Universal Microwave Technology (ROCO:3491) E10: NT$5.83 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ROCO:3491 Universal Microwave Technology Inc ROCO:3491
78 GF Score
Price NT$1,505.00
GF Value NT$599.70
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Universal Microwave Technology E10?

Universal Microwave Technology ROCO:3491 +7.12% 78 E10 is NT$5.83 as of Jun. 2026. GuruFocus rates ROCO:3491 with a GF Score™ of 78/100 and a GF Value™ of NT$599.70 (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.

Universal Microwave Technology's adjusted earnings per share data for the three months ended in Jun. 2026 was NT$4.450. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$5.83 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Universal Microwave Technology's average E10 Growth Rate was 18.30% per year. During the past 3 years, the average E10 Growth Rate was 6.90% per year. During the past 5 years, the average E10 Growth Rate was 8.00% 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 Universal Microwave Technology was 7.70% per year. The lowest was 6.90% per year. And the median was 7.45% per year.

As of today (2026-09-04), Universal Microwave Technology's current stock price is NT$1505.00. Universal Microwave Technology's E10 for the quarter that ended in Jun. 2026 was NT$5.83. Universal Microwave Technology's Shiller PE Ratio of today is 258.15.

During the past 13 years, the highest Shiller PE Ratio of Universal Microwave Technology was 402.93. The lowest was 17.71. And the median was 38.53.


Universal Microwave Technology  (ROCO:3491) 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.

Universal Microwave Technology's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1505.00/5.83
=258.15

* 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 Universal Microwave Technology was 402.93. The lowest was 17.71. And the median was 38.53.


Be Aware

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


Universal Microwave Technology E10 Related Terms


Universal Microwave Technology E10 Historical Data

* Premium members only.

The historical data trend for Universal Microwave Technology'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.

Universal Microwave Technology E10 Chart

Universal Microwave Technology 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 3.85 4.17 4.25 4.77 5.09

Universal Microwave Technology 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 4.93 4.90 5.09 5.46 5.83

ROCO:3491 vs CSCO, MSI, LITE: E10 Comparison

For the Communication Equipment subindustry, Universal Microwave Technology'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.


Universal Microwave Technology Shiller PE Ratio vs Hardware Industry

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

* The bar in red indicates where Universal Microwave Technology's Shiller PE Ratio falls into.


ROCO:3491
78GF Score
Universal Microwave Technology Inc ROCO:3491
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Universal Microwave Technology 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, Universal Microwave Technology'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)
=4.45/333.9520*333.9520
=4.450

Current CPI (Jun. 2026) = 333.9520.

Universal Microwave Technology Quarterly Data

per share eps CPI Adj_EPS
201609 0.948 241.428 1.311
201612 1.408 241.432 1.948
201703 1.076 243.801 1.474
201706 1.406 244.955 1.917
201709 0.594 246.819 0.804
201712 0.264 246.524 0.358
201803 0.528 249.554 0.707
201806 1.340 251.989 1.776
201809 0.830 252.439 1.098
201812 0.950 251.233 1.263
201903 1.010 254.202 1.327
201906 1.330 256.143 1.734
201909 1.370 256.759 1.782
201912 0.370 256.974 0.481
202003 -0.080 258.115 -0.104
202006 1.410 257.797 1.827
202009 0.440 260.280 0.565
202012 0.240 260.474 0.308
202103 0.450 264.877 0.567
202106 1.590 271.696 1.954
202109 0.890 274.310 1.084
202112 0.880 278.802 1.054
202203 0.710 287.504 0.825
202206 1.430 296.311 1.612
202209 1.370 296.808 1.541
202212 0.750 296.797 0.844
202303 0.870 301.836 0.963
202306 0.890 305.109 0.974
202309 0.720 307.789 0.781
202312 0.650 306.746 0.708
202403 1.200 312.332 1.283
202406 2.750 314.175 2.923
202409 2.000 315.301 2.118
202412 2.400 315.605 2.540
202503 2.070 319.799 2.162
202506 1.070 322.561 1.108
202509 1.270 324.800 1.306
202512 3.170 324.054 3.267
202603 3.660 330.213 3.701
202606 4.450 333.952 4.450

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$5.83 mean?
Universal Microwave Technology (ROCO:3491) has a E10 of NT$5.83 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Universal Microwave Technology and its competitors.
Is Universal Microwave Technology's E10 too high?
Universal Microwave Technology's current E10 is NT$5.83. Overall, Universal Microwave Technology has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Universal Microwave Technology's E10 compare to CSCO and MSI?
Universal Microwave Technology's E10 of NT$5.83 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 Universal Microwave Technology and its competitors. Universal Microwave Technology's current E10 is NT$5.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Universal Microwave Technology stock overvalued right now?
Based on GuruFocus' analysis, Universal Microwave Technology (ROCO:3491) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$599.70, compared to a current price of NT$1,505.00 — trading 151% above its estimated fair value. The current E10 is NT$5.83. Universal Microwave Technology'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 Universal Microwave Technology (ROCO:3491), the current E10 is NT$5.83 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 Universal Microwave Technology (ROCO:3491) Overvalued in 2026?

Based on GuruFocus' analysis, Universal Microwave Technology stock appears to be overvalued. The current stock price of NT$1,505.00 is trading 151% above its estimated GF Value™ of NT$599.70. GuruFocus considers Universal Microwave Technology to be Significantly Overvalued.

Key valuation signals for ROCO:3491:

  • E10: NT$5.83
  • GF Value™: NT$599.70 vs. price of NT$1,505.00 (151% above fair value)
  • GF Score™: 78/100 with 3 warning signs

No single metric tells the full story. See the ROCO:3491 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Universal Microwave Technology Business Description

Address No 1 Gongjian Road, Qidu District, Keelung, TWN, 206
Universal Microwave Technology Inc is engaged in the design, research, development, and manufacturing of Low Earth Orbit satellites and high-frequency microwave communication components. Its segments include Microwave / Millimeter Wave Products, Radio Frequency Products, and Communication Network Engineering Services. It derives the majority of revenue from Microwave / Millimeter Wave Products.
78GF Score

Get the complete analysis for ROCO:3491

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

NT$1,505.00
Price
NT$599.70
GF Value