United Integrated Services Co (TPE:2404) E10: NT$24.14 (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.
Reviewed by: Charlie Tian Charlie Tian
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:2404 United Integrated Services Co Ltd TPE:2404
85 GF Score
Price NT$1,120.00
GF Value NT$605.36
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is United Integrated Services Co E10?

United Integrated Services Co TPE:2404 -3.86% 85 E10 is NT$24.14 as of Mar. 2026. GuruFocus rates TPE:2404 with a GF Score™ of 85/100 and a GF Value™ of NT$605.36 (Significantly Overvalued). The stock has 1 warning sign 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.

United Integrated Services Co's adjusted earnings per share data for the three months ended in Mar. 2026 was NT$16.190. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$24.14 for the trailing ten years ended in Mar. 2026.

During the past 12 months, United Integrated Services Co's average E10 Growth Rate was 26.40% per year. During the past 3 years, the average E10 Growth Rate was 20.90% per year. During the past 5 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 United Integrated Services Co was 20.90% per year. The lowest was 18.00% per year. And the median was 20.60% per year.

As of today (2026-07-26), United Integrated Services Co's current stock price is NT$1120.00. United Integrated Services Co's E10 for the quarter that ended in Mar. 2026 was NT$24.14. United Integrated Services Co's Shiller PE Ratio of today is 46.40.

During the past 13 years, the highest Shiller PE Ratio of United Integrated Services Co was 62.47. The lowest was 11.65. And the median was 22.73.


United Integrated Services Co  (TPE:2404) 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.

United Integrated Services Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1120.00/24.14
=46.40

* 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 United Integrated Services Co was 62.47. The lowest was 11.65. And the median was 22.73.


Be Aware

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


United Integrated Services Co E10 Related Terms


United Integrated Services Co E10 Historical Data

* Premium members only.

The historical data trend for United Integrated Services 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.

United Integrated Services Co E10 Chart

United Integrated Services 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 10.24 12.65 14.76 17.95 22.33

United Integrated Services 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 19.10 19.69 21.12 22.33 24.14

TPE:2404 vs PWR, FIX, EME: E10 Comparison

For the Engineering & Construction subindustry, United Integrated Services 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.


United Integrated Services Co Shiller PE Ratio vs Construction Industry

For the Construction industry and Industrials sector, United Integrated Services Co's Shiller PE Ratio distribution charts can be found below:

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


TPE:2404
85GF Score
United Integrated Services Co Ltd TPE:2404
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

United Integrated Services 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, United Integrated Services 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)
=16.19/330.2130*330.2130
=16.190

Current CPI (Mar. 2026) = 330.2130.

United Integrated Services Co Quarterly Data

per share eps CPI Adj_EPS
201606 2.050 241.018 2.809
201609 2.200 241.428 3.009
201612 2.050 241.432 2.804
201703 0.963 243.801 1.304
201706 1.888 244.955 2.545
201709 2.150 246.819 2.876
201712 1.274 246.524 1.706
201803 0.780 249.554 1.032
201806 1.740 251.989 2.280
201809 3.280 252.439 4.291
201812 3.480 251.233 4.574
201903 3.650 254.202 4.741
201906 3.920 256.143 5.054
201909 2.960 256.759 3.807
201912 4.070 256.974 5.230
202003 3.850 258.115 4.925
202006 5.800 257.797 7.429
202009 6.680 260.280 8.475
202012 4.580 260.474 5.806
202103 3.900 264.877 4.862
202106 2.910 271.696 3.537
202109 3.470 274.310 4.177
202112 4.120 278.802 4.880
202203 2.780 287.504 3.193
202206 4.620 296.311 5.149
202209 8.350 296.808 9.290
202212 5.250 296.797 5.841
202303 5.970 301.836 6.531
202306 6.540 305.109 7.078
202309 6.880 307.789 7.381
202312 5.160 306.746 5.555
202403 6.750 312.332 7.136
202406 6.330 314.175 6.653
202409 9.170 315.301 9.604
202412 10.390 315.605 10.871
202503 10.490 319.799 10.832
202506 7.380 322.561 7.555
202509 16.020 324.800 16.287
202512 13.860 324.054 14.123
202603 16.190 330.213 16.190

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$24.14 mean?
United Integrated Services Co (TPE:2404) has a E10 of NT$24.14 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on United Integrated Services Co and its competitors.
Is United Integrated Services Co's E10 too high?
United Integrated Services Co's current E10 is NT$24.14. Overall, United Integrated Services Co has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does United Integrated Services Co's E10 compare to PWR and FIX?
United Integrated Services Co's E10 of NT$24.14 can be compared against companies in the Construction 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 Construction company?
A good E10 depends on the Construction 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 United Integrated Services Co and its competitors. United Integrated Services Co's current E10 is NT$24.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Integrated Services Co stock overvalued right now?
Based on GuruFocus' analysis, United Integrated Services Co (TPE:2404) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$605.36, compared to a current price of NT$1,120.00 — trading 85% above its estimated fair value. The current E10 is NT$24.14. United Integrated Services Co's overall GF Score™ is 85/100 with 1 warning sign 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 United Integrated Services Co (TPE:2404), the current E10 is NT$24.14 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 United Integrated Services Co (TPE:2404) Overvalued in 2026?

Based on GuruFocus' analysis, United Integrated Services Co stock appears to be overvalued. The current stock price of NT$1,120.00 is trading 85% above its estimated GF Value™ of NT$605.36. GuruFocus considers United Integrated Services Co to be Significantly Overvalued.

Key valuation signals for TPE:2404:

  • E10: NT$24.14
  • GF Value™: NT$605.36 vs. price of NT$1,120.00 (85% above fair value)
  • GF Score™: 85/100 with 1 warning sign

No single metric tells the full story. See the TPE:2404 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


United Integrated Services Co Business Description

Address No. 13, Qiaohe Road, 13th Floor, Zhonghe District, New Taipei, TWN, 235029
United Integrated Services Co Ltd is a Taiwan-based engineering and construction company. The company's service offerings include engineering consulting and high-tech factory planning and delivery that integrate clients' clean-room systems; heating, ventilation, and air-conditioning systems; electrical systems; instrumentation and control; process utilities telecommunication systems; and tool hook-up. The company also provides turnkey services, including planning, procurement, construction, startup/commissioning, and post-construction operation and maintenance services. Its operating segments are Engineering and Integration department; Maintenance and Design department; and Other.
85GF Score

Get the complete analysis for TPE:2404

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

NT$1,120.00
Price
NT$605.36
GF Value