Price to Sales (P/S)
since 2005
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Corning Inc. pages available for free this week:
- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Common Stock Valuation Ratios
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2005
- Net Profit Margin since 2005
- Debt to Equity since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Revenues
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Calculation
Corning Inc., P/S, long-term trends, calculation
| P/S | = | Share price1, 2, 3 | ÷ | Sales per share1 | Sales per share1 | = | Net sales1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 12, 2024 | = | ÷ | = | ÷ | |||||||
| Feb 13, 2023 | = | ÷ | = | ÷ | |||||||
| Feb 14, 2022 | = | ÷ | = | ÷ | |||||||
| Feb 12, 2021 | = | ÷ | = | ÷ | |||||||
| Feb 18, 2020 | = | ÷ | = | ÷ | |||||||
| Feb 12, 2019 | = | ÷ | = | ÷ | |||||||
| Feb 15, 2018 | = | ÷ | = | ÷ | |||||||
| Feb 6, 2017 | = | ÷ | = | ÷ | |||||||
| Feb 12, 2016 | = | ÷ | = | ÷ | |||||||
| Feb 13, 2015 | = | ÷ | = | ÷ | |||||||
| Feb 10, 2014 | = | ÷ | = | ÷ | |||||||
| Feb 13, 2013 | = | ÷ | = | ÷ | |||||||
| Feb 13, 2012 | = | ÷ | = | ÷ | |||||||
| Feb 10, 2011 | = | ÷ | = | ÷ | |||||||
| Feb 10, 2010 | = | ÷ | = | ÷ | |||||||
| Feb 24, 2009 | = | ÷ | = | ÷ | |||||||
| Feb 15, 2008 | = | ÷ | = | ÷ | |||||||
| Feb 27, 2007 | = | ÷ | = | ÷ | |||||||
| Feb 24, 2006 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Corning Inc. Annual Report.
- Share Price Trends
- The share price exhibits considerable volatility over the period analyzed. It starts at $24.70 in early 2006, declining sharply to a low of $10.14 by early 2009, likely reflecting broader market conditions or company-specific challenges. Following this trough, the share price recovers steadily, reaching a peak of $41.29 in early 2022. Towards the most recent period, the price slightly retracts to $32.18 by early 2024, indicating some pullback after the peak.
- Sales Per Share Developments
- Sales per share show a generally upward trajectory from $2.96 in early 2006 to a peak of $16.76 in early 2019. After this peak, sales per share experience a modest decline, falling to $14.75 by early 2024. The steady increase over the years suggests consistent revenue growth on a per-share basis, despite some fluctuations in recent years.
- Price-to-Sales (P/S) Ratio Analysis
- The P/S ratio demonstrates significant oscillation, initially at 8.34 in early 2006 and declining to a low near 1.86 by early 2020. This decline in the P/S ratio suggests that despite increases in sales per share, the market valuation relative to sales has contracted substantially over the years. After 2020, the ratio modestly recovers, stabilizing around 2.13 to 2.18 in the most recent years. This pattern indicates a market repricing of the company's sales relative to its share price, potentially reflecting changing investor expectations or market conditions.
- Overall Observations
- The data collectively suggest a company that has experienced significant market volatility in share price but has achieved steady revenue growth per share over time. The decline and subsequent stabilization of the P/S ratio imply changing market perceptions regarding the valuation of sales. The disparity between rising sales per share and fluctuating share price and P/S ratio could indicate varying investor sentiment or external factors affecting valuation metrics. Recent moderate declines in sales per share along with a slight decrease in share price may warrant attention to underlying operational or market dynamics.
Comparison to Competitors
Corning Inc., P/S, long-term trends, comparison to competitors
| Corning Inc. | Apple Inc. | Arista Networks Inc. | Cisco Systems Inc. | Dell Technologies Inc. | Super Micro Computer Inc. | |
|---|---|---|---|---|---|---|
| Feb 12, 2024 | ||||||
| Feb 13, 2023 | ||||||
| Feb 14, 2022 | ||||||
| Feb 12, 2021 | ||||||
| Feb 18, 2020 | ||||||
| Feb 12, 2019 | ||||||
| Feb 15, 2018 | ||||||
| Feb 6, 2017 | ||||||
| Feb 12, 2016 | ||||||
| Feb 13, 2015 | ||||||
| Feb 10, 2014 | ||||||
| Feb 13, 2013 | ||||||
| Feb 13, 2012 | ||||||
| Feb 10, 2011 | ||||||
| Feb 10, 2010 | ||||||
| Feb 24, 2009 | ||||||
| Feb 15, 2008 | ||||||
| Feb 27, 2007 | ||||||
| Feb 24, 2006 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Technology Hardware & Equipment)
Corning Inc., P/S, long-term trends, comparison to sector (technology hardware & equipment)
| Corning Inc. | Technology Hardware & Equipment | |
|---|---|---|
| Feb 12, 2024 | ||
| Feb 13, 2023 | ||
| Feb 14, 2022 | ||
| Feb 12, 2021 | ||
| Feb 18, 2020 | ||
| Feb 12, 2019 | ||
| Feb 15, 2018 | ||
| Feb 6, 2017 | ||
| Feb 12, 2016 | ||
| Feb 13, 2015 | ||
| Feb 10, 2014 | ||
| Feb 13, 2013 | ||
| Feb 13, 2012 | ||
| Feb 10, 2011 | ||
| Feb 10, 2010 | ||
| Feb 24, 2009 | ||
| Feb 15, 2008 | ||
| Feb 27, 2007 | ||
| Feb 24, 2006 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Information Technology)
Corning Inc., P/S, long-term trends, comparison to industry (information technology)
| Corning Inc. | Information Technology | |
|---|---|---|
| Feb 12, 2024 | ||
| Feb 13, 2023 | ||
| Feb 14, 2022 | ||
| Feb 12, 2021 | ||
| Feb 18, 2020 | ||
| Feb 12, 2019 | ||
| Feb 15, 2018 | ||
| Feb 6, 2017 | ||
| Feb 12, 2016 | ||
| Feb 13, 2015 | ||
| Feb 10, 2014 | ||
| Feb 13, 2013 | ||
| Feb 13, 2012 | ||
| Feb 10, 2011 | ||
| Feb 10, 2010 | ||
| Feb 24, 2009 | ||
| Feb 15, 2008 | ||
| Feb 27, 2007 | ||
| Feb 24, 2006 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).