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Corning Shiller PE Ratio

: 26.08 (As of Today)
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As of today (2022-08-16), Corning's current share price is $37.295. Corning's E10 for the quarter that ended in Jun. 2022 was $1.43. Corning's Shiller PE Ratio for today is 26.08.

The historical rank and industry rank for Corning's Shiller PE Ratio or its related term are showing as below:

GLW' s Shiller PE Ratio Range Over the Past 10 Years
Min: 9.58   Med: 15.7   Max: 34.51
Current: 26.18

During the past years, Corning's highest Shiller PE Ratio was 34.51. The lowest was 9.58. And the median was 15.70.

GLW's Shiller PE Ratio is ranked worse than
55.07% of 1282 companies
in the Hardware industry
Industry Median: 22.98 vs GLW: 26.18

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Corning's adjusted earnings per share data for the three months ended in Jun. 2022 was $0.660. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.43 for the trailing ten years ended in Jun. 2022.

Shiller PE for Stocks: The True Measure of Stock Valuation


Corning Shiller PE Ratio Historical Data

The historical data trend for Corning's Shiller PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Corning Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Shiller PE Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.07 19.81 19.26 27.50 28.40

Corning Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 31.99 28.68 28.40 26.73 22.03

Competitive Comparison

For the Electronic Components subindustry, Corning's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Corning Shiller PE Ratio Distribution

For the Hardware industry and Technology sector, Corning's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Corning's Shiller PE Ratio falls into.



Corning Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Corning's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=37.295/1.43
=26.08

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Corning's E10 for the quarter that ended in Jun. 2022 is calculated as:

For example, Corning's adjusted earnings per share data for the three months ended in Jun. 2022 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2022 (Change)*Current CPI (Jun. 2022)
=0.66/123.3228*123.3228
=0.660

Current CPI (Jun. 2022) = 123.3228.

Corning Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201209 0.360 97.633 0.455
201212 0.190 96.871 0.242
201303 0.330 98.209 0.414
201306 0.430 98.518 0.538
201309 0.280 98.790 0.350
201312 0.300 98.326 0.376
201403 0.200 99.695 0.247
201406 0.110 100.560 0.135
201409 0.720 100.428 0.884
201412 0.700 99.070 0.871
201503 0.290 99.621 0.359
201506 0.360 100.684 0.441
201509 0.150 100.392 0.184
201512 0.170 99.792 0.210
201603 -0.360 100.470 -0.442
201606 1.870 101.688 2.268
201609 0.260 101.861 0.315
201612 1.470 101.863 1.780
201703 0.070 102.862 0.084
201706 0.420 103.349 0.501
201709 0.390 104.136 0.462
201712 -1.660 104.011 -1.968
201803 -0.720 105.290 -0.843
201806 0.780 106.317 0.905
201809 0.670 106.507 0.776
201812 0.320 105.998 0.372
201903 0.550 107.251 0.632
201906 0.090 108.070 0.103
201909 0.380 108.329 0.433
201912 0.010 108.420 0.011
202003 -0.160 108.902 -0.181
202006 -0.130 108.767 -0.147
202009 0.480 109.815 0.539
202012 0.280 109.897 0.314
202103 0.670 111.754 0.739
202106 -0.420 114.631 -0.452
202109 0.430 115.734 0.458
202112 0.560 117.630 0.587
202203 0.680 121.301 0.691
202206 0.660 123.323 0.660

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Corning  (NYSE:GLW) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Corning Shiller PE Ratio Related Terms

Thank you for viewing the detailed overview of Corning's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Corning Business Description

Corning logo
Address
One Riverfront Plaza, Corning, NY, USA, 14831
Corning Inc is a leader in materials science, specializing in the production of glass, ceramics and optical fiber. The firm supplies its products for a wide range of applications, from flat-panel displays in televisions to gasoline particulate filters in automobiles to optical fiber for broadband access, with a leading share in many of its end markets.
Executives
Amin Jaymin officer: SVP and Chief Tech. Officer ONE RIVERFRONT PLAZA CORNING NY 14831
Capps Cheryl C officer: SVP & Chief Supply Chain Off. 5830 GRANITE PARKWAY SUITE 1150 PLANO TX 75024
Craig Pamela director C/O ACCENTURE 161 N CLARK STREET CHICAGO IL 60601
Ferguson Roger W. Jr. director CORNING INCORPORATED ONE RIVERFRONT PLAZA CORNING NY 14831
Samsung Display Co., Ltd. 10 percent owner 1, SAMSUNG-RO, GIHEUNG-GU, YONGIN-SI GYEONGGI-DO M5 17113
Bell Michael Alan officer: Senior VP &.GM, Optical Comm. ONE RIVERFRONT PLAZA CORNING NY 14831
Becker Stefan officer: SVP & Operations Controller ONE RIVERFRONT PLAZA CORNING NY 14831
Zhang John Z officer: Senior VP & GM, Display ONE RIVERFRONT PLAZA CORNING NY 14831
Verkleeren Ronald L officer: Senior VP & GM, Life Sciences ONE RIVERFRONT PLAZA CORNING NY 14831
Nelson Avery H Iii officer: Senior VP & GM, Automotive ONE RIVERFRONT PLAZA CORNING NY 14831
Bayne John P Jr officer: SVP & GM Mobile Consumer Elec. ONE RIVERFRONT PLAZA CORNING NY 14831
Fang Li officer: Pres.&GM Corning Greater China ONE RIVERFRONT PLAZA CORNING NY 14831
Mullins Anne officer: Senior Vice President & CDIO ONE RIVERFRONT PLAZA CORNING NY 14831
France Robert P. officer: Senior VP, Human Resources ONE RIVERFRONT PLAZA CORNING NY 14831
Brun Leslie A director 435 DEVON PARK DRIVE 700 BUILDING WAYNE PA 19087

Corning Headlines

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By Zacks 2022-01-27

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