Higher Way Electronic Co (ROCO:3268) E10: NT$-0.24 (As of Dec. 2025)

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ROCO:3268 Higher Way Electronic Co Ltd ROCO:3268
56 GF Score
Price NT$19.30
GF Value NT$20.73
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Higher Way Electronic Co E10?

Higher Way Electronic Co ROCO:3268 -3.26% 56 E10 is NT$-0.24 as of Dec. 2025. GuruFocus rates ROCO:3268 with a GF Score™ of 56/100 and a GF Value™ of NT$20.73 (Fairly Valued). The stock has 5 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.

Higher Way Electronic Co's adjusted earnings per share data for the three months ended in Dec. 2025 was NT$0.060. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$-0.24 for the trailing ten years ended in Dec. 2025.

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 Higher Way Electronic Co was 48.00% per year. The lowest was 40.20% per year. And the median was 44.10% per year.

As of today (2026-07-18), Higher Way Electronic Co's current stock price is NT$19.30. Higher Way Electronic Co's E10 for the quarter that ended in Dec. 2025 was NT$-0.24. Higher Way Electronic Co's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Higher Way Electronic Co was 100.00. The lowest was 19.90. And the median was 35.08.


Higher Way Electronic Co  (ROCO:3268) 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 Higher Way Electronic Co was 100.00. The lowest was 19.90. And the median was 35.08.


Be Aware

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


Higher Way Electronic Co E10 Related Terms


Higher Way Electronic Co E10 Historical Data

* Premium members only.

The historical data trend for Higher Way Electronic 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.

Higher Way Electronic Co E10 Chart

Higher Way Electronic 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 0.52 0.94 1.02 -0.18 -0.24

Higher Way Electronic 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 -0.18 -0.15 -0.21 -0.28 -0.24

ROCO:3268 vs NVDA, AVGO, MU: E10 Comparison

For the Semiconductors subindustry, Higher Way Electronic 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.


Higher Way Electronic Co Shiller PE Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Higher Way Electronic Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Higher Way Electronic Co's Shiller PE Ratio falls into.


ROCO:3268
56GF Score
Higher Way Electronic Co Ltd ROCO:3268
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Higher Way Electronic 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, Higher Way Electronic 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)
=0.06/324.0540*324.0540
=0.060

Current CPI (Dec. 2025) = 324.0540.

Higher Way Electronic Co Quarterly Data

per share eps CPI Adj_EPS
201603 -0.390 238.132 -0.531
201606 0.080 241.018 0.108
201609 -0.450 241.428 -0.604
201612 -0.021 241.432 -0.028
201703 -0.990 243.801 -1.316
201706 0.050 244.955 0.066
201709 -0.390 246.819 -0.512
201712 -0.360 246.524 -0.473
201803 -0.590 249.554 -0.766
201806 0.320 251.989 0.412
201809 -0.100 252.439 -0.128
201812 -0.153 251.233 -0.197
201903 -0.110 254.202 -0.140
201906 0.060 256.143 0.076
201909 -0.130 256.759 -0.164
201912 -0.380 256.974 -0.479
202003 -0.040 258.115 -0.050
202006 -0.500 257.797 -0.629
202009 0.170 260.280 0.212
202012 1.270 260.474 1.580
202103 0.370 264.877 0.453
202106 0.070 271.696 0.083
202109 0.300 274.310 0.354
202112 0.200 278.802 0.232
202203 0.430 287.504 0.485
202206 0.650 296.311 0.711
202209 0.740 296.808 0.808
202212 -0.560 296.797 -0.611
202303 -0.390 301.836 -0.419
202306 0.370 305.109 0.393
202309 0.360 307.789 0.379
202312 -0.620 306.746 -0.655
202403 0.300 312.332 0.311
202406 0.190 314.175 0.196
202409 -0.370 315.301 -0.380
202412 0.110 315.605 0.113
202503 -0.060 319.799 -0.061
202506 -1.300 322.561 -1.306
202509 -0.030 324.800 -0.030
202512 0.060 324.054 0.060

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$-0.24 mean?
Higher Way Electronic Co (ROCO:3268) has a E10 of NT$-0.24 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Higher Way Electronic Co and its competitors.
Is Higher Way Electronic Co's E10 too high?
Higher Way Electronic Co's current E10 is NT$-0.24. Overall, Higher Way Electronic Co has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Higher Way Electronic Co's E10 compare to NVDA and AVGO?
Higher Way Electronic Co's E10 of NT$-0.24 can be compared against companies in the Semiconductors 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 Semiconductors company?
A good E10 depends on the Semiconductors 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 Higher Way Electronic Co and its competitors. Higher Way Electronic Co's current E10 is NT$-0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Higher Way Electronic Co stock overvalued right now?
Based on GuruFocus' analysis, Higher Way Electronic Co (ROCO:3268) is currently considered Fairly Valued. The stock's GF Value™ is NT$20.73, compared to a current price of NT$19.30 — trading 6.9% below its estimated fair value. The current E10 is NT$-0.24. Higher Way Electronic Co's overall GF Score™ is 56/100 with 5 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 Higher Way Electronic Co (ROCO:3268), the current E10 is NT$-0.24 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 Higher Way Electronic Co (ROCO:3268) Overvalued in 2026?

Based on GuruFocus' analysis, Higher Way Electronic Co stock appears to be undervalued. The current stock price of NT$19.30 is trading 6.9% below its estimated GF Value™ of NT$20.73. GuruFocus considers Higher Way Electronic Co to be Fairly Valued.

Key valuation signals for ROCO:3268:

  • E10: NT$-0.24
  • GF Value™: NT$20.73 vs. price of NT$19.30 (6.9% below fair value)
  • GF Score™: 56/100 with 5 warning signs

No single metric tells the full story. See the ROCO:3268 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Higher Way Electronic Co Business Description

Address 14F-6, No. 925, Taiwan Avenue, Section 4, Xitun District, Taichung, TWN
Higher Way Electronic Co Ltd is engaged in providing IC chip integration services and embedded system. Its products include multi-media controller ICs, speech, and music ICs, memory device ICs, optoelectronic devices, LCD controller ICs, and others.
56GF Score

Get the complete analysis for ROCO:3268

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

NT$19.30
Price
NT$20.73
GF Value