Celestica Inc (CLS) is overvalued and Corning Inc (GLW) is overvalued.
Both trade above our estimate of their intrinsic value. CLS is the closer of the two: -93%, against -206% for GLW.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 13.5% (average of 3 methods) values the shares at $184.33; the price of $356.09 is 93% above that value, and 64% of that value comes from beyond year five.
Leak Score 59/100 on 3 of 12 signals
Discounting its cash flows at 10.3% (average of 3 methods) values the shares at $52.22; the price of $159.69 is 206% above that value, and 72% of that value comes from beyond year five.
Leak Score 56/100 on 10 of 12 signals
| Metric | CLS | GLW |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $356.09 | $159.69 |
| Intrinsic value | $184.33 | $52.22 |
| Margin of safety | -93% | -206% |
| Leak Score | 59/100 (3/12) | 56/100 (10/12) |
| Market cap | $44.9B | $137.6B |
| Revenue growth, 5 years | 16.6% | 6.7% |
| Operating margin | 8.4% | 16.5% |
| Net margin | 7.2% | 11.2% |
| Return on equity | 52.7% | 16.1% |
| Debt to equity | 0.40 | 0.75 |
| P/E | 37.0x | 73.3x |
| Forward P/E | 18.3x | 36.7x |
| P/B | 16.5x | 11.5x |
| Dividend yield | — | 0.7% |