GLW
Corning Inc
Price:  
36.28 
USD
Volume:  
2,763,214.00
United States | Electronic Equipment, Instruments & Components
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Corning Fair Value

-50.61 %
Upside

As of 2024-05-28, the Fair Value of Corning Inc (GLW) is 17.92 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 36.28 USD, the upside of Corning Inc is -50.61%.

36.28 USD
Stock Price
17.92 USD
Fair Price
FAIR VALUE CALCULATION

Corning Fair Value

Peter Lynch's formula is:

Corning Fair Value
= Earnings Growth Rate x TTM EPS
Corning Fair Value
= 25.00 x 0.72
Corning Fair Value
= 17.92

The earnings growth rate we use in the formula is the average growth rate of net income/earnings over the last 5 years. If the average growth rate is smaller than 5%, we set it to 5%. If it is larger than 25%, we set it to 25%. If the TTM EPS is negative, Peter Lynch Fair Value's result can be unreliable.

Historical Earnings
2019-12-31 2020-12-31 2021-12-31 2022-12-31 2023-12-31 5Y Avg
Net income 960.00 512.00 1,906.00 1,316.00 581.00 1,055.00
YoY growth -9.94% -46.67% 272.27% -30.95% -55.85% 25.77%

Corning Fair Value - Key Data

Market Cap (mil) 31,078.17
P/E 50.62x
Forward P/E 29.22x
EPS 0.72
Avg earnings growth rate 25.77%
TTM earnings 614.00