O-I Glass (OI) was recently removed from several Russell growth indices, including the Russell 3000E, 2000, 3000, Small Cap Comp, and 2500 Growth Benchmarks. This change can affect index-linked fund flows.

At a share price of $9.87, O-I Glass has seen a 24.78% 30 day share price return, yet its year to date share price is down 34.89% and the 1 year total shareholder return is down 37.53%. This indicates that momentum has recently improved after a period of weaker long term performance that coincides with its removal from several Russell growth indices.

If index changes have you rethinking your watchlist, this can be a good moment to broaden your search and check out 19 top founder-led companies

O-I Glass still supplies essential packaging worldwide, yet the stock has been under pressure and recently dropped from key growth indices. After the latest rebound, is the business quality now available at a reasonable price?

Most Popular Narrative: 24.7% Undervalued

The most followed narrative puts O-I Glass at a fair value of $13.11, compared with the recent $9.87 share price. This frames the index exit against a sizeable modeled upside.

The ongoing shift by global brands and governments toward more sustainable, recyclable packaging is increasing demand for glass containers, allowing O-I to benefit from resilient end-market demand and potentially support revenue and pricing over the long term.

Want to see what sits behind that sustainability angle and the fair value gap? The narrative leans on higher margins, steadier revenue, and a reset earnings profile. The full breakdown joins those moving parts into one clear set of assumptions.

Result: Fair Value of $13.11 (UNDERVALUED)

However, O-I Glass still faces pressure from weaker European demand and higher energy costs, and reduced MAGMA investment could limit future flexibility if packaging preferences continue to shift.

Next Steps

If the mixed sentiment around O-I Glass has you weighing both risks and rewards, this is the moment to review the underlying data yourself and decide where you stand. Then go deeper into the full balance of 4 key rewards and 1 important warning sign

Looking for more investment ideas beyond O-I Glass?

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• Spot possible mispriced opportunities early by filtering for quality stocks trading below their estimated worth through the screener containing 18 high quality undiscovered gems.
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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.