Haewan International Development Co (ROCO:3252) E10: NT$-0.30 (As of Dec. 2025)

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ROCO:3252 Haewan International Development Co Ltd ROCO:3252
69 GF Score
Price NT$17.35
GF Value NT$18.60
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Haewan International Development Co E10?

Haewan International Development Co ROCO:3252 -0.29% 69 E10 is NT$-0.30 as of Dec. 2025. GuruFocus rates ROCO:3252 with a GF Score™ of 69/100 and a GF Value™ of NT$18.60 (Fairly Valued). The stock has 7 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.

Haewan International Development Co's adjusted earnings per share data for the three months ended in Dec. 2025 was NT$0.230. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$-0.30 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Haewan International Development Co's average E10 Growth Rate was -132.30% 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 Haewan International Development Co was -0.70% per year. The lowest was -13.50% per year. And the median was -2.70% per year.

As of today (2026-07-16), Haewan International Development Co's current stock price is NT$17.35. Haewan International Development Co's E10 for the quarter that ended in Dec. 2025 was NT$-0.30. Haewan International Development Co's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Haewan International Development Co was 25.94. The lowest was 7.64. And the median was 18.14.


Haewan International Development Co  (ROCO:3252) 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.

During the past 13 years, the highest Shiller P/E Ratio of Haewan International Development Co was 25.94. The lowest was 7.64. And the median was 18.14.


Be Aware

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


Haewan International Development Co E10 Related Terms


Haewan International Development Co E10 Historical Data

* Premium members only.

The historical data trend for Haewan International Development Co'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.

Haewan International Development Co E10 Chart

Haewan International Development Co 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 1.01 1.01 0.96 0.93 -0.30

Haewan International Development Co 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 0.93 1.01 1.09 1.21 -0.30

ROCO:3252 vs LVS, MGM, WYNN: E10 Comparison

For the Resorts & Casinos subindustry, Haewan International Development Co'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.


Haewan International Development Co Shiller PE Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Haewan International Development Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Haewan International Development Co's Shiller PE Ratio falls into.


ROCO:3252
69GF Score
Haewan International Development Co Ltd ROCO:3252
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Haewan International Development Co 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, Haewan International Development Co'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)
=0.23/324.0540*324.0540
=0.230

Current CPI (Dec. 2025) = 324.0540.

Haewan International Development Co Quarterly Data

per share eps CPI Adj_EPS
201603 -0.212 238.132 -0.288
201606 -0.916 241.018 -1.232
201609 1.070 241.428 1.436
201612 -1.186 241.432 -1.592
201703 -0.694 243.801 -0.922
201706 0.222 244.955 0.294
201709 -0.380 246.819 -0.499
201712 -1.090 246.524 -1.433
201803 0.146 249.554 0.190
201806 -0.020 251.989 -0.026
201809 0.650 252.439 0.834
201812 2.340 251.233 3.018
201903 -0.120 254.202 -0.153
201906 -0.170 256.143 -0.215
201909 -0.380 256.759 -0.480
201912 -0.306 256.974 -0.386
202003 -0.430 258.115 -0.540
202006 -0.380 257.797 -0.478
202009 -0.390 260.280 -0.486
202012 -0.630 260.474 -0.784
202103 0.150 264.877 0.184
202106 0.060 271.696 0.072
202109 0.050 274.310 0.059
202112 0.450 278.802 0.523
202203 0.220 287.504 0.248
202206 0.140 296.311 0.153
202209 0.120 296.808 0.131
202212 -0.400 296.797 -0.437
202303 0.030 301.836 0.032
202306 0.050 305.109 0.053
202309 0.050 307.789 0.053
202312 -0.110 306.746 -0.116
202403 0.130 312.332 0.135
202406 -0.110 314.175 -0.113
202409 -0.230 315.301 -0.236
202412 -0.090 315.605 -0.092
202503 0.080 319.799 0.081
202506 -0.030 322.561 -0.030
202509 -0.150 324.800 -0.150
202512 0.230 324.054 0.230

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$-0.30 mean?
Haewan International Development Co (ROCO:3252) has a E10 of NT$-0.30 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Haewan International Development Co and its competitors.
Is Haewan International Development Co's E10 too high?
Haewan International Development Co's current E10 is NT$-0.30. Overall, Haewan International Development Co has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Haewan International Development Co's E10 compare to LVS and MGM?
Haewan International Development Co's E10 of NT$-0.30 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good E10 depends on the Travel & Leisure 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 Haewan International Development Co and its competitors. Haewan International Development Co's current E10 is NT$-0.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Haewan International Development Co stock overvalued right now?
Based on GuruFocus' analysis, Haewan International Development Co (ROCO:3252) is currently considered Fairly Valued. The stock's GF Value™ is NT$18.60, compared to a current price of NT$17.35 — trading 6.7% below its estimated fair value. The current E10 is NT$-0.30. Haewan International Development Co's overall GF Score™ is 69/100 with 7 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 Haewan International Development Co (ROCO:3252), the current E10 is NT$-0.30 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 Haewan International Development Co (ROCO:3252) Overvalued in 2026?

Based on GuruFocus' analysis, Haewan International Development Co stock appears to be undervalued. The current stock price of NT$17.35 is trading 6.7% below its estimated GF Value™ of NT$18.60. GuruFocus considers Haewan International Development Co to be Fairly Valued.

Key valuation signals for ROCO:3252:

  • E10: NT$-0.30
  • GF Value™: NT$18.60 vs. price of NT$17.35 (6.7% below fair value)
  • GF Score™: 69/100 with 7 warning signs

No single metric tells the full story. See the ROCO:3252 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Haewan International Development Co Business Description

Address No.22, Dahe Road, 3rd Floor, Minlongli, West District, Taichung, TWN, 403
Haewan International Development Co Ltd develops a residential property and operates hotels in Taiwan. The company's main business projects include (1) General hotel industry. (2) Residential and building development and leasing industry. (3) Real estate trading industry.
69GF Score

Get the complete analysis for ROCO:3252

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

NT$17.35
Price
NT$18.60
GF Value