GLW Corning PE ratio, current and historical analysis
The PE ratio for Corning stock stands at 251.79 as of Nov 21, 2024. The calculation is based on the latest EPS of $0.19 and the stock price of $47.84 per share. An increase of 151% has been observed in the PE ratio compared to its average of 100.4 of the last four quarters.
GLW PE ratio history
Over the last ten years, the average PE ratio of Corning has been 41.23. The current 251.79 P/E ratio is similar to the historical average. Looking back at the last ten years, GLW's PE ratio peaked in the Sep 2024 quarter at 237.63, with a price of $45.15 and an EPS of $0.19. The Mar 2017 quarter marked the lowest point at 6.8, with a price of $27 and an EPS of $3.97.
Corning PE ratio by year
Maximum annual increase: 154.17% in 2020
Maximum annual decrease: -61.61% in 2016
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 44.13 | 115.58% |
| 2022 | 20.47 | -28.53% |
| 2021 | 28.64 | -57.04% |
| 2020 | 66.67 | 154.17% |
| 2019 | 26.23 | 3.31% |
| 2018 | 25.39 | N/A |
| 2017 | N/A | N/A |
| 2016 | 6.88 | -61.61% |
| 2015 | 17.92 | 42.22% |
| 2014 | 12.6 | -4.55% |
GLW average PE ratio chart
GLW's current PE ratio is higher than the 3, 5 and 10-year averages.
GLW PE vs peers
In comparison to its peer stocks TMO and MMM, GLW's PE ratio is higher. Corning's current PE ratio of 251.79 is similar to the average of its peers, which is 19.75.
| Stock name | PE ratio | Market cap |
|---|---|---|
| TEL TE Connectivity Ltd | 14.47 | $45.03B |
| MMM 3M Co | 16.04 | $69.33B |
| OC Owens Corning | 16.6 | $16.95B |
| PPG Ppg Industries Inc | 19.35 | $28.46B |
| TMO Thermo Fisher Scientific Inc | 32.28 | $197.41B |
| GLW Corning Inc | 251.79 | $40.96B |
| CLFD Clearfield Inc | N/A | $429.52M |
| COMM CommScope Holding Company Inc | N/A | $945.55M |
| OCC Optical Cable Corp | N/A | $19.73M |
Frequently asked questions
What is Corning's PE ratio?
The price to earnings ratio for GLW stock is 251.79 as of Nov 21, 2024.
What is the 3-year average PE ratio for Corning (GLW)?
The average PE ratio for GLW stock over the past 3 years is 52.42.
What is the 5-year average PE ratio for Corning (GLW)?
The average PE ratio for GLW stock over the past 5 years is 61.4.
What is the highest PE ratio for GLW?
Within the last ten years, the current PE ratio is at its peak with a value of 251.79.
How does the current PE ratio for GLW compare to its historical average?
GLW's current price to earnings ratio is 511% above its 10-year historical average.
Why is Corning's PE ratio so high?
GLW's PE ratio is high because its earnings per share (EPS) is low relative to its stock price.
How is GLW's PE ratio calculated (Corning PE ratio formula)?
The P/E ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (Nov 21, 2024), Corning's share price is $47.84. The company's earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $0.19. Therefore, Corning's PE ratio for today is 251.79. PE RATIO(251.79) = STOCK PRICE($47.84) / TTM EPS($0.19)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.