Corning Incorporated (GLW) stock fundamentals

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Company overview

Corning Incorporated operates in optical communications, display technologies, environmental technologies, specialty materials, and life sciences businesses. 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. Additionally, it offers laboratory products, including consumables, such as plastic vessels, liquid handling plastics, specialty surfaces, cell culture media, and serum, as well as general labware, and glassware and equipment under the Corning, Pyrex, Falcon, and Axygen brands. Corning Incorporated operates in the United States, Canada, Mexico, Japan, Taiwan, China, South Korea, Germany, and internationally. The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. The company was founded in 1851 and is headquartered in Corning, New York.

Daily valuation snapshot

Read GLW's valuation metrics

1. Company size

   Corning Incorporated's recorded market capitalization is $134,962,323,701.08. It measures the market value of the company's equity, rather than its revenue or cash balance.

2. Price relative to earnings

   GLW's recorded P/E is 71.03: about $71.03 of share price for each $1 of trailing annual earnings per share. Compare that multiple with earnings growth and companies in the same business.

3. Price relative to book equity

   GLW's recorded price-to-book ratio is 10.28. That compares its market equity value with recorded book equity. Examine its business and balance sheet to understand why those values differ.

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