CSBC Taiwan (TPE:2208) E10: NT$-7.09 (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:2208 CSBC Corp Taiwan TPE:2208
49 GF Score
Price NT$20.10
GF Value NT$18.52
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is CSBC Taiwan E10?

CSBC Taiwan TPE:2208 -5.85% 49 E10 is NT$-7.09 as of Mar. 2026. GuruFocus rates TPE:2208 with a GF Score™ of 49/100 and a GF Value™ of NT$18.52 (Fairly Valued). 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.

CSBC Taiwan's adjusted earnings per share data for the three months ended in Mar. 2026 was NT$0.070. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$-7.09 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was -10.90% 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 CSBC Taiwan was -10.90% per year. The lowest was -25.80% per year. And the median was -20.90% per year.

As of today (2026-07-23), CSBC Taiwan's current stock price is NT$20.10. CSBC Taiwan's E10 for the quarter that ended in Mar. 2026 was NT$-7.09. CSBC Taiwan's Shiller PE Ratio of today is .


CSBC Taiwan  (TPE:2208) 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.


Be Aware

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


CSBC Taiwan E10 Related Terms


CSBC Taiwan E10 Historical Data

* Premium members only.

The historical data trend for CSBC Taiwan'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.

CSBC Taiwan E10 Chart

CSBC Taiwan 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 0.00 -5.10 -5.87 -6.43 -6.95

CSBC Taiwan 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 -6.63 -6.84 -6.92 -6.95 -7.09

TPE:2208 vs SPCX, GE, RTX: E10 Comparison

For the Aerospace & Defense subindustry, CSBC Taiwan'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.


CSBC Taiwan Shiller PE Ratio vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, CSBC Taiwan's Shiller PE Ratio distribution charts can be found below:

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


TPE:2208
49GF Score
CSBC Corp Taiwan TPE:2208
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CSBC Taiwan 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, CSBC Taiwan'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)
=0.07/330.2130*330.2130
=0.070

Current CPI (Mar. 2026) = 330.2130.

CSBC Taiwan Quarterly Data

per share eps CPI Adj_EPS
201606 -0.038 241.018 -0.052
201609 -2.189 241.428 -2.994
201612 -1.210 241.432 -1.655
201703 -9.159 243.801 -12.405
201706 -7.123 244.955 -9.602
201709 -5.528 246.819 -7.396
201712 -3.139 246.524 -4.205
201803 -2.239 249.554 -2.963
201806 -0.843 251.989 -1.105
201809 -2.429 252.439 -3.177
201812 -1.797 251.233 -2.362
201903 -0.553 254.202 -0.718
201906 -0.933 256.143 -1.203
201909 0.058 256.759 0.075
201912 -1.809 256.974 -2.325
202003 -0.474 258.115 -0.606
202006 -0.833 257.797 -1.067
202009 -0.668 260.280 -0.847
202012 -1.297 260.474 -1.644
202103 0.068 264.877 0.085
202106 0.010 271.696 0.012
202109 -0.039 274.310 -0.047
202112 0.000 278.802 0.000
202203 -0.203 287.504 -0.233
202206 -0.920 296.311 -1.025
202209 -1.346 296.808 -1.497
202212 -1.302 296.797 -1.449
202303 -1.830 301.836 -2.002
202306 -1.030 305.109 -1.115
202309 -1.000 307.789 -1.073
202312 -0.460 306.746 -0.495
202403 -0.280 312.332 -0.296
202406 -0.180 314.175 -0.189
202409 -0.550 315.301 -0.576
202412 -1.200 315.605 -1.256
202503 -0.650 319.799 -0.671
202506 -1.330 322.561 -1.362
202509 0.050 324.800 0.051
202512 0.162 324.054 0.165
202603 0.070 330.213 0.070

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$-7.09 mean?
CSBC Taiwan (TPE:2208) has a E10 of NT$-7.09 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on CSBC Taiwan and its competitors.
Is CSBC Taiwan's E10 too high?
CSBC Taiwan's current E10 is NT$-7.09. Overall, CSBC Taiwan has a GF Score™ of 49/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CSBC Taiwan's E10 compare to SPCX and GE?
CSBC Taiwan's E10 of NT$-7.09 can be compared against companies in the Aerospace & Defense 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 Aerospace & Defense company?
A good E10 depends on the Aerospace & Defense 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 CSBC Taiwan and its competitors. CSBC Taiwan's current E10 is NT$-7.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CSBC Taiwan stock overvalued right now?
Based on GuruFocus' analysis, CSBC Taiwan (TPE:2208) is currently considered Fairly Valued. The stock's GF Value™ is NT$18.52, compared to a current price of NT$20.10 — trading 8.5% above its estimated fair value. The current E10 is NT$-7.09. CSBC Taiwan's overall GF Score™ is 49/100 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 CSBC Taiwan (TPE:2208), the current E10 is NT$-7.09 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 CSBC Taiwan (TPE:2208) Overvalued in 2026?

Based on GuruFocus' analysis, CSBC Taiwan stock appears to be overvalued. The current stock price of NT$20.10 is trading 8.5% above its estimated GF Value™ of NT$18.52. GuruFocus considers CSBC Taiwan to be Fairly Valued.

Key valuation signals for TPE:2208:

  • E10: NT$-7.09
  • GF Value™: NT$18.52 vs. price of NT$20.10 (8.5% above fair value)
  • GF Score™: 49/100 with 6 warning signs

No single metric tells the full story. See the TPE:2208 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CSBC Taiwan Business Description

Address No. 3, Zhonggang Road, Xiaogang District, Kaohsiung, TWN, 81234
CSBC Corp Taiwan is engaged in the design, construction, repair, and conversion of ships and offshore engineering equipment. The company operates through four segments: Construction of Ships and Vessels, Machinery Building, Ship/Vessel Repairs, and All Other Segments. The Construction of Ships and Vessels segment, which contributes the majority of revenue, focuses on the manufacture and repair of marine vessels, oil drilling rigs, and onshore equipment. Geographically, it generates the majority of its revenue from Taiwan.
49GF Score

Get the complete analysis for TPE:2208

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

NT$20.10
Price
NT$18.52
GF Value