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Corning GLW Price / book

Price / book at other companies

Thermo Fisher Scientific logo
Thermo Fisher ScientificTMO
3.5×-0.3×
Danaher logo
DanaherDHR
2.5×-0.4×
Amphenol logo
AmphenolAPH
11.1×+3.4×
Amkor Technology logo
Amkor TechnologyAMKR
2.5×+1.4×
Coherent logo
CoherentCOHR
4.2×+2.3×
Lumentum Holdings Inc. logo
Lumentum Holdings Inc.LITE
16.9×+12.0×

Other financials

Income statement

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Revenue$4.1B+20.1%
Gross profit$1.5B+25.9%
Operating income$639.0M+43.6%
Net income$371.0M+136%
EPS (diluted)$0.43+139%

Balance sheet

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Cash & equivalents$1.8B+29.1%
Total debt$248.0M-96.6%
Total equity$11.8B+10.2%
Total assets$31.3B+14.1%

Cash flow

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Operating cash flow$362.0M+140%
CapEx$332.0M+59.6%
Free cash flow$30.0M+153%

Valuation

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Market cap$150.96B+198%
Enterprise value$149.45B+155%
P/E83.4×-28.3×
P/S9.3×+5.5×

Profitability

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Gross margin36.4%+3.3pp
Operating margin15.2%+5.4pp
Net margin11.1%+7.8pp

Returns & leverage

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Return on equity16.1%+11.9pp
Debt / equity-0.7×
Current ratio1.6×-0.1×

Where this comes from

Calculated from Corning’s reported figures.

Based on the most recent quarter.

The official record: Corning’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Corning's price / book?
Corning (GLW) reported price / book of 9.9× in Q1 2026.
How has Corning's price / book changed year-over-year?
Corning's price / book increased by 170.1% year-over-year, from 3.7× to 9.9×.
What is the long-term trend for Corning's price / book?
Over 4 years (2021 to 2025), Corning's price / book has grown at a 16.7% compound annual growth rate (CAGR), from 10.8× to 20.1×.
What does price / book mean?
How the market price compares to the company's accounting net worth.
How do you interpret price / book?
Below 1.0 can flag a market discount to book value (common for distressed or asset-heavy firms); high values reflect intangible value the balance sheet doesn't capture. Most informative for financials and asset-heavy businesses.
How does price / book compare across companies?
A core valuation gauge for banks and insurers; weak for asset-light firms where book value understates economic value.