Bes Engineering Co (TPE:2515) E10: NT$0.54 (As of Dec. 2025)


TPE:2515 Bes Engineering Co TPE:2515
79 GF Score
Price NT$12.95
GF Value NT$14.81
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is Bes Engineering Co E10?

Bes Engineering Co TPE:2515 79 E10 is NT$0.54 as of Dec. 2025. GuruFocus rates TPE:2515 with a GF Score™ of 79/100 and a GF Value™ of NT$14.81 (Modestly Undervalued). The stock has 8 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.

Bes Engineering Co's adjusted earnings per share data for the three months ended in Dec. 2025 was NT$0.133. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$0.54 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Bes Engineering Co's average E10 Growth Rate was 3.80% per year. During the past 3 years, the average E10 Growth Rate was 4.70% per year. During the past 5 years, the average E10 Growth Rate was 14.80% 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 Bes Engineering Co was 27.70% per year. The lowest was 4.70% per year. And the median was 15.00% per year.

As of today (2026-06-30), Bes Engineering Co's current stock price is NT$12.95. Bes Engineering Co's E10 for the quarter that ended in Dec. 2025 was NT$0.54. Bes Engineering Co's Shiller PE Ratio of today is 23.98.

During the past 13 years, the highest Shiller PE Ratio of Bes Engineering Co was 43.84. The lowest was 15.77. And the median was 26.30.


Bes Engineering Co  (TPE:2515) 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.

Bes Engineering Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=12.95/0.54
=23.98

* 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 Bes Engineering Co was 43.84. The lowest was 15.77. And the median was 26.30.


Be Aware

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


Bes Engineering Co E10 Related Terms


Bes Engineering Co E10 Historical Data

* Premium members only.

The historical data trend for Bes Engineering 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.

Bes Engineering Co E10 Chart

Bes Engineering 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 0.41 0.47 0.50 0.52 0.54

Bes Engineering 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 0.52 0.37 0.38 0.45 0.54

TPE:2515 vs PWR, FIX, EME: E10 Comparison

For the Engineering & Construction subindustry, Bes Engineering 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.


Bes Engineering Co Shiller PE Ratio vs Construction Industry

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

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


TPE:2515
79GF Score
Bes Engineering Co TPE:2515
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bes Engineering 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, Bes Engineering 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)
=0.133/324.0540*324.0540
=0.133

Current CPI (Dec. 2025) = 324.0540.

Bes Engineering Co Quarterly Data

per share eps CPI Adj_EPS
201603 0.029 238.132 0.039
201606 -0.010 241.018 -0.013
201609 0.105 241.428 0.141
201612 0.038 241.432 0.051
201703 0.019 243.801 0.025
201706 0.076 244.955 0.101
201709 0.057 246.819 0.075
201712 0.010 246.524 0.013
201803 0.162 249.554 0.210
201806 0.048 251.989 0.062
201809 0.019 252.439 0.024
201812 0.000 251.233 0.000
201903 0.086 254.202 0.110
201906 0.029 256.143 0.037
201909 0.010 256.759 0.013
201912 0.067 256.974 0.084
202003 0.003 258.115 0.004
202006 0.171 257.797 0.215
202009 0.076 260.280 0.095
202012 0.133 260.474 0.165
202103 0.057 264.877 0.070
202106 0.048 271.696 0.057
202109 0.086 274.310 0.102
202112 1.476 278.802 1.716
202203 0.267 287.504 0.301
202206 0.038 296.311 0.042
202209 0.067 296.808 0.073
202212 0.152 296.797 0.166
202303 0.067 301.836 0.072
202306 0.105 305.109 0.112
202309 0.095 307.789 0.100
202312 0.124 306.746 0.131
202403 0.067 312.332 0.070
202406 0.095 314.175 0.098
202409 0.152 315.301 0.156
202412 0.136 315.605 0.140
202503 0.076 319.799 0.077
202506 0.095 322.561 0.095
202509 0.086 324.800 0.086
202512 0.133 324.054 0.133

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$0.54 mean?
Bes Engineering Co (TPE:2515) has a E10 of NT$0.54 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Bes Engineering Co and its competitors.
Is Bes Engineering Co's E10 too high?
Bes Engineering Co's current E10 is NT$0.54. Overall, Bes Engineering Co has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bes Engineering Co's E10 compare to PWR and FIX?
Bes Engineering Co's E10 of NT$0.54 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 Bes Engineering Co and its competitors. Bes Engineering Co's current E10 is NT$0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bes Engineering Co stock overvalued right now?
Based on GuruFocus' analysis, Bes Engineering Co (TPE:2515) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$14.81, compared to a current price of NT$12.95 — trading 12.6% below its estimated fair value. The current E10 is NT$0.54. Bes Engineering Co's overall GF Score™ is 79/100 with 8 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 Bes Engineering Co (TPE:2515), the current E10 is NT$0.54 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 Bes Engineering Co (TPE:2515) Overvalued in 2026?

Based on GuruFocus' analysis, Bes Engineering Co stock appears to be undervalued. The current stock price of NT$12.95 is trading 12.6% below its estimated GF Value™ of NT$14.81. GuruFocus considers Bes Engineering Co to be Modestly Undervalued.

Key valuation signals for TPE:2515:

  • E10: NT$0.54
  • GF Value™: NT$14.81 vs. price of NT$12.95 (12.6% below fair value)
  • GF Score™: 79/100 with 8 warning signs

No single metric tells the full story. See the TPE:2515 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bes Engineering Co Business Description

Address 6th Floor, No. 12, Dongxing Road, Songshan District, Taipei, TWN
Bes Engineering Co engages mainly in civil engineering, building construction, real estate transactions, and the development of industrial districts for the government. Its construction engineering includes super high-rise buildings, high-end residences, department stores, office buildings, factories and offices, medical buildings, schools, gymnasiums, and large-scale community development.
79GF Score

Get the complete analysis for TPE:2515

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

NT$12.95
Price
NT$14.81
GF Value