P/E ratio for Corning (GLW)
P/E ratio as of April 2024 (TTM): 44.8
According to Corning's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 44.7971. 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 |
|---|---|---|
| 2022 | 20.3 | -26.78% |
| 2021 | 27.8 | -58.32% |
| 2020 | 66.7 | 154.21% |
| 2019 | 26.2 | 7.64% |
| 2018 | 24.4 | -154.83% |
| 2017 | -44.4 | -760.87% |
| 2016 | 6.72 | -62.85% |
| 2015 | 18.1 | 46.02% |
| 2014 | 12.4 | -6.8% |
| 2013 | 13.3 | 23.29% |
| 2012 | 10.8 | 49.58% |
| 2011 | 7.21 | -14.9% |
| 2010 | 8.47 | -43.39% |
| 2009 | 15.0 | 429.33% |
| 2008 | 2.83 | -83.85% |
| 2007 | 17.5 | 12.31% |
| 2006 | 15.6 | -68.28% |
| 2005 | 49.2 | -759.79% |
| 2004 | -7.45 | -83.57% |
| 2003 | -45.3 | 1804.33% |
| 2002 | -2.38 | 57.77% |
| 2001 | -1.51 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Thermo Fisher Scientific TMO | 35.3 | -21.20% | 🇺🇸 USA |
 PPG Industries
PPG | 22.5 | -49.82% | 🇺🇸 USA |
 3M MMM | -6.86 | -115.31% | 🇺🇸 USA |
 TE Connectivity
TEL | 23.2 | -48.25% | 🇨🇭 Switzerland |
 CommScope
COMM | -0.1594 | -100.36% | 🇺🇸 USA |
 Plantronics POLY | 94.8 | 111.64% | 🇺🇸 USA |
 Clearfield CLFD | 8.76 | -80.46% | 🇺🇸 USA |
 Owens Corning
OC | 12.3 | -72.58% | 🇺🇸 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.