HUNG SHENG Construction Co (TPE:2534) E10: NT$3.27 (As of Dec. 2025)


TPE:2534 HUNG SHENG Construction Co Ltd TPE:2534
72 GF Score
Price NT$16.60
GF Value NT$18.42
Valuation Modestly Undervalued
! 7 Warning Signs
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What is HUNG SHENG Construction Co E10?

HUNG SHENG Construction Co TPE:2534 -1.19% 72 E10 is NT$3.27 as of Dec. 2025. GuruFocus rates TPE:2534 with a GF Score™ of 72/100 and a GF Value™ of NT$18.42 (Modestly Undervalued). 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.

HUNG SHENG Construction Co's adjusted earnings per share data for the three months ended in Dec. 2025 was NT$0.210. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$3.27 for the trailing ten years ended in Dec. 2025.

During the past 12 months, HUNG SHENG Construction Co's average E10 Growth Rate was 5.50% per year. During the past 3 years, the average E10 Growth Rate was 7.40% per year. During the past 5 years, the average E10 Growth Rate was 10.40% 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 HUNG SHENG Construction Co was 12.80% per year. The lowest was -0.30% per year. And the median was 7.40% per year.

As of today (2026-06-29), HUNG SHENG Construction Co's current stock price is NT$16.60. HUNG SHENG Construction Co's E10 for the quarter that ended in Dec. 2025 was NT$3.27. HUNG SHENG Construction Co's Shiller PE Ratio of today is 5.08.

During the past 13 years, the highest Shiller PE Ratio of HUNG SHENG Construction Co was 21.29. The lowest was 5.08. And the median was 9.19.


HUNG SHENG Construction Co  (TPE:2534) 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.

HUNG SHENG Construction Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=16.60/3.27
=5.08

* 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 HUNG SHENG Construction Co was 21.29. The lowest was 5.08. And the median was 9.19.


Be Aware

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


HUNG SHENG Construction Co E10 Related Terms


HUNG SHENG Construction Co E10 Historical Data

* Premium members only.

The historical data trend for HUNG SHENG Construction 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.

HUNG SHENG Construction Co E10 Chart

HUNG SHENG Construction 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 2.16 2.64 2.88 3.10 3.27

HUNG SHENG Construction 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 3.10 3.25 3.23 3.28 3.27

HUNG SHENG Construction Co E10 Competitor Comparison

For the Real Estate - Development subindustry, HUNG SHENG Construction 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.


HUNG SHENG Construction Co Shiller PE Ratio vs Real Estate Industry

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

* The bar in red indicates where HUNG SHENG Construction Co's Shiller PE Ratio falls into.


TPE:2534
72GF Score
HUNG SHENG Construction Co Ltd TPE:2534
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

HUNG SHENG Construction 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, HUNG SHENG Construction 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)
=0.21/324.0540*324.0540
=0.210

Current CPI (Dec. 2025) = 324.0540.

HUNG SHENG Construction Co Quarterly Data

per share eps CPI Adj_EPS
201603 0.022 238.132 0.030
201606 0.547 241.018 0.735
201609 0.065 241.428 0.087
201612 1.263 241.432 1.695
201703 1.901 243.801 2.527
201706 1.419 244.955 1.877
201709 0.594 246.819 0.780
201712 1.797 246.524 2.362
201803 3.297 249.554 4.281
201806 1.906 251.989 2.451
201809 0.578 252.439 0.742
201812 0.569 251.233 0.734
201903 0.438 254.202 0.558
201906 0.563 256.143 0.712
201909 0.800 256.759 1.010
201912 0.090 256.974 0.113
202003 0.400 258.115 0.502
202006 -0.040 257.797 -0.050
202009 0.230 260.280 0.286
202012 0.530 260.474 0.659
202103 0.370 264.877 0.453
202106 0.310 271.696 0.370
202109 0.520 274.310 0.614
202112 0.590 278.802 0.686
202203 0.840 287.504 0.947
202206 0.510 296.311 0.558
202209 0.520 296.808 0.568
202212 2.290 296.797 2.500
202303 0.740 301.836 0.794
202306 -0.120 305.109 -0.127
202309 0.190 307.789 0.200
202312 0.290 306.746 0.306
202403 0.100 312.332 0.104
202406 -0.120 314.175 -0.124
202409 0.020 315.301 0.021
202412 0.632 315.605 0.649
202503 1.010 319.799 1.023
202506 0.820 322.561 0.824
202509 0.030 324.800 0.030
202512 0.210 324.054 0.210

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$3.27 mean?
HUNG SHENG Construction Co (TPE:2534) has a E10 of NT$3.27 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on HUNG SHENG Construction Co and its competitors.
Is HUNG SHENG Construction Co's E10 too high?
HUNG SHENG Construction Co's current E10 is NT$3.27. Overall, HUNG SHENG Construction Co has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HUNG SHENG Construction Co's E10 compare to competitors?
HUNG SHENG Construction Co's E10 of NT$3.27 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 HUNG SHENG Construction Co and its competitors. HUNG SHENG Construction Co's current E10 is NT$3.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HUNG SHENG Construction Co stock overvalued right now?
Based on GuruFocus' analysis, HUNG SHENG Construction Co (TPE:2534) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$18.42, compared to a current price of NT$16.60 — trading 9.9% below its estimated fair value. The current E10 is NT$3.27. HUNG SHENG Construction Co's overall GF Score™ is 72/100 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 HUNG SHENG Construction Co (TPE:2534), the current E10 is NT$3.27 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 HUNG SHENG Construction Co (TPE:2534) Overvalued in 2026?

Based on GuruFocus' analysis, HUNG SHENG Construction Co stock appears to be undervalued. The current stock price of NT$16.60 is trading 9.9% below its estimated GF Value™ of NT$18.42. GuruFocus considers HUNG SHENG Construction Co to be Modestly Undervalued.

Key valuation signals for TPE:2534:

  • E10: NT$3.27
  • GF Value™: NT$18.42 vs. price of NT$16.60 (9.9% below fair value)
  • GF Score™: 72/100 with 7 warning signs

No single metric tells the full story. See the TPE:2534 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


HUNG SHENG Construction Co Business Description

Address No. 168, Dunhua North Road, 14th Floor, Songshan District, Taipei, TWN
HUNG SHENG Construction Co Ltd engages in the commission of contractors to build public housing for sale and rental. The reportable segments of the consolidated company are as follows: Sale of real estate - Sales of residences and commercial buildings. Construction - Building of residences and commercial buildings. and Lease - Lease of investment property.
72GF Score

Get the complete analysis for TPE:2534

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

NT$16.60
Price
NT$18.42
GF Value