Appro Photoelectron (ROCO:6560) E10: NT$2.01 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ROCO:6560 Appro Photoelectron Inc ROCO:6560
69 GF Score
Price NT$35.40
GF Value NT$44.15
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Appro Photoelectron E10?

Appro Photoelectron ROCO:6560 -0.42% 69 E10 is NT$2.01 as of Dec. 2025. GuruFocus rates ROCO:6560 with a GF Score™ of 69/100 and a GF Value™ of NT$44.15 (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.

Appro Photoelectron's adjusted earnings per share data for the three months ended in Dec. 2025 was NT$0.720. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$2.01 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Appro Photoelectron's average E10 Growth Rate was -11.10% 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.

As of today (2026-07-16), Appro Photoelectron's current stock price is NT$35.40. Appro Photoelectron's E10 for the quarter that ended in Dec. 2025 was NT$2.01. Appro Photoelectron's Shiller PE Ratio of today is 17.61.

During the past 13 years, the highest Shiller PE Ratio of Appro Photoelectron was 22.58. The lowest was 11.78. And the median was 18.99.


Appro Photoelectron  (ROCO:6560) 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.

Appro Photoelectron's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=35.40/2.01
=17.61

* 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 Appro Photoelectron was 22.58. The lowest was 11.78. And the median was 18.99.


Be Aware

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


Appro Photoelectron E10 Related Terms


Appro Photoelectron E10 Historical Data

* Premium members only.

The historical data trend for Appro Photoelectron'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.

Appro Photoelectron E10 Chart

Appro Photoelectron 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 0.00 0.00 2.26 2.01

Appro Photoelectron 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 2.26 2.25 2.07 2.00 2.01

ROCO:6560 vs APH, GLW: E10 Comparison

For the Electronic Components subindustry, Appro Photoelectron'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.


Appro Photoelectron Shiller PE Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Appro Photoelectron's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Appro Photoelectron's Shiller PE Ratio falls into.


ROCO:6560
69GF Score
Appro Photoelectron Inc ROCO:6560
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Appro Photoelectron 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, Appro Photoelectron'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)
=0.72/324.0540*324.0540
=0.720

Current CPI (Dec. 2025) = 324.0540.

Appro Photoelectron Quarterly Data

per share eps CPI Adj_EPS
201603 0.440 238.132 0.599
201606 0.496 241.018 0.667
201609 0.391 241.428 0.525
201612 0.384 241.432 0.515
201703 -0.664 243.801 -0.883
201706 0.196 244.955 0.259
201709 0.021 246.819 0.028
201712 -0.063 246.524 -0.083
201803 0.091 249.554 0.118
201806 1.125 251.989 1.447
201809 0.754 252.439 0.968
201812 0.475 251.233 0.613
201903 0.133 254.202 0.170
201906 0.803 256.143 1.016
201909 0.168 256.759 0.212
201912 0.077 256.974 0.097
202003 0.126 258.115 0.158
202006 0.433 257.797 0.544
202009 1.512 260.280 1.882
202012 2.176 260.474 2.707
202103 1.800 264.877 2.202
202106 1.376 271.696 1.641
202109 2.450 274.310 2.894
202112 1.420 278.802 1.650
202203 0.830 287.504 0.936
202206 0.390 296.311 0.427
202209 0.370 296.808 0.404
202212 -0.310 296.797 -0.338
202303 -0.310 301.836 -0.333
202306 0.060 305.109 0.064
202309 0.320 307.789 0.337
202312 -0.820 306.746 -0.866
202403 0.090 312.332 0.093
202406 -0.430 314.175 -0.444
202409 -0.280 315.301 -0.288
202412 0.360 315.605 0.370
202503 0.200 319.799 0.203
202506 -1.430 322.561 -1.437
202509 0.350 324.800 0.349
202512 0.720 324.054 0.720

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$2.01 mean?
Appro Photoelectron (ROCO:6560) has a E10 of NT$2.01 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Appro Photoelectron and its competitors.
Is Appro Photoelectron's E10 too high?
Appro Photoelectron's current E10 is NT$2.01. Overall, Appro Photoelectron has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Appro Photoelectron's E10 compare to APH and GLW?
Appro Photoelectron's E10 of NT$2.01 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 Appro Photoelectron and its competitors. Appro Photoelectron's current E10 is NT$2.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Appro Photoelectron stock overvalued right now?
Based on GuruFocus' analysis, Appro Photoelectron (ROCO:6560) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$44.15, compared to a current price of NT$35.40 — trading 19.8% below its estimated fair value. The current E10 is NT$2.01. Appro Photoelectron's overall GF Score™ is 69/100 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 Appro Photoelectron (ROCO:6560), the current E10 is NT$2.01 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 Appro Photoelectron (ROCO:6560) Overvalued in 2026?

Based on GuruFocus' analysis, Appro Photoelectron stock appears to be undervalued. The current stock price of NT$35.40 is trading 19.8% below its estimated GF Value™ of NT$44.15. GuruFocus considers Appro Photoelectron to be Modestly Undervalued.

Key valuation signals for ROCO:6560:

  • E10: NT$2.01
  • GF Value™: NT$44.15 vs. price of NT$35.40 (19.8% below fair value)
  • GF Score™: 69/100 with 2 warning signs

No single metric tells the full story. See the ROCO:6560 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Appro Photoelectron Business Description

Address 6th Floor, Number 23, Siyuan Road, Xinzhuang District, New Taipei City, Taipei, TWN, 242
Appro Photoelectron Inc operates as a design house for image products. The company helps its customers to develop products using TI digital signal process as its core system. Its products include NVIDIA Jetson TX1/TX2 Sensor module solution, Body Worn Camera Solution, Car DVR Solution, and Image Related Product.
69GF Score

Get the complete analysis for ROCO:6560

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

NT$35.40
Price
NT$44.15
GF Value