VCIGF (Vitreous Glass) Scaled Net Operating Assets: 0.36 (As of Mar. 2026)


VCIGF Vitreous Glass Inc VCIGF
79 GF Score
Price $4.61
GF Value $5.96
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Vitreous Glass Scaled Net Operating Assets?

Vitreous Glass VCIGF 79 Scaled Net Operating Assets is 0.36 as of Mar. 2026. GuruFocus rates VCIGF with a GF Score™ of 79/100 and a GF Value™ of $5.96 (Modestly Undervalued). The stock has 1 warning sign investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Vitreous Glass's operating assets for the quarter that ended in Mar. 2026 was $2.74 Mil. Vitreous Glass's operating liabilities for the quarter that ended in Mar. 2026 was $1.10 Mil. Vitreous Glass's Total Assets for the quarter that ended in Dec. 2025 was $4.63 Mil. Therefore, Vitreous Glass's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.36.


Vitreous Glass Scaled Net Operating Assets Historical Data

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The historical data trend for Vitreous Glass's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

Vitreous Glass Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.35 0.48 0.35 0.41 0.40

Vitreous Glass Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets 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 0.30 0.34 0.36 0.37 0.36

VCIGF vs WM, RSG, WCN: Scaled Net Operating Assets Comparison

For the Waste Management subindustry, Vitreous Glass's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Waste Management Industry

For the Waste Management industry and Industrials sector, Vitreous Glass's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Vitreous Glass's Scaled Net Operating Assets falls into.


VCIGF
79GF Score
Vitreous Glass Inc VCIGF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Vitreous Glass Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Vitreous Glass's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Sep. 2025 )
=(Operating Assets (A: Sep. 2025 )-Operating Liabilities (A: Sep. 2025 ))/Total Assets (A: Sep. 2024 )
=(2.73-1.204)/3.782
=0.40

where

Operating Assets(A: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4.818 - 2.088
=2.73

Operating Liabilities(A: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1.204 - 0 - 0
=1.204

Vitreous Glass's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(2.743-1.096)/4.628
=0.36

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=4.956 - 2.213
=2.743

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1.096 - 0 - 0
=1.096

* 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 Scaled Net Operating Assets of 0.36 mean?
Vitreous Glass (VCIGF) has a Scaled Net Operating Assets of 0.36 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Vitreous Glass and its competitors.
Is Vitreous Glass' Scaled Net Operating Assets too high?
Vitreous Glass' current Scaled Net Operating Assets is 0.36. 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' Scaled Net Operating Assets compare to WM and RSG?
Vitreous Glass' Scaled Net Operating Assets of 0.36 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 Scaled Net Operating Assets for a Waste Management company?
A good Scaled Net Operating Assets depends on the Waste Management industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Vitreous Glass and its competitors. Vitreous Glass's current Scaled Net Operating Assets is 0.36. 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 $5.96, compared to a current price of $4.61 — trading 22.6% below its estimated fair value. The current Scaled Net Operating Assets is 0.36. Vitreous Glass' overall GF Score™ is 79/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Vitreous Glass (VCIGF), the current Scaled Net Operating Assets is 0.36 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 $4.61 is trading 22.6% below its estimated GF Value™ of $5.96. GuruFocus considers Vitreous Glass to be Modestly Undervalued.

Key valuation signals for VCIGF:

  • Scaled Net Operating Assets: 0.36
  • GF Value™: $5.96 vs. price of $4.61 (22.6% below fair value)
  • GF Score™: 79/100 with 1 warning sign

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

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

$4.61
Price
$5.96
GF Value