Is Corning Incorporated (GLW) Undervalued?
Based on the current stock price of $89.57 and a P/E ratio of 57.42,Corning Incorporated has a PEG ratio of 2.01.
The Short Answer:
Most analysts consider a PEG ratio below 1.0 to be undervalued. With a ratio of 2.01, GLW appears to be potentially overvalued relative to its growth rate of 28.55%.
Based on a PEG ratio of 1.93 (adjusted for dividends).
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How we analyzed GLW
We calculated the PEG (Price/Earnings-to-Growth) ratio by taking the Price-to-Earnings Ratio of 57.42and dividing it by the annual growth rate of 28.55%.
PEG = 57.42 (P/E) ÷ 28.55 (Growth) = 2.01
Frequently Asked Questions about GLW
What is the current PEG Ratio for Corning Incorporated (GLW)?+
The current PEG Ratio for Corning Incorporated is 2.01. A PEG ratio below 1.0 generally suggests the stock may be undervalued relative to its growth.
Is GLW stock undervalued right now?+
Based on the PEG ratio of 2.01, Corning Incorporated appears to be potentially overvalued. Investors typically look for a PEG ratio below 1.0 to find undervalued growth stocks.
What is the PEGY Ratio for GLW?+
The PEGY ratio for Corning Incorporated is 1.93. This metric accounts for dividend yield (1.25%), providing a more complete valuation picture.