Munsin Garment (ROCO:2916) E10: NT$2.79 (As of Dec. 2025)

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ROCO:2916 Munsin Garment Corp ROCO:2916
80 GF Score
Price NT$39.55
GF Value NT$46.88
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Munsin Garment E10?

Munsin Garment ROCO:2916 -1.37% 80 E10 is NT$2.79 as of Dec. 2025. GuruFocus rates ROCO:2916 with a GF Score™ of 80/100 and a GF Value™ of NT$46.88 (Modestly Undervalued). The stock has 4 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.

Munsin Garment's adjusted earnings per share data for the three months ended in Dec. 2025 was NT$1.530. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$2.79 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Munsin Garment's average E10 Growth Rate was 10.70% per year. During the past 3 years, the average E10 Growth Rate was 16.20% per year. During the past 5 years, the average E10 Growth Rate was 17.20% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Munsin Garment was 20.50% per year. The lowest was 7.60% per year. And the median was 17.00% per year.

As of today (2026-07-17), Munsin Garment's current stock price is NT$39.55. Munsin Garment's E10 for the quarter that ended in Dec. 2025 was NT$2.79. Munsin Garment's Shiller PE Ratio of today is 14.18.

During the past 13 years, the highest Shiller PE Ratio of Munsin Garment was 27.88. The lowest was 10.14. And the median was 16.14.


Munsin Garment  (ROCO:2916) 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.

Munsin Garment's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=39.55/2.79
=14.18

* 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 Munsin Garment was 27.88. The lowest was 10.14. And the median was 16.14.


Be Aware

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


Munsin Garment E10 Related Terms


Munsin Garment E10 Historical Data

* Premium members only.

The historical data trend for Munsin Garment'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.

Munsin Garment E10 Chart

Munsin Garment 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 1.44 1.78 2.19 2.52 2.79

Munsin Garment 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 2.52 2.62 2.70 2.77 2.79

ROCO:2916 vs RL, LEVI, VFC: E10 Comparison

For the Apparel Manufacturing subindustry, Munsin Garment'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.


Munsin Garment Shiller PE Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Munsin Garment's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Munsin Garment's Shiller PE Ratio falls into.


ROCO:2916
80GF Score
Munsin Garment Corp ROCO:2916
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Munsin Garment 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, Munsin Garment'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)
=1.53/324.0540*324.0540
=1.530

Current CPI (Dec. 2025) = 324.0540.

Munsin Garment Quarterly Data

per share eps CPI Adj_EPS
201603 0.324 238.132 0.441
201606 0.057 241.018 0.077
201609 -0.124 241.428 -0.166
201612 0.754 241.432 1.012
201703 0.248 243.801 0.330
201706 0.134 244.955 0.177
201709 -0.019 246.819 -0.025
201712 0.897 246.524 1.179
201803 0.458 249.554 0.595
201806 0.229 251.989 0.294
201809 -0.095 252.439 -0.122
201812 0.859 251.233 1.108
201903 0.496 254.202 0.632
201906 0.248 256.143 0.314
201909 -0.210 256.759 -0.265
201912 0.792 256.974 0.999
202003 -0.076 258.115 -0.095
202006 0.238 257.797 0.299
202009 0.095 260.280 0.118
202012 1.278 260.474 1.590
202103 0.668 264.877 0.817
202106 -0.181 271.696 -0.216
202109 0.153 274.310 0.181
202112 1.755 278.802 2.040
202203 0.639 287.504 0.720
202206 0.219 296.311 0.240
202209 0.649 296.808 0.709
202212 1.622 296.797 1.771
202303 1.154 301.836 1.239
202306 1.130 305.109 1.200
202309 0.350 307.789 0.368
202312 1.910 306.746 2.018
202403 1.370 312.332 1.421
202406 0.720 314.175 0.743
202409 0.420 315.301 0.432
202412 1.740 315.605 1.787
202503 1.200 319.799 1.216
202506 0.930 322.561 0.934
202509 0.290 324.800 0.289
202512 1.530 324.054 1.530

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$2.79 mean?
Munsin Garment (ROCO:2916) has a E10 of NT$2.79 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Munsin Garment and its competitors.
Is Munsin Garment's E10 too high?
Munsin Garment's current E10 is NT$2.79. Overall, Munsin Garment has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Munsin Garment's E10 compare to RL and LEVI?
Munsin Garment's E10 of NT$2.79 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good E10 depends on the Manufacturing - Apparel & Accessories 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 Munsin Garment and its competitors. Munsin Garment's current E10 is NT$2.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Munsin Garment stock overvalued right now?
Based on GuruFocus' analysis, Munsin Garment (ROCO:2916) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$46.88, compared to a current price of NT$39.55 — trading 15.6% below its estimated fair value. The current E10 is NT$2.79. Munsin Garment's overall GF Score™ is 80/100 with 4 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 Munsin Garment (ROCO:2916), the current E10 is NT$2.79 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 Munsin Garment (ROCO:2916) Overvalued in 2026?

Based on GuruFocus' analysis, Munsin Garment stock appears to be undervalued. The current stock price of NT$39.55 is trading 15.6% below its estimated GF Value™ of NT$46.88. GuruFocus considers Munsin Garment to be Modestly Undervalued.

Key valuation signals for ROCO:2916:

  • E10: NT$2.79
  • GF Value™: NT$46.88 vs. price of NT$39.55 (15.6% below fair value)
  • GF Score™: 80/100 with 4 warning signs

No single metric tells the full story. See the ROCO:2916 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Munsin Garment Business Description

Address Wuquan 6th Road, No. 18, Wugu District, New Taipei City, TWN
Munsin Garment Corp is mainly engaged in the manufacturing and sale of various garments and knitwear; acting as a product distribution, bidding, and quoting agent for domestic and international brands; and the import and export trade operations related to these business activities. The company deals in men's and women's apparel products of various international brands, such as Munsingwear, Le Coq Sportif, Pou Dou Dou, Eminento, Nara CamiCie, Hazzy, and others. Geographically, all of its revenue is derived from Taiwan.
80GF Score

Get the complete analysis for ROCO:2916

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

NT$39.55
Price
NT$46.88
GF Value