Toplus Global Co (ROCO:3522) E10: NT$-4.10 (As of Dec. 2025)


ROCO:3522 Toplus Global Co Ltd ROCO:3522
45 GF Score
Price NT$12.25
GF Value NT$16.47
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Toplus Global Co E10?

Toplus Global Co ROCO:3522 45 E10 is NT$-4.10 as of Dec. 2025. GuruFocus rates ROCO:3522 with a GF Score™ of 45/100 and a GF Value™ of NT$16.47 (Modestly Undervalued). 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.

Toplus Global Co's adjusted earnings per share data for the three months ended in Dec. 2025 was NT$-0.245. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$-4.10 for the trailing ten years ended in Dec. 2025.

During the past 3 years, the average E10 Growth Rate was -9.80% per year. During the past 5 years, the average E10 Growth Rate was -22.90% 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 Toplus Global Co was -9.80% per year. The lowest was -39.40% per year. And the median was -16.60% per year.

As of today (2026-07-13), Toplus Global Co's current stock price is NT$12.25. Toplus Global Co's E10 for the quarter that ended in Dec. 2025 was NT$-4.10. Toplus Global Co's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Toplus Global Co was 184.50. The lowest was 108.52. And the median was 135.91.


Toplus Global Co  (ROCO:3522) 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 Toplus Global Co was 184.50. The lowest was 108.52. And the median was 135.91.


Be Aware

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


Toplus Global Co E10 Related Terms


Toplus Global Co E10 Historical Data

* Premium members only.

The historical data trend for Toplus Global 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.

Toplus Global Co E10 Chart

Toplus Global 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 -2.51 -3.10 -3.55 -3.98 -4.10

Toplus Global 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 -3.98 -3.99 -4.04 -4.26 -4.10

ROCO:3522 vs MCD, SBUX, YUM: E10 Comparison

For the Restaurants subindustry, Toplus Global 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.


Toplus Global Co Shiller PE Ratio vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Toplus Global Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Toplus Global Co's Shiller PE Ratio falls into.


ROCO:3522
45GF Score
Toplus Global Co Ltd ROCO:3522
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Toplus Global 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, Toplus Global 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)
=-0.245/324.0540*324.0540
=-0.245

Current CPI (Dec. 2025) = 324.0540.

Toplus Global Co Quarterly Data

per share eps CPI Adj_EPS
201603 -0.249 238.132 -0.339
201606 0.016 241.018 0.022
201609 -0.187 241.428 -0.251
201612 -0.748 241.432 -1.004
201703 -0.468 243.801 -0.622
201706 -1.029 244.955 -1.361
201709 -1.699 246.819 -2.231
201712 1.123 246.524 1.476
201803 -0.062 249.554 -0.081
201806 -0.343 251.989 -0.441
201809 -1.201 252.439 -1.542
201812 2.105 251.233 2.715
201903 0.016 254.202 0.020
201906 -1.076 256.143 -1.361
201909 -1.933 256.759 -2.440
201912 -0.935 256.974 -1.179
202003 -1.107 258.115 -1.390
202006 -6.720 257.797 -8.447
202009 -1.481 260.280 -1.844
202012 -0.343 260.474 -0.427
202103 -0.717 264.877 -0.877
202106 -3.430 271.696 -4.091
202109 -1.791 274.310 -2.116
202112 -3.220 278.802 -3.743
202203 0.886 287.504 0.999
202206 -1.949 296.311 -2.131
202209 -1.334 296.808 -1.456
202212 -0.001 296.797 -0.001
202303 0.039 301.836 0.042
202306 -0.646 305.109 -0.686
202309 -0.910 307.789 -0.958
202312 -0.323 306.746 -0.341
202403 0.254 312.332 0.264
202406 -0.783 314.175 -0.808
202409 -0.949 315.301 -0.975
202412 -0.773 315.605 -0.794
202503 0.196 319.799 0.199
202506 -0.949 322.561 -0.953
202509 -1.605 324.800 -1.601
202512 -0.245 324.054 -0.245

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$-4.10 mean?
Toplus Global Co (ROCO:3522) has a E10 of NT$-4.10 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Toplus Global Co and its competitors.
Is Toplus Global Co's E10 too high?
Toplus Global Co's current E10 is NT$-4.10. Overall, Toplus Global Co has a GF Score™ of 45/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Toplus Global Co's E10 compare to MCD and SBUX?
Toplus Global Co's E10 of NT$-4.10 can be compared against companies in the Restaurants 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 Restaurants company?
A good E10 depends on the Restaurants 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 Toplus Global Co and its competitors. Toplus Global Co's current E10 is NT$-4.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toplus Global Co stock overvalued right now?
Based on GuruFocus' analysis, Toplus Global Co (ROCO:3522) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$16.47, compared to a current price of NT$12.25 — trading 25.6% below its estimated fair value. The current E10 is NT$-4.10. Toplus Global Co's overall GF Score™ is 45/100 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 Toplus Global Co (ROCO:3522), the current E10 is NT$-4.10 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 Toplus Global Co (ROCO:3522) Overvalued in 2026?

Based on GuruFocus' analysis, Toplus Global Co stock appears to be undervalued. The current stock price of NT$12.25 is trading 25.6% below its estimated GF Value™ of NT$16.47. GuruFocus considers Toplus Global Co to be Modestly Undervalued.

Key valuation signals for ROCO:3522:

  • E10: NT$-4.10
  • GF Value™: NT$16.47 vs. price of NT$12.25 (25.6% below fair value)
  • GF Score™: 45/100 with 5 warning signs

No single metric tells the full story. See the ROCO:3522 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Toplus Global Co Business Description

Address No.216, Section 2, Zhongshan Road, 13th Floor, Sector 3, Zhonghe District, New Taipei City, TWN, 242
Toplus Global Co Ltd provides catering management services. The Company offers specialties, fast food products, desserts, drinks, and other related products. It also provides wedding services. It owns DingXian and AmazingHall. DingXian stores in Taipei, Taichung, and Kaohsiung. Amazing Hall contains wedding halls and a marine manor. Its segments are Catering segments and Other segments. The catering segment, which generated maximum revenue, is responsible for catering management and operations; and Other segments, are responsible for hotel catering management consulting and travel agency services.
45GF Score

Get the complete analysis for ROCO:3522

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

NT$12.25
Price
NT$16.47
GF Value