(GLW) Corning - Overview
Stock: Optical Fibers, Display Glass, Environmental Ceramics, Specialty Glass, Labware
| Risk 5d forecast | |
|---|---|
| Volatility | 52.5% |
| Relative Tail Risk | -16.4% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 2.55 |
| Alpha | 153.52 |
| Character TTM | |
|---|---|
| Beta | 1.267 |
| Beta Downside | 1.402 |
| Drawdowns 3y | |
|---|---|
| Max DD | 27.57% |
| CAGR/Max DD | 2.35 |
EPS (Earnings per Share)
Revenue
Description: GLW Corning January 29, 2026
Corning Incorporated (GLW) is a diversified technology company organized around four core businesses: optical communications, display technologies, environmental technologies, and life-sciences. It supplies fiber-optic cable, connectors, and related hardware to telecom carriers and data-center operators; glass substrates and cover-glass for LCD and OLED panels used in TVs, laptops and mobile devices; ceramic substrates and emission-control filters for gasoline, diesel and hybrid powertrains; and laboratory consumables and specialty glassware under the Corning, Pyrex, Falcon and Axygen brands.
In the latest quarter (Q3 2025), Corning reported revenue of **$3.78 billion**, a **6 % year-over-year increase**, driven primarily by a **9 % surge in the optical communications segment** as 5G roll-outs and hyperscale data-center capex accelerated. The display technologies unit posted a **12 % rise in sales**, reflecting higher OLED TV shipments and demand for high-refresh-rate laptop panels. Environmental technologies saw operating margin improve to **18 %**, benefitting from tighter EU and Chinese emissions standards that are expanding the market for automotive ceramic filters. Overall, the company’s **free-cash-flow conversion** stood at **85 %**, indicating strong cash generation relative to earnings.
These trends suggest that Corning’s exposure to data-center growth, the transition to OLED displays, and stricter automotive emissions regulations are key macro drivers of its near-term performance. For a deeper quantitative view, you might explore the GLW valuation metrics on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 8.5
| Net Income: 1.60b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 1.05 > 1.0 |
| NWC/Revenue: 21.17% < 20% (prev 23.43%; Δ -2.26% < -1%) |
| CFO/TA 0.09 > 3% & CFO 2.69b > Net Income 1.60b |
| Net Debt (8.70b) to EBITDA (3.73b): 2.33 < 3 |
| Current Ratio: 1.59 > 1.5 & < 3 |
| Outstanding Shares: last quarter (860.0m) vs 12m ago 0.70% < -2% |
| Gross Margin: 35.91% > 18% (prev 0.33%; Δ 3558 % > 0.5%) |
| Asset Turnover: 53.24% > 50% (prev 47.30%; Δ 5.94% > 0%) |
| Interest Coverage Ratio: 7.11 > 6 (EBITDA TTM 3.73b / Interest Expense TTM 336.0m) |
Altman Z'' 3.85
| A: 0.11 (Total Current Assets 8.94b - Total Current Liabilities 5.63b) / Total Assets 30.98b |
| B: 0.53 (Retained Earnings 16.55b / Total Assets 30.98b) |
| C: 0.08 (EBIT TTM 2.39b / Avg Total Assets 29.36b) |
| D: 0.82 (Book Value of Equity 15.37b / Total Liabilities 18.67b) |
| Altman-Z'' Score: 3.85 = AA |
Beneish M -2.89
| DSRI: 1.14 (Receivables 2.78b/2.05b, Revenue 15.63b/13.12b) |
| GMI: 0.91 (GM 35.91% / 32.60%) |
| AQI: 1.02 (AQ_t 0.21 / AQ_t-1 0.20) |
| SGI: 1.19 (Revenue 15.63b / 13.12b) |
| TATA: -0.04 (NI 1.60b - CFO 2.69b) / TA 30.98b) |
| Beneish M-Score: -2.89 (Cap -4..+1) = A |
What is the price of GLW shares?
Over the past week, the price has changed by +4.53%, over one month by +50.71%, over three months by +78.79% and over the past year by +174.07%.
Is GLW a buy, sell or hold?
- StrongBuy: 8
- Buy: 1
- Hold: 5
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the GLW price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 115.3 | -17.3% |
| Analysts Target Price | 115.3 | -17.3% |
GLW Fundamental Data Overview February 21, 2026
P/E Forward = 42.9185
P/S = 7.1358
P/B = 9.6978
P/EG = 1.4924
Revenue TTM = 15.63b USD
EBIT TTM = 2.39b USD
EBITDA TTM = 3.73b USD
Long Term Debt = 7.63b USD (from longTermDebt, last quarter)
Short Term Debt = 901.0m USD (from shortTermDebt, last quarter)
Debt = 10.22b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 8.70b USD (from netDebt column, last quarter)
Enterprise Value = 120.22b USD (111.52b + Debt 10.22b - CCE 1.53b)
Interest Coverage Ratio = 7.11 (Ebit TTM 2.39b / Interest Expense TTM 336.0m)
EV/FCF = 85.08x (Enterprise Value 120.22b / FCF TTM 1.41b)
FCF Yield = 1.18% (FCF TTM 1.41b / Enterprise Value 120.22b)
FCF Margin = 9.04% (FCF TTM 1.41b / Revenue TTM 15.63b)
Net Margin = 10.21% (Net Income TTM 1.60b / Revenue TTM 15.63b)
Gross Margin = 35.91% ((Revenue TTM 15.63b - Cost of Revenue TTM 10.02b) / Revenue TTM)
Gross Margin QoQ = 35.26% (prev 37.07%)
Tobins Q-Ratio = 3.88 (Enterprise Value 120.22b / Total Assets 30.98b)
Interest Expense / Debt = 0.91% (Interest Expense 93.0m / Debt 10.22b)
Taxrate = 13.42% (91.0m / 678.0m)
NOPAT = 2.07b (EBIT 2.39b * (1 - 13.42%))
Current Ratio = 1.59 (Total Current Assets 8.94b / Total Current Liabilities 5.63b)
Debt / Equity = 0.87 (Debt 10.22b / totalStockholderEquity, last quarter 11.81b)
Debt / EBITDA = 2.33 (Net Debt 8.70b / EBITDA 3.73b)
Debt / FCF = 6.15 (Net Debt 8.70b / FCF TTM 1.41b)
Total Stockholder Equity = 11.29b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.44% (Net Income 1.60b / Total Assets 30.98b)
RoE = 14.13% (Net Income TTM 1.60b / Total Stockholder Equity 11.29b)
RoCE = 12.62% (EBIT 2.39b / Capital Employed (Equity 11.29b + L.T.Debt 7.63b))
RoIC = 10.80% (NOPAT 2.07b / Invested Capital 19.14b)
WACC = 9.76% (E(111.52b)/V(121.75b) * Re(10.58%) + D(10.22b)/V(121.75b) * Rd(0.91%) * (1-Tc(0.13)))
Discount Rate = 10.58% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.53%
[DCF Debug] Terminal Value 75.63% ; FCFF base≈1.24b ; Y1≈1.51b ; Y5≈2.53b
Fair Price DCF = 26.61 (EV 31.53b - Net Debt 8.70b = Equity 22.83b / Shares 857.9m; r=9.76% [WACC]; 5y FCF grow 23.93% → 2.90% )
EPS Correlation: 48.74 | EPS CAGR: 7.97% | SUE: 0.57 | # QB: 0
Revenue Correlation: 40.49 | Revenue CAGR: 3.69% | SUE: -1.67 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.68 | Chg30d=+0.003 | Revisions Net=+4 | Analysts=10
EPS current Year (2026-12-31): EPS=3.08 | Chg30d=-0.014 | Revisions Net=+1 | Growth EPS=+22.3% | Growth Revenue=+13.1%
EPS next Year (2027-12-31): EPS=3.81 | Chg30d=+0.107 | Revisions Net=+6 | Growth EPS=+23.6% | Growth Revenue=+12.7%