Corning Incorporated (GLW) Fair Value & Analysis

Technology · US · Market cap $133B · ISIN US2193501051

What is Corning Incorporated really worth?

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

What matters now

• The price sits above even our optimistic bull case ($49.17). The favourable scenario is already priced in.
• The model range is unusually wide ($16.78 to $49.17). The outcome hinges heavily on assumptions, so read the point estimate with caution.
• Solid but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 3, 2026.

How to read this chart

60‑month range $25.02 – $255.69 · fair‑value band $16.78 – $49.17 · the $146.00 price screens above the $31.57 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 3, 2026.

Full chart & analysis →

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Analysis

Corning Incorporated (GLW) currently trades at $146.00, while our model-based Fair Value estimate is $31.57, implying the stock looks roughly 362.5% overvalued today. The Quality Score stands at 69/100 (solid quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of $43.28 per share, and 0 of the 26 models we run sit above the $146.00 price. Bear case: the Asset-Based group reads lowest at $9.19, and 26 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Corning Incorporated generated revenue of $16.3B at a net margin of 11.1%. Revenue grew 20.0% year over year. It earns a return on equity of 16.7%. Net debt stands at $8.7B. Fundamentals as of Sep 3, 2026

Our scenario range runs from $16.78 (bear case) to $49.17 (bull case); at $146.00, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 31% below its 52-week high and 198% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −62% fair-value upside, at −78%, GLW screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly $0.6496 per share, which is 2.1 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Widest divergence: Growth Earnings ($43.28) versus Asset-Based ($9.19). Highest evidence: FCF DCF (78).

Key figures & financial health

Quality Score breakdown

About the company

Corning Incorporated operates in optical communications, display, specialty materials, automotive, and life sciences businesses in the United States, Canada, Mexico, Japan, Taiwan, China, South Korea, Germany, and internationally.

Full company description

Corning Incorporated operates in optical communications, display, specialty materials, automotive, and life sciences businesses in the United States, Canada, Mexico, Japan, Taiwan, China, South Korea, Germany, and internationally. The company 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. It also 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. In addition, it 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 markets, such as mobile consumer electronics, semiconductor equipment optics and consumables, aerospace and defense optics, radiation shielding products, sunglasses, and telecommunications components. Further, the company provides ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications, as well as technical glass and optic products and solutions for the interior and exterior of vehicles. Additionally, it offers laboratory products, including plastic vessels, liquid handling plastics, specialty surfaces, cell culture media, and serum, as well as general labware, and glassware and equipment under the Corning, Falcon, PYREX, and Axygen brands. It also offers polysilicon products and pharmaceutical glass tubing and vials. The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. Corning Incorporated was founded in 1851 and is headquartered in Corning, New York.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Corning Incorporated reported revenue of $15.6B in FY2025 versus $14.1B in FY2021, a compound +2.6%/yr. Reported net income was $1.6B in FY2025, compounding −4.3%/yr from FY2021.

GLW screens 363% overvalued. Compare with Amphenol Corporation →

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

• Corning (GLW) is Well Positioned for Strong Earnings Growth Yahoo Finance · Sep 2, 2026
• Reflecting On Electronic Components Stocks’ Q2 Earnings: Corning (NYSE:GLW) Yahoo Finance · Aug 31, 2026

Peer Group

Electronic Components · 638 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Electronic Components median · lower = cheaper

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0: the price sits above our fair-value range.

Insider activity: 46/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

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