Etron Technology (ROCO:5351) E10: NT$-1.53 (As of Dec. 2025)

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ROCO:5351 Etron Technology Inc ROCO:5351
38 GF Score
Price NT$84.80
GF Value NT$42.03
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Etron Technology E10?

Etron Technology ROCO:5351 -3.42% 38 E10 is NT$-1.53 as of Dec. 2025. GuruFocus rates ROCO:5351 with a GF Score™ of 38/100 and a GF Value™ of NT$42.03 (Significantly Overvalued). The stock has 2 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.

Etron Technology's adjusted earnings per share data for the three months ended in Dec. 2025 was NT$0.210. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$-1.53 for the trailing ten years ended in Dec. 2025.

During the past 3 years, the average E10 Growth Rate was -24.10% per year. During the past 5 years, the average E10 Growth Rate was -2.10% 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 Etron Technology was 18.70% per year. The lowest was -24.10% per year. And the median was 0.85% per year.

As of today (2026-07-26), Etron Technology's current stock price is NT$84.80. Etron Technology's E10 for the quarter that ended in Dec. 2025 was NT$-1.53. Etron Technology's Shiller PE Ratio of today is .


Etron Technology  (ROCO:5351) 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.


Be Aware

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


Etron Technology E10 Related Terms


Etron Technology E10 Historical Data

* Premium members only.

The historical data trend for Etron Technology'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.

Etron Technology E10 Chart

Etron Technology 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 -1.04 -0.80 -1.14 -1.42 -1.53

Etron Technology 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 -1.42 -1.51 -1.60 -1.61 -1.53

ROCO:5351 vs NVDA, AVGO, MU: E10 Comparison

For the Semiconductors subindustry, Etron Technology'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.


Etron Technology Shiller PE Ratio vs Semiconductors Industry

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

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


ROCO:5351
38GF Score
Etron Technology Inc ROCO:5351
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Etron Technology 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, Etron Technology'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)
=0.21/324.0540*324.0540
=0.210

Current CPI (Dec. 2025) = 324.0540.

Etron Technology Quarterly Data

per share eps CPI Adj_EPS
201603 -0.286 238.132 -0.389
201606 -0.286 241.018 -0.385
201609 -0.643 241.428 -0.863
201612 -0.482 241.432 -0.647
201703 -0.910 243.801 -1.210
201706 -0.536 244.955 -0.709
201709 -0.411 246.819 -0.540
201712 -0.393 246.524 -0.517
201803 -0.661 249.554 -0.858
201806 -0.286 251.989 -0.368
201809 -0.411 252.439 -0.528
201812 -1.311 251.233 -1.691
201903 -0.803 254.202 -1.024
201906 -1.125 256.143 -1.423
201909 -0.321 256.759 -0.405
201912 -0.429 256.974 -0.541
202003 -0.351 258.115 -0.441
202006 -0.277 257.797 -0.348
202009 -0.148 260.280 -0.184
202012 -0.277 260.474 -0.345
202103 0.185 264.877 0.226
202106 0.518 271.696 0.618
202109 1.417 274.310 1.674
202112 1.455 278.802 1.691
202203 0.737 287.504 0.831
202206 0.505 296.311 0.552
202209 0.010 296.808 0.011
202212 -0.797 296.797 -0.870
202303 -0.758 301.836 -0.814
202306 -0.462 305.109 -0.491
202309 -0.960 307.789 -1.011
202312 -0.890 306.746 -0.940
202403 -0.650 312.332 -0.674
202406 -0.390 314.175 -0.402
202409 -0.340 315.301 -0.349
202412 -0.400 315.605 -0.411
202503 -0.610 319.799 -0.618
202506 -0.700 322.561 -0.703
202509 -0.430 324.800 -0.429
202512 0.210 324.054 0.210

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$-1.53 mean?
Etron Technology (ROCO:5351) has a E10 of NT$-1.53 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Etron Technology and its competitors.
Is Etron Technology's E10 too high?
Etron Technology's current E10 is NT$-1.53. Overall, Etron Technology has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Etron Technology's E10 compare to NVDA and AVGO?
Etron Technology's E10 of NT$-1.53 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 Etron Technology and its competitors. Etron Technology's current E10 is NT$-1.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Etron Technology stock overvalued right now?
Based on GuruFocus' analysis, Etron Technology (ROCO:5351) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$42.03, compared to a current price of NT$84.80 — trading 101.8% above its estimated fair value. The current E10 is NT$-1.53. Etron Technology's overall GF Score™ is 38/100 with 2 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 Etron Technology (ROCO:5351), the current E10 is NT$-1.53 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 Etron Technology (ROCO:5351) Overvalued in 2026?

Based on GuruFocus' analysis, Etron Technology stock appears to be overvalued. The current stock price of NT$84.80 is trading 101.8% above its estimated GF Value™ of NT$42.03. GuruFocus considers Etron Technology to be Significantly Overvalued.

Key valuation signals for ROCO:5351:

  • E10: NT$-1.53
  • GF Value™: NT$42.03 vs. price of NT$84.80 (101.8% above fair value)
  • GF Score™: 38/100 with 2 warning signs

No single metric tells the full story. See the ROCO:5351 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Etron Technology Business Description

Address No. 6 Technology Road 5, Hsinchu Science Park, Hsinchu, TWN, 30078
Etron Technology Inc is engaged in the manufacturing and design of various integrated circuits. The Company is mainly engaged in the design, manufacturing, and sale of niche memory chips. Its product portfolio consists of Memory ICs, which include Commercial DRAM, Industrial DRAM, Automotive DRAM, Known Good Die, DRAM, and Flash; and Logic ICs, which include USB and 3D Sensing. Geographically, the company operates in Taiwan, Asia, and other countries. The majority of its revenue is generated from the Asia region.
38GF Score

Get the complete analysis for ROCO:5351

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

NT$84.80
Price
NT$42.03
GF Value