• On 27 June 2026, O-I Glass, Inc. (NYSE: OI) was removed from several Russell growth indices, including the Russell 2000, 2500, 3000, 3000E and Small Cap Comp Growth benchmarks.
• This broad index removal can reshape the shareholder base as index-tracking funds adjust positions, potentially affecting liquidity, trading patterns and how investors assess O-I Glass’s profile within the packaging sector.
• We’ll now examine how O-I Glass’s broad removal from Russell growth indices may influence its existing investment narrative and risk profile.

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O-I Glass Investment Narrative Recap

To own O-I Glass today, you need to believe the company can turn recent losses into sustainable profits while managing soft volumes, especially in Europe. The broad removal from Russell growth indices may influence short term trading and liquidity, but it does not directly change the core near term catalyst around cost execution or the key risk from ongoing volume and margin pressure.

Against this backdrop, O-I’s ongoing share repurchase program stands out. The company has bought back about 5.7 million shares for roughly US$69.9 million since mid 2024. For investors watching index related selling and potential volatility, this ongoing capital allocation choice interacts directly with the near term catalyst of earnings repair and the risk that profitability remains under strain.

Yet while index changes may look technical, they can amplify the risk that weaker earnings and persistent volume softness turn into something investors should be aware of...

O-I Glass' narrative projects $6.8 billion revenue and $565.5 million earnings by 2029.

Uncover how O-I Glass' forecasts yield a $13.11 fair value, a 38% upside to its current price.

Exploring Other Perspectives

Some of the most optimistic analysts once expected revenue of about US$6.9 billion and earnings near US$530.8 million by 2029, but after the index removals and given ongoing debt and sustainability concerns, you should recognize how far those forecasts sit from more cautious views and consider how they might evolve.

Explore 3 other fair value estimates on O-I Glass - why the stock might be worth just $13.11!

Decide For Yourself

Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts.

• A great starting point for your O-I Glass research is our analysis highlighting 4 key rewards and 1 important warning sign that could impact your investment decision.
• Our free O-I Glass research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate O-I Glass' overall financial health at a glance.

No Opportunity In O-I Glass?

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.