2 models fit Corning Incorporated Common Stock and they disagree: 0 of 2 land within 15% of the average. The price is above every model.
Two or more of our models back this value.
Large premium(i)
Valued as a mature, profitable company: Discounted cash flow, P/E comparison, EV/EBITDA comparison, Graham number, and Dividend discount.
ACCE opinionCorning Incorporated Common Stock (GLW)
Fair value (2 models)
$66.33
ACCE price target
$122
Rating
Overvalued
Horizon
12 months
Fair value published on 24 Oct 2026, 16:06 CEST; previously $73.31 since 17 Oct 2026, 00:00 CEST.
ACCE price target published on 18 Sept 2026, 00:00 CEST.
Rating published on 24 Oct 2026, 16:06 CEST.
Price used: $124 at the close on 23 Oct 2026, 22:00 CEST.
Models: P/E comparison and EV/EBITDA comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
86.5% above
-46.4% to fair value
ACCE score
53
out of 100
Analysts
72% buy
18 covering
P/E
62.0x
forward 38.5x
1-year return
+44.1%
Dividend yield
0.83%
Corning Incorporated Common Stock in four questions
Plain answers, details below
Free accounts get 5 full stock pages a month, including the four answers.
Overview
ACCE thesis
Corning manufactures specialty glass and ceramics for optical communications, display panels, environmental controls, and life sciences applications. The company's moat rests on decades of materials science expertise and high switching costs in telecom infrastructure, where its optical fiber and cable products are embedded in carrier networks globally. AI data center buildout is driving near-term demand for optical interconnect solutions, with hyperscalers racing to expand capacity. Revenue growth of 16.6% and forward PE of 35.8 suggest the market is pricing in sustained strength, but the stock trades at a significant premium to historical averages despite operating margins of 15.6% that remain below pre-pandemic levels. The optical communications segment, which represents roughly 30% of sales, is benefiting from a multi-year cycle that could extend visibility into 2026 if capex spending holds.