Analyze undervaluation/ overvaluation of Corning with current and 1 Year Forward PE

INSIGHT

Corning is overvalued at current PE, but undervalued on future earnings estimates

Right Now : Current PE vs 5 year Average PE

Overvalued

Fair price

Based on 5Yr Average PE

81.3

Upside

Current PE versus 5Yr Average PE

-12.9 %

1 Year Forward : 5 Yr Average PE & Projected 1Yr Forward EPS*

Undervalued

Fair price

Based on 1Yr Forward EPS

128.6

Upside

5 Yr Average PE & 1Yr Forward EPS

37.8 %

Info: The Corning's current PE is 58.56 ,while its 5 year PE average is 51.0. Its forward PE based on analyst estimates is 37.0

Note: The forward PE ratio (or forward price-to-earnings ratio) is calculated by dividing the current share price of a company by the estimated(1Yr) future (“forward”) earnings per share (EPS) of that company.

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Start Date *

Furthest date for non subscribers is 24-01-2024

End Date *

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Analyze undervaluation/ overvaluation of Corning with historical PE and PBV ratios

from 24 Jan, 2024 to 23 Jan, 2026

Restated PE

Buy Zone

33.3% into PE buy sell zone

% time spent below current PE

0 20 40 60 80 100

Strong upside potential

Gains already realized

Out of 501 days, Corning traded 167 (33.3%) days below the current PE of on Restated basis.

Originally Reported PE

Buy Zone

33.1% into PE buy sell zone

% time spent below current PE

0 20 40 60 80 100

Strong upside potential

Gains already realized

Out of 501 days, Corning traded 166 (33.1%) days below the current PE of on Originally Reported basis.

Note: This is a reverse percentile score. Values close to 100% are bad while values close to 0% are good. Days when PE is negative are not considered in the analysis

Restated Data
Originally Reported Data

33.1%

Buy Zone

% Days traded below current PE

58.6

Current PE

102.9

Average PE

79.7

Median PE

128.6

Forward 1Y Price

37.0

Forward PE

2.5

Forward EPS

PE range	Days traded in range	% Days traded in range	Days traded within & below range	% Days traded within & below range
43-47	26	5.2%	26	5.2%
47-48	35	7.0%	61	12.2%
48-52	41	8.2%	102	20.4%
52-65 Current PE is 58.6	73	14.6%	175	34.9%
65-80	81	16.2%	256	51.1%
80-88	72	14.4%	328	65.5%
88-99	72	14.4%	400	79.8%
99-262	53	10.6%	453	90.4%
262-299	48	9.6%	501	100.0%
Total	501		501

33.3%

Buy Zone

% Days traded below current PE

58.6

Current PE

97.9

Average PE

77.7

Median PE

128.6

Forward 1Y Price

37.0

Forward PE

2.5

Forward EPS

PE range	Days traded in range	% Days traded in range	Days traded within & below range	% Days traded within & below range
44-47	29	5.8%	29	5.8%
47-48	31	6.2%	60	12.0%
48-52	44	8.8%	104	20.8%
52-61 Current PE is 58.6	71	14.2%	175	34.9%
61-78	77	15.4%	252	50.3%
78-88	83	16.6%	335	66.9%
88-96	67	13.4%	402	80.2%
96-261	50	10.0%	452	90.2%
261-298	49	9.8%	501	100.0%
Total	501		501

FAQ

What is the PE ratio?

In its simplest definition, the price-to-earnings ratio (PE ratio) represents the price an investor pays per dollar of a company's earnings.

For example, if a company has a PE ratio of 25, investors are willing to pay USD 25 for each dollar of the company's current earnings. This indicates that investors value the stock at 25 times its current earnings, with an expectation of future earnings growth.

The PE ratio fluctuates based on investor sentiment towards a company. Positive sentiment drives the stock price higher, resulting in a higher PE ratio (investors pay more for each dollar of earnings). Conversely, negative sentiment lowers the PE ratio (investors pay less for each dollar of earnings).
What is the PE buy/sell zone?

The PE buy/sell zone is calculated based on how many days a stock has traded at its current PE level.

To do this, we compare the current PE to the stock’s historical PE performance, to find out how often (for how many days in the past) the stock has traded at its current PE value.

If the stock has usually traded above its current PE level (it’s at a higher PE for the majority of trading days), then the stock is cheaper than usual and in the PE buy zone.

If the stock has usually traded below its current PE level (it’s at a lower PE for the majority of trading days), then the stock is more expensive than usual and in the PE sell zone.
How is the PE buy sell zone useful?

The PE buy sell zone tells you if a stock’s current PE level is unusually high or low, and if a stock doesn’t typically trade at that level. It helps investors identify stocks that are undervalued or overvalued in terms of their typical PE trading behavior.

Investors should keep in mind that the buy zone/sell zone is not a foolproof buy or sell signal. For example, the PE of a stock may have fallen substantially due to adverse events or negative news. Or the PE may have risen sharply after the company has won new orders, made an acquisition, announced a buyback, or some other positive event. PE Buy/Sell Zone signals should be looked at in conjunction with other information.
Why are the number of days different for Restated and Originally Reported data?

This can be because of any of the 2 following reasons:
1. Days when PE is negative are not considered in the analysis. So if only 1 of the Restated or Originally Reported PE is negative and the other is not, then the days will be different

2. Companies have reported Originally Reported data for limited period.

Near 52W High of $96.64

Analyze undervaluation/ overvaluation of Corning with current and 1 Year Forward PE

Analyze undervaluation/ overvaluation of Corning with historical PE and PBV ratios

Restated PE

Out of 501 days, Corning traded 167 (33.3%) days below the current PE of on Restated basis.

Originally Reported PE

Out of 501 days, Corning traded 166 (33.1%) days below the current PE of on Originally Reported basis.

FAQ

What is the PE ratio?

What is the PE buy/sell zone?

How is the PE buy sell zone useful?

Why are the number of days different for Restated and Originally Reported data?

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