Giga Solar Materials (ROCO:3691) E10: NT$-2.98 (As of Mar. 2026)

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ROCO:3691 Giga Solar Materials Corp ROCO:3691
44 GF Score
Price NT$114.50
GF Value NT$135.90
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Giga Solar Materials E10?

Giga Solar Materials ROCO:3691 +0.44% 44 E10 is NT$-2.98 as of Mar. 2026. GuruFocus rates ROCO:3691 with a GF Score™ of 44/100 and a GF Value™ of NT$135.90 (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.

Giga Solar Materials's adjusted earnings per share data for the three months ended in Mar. 2026 was NT$2.970. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$-2.98 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Giga Solar Materials's average E10 Growth Rate was -201.70% 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 Giga Solar Materials was -13.00% per year. The lowest was -28.50% per year. And the median was -15.40% per year.

As of today (2026-08-06), Giga Solar Materials's current stock price is NT$114.50. Giga Solar Materials's E10 for the quarter that ended in Mar. 2026 was NT$-2.98. Giga Solar Materials's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Giga Solar Materials was 55.66. The lowest was 5.24. And the median was 14.07.


Giga Solar Materials  (ROCO:3691) 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 Giga Solar Materials was 55.66. The lowest was 5.24. And the median was 14.07.


Be Aware

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


Giga Solar Materials E10 Related Terms


Giga Solar Materials E10 Historical Data

* Premium members only.

The historical data trend for Giga Solar Materials'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.

Giga Solar Materials E10 Chart

Giga Solar Materials 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 10.16 9.04 7.17 3.72 -1.96

Giga Solar Materials Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.93 1.52 -0.50 -1.96 -2.98

ROCO:3691 vs FSLR, NXT, ENPH: E10 Comparison

For the Solar subindustry, Giga Solar Materials'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.


Giga Solar Materials Shiller PE Ratio vs Semiconductors Industry

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

* The bar in red indicates where Giga Solar Materials's Shiller PE Ratio falls into.


ROCO:3691
44GF Score
Giga Solar Materials Corp ROCO:3691
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Giga Solar Materials 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, Giga Solar Materials's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=2.97/330.2130*330.2130
=2.970

Current CPI (Mar. 2026) = 330.2130.

Giga Solar Materials Quarterly Data

per share eps CPI Adj_EPS
201606 6.482 241.018 8.881
201609 8.414 241.428 11.508
201612 0.229 241.432 0.313
201703 0.612 243.801 0.829
201706 1.817 244.955 2.449
201709 1.348 246.819 1.803
201712 -7.075 246.524 -9.477
201803 1.673 249.554 2.214
201806 0.975 251.989 1.278
201809 -5.010 252.439 -6.554
201812 -12.821 251.233 -16.852
201903 3.165 254.202 4.111
201906 -0.430 256.143 -0.554
201909 1.243 256.759 1.599
201912 -1.291 256.974 -1.659
202003 -0.851 258.115 -1.089
202006 -0.851 257.797 -1.090
202009 3.557 260.280 4.513
202012 0.889 260.474 1.127
202103 0.641 264.877 0.799
202106 -1.405 271.696 -1.708
202109 -1.580 274.310 -1.902
202112 -2.850 278.802 -3.376
202203 0.660 287.504 0.758
202206 -0.880 296.311 -0.981
202209 -2.000 296.808 -2.225
202212 -3.870 296.797 -4.306
202303 -1.930 301.836 -2.111
202306 -1.890 305.109 -2.046
202309 -0.280 307.789 -0.300
202312 -4.720 306.746 -5.081
202403 0.500 312.332 0.529
202406 -0.170 314.175 -0.179
202409 -1.850 315.301 -1.937
202412 -4.090 315.605 -4.279
202503 -1.000 319.799 -1.033
202506 -6.010 322.561 -6.153
202509 -1.140 324.800 -1.159
202512 0.530 324.054 0.540
202603 2.970 330.213 2.970

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$-2.98 mean?
Giga Solar Materials (ROCO:3691) has a E10 of NT$-2.98 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Giga Solar Materials and its competitors.
Is Giga Solar Materials' E10 too high?
Giga Solar Materials' current E10 is NT$-2.98. Overall, Giga Solar Materials has a GF Score™ of 44/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Giga Solar Materials' E10 compare to FSLR and NXT?
Giga Solar Materials' E10 of NT$-2.98 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 Giga Solar Materials and its competitors. Giga Solar Materials's current E10 is NT$-2.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Giga Solar Materials stock overvalued right now?
Based on GuruFocus' analysis, Giga Solar Materials (ROCO:3691) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$135.90, compared to a current price of NT$114.50 — trading 15.7% below its estimated fair value. The current E10 is NT$-2.98. Giga Solar Materials' overall GF Score™ is 44/100 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 Giga Solar Materials (ROCO:3691), the current E10 is NT$-2.98 as of Mar. 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 Giga Solar Materials (ROCO:3691) Overvalued in 2026?

Based on GuruFocus' analysis, Giga Solar Materials stock appears to be undervalued. The current stock price of NT$114.50 is trading 15.7% below its estimated GF Value™ of NT$135.90. GuruFocus considers Giga Solar Materials to be Modestly Undervalued.

Key valuation signals for ROCO:3691:

  • E10: NT$-2.98
  • GF Value™: NT$135.90 vs. price of NT$114.50 (15.7% below fair value)
  • GF Score™: 44/100 with 5 warning signs

No single metric tells the full story. See the ROCO:3691 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Giga Solar Materials Business Description

Address 122-18, Zhonghua Road, Hukou Township, Hsinchu County, Hukou Township, Hsinchu, TWN, 30351
Giga Solar Materials Corp is engaged in the research and development (R&D), manufacturing, and sales of solar conductive plasma. Its product includes Conductive Paste for Photovoltaic Cells, Quality Assurance System for Conductive Paste, Solutions to Solar Energy Cells and Li-ion Battery Materials.
44GF Score

Get the complete analysis for ROCO:3691

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

NT$114.50
Price
NT$135.90
GF Value