IC Plus (ROCO:8040) E10: NT$-0.30 (As of Dec. 2025)


ROCO:8040 IC Plus Corp ROCO:8040
46 GF Score
Price NT$102.50
GF Value NT$46.13
Valuation Significantly Overvalued
! 1 Warning Sign
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What is IC Plus E10?

IC Plus ROCO:8040 +0.49% 46 E10 is NT$-0.30 as of Dec. 2025. GuruFocus rates ROCO:8040 with a GF Score™ of 46/100 and a GF Value™ of NT$46.13 (Significantly Overvalued). The stock has 1 warning sign 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.

IC Plus's adjusted earnings per share data for the three months ended in Dec. 2025 was NT$-0.154. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$-0.30 for the trailing ten years ended in Dec. 2025.

During the past 3 years, the average E10 Growth Rate was 5.90% per year. During the past 5 years, the average E10 Growth Rate was 20.00% 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 IC Plus was 28.20% per year. The lowest was 5.90% per year. And the median was 17.45% per year.

As of today (2026-07-05), IC Plus's current stock price is NT$102.50. IC Plus's E10 for the quarter that ended in Dec. 2025 was NT$-0.30. IC Plus's Shiller PE Ratio of today is .


IC Plus  (ROCO:8040) 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.


Be Aware

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


IC Plus E10 Related Terms


IC Plus E10 Historical Data

* Premium members only.

The historical data trend for IC Plus'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.

IC Plus E10 Chart

IC Plus 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 -0.61 -0.36 -0.40 -0.37 -0.30

IC Plus 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 -0.37 -0.35 -0.32 -0.30 -0.30

ROCO:8040 vs NVDA, AVGO, MU: E10 Comparison

For the Semiconductors subindustry, IC Plus'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.


IC Plus Shiller PE Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, IC Plus's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where IC Plus's Shiller PE Ratio falls into.


ROCO:8040
46GF Score
IC Plus Corp ROCO:8040
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IC Plus 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, IC Plus'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)
=-0.154/324.0540*324.0540
=-0.154

Current CPI (Dec. 2025) = 324.0540.

IC Plus Quarterly Data

per share eps CPI Adj_EPS
201603 -0.049 238.132 -0.067
201606 -0.037 241.018 -0.050
201609 -0.667 241.428 -0.895
201612 -0.185 241.432 -0.248
201703 -0.284 243.801 -0.377
201706 0.025 244.955 0.033
201709 0.086 246.819 0.113
201712 0.222 246.524 0.292
201803 -0.086 249.554 -0.112
201806 -0.481 251.989 -0.619
201809 -0.444 252.439 -0.570
201812 -0.122 251.233 -0.157
201903 0.480 254.202 0.612
201906 0.390 256.143 0.493
201909 1.430 256.759 1.805
201912 -0.400 256.974 -0.504
202003 -1.820 258.115 -2.285
202006 0.250 257.797 0.314
202009 0.090 260.280 0.112
202012 -0.230 260.474 -0.286
202103 -0.300 264.877 -0.367
202106 0.370 271.696 0.441
202109 0.110 274.310 0.130
202112 0.710 278.802 0.825
202203 0.120 287.504 0.135
202206 0.260 296.311 0.284
202209 0.800 296.808 0.873
202212 1.000 296.797 1.092
202303 0.320 301.836 0.344
202306 -0.550 305.109 -0.584
202309 -0.650 307.789 -0.684
202312 -0.890 306.746 -0.940
202403 -0.770 312.332 -0.799
202406 -0.290 314.175 -0.299
202409 -0.110 315.301 -0.113
202412 -0.314 315.605 -0.322
202503 -0.090 319.799 -0.091
202506 -0.220 322.561 -0.221
202509 -0.140 324.800 -0.140
202512 -0.154 324.054 -0.154

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$-0.30 mean?
IC Plus (ROCO:8040) has a E10 of NT$-0.30 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on IC Plus and its competitors.
Is IC Plus' E10 too high?
IC Plus' current E10 is NT$-0.30. Overall, IC Plus has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IC Plus' E10 compare to NVDA and AVGO?
IC Plus' E10 of NT$-0.30 can be compared against companies in the Semiconductors 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 Semiconductors company?
A good E10 depends on the Semiconductors 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 IC Plus and its competitors. IC Plus's current E10 is NT$-0.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IC Plus stock overvalued right now?
Based on GuruFocus' analysis, IC Plus (ROCO:8040) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$46.13, compared to a current price of NT$102.50 — trading 122.2% above its estimated fair value. The current E10 is NT$-0.30. IC Plus' overall GF Score™ is 46/100 with 1 warning sign 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 IC Plus (ROCO:8040), the current E10 is NT$-0.30 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 IC Plus (ROCO:8040) Overvalued in 2026?

Based on GuruFocus' analysis, IC Plus stock appears to be overvalued. The current stock price of NT$102.50 is trading 122.2% above its estimated GF Value™ of NT$46.13. GuruFocus considers IC Plus to be Significantly Overvalued.

Key valuation signals for ROCO:8040:

  • E10: NT$-0.30
  • GF Value™: NT$46.13 vs. price of NT$102.50 (122.2% above fair value)
  • GF Score™: 46/100 with 1 warning sign

No single metric tells the full story. See the ROCO:8040 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


IC Plus Business Description

Address No. 47, Guangfu Road, 10th Floor, Lane 2, Section 2, East District, Hsinchu, TWN, 30071
IC Plus Corp is a Taiwan-based company engaged in researching, developing, manufacturing, selling, importing, and exporting trading of integrated circuits. The company only has the IC design segment as the single reporting segment. The primary operating activity of the IC design segment is the design of Ethernet integrated circuit products. Its Geographic regions are Taiwan, China, and others, and the majority of the revenue comes from China.
46GF Score

Get the complete analysis for ROCO:8040

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

NT$102.50
Price
NT$46.13
GF Value