Vitreous GlassTSXV:VCI +1.60%76 Net Current Asset Value is C$0.45 as of Mar. 2026, which is 100% below its 10-year median of 12.70. GuruFocus rates TSXV:VCI with a GF Score™ of 76/100 and a GF Value™ of C$8.32 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 96 Waste Management companies, Vitreous Glass ranks worse than 87.5% on this metric.
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
Vitreous Glass's net current asset value per share for the quarter that ended in Mar. 2026 was C$0.45.
The historical rank and industry rank for Vitreous Glass's Net Current Asset Value or its related term are showing as below:
TSXV:VCI'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 6.89 Med: 12.7 Max: 19.35
Current: 14.11
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Vitreous Glass was 19.35. The lowest was 6.89. And the median was 12.70.
TSXV:VCI's Price-to-Net-Current-Asset-Value is ranked worse than 87.5% of 96
companies
in the Waste Management industry
Industry Median: 4.635
vs TSXV:VCI: 14.11
Vitreous Glass (TSXV:VCI) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
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 Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
Vitreous Glass Net Current Asset Value Related Terms
Vitreous Glass Net Current Asset Value Historical Data
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The historical data trend for Vitreous Glass's Net Current Asset Value 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.
TSXV:VCI vs WM, RSG, WCN: Net Current Asset Value Comparison
For the Waste Management subindustry, Vitreous Glass's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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-Current-Asset-Value vs Waste Management Industry
For the Waste Management industry and Industrials sector, Vitreous Glass's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Vitreous Glass's Price-to-Net-Current-Asset-Value falls into.
* 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.
What does a Net Current Asset Value of C$0.45 mean?
Vitreous Glass (TSXV:VCI) has a Net Current Asset Value of C$0.45 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Vitreous Glass and its competitors. This is 96% below median its historical median of 12.70. Over the past decade, Vitreous Glass' Net Current Asset Value has ranged from 6.89 to 19.35. According to the industry distribution chart, Vitreous Glass ranks #84 out of 96 companies in the Waste Management industry, placing it in the top 87.5%.
Is Vitreous Glass' Net Current Asset Value too high?
Vitreous Glass' current Net Current Asset Value of C$0.45 is 96% below median its 10-year median of 12.70. Over the past 10 years, this metric has ranged from a low of 6.89 to a high of 19.35. Based on the distribution chart, Vitreous Glass ranks #84 out of 96 companies in the Waste Management industry, which is in the bottom quartile relative to peers. Overall, Vitreous Glass has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vitreous Glass' Net Current Asset Value compare to WM and RSG?
According to the Waste Management industry distribution chart, Vitreous Glass ranks #84 out of 96 companies for Net Current Asset Value. This places Vitreous Glass in the lower half of its industry. The industry median Net Current Asset Value is 4.64. Historically, Vitreous Glass' own Net Current Asset Value has ranged from 6.89 to 19.35 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Current Asset Value for a Waste Management company?
The median Net Current Asset Value among Waste Management companies is 4.64, based on 96 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset Value 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 Net Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Vitreous Glass and its competitors. For the Waste Management industry, the median Net Current Asset Value is 4.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vitreous Glass's current Net Current Asset Value is C$0.45, which is 96% below median its own 10-year median of 12.70. 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$8.32, compared to a current price of C$6.35 — trading 23.7% below its estimated fair value. The current Net Current Asset Value is C$0.45, which is 96% below median its 10-year median of 12.70. Vitreous Glass' overall GF Score™ is 76/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For Vitreous Glass (TSXV:VCI), the current Net Current Asset Value is C$0.45 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$6.35 is trading 23.7% below its estimated GF Value™ of C$8.32.
GuruFocus considers Vitreous Glass to be Modestly Undervalued.
Key valuation signals for TSXV:VCI:
Net Current Asset Value: C$0.45 (96% below median its 10-year median of 12.70)
GF Value™: C$8.32 vs. price of C$6.35 (23.7% below fair value)
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 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.
76GF Score
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