CORNING INC /NY (GLW)

Drawing & Insulating of Nonferrous Wire

Latest Price

$168.46

TTM P/E

80.99

Normalized P/E

131.39

Div Yield

0.50%

Book Value

13.78

P/B Ratio

12.22

Valuation metrics

EPS: $1.83

Book value / share: $13.56

Formula: √(22.5 × EPS × BVPS)

Graham Number

$23.63

86% 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

98% 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

53% downside

EPS: $1.83

Target P/E: 81×

Formula: EPS × P/E

P/E Fair Value

$148.23

12% downside

75.2% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	66.13M	$16.89B	7.72%	-580.9K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	50.83M	$12.98B	5.93%	+375.2K	2026-06-30
STATE STREET CORP	41.11M	$10.50B	4.80%	+4.85M	2026-06-30
JPMORGAN CHASE & CO	36.02M	$9.21B	4.20%	+24.25M	2026-06-30
Capital Research Global Investors	24.70M	$6.31B	2.88%	+2.85M	2026-06-30
FMR LLC	24.03M	$6.14B	2.80%	-881.5K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	18.92M	$4.83B	2.21%	-9.35M	2026-06-30
BANK OF AMERICA CORP /DE/	18.73M	$4.78B	2.19%	+4.23M	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	18.36M	$4.67B	2.14%	-2.60M	2026-06-30
MORGAN STANLEY	15.13M	$3.87B	1.77%	-532.9K	2026-06-30