GLW Corning PE ratio, current and historical analysis
The PE ratio for Corning stock stands at 87.27 as of Feb 21, 2025. The calculation is based on the latest EPS of $0.59 and the stock price of $51.49 per share. A decrease of 20% has been observed in the PE ratio compared to its average of 109.5 of the last four quarters.
GLW PE ratio history
Over the last ten years, the average PE ratio of Corning has been 43.12. The current 87.27 P/E ratio is 102% higher than 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 | PE change | Price | EPS |
|---|---|---|---|---|
| 2024 | 80.54 | 82.51% | $47.52 | $0.59 |
| 2023 | 44.13 | 115.58% | $30.45 | $0.69 |
| 2022 | 20.47 | -28.53% | $31.94 | $1.56 |
| 2021 | 28.64 | -57.04% | $37.23 | $1.3 |
| 2020 | 66.67 | 154.17% | $36 | $0.54 |
| 2019 | 26.23 | 3.31% | $29.11 | $1.11 |
| 2018 | 25.39 | N/A | $30.21 | $1.19 |
| 2017 | N/A | N/A | $31.99 | -$0.66 |
| 2016 | 6.88 | -61.61% | $24.27 | $3.53 |
| 2015 | 17.92 | 42.22% | $18.28 | $1.02 |
| 2014 | 12.6 | -4.55% | $22.93 | $1.82 |
| 2013 | 13.2 | 15.08% | $17.82 | $1.35 |
| 2012 | 11.47 | 59.08% | $12.62 | $1.1 |
| 2011 | 7.21 | -14.88% | $12.98 | $1.8 |
| 2010 | 8.47 | -42.96% | $19.32 | $2.28 |
Corning PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Dec 2024 | 80.54 | -66.11% | $47.52 | $0.59 |
| Sep 2024 | 237.63 | 218.07% | $45.15 | $0.19 |
| Jun 2024 | 74.71 | 65.47% | $38.85 | $0.52 |
| Mar 2024 | 45.15 | 2.31% | $32.96 | $0.73 |
| Dec 2023 | 44.13 | -0.07% | $30.45 | $0.69 |
| Sep 2023 | 44.16 | -5.48% | $30.47 | $0.69 |
| Jun 2023 | 46.72 | 44.33% | $35.04 | $0.75 |
| Mar 2023 | 32.37 | 58.13% | $35.28 | $1.09 |
| Dec 2022 | 20.47 | 54.49% | $31.94 | $1.56 |
| Sep 2022 | 13.25 | 0.08% | $29.02 | $2.19 |
| Jun 2022 | 13.24 | -53.72% | $31.51 | $2.38 |
| Mar 2022 | 28.61 | -0.1% | $36.91 | $1.29 |
| Dec 2021 | 28.64 | -16.79% | $37.23 | $1.3 |
| Sep 2021 | 34.42 | -3.23% | $36.49 | $1.06 |
| Jun 2021 | 35.57 | 17.7% | $40.9 | $1.15 |
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 87.27 is similar to the average of its peers, which is 22.73.
| Stock name | PE ratio | Market cap |
|---|---|---|
| OC Owens Corning | 13.9 | $14.19B |
| MMM 3M Co | 19.13 | $78.71B |
| PPG Ppg Industries Inc | 24.07 | $26.05B |
| TEL TE Connectivity Ltd | 24.41 | $46.1B |
| TMO Thermo Fisher Scientific Inc | 32.12 | $200.91B |
| GLW Corning Inc | 87.27 | $44.1B |
| CLFD Clearfield Inc | N/A | $449.95M |
| COMM CommScope Holding Company Inc | N/A | $1.08B |
| OCC Optical Cable Corp | N/A | $34.94M |
Frequently asked questions
What is Corning's PE ratio?
The price to earnings ratio for GLW stock is 87.27 as of Feb 21, 2025.
What is the 3-year average PE ratio for Corning (GLW)?
The average PE ratio for GLW stock over the past 3 years is 56.75.
What is the 5-year average PE ratio for Corning (GLW)?
The average PE ratio for GLW stock over the past 5 years is 64.12.
What is the highest PE ratio for GLW?
Over the last ten years, the quarterly PE ratio reached its highest level at 237.63 in the Sep 2024 quarter.
How does the current PE ratio for GLW compare to its historical average?
GLW's current price to earnings ratio is 102% 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 (Feb 21, 2025), Corning's share price is $51.49. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2024 is $0.59. Therefore, Corning's PE ratio for today is 87.27. PE RATIO(87.27) = STOCK PRICE($51.49) / TTM EPS($0.59)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.