4:17a For our light and momentary affliction is producing for us

For our (excl.) slight and temporary hardships/troubles are obtaining for us
-or-
Our ⌊great⌋ troubles ⌊seem only⌋ little and short-lived, ⌊because they⌋ result in

4:17b an eternal glory that is far beyond comparison.

an eternal glory that is very much greater than those troubles,
-or-
a splendor/majesty for us that lasts forever. That splendor/majesty is so great that it is beyond comparison ⌊to those troubles⌋.

4:17a–b (reordered)

For our troubles gain/obtain for us an eternal glory that is very much greater than them, and so those troubles ⌊in comparison⌋ seem only light/small and last only a short time.
-or-
Our troubles cause us to have a splendor/majesty that will remain forever. That splendor/majesty is very much greater than the pain of all those troubles. Therefore, those troubles can be thought of as being only little and short-lived.

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