VCIGF (Vitreous Glass) Cyclically Adjusted PB Ratio: 8.72 (As of Aug. 06, 2026) — 62% Above Median

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VCIGF Vitreous Glass Inc VCIGF
79 GF Score
Price $4.97
GF Value $6.05
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Vitreous Glass Cyclically Adjusted PB Ratio?

Vitreous Glass VCIGF 79 Cyclically Adjusted PB Ratio is 8.72 as of Aug. 06, 2026, which is 62% above its 10-year median of 5.38. GuruFocus rates VCIGF with a GF Score™ of 79/100 and a GF Value™ of $6.05 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 160 Waste Management companies, Vitreous Glass ranks worse than 96.88% on this metric.

As of today (2026-08-06), Vitreous Glass's current share price is $4.97. Vitreous Glass's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $0.57. Vitreous Glass's Cyclically Adjusted PB Ratio for today is 8.72.

The historical rank and industry rank for Vitreous Glass's Cyclically Adjusted PB Ratio or its related term are showing as below:

VCIGF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.89   Med: 5.38   Max: 9.43
Current: 8.68

During the past years, Vitreous Glass's highest Cyclically Adjusted PB Ratio was 9.43. The lowest was 2.89. And the median was 5.38.

VCIGF's Cyclically Adjusted PB Ratio is ranked worse than
96.88% of 160 companies
in the Waste Management industry
Industry Median: 1.57 vs VCIGF: 8.68

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Vitreous Glass's adjusted book value per share data for the three months ended in Mar. 2026 was $0.607. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $0.57 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vitreous Glass  (OTCPK:VCIGF) 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
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 6.53 7.57 7.76 9.36 7.87

VCIGF 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.


VCIGF
79GF Score
Vitreous Glass Inc VCIGF
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 PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.97/0.57
=8.72

* 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's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.607/132.2623*132.2623
=0.607

Current CPI (Mar. 2026) = 132.2623.

Vitreous Glass Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.604 102.002 0.783
201609 0.559 101.765 0.727
201612 0.546 101.449 0.712
201703 0.536 102.634 0.691
201706 0.508 103.029 0.652
201709 0.569 103.345 0.728
201712 0.557 103.345 0.713
201803 0.519 105.004 0.654
201806 0.504 105.557 0.632
201809 0.534 105.636 0.669
201812 0.512 105.399 0.642
201903 0.479 106.979 0.592
201906 0.434 107.690 0.533
201909 0.457 107.611 0.562
201912 0.513 107.769 0.630
202003 0.471 107.927 0.577
202006 0.512 108.401 0.625
202009 0.510 108.164 0.624
202012 0.523 108.559 0.637
202103 0.477 110.298 0.572
202106 0.526 111.720 0.623
202109 0.522 112.905 0.611
202112 0.520 113.774 0.605
202203 0.535 117.646 0.601
202206 0.537 120.806 0.588
202209 0.508 120.648 0.557
202212 0.540 120.964 0.590
202303 0.476 122.702 0.513
202306 0.481 124.203 0.512
202309 0.487 125.230 0.514
202312 0.483 125.072 0.511
202403 0.479 126.258 0.502
202406 0.475 127.522 0.493
202409 0.468 127.285 0.486
202412 0.473 127.364 0.491
202503 0.475 129.181 0.486
202506 0.509 129.892 0.518
202509 0.570 130.287 0.579
202512 0.579 130.366 0.587
202603 0.607 132.262 0.607

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.

What does a Cyclically Adjusted PB Ratio of 8.72 mean?
Vitreous Glass (VCIGF) has a Cyclically Adjusted PB Ratio of 8.72 as of Aug. 06, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Vitreous Glass and its competitors. This is 62% above median its historical median of 5.38. Over the past decade, Vitreous Glass' Cyclically Adjusted PB Ratio has ranged from 2.89 to 9.43. According to the industry distribution chart, Vitreous Glass ranks #155 out of 160 companies in the Waste Management industry, placing it in the top 96.9%.
Is Vitreous Glass' Cyclically Adjusted PB Ratio too high?
Vitreous Glass' current Cyclically Adjusted PB Ratio of 8.72 is 62% above median its 10-year median of 5.38. Over the past 10 years, this metric has ranged from a low of 2.89 to a high of 9.43. The Waste Management industry median Cyclically Adjusted PB Ratio is 1.57. Vitreous Glass' value of 8.72 is 455.4% above this industry median. Based on the distribution chart, Vitreous Glass ranks #155 out of 160 companies in the Waste Management industry, which is in the bottom quartile relative to peers. Overall, Vitreous Glass has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vitreous Glass' Cyclically Adjusted PB Ratio compare to WM and RSG?
According to the Waste Management industry distribution chart, Vitreous Glass ranks #155 out of 160 companies for Cyclically Adjusted PB Ratio. This places Vitreous Glass in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.57. Vitreous Glass' value of 8.72 is 455.4% above this benchmark. Historically, Vitreous Glass' own Cyclically Adjusted PB Ratio has ranged from 2.89 to 9.43 over the past decade. While the company's 10-year median is 5.38 vs. the industry median of 1.57, Vitreous Glass has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Waste Management company?
The median Cyclically Adjusted PB Ratio among Waste Management companies is 1.57, based on 160 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vitreous Glass's current Cyclically Adjusted PB Ratio of 8.72 is 455.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Vitreous Glass and its competitors. For the Waste Management industry, the median Cyclically Adjusted PB Ratio is 1.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vitreous Glass's current Cyclically Adjusted PB Ratio is 8.72, which is 62% above median its own 10-year median of 5.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vitreous Glass stock overvalued right now?
Based on GuruFocus' analysis, Vitreous Glass (VCIGF) is currently considered Modestly Undervalued. The stock's GF Value™ is $6.05, compared to a current price of $4.97 — trading 17.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 8.72, which is 62% above median its 10-year median of 5.38 and 455.4% above the Waste Management industry median of 1.57. Vitreous Glass' overall GF Score™ is 79/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Vitreous Glass (VCIGF), the current Cyclically Adjusted PB Ratio is 8.72 as of Aug. 06, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Vitreous Glass (VCIGF) Overvalued in 2026?

Based on GuruFocus' analysis, Vitreous Glass stock appears to be undervalued. The current stock price of $4.97 is trading 17.9% below its estimated GF Value™ of $6.05. GuruFocus considers Vitreous Glass to be Modestly Undervalued.

Key valuation signals for VCIGF:

  • Cyclically Adjusted PB Ratio: 8.72 (62% above median its 10-year median of 5.38)
  • GF Value™: $6.05 vs. price of $4.97 (17.9% below fair value)
  • GF Score™: 79/100 with 2 warning signs
  • Industry Position: 455.4% above the Waste Management median (#155 of 160)

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


Vitreous Glass Business Description

Other Exchanges VCI:Canada
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.
79GF Score

Get the complete analysis for VCIGF

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

$4.97
Price
$6.05
GF Value