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Corning Inc (NYSE:GLW)
EV/EBITDA
7.33 (As of Today)

EV/EBITDA ratio is calculated as enterprise value divided by its EBITDA. As of today, Corning Inc's enterprise value is $29,817 Mil. Corning Inc's earnings before depreciation and amortization for the trailing twelve months (TTM) ended in Sep. 2014 was $4,068 Mil. Therefore, Corning Inc's EV/EBITDA ratio for today is 7.33.

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 $23.32. Corning Inc's earnings per share for the trailing twelve months (TTM) ended in Sep. 2014 was $1.33. Therefore, Corning Inc's P/E Ratio for today is 17.60.

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)
=29817.200/4068
=7.33

Corning Inc's current Enterprise Value is $29,817 Mil.
Corning Inc's Earnings Before Depreciation and Amortization for the trailing twelve months (TTM) ended in Sep. 2014 was 844 (Dec. 2013 ) + 808 (Mar. 2014 ) + 673 (Jun. 2014 ) + 1743 (Sep. 2014 ) = $4,068 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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)
=23.32/1.325
=17.60

Corning Inc's share price for today is $23.32.
Corning Inc's Earnings Per Share for the trailing twelve months (TTM) ended in Sep. 2014 was 0.295 (Dec. 2013 ) + 0.2 (Mar. 2014 ) + 0.11 (Jun. 2014 ) + 0.72 (Sep. 2014 ) = $1.33.

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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 own currency.

Corning Inc Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebitda -18.3625.6117.1118.125.9910.145.443.825.166.41

Corning Inc Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
ev2ebitda 4.394.845.165.525.515.746.417.719.046.15
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