Elite Material Co (TPE:2383) E10: NT$19.36 (As of Mar. 2026)


TPE:2383 Elite Material Co Ltd TPE:2383
74 GF Score
Price NT$5,255.00
GF Value NT$1,304.22
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Elite Material Co E10?

Elite Material Co TPE:2383 -6.83% 74 E10 is NT$19.36 as of Mar. 2026. GuruFocus rates TPE:2383 with a GF Score™ of 74/100 and a GF Value™ of NT$1,304.22 (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.

Elite Material Co's adjusted earnings per share data for the three months ended in Mar. 2026 was NT$14.890. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$19.36 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Elite Material Co's average E10 Growth Rate was 27.00% per year. During the past 3 years, the average E10 Growth Rate was 19.90% per year. During the past 5 years, the average E10 Growth Rate was 20.00% 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 Elite Material Co was 20.00% per year. The lowest was 15.70% per year. And the median was 18.80% per year.

As of today (2026-06-29), Elite Material Co's current stock price is NT$5255.00. Elite Material Co's E10 for the quarter that ended in Mar. 2026 was NT$19.36. Elite Material Co's Shiller PE Ratio of today is 271.44.

During the past 13 years, the highest Shiller PE Ratio of Elite Material Co was 289.26. The lowest was 11.64. And the median was 27.34.


Elite Material Co  (TPE:2383) 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.

Elite Material Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=5255.00/19.36
=271.44

* 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 Elite Material Co was 289.26. The lowest was 11.64. And the median was 27.34.


Be Aware

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


Elite Material Co E10 Related Terms


Elite Material Co E10 Historical Data

* Premium members only.

The historical data trend for Elite Material 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.

Elite Material Co E10 Chart

Elite Material 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 8.69 10.30 11.87 14.31 17.77

Elite Material Co 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 15.24 16.13 17.02 17.77 19.36

TPE:2383 vs APH, GLW, TEL: E10 Comparison

For the Electronic Components subindustry, Elite Material 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.


Elite Material Co Shiller PE Ratio vs Hardware Industry

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

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


TPE:2383
74GF Score
Elite Material Co Ltd TPE:2383
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Elite Material 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, Elite Material Co'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)
=14.89/330.2130*330.2130
=14.890

Current CPI (Mar. 2026) = 330.2130.

Elite Material Co Quarterly Data

per share eps CPI Adj_EPS
201606 1.870 241.018 2.562
201609 2.580 241.428 3.529
201612 2.480 241.432 3.392
201703 2.250 243.801 3.047
201706 2.230 244.955 3.006
201709 2.340 246.819 3.131
201712 1.720 246.524 2.304
201803 0.850 249.554 1.125
201806 1.220 251.989 1.599
201809 1.960 252.439 2.564
201812 1.300 251.233 1.709
201903 1.410 254.202 1.832
201906 2.030 256.143 2.617
201909 2.880 256.759 3.704
201912 3.420 256.974 4.395
202003 2.210 258.115 2.827
202006 2.580 257.797 3.305
202009 3.370 260.280 4.275
202012 2.920 260.474 3.702
202103 2.890 264.877 3.603
202106 3.750 271.696 4.558
202109 5.370 274.310 6.464
202112 4.460 278.802 5.282
202203 3.970 287.504 4.560
202206 3.220 296.311 3.588
202209 3.810 296.808 4.239
202212 3.890 296.797 4.328
202303 1.390 301.836 1.521
202306 2.860 305.109 3.095
202309 5.790 307.789 6.212
202312 5.720 306.746 6.158
202403 5.690 312.332 6.016
202406 7.010 314.175 7.368
202409 7.250 315.301 7.593
202412 7.360 315.605 7.701
202503 9.720 319.799 10.037
202506 9.620 322.561 9.848
202509 11.060 324.800 11.244
202512 10.430 324.054 10.628
202603 14.890 330.213 14.890

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$19.36 mean?
Elite Material Co (TPE:2383) has a E10 of NT$19.36 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Elite Material Co and its competitors.
Is Elite Material Co's E10 too high?
Elite Material Co's current E10 is NT$19.36. Overall, Elite Material Co has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Elite Material Co's E10 compare to APH and GLW?
Elite Material Co's E10 of NT$19.36 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 Elite Material Co and its competitors. Elite Material Co's current E10 is NT$19.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elite Material Co stock overvalued right now?
Based on GuruFocus' analysis, Elite Material Co (TPE:2383) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$1,304.22, compared to a current price of NT$5,255.00 — trading 302.9% above its estimated fair value. The current E10 is NT$19.36. Elite Material Co's overall GF Score™ is 74/100 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 Elite Material Co (TPE:2383), the current E10 is NT$19.36 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 Elite Material Co (TPE:2383) Overvalued in 2026?

Based on GuruFocus' analysis, Elite Material Co stock appears to be overvalued. The current stock price of NT$5,255.00 is trading 302.9% above its estimated GF Value™ of NT$1,304.22. GuruFocus considers Elite Material Co to be Significantly Overvalued.

Key valuation signals for TPE:2383:

  • E10: NT$19.36
  • GF Value™: NT$1,304.22 vs. price of NT$5,255.00 (302.9% above fair value)
  • GF Score™: 74/100 with 7 warning signs

No single metric tells the full story. See the TPE:2383 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Elite Material Co Business Description

Address No. 18, Datong 1st Road, Guanyin District, Taoyuan, TWN, 328
Elite Material Co Ltd is engaged in the manufacturing and selling of printed circuit boards, copper-clad laminates, electronic-industrial specialty chemicals, raw materials, work-in-progress, and finished goods of electronic components. The Group has three reportable segments: the domestic segment produces and sells various types of printed circuit board products, electronic-industrial specialty chemicals, and electronic components; the Foreign segment produces and sells prepreg for printed circuit boards and copper-clad laminates; and the Other segment includes investment and product exchange business. Geographically, it operates in Taiwan, China, and Other countries.
74GF Score

Get the complete analysis for TPE:2383

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

NT$5,255.00
Price
NT$1,304.22
GF Value