Cheng Shin Rubber Industry Co (TPE:2105) E10: NT$2.28 (As of Dec. 2025)


TPE:2105 Cheng Shin Rubber Industry Co Ltd TPE:2105
70 GF Score
Price NT$30.25
GF Value NT$42.43
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Cheng Shin Rubber Industry Co E10?

Cheng Shin Rubber Industry Co TPE:2105 +2.89% 70 E10 is NT$2.28 as of Dec. 2025. GuruFocus rates TPE:2105 with a GF Score™ of 70/100 and a GF Value™ of NT$42.43 (Modestly Undervalued). The stock has 4 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.

Cheng Shin Rubber Industry Co's adjusted earnings per share data for the three months ended in Dec. 2025 was NT$0.270. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$2.28 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Cheng Shin Rubber Industry Co's average E10 Growth Rate was -12.30% per year. During the past 3 years, the average E10 Growth Rate was -11.90% per year. During the past 5 years, the average E10 Growth Rate was -8.70% 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 Cheng Shin Rubber Industry Co was -2.20% per year. The lowest was -11.90% per year. And the median was -5.70% per year.

As of today (2026-06-29), Cheng Shin Rubber Industry Co's current stock price is NT$30.25. Cheng Shin Rubber Industry Co's E10 for the quarter that ended in Dec. 2025 was NT$2.28. Cheng Shin Rubber Industry Co's Shiller PE Ratio of today is 13.27.

During the past 13 years, the highest Shiller PE Ratio of Cheng Shin Rubber Industry Co was 20.97. The lowest was 8.33. And the median was 12.10.


Cheng Shin Rubber Industry Co  (TPE:2105) 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.

Cheng Shin Rubber Industry Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=30.25/2.28
=13.27

* 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 Cheng Shin Rubber Industry Co was 20.97. The lowest was 8.33. And the median was 12.10.


Be Aware

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


Cheng Shin Rubber Industry Co E10 Related Terms


Cheng Shin Rubber Industry Co E10 Historical Data

* Premium members only.

The historical data trend for Cheng Shin Rubber Industry 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.

Cheng Shin Rubber Industry Co E10 Chart

Cheng Shin Rubber Industry 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 3.57 3.34 2.92 2.60 2.28

Cheng Shin Rubber Industry 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 2.60 2.54 2.46 2.40 2.28

TPE:2105 vs ORLY, AZO: E10 Comparison

For the Auto Parts subindustry, Cheng Shin Rubber Industry 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.


Cheng Shin Rubber Industry Co Shiller PE Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Cheng Shin Rubber Industry Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Cheng Shin Rubber Industry Co's Shiller PE Ratio falls into.


TPE:2105
70GF Score
Cheng Shin Rubber Industry Co Ltd TPE:2105
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cheng Shin Rubber Industry 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, Cheng Shin Rubber Industry 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)
=0.27/324.0540*324.0540
=0.270

Current CPI (Dec. 2025) = 324.0540.

Cheng Shin Rubber Industry Co Quarterly Data

per share eps CPI Adj_EPS
201603 1.240 238.132 1.687
201606 1.230 241.018 1.654
201609 0.920 241.428 1.235
201612 0.690 241.432 0.926
201703 0.590 243.801 0.784
201706 0.530 244.955 0.701
201709 0.330 246.819 0.433
201712 0.260 246.524 0.342
201803 0.370 249.554 0.480
201806 0.420 251.989 0.540
201809 0.130 252.439 0.167
201812 0.150 251.233 0.193
201903 0.320 254.202 0.408
201906 0.520 256.143 0.658
201909 0.090 256.759 0.114
201912 0.140 256.974 0.177
202003 -0.610 258.115 -0.766
202006 0.700 257.797 0.880
202009 0.780 260.280 0.971
202012 0.980 260.474 1.219
202103 0.560 264.877 0.685
202106 0.490 271.696 0.584
202109 0.290 274.310 0.343
202112 0.280 278.802 0.325
202203 0.420 287.504 0.473
202206 0.350 296.311 0.383
202209 0.470 296.808 0.513
202212 0.290 296.797 0.317
202303 0.490 301.836 0.526
202306 0.640 305.109 0.680
202309 0.610 307.789 0.642
202312 0.470 306.746 0.497
202403 0.680 312.332 0.706
202406 0.730 314.175 0.753
202409 0.720 315.301 0.740
202412 0.340 315.605 0.349
202503 0.450 319.799 0.456
202506 0.280 322.561 0.281
202509 0.500 324.800 0.499
202512 0.270 324.054 0.270

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$2.28 mean?
Cheng Shin Rubber Industry Co (TPE:2105) has a E10 of NT$2.28 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Cheng Shin Rubber Industry Co and its competitors.
Is Cheng Shin Rubber Industry Co's E10 too high?
Cheng Shin Rubber Industry Co's current E10 is NT$2.28. Overall, Cheng Shin Rubber Industry Co has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cheng Shin Rubber Industry Co's E10 compare to ORLY and AZO?
Cheng Shin Rubber Industry Co's E10 of NT$2.28 can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good E10 depends on the Vehicles & Parts 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 Cheng Shin Rubber Industry Co and its competitors. Cheng Shin Rubber Industry Co's current E10 is NT$2.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cheng Shin Rubber Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Cheng Shin Rubber Industry Co (TPE:2105) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$42.43, compared to a current price of NT$30.25 — trading 28.7% below its estimated fair value. The current E10 is NT$2.28. Cheng Shin Rubber Industry Co's overall GF Score™ is 70/100 with 4 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 Cheng Shin Rubber Industry Co (TPE:2105), the current E10 is NT$2.28 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 Cheng Shin Rubber Industry Co (TPE:2105) Overvalued in 2026?

Based on GuruFocus' analysis, Cheng Shin Rubber Industry Co stock appears to be undervalued. The current stock price of NT$30.25 is trading 28.7% below its estimated GF Value™ of NT$42.43. GuruFocus considers Cheng Shin Rubber Industry Co to be Modestly Undervalued.

Key valuation signals for TPE:2105:

  • E10: NT$2.28
  • GF Value™: NT$42.43 vs. price of NT$30.25 (28.7% below fair value)
  • GF Score™: 70/100 with 4 warning signs

No single metric tells the full story. See the TPE:2105 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cheng Shin Rubber Industry Co Business Description

Address No. 215, Meigang Road, Dacun Township, Changhua, TWN, 51545
Cheng Shin Rubber Industry Co Ltd makes and sells rubber tires under the CST brand name. The company also sells rubber inner tubes and other rubber products. It includes the Processing, manufacturing, and trading of bicycle tires, electrical vehicle tires, reclaimed rubber, various rubbers, resin, and others. The Business organization is divided into Cheng Shin (Taiwan), MAXXIS (Taiwan) Trading, Cheng Shin (Xiamen), Cheng Shin (China), Petrel (Xiamen), Cheng Shin (Thailand), and other segments based on the nature of each company. The main sources of sales revenue are from manufacturing and sales of bicycle tires, electrical vehicle tires, reclaimed rubber, etc. Its geographical segments are Taiwan, China, the United States, and Others.
70GF Score

Get the complete analysis for TPE:2105

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

NT$30.25
Price
NT$42.43
GF Value