Yuanta Futures Co (ROCO:6023) E10: NT$4.93 (As of Dec. 2025)

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ROCO:6023 Yuanta Futures Co Ltd ROCO:6023
69 GF Score
Price NT$87.10
GF Value NT$63.50
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Yuanta Futures Co E10?

Yuanta Futures Co ROCO:6023 -0.34% 69 E10 is NT$4.93 as of Dec. 2025. GuruFocus rates ROCO:6023 with a GF Score™ of 69/100 and a GF Value™ of NT$63.50 (Significantly Overvalued). The stock has 8 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.

Yuanta Futures Co's adjusted earnings per share data for the three months ended in Dec. 2025 was NT$1.757. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$4.93 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Yuanta Futures Co's average E10 Growth Rate was 10.50% per year. During the past 3 years, the average E10 Growth Rate was 9.70% per year. During the past 5 years, the average E10 Growth Rate was 8.50% 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 Yuanta Futures Co was 9.70% per year. The lowest was 4.20% per year. And the median was 7.30% per year.

As of today (2026-07-24), Yuanta Futures Co's current stock price is NT$87.10. Yuanta Futures Co's E10 for the quarter that ended in Dec. 2025 was NT$4.93. Yuanta Futures Co's Shiller PE Ratio of today is 17.67.

During the past 13 years, the highest Shiller PE Ratio of Yuanta Futures Co was 19.39. The lowest was 10.74. And the median was 13.44.


Yuanta Futures Co  (ROCO:6023) 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.

Yuanta Futures Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=87.10/4.93
=17.67

* 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 Yuanta Futures Co was 19.39. The lowest was 10.74. And the median was 13.44.


Be Aware

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


Yuanta Futures Co E10 Related Terms


Yuanta Futures Co E10 Historical Data

* Premium members only.

The historical data trend for Yuanta Futures 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.

Yuanta Futures Co E10 Chart

Yuanta Futures 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 3.45 3.73 4.10 4.46 4.93

Yuanta Futures 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 4.46 4.63 4.77 4.87 4.93

ROCO:6023 vs MS, GS, SCHW: E10 Comparison

For the Capital Markets subindustry, Yuanta Futures 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.


Yuanta Futures Co Shiller PE Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Yuanta Futures Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Yuanta Futures Co's Shiller PE Ratio falls into.


ROCO:6023
69GF Score
Yuanta Futures Co Ltd ROCO:6023
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Yuanta Futures 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, Yuanta Futures 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)
=1.757/324.0540*324.0540
=1.757

Current CPI (Dec. 2025) = 324.0540.

Yuanta Futures Co Quarterly Data

per share eps CPI Adj_EPS
201603 0.752 238.132 1.023
201606 0.844 241.018 1.135
201609 0.644 241.428 0.864
201612 0.764 241.432 1.025
201703 0.585 243.801 0.778
201706 0.652 244.955 0.863
201709 0.961 246.819 1.262
201712 0.933 246.524 1.226
201803 0.744 249.554 0.966
201806 0.811 251.989 1.043
201809 0.911 252.439 1.169
201812 1.137 251.233 1.467
201903 0.918 254.202 1.170
201906 1.222 256.143 1.546
201909 1.137 256.759 1.435
201912 0.918 256.974 1.158
202003 1.055 258.115 1.325
202006 1.038 257.797 1.305
202009 0.952 260.280 1.185
202012 0.583 260.474 0.725
202103 0.626 264.877 0.766
202106 0.669 271.696 0.798
202109 0.875 274.310 1.034
202112 0.378 278.802 0.439
202203 0.498 287.504 0.561
202206 0.841 296.311 0.920
202209 1.098 296.808 1.199
202212 0.952 296.797 1.039
202303 1.073 301.836 1.152
202306 1.682 305.109 1.786
202309 1.442 307.789 1.518
202312 1.287 306.746 1.360
202403 1.591 312.332 1.651
202406 1.348 314.175 1.390
202409 1.870 315.301 1.922
202412 1.687 315.605 1.732
202503 1.809 319.799 1.833
202506 1.861 322.561 1.870
202509 1.922 324.800 1.918
202512 1.757 324.054 1.757

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$4.93 mean?
Yuanta Futures Co (ROCO:6023) has a E10 of NT$4.93 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Yuanta Futures Co and its competitors.
Is Yuanta Futures Co's E10 too high?
Yuanta Futures Co's current E10 is NT$4.93. Overall, Yuanta Futures Co has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Yuanta Futures Co's E10 compare to MS and GS?
Yuanta Futures Co's E10 of NT$4.93 can be compared against companies in the Capital Markets 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 Capital Markets company?
A good E10 depends on the Capital Markets 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 Yuanta Futures Co and its competitors. Yuanta Futures Co's current E10 is NT$4.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yuanta Futures Co stock overvalued right now?
Based on GuruFocus' analysis, Yuanta Futures Co (ROCO:6023) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$63.50, compared to a current price of NT$87.10 — trading 37.2% above its estimated fair value. The current E10 is NT$4.93. Yuanta Futures Co's overall GF Score™ is 69/100 with 8 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 Yuanta Futures Co (ROCO:6023), the current E10 is NT$4.93 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 Yuanta Futures Co (ROCO:6023) Overvalued in 2026?

Based on GuruFocus' analysis, Yuanta Futures Co stock appears to be overvalued. The current stock price of NT$87.10 is trading 37.2% above its estimated GF Value™ of NT$63.50. GuruFocus considers Yuanta Futures Co to be Significantly Overvalued.

Key valuation signals for ROCO:6023:

  • E10: NT$4.93
  • GF Value™: NT$63.50 vs. price of NT$87.10 (37.2% above fair value)
  • GF Score™: 69/100 with 8 warning signs

No single metric tells the full story. See the ROCO:6023 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Yuanta Futures Co Business Description

Address Nanjing East Road, 2nd, 3rd, 4th, and 5thFloor, No. 77, Section 2, Zhongshan District, Taipei, TWN, 104089
Yuanta Futures Co Ltd is Taiwan's futures company. The company is engaged in onshore and offshore futures brokerage business, futures dealing, futures consulting, futures business management, securities dealing, leverage transaction merchant, and a variety of futures-related businesses. Its operating segments include: Brokerage segment, Dealing segment, and Other segment. The company derives maximum revenue from Brokerage segment. Geographically, the company has its presence in Taiwan, Asia (excluding Taiwan), Europe, America and Other.
69GF Score

Get the complete analysis for ROCO:6023

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

NT$87.10
Price
NT$63.50
GF Value