Cathay Real Estate Development Co (TPE:2501) E10: NT$1.99 (As of Dec. 2025)


TPE:2501 Cathay Real Estate Development Co Ltd TPE:2501
85 GF Score
Price NT$24.75
GF Value NT$25.43
Valuation Fairly Valued
! 7 Warning Signs
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What is Cathay Real Estate Development Co E10?

Cathay Real Estate Development Co TPE:2501 +2.06% 85 E10 is NT$1.99 as of Dec. 2025. GuruFocus rates TPE:2501 with a GF Score™ of 85/100 and a GF Value™ of NT$25.43 (Fairly Valued). 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.

Cathay Real Estate Development 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$1.99 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Cathay Real Estate Development Co's average E10 Growth Rate was 8.20% per year. During the past 3 years, the average E10 Growth Rate was 1.00% per year. During the past 5 years, the average E10 Growth Rate was -0.20% 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 Cathay Real Estate Development Co was 1.00% per year. The lowest was -1.70% per year. And the median was -0.30% per year.

As of today (2026-07-06), Cathay Real Estate Development Co's current stock price is NT$24.75. Cathay Real Estate Development Co's E10 for the quarter that ended in Dec. 2025 was NT$1.99. Cathay Real Estate Development Co's Shiller PE Ratio of today is 12.44.

During the past 13 years, the highest Shiller PE Ratio of Cathay Real Estate Development Co was 19.47. The lowest was 7.74. And the median was 10.30.


Cathay Real Estate Development Co  (TPE:2501) 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.

Cathay Real Estate Development Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=24.75/1.99
=12.44

* 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 Cathay Real Estate Development Co was 19.47. The lowest was 7.74. And the median was 10.30.


Be Aware

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


Cathay Real Estate Development Co E10 Related Terms


Cathay Real Estate Development Co E10 Historical Data

* Premium members only.

The historical data trend for Cathay Real Estate Development 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.

Cathay Real Estate Development Co E10 Chart

Cathay Real Estate Development 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 1.89 1.93 1.99 1.84 1.99

Cathay Real Estate Development 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 1.84 1.71 1.81 1.87 1.99

Cathay Real Estate Development Co E10 Competitor Comparison

For the Real Estate - Development subindustry, Cathay Real Estate Development 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.


Cathay Real Estate Development Co Shiller PE Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Cathay Real Estate Development Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Cathay Real Estate Development Co's Shiller PE Ratio falls into.


TPE:2501
85GF Score
Cathay Real Estate Development Co Ltd TPE:2501
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cathay Real Estate Development 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, Cathay Real Estate Development 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.

Cathay Real Estate Development Co Quarterly Data

per share eps CPI Adj_EPS
201603 0.160 238.132 0.218
201606 0.610 241.018 0.820
201609 0.470 241.428 0.631
201612 0.943 241.432 1.266
201703 0.570 243.801 0.758
201706 0.140 244.955 0.185
201709 0.110 246.819 0.144
201712 0.426 246.524 0.560
201803 0.330 249.554 0.429
201806 0.500 251.989 0.643
201809 1.490 252.439 1.913
201812 0.790 251.233 1.019
201903 0.030 254.202 0.038
201906 0.390 256.143 0.493
201909 -0.020 256.759 -0.025
201912 0.780 256.974 0.984
202003 -0.150 258.115 -0.188
202006 0.210 257.797 0.264
202009 0.270 260.280 0.336
202012 0.950 260.474 1.182
202103 -0.010 264.877 -0.012
202106 -0.260 271.696 -0.310
202109 0.080 274.310 0.095
202112 0.920 278.802 1.069
202203 -0.190 287.504 -0.214
202206 -0.090 296.311 -0.098
202209 0.380 296.808 0.415
202212 0.940 296.797 1.026
202303 0.120 301.836 0.129
202306 0.360 305.109 0.382
202309 0.210 307.789 0.221
202312 1.180 306.746 1.247
202403 0.470 312.332 0.488
202406 0.300 314.175 0.309
202409 0.070 315.301 0.072
202412 0.520 315.605 0.534
202503 0.170 319.799 0.172
202506 1.210 322.561 1.216
202509 0.530 324.800 0.529
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$1.99 mean?
Cathay Real Estate Development Co (TPE:2501) has a E10 of NT$1.99 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Cathay Real Estate Development Co and its competitors.
Is Cathay Real Estate Development Co's E10 too high?
Cathay Real Estate Development Co's current E10 is NT$1.99. Overall, Cathay Real Estate Development Co has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cathay Real Estate Development Co's E10 compare to competitors?
Cathay Real Estate Development Co's E10 of NT$1.99 can be compared against companies in the Real Estate 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 Real Estate company?
A good E10 depends on the Real Estate 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 Cathay Real Estate Development Co and its competitors. Cathay Real Estate Development Co's current E10 is NT$1.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cathay Real Estate Development Co stock overvalued right now?
Based on GuruFocus' analysis, Cathay Real Estate Development Co (TPE:2501) is currently considered Fairly Valued. The stock's GF Value™ is NT$25.43, compared to a current price of NT$24.75 — trading 2.7% below its estimated fair value. The current E10 is NT$1.99. Cathay Real Estate Development Co's overall GF Score™ is 85/100 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 Cathay Real Estate Development Co (TPE:2501), the current E10 is NT$1.99 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 Cathay Real Estate Development Co (TPE:2501) Overvalued in 2026?

Based on GuruFocus' analysis, Cathay Real Estate Development Co stock appears to be undervalued. The current stock price of NT$24.75 is trading 2.7% below its estimated GF Value™ of NT$25.43. GuruFocus considers Cathay Real Estate Development Co to be Fairly Valued.

Key valuation signals for TPE:2501:

  • E10: NT$1.99
  • GF Value™: NT$25.43 vs. price of NT$24.75 (2.7% below fair value)
  • GF Score™: 85/100 with 7 warning signs

No single metric tells the full story. See the TPE:2501 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cathay Real Estate Development Co Business Description

Address Dunhua South Road, 2nd Floor, No. 218, Section 2, Da’an District, Taipei City, TWN, 106
Cathay Real Estate Development Co Ltd is engaged in commissioning contractors to build residential and commercial buildings for leasing and selling, and provides services in real estate, health management, tourism, and hospitality in Taiwan and around the world. The Group operates through the Property and Real Estate Development department, which generates maximum revenue and is responsible for commissioning construction contractors to build residential and commercial buildings for lease or sale, and equipment leasing operations, and the Construction department, which is engaged in construction contracting and construction management. Its projects include Urban Harmony in Taipei City and Taoyuan City, Park Front Row and Cathay Grand Park in Taoyuan City, and others.
85GF Score

Get the complete analysis for TPE:2501

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

NT$24.75
Price
NT$25.43
GF Value