Good Will Instrument Co (TPE:2423) E10: NT$2.63 (As of Dec. 2025)


TPE:2423 Good Will Instrument Co Ltd TPE:2423
75 GF Score
Price NT$72.00
GF Value NT$41.45
Valuation Significantly Overvalued
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What is Good Will Instrument Co E10?

Good Will Instrument Co TPE:2423 -2.04% 75 E10 is NT$2.63 as of Dec. 2025. GuruFocus rates TPE:2423 with a GF Score™ of 75/100 and a GF Value™ of NT$41.45 (Significantly Overvalued).

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.

Good Will Instrument Co's adjusted earnings per share data for the three months ended in Dec. 2025 was NT$0.920. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$2.63 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Good Will Instrument Co's average E10 Growth Rate was 5.60% per year. During the past 3 years, the average E10 Growth Rate was 8.10% per year. During the past 5 years, the average E10 Growth Rate was 10.00% 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 Good Will Instrument Co was 11.60% per year. The lowest was 7.20% per year. And the median was 9.80% per year.

As of today (2026-06-29), Good Will Instrument Co's current stock price is NT$72.00. Good Will Instrument Co's E10 for the quarter that ended in Dec. 2025 was NT$2.63. Good Will Instrument Co's Shiller PE Ratio of today is 27.38.

During the past 13 years, the highest Shiller PE Ratio of Good Will Instrument Co was 31.22. The lowest was 11.92. And the median was 15.86.


Good Will Instrument Co  (TPE:2423) 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.

Good Will Instrument Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=72.00/2.63
=27.38

* 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 Good Will Instrument Co was 31.22. The lowest was 11.92. And the median was 15.86.


Be Aware

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


Good Will Instrument Co E10 Related Terms


Good Will Instrument Co E10 Historical Data

* Premium members only.

The historical data trend for Good Will Instrument 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.

Good Will Instrument Co E10 Chart

Good Will Instrument 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 1.79 2.08 2.34 2.49 2.63

Good Will Instrument 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 2.49 2.54 2.58 2.61 2.63

TPE:2423 vs COHR, KEYS, GRMN: E10 Comparison

For the Scientific & Technical Instruments subindustry, Good Will Instrument 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.


Good Will Instrument Co Shiller PE Ratio vs Hardware Industry

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

* The bar in red indicates where Good Will Instrument Co's Shiller PE Ratio falls into.


TPE:2423
75GF Score
Good Will Instrument Co Ltd TPE:2423
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Good Will Instrument 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, Good Will Instrument 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)
=0.92/324.0540*324.0540
=0.920

Current CPI (Dec. 2025) = 324.0540.

Good Will Instrument Co Quarterly Data

per share eps CPI Adj_EPS
201603 0.400 238.132 0.544
201606 0.480 241.018 0.645
201609 0.400 241.428 0.537
201612 0.470 241.432 0.631
201703 0.500 243.801 0.665
201706 0.730 244.955 0.966
201709 0.400 246.819 0.525
201712 0.310 246.524 0.407
201803 0.450 249.554 0.584
201806 0.710 251.989 0.913
201809 0.560 252.439 0.719
201812 0.630 251.233 0.813
201903 0.480 254.202 0.612
201906 0.540 256.143 0.683
201909 0.600 256.759 0.757
201912 0.520 256.974 0.656
202003 0.430 258.115 0.540
202006 0.140 257.797 0.176
202009 0.430 260.280 0.535
202012 0.370 260.474 0.460
202103 0.450 264.877 0.551
202106 0.280 271.696 0.334
202109 0.620 274.310 0.732
202112 0.620 278.802 0.721
202203 0.640 287.504 0.721
202206 0.590 296.311 0.645
202209 0.820 296.808 0.895
202212 0.710 296.797 0.775
202303 0.560 301.836 0.601
202306 0.610 305.109 0.648
202309 0.770 307.789 0.811
202312 1.000 306.746 1.056
202403 0.600 312.332 0.623
202406 0.410 314.175 0.423
202409 0.570 315.301 0.586
202412 0.830 315.605 0.852
202503 0.660 319.799 0.669
202506 0.530 322.561 0.532
202509 0.790 324.800 0.788
202512 0.920 324.054 0.920

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$2.63 mean?
Good Will Instrument Co (TPE:2423) has a E10 of NT$2.63 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Good Will Instrument Co and its competitors.
Is Good Will Instrument Co's E10 too high?
Good Will Instrument Co's current E10 is NT$2.63. Overall, Good Will Instrument Co has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Good Will Instrument Co's E10 compare to COHR and KEYS?
Good Will Instrument Co's E10 of NT$2.63 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 Good Will Instrument Co and its competitors. Good Will Instrument Co's current E10 is NT$2.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Good Will Instrument Co stock overvalued right now?
Based on GuruFocus' analysis, Good Will Instrument Co (TPE:2423) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$41.45, compared to a current price of NT$72.00 — trading 73.7% above its estimated fair value. The current E10 is NT$2.63. Good Will Instrument Co's overall GF Score™ is 75/100. 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 Good Will Instrument Co (TPE:2423), the current E10 is NT$2.63 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 Good Will Instrument Co (TPE:2423) Overvalued in 2026?

Based on GuruFocus' analysis, Good Will Instrument Co stock appears to be overvalued. The current stock price of NT$72.00 is trading 73.7% above its estimated GF Value™ of NT$41.45. GuruFocus considers Good Will Instrument Co to be Significantly Overvalued.

Key valuation signals for TPE:2423:

  • E10: NT$2.63
  • GF Value™: NT$41.45 vs. price of NT$72.00 (73.7% above fair value)
  • GF Score™: 75/100

No single metric tells the full story. See the TPE:2423 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Good Will Instrument Co Business Description

Address Jhongsing Road, No. 7-1, Tucheng District, New Taipei City, TWN, 236
Good Will Instrument Co Ltd manufactures and sells electrical testing instruments, communication equipment, and related products. Its products include oscilloscopes, spectrum analyzers, signal sources, power supplies, public broadcasting and video monitoring systems, environmental testing equipment, constant temperature and humidity equipment, and vibration test equipment, among others. Geographically, the company generates a majority of its revenue from China and the rest from Japan, Taiwan, America, Europe, and other countries.
75GF Score

Get the complete analysis for TPE:2423

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

NT$72.00
Price
NT$41.45
GF Value