Tecom Co (TPE:2321) E10: NT$-3.51 (As of Dec. 2025)


TPE:2321 Tecom Co Ltd TPE:2321
63 GF Score
Price NT$13.90
GF Value NT$15.83
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Tecom Co E10?

Tecom Co TPE:2321 63 E10 is NT$-3.51 as of Dec. 2025. GuruFocus rates TPE:2321 with a GF Score™ of 63/100 and a GF Value™ of NT$15.83 (Modestly Undervalued). The stock has 3 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.

Tecom Co's adjusted earnings per share data for the three months ended in Dec. 2025 was NT$-0.460. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$-3.51 for the trailing ten years ended in Dec. 2025.

During the past 3 years, the average E10 Growth Rate was 6.00% per year. During the past 5 years, the average E10 Growth Rate was 23.70% 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 Tecom Co was 38.60% per year. The lowest was 6.00% per year. And the median was 27.95% per year.

As of today (2026-07-02), Tecom Co's current stock price is NT$13.90. Tecom Co's E10 for the quarter that ended in Dec. 2025 was NT$-3.51. Tecom Co's Shiller PE Ratio of today is .


Tecom Co  (TPE:2321) 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.


Tecom Co E10 Related Terms


Tecom Co E10 Historical Data

* Premium members only.

The historical data trend for Tecom 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.

Tecom Co E10 Chart

Tecom 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 -9.89 -4.23 -4.70 -4.12 -3.51

Tecom 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 -4.12 -4.23 -3.83 -3.68 -3.51

TPE:2321 vs CSCO, CIEN, MSI: E10 Comparison

For the Communication Equipment subindustry, Tecom 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.


Tecom Co Shiller PE Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Tecom Co's Shiller PE Ratio distribution charts can be found below:

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


TPE:2321
63GF Score
Tecom Co Ltd TPE:2321
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tecom 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, Tecom 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)
=-0.46/324.0540*324.0540
=-0.460

Current CPI (Dec. 2025) = 324.0540.

Tecom Co Quarterly Data

per share eps CPI Adj_EPS
201603 0.625 238.132 0.851
201606 1.667 241.018 2.241
201609 1.042 241.428 1.399
201612 0.000 241.432 0.000
201703 -2.708 243.801 -3.599
201706 0.417 244.955 0.552
201709 -1.250 246.819 -1.641
201712 -1.575 246.524 -2.070
201803 -2.396 249.554 -3.111
201806 0.521 251.989 0.670
201809 -0.521 252.439 -0.669
201812 -1.042 251.233 -1.344
201903 -2.292 254.202 -2.922
201906 -0.625 256.143 -0.791
201909 -10.625 256.759 -13.410
201912 -2.058 256.974 -2.595
202003 -1.938 258.115 -2.433
202006 0.063 257.797 0.079
202009 -0.656 260.280 -0.817
202012 -0.287 260.474 -0.357
202103 0.094 264.877 0.115
202106 -0.094 271.696 -0.112
202109 0.313 274.310 0.370
202112 0.042 278.802 0.049
202203 0.060 287.504 0.068
202206 0.140 296.311 0.153
202209 0.100 296.808 0.109
202212 -0.130 296.797 -0.142
202303 -1.320 301.836 -1.417
202306 -0.670 305.109 -0.712
202309 -0.280 307.789 -0.295
202312 -0.330 306.746 -0.349
202403 -0.600 312.332 -0.623
202406 -0.430 314.175 -0.444
202409 0.100 315.301 0.103
202412 -0.270 315.605 -0.277
202503 -0.490 319.799 -0.497
202506 0.050 322.561 0.050
202509 0.040 324.800 0.040
202512 -0.460 324.054 -0.460

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$-3.51 mean?
Tecom Co (TPE:2321) has a E10 of NT$-3.51 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Tecom Co and its competitors.
Is Tecom Co's E10 too high?
Tecom Co's current E10 is NT$-3.51. Overall, Tecom Co has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tecom Co's E10 compare to CSCO and CIEN?
Tecom Co's E10 of NT$-3.51 can be compared against companies in the Hardware 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 Hardware company?
A good E10 depends on the Hardware 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 Tecom Co and its competitors. Tecom Co's current E10 is NT$-3.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tecom Co stock overvalued right now?
Based on GuruFocus' analysis, Tecom Co (TPE:2321) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$15.83, compared to a current price of NT$13.90 — trading 12.2% below its estimated fair value. The current E10 is NT$-3.51. Tecom Co's overall GF Score™ is 63/100 with 3 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 Tecom Co (TPE:2321), the current E10 is NT$-3.51 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 Tecom Co (TPE:2321) Overvalued in 2026?

Based on GuruFocus' analysis, Tecom Co stock appears to be undervalued. The current stock price of NT$13.90 is trading 12.2% below its estimated GF Value™ of NT$15.83. GuruFocus considers Tecom Co to be Modestly Undervalued.

Key valuation signals for TPE:2321:

  • E10: NT$-3.51
  • GF Value™: NT$15.83 vs. price of NT$13.90 (12.2% below fair value)
  • GF Score™: 63/100 with 3 warning signs

No single metric tells the full story. See the TPE:2321 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tecom Co Business Description

Address No. 23, Research and Development 2nd Road, Science Park, Hsinchu City, TWN, 300
Tecom Co Ltd is a Taiwan-based telecommunications equipment maker. The company specializes in providing communication convergence solutions for enterprise, carrier, and consumer markets. Its product portfolio includes smartphone business systems, business phone systems, carriers, smart home systems, smart video doorbells, vibration diagnoses, and (internet protocol) IP phones. The Group mainly derives it's revenue from business communication systems, smart electromechanics, and fiber optic cables. The company integrates voice communication, network communication, wireless communication, optical communication and mobile communication services. It operates in USA, Taiwan and Other countries.
63GF Score

Get the complete analysis for TPE:2321

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

NT$13.90
Price
NT$15.83
GF Value