TienPin United Enterprise Co (ROCO:6199) E10: NT$0.36 (As of Dec. 2025)

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ROCO:6199 TienPin United Enterprise Co Ltd ROCO:6199
85 GF Score
Price NT$104.00
GF Value NT$143.77
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is TienPin United Enterprise Co E10?

TienPin United Enterprise Co ROCO:6199 +1.46% 85 E10 is NT$0.36 as of Dec. 2025. GuruFocus rates ROCO:6199 with a GF Score™ of 85/100 and a GF Value™ of NT$143.77 (Modestly Undervalued). 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.

TienPin United Enterprise Co's adjusted earnings per share data for the three months ended in Dec. 2025 was NT$-0.140. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$0.36 for the trailing ten years ended in Dec. 2025.

During the past 12 months, TienPin United Enterprise Co's average E10 Growth Rate was -5.30% per year. During the past 3 years, the average E10 Growth Rate was 11.50% 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 TienPin United Enterprise Co was 30.80% per year. The lowest was 11.50% per year. And the median was 21.15% per year.

As of today (2026-07-16), TienPin United Enterprise Co's current stock price is NT$104.00. TienPin United Enterprise Co's E10 for the quarter that ended in Dec. 2025 was NT$0.36. TienPin United Enterprise Co's Shiller PE Ratio of today is 288.89.

During the past 13 years, the highest Shiller PE Ratio of TienPin United Enterprise Co was 394.29. The lowest was 51.09. And the median was 78.19.


TienPin United Enterprise Co  (ROCO:6199) 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.

TienPin United Enterprise Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=104.00/0.36
=288.89

* 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 TienPin United Enterprise Co was 394.29. The lowest was 51.09. And the median was 78.19.


Be Aware

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


TienPin United Enterprise Co E10 Related Terms


TienPin United Enterprise Co E10 Historical Data

* Premium members only.

The historical data trend for TienPin United Enterprise 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.

TienPin United Enterprise Co E10 Chart

TienPin United Enterprise 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 0.00 0.26 0.38 0.38 0.36

TienPin United Enterprise 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 0.38 0.35 0.33 0.43 0.36

ROCO:6199 vs SNDK, DELL, STX: E10 Comparison

For the Computer Hardware subindustry, TienPin United Enterprise 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.


TienPin United Enterprise Co Shiller PE Ratio vs Hardware Industry

For the Hardware industry and Technology sector, TienPin United Enterprise Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where TienPin United Enterprise Co's Shiller PE Ratio falls into.


ROCO:6199
85GF Score
TienPin United Enterprise Co Ltd ROCO:6199
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TienPin United Enterprise 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, TienPin United Enterprise 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)
=-0.14/324.0540*324.0540
=-0.140

Current CPI (Dec. 2025) = 324.0540.

TienPin United Enterprise Co Quarterly Data

per share eps CPI Adj_EPS
201603 0.040 238.132 0.054
201606 0.010 241.018 0.013
201609 0.020 241.428 0.027
201612 0.080 241.432 0.107
201703 0.040 243.801 0.053
201706 0.210 244.955 0.278
201709 0.150 246.819 0.197
201712 0.160 246.524 0.210
201803 0.670 249.554 0.870
201806 -0.250 251.989 -0.321
201809 0.140 252.439 0.180
201812 -0.350 251.233 -0.451
201903 -0.060 254.202 -0.076
201906 -0.020 256.143 -0.025
201909 -0.110 256.759 -0.139
201912 0.270 256.974 0.340
202003 -0.600 258.115 -0.753
202006 0.030 257.797 0.038
202009 0.080 260.280 0.100
202012 0.410 260.474 0.510
202103 -0.040 264.877 -0.049
202106 1.420 271.696 1.694
202109 -0.700 274.310 -0.827
202112 0.000 278.802 0.000
202203 0.540 287.504 0.609
202206 -0.660 296.311 -0.722
202209 -0.320 296.808 -0.349
202212 0.410 296.797 0.448
202303 0.050 301.836 0.054
202306 0.020 305.109 0.021
202309 0.060 307.789 0.063
202312 0.370 306.746 0.391
202403 -0.090 312.332 -0.093
202406 0.160 314.175 0.165
202409 0.620 315.301 0.637
202412 -0.080 315.605 -0.082
202503 -0.180 319.799 -0.182
202506 -0.160 322.561 -0.161
202509 0.800 324.800 0.798
202512 -0.140 324.054 -0.140

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$0.36 mean?
TienPin United Enterprise Co (ROCO:6199) has a E10 of NT$0.36 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on TienPin United Enterprise Co and its competitors.
Is TienPin United Enterprise Co's E10 too high?
TienPin United Enterprise Co's current E10 is NT$0.36. Overall, TienPin United Enterprise Co has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TienPin United Enterprise Co's E10 compare to SNDK and DELL?
TienPin United Enterprise Co's E10 of NT$0.36 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 TienPin United Enterprise Co and its competitors. TienPin United Enterprise Co's current E10 is NT$0.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TienPin United Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, TienPin United Enterprise Co (ROCO:6199) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$143.77, compared to a current price of NT$104.00 — trading 27.7% below its estimated fair value. The current E10 is NT$0.36. TienPin United Enterprise Co's overall GF Score™ is 85/100 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 TienPin United Enterprise Co (ROCO:6199), the current E10 is NT$0.36 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 TienPin United Enterprise Co (ROCO:6199) Overvalued in 2026?

Based on GuruFocus' analysis, TienPin United Enterprise Co stock appears to be undervalued. The current stock price of NT$104.00 is trading 27.7% below its estimated GF Value™ of NT$143.77. GuruFocus considers TienPin United Enterprise Co to be Modestly Undervalued.

Key valuation signals for ROCO:6199:

  • E10: NT$0.36
  • GF Value™: NT$143.77 vs. price of NT$104.00 (27.7% below fair value)
  • GF Score™: 85/100 with 2 warning signs

No single metric tells the full story. See the ROCO:6199 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TienPin United Enterprise Co Business Description

Address No. 657, Bannan Road, 8th Floor, Zhongli District, New Taipei City, TWN
TienPin United Enterprise Co Ltd is a flash storage manufacturer, specializing in portable storage products. It designs and manufactures products using USB 2.0, PCMCIA, ExpressCard, FireWire, SDIO and CompactFlash interfaces. Its products include a lash card reader/writer, flash card adapter, Digital Photo Frame, Digital Signage, LCD TV Player Module, fingerprint device, and flash drive.
85GF Score

Get the complete analysis for ROCO:6199

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

NT$104.00
Price
NT$143.77
GF Value