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GLW Corning PE ratio, current and historical analysis

The PE ratio for Corning stock stands at 55.08 as of Jun 18, 2024. The calculation is based on the latest EPS of $0.73 and the stock price of $40.21 per share. An increase of 22% has been observed in the PE ratio compared to its average of 45.0 of the last four quarters.

GLW PE ratio history

How has GLW's PE ratio performed in the past

Over the last ten years, the average PE ratio of Corning has been 33.62. The current 55.08 P/E ratio is 64% 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.

Average
33.62
Median
22.43
Minimum
6.8
Maximum
215.83

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

What is the average PE ratio of GLW for the past years

GLW's current PE ratio is higher than the 3, 5 and 10-year averages.

3-year avg
32.23
5-year avg
47.71
10-year avg
33.62
15-year avg
25.51

GLW PE vs peers

What is GLW's PE ratio compared to its peers

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 21.48.

Stock name PE ratio Market cap
TEL TE Connectivity Ltd 13.74 $46.3B
OC Owens Corning 14.36 $15.54B
PPG Ppg Industries Inc 21.45 $29.98B
TMO Thermo Fisher Scientific Inc 36.37 $217.26B
GLW Corning Inc 55.08 $34.44B
CLFD Clearfield Inc N/A $544.28M
MMM 3M Co N/A $55.76B
COMM CommScope Holding Company Inc N/A $256.85M
OCC Optical Cable Corp N/A $21.7M

Frequently asked questions

What is Corning's PE ratio?

The price to earnings ratio for GLW stock is 55.08 as of Jun 18, 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 32.23.

What is the 5-year average PE ratio for Corning (GLW)?

The average PE ratio for GLW stock over the past 5 years is 47.71.

What is the highest PE ratio for GLW?

Over the last ten years, the quarterly PE ratio reached its highest level at 215.83 in the Jun 2020 quarter.

How does the current PE ratio for GLW compare to its historical average?

GLW's current price to earnings ratio is 64% above its 10-year historical average.

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 (Jun 18, 2024), Corning's share price is $40.21. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $0.73. Therefore, Corning's PE ratio for today is 55.08. PE RATIO(55.08) = STOCK PRICE($40.21) / TTM EPS($0.73)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.