We publish no single base value for Corning Inc. Our valuation methods put it between $67.72 and $95.13 a share. The valuation code's reason: no point fair value: the two anchors behind it compound the same growth rate and differ only in how they end — a perpetuity at the terminal rate against a multiple on the final year — so the midpoint between them measures terminal treatment rather than what the business is worth. The published range is the same reading with the false precision removed: read it as the span the method supports, and treat neither edge as a point estimate.
| Method | Value | vs price | Basis |
|---|---|---|---|
| Discounted cash flow | $95.13 | -20.4% | free cash flow $2.46bn, growth 18.4% for 5 years, then fading to 3% over 5 more, discounted at 10.39%; stress floor $43.59 |
| Exit multiple (P/E) | $67.72 | -43.3% | earnings per share $3.38 valued at 19.12× (the stock's own median P/E) in 5 years, discounted back |
| Sum of the parts | — | — | no sum of the parts: 'Display' matches no business kind in the house table, so it cannot be valued. The rest are not published without it — a sum missing a part reads as a valuation and is simply wrong |
| Price to sales | — | — | not reached: the cash-flow or earnings methods produced an anchor, so this fallback was not run |
| Tangible book | — | — | used only for lenders, where book value is the business |
| Price to FFO (REITs) | — | — | used only for REITs |
Each working is rebuilt by code from the valuation's own figures and checked against the published value.
The discount rate:
| Risk-free rate | 5.13% (10-year US Treasury yield) |
| Company's own beta | 1.21 (5 years of monthly returns against the S&P 500; standard error 0.36) |
| Peer beta | 1.34 (median of 73 S&P 500 Information Technology companies) |
| Blend of own and peers | 1.25 (67% own, 33% peers, weighted by how precisely the company's own beta is measured) |
| Adjusted beta | 1.17 (0.67 × 1.25 + 0.33, pulled toward the market's 1.0) |
| Equity risk premium | 4.5% |
| Discount rate = risk-free + adjusted beta × premium | 10.39% |
Free cash flow grows 18.40% a year for 5 years, then fades in equal steps toward 3% over 5 more; each year is discounted by 1 ÷ (1 + rate)^year:
| Year | Growth | Free cash flow | Discount factor | Present value |
|---|---|---|---|---|
| Now | — | $2.46bn | — | — |
| Year 1 | 18.40% | $2.91bn | 0.9058 | $2.64bn |
| Year 2 | 18.40% | $3.45bn | 0.8205 | $2.83bn |
| Year 3 | 18.40% | $4.08bn | 0.7433 | $3.04bn |
| Year 4 | 18.40% | $4.84bn | 0.6733 | $3.26bn |
| Year 5 | 18.40% | $5.73bn | 0.6099 | $3.49bn |
| Year 6 | 15.83% | $6.63bn | 0.5525 | $3.66bn |
| Year 7 | 13.27% | $7.51bn | 0.5004 | $3.76bn |
| Year 8 | 10.70% | $8.32bn | 0.4533 | $3.77bn |
| Year 9 | 8.13% | $8.99bn | 0.4106 | $3.69bn |
| Year 10 | 5.57% | $9.49bn | 0.3720 | $3.53bn |
| Terminal value = year-10 cash flow × (1 + 3%) ÷ (10.39% − 3%) | $132.23bn |
| Terminal value in today's money | $49.19bn |
| Present value of years 1–10 | $33.67bn |
| Total present value | $82.86bn |
| Shares outstanding | 871.00m |
| Value per share = total ÷ shares | $95.13 |
How the DCF value moves with the discount rate and the starting growth (the middle cell is the published value):
| Discount rate | Growth 13.4% | Growth 18.4% | Growth 23.4% |
|---|---|---|---|
| 9.39% | $84.14 | $112.29 | $149.04 |
| 10.39% | $71.69 | $95.13 | $125.65 |
| 11.39% | $62.26 | $82.16 | $108.00 |
The same DCF at each beta, starting growth unchanged:
| Beta | Value | Discount rate | DCF value |
|---|---|---|---|
| Company's own beta | 1.21 | 10.57% | $92.54 |
| Peer beta | 1.34 | 11.16% | $84.92 |
| Adjusted beta (used) | 1.17 | 10.39% | $95.13 |
Earnings per share grow on the same fading path as the DCF:
| Year | Growth | Earnings per share |
|---|---|---|
| Now | — | $3.38 |
| Year 1 | 18.40% | $4.00 |
| Year 2 | 13.78% | $4.55 |
| Year 3 | 10.55% | $5.03 |
| Year 4 | 8.28% | $5.44 |
| Year 5 | 6.70% | $5.81 |
| Earnings per share in year 5 | $5.81 |
| Exit P/E (the stock's own median P/E) | 19.12× |
| Value in 5 years = earnings × P/E | $111.03 |
| Discounted at 10.39% over 5 years: ÷ 1.6396 | $67.72 |
We publish no single base value for Corning Inc. Our valuation methods put it between $67.72 and $95.13 a share. The valuation code's reason: no point fair value: the two anchors behind it compound the same growth rate and differ only in how they end — a perpetuity at the terminal rate against a multiple on the final year — so the midpoint between them measures terminal treatment rather than what the business is worth. The published range is the same reading with the false precision removed: read it as the span the method supports, and treat neither edge as a point estimate.
One-year price simulation: a 10% chance the price is below $40.85 and a 10% chance it is above $256.01 in a year; a 42% chance it is higher than today's $119.50, from 71.24% volatility. The simulation assumes the price drifts up at our discount rate of 10.39% a year.
At $119.50 the price implies free cash flow growing 22.5% a year for five years and then fading toward 3% over five more; its revenue has grown 18.4%.
| Week | Price | Base value |
|---|---|---|
| 2 Oct 2026 | $164.19 | — |
| 9 Oct 2026 | $156.68 | — |
| 16 Oct 2026 | $132.00 | — |
| 23 Oct 2026 | $123.69 | — |
| 30 Oct 2026 | $123.31 | — |
| 6 Nov 2026 | $106.13 | — |
| 12 Nov 2026 | $119.50 | — |
Data as of 12 Nov 2026; financials to 30 Sep 2026. Sources: company filings via EODHD, SEC EDGAR, US Treasury. How these values are computed. Not investment advice.
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