DFI (TPE:2397) E10: NT$4.96 (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.
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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:2397 DFI Inc TPE:2397
67 GF Score
Price NT$54.00
GF Value NT$87.26
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is DFI E10?

DFI TPE:2397 -3.40% 67 E10 is NT$4.96 as of Mar. 2026. GuruFocus rates TPE:2397 with a GF Score™ of 67/100 and a GF Value™ of NT$87.26 (Significantly Undervalued). The stock has 4 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.

DFI's adjusted earnings per share data for the three months ended in Mar. 2026 was NT$0.760. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$4.96 for the trailing ten years ended in Mar. 2026.

During the past 12 months, DFI's average E10 Growth Rate was -2.40% per year. During the past 3 years, the average E10 Growth Rate was 1.70% per year. During the past 5 years, the average E10 Growth Rate was 6.20% 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 DFI was 11.70% per year. The lowest was 1.70% per year. And the median was 8.20% per year.

As of today (2026-07-30), DFI's current stock price is NT$54.00. DFI's E10 for the quarter that ended in Mar. 2026 was NT$4.96. DFI's Shiller PE Ratio of today is 10.89.

During the past 13 years, the highest Shiller PE Ratio of DFI was 24.99. The lowest was 10.79. And the median was 14.42.


DFI  (TPE:2397) 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.

DFI's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=54.00/4.96
=10.89

* 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 DFI was 24.99. The lowest was 10.79. And the median was 14.42.


Be Aware

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


DFI E10 Related Terms


DFI E10 Historical Data

* Premium members only.

The historical data trend for DFI'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.

DFI E10 Chart

DFI 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 4.22 4.72 4.91 5.01 4.97

DFI 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 5.08 5.11 5.07 4.97 4.96

TPE:2397 vs DELL, ANET, SNDK: E10 Comparison

For the Computer Hardware subindustry, DFI'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.


DFI Shiller PE Ratio vs Hardware Industry

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

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


TPE:2397
67GF Score
DFI Inc TPE:2397
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DFI 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, DFI'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)
=0.76/330.2130*330.2130
=0.760

Current CPI (Mar. 2026) = 330.2130.

DFI Quarterly Data

per share eps CPI Adj_EPS
201606 1.180 241.018 1.617
201609 1.020 241.428 1.395
201612 1.060 241.432 1.450
201703 0.680 243.801 0.921
201706 1.100 244.955 1.483
201709 1.190 246.819 1.592
201712 0.670 246.524 0.897
201803 1.140 249.554 1.508
201806 1.610 251.989 2.110
201809 1.370 252.439 1.792
201812 1.120 251.233 1.472
201903 1.430 254.202 1.858
201906 1.700 256.143 2.192
201909 1.340 256.759 1.723
201912 1.000 256.974 1.285
202003 1.250 258.115 1.599
202006 0.670 257.797 0.858
202009 0.930 260.280 1.180
202012 0.670 260.474 0.849
202103 0.580 264.877 0.723
202106 0.550 271.696 0.668
202109 0.620 274.310 0.746
202112 3.590 278.802 4.252
202203 0.730 287.504 0.838
202206 1.000 296.311 1.114
202209 1.690 296.808 1.880
202212 1.170 296.797 1.302
202303 1.090 301.836 1.192
202306 0.850 305.109 0.920
202309 0.470 307.789 0.504
202312 0.730 306.746 0.786
202403 0.450 312.332 0.476
202406 0.640 314.175 0.673
202409 0.800 315.301 0.838
202412 1.560 315.605 1.632
202503 0.930 319.799 0.960
202506 0.880 322.561 0.901
202509 0.660 324.800 0.671
202512 0.010 324.054 0.010
202603 0.760 330.213 0.760

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$4.96 mean?
DFI (TPE:2397) has a E10 of NT$4.96 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on DFI and its competitors.
Is DFI's E10 too high?
DFI's current E10 is NT$4.96. Overall, DFI has a GF Score™ of 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does DFI's E10 compare to DELL and ANET?
DFI's E10 of NT$4.96 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 DFI and its competitors. DFI's current E10 is NT$4.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DFI stock overvalued right now?
Based on GuruFocus' analysis, DFI (TPE:2397) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$87.26, compared to a current price of NT$54.00 — trading 38.1% below its estimated fair value. The current E10 is NT$4.96. DFI's overall GF Score™ is 67/100 with 4 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 DFI (TPE:2397), the current E10 is NT$4.96 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 DFI (TPE:2397) Overvalued in 2026?

Based on GuruFocus' analysis, DFI stock appears to be undervalued. The current stock price of NT$54.00 is trading 38.1% below its estimated GF Value™ of NT$87.26. GuruFocus considers DFI to be Significantly Undervalued.

Key valuation signals for TPE:2397:

  • E10: NT$4.96
  • GF Value™: NT$87.26 vs. price of NT$54.00 (38.1% below fair value)
  • GF Score™: 67/100 with 4 warning signs

No single metric tells the full story. See the TPE:2397 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DFI Business Description

Address No. 97, Section 1, Xintai 5th Road, 10th Floor, Xizhi District, New Taipei, TWN, 22175
DFI Inc is engaged in the manufacturing and sales of boards and computer components for industrial computers. The company designs and innovates quality management systems, DFI's industrial-grade solutions enable customers to optimize their equipment and ensure reliability, long-term life cycle, and all-time durability in a breadth of markets including Industry Automation, Medical, Gaming, Transportation, Energy, mission-critical, and intelligent retail.
67GF Score

Get the complete analysis for TPE:2397

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

NT$54.00
Price
NT$87.26
GF Value