Thermaltake Technology Co (ROCO:3540) E10: NT$2.04 (As of Dec. 2025)


ROCO:3540 Thermaltake Technology Co Ltd ROCO:3540
58 GF Score
Price NT$23.95
GF Value NT$50.74
Valuation Possible Value Trap
! 7 Warning Signs
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What is Thermaltake Technology Co E10?

Thermaltake Technology Co ROCO:3540 58 E10 is NT$2.04 as of Dec. 2025. GuruFocus rates ROCO:3540 with a GF Score™ of 58/100 and a GF Value™ of NT$50.74 (Possible Value Trap). 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.

Thermaltake Technology Co's adjusted earnings per share data for the three months ended in Dec. 2025 was NT$0.263. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$2.04 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Thermaltake Technology Co's average E10 Growth Rate was 3.60% per year. During the past 3 years, the average E10 Growth Rate was 3.10% 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 Thermaltake Technology Co was 33.60% per year. The lowest was 3.10% per year. And the median was 14.40% per year.

As of today (2026-07-12), Thermaltake Technology Co's current stock price is NT$23.95. Thermaltake Technology Co's E10 for the quarter that ended in Dec. 2025 was NT$2.04. Thermaltake Technology Co's Shiller PE Ratio of today is 11.74.

During the past 13 years, the highest Shiller PE Ratio of Thermaltake Technology Co was 77.95. The lowest was 11.07. And the median was 19.74.


Thermaltake Technology Co  (ROCO:3540) 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.

Thermaltake Technology Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=23.95/2.04
=11.74

* 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 Thermaltake Technology Co was 77.95. The lowest was 11.07. And the median was 19.74.


Be Aware

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


Thermaltake Technology Co E10 Related Terms


Thermaltake Technology Co E10 Historical Data

* Premium members only.

The historical data trend for Thermaltake Technology 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.

Thermaltake Technology Co E10 Chart

Thermaltake Technology 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 0.00 1.86 2.11 1.97 2.04

Thermaltake Technology 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 1.97 2.09 2.04 2.07 2.04

ROCO:3540 vs SNX, ARW, AVT: E10 Comparison

For the Electronics & Computer Distribution subindustry, Thermaltake Technology 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.


Thermaltake Technology Co Shiller PE Ratio vs Hardware Industry

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

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


ROCO:3540
58GF Score
Thermaltake Technology Co Ltd ROCO:3540
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thermaltake Technology 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, Thermaltake Technology 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)
=0.263/324.0540*324.0540
=0.263

Current CPI (Dec. 2025) = 324.0540.

Thermaltake Technology Co Quarterly Data

per share eps CPI Adj_EPS
201603 0.398 238.132 0.542
201606 0.195 241.018 0.262
201609 0.336 241.428 0.451
201612 0.204 241.432 0.274
201703 0.425 243.801 0.565
201706 0.283 244.955 0.374
201709 0.575 246.819 0.755
201712 0.292 246.524 0.384
201803 0.797 249.554 1.035
201806 0.531 251.989 0.683
201809 0.345 252.439 0.443
201812 0.106 251.233 0.137
201903 0.443 254.202 0.565
201906 0.327 256.143 0.414
201909 0.177 256.759 0.223
201912 0.177 256.974 0.223
202003 0.195 258.115 0.245
202006 1.850 257.797 2.325
202009 2.842 260.280 3.538
202012 1.324 260.474 1.647
202103 1.937 264.877 2.370
202106 0.895 271.696 1.067
202109 0.117 274.310 0.138
202112 0.000 278.802 0.000
202203 -0.331 287.504 -0.373
202206 0.019 296.311 0.021
202209 0.467 296.808 0.510
202212 0.263 296.797 0.287
202303 0.487 301.836 0.523
202306 0.545 305.109 0.579
202309 0.428 307.789 0.451
202312 -0.107 306.746 -0.113
202403 0.088 312.332 0.091
202406 0.019 314.175 0.020
202409 -1.080 315.301 -1.110
202412 -0.341 315.605 -0.350
202503 0.584 319.799 0.592
202506 -0.565 322.561 -0.568
202509 0.438 324.800 0.437
202512 0.263 324.054 0.263

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$2.04 mean?
Thermaltake Technology Co (ROCO:3540) has a E10 of NT$2.04 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Thermaltake Technology Co and its competitors.
Is Thermaltake Technology Co's E10 too high?
Thermaltake Technology Co's current E10 is NT$2.04. Overall, Thermaltake Technology Co has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Thermaltake Technology Co's E10 compare to SNX and ARW?
Thermaltake Technology Co's E10 of NT$2.04 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 Thermaltake Technology Co and its competitors. Thermaltake Technology Co's current E10 is NT$2.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thermaltake Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Thermaltake Technology Co (ROCO:3540) is currently considered Possible Value Trap. The stock's GF Value™ is NT$50.74, compared to a current price of NT$23.95 — trading 52.8% below its estimated fair value. The current E10 is NT$2.04. Thermaltake Technology Co's overall GF Score™ is 58/100 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 Thermaltake Technology Co (ROCO:3540), the current E10 is NT$2.04 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 Thermaltake Technology Co (ROCO:3540) Overvalued in 2026?

Based on GuruFocus' analysis, Thermaltake Technology Co stock appears to be undervalued. The current stock price of NT$23.95 is trading 52.8% below its estimated GF Value™ of NT$50.74. GuruFocus considers Thermaltake Technology Co to be Possible Value Trap.

Key valuation signals for ROCO:3540:

  • E10: NT$2.04
  • GF Value™: NT$50.74 vs. price of NT$23.95 (52.8% below fair value)
  • GF Score™: 58/100 with 7 warning signs

No single metric tells the full story. See the ROCO:3540 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Thermaltake Technology Co Business Description

Address Tiding boulevard, 5th Floor, No. 185, Section 2, Neihu District, New Taipei City, TWN, 114
Thermaltake Technology Co Ltd currently engages in the wholesale of electronic materials, office machinery, and equipment, the design and trading of computers, and peripheral equipment. Geographically, the company has a presence in America, Asia, Europe, and other regions.
58GF Score

Get the complete analysis for ROCO:3540

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

NT$23.95
Price
NT$50.74
GF Value