Taiwan Thick-Film Ind (ROCO:6246) E10: NT$0.77 (As of Dec. 2025)


ROCO:6246 Taiwan Thick-Film Ind Corp ROCO:6246
59 GF Score
Price NT$16.05
GF Value NT$13.78
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Taiwan Thick-Film Ind E10?

Taiwan Thick-Film Ind ROCO:6246 +3.22% 59 E10 is NT$0.77 as of Dec. 2025. GuruFocus rates ROCO:6246 with a GF Score™ of 59/100 and a GF Value™ of NT$13.78 (Modestly Overvalued). The stock has 3 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.

Taiwan Thick-Film Ind's adjusted earnings per share data for the three months ended in Dec. 2025 was NT$1.180. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$0.77 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Taiwan Thick-Film Ind's average E10 Growth Rate was 92.50% 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 Taiwan Thick-Film Ind was 12.00% per year. The lowest was 12.00% per year. And the median was 12.00% per year.

As of today (2026-07-04), Taiwan Thick-Film Ind's current stock price is NT$16.05. Taiwan Thick-Film Ind's E10 for the quarter that ended in Dec. 2025 was NT$0.77. Taiwan Thick-Film Ind's Shiller PE Ratio of today is 20.84.

During the past 13 years, the highest Shiller PE Ratio of Taiwan Thick-Film Ind was 41.13. The lowest was 15.45. And the median was 20.68.


Taiwan Thick-Film Ind  (ROCO:6246) 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.

Taiwan Thick-Film Ind's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=16.05/0.77
=20.84

* 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 Taiwan Thick-Film Ind was 41.13. The lowest was 15.45. And the median was 20.68.


Be Aware

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


Taiwan Thick-Film Ind E10 Related Terms


Taiwan Thick-Film Ind E10 Historical Data

* Premium members only.

The historical data trend for Taiwan Thick-Film Ind'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.

Taiwan Thick-Film Ind E10 Chart

Taiwan Thick-Film Ind 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 -6.30 0.00 -3.57 0.40 0.77

Taiwan Thick-Film Ind 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 0.40 0.77 0.75 0.66 0.77

ROCO:6246 vs APH, GLW: E10 Comparison

For the Electronic Components subindustry, Taiwan Thick-Film Ind'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.


Taiwan Thick-Film Ind Shiller PE Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Taiwan Thick-Film Ind's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Taiwan Thick-Film Ind's Shiller PE Ratio falls into.


ROCO:6246
59GF Score
Taiwan Thick-Film Ind Corp ROCO:6246
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Taiwan Thick-Film Ind 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, Taiwan Thick-Film Ind'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)
=1.18/324.0540*324.0540
=1.180

Current CPI (Dec. 2025) = 324.0540.

Taiwan Thick-Film Ind Quarterly Data

per share eps CPI Adj_EPS
201603 0.084 238.132 0.114
201606 0.061 241.018 0.082
201609 0.123 241.428 0.165
201612 4.774 241.432 6.408
201703 0.091 243.801 0.121
201706 0.444 244.955 0.587
201709 0.489 246.819 0.642
201712 -0.174 246.524 -0.229
201803 0.255 249.554 0.331
201806 -0.273 251.989 -0.351
201809 0.415 252.439 0.533
201812 0.221 251.233 0.285
201903 -0.520 254.202 -0.663
201906 -0.471 256.143 -0.596
201909 -0.529 256.759 -0.668
201912 -0.598 256.974 -0.754
202003 -0.216 258.115 -0.271
202006 0.196 257.797 0.246
202009 0.039 260.280 0.049
202012 0.370 260.474 0.460
202103 0.343 264.877 0.420
202106 0.275 271.696 0.328
202109 0.216 274.310 0.255
202112 0.039 278.802 0.045
202203 -0.157 287.504 -0.177
202206 0.382 296.311 0.418
202209 0.350 296.808 0.382
202212 0.000 296.797 0.000
202303 -0.310 301.836 -0.333
202306 0.160 305.109 0.170
202309 -0.210 307.789 -0.221
202312 -0.016 306.746 -0.017
202403 -0.440 312.332 -0.457
202406 -0.200 314.175 -0.206
202409 -1.160 315.301 -1.192
202412 0.487 315.605 0.500
202503 -0.390 319.799 -0.395
202506 0.420 322.561 0.422
202509 -0.070 324.800 -0.070
202512 1.180 324.054 1.180

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$0.77 mean?
Taiwan Thick-Film Ind (ROCO:6246) has a E10 of NT$0.77 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Taiwan Thick-Film Ind and its competitors.
Is Taiwan Thick-Film Ind's E10 too high?
Taiwan Thick-Film Ind's current E10 is NT$0.77. Overall, Taiwan Thick-Film Ind has a GF Score™ of 59/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Thick-Film Ind's E10 compare to APH and GLW?
Taiwan Thick-Film Ind's E10 of NT$0.77 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 Taiwan Thick-Film Ind and its competitors. Taiwan Thick-Film Ind's current E10 is NT$0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Thick-Film Ind stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Thick-Film Ind (ROCO:6246) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$13.78, compared to a current price of NT$16.05 — trading 16.5% above its estimated fair value. The current E10 is NT$0.77. Taiwan Thick-Film Ind's overall GF Score™ is 59/100 with 3 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 Taiwan Thick-Film Ind (ROCO:6246), the current E10 is NT$0.77 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 Taiwan Thick-Film Ind (ROCO:6246) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Thick-Film Ind stock appears to be overvalued. The current stock price of NT$16.05 is trading 16.5% above its estimated GF Value™ of NT$13.78. GuruFocus considers Taiwan Thick-Film Ind to be Modestly Overvalued.

Key valuation signals for ROCO:6246:

  • E10: NT$0.77
  • GF Value™: NT$13.78 vs. price of NT$16.05 (16.5% above fair value)
  • GF Score™: 59/100 with 3 warning signs

No single metric tells the full story. See the ROCO:6246 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiwan Thick-Film Ind Business Description

Address Lane 332, Siyuan Road, 3rd Floor, No. 7, Xinzhuang District, Taipei City, TWN
Taiwan Thick-Film Ind Corp is engaged in manufacturing, processing and trading of electronic components such as backlight modules, transformers and light source sets. Its products include LED Backlight Module, Light Guide Plates, Plastic Box, LED Light Bars, Transformers, small Motors, and Cover Lens.
59GF Score

Get the complete analysis for ROCO:6246

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

NT$16.05
Price
NT$13.78
GF Value