Q1 results and Q2 guidance put Owens Corning (OC) in focus
Owens Corning (OC) is back on investors’ radar after first quarter 2026 results showed weaker sales and profitability, followed by fresh second quarter revenue guidance and an update on its multi year share repurchase program.
See our latest analysis for Owens Corning.
At a share price of $114.08, Owens Corning’s recent results and Q2 revenue guidance have been met with some pressure, with the stock’s 90 day share price return down 14.99% and its 1 year total shareholder return down 19.40%. However, the 3 and 5 year total shareholder returns of 9.56% and 20.14% present a more mixed longer term picture and indicate that recent momentum has faded.
If earnings news has you reassessing building and infrastructure exposure, it may help to broaden your watchlist with other companies tied to physical assets and long term projects through the 38 power grid technology and infrastructure stocks
With the stock down double digits over the past year but trading below some valuation estimates, investors are left with a key question: Is Owens Corning now trading at a discount, or is the market already pricing in future growth?
Most Popular Narrative: 21.2% Undervalued
Against a last close of $114.08, the most followed narrative places Owens Corning’s fair value at $144.81, using a 10.19% discount rate and detailed long term forecasts.
Robust, forward investment in capacity expansion and technology including new shingle and nonwovens lines positions Owens Corning to capture increasing demand for energy-efficient, resilient building materials, supporting future revenue growth as energy codes tighten and consumer preferences shift towards sustainable construction.
Want to see what underpins that higher fair value? The narrative leans on rising revenue, sharply higher margins and a future earnings base that looks very different from today.
Result: Fair Value of $144.81 (UNDERVALUED)
Have a read of the narrative in full and understand what's behind the forecasts.
However, there are clear tension points, including exposure to softer residential construction and signs of oversupply in insulation and roofing that could pressure pricing and margins.
Find out about the key risks to this Owens Corning narrative.
Next Steps
Mixed signals on valuation, growth and industry risks make Owens Corning a stock where the data really matters. Take a closer look at both sides before you decide where you stand and review the 4 key rewards and 2 important warning signs
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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