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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 1.55
GLW's Cash to Debt is ranked higher than
64% of the 2933 Companies
in the Global Electronic Components industry.

( Industry Median: 1.31 vs. GLW: 1.55 )
GLW' s 10-Year Cash to Debt Range
Min: 0.04   Max: 2.8
Current: 1.55

0.04
2.8
Equity to Asset 0.73
GLW's Equity to Asset is ranked higher than
82% of the 2818 Companies
in the Global Electronic Components industry.

( Industry Median: 0.56 vs. GLW: 0.73 )
GLW' s 10-Year Equity to Asset Range
Min: 0.23   Max: 0.77
Current: 0.73

0.23
0.77
Interest Coverage 15.70
GLW's Interest Coverage is ranked lower than
53% of the 1723 Companies
in the Global Electronic Components industry.

( Industry Median: 126.19 vs. GLW: 15.70 )
GLW' s 10-Year Interest Coverage Range
Min: 4.77   Max: 25.76
Current: 15.7

4.77
25.76
F-Score: 7
Z-Score: 3.71
M-Score: -2.85
WACC vs ROIC
12.42%
7.28%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating margin (%) 20.93
GLW's Operating margin (%) is ranked higher than
97% of the 2924 Companies
in the Global Electronic Components industry.

( Industry Median: 3.65 vs. GLW: 20.93 )
GLW' s 10-Year Operating margin (%) Range
Min: -100.02   Max: 27.16
Current: 20.93

-100.02
27.16
Net-margin (%) 26.60
GLW's Net-margin (%) is ranked higher than
99% of the 2924 Companies
in the Global Electronic Components industry.

( Industry Median: 2.88 vs. GLW: 26.60 )
GLW' s 10-Year Net-margin (%) Range
Min: -90.92   Max: 88.38
Current: 26.6

-90.92
88.38
ROE (%) 11.93
GLW's ROE (%) is ranked higher than
79% of the 2888 Companies
in the Global Electronic Components industry.

( Industry Median: 6.23 vs. GLW: 11.93 )
GLW' s 10-Year ROE (%) Range
Min: -68.52   Max: 45.83
Current: 11.93

-68.52
45.83
ROA (%) 8.68
GLW's ROA (%) is ranked higher than
87% of the 2950 Companies
in the Global Electronic Components industry.

( Industry Median: 3.17 vs. GLW: 8.68 )
GLW' s 10-Year ROA (%) Range
Min: -36.27   Max: 30.5
Current: 8.68

-36.27
30.5
ROC (Joel Greenblatt) (%) 13.25
GLW's ROC (Joel Greenblatt) (%) is ranked higher than
71% of the 2941 Companies
in the Global Electronic Components industry.

( Industry Median: 10.06 vs. GLW: 13.25 )
GLW' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -108.33   Max: 52
Current: 13.25

-108.33
52
Revenue Growth (3Y)(%) 11.00
GLW's Revenue Growth (3Y)(%) is ranked higher than
86% of the 2134 Companies
in the Global Electronic Components industry.

( Industry Median: 1.90 vs. GLW: 11.00 )
GLW' s 10-Year Revenue Growth (3Y)(%) Range
Min: -27.6   Max: 17.4
Current: 11

-27.6
17.4
EBITDA Growth (3Y)(%) 8.40
GLW's EBITDA Growth (3Y)(%) is ranked higher than
76% of the 1724 Companies
in the Global Electronic Components industry.

( Industry Median: 2.50 vs. GLW: 8.40 )
GLW' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -49.6   Max: 34.1
Current: 8.4

-49.6
34.1
EPS Growth (3Y)(%) -0.80
GLW's EPS Growth (3Y)(%) is ranked higher than
66% of the 1520 Companies
in the Global Electronic Components industry.

( Industry Median: 2.40 vs. GLW: -0.80 )
GLW' s 10-Year EPS Growth (3Y)(%) Range
Min: -35.1   Max: 106
Current: -0.8

-35.1
106
» GLW's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q2 2014

GLW Guru Trades in Q2 2014

John Hussman 250,000 sh (+2400.00%)
Ray Dalio 302,490 sh (+308.52%)
Paul Tudor Jones 29,999 sh (+122.21%)
John Buckingham 368,073 sh (+0.23%)
Robert Olstein 207,000 sh (unchged)
Jeff Auxier 383,951 sh (unchged)
First Eagle Investment 40 sh (unchged)
Caxton Associates Sold Out
Jeremy Grantham Sold Out
Yacktman Focused Fund Sold Out
Dodge & Cox 57,842,418 sh (-0.27%)
PRIMECAP Management 19,825,950 sh (-0.79%)
Charles Brandes 10,018,018 sh (-0.94%)
Richard Pzena 10,149,295 sh (-8.68%)
HOTCHKIS & WILEY 30,447,082 sh (-8.97%)
Mario Gabelli 1,137,068 sh (-13.67%)
Bill Frels 3,580,460 sh (-13.76%)
Brian Rogers 12,778,786 sh (-14.81%)
Yacktman Fund 3,550,000 sh (-25.26%)
Arnold Van Den Berg 1,965,378 sh (-31.70%)
David Dreman 92,597 sh (-33.30%)
Donald Yacktman 4,513,066 sh (-38.04%)
» More
Q3 2014

GLW Guru Trades in Q3 2014

John Hussman 650,000 sh (+160.00%)
Paul Tudor Jones 50,269 sh (+67.57%)
Ray Dalio 447,676 sh (+48.00%)
Robert Olstein 267,000 sh (+28.99%)
HOTCHKIS & WILEY 32,308,348 sh (+6.11%)
Richard Pzena 10,440,873 sh (+2.87%)
John Buckingham 373,356 sh (+1.44%)
First Eagle Investment 40 sh (unchged)
Yacktman Fund 3,550,000 sh (unchged)
PRIMECAP Management 19,825,950 sh (unchged)
Jeff Auxier 383,301 sh (-0.17%)
Donald Yacktman 4,501,907 sh (-0.25%)
Dodge & Cox 57,660,438 sh (-0.31%)
Brian Rogers 12,250,000 sh (-4.14%)
Bill Frels 3,407,515 sh (-4.83%)
Arnold Van Den Berg 1,813,595 sh (-7.72%)
David Dreman 81,291 sh (-12.21%)
Mario Gabelli 975,268 sh (-14.23%)
Charles Brandes 7,127,356 sh (-28.85%)
» More
Q4 2014

GLW Guru Trades in Q4 2014

Jim Simons 1,716,900 sh (New)
Joel Greenblatt 1,974,880 sh (New)
Paul Tudor Jones 113,534 sh (+125.85%)
Ray Dalio 561,376 sh (+25.40%)
Robert Olstein 313,000 sh (+17.23%)
David Dreman 92,350 sh (+13.60%)
Richard Pzena 11,357,075 sh (+8.78%)
Charles Brandes 7,578,803 sh (+6.33%)
Dodge & Cox 58,052,475 sh (+0.68%)
Brian Rogers 12,250,000 sh (unchged)
Yacktman Fund 3,550,000 sh (unchged)
First Eagle Investment 40 sh (unchged)
PRIMECAP Management 19,817,850 sh (-0.04%)
John Buckingham 373,205 sh (-0.04%)
Jeff Auxier 382,301 sh (-0.26%)
Donald Yacktman 4,471,132 sh (-0.68%)
Bill Frels 3,265,395 sh (-4.17%)
Arnold Van Den Berg 1,617,708 sh (-10.80%)
Mario Gabelli 797,286 sh (-18.25%)
HOTCHKIS & WILEY 26,067,901 sh (-19.32%)
John Hussman 500,000 sh (-23.08%)
» More
Q1 2015

GLW Guru Trades in Q1 2015

Jim Simons 2,506,300 sh (+45.98%)
John Hussman 600,000 sh (+20.00%)
Joel Greenblatt 2,094,002 sh (+6.03%)
PRIMECAP Management 19,827,850 sh (+0.05%)
First Eagle Investment 40 sh (unchged)
Arnold Van Den Berg 14,543 sh (unchged)
Arnold Van Den Berg Sold Out
John Buckingham 370,622 sh (-0.69%)
Brian Rogers 12,000,000 sh (-2.04%)
Dodge & Cox 55,821,375 sh (-3.84%)
HOTCHKIS & WILEY 24,244,934 sh (-6.99%)
Bill Frels 3,020,879 sh (-7.49%)
Mario Gabelli 713,766 sh (-10.48%)
Charles Brandes 6,776,941 sh (-10.58%)
Ray Dalio 472,076 sh (-15.91%)
David Dreman 75,697 sh (-18.03%)
Donald Yacktman 3,582,997 sh (-19.86%)
Yacktman Fund 2,810,000 sh (-20.85%)
Robert Olstein 240,000 sh (-23.32%)
Richard Pzena 7,724,858 sh (-31.98%)
Paul Tudor Jones 68,230 sh (-39.90%)
Jeff Auxier 100,951 sh (-73.59%)
» More
» Details

Insider Trades

Latest Guru Trades with GLW

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Guru Investment Theses on Corning Inc

Bill Frels Comments on Corning Inc - Jun 25, 2014

On the equity side, Corning, Incorporated (GLW) proved to be the largest contributor to performance for the period, returning 16.84%. As a global producer of residential and commercial building materials, glass-fiber reinforcements and engineered materials for composite systems, Corning has evolved over the last decade from being a manufacturer of optical fiber and cable into a broad-based supplier of optical solutions for the communications industry.



From Bill Frels' Mairs & Power Balance Fund First Quarter 2014 Commentary.



Check out Bill Frels latest stock trades

Top Ranked Articles about Corning Inc

A Look at Van Den Berg's Top Five Stocks
Arnold Van Den Berg is the founder of Austin-based Century Management. He and his team seek companies that are trading at discounts to their intrinsic value either because they are lesser known, have a short-term problem or are temporarily out of favor. Read more...
Bill Frels Comments on Corning Inc
On the equity side, Corning, Incorporated (GLW) proved to be the largest contributor to performance for the period, returning 16.84%. As a global producer of residential and commercial building materials, glass-fiber reinforcements and engineered materials for composite systems, Corning has evolved over the last decade from being a manufacturer of optical fiber and cable into a broad-based supplier of optical solutions for the communications industry. Read more...
Bill Frels' Mairs & Power Balance Fund First Quarter 2014 Commentary
March 31, 2014 Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 11.50
GLW's P/E(ttm) is ranked higher than
89% of the 3203 Companies
in the Global Electronic Components industry.

( Industry Median: 40.00 vs. GLW: 11.50 )
GLW' s 10-Year P/E(ttm) Range
Min: 2.23   Max: 401.25
Current: 11.5

2.23
401.25
Forward P/E 12.90
GLW's Forward P/E is ranked higher than
90% of the 3203 Companies
in the Global Electronic Components industry.

( Industry Median: 0.00 vs. GLW: 12.90 )
N/A
PE(NRI) 11.40
GLW's PE(NRI) is ranked higher than
89% of the 3203 Companies
in the Global Electronic Components industry.

( Industry Median: 41.30 vs. GLW: 11.40 )
GLW' s 10-Year PE(NRI) Range
Min: 2.23   Max: 428
Current: 11.4

2.23
428
P/B 1.40
GLW's P/B is ranked higher than
68% of the 3203 Companies
in the Global Electronic Components industry.

( Industry Median: 1.93 vs. GLW: 1.40 )
GLW' s 10-Year P/B Range
Min: 0.74   Max: 7.44
Current: 1.4

0.74
7.44
P/S 3.10
GLW's P/S is ranked lower than
62% of the 3203 Companies
in the Global Electronic Components industry.

( Industry Median: 1.11 vs. GLW: 3.10 )
GLW' s 10-Year P/S Range
Min: 1.97   Max: 9.48
Current: 3.1

1.97
9.48
PFCF 12.40
GLW's PFCF is ranked higher than
86% of the 3203 Companies
in the Global Electronic Components industry.

( Industry Median: 597.33 vs. GLW: 12.40 )
GLW' s 10-Year PFCF Range
Min: 6.45   Max: 555
Current: 12.4

6.45
555
POCF 8.33
GLW's POCF is ranked higher than
83% of the 3203 Companies
in the Global Electronic Components industry.

( Industry Median: 24.06 vs. GLW: 8.33 )
GLW' s 10-Year POCF Range
Min: 4.77   Max: 28.53
Current: 8.33

4.77
28.53
EV-to-EBIT 13.63
GLW's EV-to-EBIT is ranked higher than
78% of the 3203 Companies
in the Global Electronic Components industry.

( Industry Median: 29.56 vs. GLW: 13.63 )
GLW' s 10-Year EV-to-EBIT Range
Min: -54.7   Max: 150.4
Current: 13.63

-54.7
150.4
PEG 1.65
GLW's PEG is ranked higher than
92% of the 3203 Companies
in the Global Electronic Components industry.

( Industry Median: 0.00 vs. GLW: 1.65 )
GLW' s 10-Year PEG Range
Min: 0.23   Max: 4.7
Current: 1.65

0.23
4.7
Shiller P/E 12.60
GLW's Shiller P/E is ranked higher than
95% of the 3203 Companies
in the Global Electronic Components industry.

( Industry Median: 0.00 vs. GLW: 12.60 )
GLW' s 10-Year Shiller P/E Range
Min: 5.42   Max: 1368
Current: 12.6

5.42
1368
Current Ratio 4.87
GLW's Current Ratio is ranked higher than
92% of the 2847 Companies
in the Global Electronic Components industry.

( Industry Median: 1.93 vs. GLW: 4.87 )
GLW' s 10-Year Current Ratio Range
Min: 1.22   Max: 5.78
Current: 4.87

1.22
5.78
Quick Ratio 4.17
GLW's Quick Ratio is ranked higher than
93% of the 2847 Companies
in the Global Electronic Components industry.

( Industry Median: 1.42 vs. GLW: 4.17 )
GLW' s 10-Year Quick Ratio Range
Min: 0.75   Max: 4.98
Current: 4.17

0.75
4.98
Days Inventory 87.35
GLW's Days Inventory is ranked higher than
60% of the 3203 Companies
in the Global Electronic Components industry.

( Industry Median: 79.42 vs. GLW: 87.35 )
GLW' s 10-Year Days Inventory Range
Min: 66.07   Max: 96.3
Current: 87.35

66.07
96.3
Days Sales Outstanding 56.01
GLW's Days Sales Outstanding is ranked higher than
81% of the 3203 Companies
in the Global Electronic Components industry.

( Industry Median: 81.54 vs. GLW: 56.01 )
GLW' s 10-Year Days Sales Outstanding Range
Min: 31.42   Max: 68.67
Current: 56.01

31.42
68.67

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.00
GLW's Dividend Yield is ranked higher than
55% of the 1954 Companies
in the Global Electronic Components industry.

( Industry Median: 1.78 vs. GLW: 2.00 )
GLW' s 10-Year Dividend Yield Range
Min: 0.19   Max: 2.75
Current: 2

0.19
2.75
Dividend Payout 0.23
GLW's Dividend Payout is ranked higher than
100% of the 3203 Companies
in the Global Electronic Components industry.

( Industry Median: 0.00 vs. GLW: 0.23 )
GLW' s 10-Year Dividend Payout Range
Min: 0.03   Max: 5
Current: 0.23

0.03
5
Dividend growth (3y) 21.10
GLW's Dividend growth (3y) is ranked higher than
88% of the 978 Companies
in the Global Electronic Components industry.

( Industry Median: 4.00 vs. GLW: 21.10 )
GLW' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 26
Current: 21.1

0
26
Yield on cost (5-Year) 4.35
GLW's Yield on cost (5-Year) is ranked higher than
79% of the 2002 Companies
in the Global Electronic Components industry.

( Industry Median: 1.93 vs. GLW: 4.35 )
GLW' s 10-Year Yield on cost (5-Year) Range
Min: 0.43   Max: 6.29
Current: 4.35

0.43
6.29
Share Buyback Rate 3.40
GLW's Share Buyback Rate is ranked higher than
95% of the 1573 Companies
in the Global Electronic Components industry.

( Industry Median: -1.20 vs. GLW: 3.40 )
GLW' s 10-Year Share Buyback Rate Range
Min: 3.4   Max: -16.4
Current: 3.4

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.60
GLW's Price/Tangible Book is ranked higher than
68% of the 3203 Companies
in the Global Electronic Components industry.

( Industry Median: 2.40 vs. GLW: 1.60 )
GLW' s 10-Year Price/Tangible Book Range
Min: 0.93   Max: 17.47
Current: 1.6

0.93
17.47
Price/DCF (Projected) 0.72
GLW's Price/DCF (Projected) is ranked higher than
93% of the 3203 Companies
in the Global Electronic Components industry.

( Industry Median: 0.00 vs. GLW: 0.72 )
GLW' s 10-Year Price/DCF (Projected) Range
Min: 0.64   Max: 19.72
Current: 0.72

0.64
19.72
Price/Median PS Value 0.72
GLW's Price/Median PS Value is ranked higher than
92% of the 3203 Companies
in the Global Electronic Components industry.

( Industry Median: 1.30 vs. GLW: 0.72 )
GLW' s 10-Year Price/Median PS Value Range
Min: 0.11   Max: 3.16
Current: 0.72

0.11
3.16
Price/Graham Number 0.81
GLW's Price/Graham Number is ranked higher than
85% of the 3203 Companies
in the Global Electronic Components industry.

( Industry Median: 3.60 vs. GLW: 0.81 )
GLW' s 10-Year Price/Graham Number Range
Min: 0.38   Max: 11.29
Current: 0.81

0.38
11.29
Earnings Yield (Greenblatt) 7.30
GLW's Earnings Yield (Greenblatt) is ranked higher than
75% of the 2896 Companies
in the Global Electronic Components industry.

( Industry Median: 4.30 vs. GLW: 7.30 )
GLW' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.7   Max: 16.9
Current: 7.3

0.7
16.9
Forward Rate of Return (Yacktman) 5.99
GLW's Forward Rate of Return (Yacktman) is ranked higher than
71% of the 1327 Companies
in the Global Electronic Components industry.

( Industry Median: 5.59 vs. GLW: 5.99 )
GLW' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -2.3   Max: 31
Current: 5.99

-2.3
31

Business Description

Industry: Computer Hardware » Electronic Components
Compare:HTHIY, MIELY, APH, TEL, CBE » details
Traded in other countries:GLW.Germany, GLW.Mexico, GLW.Argentina, GLW.Switzerland,
Corning Inc was incorporated in the State of New York in December 1936. The Company's name was changed from Corning Glass Works to Corning Incorporated on April 28, 1989. The Company is engaged in manufacturing of specialty glass and ceramics. It operates in five reportable segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials and Life Sciences. The Display Technologies segment manufactures glass substrates for active matrix liquid crystal displays (LCDs) that are used in LCD televisions, notebook computers and flat panel desktop monitors. This segment develops, manufactures and supplies high quality glass substrates using technology expertise and a proprietary fusion manufacturing process, which Corning invented and is the cornerstone of the Company's technology leadership in the LCD industry. The Optical Communications segment is classified into two main product groupings - carrier network and enterprise network. The carrier network product group consists of products and solutions for optical-based communications infrastructure for services such as video, data and voice communications. The enterprise network product group consists of optical-based communication networks sold to businesses, governments and individuals for their own use. The Environmental Technologies segment manufactures ceramic substrates and filter products for emissions control in mobile and stationary applications around the world. The Specialty Materials segment manufactures products that provide more than 150 material formulations for glass, glass ceramics and fluoride crystals to meet demand for customer needs. Consequently, this segment operates in a wide variety of commercial and industrial markets that include display optics and components, semiconductor optics components, aerospace and defense, astronomy, ophthalmic products, telecommunications components and cover glass that is optimized for portable display devices.
» More Articles for GLW

Headlines

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Corning has more Upside to Offer and Here's Why Apr 28 2015 
Corning: A Solid Long-Term Investment Mar 30 2015 
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Corning's Strong Performance Across Different Segments Will Power Its Long-Term Growth Feb 27 2015 
Corning: Strong Volume Growth Can Provide Good Returns To Investors Feb 23 2015 
Why Corning Should Continue Moving Higher Feb 23 2015 
Why Corning Will Continue Outperforming in the Future Feb 09 2015 
Why Corning is a Buy After Recent Earnings Release Feb 02 2015 
Texas Superinvestor Arnold Van Den Berg Adds One to Top Five Holdings of Q4 Jan 20 2015 
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