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GuruFocus has detected 6 Warning Signs with Corning Inc $GLW.
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Corning Inc (NYSE:GLW)
EV-to-EBITDA
5.23 (As of Today)

EV/EBITDA ratio is calculated as enterprise value divided by its EBITDA. As of today, Corning Inc's enterprise value is $26,388 Mil. Corning Inc's earnings before depreciation and amortization for the trailing twelve months (TTM) ended in Dec. 2016 was $5,046 Mil. Therefore, Corning Inc's EV/EBITDA ratio for today is 5.23.

GLW' s EV-to-EBITDA Range Over the Past 10 Years
Min: 3   Max: 41.7
Current: 5.23

3
41.7

During the past 13 years, the highest EV/EBITDA Ratio of Corning Inc was 41.70. The lowest was 3.00. And the median was 6.90.

GLW's EV-to-EBITDA is ranked higher than
84% of the 2052 Companies
in the Global Electronic Components industry.

( Industry Median: 11.11 vs. GLW: 5.23 )

EV/EBITDA (Enterprise value/EBITDA) is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the P/E Ratio to determine the fair market value of a company.

As of today, Corning Inc's stock price is $27.41. Corning Inc's earnings per share for the trailing twelve months (TTM) ended in Dec. 2016 was $3.19. Therefore, Corning Inc's P/E Ratio for today is 8.59.

The "classic" EV/EBITDA ratio is much better in capturing debt and net cash than the P/E Ratio.


Definition

Corning Inc's EV/EBITDA for today is calculated as:

EV/EBITDA=Enterprise Value (Today)/Earnings Before Depreciation and Amortization (TTM)
=26388.322/5046
=5.23

Corning Inc's current Enterprise Value is $26,388 Mil.
Corning Inc's Earnings Before Depreciation and Amortization for the trailing twelve months (TTM) ended in Dec. 2016 was -336 (Mar. 2016 ) + 2038 (Jun. 2016 ) + 598 (Sep. 2016 ) + 2746 (Dec. 2016 ) = $5,046 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

EV/EBITDA (Enterprise value/EBITDA) is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the P/E Ratio to determine the fair market value of a company.

Corning Inc's P/E Ratio for today is calculated as:

P/E Ratio=Share Price (Today)/Earnings Per Share (TTM)
=27.41/3.19
=8.59

Corning Inc's share price for today is $27.41.
Corning Inc's Earnings Per Share for the trailing twelve months (TTM) ended in Dec. 2016 was -0.36 (Mar. 2016 ) + 1.87 (Jun. 2016 ) + 0.26 (Sep. 2016 ) + 1.42 (Dec. 2016 ) = $3.19.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Study has found that the companies with the lowest EV/EBITDA outperforms companies measured as cheap by other ratios such as P/E Ratio.

Please read Which price ratio outperforms the enterprise multiple?


Related Terms

Enterprise Value, Earnings Before Depreciation and Amortization, P/E Ratio


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Corning Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ev2ebitda 18.023.7510.145.443.815.166.415.888.154.65

Corning Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
ev2ebitda 6.085.885.954.885.468.1515.507.488.534.65
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