Corning
GLW
#640
Rank
$30.64 B
Marketcap
$35.78
Share price
-1.39%
Change (1 day)
13.46%
Change (1 year)
Corning, Inc. is an American company that produces glass, ceramics and related materials for industrial and scientific applications.

P/E ratio for Corning (GLW)

P/E ratio as of May 2024 (TTM): 52.6

According to Corning's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 52.5797. At the end of 2022 the company had a P/E ratio of 20.3.

P/E ratio history for Corning from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202220.3-26.78%
202127.8-58.32%
202066.7154.21%
201926.27.64%
201824.4-154.83%
2017-44.4-760.87%
20166.72-62.85%
201518.146.02%
201412.4-6.8%
201313.323.29%
201210.849.58%
20117.21-14.9%
20108.47-43.39%
200915.0429.33%
20082.83-83.85%
200717.512.31%
200615.6-68.28%
200549.2-759.79%
2004-7.45-83.57%
2003-45.31804.33%
2002-2.3857.77%
2001-1.51

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
38.1-27.59%๐Ÿ‡บ๐Ÿ‡ธ USA
21.9-58.41%๐Ÿ‡บ๐Ÿ‡ธ USA
-7.47-114.21%๐Ÿ‡บ๐Ÿ‡ธ USA
24.9-52.65%๐Ÿ‡จ๐Ÿ‡ญ Switzerland
-0.1946-100.37%๐Ÿ‡บ๐Ÿ‡ธ USA
94.8 80.32%๐Ÿ‡บ๐Ÿ‡ธ USA
11.5-78.16%๐Ÿ‡บ๐Ÿ‡ธ USA
13.9-73.61%๐Ÿ‡บ๐Ÿ‡ธ USA

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.