Vitreous Glass (TSXV:VCI) E10: C$0.44 (As of Mar. 2026)


TSXV:VCI Vitreous Glass Inc TSXV:VCI
82 GF Score
Price C$6.30
GF Value C$8.26
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Vitreous Glass E10?

Vitreous Glass TSXV:VCI +0.80% 82 E10 is C$0.44 as of Mar. 2026. GuruFocus rates TSXV:VCI with a GF Score™ of 82/100 and a GF Value™ of C$8.26 (Modestly Undervalued). The stock has 1 warning sign investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Vitreous Glass's adjusted earnings per share data for the three months ended in Mar. 2026 was C$0.130. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$0.44 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Vitreous Glass's average E10 Growth Rate was 4.80% per year. During the past 3 years, the average E10 Growth Rate was 3.30% per year. During the past 5 years, the average E10 Growth Rate was 6.10% per year. During the past 10 years, the average E10 Growth Rate was 5.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Vitreous Glass was 19.70% per year. The lowest was 3.30% per year. And the median was 9.80% per year.

As of today (2026-06-28), Vitreous Glass's current stock price is C$6.30. Vitreous Glass's E10 for the quarter that ended in Mar. 2026 was C$0.44. Vitreous Glass's Shiller PE Ratio of today is 14.32.

During the past 13 years, the highest Shiller PE Ratio of Vitreous Glass was 17.43. The lowest was 7.74. And the median was 13.02.


Vitreous Glass  (TSXV:VCI) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Vitreous Glass's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=6.30/0.44
=14.32

* 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.

During the past 13 years, the highest Shiller P/E Ratio of Vitreous Glass was 17.43. The lowest was 7.74. And the median was 13.02.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Vitreous Glass E10 Related Terms


Vitreous Glass E10 Historical Data

* Premium members only.

The historical data trend for Vitreous Glass's E10 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 E10 Chart

Vitreous Glass Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.36 0.39 0.41 0.41 0.43

Vitreous Glass Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
E10 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 0.42 0.42 0.43 0.43 0.44

TSXV:VCI vs WM, RSG, WCN: E10 Comparison

For the Waste Management subindustry, Vitreous Glass's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs Waste Management Industry

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

* The bar in red indicates where Vitreous Glass's Shiller PE Ratio falls into.


TSXV:VCI
82GF Score
Vitreous Glass Inc TSXV:VCI
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vitreous Glass E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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.

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

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.13/132.2623*132.2623
=0.130

Current CPI (Mar. 2026) = 132.2623.

Vitreous Glass Quarterly Data

per share eps CPI Adj_EPS
201606 0.070 102.002 0.091
201609 0.070 101.765 0.091
201612 0.060 101.449 0.078
201703 0.090 102.634 0.116
201706 0.080 103.029 0.103
201709 0.070 103.345 0.090
201712 0.090 103.345 0.115
201803 0.080 105.004 0.101
201806 0.070 105.557 0.088
201809 0.100 105.636 0.125
201812 0.090 105.399 0.113
201903 0.080 106.979 0.099
201906 0.040 107.690 0.049
201909 0.080 107.611 0.098
201912 0.100 107.769 0.123
202003 0.090 107.927 0.110
202006 0.040 108.401 0.049
202009 0.140 108.164 0.171
202012 0.160 108.559 0.195
202103 0.140 110.298 0.168
202106 0.120 111.720 0.142
202109 0.110 112.905 0.129
202112 0.080 113.774 0.093
202203 0.100 117.646 0.112
202206 0.090 120.806 0.099
202209 0.060 120.648 0.066
202212 0.110 120.964 0.120
202303 0.100 122.702 0.108
202306 0.100 124.203 0.106
202309 0.080 125.230 0.084
202312 0.090 125.072 0.095
202403 0.100 126.258 0.105
202406 0.100 127.522 0.104
202409 0.080 127.285 0.083
202412 0.060 127.364 0.062
202503 0.140 129.181 0.143
202506 0.130 129.892 0.132
202509 0.170 130.287 0.173
202512 0.140 130.366 0.142
202603 0.130 132.262 0.130

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of C$0.44 mean?
Vitreous Glass (TSXV:VCI) has a E10 of C$0.44 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Vitreous Glass and its competitors.
Is Vitreous Glass' E10 too high?
Vitreous Glass' current E10 is C$0.44. Overall, Vitreous Glass has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vitreous Glass' E10 compare to WM and RSG?
Vitreous Glass' E10 of C$0.44 can be compared against companies in the Waste Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Waste Management company?
A good E10 depends on the Waste Management industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Vitreous Glass and its competitors. Vitreous Glass's current E10 is C$0.44. 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 (TSXV:VCI) is currently considered Modestly Undervalued. The stock's GF Value™ is C$8.26, compared to a current price of C$6.30 — trading 23.7% below its estimated fair value. The current E10 is C$0.44. Vitreous Glass' overall GF Score™ is 82/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Vitreous Glass (TSXV:VCI), the current E10 is C$0.44 as of Mar. 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 (TSXV:VCI) Overvalued in 2026?

Based on GuruFocus' analysis, Vitreous Glass stock appears to be undervalued. The current stock price of C$6.30 is trading 23.7% below its estimated GF Value™ of C$8.26. GuruFocus considers Vitreous Glass to be Modestly Undervalued.

Key valuation signals for TSXV:VCI:

  • E10: C$0.44
  • GF Value™: C$8.26 vs. price of C$6.30 (23.7% below fair value)
  • GF Score™: 82/100 with 1 warning sign

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.
82GF Score

Get the complete analysis for TSXV:VCI

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$6.30
Price
C$8.26
GF Value