Gold Circuit Electronics (TPE:2368) E10: NT$6.06 (As of Dec. 2025)


TPE:2368 Gold Circuit Electronics Ltd TPE:2368
72 GF Score
Price NT$1,190.00
GF Value NT$485.25
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Gold Circuit Electronics E10?

Gold Circuit Electronics TPE:2368 -4.03% 72 E10 is NT$6.06 as of Dec. 2025. GuruFocus rates TPE:2368 with a GF Score™ of 72/100 and a GF Value™ of NT$485.25 (Significantly Overvalued). 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.

Gold Circuit Electronics's adjusted earnings per share data for the three months ended in Dec. 2025 was NT$5.710. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$6.06 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Gold Circuit Electronics's average E10 Growth Rate was 48.90% per year. During the past 3 years, the average E10 Growth Rate was 44.70% 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 Gold Circuit Electronics was 88.30% per year. The lowest was 44.70% per year. And the median was 66.50% per year.

As of today (2026-06-29), Gold Circuit Electronics's current stock price is NT$1190.00. Gold Circuit Electronics's E10 for the quarter that ended in Dec. 2025 was NT$6.06. Gold Circuit Electronics's Shiller PE Ratio of today is 196.37.

During the past 13 years, the highest Shiller PE Ratio of Gold Circuit Electronics was 1500.00. The lowest was 38.78. And the median was 78.02.


Gold Circuit Electronics  (TPE:2368) 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.

Gold Circuit Electronics's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1190.00/6.06
=196.37

* 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 Gold Circuit Electronics was 1500.00. The lowest was 38.78. And the median was 78.02.


Be Aware

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


Gold Circuit Electronics E10 Related Terms


Gold Circuit Electronics E10 Historical Data

* Premium members only.

The historical data trend for Gold Circuit Electronics'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.

Gold Circuit Electronics E10 Chart

Gold Circuit Electronics 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 0.61 2.00 3.02 4.07 6.06

Gold Circuit Electronics 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 4.07 4.41 4.80 5.49 6.06

TPE:2368 vs APH, GLW: E10 Comparison

For the Electronic Components subindustry, Gold Circuit Electronics'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.


Gold Circuit Electronics Shiller PE Ratio vs Hardware Industry

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

* The bar in red indicates where Gold Circuit Electronics's Shiller PE Ratio falls into.


TPE:2368
72GF Score
Gold Circuit Electronics Ltd TPE:2368
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gold Circuit Electronics 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, Gold Circuit Electronics'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)
=5.71/324.0540*324.0540
=5.710

Current CPI (Dec. 2025) = 324.0540.

Gold Circuit Electronics Quarterly Data

per share eps CPI Adj_EPS
201603 -0.356 238.132 -0.484
201606 0.133 241.018 0.179
201609 0.256 241.428 0.344
201612 0.256 241.432 0.344
201703 -0.378 243.801 -0.502
201706 0.100 244.955 0.132
201709 -0.256 246.819 -0.336
201712 -0.022 246.524 -0.029
201803 -0.311 249.554 -0.404
201806 0.200 251.989 0.257
201809 0.522 252.439 0.670
201812 0.044 251.233 0.057
201903 -0.444 254.202 -0.566
201906 -0.167 256.143 -0.211
201909 0.200 256.759 0.252
201912 0.667 256.974 0.841
202003 0.822 258.115 1.032
202006 1.511 257.797 1.899
202009 1.178 260.280 1.467
202012 0.722 260.474 0.898
202103 1.211 264.877 1.482
202106 1.489 271.696 1.776
202109 1.450 274.310 1.713
202112 1.500 278.802 1.743
202203 1.490 287.504 1.679
202206 2.700 296.311 2.953
202209 2.720 296.808 2.970
202212 1.920 296.797 2.096
202303 0.880 301.836 0.945
202306 1.680 305.109 1.784
202309 2.390 307.789 2.516
202312 2.280 306.746 2.409
202403 2.450 312.332 2.542
202406 3.060 314.175 3.156
202409 3.210 315.301 3.299
202412 2.550 315.605 2.618
202503 3.530 319.799 3.577
202506 3.320 322.561 3.335
202509 6.450 324.800 6.435
202512 5.710 324.054 5.710

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$6.06 mean?
Gold Circuit Electronics (TPE:2368) has a E10 of NT$6.06 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Gold Circuit Electronics and its competitors.
Is Gold Circuit Electronics' E10 too high?
Gold Circuit Electronics' current E10 is NT$6.06. Overall, Gold Circuit Electronics has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gold Circuit Electronics' E10 compare to APH and GLW?
Gold Circuit Electronics' E10 of NT$6.06 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 Gold Circuit Electronics and its competitors. Gold Circuit Electronics's current E10 is NT$6.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gold Circuit Electronics stock overvalued right now?
Based on GuruFocus' analysis, Gold Circuit Electronics (TPE:2368) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$485.25, compared to a current price of NT$1,190.00 — trading 145.2% above its estimated fair value. The current E10 is NT$6.06. Gold Circuit Electronics' overall GF Score™ is 72/100 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 Gold Circuit Electronics (TPE:2368), the current E10 is NT$6.06 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 Gold Circuit Electronics (TPE:2368) Overvalued in 2026?

Based on GuruFocus' analysis, Gold Circuit Electronics stock appears to be overvalued. The current stock price of NT$1,190.00 is trading 145.2% above its estimated GF Value™ of NT$485.25. GuruFocus considers Gold Circuit Electronics to be Significantly Overvalued.

Key valuation signals for TPE:2368:

  • E10: NT$6.06
  • GF Value™: NT$485.25 vs. price of NT$1,190.00 (145.2% above fair value)
  • GF Score™: 72/100 with 3 warning signs

No single metric tells the full story. See the TPE:2368 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Gold Circuit Electronics Business Description

Address No. 113, Xiyuan Road, Zhongli Industrial Park, Zhongli District, Taoyuan, TWN, 320
Gold Circuit Electronics Ltd manufactures, processes and sells printed circuit boards for various applications. Its products are applied in notebooks, handheld devices, telecommunications, networking, and server & storage fields, among others. The company's revenue was generated from the sale of electronic products, such as printed circuit boards.
72GF Score

Get the complete analysis for TPE:2368

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

NT$1,190.00
Price
NT$485.25
GF Value