Globe Industries (TPE:1324) E10: NT$0.25 (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.

TPE:1324 Globe Industries Corp TPE:1324
65 GF Score
Price NT$10.35
GF Value NT$9.89
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Globe Industries E10?

Globe Industries TPE:1324 65 E10 is NT$0.25 as of Dec. 2025. GuruFocus rates TPE:1324 with a GF Score™ of 65/100 and a GF Value™ of NT$9.89 (Fairly Valued). 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.

Globe Industries's adjusted earnings per share data for the three months ended in Dec. 2025 was NT$-0.160. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$0.25 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Globe Industries's average E10 Growth Rate was -40.50% per year. During the past 3 years, the average E10 Growth Rate was -19.50% per year. During the past 5 years, the average E10 Growth Rate was -12.70% 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 Globe Industries was -5.60% per year. The lowest was -19.50% per year. And the median was -7.95% per year.

As of today (2026-07-14), Globe Industries's current stock price is NT$10.35. Globe Industries's E10 for the quarter that ended in Dec. 2025 was NT$0.25. Globe Industries's Shiller PE Ratio of today is 41.40.

During the past 13 years, the highest Shiller PE Ratio of Globe Industries was 46.40. The lowest was 12.02. And the median was 23.54.


Globe Industries  (TPE:1324) 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.

Globe Industries's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=10.35/0.25
=41.40

* 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 Globe Industries was 46.40. The lowest was 12.02. And the median was 23.54.


Be Aware

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


Globe Industries E10 Related Terms


Globe Industries E10 Historical Data

* Premium members only.

The historical data trend for Globe Industries'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.

Globe Industries E10 Chart

Globe Industries 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 0.50 0.48 0.47 0.42 0.25

Globe Industries 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 0.42 0.41 0.34 0.29 0.25

Globe Industries E10 Competitor Comparison

For the Business Equipment & Supplies subindustry, Globe Industries'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.


Globe Industries Shiller PE Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Globe Industries's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Globe Industries's Shiller PE Ratio falls into.


TPE:1324
65GF Score
Globe Industries Corp TPE:1324
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Globe Industries 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, Globe Industries'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)
=-0.16/324.0540*324.0540
=-0.160

Current CPI (Dec. 2025) = 324.0540.

Globe Industries Quarterly Data

per share eps CPI Adj_EPS
201603 0.230 238.132 0.313
201606 0.290 241.018 0.390
201609 0.140 241.428 0.188
201612 0.200 241.432 0.268
201703 1.020 243.801 1.356
201706 -0.200 244.955 -0.265
201709 -0.030 246.819 -0.039
201712 0.010 246.524 0.013
201803 -0.070 249.554 -0.091
201806 0.090 251.989 0.116
201809 0.040 252.439 0.051
201812 -0.035 251.233 -0.045
201903 -0.050 254.202 -0.064
201906 0.060 256.143 0.076
201909 -0.030 256.759 -0.038
201912 0.060 256.974 0.076
202003 0.110 258.115 0.138
202006 -0.010 257.797 -0.013
202009 0.050 260.280 0.062
202012 0.060 260.474 0.075
202103 -0.040 264.877 -0.049
202106 -0.001 271.696 -0.001
202109 -0.050 274.310 -0.059
202112 0.100 278.802 0.116
202203 -0.030 287.504 -0.034
202206 -0.020 296.311 -0.022
202209 -0.010 296.808 -0.011
202212 0.120 296.797 0.131
202303 0.090 301.836 0.097
202306 0.120 305.109 0.127
202309 0.240 307.789 0.253
202312 0.070 306.746 0.074
202403 0.003 312.332 0.003
202406 0.020 314.175 0.021
202409 -0.030 315.301 -0.031
202412 0.100 315.605 0.103
202503 -0.080 319.799 -0.081
202506 -0.450 322.561 -0.452
202509 -0.130 324.800 -0.130
202512 -0.160 324.054 -0.160

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$0.25 mean?
Globe Industries (TPE:1324) has a E10 of NT$0.25 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Globe Industries and its competitors.
Is Globe Industries' E10 too high?
Globe Industries' current E10 is NT$0.25. Overall, Globe Industries has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Globe Industries' E10 compare to competitors?
Globe Industries' E10 of NT$0.25 can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good E10 depends on the Industrial Products 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 Globe Industries and its competitors. Globe Industries's current E10 is NT$0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Globe Industries stock overvalued right now?
Based on GuruFocus' analysis, Globe Industries (TPE:1324) is currently considered Fairly Valued. The stock's GF Value™ is NT$9.89, compared to a current price of NT$10.35 — trading 4.7% above its estimated fair value. The current E10 is NT$0.25. Globe Industries' overall GF Score™ is 65/100 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 Globe Industries (TPE:1324), the current E10 is NT$0.25 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 Globe Industries (TPE:1324) Overvalued in 2026?

Based on GuruFocus' analysis, Globe Industries stock appears to be overvalued. The current stock price of NT$10.35 is trading 4.7% above its estimated GF Value™ of NT$9.89. GuruFocus considers Globe Industries to be Fairly Valued.

Key valuation signals for TPE:1324:

  • E10: NT$0.25
  • GF Value™: NT$9.89 vs. price of NT$10.35 (4.7% above fair value)
  • GF Score™: 65/100 with 3 warning signs

No single metric tells the full story. See the TPE:1324 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Globe Industries Business Description

Address Nanjing East Road, 7th Floor, No. 61, Section 3, Zhongshan District, Taipei, TWN, 104507
Globe Industries Corp is a manufacturer of different tapes. The products offered by the company include PVC electrical insulating tape, protective tape, masking tape, foil tape, and packaging tape, among others. Geographically, the company generates a majority of its revenue from its business in Taiwan and the rest from Africa, the Middle East, East Asia, and other regions.
65GF Score

Get the complete analysis for TPE:1324

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

NT$10.35
Price
NT$9.89
GF Value