TRK (TPE:1432) E10: NT$-1.78 (As of Dec. 2025)


TPE:1432 TRK Corp TPE:1432
61 GF Score
Price NT$15.20
GF Value NT$6.73
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is TRK E10?

TRK TPE:1432 -0.33% 61 E10 is NT$-1.78 as of Dec. 2025. GuruFocus rates TPE:1432 with a GF Score™ of 61/100 and a GF Value™ of NT$6.73 (Significantly Overvalued). The stock has 9 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.

TRK's adjusted earnings per share data for the three months ended in Dec. 2025 was NT$6.380. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$-1.78 for the trailing ten years ended in Dec. 2025.

During the past 3 years, the average E10 Growth Rate was 11.80% per year. During the past 5 years, the average E10 Growth Rate was -19.20% 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 TRK was 11.80% per year. The lowest was -42.20% per year. And the median was -30.20% per year.

As of today (2026-06-29), TRK's current stock price is NT$15.20. TRK's E10 for the quarter that ended in Dec. 2025 was NT$-1.78. TRK's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of TRK was 19.50. The lowest was 10.84. And the median was 12.42.


TRK  (TPE:1432) 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 TRK was 19.50. The lowest was 10.84. And the median was 12.42.


Be Aware

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


TRK E10 Related Terms


TRK E10 Historical Data

* Premium members only.

The historical data trend for TRK'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.

TRK E10 Chart

TRK 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 -1.15 -2.59 -2.36 -2.54 -1.78

TRK 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 -2.54 -2.42 -2.55 -2.58 -1.78

TPE:1432 vs AS, HAS, LTH: E10 Comparison

For the Leisure subindustry, TRK'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.


TRK Shiller PE Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, TRK's Shiller PE Ratio distribution charts can be found below:

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


TPE:1432
61GF Score
TRK Corp TPE:1432
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TRK 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, TRK'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)
=6.38/324.0540*324.0540
=6.380

Current CPI (Dec. 2025) = 324.0540.

TRK Quarterly Data

per share eps CPI Adj_EPS
201603 1.095 238.132 1.490
201606 -0.613 241.018 -0.824
201609 -1.949 241.428 -2.616
201612 -0.569 241.432 -0.764
201703 -1.007 243.801 -1.338
201706 -1.095 244.955 -1.449
201709 -0.985 246.819 -1.293
201712 1.226 246.524 1.612
201803 -0.723 249.554 -0.939
201806 -0.723 251.989 -0.930
201809 -0.109 252.439 -0.140
201812 -0.832 251.233 -1.073
201903 -0.723 254.202 -0.922
201906 -1.752 256.143 -2.217
201909 -0.675 256.759 -0.852
201912 -4.469 256.974 -5.636
202003 -0.254 258.115 -0.319
202006 -0.372 257.797 -0.468
202009 0.636 260.280 0.792
202012 -0.009 260.474 -0.011
202103 -0.080 264.877 -0.098
202106 -1.070 271.696 -1.276
202109 -0.640 274.310 -0.756
202112 -0.260 278.802 -0.302
202203 0.010 287.504 0.011
202206 -0.770 296.311 -0.842
202209 0.450 296.808 0.491
202212 -0.040 296.797 -0.044
202303 0.170 301.836 0.183
202306 0.110 305.109 0.117
202309 0.480 307.789 0.505
202312 -0.090 306.746 -0.095
202403 -3.200 312.332 -3.320
202406 -0.110 314.175 -0.113
202409 -0.070 315.301 -0.072
202412 -0.280 315.605 -0.287
202503 0.050 319.799 0.051
202506 -0.230 322.561 -0.231
202509 -0.180 324.800 -0.180
202512 6.380 324.054 6.380

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$-1.78 mean?
TRK (TPE:1432) has a E10 of NT$-1.78 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on TRK and its competitors.
Is TRK's E10 too high?
TRK's current E10 is NT$-1.78. Overall, TRK has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TRK's E10 compare to AS and HAS?
TRK's E10 of NT$-1.78 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good E10 depends on the Travel & Leisure 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 TRK and its competitors. TRK's current E10 is NT$-1.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TRK stock overvalued right now?
Based on GuruFocus' analysis, TRK (TPE:1432) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$6.73, compared to a current price of NT$15.20 — trading 125.9% above its estimated fair value. The current E10 is NT$-1.78. TRK's overall GF Score™ is 61/100 with 9 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 TRK (TPE:1432), the current E10 is NT$-1.78 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 TRK (TPE:1432) Overvalued in 2026?

Based on GuruFocus' analysis, TRK stock appears to be overvalued. The current stock price of NT$15.20 is trading 125.9% above its estimated GF Value™ of NT$6.73. GuruFocus considers TRK to be Significantly Overvalued.

Key valuation signals for TPE:1432:

  • E10: NT$-1.78
  • GF Value™: NT$6.73 vs. price of NT$15.20 (125.9% above fair value)
  • GF Score™: 61/100 with 9 warning signs

No single metric tells the full story. See the TPE:1432 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TRK Business Description

Address No 186, Sec 4, Fusing Road, East District, Taichung, TWN
TRK Corp, formerly Taroko Co Ltd is engaged in the development business of department stores and shopping centres, recreational activities venue business, other leisure services, retail services of educational and entertainment materials, and international trading business. The company segments include: Strategic business segment, Construction segment, Shopping centres development segment, and Leisure and recreation segment. It earns maximum revenue from the Leisure and recreation segment.
61GF Score

Get the complete analysis for TPE:1432

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

NT$15.20
Price
NT$6.73
GF Value