United Orthopedic (ROCO:4129) E10: NT$2.78 (As of Dec. 2025)


ROCO:4129 United Orthopedic Corp ROCO:4129
79 GF Score
Price NT$94.60
GF Value NT$123.93
Valuation Modestly Undervalued
! 3 Warning Signs
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What is United Orthopedic E10?

United Orthopedic ROCO:4129 +0.21% 79 E10 is NT$2.78 as of Dec. 2025. GuruFocus rates ROCO:4129 with a GF Score™ of 79/100 and a GF Value™ of NT$123.93 (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.

United Orthopedic's adjusted earnings per share data for the three months ended in Dec. 2025 was NT$1.290. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$2.78 for the trailing ten years ended in Dec. 2025.

During the past 12 months, United Orthopedic's average E10 Growth Rate was 13.90% per year. During the past 3 years, the average E10 Growth Rate was 18.50% per year. During the past 5 years, the average E10 Growth Rate was 15.90% 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 United Orthopedic was 19.50% per year. The lowest was 6.30% per year. And the median was 16.10% per year.

As of today (2026-07-06), United Orthopedic's current stock price is NT$94.60. United Orthopedic's E10 for the quarter that ended in Dec. 2025 was NT$2.78. United Orthopedic's Shiller PE Ratio of today is 34.03.

During the past 13 years, the highest Shiller PE Ratio of United Orthopedic was 52.07. The lowest was 18.57. And the median was 32.18.


United Orthopedic  (ROCO:4129) 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.

United Orthopedic's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=94.60/2.78
=34.03

* 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 United Orthopedic was 52.07. The lowest was 18.57. And the median was 32.18.


Be Aware

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


United Orthopedic E10 Related Terms


United Orthopedic E10 Historical Data

* Premium members only.

The historical data trend for United Orthopedic'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.

United Orthopedic E10 Chart

United Orthopedic 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 1.43 1.67 2.10 2.44 2.78

United Orthopedic 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 2.44 2.63 2.59 2.71 2.78

ROCO:4129 vs ABT, SYK, MDT: E10 Comparison

For the Medical Devices subindustry, United Orthopedic'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.


United Orthopedic Shiller PE Ratio vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, United Orthopedic's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where United Orthopedic's Shiller PE Ratio falls into.


ROCO:4129
79GF Score
United Orthopedic Corp ROCO:4129
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

United Orthopedic 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, United Orthopedic'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)
=1.29/324.0540*324.0540
=1.290

Current CPI (Dec. 2025) = 324.0540.

United Orthopedic Quarterly Data

per share eps CPI Adj_EPS
201603 1.133 238.132 1.542
201606 0.537 241.018 0.722
201609 -0.130 241.428 -0.174
201612 0.470 241.432 0.631
201703 -0.050 243.801 -0.066
201706 1.180 244.955 1.561
201709 0.330 246.819 0.433
201712 0.290 246.524 0.381
201803 0.330 249.554 0.429
201806 0.370 251.989 0.476
201809 0.220 252.439 0.282
201812 0.630 251.233 0.813
201903 0.190 254.202 0.242
201906 0.570 256.143 0.721
201909 0.200 256.759 0.252
201912 0.060 256.974 0.076
202003 -0.170 258.115 -0.213
202006 0.212 257.797 0.266
202009 0.450 260.280 0.560
202012 0.560 260.474 0.697
202103 -0.070 264.877 -0.086
202106 -0.040 271.696 -0.048
202109 0.050 274.310 0.059
202112 0.430 278.802 0.500
202203 0.380 287.504 0.428
202206 0.260 296.311 0.284
202209 0.830 296.808 0.906
202212 1.040 296.797 1.136
202303 0.770 301.836 0.827
202306 0.950 305.109 1.009
202309 1.190 307.789 1.253
202312 1.270 306.746 1.342
202403 0.980 312.332 1.017
202406 1.060 314.175 1.093
202409 1.430 315.301 1.470
202412 1.260 315.605 1.294
202503 1.980 319.799 2.006
202506 0.480 322.561 0.482
202509 1.910 324.800 1.906
202512 1.290 324.054 1.290

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$2.78 mean?
United Orthopedic (ROCO:4129) has a E10 of NT$2.78 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on United Orthopedic and its competitors.
Is United Orthopedic's E10 too high?
United Orthopedic's current E10 is NT$2.78. Overall, United Orthopedic has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does United Orthopedic's E10 compare to ABT and SYK?
United Orthopedic's E10 of NT$2.78 can be compared against companies in the Medical Devices & Instruments 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 Medical Devices & Instruments company?
A good E10 depends on the Medical Devices & Instruments 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 United Orthopedic and its competitors. United Orthopedic's current E10 is NT$2.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Orthopedic stock overvalued right now?
Based on GuruFocus' analysis, United Orthopedic (ROCO:4129) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$123.93, compared to a current price of NT$94.60 — trading 23.7% below its estimated fair value. The current E10 is NT$2.78. United Orthopedic's overall GF Score™ is 79/100 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 United Orthopedic (ROCO:4129), the current E10 is NT$2.78 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 United Orthopedic (ROCO:4129) Overvalued in 2026?

Based on GuruFocus' analysis, United Orthopedic stock appears to be undervalued. The current stock price of NT$94.60 is trading 23.7% below its estimated GF Value™ of NT$123.93. GuruFocus considers United Orthopedic to be Modestly Undervalued.

Key valuation signals for ROCO:4129:

  • E10: NT$2.78
  • GF Value™: NT$123.93 vs. price of NT$94.60 (23.7% below fair value)
  • GF Score™: 79/100 with 3 warning signs

No single metric tells the full story. See the ROCO:4129 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


United Orthopedic Business Description

Address 12th Floor, No.80, Section 1, Chenggong Road, Yonghe District, New Taipei City, TWN, 234634
United Orthopedic Corp is engaged in the research, development, production, manufacturing, and sales of orthopedic implants, orthopedic surgical instruments and manufacturing equipment, special metal and plastics materials, as well as the import and export of the aforementioned products. Its products include Hip System, Knee System, and Limb Salvage.
79GF Score

Get the complete analysis for ROCO:4129

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

NT$94.60
Price
NT$123.93
GF Value