Corning Inc (GLW)
Fair ValueFundamental
65
Price
$153.76
Market Cap
$130.31B
Part 1 · What the company is worth
Overview
Corning Incorporated operates in optical communications, display, specialty materials, automotive, and life sciences businesses in the United States, Canada, Mexico, Japan, Taiwan, China, South Korea, Germany, and internationally. The company provides optical fibers and cables; and hardware and equipment products, such as cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories for the telecommunications industry, businesses, governments, and individuals. It also offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices. In addition, it manufactures products that offer material formulations for glass, glass ceramics, crystals, precision metrology instruments, and software, as well as glass wafers and substrates, tinted sunglasses, and radiation shielding products for markets, such as mobile consumer electronics, semiconductor equipment optics and consumables, aerospace and defense optics, radiation shielding products, sunglasses, and telecommunications components. Further, the company provides ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications, as well as technical glass and optic products and solutions for the interior and exterior of vehicles. Additionally, it offers laboratory products, including plastic vessels, liquid handling plastics, specialty surfaces, cell culture media, and serum, as well as general labware, and glassware and equipment under the Corning, Falcon, PYREX, and Axygen brands. It also offers polysilicon products and pharmaceutical glass tubing and vials. The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. Corning Incorporated was founded in 1851 and is headquartered in Corning, New York.
No editorial profile for this company yet
Direct competitors
Who this company fights with for the same customers
Generated on September 18, 2026 with claude-haiku-4-5 — shared with all users
AGC is the other global maker of fusion-drawn glass substrates for flat-panel displays and of cover glass for phones and cars, and Corning names it as a principal competitor in both Display Technologies and Specialty Materials.
Nippon Electric Glass sells display glass substrates and specialty glass to the same panel makers and electronics customers, and is the third supplier in a market that Corning and AGC otherwise dominate.
CommScope bids against Corning for the fibre cable, connectors and data-centre cabling bought by the same telecom carriers and hyperscale operators.
Prysmian is the other large manufacturer of optical fibre and cable systems for carrier networks, competing with Corning for the same network build-out contracts, mainly in Europe.
NGK Insulators makes the ceramic substrates and particulate filters that carmakers and truck makers fit for emissions control, the same products as Corning's Environmental Technologies segment.
Schott, privately held by the Carl Zeiss Foundation, competes in specialty glass — pharmaceutical tubing and vials, and technical glass for electronics and optics — where Corning sells to the same pharma and device customers.
Balance Sheet & Liquidity
Revenue
$16.96B
Trailing 12 months (through 6/30/2026)
Net Income
$1.90B
Trailing 12 months (through 6/30/2026)
Free Cash Flow
-
Total Equity
$11.81B
Total Liabilities
$18.67B
Current Ratio
1.81
Interest Coverage
7.28
Debt/EBITDA
2.30
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$129.29
Current Price
$153.76
Margin of Safety
-18.9%
Fair Value Range
$84.04 - $174.54
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
70.53
ROE
13.5%
P/B Ratio
10.55
P/FCF
-
Gross Margin
36.4%
ROIC
7.6%
Profitability Radar
Value Creation (Economic Moat)
ROIC
7.6%
WACC
10.4%
ROIC − WACC
-2.8 pp
ROIC is below the cost of capital — the company is destroying value for every dollar invested.
Fundamental Analysis Criteria
Passed (18)
- EPS shows upward trend
- Price CAGR 21.23%
- ROIC 7.6%
- Gross Margin 36.4%
- Debt/Equity ratio
- Operating Margin 15.3%
- Current Ratio
- Interest Coverage
- Debt/EBITDA
- Return on Tangible Assets
- Low reliance on intangibles
- ROE 15.9%
- Revenue Growth 5Y 6.7%
- Analyst Consensus 76% Buy
- Earnings Quality (OCF/NI) 2.06
- Share Dilution -0.0%
- Net Margin Trend 11.2% vs 5.8%
- Piotroski F-Score 7/9
Failed (6)
- EPS CAGR 1.75%
- P/B Ratio 10.55
- Price below Graham Number
- DCF valuation (Unknown)
- Earnings Surprise avg 0.9%
- PEG Ratio 3.07
Unavailable (4)
- P/FCF NaN
- Dividend Payout NaN%
- Positive Free Cash Flow
- CapEx intensity
Piotroski F-Score
Strong financial health
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Buying back shares. Shareholder friendly
Institutional Holdings
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Wendell P. Weeks | Chairman, President & CEO | 65 |
| Mr. Avery H. Nelson III | Executive VP & COO | 56 |
| Ms. Ann H. S. Nicholson | Vice President of Investor Relations | - |
| Kevin G. Corliss | VP of Global Employee Relations & Chief Compliance Officer | - |
| Ms. Michelle L. Gullo | Senior VP & Chief Human Resources Officer | 58 |
| Mr. Martin J. Curran | Executive VP & Innovation Officer | 66 |
| Mr. John P. MacMahon | Senior Vice President of Global Compensation & Benefits | - |
| Mr. Li Fang | Senior Vice President of Corning International & New Business Development of Solar | 62 |
| Charles R. Craig | Senior Vice President of Science & Technology, Administration and Operations | - |
| Timothy J. Regan | Senior Vice President of Global Government Affairs | - |
Audit Risk
3
Board Risk
8
Compensation Risk
8
Shareholder Rights Risk
6
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Documents
- View document
Annual Report (10-K)
A yearly overview of the business, its financial results, and the risks it faces.
Filed on 2026-02-12
- View document
Quarterly Report (10-Q)
A snapshot of financial performance for the most recent three-month period.
Filed on 2026-07-29
- View document
Current Report (8-K)
An announcement of a major event, such as a leadership change or big news.
Filed on 2026-09-11
via SEC EDGAR
Income History
via SEC EDGAR
Latest News
Recent headlines for GLW, sourced from Markets Gazette.
- 5/12/2026POSITIVEIf You Invested $100 In Corning Stock 5 Years Ago, You Would Have This Much Today
An investment of $100 in Corning Inc. (GLW) five years ago would have yielded a significant return, illustrating the stock's strong performance over the period. While specific figures are not provided in the prompt, the implication of a substantial increase suggests robust business operations and market positioning. Investors considering GLW should analyze the drivers behind this growth, such as innovation in specialty glass and ceramics, demand from the telecommunications and automotive sectors, and the company's strategic initiatives. This historical performance may indicate a positive outlook for future returns, warranting further due diligence.
- 4/16/2026NEGATIVECorning Stock Is Sliding Today: What's Behind The Drop?
Corning Inc. (NYSE:GLW) experienced a notable decline in its stock price on Thursday following a downgrade from J.P. Morgan. The investment bank cited concerns that the stock's recent upward trajectory has led to an overvalued position. This analyst action suggests that the market may have priced in too much optimism, potentially limiting further upside and increasing downside risk for investors.
- 3/11/2026POSITIVEMeet the Super Semiconductor Stock Obliterating Nvidia, AMD, and Broadcom Right Now
Corning Inc. is emerging as a significant player in the artificial intelligence revolution, positioning itself as a strong contender against established semiconductor giants like Nvidia, AMD, and Broadcom. The company's involvement in AI infrastructure suggests a robust growth trajectory. Investors are taking note of Corning's strategic pivot and its potential to capture substantial market share in the rapidly expanding AI sector. This development could lead to significant upside for the stock as demand for AI-enabling components escalates.
- 12/5/2024POSITIVEHow the 173-year-old glassmaker behind Edison’s light bulb and iPhone screens became a Silicon Valley darling
Corning Inc., a 173-year-old glassmaker, is experiencing a resurgence as a Silicon Valley darling, according to CEO Wendell Weeks. The company, historically known for innovations like Edison's light bulb and screens for smartphones, is now a key player in powering the AI revolution through its fiber-optic cables. This strategic positioning in high-growth sectors like AI and advanced displays suggests a strong future outlook for the company. Investors are likely to view Corning's adaptability and its role in critical technological infrastructure as positive indicators for future growth and market relevance.
via Markets Gazette