Pan Asia Chemical (ROCO:4707) E10: NT$0.85 (As of Sep. 2025)

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:4707 Pan Asia Chemical Corp ROCO:4707
43 GF Score
Price NT$41.95
GF Value NT$10.76
Valuation Significantly Overvalued
! 10 Warning Signs
View Full Analysis

What is Pan Asia Chemical E10?

Pan Asia Chemical ROCO:4707 +9.24% 43 E10 is NT$0.85 as of Sep. 2025. GuruFocus rates ROCO:4707 with a GF Score™ of 43/100 and a GF Value™ of NT$10.76 (Significantly Overvalued). The stock has 10 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.

Pan Asia Chemical's adjusted earnings per share data for the three months ended in Sep. 2025 was NT$0.310. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$0.85 for the trailing ten years ended in Sep. 2025.

During the past 12 months, Pan Asia Chemical's average E10 Growth Rate was 10.40% per year. During the past 3 years, the average E10 Growth Rate was 16.90% per year. During the past 5 years, the average E10 Growth Rate was 17.10% 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 Pan Asia Chemical was 18.70% per year. The lowest was 16.90% per year. And the median was 18.00% per year.

As of today (2026-07-16), Pan Asia Chemical's current stock price is NT$41.95. Pan Asia Chemical's E10 for the quarter that ended in Sep. 2025 was NT$0.85. Pan Asia Chemical's Shiller PE Ratio of today is 49.35.

During the past 13 years, the highest Shiller PE Ratio of Pan Asia Chemical was 42.78. The lowest was 11.04. And the median was 17.99.


Pan Asia Chemical  (ROCO:4707) 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.

Pan Asia Chemical's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=41.95/0.85
=49.35

* 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 Pan Asia Chemical was 42.78. The lowest was 11.04. And the median was 17.99.


Be Aware

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


Pan Asia Chemical E10 Related Terms


Pan Asia Chemical E10 Historical Data

* Premium members only.

The historical data trend for Pan Asia Chemical'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.

Pan Asia Chemical E10 Chart

Pan Asia Chemical Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.43 0.52 0.64 0.72 0.83

Pan Asia Chemical Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 0.77 0.83 0.83 0.83 0.85

ROCO:4707 vs LIN, SHW, ECL: E10 Comparison

For the Specialty Chemicals subindustry, Pan Asia Chemical'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.


Pan Asia Chemical Shiller PE Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Pan Asia Chemical's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Pan Asia Chemical's Shiller PE Ratio falls into.


ROCO:4707
43GF Score
Pan Asia Chemical Corp ROCO:4707
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pan Asia Chemical 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, Pan Asia Chemical's adjusted earnings per share data for the three months ended in Sep. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2025 (Change)*Current CPI (Sep. 2025)
=0.31/324.8000*324.8000
=0.310

Current CPI (Sep. 2025) = 324.8000.

Pan Asia Chemical Quarterly Data

per share eps CPI Adj_EPS
201512 0.028 236.525 0.038
201603 0.123 238.132 0.168
201606 0.134 241.018 0.181
201609 0.195 241.428 0.262
201612 0.152 241.432 0.204
201703 0.073 243.801 0.097
201706 0.128 244.955 0.170
201709 0.100 246.819 0.132
201712 0.093 246.524 0.123
201803 0.100 249.554 0.130
201806 0.179 251.989 0.231
201809 0.213 252.439 0.274
201812 0.106 251.233 0.137
201903 0.085 254.202 0.109
201906 0.213 256.143 0.270
201909 0.247 256.759 0.312
201912 0.180 256.974 0.228
202003 0.112 258.115 0.141
202006 0.105 257.797 0.132
202009 0.217 260.280 0.271
202012 0.206 260.474 0.257
202103 0.211 264.877 0.259
202106 0.146 271.696 0.175
202109 0.253 274.310 0.300
202112 0.245 278.802 0.285
202203 0.201 287.504 0.227
202206 0.314 296.311 0.344
202209 0.254 296.808 0.278
202212 0.225 296.797 0.246
202303 0.122 301.836 0.131
202306 0.254 305.109 0.270
202309 0.290 307.789 0.306
202312 0.200 306.746 0.212
202403 0.190 312.332 0.198
202406 0.270 314.175 0.279
202409 0.210 315.301 0.216
202412 0.260 315.605 0.268
202503 0.220 319.799 0.223
202506 0.080 322.561 0.081
202509 0.310 324.800 0.310

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$0.85 mean?
Pan Asia Chemical (ROCO:4707) has a E10 of NT$0.85 as of Sep. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Pan Asia Chemical and its competitors.
Is Pan Asia Chemical's E10 too high?
Pan Asia Chemical's current E10 is NT$0.85. Overall, Pan Asia Chemical has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pan Asia Chemical's E10 compare to LIN and SHW?
Pan Asia Chemical's E10 of NT$0.85 can be compared against companies in the Chemicals 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 Chemicals company?
A good E10 depends on the Chemicals 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 Pan Asia Chemical and its competitors. Pan Asia Chemical's current E10 is NT$0.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pan Asia Chemical stock overvalued right now?
Based on GuruFocus' analysis, Pan Asia Chemical (ROCO:4707) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$10.76, compared to a current price of NT$41.95 — trading 289.9% above its estimated fair value. The current E10 is NT$0.85. Pan Asia Chemical's overall GF Score™ is 43/100 with 10 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 Pan Asia Chemical (ROCO:4707), the current E10 is NT$0.85 as of Sep. 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 Pan Asia Chemical (ROCO:4707) Overvalued in 2026?

Based on GuruFocus' analysis, Pan Asia Chemical stock appears to be overvalued. The current stock price of NT$41.95 is trading 289.9% above its estimated GF Value™ of NT$10.76. GuruFocus considers Pan Asia Chemical to be Significantly Overvalued.

Key valuation signals for ROCO:4707:

  • E10: NT$0.85
  • GF Value™: NT$10.76 vs. price of NT$41.95 (289.9% above fair value)
  • GF Score™: 43/100 with 10 warning signs

No single metric tells the full story. See the ROCO:4707 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Pan Asia Chemical Business Description

Address XinSheng South Road, 11th Floor, No.50, Section 1, Zhongzheng District, Taipei, TWN
Pan Asia Chemical Corp is engaged in the manufacturing and processing, trading and import and export trade business for a variety of non-ionic surfactants, which could be divided into two parts: Ethylene oxide derivative products and esterified products. The company's segments are: EOD Plant, Esterification Plant and others. The majority of revenue is derived from the EOD Plant.
43GF Score

Get the complete analysis for ROCO:4707

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

NT$41.95
Price
NT$10.76
GF Value