Victory New Materials Co (TPE:1340) E10: NT$-1.36 (As of Mar. 2026)

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:1340 Victory New Materials Ltd Co TPE:1340
42 GF Score
Price NT$5.23
GF Value NT$2.58
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Victory New Materials Co E10?

Victory New Materials Co TPE:1340 -0.38% 42 E10 is NT$-1.36 as of Mar. 2026. GuruFocus rates TPE:1340 with a GF Score™ of 42/100 and a GF Value™ of NT$2.58 (Significantly Overvalued). The stock has 6 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.

Victory New Materials Co's adjusted earnings per share data for the three months ended in Mar. 2026 was NT$-0.300. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$-1.36 for the trailing ten years ended in Mar. 2026.

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 (2026-08-28), Victory New Materials Co's current stock price is NT$5.23. Victory New Materials Co's E10 for the quarter that ended in Mar. 2026 was NT$-1.36. Victory New Materials Co's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Victory New Materials Co was 50.00. The lowest was 3.66. And the median was 6.81.


Victory New Materials Co  (TPE:1340) 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.

During the past 13 years, the highest Shiller P/E Ratio of Victory New Materials Co was 50.00. The lowest was 3.66. And the median was 6.81.


Be Aware

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


Victory New Materials Co E10 Related Terms


Victory New Materials Co E10 Historical Data

* Premium members only.

The historical data trend for Victory New Materials 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.

Victory New Materials Co E10 Chart

Victory New Materials 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 2.84 2.16 0.96 -0.28 -1.19

Victory New Materials 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 -0.42 -0.63 -0.86 -1.19 -1.36

TPE:1340 vs NKE, DECK, ONON: E10 Comparison

For the Footwear & Accessories subindustry, Victory New Materials 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.


Victory New Materials Co Shiller PE Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Victory New Materials Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Victory New Materials Co's Shiller PE Ratio falls into.


TPE:1340
42GF Score
Victory New Materials Ltd Co TPE:1340
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Victory New Materials 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, Victory New Materials 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)
=-0.3/116.3033*116.3033
=-0.300

Current CPI (Mar. 2026) = 116.3033.

Victory New Materials Co Quarterly Data

per share eps CPI Adj_EPS
201606 1.781 101.400 2.043
201609 1.636 102.400 1.858
201612 1.215 102.600 1.377
201703 0.669 103.200 0.754
201706 1.595 103.100 1.799
201709 1.827 104.100 2.041
201712 1.423 104.500 1.584
201803 0.482 105.300 0.532
201806 0.664 104.900 0.736
201809 0.190 106.600 0.207
201812 -0.452 106.500 -0.494
201903 -0.240 107.700 -0.259
201906 -0.480 107.700 -0.518
201909 -0.680 109.800 -0.720
201912 -1.470 111.200 -1.537
202003 -0.580 112.300 -0.601
202006 -0.540 110.400 -0.569
202009 -0.660 111.700 -0.687
202012 -0.770 111.500 -0.803
202103 -0.480 112.662 -0.496
202106 -0.780 111.769 -0.812
202109 -0.840 112.215 -0.871
202112 -1.260 113.108 -1.296
202203 -0.630 114.335 -0.641
202206 -0.680 114.558 -0.690
202209 -0.770 115.339 -0.776
202212 -0.732 115.116 -0.740
202303 -0.550 115.116 -0.556
202306 -0.640 114.558 -0.650
202309 -0.680 115.339 -0.686
202312 -3.770 114.781 -3.820
202403 -0.660 115.227 -0.666
202406 -0.770 114.781 -0.780
202409 -0.890 115.785 -0.894
202412 -2.967 114.893 -3.003
202503 -0.270 115.116 -0.273
202506 -0.420 114.907 -0.425
202509 -0.260 115.471 -0.262
202512 -1.660 115.832 -1.667
202603 -0.300 116.303 -0.300

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$-1.36 mean?
Victory New Materials Co (TPE:1340) has a E10 of NT$-1.36 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Victory New Materials Co and its competitors.
Is Victory New Materials Co's E10 too high?
Victory New Materials Co's current E10 is NT$-1.36. Overall, Victory New Materials Co has a GF Score™ of 42/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Victory New Materials Co's E10 compare to NKE and DECK?
Victory New Materials Co's E10 of NT$-1.36 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good E10 depends on the Manufacturing - Apparel & Accessories 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 Victory New Materials Co and its competitors. Victory New Materials Co's current E10 is NT$-1.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Victory New Materials Co stock overvalued right now?
Based on GuruFocus' analysis, Victory New Materials Co (TPE:1340) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$2.58, compared to a current price of NT$5.23 — trading 102.7% above its estimated fair value. The current E10 is NT$-1.36. Victory New Materials Co's overall GF Score™ is 42/100 with 6 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 Victory New Materials Co (TPE:1340), the current E10 is NT$-1.36 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 Victory New Materials Co (TPE:1340) Overvalued in 2026?

Based on GuruFocus' analysis, Victory New Materials Co stock appears to be overvalued. The current stock price of NT$5.23 is trading 102.7% above its estimated GF Value™ of NT$2.58. GuruFocus considers Victory New Materials Co to be Significantly Overvalued.

Key valuation signals for TPE:1340:

  • E10: NT$-1.36
  • GF Value™: NT$2.58 vs. price of NT$5.23 (102.7% above fair value)
  • GF Score™: 42/100 with 6 warning signs

No single metric tells the full story. See the TPE:1340 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Victory New Materials Co Business Description

Address Lianyu Industrial Zone, Qingyang District, Fujian Province, Jinjiang, CHN
Victory New Materials Ltd Co is engaged in the manufacturing and trading of various types of shoe sole materials and office building and factory leasing and hotel operations and other related business operations and investments. Its products include rubber soles, monochrome soles, two-color dual-hardness soles, and color dual-density soles. The company also provides rubber foam soles and EVO granules, as well as finished shoes.
42GF Score

Get the complete analysis for TPE:1340

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

NT$5.23
Price
NT$2.58
GF Value