Vitreous Glass (TSXV:VCI) Cyclically Adjusted PB Ratio: (As of Aug. 26, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSXV:VCI Vitreous Glass Inc TSXV:VCI
84 GF Score
Price C$7.00
GF Value C$8.45
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Vitreous Glass Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Vitreous Glass  (TSXV:VCI) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Vitreous Glass Cyclically Adjusted PB Ratio Related Terms


Vitreous Glass Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Vitreous Glass's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Vitreous Glass Cyclically Adjusted PB Ratio Chart

Vitreous Glass Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.16 5.09 6.44 6.51 7.76

Vitreous Glass Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.57 7.76 9.36 7.87 0.00

TSXV:VCI vs WM, RSG, WCN: Cyclically Adjusted PB Ratio Comparison

For the Waste Management subindustry, Vitreous Glass's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Vitreous Glass Cyclically Adjusted PB Ratio vs Waste Management Industry

For the Waste Management industry and Industrials sector, Vitreous Glass's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Vitreous Glass's Cyclically Adjusted PB Ratio falls into.


TSXV:VCI
84GF Score
Vitreous Glass Inc TSXV:VCI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vitreous Glass Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Vitreous Glass's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Vitreous Glass's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.809/133.5265*133.5265
=0.809

Current CPI (Jun. 2026) = 133.5265.

Vitreous Glass Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.733 101.765 0.962
201612 0.728 101.449 0.958
201703 0.718 102.634 0.934
201706 0.676 103.029 0.876
201709 0.699 103.345 0.903
201712 0.711 103.345 0.919
201803 0.671 105.004 0.853
201806 0.661 105.557 0.836
201809 0.696 105.636 0.880
201812 0.687 105.399 0.870
201903 0.641 106.979 0.800
201906 0.577 107.690 0.715
201909 0.606 107.611 0.752
201912 0.675 107.769 0.836
202003 0.657 107.927 0.813
202006 0.694 108.401 0.855
202009 0.675 108.164 0.833
202012 0.670 108.559 0.824
202103 0.600 110.298 0.726
202106 0.643 111.720 0.769
202109 0.662 112.905 0.783
202112 0.666 113.774 0.782
202203 0.678 117.646 0.770
202206 0.688 120.806 0.760
202209 0.678 120.648 0.750
202212 0.734 120.964 0.810
202303 0.651 122.702 0.708
202306 0.639 124.203 0.687
202309 0.658 125.230 0.702
202312 0.648 125.072 0.692
202403 0.648 126.258 0.685
202406 0.652 127.522 0.683
202409 0.634 127.285 0.665
202412 0.673 127.364 0.706
202503 0.682 129.181 0.705
202506 0.696 129.892 0.715
202509 0.789 130.287 0.809
202512 0.798 130.366 0.817
202603 0.833 132.262 0.841
202606 0.809 133.527 0.809

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Vitreous Glass (TSXV:VCI) Overvalued in 2026?

Based on GuruFocus' analysis, Vitreous Glass stock appears to be undervalued. The current stock price of C$7.00 is trading 17.2% below its estimated GF Value™ of C$8.45. GuruFocus considers Vitreous Glass to be Modestly Undervalued.

Key valuation signals for TSXV:VCI:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: C$8.45 vs. price of C$7.00 (17.2% below fair value)
  • GF Score™: 84/100 with 2 warning signs

No single metric tells the full story. See the TSXV:VCI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vitreous Glass Business Description

Other Exchanges VCIGF:USA
Address 212 East Lake Boulevard, Airdrie, AB, CAN, T4A 0H5
Vitreous Glass Inc cleans, crushes, and sells waste glass to the fiberglass manufacturing industry. The company also removes the contaminates and crushes the glass into sand and then this sand is sold to fiberglass insulation manufacturers as furnace-ready cullet for use in their production facilities. The sole source of revenue of the company is generated by providing crushed glass to its customers.
84GF Score

Get the complete analysis for TSXV:VCI

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$7.00
Price
C$8.45
GF Value