Shanghai Belling Co (SHSE:600171) E10: ¥0.42 (As of Mar. 2026)

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Vera Yuan
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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.
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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.

SHSE:600171 Shanghai Belling Co Ltd SHSE:600171
67 GF Score
Price ¥23.45
GF Value ¥29.89
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Shanghai Belling Co E10?

Shanghai Belling Co SHSE:600171 +4.27% 67 E10 is ¥0.42 as of Mar. 2026. GuruFocus rates SHSE:600171 with a GF Score™ of 67/100 and a GF Value™ of ¥29.89 (Modestly Undervalued). 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.

Shanghai Belling Co's adjusted earnings per share data for the three months ended in Mar. 2026 was ¥0.032. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ¥0.42 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Shanghai Belling Co's average E10 Growth Rate was 5.00% per year. During the past 3 years, the average E10 Growth Rate was 5.30% per year. During the past 5 years, the average E10 Growth Rate was 13.50% per year. During the past 10 years, the average E10 Growth Rate was 49.40% 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 Shanghai Belling Co was 135.10% per year. The lowest was -37.00% per year. And the median was 14.20% per year.

As of today (2026-07-21), Shanghai Belling Co's current stock price is ¥23.45. Shanghai Belling Co's E10 for the quarter that ended in Mar. 2026 was ¥0.42. Shanghai Belling Co's Shiller PE Ratio of today is 55.83.

During the past 13 years, the highest Shiller PE Ratio of Shanghai Belling Co was 1781.00. The lowest was 32.20. And the median was 102.56.


Shanghai Belling Co  (SHSE:600171) 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.

Shanghai Belling Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=23.45/0.42
=55.83

* 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 Shanghai Belling Co was 1781.00. The lowest was 32.20. And the median was 102.56.


Be Aware

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


Shanghai Belling Co E10 Related Terms


Shanghai Belling Co E10 Historical Data

* Premium members only.

The historical data trend for Shanghai Belling 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.

Shanghai Belling Co E10 Chart

Shanghai Belling 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 0.30 0.36 0.34 0.39 0.42

Shanghai Belling Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.41 0.42 0.42 0.42

SHSE:600171 vs NVDA, AVGO, MU: E10 Comparison

For the Semiconductors subindustry, Shanghai Belling 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.


Shanghai Belling Co Shiller PE Ratio vs Semiconductors Industry

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

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


SHSE:600171
67GF Score
Shanghai Belling Co Ltd SHSE:600171
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shanghai Belling 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, Shanghai Belling Co's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.032/116.3033*116.3033
=0.032

Current CPI (Mar. 2026) = 116.3033.

Shanghai Belling Co Quarterly Data

per share eps CPI Adj_EPS
201606 0.025 101.400 0.029
201609 0.017 102.400 0.019
201612 0.002 102.600 0.002
201703 0.022 103.200 0.025
201706 0.176 103.100 0.199
201709 0.028 104.100 0.031
201712 0.034 104.500 0.038
201803 0.026 105.300 0.029
201806 0.079 104.900 0.088
201809 0.036 106.600 0.039
201812 0.069 106.500 0.075
201903 0.140 107.700 0.151
201906 0.064 107.700 0.069
201909 0.044 109.800 0.047
201912 0.109 111.200 0.114
202003 0.060 112.300 0.062
202006 0.068 110.400 0.072
202009 0.061 111.700 0.064
202012 0.560 111.500 0.584
202103 0.200 112.662 0.206
202106 0.360 111.769 0.375
202109 0.160 112.215 0.166
202112 0.310 113.108 0.319
202203 0.202 114.335 0.205
202206 0.228 114.558 0.231
202209 0.090 115.339 0.091
202212 0.050 115.116 0.051
202303 0.046 115.116 0.046
202306 -0.136 114.558 -0.138
202309 -0.090 115.339 -0.091
202312 0.090 114.781 0.091
202403 0.052 115.227 0.052
202406 0.138 114.781 0.140
202409 0.150 115.785 0.151
202412 0.220 114.893 0.223
202503 0.054 115.116 0.055
202506 0.136 114.907 0.138
202509 0.100 115.471 0.101
202512 0.040 115.832 0.040
202603 0.032 116.303 0.032

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 ¥0.42 mean?
Shanghai Belling Co (SHSE:600171) has a E10 of ¥0.42 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Shanghai Belling Co and its competitors.
Is Shanghai Belling Co's E10 too high?
Shanghai Belling Co's current E10 is ¥0.42. Overall, Shanghai Belling Co has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Belling Co's E10 compare to NVDA and AVGO?
Shanghai Belling Co's E10 of ¥0.42 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 Shanghai Belling Co and its competitors. Shanghai Belling Co's current E10 is ¥0.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Belling Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Belling Co (SHSE:600171) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥29.89, compared to a current price of ¥23.45 — trading 21.5% below its estimated fair value. The current E10 is ¥0.42. Shanghai Belling Co's overall GF Score™ is 67/100 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 Shanghai Belling Co (SHSE:600171), the current E10 is ¥0.42 as of Mar. 2026. 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 Shanghai Belling Co (SHSE:600171) Overvalued in 2026?

Based on GuruFocus' analysis, Shanghai Belling Co stock appears to be undervalued. The current stock price of ¥23.45 is trading 21.5% below its estimated GF Value™ of ¥29.89. GuruFocus considers Shanghai Belling Co to be Modestly Undervalued.

Key valuation signals for SHSE:600171:

  • E10: ¥0.42
  • GF Value™: ¥29.89 vs. price of ¥23.45 (21.5% below fair value)
  • GF Score™: 67/100 with 3 warning signs

No single metric tells the full story. See the SHSE:600171 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shanghai Belling Co Business Description

Address No. 810 Yishan Road, Caohejing Development Zone, Shanghai, Shanghai, CHN, 200233
Shanghai Belling Co Ltd operates in the IC industry in the People's Republic of China. Its products include power management, AC/DC converters, electric energy metering circuits, LED drive ICs, interface circuits, ADC circuits, MCU, EEPROM, MOSFET and discrete devices, and smoke detector circuits.
67GF Score

Get the complete analysis for SHSE:600171

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

¥23.45
Price
¥29.89
GF Value