Macronix International Co (TPE:2337) E10: NT$2.30 (As of Dec. 2025)


TPE:2337 Macronix International Co Ltd TPE:2337
54 GF Score
Price NT$162.50
GF Value NT$48.17
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Macronix International Co E10?

Macronix International Co TPE:2337 +0.62% 54 E10 is NT$2.30 as of Dec. 2025. GuruFocus rates TPE:2337 with a GF Score™ of 54/100 and a GF Value™ of NT$48.17 (Significantly Overvalued). The stock has 7 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.

Macronix International Co's adjusted earnings per share data for the three months ended in Dec. 2025 was NT$-0.150. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$2.30 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Macronix International Co's average E10 Growth Rate was 10.00% per year. During the past 3 years, the average E10 Growth Rate was 20.60% 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 Macronix International Co was 87.10% per year. The lowest was -0.80% per year. And the median was 46.35% per year.

As of today (2026-06-29), Macronix International Co's current stock price is NT$162.50. Macronix International Co's E10 for the quarter that ended in Dec. 2025 was NT$2.30. Macronix International Co's Shiller PE Ratio of today is 70.65.

During the past 13 years, the highest Shiller PE Ratio of Macronix International Co was 2255.00. The lowest was 8.76. And the median was 54.35.


Macronix International Co  (TPE:2337) 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.

Macronix International Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=162.50/2.30
=70.65

* 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 Macronix International Co was 2255.00. The lowest was 8.76. And the median was 54.35.


Be Aware

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


Macronix International Co E10 Related Terms


Macronix International Co E10 Historical Data

* Premium members only.

The historical data trend for Macronix International 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.

Macronix International Co E10 Chart

Macronix International 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 0.41 1.31 1.73 2.09 2.30

Macronix International 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 2.09 2.10 2.15 2.19 2.30

TPE:2337 vs NVDA, AVGO, MU: E10 Comparison

For the Semiconductors subindustry, Macronix International 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.


Macronix International Co Shiller PE Ratio vs Semiconductors Industry

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

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


TPE:2337
54GF Score
Macronix International Co Ltd TPE:2337
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Macronix International 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, Macronix International 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)
=-0.15/324.0540*324.0540
=-0.150

Current CPI (Dec. 2025) = 324.0540.

Macronix International Co Quarterly Data

per share eps CPI Adj_EPS
201603 -0.498 238.132 -0.678
201606 -0.777 241.018 -1.045
201609 0.353 241.428 0.474
201612 0.392 241.432 0.526
201703 0.108 243.801 0.144
201706 0.333 244.955 0.441
201709 1.150 246.819 1.510
201712 1.380 246.524 1.814
201803 1.010 249.554 1.312
201806 1.250 251.989 1.607
201809 1.020 252.439 1.309
201812 1.400 251.233 1.806
201903 0.070 254.202 0.089
201906 0.140 256.143 0.177
201909 1.000 256.759 1.262
201912 0.400 256.974 0.504
202003 0.660 258.115 0.829
202006 0.720 257.797 0.905
202009 0.870 260.280 1.083
202012 0.620 260.474 0.771
202103 0.490 264.877 0.599
202106 1.030 271.696 1.228
202109 2.860 274.310 3.379
202112 1.900 278.802 2.208
202203 1.540 287.504 1.736
202206 1.560 296.311 1.706
202209 1.310 296.808 1.430
202212 0.330 296.797 0.360
202303 -0.190 301.836 -0.204
202306 0.040 305.109 0.042
202309 -0.220 307.789 -0.232
202312 -0.550 306.746 -0.581
202403 -0.580 312.332 -0.602
202406 -0.150 314.175 -0.155
202409 -0.160 315.301 -0.164
202412 -0.830 315.605 -0.852
202503 -0.470 319.799 -0.476
202506 -0.690 322.561 -0.693
202509 -0.470 324.800 -0.469
202512 -0.150 324.054 -0.150

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$2.30 mean?
Macronix International Co (TPE:2337) has a E10 of NT$2.30 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Macronix International Co and its competitors.
Is Macronix International Co's E10 too high?
Macronix International Co's current E10 is NT$2.30. Overall, Macronix International Co has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Macronix International Co's E10 compare to NVDA and AVGO?
Macronix International Co's E10 of NT$2.30 can be compared against companies in the Semiconductors 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 Semiconductors company?
A good E10 depends on the Semiconductors 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 Macronix International Co and its competitors. Macronix International Co's current E10 is NT$2.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Macronix International Co stock overvalued right now?
Based on GuruFocus' analysis, Macronix International Co (TPE:2337) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$48.17, compared to a current price of NT$162.50 — trading 237.3% above its estimated fair value. The current E10 is NT$2.30. Macronix International Co's overall GF Score™ is 54/100 with 7 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 Macronix International Co (TPE:2337), the current E10 is NT$2.30 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 Macronix International Co (TPE:2337) Overvalued in 2026?

Based on GuruFocus' analysis, Macronix International Co stock appears to be overvalued. The current stock price of NT$162.50 is trading 237.3% above its estimated GF Value™ of NT$48.17. GuruFocus considers Macronix International Co to be Significantly Overvalued.

Key valuation signals for TPE:2337:

  • E10: NT$2.30
  • GF Value™: NT$48.17 vs. price of NT$162.50 (237.3% above fair value)
  • GF Score™: 54/100 with 7 warning signs

No single metric tells the full story. See the TPE:2337 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Macronix International Co Business Description

Address No. 16 Li-Hsin Road, Science Park, Hsin-Chu, TWN
Macronix International Co Ltd designs, manufactures, and supplies integrated circuits and memory chips. It specializes in nonvolatile memory devices, including NOR Flash, NAND Flash, and read-only memory products. The Company also performs design, research and development, consultation and trade of relevant products. The company operates as a single reportable segment: the memory products and wafer fabrication segment. The firm operates in four Products: Flash, ROM, Foundry, and Others. The majority of revenue is from Flash Product. The company operates in Taiwan, China, and other countries generating key revenue from Taiwan region.
54GF Score

Get the complete analysis for TPE:2337

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

NT$162.50
Price
NT$48.17
GF Value