Tehmag Foods (ROCO:1264) E10: NT$18.06 (As of Dec. 2025)

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ROCO:1264 Tehmag Foods Corp ROCO:1264
78 GF Score
Price NT$259.00
GF Value NT$356.70
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Tehmag Foods E10?

Tehmag Foods ROCO:1264 78 E10 is NT$18.06 as of Dec. 2025. GuruFocus rates ROCO:1264 with a GF Score™ of 78/100 and a GF Value™ of NT$356.70 (Modestly Undervalued). The stock has 3 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Tehmag Foods's adjusted earnings per share data for the three months ended in Dec. 2025 was NT$4.520. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$18.06 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Tehmag Foods's average E10 Growth Rate was 5.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

As of today (2026-07-16), Tehmag Foods's current stock price is NT$259.00. Tehmag Foods's E10 for the quarter that ended in Dec. 2025 was NT$18.06. Tehmag Foods's Shiller PE Ratio of today is 14.34.

During the past 13 years, the highest Shiller PE Ratio of Tehmag Foods was 19.74. The lowest was 14.78. And the median was 18.42.


Tehmag Foods  (ROCO:1264) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Tehmag Foods's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=259.00/18.06
=14.34

* 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.

During the past 13 years, the highest Shiller P/E Ratio of Tehmag Foods was 19.74. The lowest was 14.78. And the median was 18.42.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Tehmag Foods E10 Related Terms


Tehmag Foods E10 Historical Data

* Premium members only.

The historical data trend for Tehmag Foods's E10 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.

Tehmag Foods E10 Chart

Tehmag Foods Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 15.79 17.05 18.06

Tehmag Foods Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
E10 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 17.05 17.40 17.72 18.05 18.06

ROCO:1264 vs KHC, GIS: E10 Comparison

For the Packaged Foods subindustry, Tehmag Foods's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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.


Tehmag Foods Shiller PE Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tehmag Foods's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Tehmag Foods's Shiller PE Ratio falls into.


ROCO:1264
78GF Score
Tehmag Foods Corp ROCO:1264
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tehmag Foods E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Tehmag Foods's adjusted earnings per share data for the three months ended in Dec. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=4.52/324.0540*324.0540
=4.520

Current CPI (Dec. 2025) = 324.0540.

Tehmag Foods Quarterly Data

per share eps CPI Adj_EPS
201603 2.793 238.132 3.801
201606 2.587 241.018 3.478
201609 2.927 241.428 3.929
201612 3.409 241.432 4.576
201703 3.000 243.801 3.988
201706 2.982 244.955 3.945
201709 3.109 246.819 4.082
201712 3.064 246.524 4.028
201803 2.591 249.554 3.364
201806 3.155 251.989 4.057
201809 3.336 252.439 4.282
201812 2.964 251.233 3.823
201903 2.900 254.202 3.697
201906 3.336 256.143 4.220
201909 3.145 256.759 3.969
201912 3.345 256.974 4.218
202003 2.955 258.115 3.710
202006 3.227 257.797 4.056
202009 4.380 260.280 5.453
202012 3.950 260.474 4.914
202103 4.070 264.877 4.979
202106 3.310 271.696 3.948
202109 3.920 274.310 4.631
202112 4.860 278.802 5.649
202203 4.420 287.504 4.982
202206 4.070 296.311 4.451
202209 4.290 296.808 4.684
202212 4.280 296.797 4.673
202303 4.440 301.836 4.767
202306 4.560 305.109 4.843
202309 4.790 307.789 5.043
202312 4.410 306.746 4.659
202403 5.070 312.332 5.260
202406 4.940 314.175 5.095
202409 5.640 315.301 5.797
202412 4.870 315.605 5.000
202503 5.190 319.799 5.259
202506 5.080 322.561 5.104
202509 5.650 324.800 5.637
202512 4.520 324.054 4.520

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of NT$18.06 mean?
Tehmag Foods (ROCO:1264) has a E10 of NT$18.06 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Tehmag Foods and its competitors.
Is Tehmag Foods' E10 too high?
Tehmag Foods' current E10 is NT$18.06. Overall, Tehmag Foods has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tehmag Foods' E10 compare to KHC and GIS?
Tehmag Foods' E10 of NT$18.06 can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Consumer Packaged Goods company?
A good E10 depends on the Consumer Packaged Goods industry context. However, E10 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 E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Tehmag Foods and its competitors. Tehmag Foods's current E10 is NT$18.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tehmag Foods stock overvalued right now?
Based on GuruFocus' analysis, Tehmag Foods (ROCO:1264) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$356.70, compared to a current price of NT$259.00 — trading 27.4% below its estimated fair value. The current E10 is NT$18.06. Tehmag Foods' overall GF Score™ is 78/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Tehmag Foods (ROCO:1264), the current E10 is NT$18.06 as of Dec. 2025. 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 Tehmag Foods (ROCO:1264) Overvalued in 2026?

Based on GuruFocus' analysis, Tehmag Foods stock appears to be undervalued. The current stock price of NT$259.00 is trading 27.4% below its estimated GF Value™ of NT$356.70. GuruFocus considers Tehmag Foods to be Modestly Undervalued.

Key valuation signals for ROCO:1264:

  • E10: NT$18.06
  • GF Value™: NT$356.70 vs. price of NT$259.00 (27.4% below fair value)
  • GF Score™: 78/100 with 3 warning signs

No single metric tells the full story. See the ROCO:1264 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tehmag Foods Business Description

Address No.31, Wuquan 5th Road, Wugu District, New Taipei, TWN
Tehmag Foods Corp is engaged in Baking, cooking and steaming food manufacturing industry; Flour milling industry; Food additive manufacturing industry; Noodle and vermicelli food manufacturing industry and Food and beverage retail industry. Its marketing channels include bakery shops, hotels, restaurants. The company offers baked goods, dairy products, all kinds of packaging materials and instruments of baking mixes.
78GF Score

Get the complete analysis for ROCO:1264

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$259.00
Price
NT$356.70
GF Value