Vitreous GlassVCIGF 79 Altman Z-Score is 20.82 as of Jun. 24, 2026, which is 16% above its 10-year median of 17.98. 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. Among 239 Waste Management companies, Vitreous Glass ranks better than 96.65% on this metric.
The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.
Good Sign:
Altman Z-score of 21.32 is strong.
Vitreous Glass has a Altman Z-Score of 20.82, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.
The zones of discrimination were as such:
When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.
The historical rank and industry rank for Vitreous Glass's Altman Z-Score or its related term are showing as below:
VCIGF'
s Altman Z-Score Range Over the Past 10 Years
Min: 12.33 Med: 17.98 Max: 28.47
Current: 21.32
During the past 13 years, Vitreous Glass's highest Altman Z-Score was 28.47. The lowest was 12.33. And the median was 17.98.
X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.
X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.
X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.
X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.
X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.
Altman Z-Score does not apply to financial companies.
Vitreous Glass Altman Z-Score Related Terms
Vitreous Glass Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Vitreous Glass's Altman Z-Score 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.
For the Waste Management subindustry, Vitreous Glass's Altman Z-Score, along with its competitors' market caps and Altman Z-Score 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 Altman Z-Score vs Waste Management Industry
For the Waste Management industry and Industrials sector, Vitreous Glass's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Vitreous Glass's Altman Z-Score falls into.
Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
Vitreous Glass's Altman Z-Score for today is calculated with this formula:
Z
=
1.2
*
X1
+
1.4
*
X2
+
3.3
*
X3
+
0.6
*
X4
+
1.0
*
X5
=
1.2
*
0.4768
+
1.4
*
0.3224
+
3.3
*
0.6755
+
0.6
*
25.5976
+
1.0
*
2.205
=
20.82
* 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. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.
Vitreous Glass (VCIGF) has a Altman Z-Score of 20.82 as of Jun. 24, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Vitreous Glass and its competitors. This is 16% above median its historical median of 17.98. Over the past decade, Vitreous Glass' Altman Z-Score has ranged from 12.33 to 28.47. According to the industry distribution chart, Vitreous Glass ranks #8 out of 239 companies in the Waste Management industry, placing it in the top 3.3%.
Is Vitreous Glass' Altman Z-Score too high?
Vitreous Glass' current Altman Z-Score of 20.82 is 16% above median its 10-year median of 17.98. Over the past 10 years, this metric has ranged from a low of 12.33 to a high of 28.47. The Waste Management industry median Altman Z-Score is 1.94. Vitreous Glass' value of 20.82 is 973.2% above this industry median. Based on the distribution chart, Vitreous Glass ranks #8 out of 239 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 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vitreous Glass' Altman Z-Score compare to WM and RSG?
According to the Waste Management industry distribution chart, Vitreous Glass ranks #8 out of 239 companies for Altman Z-Score. This places Vitreous Glass in the top 3% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.94. Vitreous Glass' value of 20.82 is 973.2% above this benchmark. Historically, Vitreous Glass' own Altman Z-Score has ranged from 12.33 to 28.47 over the past decade. While the company's 10-year median is 17.98 vs. the industry median of 1.94, 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 Altman Z-Score for a Waste Management company?
The median Altman Z-Score among Waste Management companies is 1.94, based on 239 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vitreous Glass's current Altman Z-Score of 20.82 is 973.2% 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 Altman Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on Vitreous Glass and its competitors. For the Waste Management industry, the median Altman Z-Score is 1.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vitreous Glass's current Altman Z-Score is 20.82, which is 16% above median its own 10-year median of 17.98. 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 Altman Z-Score is 20.82, which is 16% above median its 10-year median of 17.98 and 973.2% above the Waste Management industry median of 1.94. 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 Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Vitreous Glass (VCIGF), the current Altman Z-Score is 20.82 as of Jun. 24, 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:
Altman Z-Score: 20.82 (16% above median its 10-year median of 17.98)
GF Value™: $5.96 vs. price of $4.61 (22.6% below fair value)
Industry Position: 973.2% above the Waste Management median (#8 of 239)
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 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
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