How to buy Corning Incorporated (GLW) stocks

Corning Incorporated is an electronic components business based in the US. Corning Incorporated shares (GLW) are listed on the NYSE and all prices are listed in US Dollars.

Its last market close was $46.51 – a decrease of 4.32% over the previous week. Corning Incorporated employs 49,800 staff and has a trailing 12-month revenue of around $12.6 billion.

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Corning Incorporated stock price (NYSE: GLW)

Use our graph to track the performance of GLW stocks over time.

Corning Incorporated stocks at a glance

• Key figures

Information last updated 2024-12-18.

Latest market close	$46.51
52-week range	$28.86 - $50.73
50-day moving average more info button	$47.64
200-day moving average more info button	$40.43
Wall St. target price	$52.92
PE ratio more info button	244.7895
Dividend yield more info button	$1.12 (2.41%)
Earnings per share (TTM) more info button	$0.19

Is it a good time to buy Corning Incorporated stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

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Corning Incorporated price performance over time

Historical closes compared with the close of $47.76 from 2024-12-17

1 week (2024-12-13)	-0.81%
1 month (2024-11-22)	-1.57%
3 months (2024-09-20)	7.33%
6 months (2024-06-21)	19.25%

1 year (2023-12-21)	58.25%
2 years (2022-12-21)	59.04%
3 years (2021-12-21)	44.81%
5 years (2019-12-20)	91.24%

Is Corning Incorporated stock undervalued or overvalued?

Valuing Corning Incorporated stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Corning Incorporated's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Corning Incorporated's P/E ratio

Corning Incorporated's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 245x. In other words, Corning Incorporated shares trade at around 245x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the stock or simply that they're over-valued.

Corning Incorporated's PEG ratio

Corning Incorporated's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.6112. A low ratio can be interpreted as meaning the stocks offer better value, while a higher ratio can be interpreted as meaning the stocks offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Corning Incorporated's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.

Corning Incorporated's EBITDA

Corning Incorporated's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $2.6 billion.

The EBITDA is a measure of a Corning Incorporated's overall financial performance and is widely used to measure a its profitability.

Corning Incorporated financials

Revenue TTM	$12.6 billion
Operating margin TTM	11.24%
Gross profit TTM	$4.8 billion
Return on assets TTM	2.75%
Return on equity TTM	1.93%
Profit margin	1.24%
Book value	$13.64
Market Capitalization more info button	$39.8 billion

TTM: trailing 12 months

Corning Incorporated's environmental, social and governance track record

Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Corning Incorporated.

When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.

Corning Incorporated's total ESG risk score

Total ESG risk: 24.22

Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Corning Incorporated's overall score of 24.22 (as at 12/31/2018) is pretty good – landing it in it in the 24th percentile of companies rated in the same sector.

ESG scores are increasingly used to estimate the level of risk a company like Corning Incorporated is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).

Corning Incorporated's environmental score

Environmental score: 12.41/100

Corning Incorporated's environmental score of 12.41 puts it squarely in the 5th percentile of companies rated in the same sector. This could suggest that Corning Incorporated is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.

Corning Incorporated's social score

Social score: 9.2/100

Corning Incorporated's social score of 9.2 puts it squarely in the 5th percentile of companies rated in the same sector. This could suggest that Corning Incorporated is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.

Corning Incorporated's governance score

Governance score: 11.61/100

Corning Incorporated's governance score puts it squarely in the 5th percentile of companies rated in the same sector. That could suggest that Corning Incorporated is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.

Corning Incorporated's controversy score

Controversy score: 2/5

ESG scores also evaluate any incidences of controversy that a company has been involved in. Corning Incorporated scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that Corning Incorporated has, for the most part, managed to keep its nose clean.

Environmental, social, and governance (ESG) summary

Corning Incorporated was last rated for ESG on: 2019-01-01.

Total ESG score	24.22
Total ESG percentile	24.32
Environmental score	12.41
Environmental score percentile	5
Social score	9.2
Social score percentile	5
Governance score	11.61
Governance score percentile	5
Level of controversy	2

Corning Incorporated stock dividends

Dividend payout ratio: 62.92% of net profits

Recently Corning Incorporated has paid out, on average, around 100% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Corning Incorporated shareholders could enjoy a 0% return on their shares, in the form of dividend payments. In Corning Incorporated's case, that would currently equate to about $1.12 per share.

Corning Incorporated's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

Corning Incorporated's most recent dividend payout was on 12 December 2024. The latest dividend was paid out to all shareholders who bought their stocks by 14 November 2024 (the "ex-dividend date").

Have Corning Incorporated's stocks ever split?

Corning Incorporated's stocks were split on a 3:1 basis on 3 October 2000 . So if you had owned 1 share the day before before the split, the next day you'd have owned 3 shares. This wouldn't directly have changed the overall worth of your Corning Incorporated stocks – just the quantity. However, indirectly, the new 66.7% lower stock price could have impacted the market appetite for Corning Incorporated stocks, which in turn could have impacted Corning Incorporated's stock price.

Corning Incorporated stock price volatility

Over the last 12 months, Corning Incorporated's stocks have ranged in value from as little as $28.8621 up to $50.7263. A popular way to gauge a stock's volatility is its "beta."

Beta is a measure of a stocks volatility in relation to the market. The market (NYSE average) beta is 1, while Corning Incorporated's is 1.029. This would suggest that Corning Incorporated's stocks are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

Corning Incorporated overview

Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. The company's Display Technologies segment 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. Its Optical Communications segment 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. The company's Specialty Materials segment 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 various markets comprising mobile consumer electronics, semiconductor equipment optics and consumables, aerospace and defense optics, radiation shielding products, sunglasses, and telecommunications components. Its Environmental Technologies segment provides ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications. The company's Life Sciences segment offers laboratory products, including consumables, such as plastic vessels, liquid handling plastics, specialty surfaces, cell culture media, and serum, as well as general labware, and glassware and equipment under the Corning, Pyrex, Falcon, and Axygen brands. The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989.

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Frequently asked questions

What percentage of Corning Incorporated is owned by insiders or institutions?
Currently 8.957% of Corning Incorporated stocks are held by insiders and 72.656% by institutions. How many people work for Corning Incorporated?
Latest data suggests 49,800 work at Corning Incorporated. When does the fiscal year end for Corning Incorporated?
Corning Incorporated's fiscal year ends in December. Where is Corning Incorporated based?
Corning Incorporated's address is: One Riverfront Plaza, Corning, NY, United States, 14831 What is Corning Incorporated's ISIN number?
Corning Incorporated's international securities identification number is: US2193501051 What is Corning Incorporated's CUSIP number?
Corning Incorporated's Committee on Uniform Securities Identification Procedures number is: 219319209

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