The PE ratio for Corning stock stands at 45.43 as of Apr 25, 2024. The calculation is based on the latest EPS of $0.69 and the stock price of $31.35 per share. An increase of 9% has been observed in the PE ratio compared to its average of 41.8 of the last four quarters.
Over the last ten years, the average PE ratio of Corning has been 33.29. The current 45.43 P/E ratio is 36% higher than the historical average. Looking back at the last ten years, GLW's PE ratio peaked in the Jun 2020 quarter at 215.83, with a price of $25.9 and an EPS of $0.12. The Mar 2017 quarter marked the lowest point at 6.8, with a price of $27 and an EPS of $3.97.
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's current PE ratio is higher than the 3 and 10-year averages, but it is lower than its 5-year average.
In comparison to its peer stocks TMO and TEL, GLW's PE ratio is higher. Corning's PE ratio is trading above the peer average of 24.24.
| Stock name | PE ratio | Market cap |
|---|---|---|
| OC Owens Corning | 13.21 | $14.3B |
| TEL TE Connectivity Ltd | 13.24 | $43.38B |
| PPG Ppg Industries Inc | 21.68 | $30.3B |
| CLFD Clearfield Inc | 36.25 | $431.79M |
| TMO Thermo Fisher Scientific Inc | 36.84 | $218.01B |
| GLW Corning Inc | 45.43 | $26.76B |
| MMM 3M Co | N/A | $50.52B |
| COMM CommScope Holding Company Inc | N/A | $194.16M |
| OCC Optical Cable Corp | N/A | $23.56M |
The price to earnings ratio for GLW stock is 45.43 as of Apr 25, 2024.
The average PE ratio for GLW stock over the past 3 years is 31.05.
The average PE ratio for GLW stock over the past 5 years is 47.84.
Over the last ten years, the quarterly PE ratio reached its highest level at 215.83 in the Jun 2020 quarter.
GLW's current price to earnings ratio is 36% above its 10-year historical average.
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 (Apr 25, 2024), Corning's share price is $31.35. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $0.69. Therefore, Corning's PE ratio for today is 45.43. PE RATIO(45.43) = STOCK PRICE($31.35) / TTM EPS($0.69)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.