Corning Inc (GLW)

Drawing & Insulating of Nonferrous Wire

Latest Price

$153.76

TTM P/E

70.53

Normalized P/E

115.93

Div Yield

0.55%

Book Value

14.59

P/B Ratio

10.54

Valuation metrics

EPS: $1.83

Book value / share: $13.56

Formula: √(22.5 × EPS × BVPS)

Graham Number

$23.63

85% downside

Norm. op. income: $1.3B (median of 7yr)

Tax rate: 21%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$3.98

97% downside

Base FCF: $1.0B (median of recent 5yr)

Growth: 25%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$78.45

49% downside

EPS: $1.83

Target P/E: 71×

Formula: EPS × P/E

P/E Fair Value

$129.93

15% downside

74.8% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	66.13M	$16.89B	7.67%	-580.9K	2026-06-30
Vanguard Capital Management LLC	50.83M	$12.98B	5.90%	+375.2K	2026-06-30
State Street Corp	41.11M	$10.50B	4.77%	+4.85M	2026-06-30
JPMorgan Chase & Co	36.02M	$9.21B	4.18%	+24.25M	2026-06-30
Capital Research Global Investors	24.70M	$6.31B	2.87%	+2.85M	2026-06-30
FMR LLC	24.03M	$6.14B	2.79%	-881.5K	2026-06-30
Vanguard Portfolio Management LLC	18.92M	$4.83B	2.19%	-9.35M	2026-06-30
Bank of America Corp	18.73M	$4.78B	2.17%	+4.23M	2026-06-30
Geode Capital Management, LLC	18.36M	$4.67B	2.13%	-2.60M	2026-06-30
Morgan Stanley	15.13M	$3.87B	1.76%	-532.9K	2026-06-30