International CSRC Investment Holdings Co (TPE:2104) E10: NT$1.10 (As of Dec. 2025)


TPE:2104 International CSRC Investment Holdings Co Ltd TPE:2104
61 GF Score
Price NT$9.99
GF Value NT$12.40
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is International CSRC Investment Holdings Co E10?

International CSRC Investment Holdings Co TPE:2104 -3.01% 61 E10 is NT$1.10 as of Dec. 2025. GuruFocus rates TPE:2104 with a GF Score™ of 61/100 and a GF Value™ of NT$12.40 (Modestly Undervalued). The stock has 5 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.

International CSRC Investment Holdings Co's adjusted earnings per share data for the three months ended in Dec. 2025 was NT$-0.880. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$1.10 for the trailing ten years ended in Dec. 2025.

During the past 12 months, International CSRC Investment Holdings Co's average E10 Growth Rate was -32.90% per year. During the past 3 years, the average E10 Growth Rate was -22.40% per year. During the past 5 years, the average E10 Growth Rate was -11.40% 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 International CSRC Investment Holdings Co was 3.80% per year. The lowest was -22.40% per year. And the median was 3.30% per year.

As of today (2026-06-27), International CSRC Investment Holdings Co's current stock price is NT$9.99. International CSRC Investment Holdings Co's E10 for the quarter that ended in Dec. 2025 was NT$1.10. International CSRC Investment Holdings Co's Shiller PE Ratio of today is 9.08.

During the past 13 years, the highest Shiller PE Ratio of International CSRC Investment Holdings Co was 18.38. The lowest was 6.50. And the median was 9.45.


International CSRC Investment Holdings Co  (TPE:2104) 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.

International CSRC Investment Holdings Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=9.99/1.10
=9.08

* 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 International CSRC Investment Holdings Co was 18.38. The lowest was 6.50. And the median was 9.45.


Be Aware

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


International CSRC Investment Holdings Co E10 Related Terms


International CSRC Investment Holdings Co E10 Historical Data

* Premium members only.

The historical data trend for International CSRC Investment Holdings 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.

International CSRC Investment Holdings Co E10 Chart

International CSRC Investment Holdings 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 2.37 2.35 2.25 1.64 1.10

International CSRC Investment Holdings Co 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 1.64 1.60 1.57 1.23 1.10

TPE:2104 vs LIN, SHW, ECL: E10 Comparison

For the Specialty Chemicals subindustry, International CSRC Investment Holdings 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.


International CSRC Investment Holdings Co Shiller PE Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, International CSRC Investment Holdings Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where International CSRC Investment Holdings Co's Shiller PE Ratio falls into.


TPE:2104
61GF Score
International CSRC Investment Holdings Co Ltd TPE:2104
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

International CSRC Investment Holdings 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, International CSRC Investment Holdings Co'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)
=-0.88/324.0540*324.0540
=-0.880

Current CPI (Dec. 2025) = 324.0540.

International CSRC Investment Holdings Co Quarterly Data

per share eps CPI Adj_EPS
201603 0.375 238.132 0.510
201606 0.316 241.018 0.425
201609 0.671 241.428 0.901
201612 0.486 241.432 0.652
201703 0.602 243.801 0.800
201706 1.026 244.955 1.357
201709 0.814 246.819 1.069
201712 0.451 246.524 0.593
201803 1.035 249.554 1.344
201806 1.071 251.989 1.377
201809 1.330 252.439 1.707
201812 0.260 251.233 0.335
201903 0.780 254.202 0.994
201906 0.270 256.143 0.342
201909 0.530 256.759 0.669
201912 -0.380 256.974 -0.479
202003 -0.040 258.115 -0.050
202006 -0.230 257.797 -0.289
202009 0.520 260.280 0.647
202012 0.510 260.474 0.634
202103 0.440 264.877 0.538
202106 0.300 271.696 0.358
202109 0.670 274.310 0.791
202112 2.090 278.802 2.429
202203 0.220 287.504 0.248
202206 -0.010 296.311 -0.011
202209 0.570 296.808 0.622
202212 -0.080 296.797 -0.087
202303 0.020 301.836 0.021
202306 -0.370 305.109 -0.393
202309 0.010 307.789 0.011
202312 -0.170 306.746 -0.180
202403 -0.250 312.332 -0.259
202406 -1.460 314.175 -1.506
202409 0.000 315.301 0.000
202412 -1.100 315.605 -1.129
202503 -0.240 319.799 -0.243
202506 -0.290 322.561 -0.291
202509 -2.860 324.800 -2.853
202512 -0.880 324.054 -0.880

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$1.10 mean?
International CSRC Investment Holdings Co (TPE:2104) has a E10 of NT$1.10 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on International CSRC Investment Holdings Co and its competitors.
Is International CSRC Investment Holdings Co's E10 too high?
International CSRC Investment Holdings Co's current E10 is NT$1.10. Overall, International CSRC Investment Holdings Co has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does International CSRC Investment Holdings Co's E10 compare to LIN and SHW?
International CSRC Investment Holdings Co's E10 of NT$1.10 can be compared against companies in the Chemicals 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 Chemicals company?
A good E10 depends on the Chemicals 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 International CSRC Investment Holdings Co and its competitors. International CSRC Investment Holdings Co's current E10 is NT$1.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is International CSRC Investment Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, International CSRC Investment Holdings Co (TPE:2104) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$12.40, compared to a current price of NT$9.99 — trading 19.4% below its estimated fair value. The current E10 is NT$1.10. International CSRC Investment Holdings Co's overall GF Score™ is 61/100 with 5 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 International CSRC Investment Holdings Co (TPE:2104), the current E10 is NT$1.10 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 International CSRC Investment Holdings Co (TPE:2104) Overvalued in 2026?

Based on GuruFocus' analysis, International CSRC Investment Holdings Co stock appears to be undervalued. The current stock price of NT$9.99 is trading 19.4% below its estimated GF Value™ of NT$12.40. GuruFocus considers International CSRC Investment Holdings Co to be Modestly Undervalued.

Key valuation signals for TPE:2104:

  • E10: NT$1.10
  • GF Value™: NT$12.40 vs. price of NT$9.99 (19.4% below fair value)
  • GF Score™: 61/100 with 5 warning signs

No single metric tells the full story. See the TPE:2104 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


International CSRC Investment Holdings Co Business Description

Address Zhongshan North Road, 8th Floor, No.113, Section 2, Taipei, TWN, 104
International CSRC Investment Holdings Co Ltd produces carbon black, a material for tire and other rubber products. It started power and steam co-generation system operations in December. The corporation also engages in biotechnology research and development. Its products and services include Tire Applications, Application of rubber products, Application of plastic products, Ink and Coating Application, Battery material applications, Ouroboros solutions, and Testing and analysis services. Its segments include Carbon Black, Biotechnology, and Others with the majority of revenue deriving from Carbon Black. It operates in two principal geographical areas: Asia and America with majority of revenue deriving from Aisa.
61GF Score

Get the complete analysis for TPE:2104

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

NT$9.99
Price
NT$12.40
GF Value