Teco Image Systems Co (ROCO:5438) E10: NT$1.07 (As of Dec. 2025)


ROCO:5438 Teco Image Systems Co Ltd ROCO:5438
75 GF Score
Price NT$19.20
GF Value NT$18.58
Valuation Fairly Valued
! 5 Warning Signs
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What is Teco Image Systems Co E10?

Teco Image Systems Co ROCO:5438 -2.54% 75 E10 is NT$1.07 as of Dec. 2025. GuruFocus rates ROCO:5438 with a GF Score™ of 75/100 and a GF Value™ of NT$18.58 (Fairly Valued). 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.

Teco Image Systems Co'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$1.07 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Teco Image Systems Co's average E10 Growth Rate was -11.60% per year. During the past 3 years, the average E10 Growth Rate was -5.60% 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 Teco Image Systems Co was 0.60% per year. The lowest was -5.60% per year. And the median was -0.50% per year.

As of today (2026-07-07), Teco Image Systems Co's current stock price is NT$19.20. Teco Image Systems Co's E10 for the quarter that ended in Dec. 2025 was NT$1.07. Teco Image Systems Co's Shiller PE Ratio of today is 17.94.

During the past 13 years, the highest Shiller PE Ratio of Teco Image Systems Co was 34.02. The lowest was 9.87. And the median was 14.23.


Teco Image Systems Co  (ROCO:5438) 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.

Teco Image Systems Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=19.20/1.07
=17.94

* 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 Teco Image Systems Co was 34.02. The lowest was 9.87. And the median was 14.23.


Be Aware

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


Teco Image Systems Co E10 Related Terms


Teco Image Systems Co E10 Historical Data

* Premium members only.

The historical data trend for Teco Image Systems 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.

Teco Image Systems Co E10 Chart

Teco Image Systems 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 1.19 1.27 1.24 1.21 1.07

Teco Image Systems 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 1.21 1.23 1.19 1.11 1.07

Teco Image Systems Co E10 Competitor Comparison

For the Business Equipment & Supplies subindustry, Teco Image Systems 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.


Teco Image Systems Co Shiller PE Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Teco Image Systems Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Teco Image Systems Co's Shiller PE Ratio falls into.


ROCO:5438
75GF Score
Teco Image Systems Co Ltd ROCO:5438
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Teco Image Systems 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, Teco Image Systems 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)
=-0.21/324.0540*324.0540
=-0.210

Current CPI (Dec. 2025) = 324.0540.

Teco Image Systems Co Quarterly Data

per share eps CPI Adj_EPS
201603 0.180 238.132 0.245
201606 0.210 241.018 0.282
201609 0.890 241.428 1.195
201612 0.310 241.432 0.416
201703 0.210 243.801 0.279
201706 0.510 244.955 0.675
201709 0.930 246.819 1.221
201712 0.310 246.524 0.407
201803 0.300 249.554 0.390
201806 0.080 251.989 0.103
201809 0.740 252.439 0.950
201812 0.310 251.233 0.400
201903 -0.090 254.202 -0.115
201906 0.100 256.143 0.127
201909 0.620 256.759 0.782
201912 -0.190 256.974 -0.240
202003 -0.460 258.115 -0.578
202006 -0.030 257.797 -0.038
202009 0.500 260.280 0.623
202012 0.000 260.474 0.000
202103 0.050 264.877 0.061
202106 0.060 271.696 0.072
202109 0.670 274.310 0.791
202112 -0.210 278.802 -0.244
202203 -0.320 287.504 -0.361
202206 -0.040 296.311 -0.044
202209 1.420 296.808 1.550
202212 -0.250 296.797 -0.273
202303 -0.500 301.836 -0.537
202306 0.260 305.109 0.276
202309 0.640 307.789 0.674
202312 -0.310 306.746 -0.327
202403 -0.050 312.332 -0.052
202406 -0.110 314.175 -0.113
202409 0.810 315.301 0.832
202412 0.450 315.605 0.462
202503 0.130 319.799 0.132
202506 -0.050 322.561 -0.050
202509 0.640 324.800 0.639
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$1.07 mean?
Teco Image Systems Co (ROCO:5438) has a E10 of NT$1.07 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Teco Image Systems Co and its competitors.
Is Teco Image Systems Co's E10 too high?
Teco Image Systems Co's current E10 is NT$1.07. Overall, Teco Image Systems Co has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Teco Image Systems Co's E10 compare to competitors?
Teco Image Systems Co's E10 of NT$1.07 can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good E10 depends on the Industrial Products 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 Teco Image Systems Co and its competitors. Teco Image Systems Co's current E10 is NT$1.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Teco Image Systems Co stock overvalued right now?
Based on GuruFocus' analysis, Teco Image Systems Co (ROCO:5438) is currently considered Fairly Valued. The stock's GF Value™ is NT$18.58, compared to a current price of NT$19.20 — trading 3.3% above its estimated fair value. The current E10 is NT$1.07. Teco Image Systems Co's overall GF Score™ is 75/100 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 Teco Image Systems Co (ROCO:5438), the current E10 is NT$1.07 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 Teco Image Systems Co (ROCO:5438) Overvalued in 2026?

Based on GuruFocus' analysis, Teco Image Systems Co stock appears to be overvalued. The current stock price of NT$19.20 is trading 3.3% above its estimated GF Value™ of NT$18.58. GuruFocus considers Teco Image Systems Co to be Fairly Valued.

Key valuation signals for ROCO:5438:

  • E10: NT$1.07
  • GF Value™: NT$18.58 vs. price of NT$19.20 (3.3% above fair value)
  • GF Score™: 75/100 with 5 warning signs

No single metric tells the full story. See the ROCO:5438 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Teco Image Systems Co Business Description

Address No. 1568-1, Zhongshan Road, 2nd Floor, Section 1, Guanyin, Taoyuan Hsien, TWN
Teco Image Systems Co Ltd is mainly engaged in designing, manufacturing and trading of multifunction printers and modules, label printers, wide format printers, 3D printing, etc. The Group operates business only in a single industry. The company has presence in The People's Republic of China and Hong, Japan, Taiwan, and Others. the company's products includes eBoard, TOUCHACT, MOBILE PRINTING HUB, Color Laser MFP, Monochrome Laser MFP, Mechanical Subsystems, Control Panel, Scan Unit, Printer Controller Card, Printer Network Card, Internet Fax Card, Fax Controller, Copier Controller, etc.
75GF Score

Get the complete analysis for ROCO:5438

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

NT$19.20
Price
NT$18.58
GF Value