Question 1

What is Corning's P/B ratio?

Accepted Answer

Corning (GLW) P/B ratio is 11.3× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. 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/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for Corning?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For Corning specifically, the relevant sector benchmark is the current sector median of 5.6×.

Question 5

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

Accepted Answer

Corning's P/B ratio of 11.3× is above its own 5-year average of 3.5× and above the sector median of 5.6×. 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/B ratio range?

Accepted Answer

In the available daily series, Corning (GLW) P/B ratio has ranged from a low of 0.3× in 2002 to a high of 18.7× in 2026. The 5-year average is 3.5× and the 5-year median is 2.6×.

Question 7

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

Accepted Answer

Corning (GLW) P/B ratio at the end of 2025 was 6.4×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). 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	$75.3B	$11.8B	6.4×	+2.5×	Dec 31, 2025
2024	$41.9B	$10.7B	3.9×	+1.7×	Dec 31, 2024
2023	$25.9B	$11.6B	2.2×	+0.0×	Dec 31, 2023
2022	$26.9B	$12B	2.2×	-0.3×	Dec 31, 2022
2021	$31.6B	$12.3B	2.6×	+0.5×	Dec 31, 2021
2020	$27.5B	$13.3B	2.1×	+0.3×	Dec 31, 2020
2019	$22.2B	$12.9B	1.7×	-0.0×	Dec 31, 2019
2018	$24B	$13.8B	1.7×	+0.1×	Dec 31, 2018
2017	$26.3B	$15.7B	1.7×	+0.4×	Dec 31, 2017
2016	$22.9B	$17.9B	1.3×	+0.2×	Dec 31, 2016
2015	$20.9B	$18.8B	1.1×	-0.2×	Dec 31, 2015
2014	$29.3B	$21.6B	1.4×	+0.2×	Dec 31, 2014
2013	$25.2B	$21.2B	1.2×	+0.3×	Dec 31, 2013
2012	$18.6B	$21.5B	0.9×	-0.1×	Dec 31, 2012
2011	$20.1B	$21.1B	1.0×	-0.6×	Dec 31, 2011
2010	$30.1B	$19.4B	1.6×	-0.4×	Dec 31, 2010
2009	$30B	$15.5B	1.9×	+0.8×	Dec 31, 2009
2008	$14.8B	$13.4B	1.1×	-2.8×	Dec 31, 2008
2007	$36.9B	$9.5B	3.9×	-0.1×	Dec 31, 2007
2006	$28.7B	$7.25B	4.0×	-1.3×	Dec 31, 2006
2005	$29.7B	$5.61B	5.3×	+1.0×	Dec 31, 2005
2004	$16.5B	$3.82B	4.3×	+1.8×	Dec 31, 2004
2003	$14B	$5.46B	2.6×	+1.7×	Dec 31, 2003
2002	$3.92B	$4.69B	0.8×	—	Dec 31, 2002


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P/B Ratio for Corning (GLW) 2002-2026

P/B Ratio daily chart for Corning (GLW)

Historical P/B Ratio for Corning (GLW) from 2002 to 2025

About P/B Ratio at Corning (GLW)

Corning P/B Ratio by Year

Corning P/B Ratio 2025: 6.4×

Corning P/B Ratio 2024: 3.9×

Corning P/B Ratio 2023: 2.2×

Corning P/B Ratio 2022: 2.2×

Corning P/B Ratio 2021: 2.6×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Corning (GLW) Key Financials