Niching Industrial (ROCO:3444) E10: NT$2.85 (As of Jun. 2026)

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ROCO:3444 Niching Industrial Corp ROCO:3444
78 GF Score
Price NT$83.70
GF Value NT$94.01
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Niching Industrial E10?

Niching Industrial ROCO:3444 +3.33% 78 E10 is NT$2.85 as of Jun. 2026. GuruFocus rates ROCO:3444 with a GF Score™ of 78/100 and a GF Value™ of NT$94.01 (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.

Niching Industrial's adjusted earnings per share data for the three months ended in Jun. 2026 was NT$0.640. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$2.85 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Niching Industrial's average E10 Growth Rate was 5.20% per year. During the past 3 years, the average E10 Growth Rate was 6.20% per year. During the past 5 years, the average E10 Growth Rate was 12.00% 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 Niching Industrial was 16.00% per year. The lowest was 6.20% per year. And the median was 14.35% per year.

As of today (2026-09-04), Niching Industrial's current stock price is NT$83.70. Niching Industrial's E10 for the quarter that ended in Jun. 2026 was NT$2.85. Niching Industrial's Shiller PE Ratio of today is 29.37.

During the past 13 years, the highest Shiller PE Ratio of Niching Industrial was 52.08. The lowest was 17.97. And the median was 25.67.


Niching Industrial  (ROCO:3444) 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.

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

Shiller PE Ratio=Share Price/E10
=83.70/2.85
=29.37

* 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 Niching Industrial was 52.08. The lowest was 17.97. And the median was 25.67.


Be Aware

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


Niching Industrial E10 Related Terms


Niching Industrial E10 Historical Data

* Premium members only.

The historical data trend for Niching Industrial'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.

Niching Industrial E10 Chart

Niching Industrial 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 1.74 2.28 2.48 2.59 2.73

Niching Industrial Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 2.71 2.74 2.73 2.80 2.85

ROCO:3444 vs LRCX, AMAT, KLAC: E10 Comparison

For the Semiconductor Equipment & Materials subindustry, Niching Industrial'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.


Niching Industrial Shiller PE Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Niching Industrial's Shiller PE Ratio distribution charts can be found below:

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


ROCO:3444
78GF Score
Niching Industrial Corp ROCO:3444
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Niching Industrial 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, Niching Industrial's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.64/333.9520*333.9520
=0.640

Current CPI (Jun. 2026) = 333.9520.

Niching Industrial Quarterly Data

per share eps CPI Adj_EPS
201609 0.200 241.428 0.277
201612 0.391 241.432 0.541
201703 0.238 243.801 0.326
201706 0.267 244.955 0.364
201709 0.315 246.819 0.426
201712 0.334 246.524 0.452
201803 0.210 249.554 0.281
201806 0.477 251.989 0.632
201809 0.420 252.439 0.556
201812 0.334 251.233 0.444
201903 0.420 254.202 0.552
201906 0.811 256.143 1.057
201909 0.629 256.759 0.818
201912 0.677 256.974 0.880
202003 0.734 258.115 0.950
202006 0.687 257.797 0.890
202009 0.668 260.280 0.857
202012 0.486 260.474 0.623
202103 0.648 264.877 0.817
202106 0.696 271.696 0.855
202109 1.049 274.310 1.277
202112 0.868 278.802 1.040
202203 1.265 287.504 1.469
202206 1.549 296.311 1.746
202209 1.480 296.808 1.665
202212 0.588 296.797 0.662
202303 0.510 301.836 0.564
202306 0.686 305.109 0.751
202309 0.840 307.789 0.911
202312 0.040 306.746 0.044
202403 0.690 312.332 0.738
202406 0.730 314.175 0.776
202409 0.160 315.301 0.169
202412 0.800 315.605 0.847
202503 0.790 319.799 0.825
202506 0.410 322.561 0.424
202509 0.430 324.800 0.442
202512 0.510 324.054 0.526
202603 0.410 330.213 0.415
202606 0.640 333.952 0.640

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$2.85 mean?
Niching Industrial (ROCO:3444) has a E10 of NT$2.85 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Niching Industrial and its competitors.
Is Niching Industrial's E10 too high?
Niching Industrial's current E10 is NT$2.85. Overall, Niching Industrial has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Niching Industrial's E10 compare to LRCX and AMAT?
Niching Industrial's E10 of NT$2.85 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 Niching Industrial and its competitors. Niching Industrial's current E10 is NT$2.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Niching Industrial stock overvalued right now?
Based on GuruFocus' analysis, Niching Industrial (ROCO:3444) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$94.01, compared to a current price of NT$83.70 — trading 11% below its estimated fair value. The current E10 is NT$2.85. Niching Industrial's 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 Niching Industrial (ROCO:3444), the current E10 is NT$2.85 as of Jun. 2026. 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 Niching Industrial (ROCO:3444) Overvalued in 2026?

Based on GuruFocus' analysis, Niching Industrial stock appears to be undervalued. The current stock price of NT$83.70 is trading 11% below its estimated GF Value™ of NT$94.01. GuruFocus considers Niching Industrial to be Modestly Undervalued.

Key valuation signals for ROCO:3444:

  • E10: NT$2.85
  • GF Value™: NT$94.01 vs. price of NT$83.70 (11% below fair value)
  • GF Score™: 78/100 with 3 warning signs

No single metric tells the full story. See the ROCO:3444 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Niching Industrial Business Description

Address Room 5E, No.767, Sec 4, Taiwan Boulevard, 5th Floor, Taichung, Xitun District, Taichung, TWN
Niching Industrial Corp main business activities include the import, export, trading, and manufacturing of various raw materials, components, and equipment required for the semiconductor and optoelectronic industries. Its revenue is generated from Semiconductor products, Optoelectronics products, and others. Semiconductor products generate maximum revenue.
78GF Score

Get the complete analysis for ROCO:3444

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

NT$83.70
Price
NT$94.01
GF Value