Question 1

What is Corning's P/FCF ratio?

Accepted Answer

Corning (GLW) P/FCF ratio is 102.1× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for Corning?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For Corning specifically, the relevant sector benchmark is the current sector median of 21.6×.

Question 5

Is Corning's P/FCF ratio high or low?

Accepted Answer

Corning's P/FCF ratio of 102.1× is above its own 5-year average of 42.4× and above the sector median of 21.6×. That places the current reading at the 94th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Corning's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Corning (GLW) P/FCF ratio has ranged from a low of 6.5× in 2014 to a high of 622.2× in 2018. The 5-year average is 42.4× and the 5-year median is 36.8×.

Question 7

What was Corning's P/FCF ratio in 2025?

Accepted Answer

Corning (GLW) P/FCF ratio at the end of 2025 was 53.3×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does Corning's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$75.30B	$1.41B	53.3×	+10.3×	Dec 31, 2025
2024	$41.91B	$974.00M	43.0×	+0.9×	Dec 31, 2024
2023	$25.91B	$615.00M	42.1×	+15.5×	Dec 31, 2023
2022	$26.93B	$1.01B	26.6×	+8.8×	Dec 31, 2022
2021	$31.61B	$1.77B	17.8×	-16.4×	Dec 31, 2021
2020	$27.47B	$803.00M	34.2×	-471.2×	Dec 31, 2020
2019	$22.24B	$44.00M	505.5×	+466.2×	Dec 31, 2019
2018	$24.02B	$612.00M	39.2×	-92.5×	Dec 31, 2018
2017	$26.35B	$200.00M	131.7×	+115.3×	Dec 31, 2017
2016	$22.86B	$1.39B	16.4×	+3.0×	Dec 31, 2016
2015	$20.95B	$1.56B	13.4×	+5.4×	Dec 31, 2015
2014	$29.26B	$3.63B	8.1×	-6.2×	Dec 31, 2014
2013	$25.20B	$1.77B	14.3×	+1.0×	Dec 31, 2013
2012	$18.56B	$1.41B	13.2×	-13.3×	Dec 31, 2012
2011	$20.07B	$757.00M	26.5×	+15.9×	Dec 31, 2011
2010	$30.10B	$2.83B	10.6×	-14.6×	Dec 31, 2010
2009	$29.99B	$1.19B	25.3×	-46.0×	Dec 31, 2009
2008	$14.75B	$207.00M	71.3×	+25.7×	Dec 31, 2008
2007	$36.94B	$810.00M	45.6×	-0.6×	Dec 31, 2007
2006	$28.69B	$621.00M	46.2×	-30.8×	Dec 31, 2006
2005	$29.72B	$386.00M	77.0×	-31.7×	Dec 31, 2005
2004	$16.53B	$152.00M	108.7×	—	Dec 31, 2004
2003	$14.01B	−$233.00M	—	—	Dec 31, 2003
2002	$3.92B	−$621.00M	—	—	Dec 31, 2002
2001	$8.43B	−$364.00M	—	—	Dec 31, 2001


Intuit (INTU)	13.9×
Okta (OKTA)	13.8×
EPAM Systems (EPAM)	13.4×
Zebra Technologies (ZBRA)	12.2×
Skyworks Solutions (SWKS)	11.9×
Cognizant (CTSH)	11.8×
NetApp (NTAP)	11.5×
Duolingo (DUOL)	11.1×
Block (XYZ)	11.0×
QUALCOMM (QCOM)	10.8×
Workday (WDAY)	10.5×
Salesforce (CRM)	10.5×
Qorvo (QRVO)	10.4×
Adobe (ADBE)	10.4×
Accenture (ACN)	10.3×
Fidelity National Information Services (FIS)	8.7×
DocuSign (DOCU)	8.0×
Gen Digital (GEN)	7.5×
Fiserv (FISV)	7.2×
Hewlett Packard Enterprise (HPE)	6.8×
GoDaddy (GDDY)	6.7×
Science Applications International (SAIC)	6.7×
Strategy (MSTR)	5.5×
HP (HPQ)	5.1×
Lyft (LYFT)	4.5×

P/FCF Ratio for Corning (GLW)

P/FCF Ratio daily chart for Corning (GLW)

Historical P/FCF Ratio for Corning (GLW) from 2001 to 2025

About P/FCF Ratio at Corning (GLW)

Corning P/FCF Ratio by Year

Corning P/FCF Ratio 2025: 53.3×

Corning P/FCF Ratio 2024: 43.0×

Corning P/FCF Ratio 2023: 42.1×

Corning P/FCF Ratio 2022: 26.6×

Corning P/FCF Ratio 2021: 17.8×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Corning (GLW) Key Financials

P/FCF Ratio daily chart for Corning (GLW)

Historical P/FCF Ratio for Corning (GLW) from 2001 to 2025

About P/FCF Ratio at Corning (GLW)

Corning P/FCF Ratio by Year

Corning P/FCF Ratio 2025: 53.3×

Corning P/FCF Ratio 2024: 43.0×

Corning P/FCF Ratio 2023: 42.1×

Corning P/FCF Ratio 2022: 26.6×

Corning P/FCF Ratio 2021: 17.8×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is Corning's P/FCF ratio?

+How is the P/FCF ratio calculated?

+What is the P/FCF ratio?

+What is a good P/FCF ratio for Corning?

+Is Corning's P/FCF ratio high or low?

+What is Corning's historical P/FCF ratio range?

+What was Corning's P/FCF ratio in 2025?

+Why does Corning's P/FCF ratio change over time?

Corning (GLW) Key Financials