VCIGF (Vitreous Glass) Net Cash per Share: $0.18 (As of Mar. 2026) — 100% Below Median

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.
Reviewed by: Charlie Tian Charlie Tian
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.

VCIGF Vitreous Glass Inc VCIGF
79 GF Score
Price $4.97
GF Value $6.05
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Vitreous Glass Net Cash per Share?

Vitreous Glass VCIGF 79 Net Cash per Share is $0.18 as of Mar. 2026, which is 100% below its 10-year median of 43.58. 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 29 Waste Management companies, Vitreous Glass ranks worse than 82.76% on this metric.

Net Cash per Share is calculated as Cash, Cash Equivalents, Marketable Securities minus Total Liabilities minus Minority Interest and then divided by Shares Outstanding (EOP). Vitreous Glass's Net Cash per Share for the quarter that ended in Mar. 2026 was $0.18.

The historical rank and industry rank for Vitreous Glass's Net Cash per Share or its related term are showing as below:

VCIGF' s Price-to-Net-Cash Range Over the Past 10 Years
Min: 19.25   Med: 43.58   Max: 385
Current: 31.06

During the past 13 years, the highest Price-to-Net-Cash Ratio of Vitreous Glass was 385.00. The lowest was 19.25. And the median was 43.58.

VCIGF's Price-to-Net-Cash is ranked worse than
82.76% of 29 companies
in the Waste Management industry
Industry Median: 8.33 vs VCIGF: 31.06

Vitreous Glass  (OTCPK:VCIGF) Net Cash per Share Explanation

Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.


Vitreous Glass Net Cash per Share Related Terms


Vitreous Glass Net Cash per Share Historical Data

* Premium members only.

The historical data trend for Vitreous Glass's Net Cash per Share 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 Net Cash per Share Chart

Vitreous Glass Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Net Cash per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.18 0.06 0.12 0.09 0.14

Vitreous Glass Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Net Cash per Share 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 0.11 0.12 0.14 0.15 0.18

VCIGF vs WM, RSG, WCN: Net Cash per Share Comparison

For the Waste Management subindustry, Vitreous Glass's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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 Price-to-Net-Cash vs Waste Management Industry

For the Waste Management industry and Industrials sector, Vitreous Glass's Price-to-Net-Cash distribution charts can be found below:

* The bar in red indicates where Vitreous Glass's Price-to-Net-Cash falls into.


VCIGF
79GF Score
Vitreous Glass Inc VCIGF
Net Cash per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vitreous Glass Net Cash per Share Calculation

In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.

Vitreous Glass's Net Cash per Share for the fiscal year that ended in Sep. 2025 is calculated as

Net Cash per Share (A: Sep. 2025 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(2.088-1.204-0)/6.336
=0.14

Vitreous Glass's Net Cash per Share for the quarter that ended in Mar. 2026 is calculated as

Net Cash per Share (Q: Mar. 2026 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(2.213-1.096-0)/6.356
=0.18

* 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.

Frequently Asked Questions Learn more about Net Cash per Share →
What does a Net Cash per Share of $0.18 mean?
Vitreous Glass (VCIGF) has a Net Cash per Share of $0.18 as of Mar. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Vitreous Glass and its competitors. This is 100% below median its historical median of 43.58. Over the past decade, Vitreous Glass' Net Cash per Share has ranged from 19.25 to 385.00. According to the industry distribution chart, Vitreous Glass ranks #24 out of 29 companies in the Waste Management industry, placing it in the top 82.8%.
Is Vitreous Glass' Net Cash per Share too high?
Vitreous Glass' current Net Cash per Share of $0.18 is 100% below median its 10-year median of 43.58. Over the past 10 years, this metric has ranged from a low of 19.25 to a high of 385.00. The Waste Management industry median Net Cash per Share is 8.33. Vitreous Glass' value of $0.18 is 97.8% below this industry median. Based on the distribution chart, Vitreous Glass ranks #24 out of 29 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' Net Cash per Share compare to WM and RSG?
According to the Waste Management industry distribution chart, Vitreous Glass ranks #24 out of 29 companies for Net Cash per Share. This places Vitreous Glass in the lower half of its industry. The industry median Net Cash per Share is 8.33. Vitreous Glass' value of $0.18 is 97.8% below this benchmark. Historically, Vitreous Glass' own Net Cash per Share has ranged from 19.25 to 385.00 over the past decade. While the company's 10-year median is 43.58 vs. the industry median of 8.33, Vitreous Glass has consistently been below 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 Net Cash per Share for a Waste Management company?
The median Net Cash per Share among Waste Management companies is 8.33, based on 29 companies in the industry. Companies in the top quartile (top 25%) have a Net Cash per Share significantly above this median, while those in the bottom quartile fall well below. However, Net Cash per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vitreous Glass's current Net Cash per Share of $0.18 is 97.8% below 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 Net Cash per Share mean?
A high Net Cash per Share can signal that a stock is expensive relative to its fundamentals. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Vitreous Glass and its competitors. For the Waste Management industry, the median Net Cash per Share is 8.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vitreous Glass's current Net Cash per Share is $0.18, which is 100% below median its own 10-year median of 43.58. 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 Net Cash per Share is $0.18, which is 100% below median its 10-year median of 43.58 and 97.8% below the Waste Management industry median of 8.33. 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 Net Cash per Share calculated?
Net Cash per Share is calculated from a company's financial statements. For Vitreous Glass (VCIGF), the current Net Cash per Share is $0.18 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 (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:

  • Net Cash per Share: $0.18 (100% below median its 10-year median of 43.58)
  • GF Value™: $6.05 vs. price of $4.97 (17.9% below fair value)
  • GF Score™: 79/100 with 2 warning signs
  • Industry Position: 97.8% below the Waste Management median (#24 of 29)

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

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

$4.97
Price
$6.05
GF Value