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Data-driven stock valuation

Corning Incorporated (GLW) fair value: what the stock is really worth

We calculate from audited financials what Corning Incorporated is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.

  1. Compare price with fair valuebelow fair value = cheap, above = expensive
  2. Check the quality50 and up solid, 75 and up strong
  3. Watch it or check another stockalert when fair value or trend changes

Technology · US · Market cap $143B · ISIN US2193501051

At a glance

CI Corning Incorporated logo Corning Incorporated GLW · US
Price$165.96
Fair Value$31.57
Upside−81.0% ⚠
Quality69/100

Structural break: The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.

A solid business, but trading 426% above our fair value of $31.57.

As of Sep 3, 2026, the fair value of Corning Incorporated is $31.57 per share against a price of $165.96, so the fair value sits 81% below the price. A model estimate from reported figures, not an analyst target.

✓Healthy Growth (revenue 5y +6.7 %/yr)
✓Solidly profitable · 11.1% net margin
✓Moderate debt · generates free cash flow
·0.67% dividend yield
!Mixed vs. peers (6/15)
✓Wide moat 67/100
!Weak on dividend: 13 out of 100
Evidence: High Range $16.78 to $49.17

Fair value as of: Sep 3, 2026

From 26 valuation models · updated 7 days ago

Share price +0.2% over the past month.

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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case ($49.17). The favourable scenario is already priced in.
  • The model range is unusually wide ($16.78 to $49.17). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

$255.69 $25.02 Fair Value $31.57 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 3, 2026.

How to read this chart

60‑month range $25.02 – $255.69 · fair‑value band $16.78 – $49.17 · the $165.96 price screens above the $31.57 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 3, 2026.

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Analysis

Corning Incorporated (GLW) currently trades at $165.96, while our model-based Fair Value estimate is $31.57, implying the stock looks roughly 425.8% overvalued today. The Quality Score stands at 69/100 (solid quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of $43.28 per share, and 0 of the 26 models we run sit above the $165.96 price. Bear case: the Asset-Based group reads lowest at $9.19, and 26 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Corning Incorporated generated revenue of $16.3B at a net margin of 11.1%. Revenue grew 20.0% year over year. It earns a return on equity of 16.7%. Net debt stands at $8.7B. Fundamentals as of Sep 3, 2026

Scenario range: $16.78 (bear) to $49.17 (bull), the price of $165.96 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 22% below its 52-week high and 239% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −64% fair-value upside, at −81%, GLW screens richer than that median.

Fair Value models

Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then ($0.6628 per share) are deliberately not added.

Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →

Model Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF $11.04 $20.21 $33.81 78
Growth DCF $11.44 $19.74 $31.37 77
Owner Earnings $14.22 $25.00 $40.99 74
All 26 models by family
DCF Models
FCF DCF $11.04 $20.21 $33.81 78
Owner Earnings $14.22 $25.00 $40.99 74
5Y Revenue Exit $14.39 $27.56 $44.18 71
5Y EBITDA Exit $32.23 $60.20 $92.48 73
5Y P/E Exit $21.54 $40.64 $60.30 69
10Y Revenue Exit $12.25 $23.90 $39.13 65
10Y EBITDA Exit $24.26 $46.30 $75.25 66
10Y P/E Exit $17.50 $32.88 $51.18 62
Earnings-Based
Graham-Dodd $12.61 $35.00 $45.98 65
Lynch FV $7.01 $10.01 $13.02 61
PEG = 1.0 $7.01 $10.01 $13.02 57
EPV $15.27 $19.00 $22.26 74
Dividend Discount
Gordon GGM $10.66 $22.16 $35.15 66
DDM Multi-Stage $10.66 $16.79 $23.26 66
Multiples
P/E Multiple $38.94 $51.92 $64.91 63
P/S Multiple $23.64 $31.53 $39.41 58
P/B Multiple $23.64 $31.53 $39.41 55
EV/EBIT $41.66 $57.91 $74.16 66
EV/EBITDA $50.60 $69.83 $89.06 67
EV/Revenue $17.55 $28.12 $38.68 53
Asset-Based
NCAV (Graham) $6.86 $9.19 $13.72 54
Growth DCF
Growth DCF $11.44 $19.74 $31.37 77
Rev-Margin DCF $14.39 $27.56 $42.19 71
Economic Profit
Residual Income $13.24 $16.01 $30.62 72
ROIC Compounder $15.61 $21.27 $28.21 71
Growth Earnings
Growth-Adj P/E $30.29 $43.28 $56.26 67

Widest divergence: Growth Earnings ($43.28) versus Asset-Based ($9.19). Highest evidence: FCF DCF (78).

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Key figures & financial health

P/E ratio 81.8
P/S ratio 8.35 P/E × margin
EPS (TTM) $2.03 price ÷ EPS = P/E 81.8
Dividend yield 0.7% payout 55.2%
Net margin 10.2% FY2025
Return on equity 16.7% TTM
More key figures
Profitability
Return on assets (EBIT) 5.3% avg 5y
Operating margin 15.7% TTM
Growth
Revenue (TTM) $16.3B TTM
Revenue growth (YoY) +20.0% 3y avg +3.3%
EPS growth (YoY) +139%
Balance sheet & cash flow
Free cash flow $1.4B FY2025
Net debt $8.7B FY2025 · ≈ 6.2 yrs of FCF

Figures from reported company fundamentals · as of Sep 3, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 69/100

Of which business quality 64 · Market factors (momentum, volatility) 59

Profitability 42
Margins and returns on capital today
Quality Growth 81
Are margins and returns improving?
Cashflow 55
Earnings quality: real cash, not paper profit
Fin. Strength 56
Balance sheet, leverage, solvency risk
Investment 86
Disciplined investing over empire-building
Low Volatility 28
Calm price path (market factor)
Momentum 70
Price trend over the last 3–12 months (market factor)
52W Momentum 76
Distance to the 52-week high (market factor)
Net Issuance 86
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

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.

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Corning Incorporated reported revenue of $15.6B in FY2025 versus $14.1B in FY2021, a compound +2.6%/yr. Reported net income was $1.6B in FY2025, compounding −4.3%/yr from FY2021.

Growth Quality 83/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$15.6B
Latest YoY
+19.1%
Avg. revenue growth/yr (3Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+3.3%
Avg. revenue growth/yr (5Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.7%
Avg. revenue growth/yr (40Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.7%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
≈ +12.4%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+11.7%
Dividend yield0.7%
Trend ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y 11.7% vs 10Y 0.7%, picking up
Operating margin (EBIT) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.4.5% (2020) → 14.9% (2025) · rising
Worst earnings drop70% (2023) · in USD
⚠ Final year 2025 sits 174% above trend (one-off), rate approximate
Revenue +2.6%/yr
FY21 $14.1B
FY22 $14.2B
FY23 $12.6B
FY24 $13.1B
FY25 $15.6B
Net income −4.3%/yr
FY21 $1.9B
FY22 $1.3B
FY23 $581M
FY24 $506M
FY25 $1.6B
Character of growth · EPS growth decomposed (2014-2025) −6.6 % p.a.
Revenue per share +9.2 %

of which total revenue +4.3 % · buybacks/dilution +4.7 %

EBIT margin −4.9 %
Tax rate +0.3 %
Residual (interest, one-offs) −10.4 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

GLW screens 426% overvalued. Compare with Amphenol Corporation →

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Corning Incorporated · Fair Value
$31.57 −426%Fair Value
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Cite: Fair Value Calculator (2026). "Corning Incorporated Fair Value". https://www.fairvalue-calculator.com/stock/GLW

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Electronic Components · 637 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation
Quality Score 69 · Top 25%
Fair Value upside −80% · Bottom 25%
Profitability
Return on equity (TTM) 17% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 11% · Top 25%
Operating margin (TTM) 16% · Top 25%
Growth and dividend
Revenue growth 20% · Above median
Dividend yield (TTM) 0.7% · Below median
Balance sheet
Debt / equity 0.65× · Highest 25%

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 81.8× · Priciest 25%
P/B 11.27× · Priciest 25%
P/S (TTM) 8.15× · Priciest 25%
P/FCF 94.2× · Priciest 25%
EV/EBITDA 35.6× · Priciest 25%
PEG 1.51× · Pricier than median

What the price implies (reverse DCF)

The inverse question: what free-cash-flow growth must Corning Incorporated deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.

Implied FCF growth, 10 years+30.0 % per year
Achieved revenue growth, 5 years+6.7 % p.a.
Sector median revenue growth+8.2 %
FCF yield on price0.99 %
Discount rate (WACC) in the models9.4 %

The price demands an acceleration versus past growth: a high bar the company still has to clear. Ranking of the largest stocks →

Context: sector, industry, market

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE100 · sector 40
PAST67 · sector 26
HEALTH68 · sector 95
DIVIDEND13 · sector 24

VALUE 0: the price sits above our fair-value range.

Insider activity: 46/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Electronic Components stocks, each showing price versus our Fair Value estimate (as of Sep 3, 2026).

Stock Price Fair Value vs Fair Value
Amphenol Corporation APH $82.78 $97.19 +17%
Delta Electronics, Inc 2308 1,750 TWD 602.37 TWD −66%
Luxshare Precision Industry Co 002475 ¥56.06 ¥38.44 −31%
Samsung Electro-Mechanics Co 009150 1,503,000 KRW 172,954 KRW −88%
Suzhou Dongshan Precision Manufacturing Co 002384 ¥178.67 ¥21.19 −88%
TE Connectivity plc TEL $202.66 $144.42 −29%
Shengyi Technology Co 600183 ¥132.80 ¥36.30 −73%
Flex Ltd FLEX $124.53 $48.10 −61%
Celestica Inc CLS $312.35 $113.54 −64%
Shennan Circuits Co 002916 ¥392.90 ¥125.52 −68%

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Frequently asked questions

Is Corning Incorporated (GLW) overvalued or undervalued?
As of Sep 3, 2026, our model estimates a fair value of $31.57 versus a price of $165.96, about −81% upside (overvalued).
What is the fair value of GLW?
Our model-based fair value for Corning Incorporated is $31.57 (as of Sep 3, 2026), built from audited fundamentals. The current price: $165.96.
What is the quality score of GLW?
Corning Incorporated has a Quality Score of 69/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Corning Incorporated (GLW)?
Our model-based price target is the fair value of $31.57 (as of Sep 3, 2026) from 26 valuation models. Cautious scenario $16.78, optimistic scenario $49.17. It is a calculation from audited fundamentals, not an analyst target.
What is the Corning Incorporated stock forecast for 2026?
Our models put fair value at $31.57, about −81% upside versus a price of $165.96 (overvalued). Cautious scenario $16.78, optimistic scenario $49.17. The calculation is refreshed regularly with new filings.
What is the revenue of Corning Incorporated (GLW)?
Corning Incorporated reported trailing-twelve-month revenue of about $16.3B (latest available figure, as of Sep 3, 2026).
What is the net profit margin of GLW?
The net profit margin of Corning Incorporated is about 11.1%, meaning it keeps roughly 11.1% of revenue as net income. Based on the latest reported figures.
Does Corning Incorporated pay a dividend?
Corning Incorporated currently shows a dividend yield of about 0.67% relative to its recent price (as of Sep 3, 2026).
What growth is priced into Corning Incorporated (GLW)?
For today's price to be fair in a discounted-cash-flow model, Corning Incorporated would have to grow free cash flow by +30.0 % per year for ten years (discount rate 9.4 %, then 2 % perpetual growth). Over the last 5 years revenue grew +6.7 % per year. As of Sep 3, 2026.
What discount rate (WACC) does the fair value of GLW use?
Our models discount Corning Incorporated at 9.4 %: a base by market capitalisation (large), damped by beta 1.09, country premium for USA. The same rate applies in all 26 models.
What is the intrinsic value of Corning Incorporated (GLW)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Corning Incorporated it is $31.57 per share (as of Sep 3, 2026), against a price of $165.96. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Corning Incorporated stock overvalued or undervalued in 2026?
As of Sep 3, 2026, GLW trades above its calculated fair value: price $165.96, fair value $31.57, a gap of about −81% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of GLW?
No. The price is what the market pays today ($165.96); the fair value is what the company's own numbers justify ($31.57). For Corning Incorporated the two are $134.39 per share apart. That gap is exactly why we show both numbers side by side.
How much is Corning Incorporated worth?
The market values Corning Incorporated at about $143B (market capitalisation, as of Sep 3, 2026). Per share that is $165.96; our models calculate a fair value of $31.57 per share.
What do the bullish and bearish scenarios say about GLW?
Our models span a range for Corning Incorporated: cautious scenario $16.78, base $31.57, optimistic $49.17 per share (as of Sep 3, 2026, price $165.96). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GLW?
Corning Incorporated trades at a price-to-earnings ratio of 81.8 (as of Sep 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $31.57 is built from several models across several years. Other multiples: PEG 1.5, P/B 11.3, P/S 8.2, EV/EBITDA 35.6.
What is the PEG ratio of GLW?
The PEG ratio of Corning Incorporated is 1.51 (P/E divided by earnings growth, as of Sep 3, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Corning Incorporated (GLW)?
Balance-sheet figures for Corning Incorporated (as of Sep 3, 2026): return on equity 16.7%, debt of 0.65 per unit of equity. They feed the Quality Score of 69/100, which measures business quality independently of the share price.
How far is GLW from its 52-week high?
Corning Incorporated trades at $165.96, about 22% below its 52-week high of $211.47 and 239% above the low of $48.94 (as of Sep 3, 2026). Distance from the high says nothing about value: that is what the fair value of $31.57 is for.
Which stocks are comparable to Corning Incorporated?
From the same area (Technology) we also value Amphenol Corporation, Delta Electronics, Inc, Luxshare Precision Industry Co, Samsung Electro-Mechanics Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Corning Incorporated stock attractive at the current price?
The data as of Sep 3, 2026: price $165.96, calculated fair value $31.57 (−81%), Quality Score 69/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of GLW calculated?
We run Corning Incorporated through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $31.57, with the spread shown as a cautious and an optimistic scenario.
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