First Hi-Tec Co (ROCO:5439) E10: NT$5.03 (As of Dec. 2025)


ROCO:5439 First Hi-Tec Co Ltd ROCO:5439
81 GF Score
Price NT$351.00
GF Value NT$262.45
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is First Hi-Tec Co E10?

First Hi-Tec Co ROCO:5439 +0.86% 81 E10 is NT$5.03 as of Dec. 2025. GuruFocus rates ROCO:5439 with a GF Score™ of 81/100 and a GF Value™ of NT$262.45 (Significantly Overvalued). 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.

First Hi-Tec Co's adjusted earnings per share data for the three months ended in Dec. 2025 was NT$4.030. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$5.03 for the trailing ten years ended in Dec. 2025.

During the past 12 months, First Hi-Tec Co's average E10 Growth Rate was 32.40% per year. During the past 3 years, the average E10 Growth Rate was 16.80% per year. During the past 5 years, the average E10 Growth Rate was 13.80% 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 First Hi-Tec Co was 16.80% per year. The lowest was 7.00% per year. And the median was 11.85% per year.

As of today (2026-07-04), First Hi-Tec Co's current stock price is NT$351.00. First Hi-Tec Co's E10 for the quarter that ended in Dec. 2025 was NT$5.03. First Hi-Tec Co's Shiller PE Ratio of today is 69.78.

During the past 13 years, the highest Shiller PE Ratio of First Hi-Tec Co was 83.65. The lowest was 11.39. And the median was 24.09.


First Hi-Tec Co  (ROCO:5439) 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.

First Hi-Tec Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=351.00/5.03
=69.78

* 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 First Hi-Tec Co was 83.65. The lowest was 11.39. And the median was 24.09.


Be Aware

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


First Hi-Tec Co E10 Related Terms


First Hi-Tec Co E10 Historical Data

* Premium members only.

The historical data trend for First Hi-Tec 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.

First Hi-Tec Co E10 Chart

First Hi-Tec 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 2.79 3.16 3.61 3.80 5.03

First Hi-Tec 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 3.80 3.98 4.16 4.67 5.03

ROCO:5439 vs APH, GLW: E10 Comparison

For the Electronic Components subindustry, First Hi-Tec 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.


First Hi-Tec Co Shiller PE Ratio vs Hardware Industry

For the Hardware industry and Technology sector, First Hi-Tec Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where First Hi-Tec Co's Shiller PE Ratio falls into.


ROCO:5439
81GF Score
First Hi-Tec Co Ltd ROCO:5439
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First Hi-Tec 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, First Hi-Tec 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)
=4.03/324.0540*324.0540
=4.030

Current CPI (Dec. 2025) = 324.0540.

First Hi-Tec Co Quarterly Data

per share eps CPI Adj_EPS
201603 0.592 238.132 0.806
201606 0.800 241.018 1.076
201609 0.454 241.428 0.609
201612 0.652 241.432 0.875
201703 0.504 243.801 0.670
201706 0.681 244.955 0.901
201709 0.632 246.819 0.830
201712 0.454 246.524 0.597
201803 0.642 249.554 0.834
201806 0.968 251.989 1.245
201809 0.859 252.439 1.103
201812 0.869 251.233 1.121
201903 0.662 254.202 0.844
201906 0.741 256.143 0.937
201909 0.583 256.759 0.736
201912 0.543 256.974 0.685
202003 0.849 258.115 1.066
202006 0.908 257.797 1.141
202009 0.710 260.280 0.884
202012 0.910 260.474 1.132
202103 1.120 264.877 1.370
202106 1.340 271.696 1.598
202109 1.120 274.310 1.323
202112 1.000 278.802 1.162
202203 1.110 287.504 1.251
202206 1.050 296.311 1.148
202209 1.020 296.808 1.114
202212 0.770 296.797 0.841
202303 1.200 301.836 1.288
202306 1.510 305.109 1.604
202309 1.600 307.789 1.685
202312 0.730 306.746 0.771
202403 1.080 312.332 1.121
202406 0.970 314.175 1.001
202409 0.450 315.301 0.462
202412 1.010 315.605 1.037
202503 1.930 319.799 1.956
202506 1.870 322.561 1.879
202509 5.590 324.800 5.577
202512 4.030 324.054 4.030

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$5.03 mean?
First Hi-Tec Co (ROCO:5439) has a E10 of NT$5.03 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on First Hi-Tec Co and its competitors.
Is First Hi-Tec Co's E10 too high?
First Hi-Tec Co's current E10 is NT$5.03. Overall, First Hi-Tec Co has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Hi-Tec Co's E10 compare to APH and GLW?
First Hi-Tec Co's E10 of NT$5.03 can be compared against companies in the Hardware 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 Hardware company?
A good E10 depends on the Hardware 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 First Hi-Tec Co and its competitors. First Hi-Tec Co's current E10 is NT$5.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Hi-Tec Co stock overvalued right now?
Based on GuruFocus' analysis, First Hi-Tec Co (ROCO:5439) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$262.45, compared to a current price of NT$351.00 — trading 33.7% above its estimated fair value. The current E10 is NT$5.03. First Hi-Tec Co's overall GF Score™ is 81/100 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 First Hi-Tec Co (ROCO:5439), the current E10 is NT$5.03 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 First Hi-Tec Co (ROCO:5439) Overvalued in 2026?

Based on GuruFocus' analysis, First Hi-Tec Co stock appears to be overvalued. The current stock price of NT$351.00 is trading 33.7% above its estimated GF Value™ of NT$262.45. GuruFocus considers First Hi-Tec Co to be Significantly Overvalued.

Key valuation signals for ROCO:5439:

  • E10: NT$5.03
  • GF Value™: NT$262.45 vs. price of NT$351.00 (33.7% above fair value)
  • GF Score™: 81/100 with 5 warning signs

No single metric tells the full story. See the ROCO:5439 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First Hi-Tec Co Business Description

Address No.3, Lane 43, Xingbang Road, Taoyuan District, Taoyuan City, TWN, 330
First Hi-Tec Co Ltd main business is manufacture and sales of PCB and computer peripherals, etc. The Company is engaged in production and sales of electronic equipment and wholesale of components, etc. The group is only engaged in manufacturing and trading of PCB and computer peripherals, which belong to a single industry, the operating segments and reportable segments are single segment. The company has presence in Taiwan, Asia, and Others. The company generates majority of revenue from Taiwan. The company's products are Automotive, Semiconductor and others, Power Control Modules Robot, Telecom, Layer Counts, Application Type, Capability, and Roadmap.
81GF Score

Get the complete analysis for ROCO:5439

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

NT$351.00
Price
NT$262.45
GF Value