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Corning (Corning) EV-to-EBITDA

: 13.21 (As of Today)
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EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Corning's enterprise value is $33,204 Mil. Corning's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 was $2,514 Mil. Therefore, Corning's EV-to-EBITDA for today is 13.21.

The historical rank and industry rank for Corning's EV-to-EBITDA or its related term are showing as below:

GLW' s EV-to-EBITDA Range Over the Past 10 Years
Min: 4.58   Med: 9.49   Max: 20.32
Current: 13.21

During the past 13 years, the highest EV-to-EBITDA of Corning was 20.32. The lowest was 4.58. And the median was 9.49.

GLW's EV-to-EBITDA is ranked worse than
50.92% of 1842 companies
in the Hardware industry
Industry Median: 12.915 vs GLW: 13.21

EV-to-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 PE Ratio to determine the fair market value of a company.

As of today (2024-04-18), Corning's stock price is $30.98. Corning's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2023 was $0.670. Therefore, Corning's PE Ratio for today is 46.24.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio.


Corning EV-to-EBITDA Historical Data

The historical data trend for Corning's EV-to-EBITDA 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 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EV-to-EBITDA
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.34 14.91 8.75 9.23 13.13

Corning Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EV-to-EBITDA 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 9.23 12.16 13.89 12.63 13.13

Competitive Comparison

For the Electronic Components subindustry, Corning's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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 EV-to-EBITDA Distribution

For the Hardware industry and Technology sector, Corning's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Corning's EV-to-EBITDA falls into.



Corning EV-to-EBITDA Calculation

Corning's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=33203.820/2514
=13.21

Corning's current Enterprise Value is $33,204 Mil.
Corning's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,514 Mil.

* 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  (NYSE:GLW) EV-to-EBITDA Explanation

EV-to-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 PE Ratio to determine the fair market value of a company.

Corning's PE Ratio for today is calculated as:

PE Ratio=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=30.98/0.670
=46.24

Corning's share price for today is $30.98.
Corning's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.670.

* 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.

Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio.

Please read Which price ratio outperforms the enterprise multiple?


Corning EV-to-EBITDA Related Terms

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


Corning (Corning) Business Description

Address
One Riverfront Plaza, Corning, NY, USA, 14831
Corning 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
Lawrence D Mcrae officer: Senior Vice President ONE RIVERFRONT PLAZA, CORNING NY 14831
Lewis A Steverson officer: Senior Vice President ONE RIVERFRONT PLAZA, CORNING NY 14831
Wendell P Weeks officer: President and COO ONE RIVERFRONT PLZ, CORNING NY 14831
Jordana Daryl Kammerud officer: Senior Vice President & CHRO ONE RIVERFRONT PLAZA, CORNING NY 14831
Thomas D French director ONE RIVERFRONT PLAZA, CORNING NY 14831
Michael Alan Bell officer: Senior VP &.GM, Optical Comm. ONE RIVERFRONT PLAZA, CORNING NY 14831
Bayne John P Jr officer: SVP & GM Mobile Consumer Elec. ONE RIVERFRONT PLAZA, CORNING NY 14831
Jeffrey W Evenson officer: Senior Vice President ONE RIVERFRONT PLAZA, CORNING NY 14831
Anne Mullins officer: Senior Vice President & CDIO ONE RIVERFRONT PLAZA, CORNING NY 14831
John Z Zhang officer: Senior VP & GM, Display ONE RIVERFRONT PLAZA, CORNING NY 14831
Cheryl C Capps officer: SVP & Chief Supply Chain Off. 5830 GRANITE PARKWAY, SUITE 1150, PLANO TX 75024
Li Fang officer: Pres.&GM Corning Greater China ONE RIVERFRONT PLAZA, CORNING NY 14831
Soumya Seetharam officer: Senior Vice President & CDIO ONE RIVERFRONT PLAZA, CORNING NY 14831
Jaymin Amin officer: SVP and Chief Tech. Officer ONE RIVERFRONT PLAZA, CORNING NY 14831
Robert P. France officer: Senior VP, Human Resources ONE RIVERFRONT PLAZA, CORNING NY 14831

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