Using the PEG framework with analyst consensus forward EPS growth of 25.0% plus 0.9% dividend yield, Corning Incorporated has a fair value of $77.33 based on NTM EPS (FY2026) of $3.09. The current PEG ratio is 1.14.
PEG < 1 = bargain, 1–1.5 = fair, > 2 = expensive.
Growth above 25% is capped — hypergrowth may not be sustainable long-term.
| EPS Growth RateForward | 37.7% |
| Dividend Yield | +0.9% |
| Adjusted Growth (clamped 8–25%)Clamped | 25.0% |
| Fair P/E | 25.0x |
| NTM EPS (FY2026) | $3.09 |
| Fair Value | $77.33 |
| Period | EPS Est. | Growth | Analysts |
|---|---|---|---|
| FY2025 (actual) | $1.85 | — | — |
| FY2026E | $3.09 | +67.2% | 8 |
| FY2027E | $3.88 | +25.5% | 8 |
| FY2028E | $4.83 | +24.4% | 4 |
3Y Forward EPS CAGR: 37.7%
| Year | Net Income | EPS | YoY |
|---|---|---|---|
| FY2021 | $1.9B | $1.28 | — |
The PEG Fair Value uses the Price/Earnings-to-Growth framework. A stock is fairly valued when its P/E ratio equals its earnings growth rate (PEG = 1.0). This model adds dividend yield to the growth rate per the original PEGY formula.
Growth rate priority: analyst consensus forward EPS CAGR (when ≥ 3 analysts cover the stock), falling back to historical EPS CAGR. Using EPS rather than net income avoids distortion from share buybacks. The growth rate is clamped between 8% and 25% — below 8% would undervalue stable earners, while above 25% would overvalue unsustainable spikes.
| FY2022 | $1.3B | $1.54 | +20.3% |
| FY2023 | $581.0M | $0.68 | -55.8% |
| FY2024 | $506.0M | $0.58 | -14.7% |
| FY2025 | $1.6B | $1.85 | +219.0% |
4Y Historical EPS CAGR: 9.6%