 30, 2026
103.09 USD
-0.16 (-0.15%)
After Hours: 1/30/2026, 8:04:00 PM
Taking everything into account, GLW scores 6 out of 10 in our fundamental rating. GLW was compared to 123 industry peers in the Electronic Equipment, Instruments & Components industry. GLW scores excellent on profitability, but there are some minor concerns on its financial health. GLW shows excellent growth, but is valued quite expensive already.
1. Profitability
1.1 Basic Checks
- In the past year GLW was profitable.
- In the past year GLW had a positive cash flow from operations.
- Each year in the past 5 years GLW has been profitable.
- GLW had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- Looking at the Return On Assets, with a value of 5.15%, GLW is in the better half of the industry, outperforming 70.73% of the companies in the same industry.
- GLW has a better Return On Equity (13.52%) than 79.67% of its industry peers.
- GLW has a Return On Invested Capital of 7.09%. This is in the better half of the industry: GLW outperforms 71.54% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for GLW is below the industry average of 8.85%.
- The 3 year average ROIC (4.64%) for GLW is below the current ROIC(7.09%), indicating increased profibility in the last year.
| Industry Rank | Sector 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%
1.3 Margins
- GLW's Profit Margin of 10.21% is amongst the best of the industry. GLW outperforms 84.55% of its industry peers.
- 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 86.99% of the companies in the same industry.
- GLW's Operating Margin has improved in the last couple of years.
- GLW has a Gross Margin of 35.97%. This is comparable to the rest of the industry: GLW outperforms 58.54% of its industry peers.
- In the last couple of years the Gross Margin of GLW has grown nicely.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so GLW is destroying value.
- Compared to 1 year ago, GLW has less shares outstanding
- The number of shares outstanding for GLW has been increased compared to 5 years ago.
- Compared to 1 year ago, GLW has a worse debt to assets ratio.
2.2 Solvency
- GLW has an Altman-Z score of 4.39. This indicates that GLW is financially healthy and has little risk of bankruptcy at the moment.
- GLW has a better Altman-Z score (4.39) than 65.85% 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.
- GLW has a Debt to FCF ratio of 5.97. This is comparable to the rest of the industry: GLW outperforms 59.35% of its industry peers.
- A Debt/Equity ratio of 0.65 indicates that GLW is somewhat dependend on debt financing.
- GLW's Debt to Equity ratio of 0.65 is on the low side compared to the rest of the industry. GLW is outperformed by 77.24% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 5.97 | ||
| Altman-Z | 4.39 |
ROIC/WACC0.83
WACC8.5%
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.
- With a Current ratio value of 1.59, GLW is not doing good in the industry: 72.36% of the companies in the same industry are doing better.
- GLW has a Quick Ratio of 1.04. This is a normal value and indicates that GLW is financially healthy and should not expect problems in meeting its short term obligations.
- Looking at the Quick ratio, with a value of 1.04, GLW is doing worse than 76.42% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.59 | ||
| Quick Ratio | 1.04 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 29.08% over the past year.
- The Earnings Per Share has been growing by 12.56% on average over the past years. This is quite good.
- Looking at the last year, GLW shows a quite strong growth in Revenue. The Revenue has grown by 19.14% in the last year.
- Measured over the past years, GLW shows a small growth in Revenue. The Revenue has been growing by 6.70% on average per year.
EPS 1Y (TTM)29.08%
EPS 3Y6.58%
EPS 5Y12.56%
EPS Q2Q%26.32%
Revenue 1Y (TTM)19.14%
Revenue growth 3Y3.27%
Revenue growth 5Y6.7%
Sales Q2Q%13.89%
3.2 Future
- GLW is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.84% yearly.
- Based on estimates for the next years, GLW will show a quite strong growth in Revenue. The Revenue will grow by 11.39% on average per year.
EPS Next Y22.85%
EPS Next 2Y20.28%
EPS Next 3Y21.11%
EPS Next 5Y17.84%
Revenue Next Year12.27%
Revenue Next 2Y11.39%
Revenue Next 3YN/A
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.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 40.81, which means the current valuation is very expensive for GLW.
- GLW's Price/Earnings ratio is in line with the industry average.
- Compared to an average S&P500 Price/Earnings ratio of 28.32, GLW is valued a bit more expensive.
- The Price/Forward Earnings ratio is 33.22, which means the current valuation is very expensive for GLW.
- GLW's Price/Forward Earnings ratio is in line with the industry average.
- The average S&P500 Price/Forward Earnings ratio is at 25.57. GLW is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.81 | ||
| Fwd PE | 33.22 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of GLW is on the same level as its industry peers.
- GLW's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 62.65 | ||
| EV/EBITDA | 26.32 |
4.3 Compensation for Growth
- GLW's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
- The excellent profitability rating of GLW may justify a higher PE ratio.
- A more expensive valuation may be justified as GLW's earnings are expected to grow with 21.11% in the coming years.
PEG (NY)1.79
PEG (5Y)3.25
EPS Next 2Y20.28%
EPS Next 3Y21.11%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 1.09%, GLW has a reasonable but not impressive dividend return.
- GLW's Dividend Yield is rather good when compared to the industry average which is at 0.46. GLW pays more dividend than 86.99% of the companies in the same industry.
- With a Dividend Yield of 1.09, GLW pays less dividend than the S&P500 average, which is at 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.09% |
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 Years17
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 2Y20.28%
EPS Next 3Y21.11%
CORNING INC / GLW 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.
How profitable is CORNING INC (GLW) stock?
CORNING INC (GLW) has a profitability rating of 8 / 10.
Can you provide the expected EPS growth for GLW stock?
The Earnings per Share (EPS) of CORNING INC (GLW) is expected to grow by 22.85% in the next year.
Can you provide the dividend sustainability for GLW stock?
The dividend rating of CORNING INC (GLW) is 6 / 10 and the dividend payout ratio is 62.59%.