Browave (ROCO:3163) E10: NT$3.80 (As of Dec. 2025)


ROCO:3163 Browave Corp ROCO:3163
53 GF Score
Price NT$818.00
GF Value NT$119.10
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Browave E10?

Browave ROCO:3163 +5.55% 53 E10 is NT$3.80 as of Dec. 2025. GuruFocus rates ROCO:3163 with a GF Score™ of 53/100 and a GF Value™ of NT$119.10 (Significantly Overvalued). 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.

Browave's adjusted earnings per share data for the three months ended in Dec. 2025 was NT$2.900. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$3.80 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Browave's average E10 Growth Rate was 28.40% per year. During the past 3 years, the average E10 Growth Rate was 12.50% per year. During the past 5 years, the average E10 Growth Rate was 9.10% 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 Browave was 12.50% per year. The lowest was 3.20% per year. And the median was 7.80% per year.

As of today (2026-07-05), Browave's current stock price is NT$818.00. Browave's E10 for the quarter that ended in Dec. 2025 was NT$3.80. Browave's Shiller PE Ratio of today is 215.26.

During the past 13 years, the highest Shiller PE Ratio of Browave was 331.58. The lowest was 14.31. And the median was 32.20.


Browave  (ROCO:3163) 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.

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

Shiller PE Ratio=Share Price/E10
=818.00/3.80
=215.26

* 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 Browave was 331.58. The lowest was 14.31. And the median was 32.20.


Be Aware

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


Browave E10 Related Terms


Browave E10 Historical Data

* Premium members only.

The historical data trend for Browave'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.

Browave E10 Chart

Browave 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 2.36 2.67 2.58 2.96 3.80

Browave 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 2.96 3.06 3.07 3.41 3.80

ROCO:3163 vs CSCO, CIEN, MSI: E10 Comparison

For the Communication Equipment subindustry, Browave'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.


Browave Shiller PE Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Browave's Shiller PE Ratio distribution charts can be found below:

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


ROCO:3163
53GF Score
Browave Corp ROCO:3163
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Browave 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, Browave'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)
=2.9/324.0540*324.0540
=2.900

Current CPI (Dec. 2025) = 324.0540.

Browave Quarterly Data

per share eps CPI Adj_EPS
201603 0.520 238.132 0.708
201606 0.930 241.018 1.250
201609 1.610 241.428 2.161
201612 0.990 241.432 1.329
201703 0.510 243.801 0.678
201706 -0.370 244.955 -0.489
201709 -0.290 246.819 -0.381
201712 -0.180 246.524 -0.237
201803 -0.640 249.554 -0.831
201806 0.820 251.989 1.055
201809 0.470 252.439 0.603
201812 0.360 251.233 0.464
201903 0.600 254.202 0.765
201906 0.090 256.143 0.114
201909 0.610 256.759 0.770
201912 0.750 256.974 0.946
202003 -0.640 258.115 -0.803
202006 1.940 257.797 2.439
202009 1.420 260.280 1.768
202012 0.320 260.474 0.398
202103 -0.130 264.877 -0.159
202106 0.230 271.696 0.274
202109 0.210 274.310 0.248
202112 0.760 278.802 0.883
202203 0.580 287.504 0.654
202206 1.880 296.311 2.056
202209 2.240 296.808 2.446
202212 0.930 296.797 1.015
202303 0.760 301.836 0.816
202306 1.860 305.109 1.975
202309 2.240 307.789 2.358
202312 0.520 306.746 0.549
202403 1.670 312.332 1.733
202406 1.980 314.175 2.042
202409 0.270 315.301 0.277
202412 1.810 315.605 1.858
202503 0.610 319.799 0.618
202506 -0.070 322.561 -0.070
202509 2.780 324.800 2.774
202512 2.900 324.054 2.900

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$3.80 mean?
Browave (ROCO:3163) has a E10 of NT$3.80 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Browave and its competitors.
Is Browave's E10 too high?
Browave's current E10 is NT$3.80. Overall, Browave has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Browave's E10 compare to CSCO and CIEN?
Browave's E10 of NT$3.80 can be compared against companies in the Hardware 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 Hardware company?
A good E10 depends on the Hardware 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 Browave and its competitors. Browave's current E10 is NT$3.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Browave stock overvalued right now?
Based on GuruFocus' analysis, Browave (ROCO:3163) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$119.10, compared to a current price of NT$818.00 — trading 586.8% above its estimated fair value. The current E10 is NT$3.80. Browave's overall GF Score™ is 53/100 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 Browave (ROCO:3163), the current E10 is NT$3.80 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 Browave (ROCO:3163) Overvalued in 2026?

Based on GuruFocus' analysis, Browave stock appears to be overvalued. The current stock price of NT$818.00 is trading 586.8% above its estimated GF Value™ of NT$119.10. GuruFocus considers Browave to be Significantly Overvalued.

Key valuation signals for ROCO:3163:

  • E10: NT$3.80
  • GF Value™: NT$119.10 vs. price of NT$818.00 (586.8% above fair value)
  • GF Score™: 53/100 with 3 warning signs

No single metric tells the full story. See the ROCO:3163 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Browave Business Description

Address No.30, Industry East Road IX, 3rd Floor, Hsinchu Science Park, Hsinchu County, Hsinchu, TWN, 30075
Browave Corp is mainly engaged in the design, production, and sales of optical fiber communication components. Its products include Modules, Components, MPO/MTP Cable, and Optical parts.
53GF Score

Get the complete analysis for ROCO:3163

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

NT$818.00
Price
NT$119.10
GF Value