# Corning Incorporated (GLW) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Technology / Electronic Equipment, Instruments & Components. Price $154.30, market value $132.9 billion.

## Valuation
- **P/E (trailing): 70.8×** (5-yr avg 43.1×, 3-yr avg 56.8×). Corning Incorporated trades at 70.8× trailing earnings, well above its own five-year average of 43.1×: investors are paying up relative to the company's past. The Technology median in the September 2026 study was 32.1×. Forward P/E is 35.7×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.17**. A PEG of 0.17 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 7.8×**. Each dollar of revenue is priced at 7.8×.
- **Price / book: 11.1×**. The shares trade at 11.1× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 32.8×**. Enterprise value is 32.8× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Earnings yield: 1.4%**. The inverse of the P/E: 1.4% of the price is earned each year.

## Profitability
- **Gross margin: 36.4%**. Corning Incorporated keeps 36.4% of revenue after the direct cost of what it sells.
- **Operating margin: 15.3%**. 15.3% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 10.2%**. 10.2% of each dollar of sales reaches the bottom line.
- **Return on equity: 13.5%**. 13.5% on shareholders' equity is solid.
- **Return on invested capital: 18.5%**. Return on all capital, debt included, is 18.5%: comfortably above what that capital costs.
- **Return on assets: 6.1%**. Each dollar of assets produces 6.1% of profit.

## Growth
- **Revenue growth (1 yr): 19.1%** (3-yr 3.3%/yr, 5-yr 6.7%/yr). Revenue grew 19.1% over the last year, against 6.7% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 215.5%** (3-yr 5.9%/yr, 5-yr 27.6%/yr). Earnings per share rose 215.5%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.07**. Debt is 0.07 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Corning Incorporated holds more cash than debt.
- **Altman Z-score: 5.55**. A Z-score of 5.55 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 0.73%** ($1.12 per share, trailing). Corning Incorporated yields 0.73%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 63%**. 63% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 19**. 19 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 4.9%/yr** (1-yr 0.0%). The dividend has grown 4.9% a year over five years.

## Analyst view
- **Analyst consensus: strong_buy** (15 analysts). 15 analysts cover Corning Incorporated; the consensus is strong_buy, with an average price target of $191.40 (+24% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 122.8%** (YTD 76.8%, 3-mo -13.1%). The shares are up 122.8% over twelve months including dividends.
- **From 52-week high: -43.2%** (116.0% above the low). Trading 43% below its 52-week high, deep in a drawdown.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 50**. An RSI of 50 is neutral.
- **Beta (1 yr): 2.67** (volatility 70%). Beta of 2.67 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=GLW · Page: https://foliofundamentals.com/stocks/glw

Not investment advice.