Vitreous GlassTSXV:VCI +1.60%77 Return-on-Tangible-Equity is 65.49% as of Mar. 2026, which is 20% above its 10-year median of 54.59. GuruFocus rates TSXV:VCI with a GF Score™ of 77/100 and a GF Value™ of C$8.31 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 226 Waste Management companies, Vitreous Glass ranks better than 85.4% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Vitreous Glass's annualized net income for the quarter that ended in Mar. 2026 was C$3.40 Mil. Vitreous Glass's average shareholder tangible equity for the quarter that ended in Mar. 2026 was C$5.19 Mil. Therefore, Vitreous Glass's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 65.49%.
The historical rank and industry rank for Vitreous Glass's Return-on-Tangible-Equity or its related term are showing as below:
TSXV:VCI'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 42.63 Med: 54.59 Max: 80.33
Current: 74.88
During the past 13 years, Vitreous Glass's highest Return-on-Tangible-Equity was 80.33%. The lowest was 42.63%. And the median was 54.59%.
TSXV:VCI's Return-on-Tangible-Equity is ranked better than 85.4% of 226
companies
in the Waste Management industry
Industry Median: 9.24
vs TSXV:VCI: 74.88
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Vitreous Glass Return-on-Tangible-Equity Related Terms
Vitreous Glass Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Vitreous Glass's Return-on-Tangible-Equity 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: Return-on-Tangible-Equity Comparison
For the Waste Management subindustry, Vitreous Glass's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs Waste Management Industry
For the Waste Management industry and Industrials sector, Vitreous Glass's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Vitreous Glass's Return-on-Tangible-Equity 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 65.49% mean?
Vitreous Glass (TSXV:VCI) has a Return-on-Tangible-Equity of 65.49% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Vitreous Glass and its competitors. This is 20% above median its historical median of 54.59. Over the past decade, Vitreous Glass' Return-on-Tangible-Equity has ranged from 42.63 to 80.33. According to the industry distribution chart, Vitreous Glass ranks #33 out of 226 companies in the Waste Management industry, placing it in the top 14.6%.
Is Vitreous Glass' Return-on-Tangible-Equity too high?
Vitreous Glass' current Return-on-Tangible-Equity of 65.49% is 20% above median its 10-year median of 54.59. Over the past 10 years, this metric has ranged from a low of 42.63 to a high of 80.33. The Waste Management industry median Return-on-Tangible-Equity is 9.24. Vitreous Glass' value of 65.49% is 608.8% above this industry median. Based on the distribution chart, Vitreous Glass ranks #33 out of 226 companies in the Waste Management industry, which is in the top quartile — a strong position relative to peers. Overall, Vitreous Glass has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vitreous Glass' Return-on-Tangible-Equity compare to WM and RSG?
According to the Waste Management industry distribution chart, Vitreous Glass ranks #33 out of 226 companies for Return-on-Tangible-Equity. This places Vitreous Glass in the top 15% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 9.24. Vitreous Glass' value of 65.49% is 608.8% above this benchmark. Historically, Vitreous Glass' own Return-on-Tangible-Equity has ranged from 42.63 to 80.33 over the past decade. While the company's 10-year median is 54.59 vs. the industry median of 9.24, 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 Return-on-Tangible-Equity for a Waste Management company?
The median Return-on-Tangible-Equity among Waste Management companies is 9.24, based on 226 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vitreous Glass's current Return-on-Tangible-Equity of 65.49% is 608.8% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Vitreous Glass and its competitors. For the Waste Management industry, the median Return-on-Tangible-Equity is 9.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vitreous Glass's current Return-on-Tangible-Equity is 65.49%, which is 20% above median its own 10-year median of 54.59. 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$8.31, compared to a current price of C$6.35 — trading 23.6% below its estimated fair value. The current Return-on-Tangible-Equity is 65.49%, which is 20% above median its 10-year median of 54.59 and 608.8% above the Waste Management industry median of 9.24. Vitreous Glass' overall GF Score™ is 77/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Vitreous Glass (TSXV:VCI), the current Return-on-Tangible-Equity is 65.49% 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 23.6% below its estimated GF Value™ of C$8.31.
GuruFocus considers Vitreous Glass to be Modestly Undervalued.
Key valuation signals for TSXV:VCI:
Return-on-Tangible-Equity: 65.49% (20% above median its 10-year median of 54.59)
GF Value™: C$8.31 vs. price of C$6.35 (23.6% below fair value)
Industry Position: 608.8% above the Waste Management median (#33 of 226)
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.
77GF Score
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