Kedge Construction Co (TPE:2546) E10: NT$5.86 (As of Dec. 2025)


TPE:2546 Kedge Construction Co Ltd TPE:2546
95 GF Score
Price NT$92.40
GF Value NT$116.58
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Kedge Construction Co E10?

Kedge Construction Co TPE:2546 -0.11% 95 E10 is NT$5.86 as of Dec. 2025. GuruFocus rates TPE:2546 with a GF Score™ of 95/100 and a GF Value™ of NT$116.58 (Modestly Undervalued). The stock has 3 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.

Kedge Construction Co's adjusted earnings per share data for the three months ended in Dec. 2025 was NT$2.890. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$5.86 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Kedge Construction Co's average E10 Growth Rate was 19.10% per year. During the past 3 years, the average E10 Growth Rate was 17.40% per year. During the past 5 years, the average E10 Growth Rate was 22.10% 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 Kedge Construction Co was 26.60% per year. The lowest was 17.40% per year. And the median was 22.30% per year.

As of today (2026-06-29), Kedge Construction Co's current stock price is NT$92.40. Kedge Construction Co's E10 for the quarter that ended in Dec. 2025 was NT$5.86. Kedge Construction Co's Shiller PE Ratio of today is 15.77.

During the past 13 years, the highest Shiller PE Ratio of Kedge Construction Co was 25.90. The lowest was 13.09. And the median was 16.69.


Kedge Construction Co  (TPE:2546) 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.

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

Shiller PE Ratio=Share Price/E10
=92.40/5.86
=15.77

* 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 Kedge Construction Co was 25.90. The lowest was 13.09. And the median was 16.69.


Be Aware

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


Kedge Construction Co E10 Related Terms


Kedge Construction Co E10 Historical Data

* Premium members only.

The historical data trend for Kedge 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.

Kedge Construction Co E10 Chart

Kedge 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 2.74 3.62 4.32 4.92 5.86

Kedge 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 4.92 5.11 5.32 5.58 5.86

TPE:2546 vs PWR, FIX, EME: E10 Comparison

For the Engineering & Construction subindustry, Kedge 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.


Kedge Construction Co Shiller PE Ratio vs Construction Industry

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

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


TPE:2546
95GF Score
Kedge Construction Co Ltd TPE:2546
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kedge 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, Kedge 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)
=2.89/324.0540*324.0540
=2.890

Current CPI (Dec. 2025) = 324.0540.

Kedge Construction Co Quarterly Data

per share eps CPI Adj_EPS
201603 0.374 238.132 0.509
201606 0.349 241.018 0.469
201609 0.715 241.428 0.960
201612 0.130 241.432 0.174
201703 0.284 243.801 0.377
201706 0.845 244.955 1.118
201709 0.772 246.819 1.014
201712 0.366 246.524 0.481
201803 0.569 249.554 0.739
201806 0.772 251.989 0.993
201809 1.056 252.439 1.356
201812 0.715 251.233 0.922
201903 0.877 254.202 1.118
201906 1.129 256.143 1.428
201909 0.731 256.759 0.923
201912 0.333 256.974 0.420
202003 0.658 258.115 0.826
202006 1.706 257.797 2.144
202009 0.967 260.280 1.204
202012 1.438 260.474 1.789
202103 0.894 264.877 1.094
202106 2.153 271.696 2.568
202109 1.171 274.310 1.383
202112 1.421 278.802 1.652
202203 1.099 287.504 1.239
202206 1.126 296.311 1.231
202209 2.044 296.808 2.232
202212 3.653 296.797 3.988
202303 1.267 301.836 1.360
202306 2.784 305.109 2.957
202309 1.113 307.789 1.172
202312 2.349 306.746 2.482
202403 0.925 312.332 0.960
202406 1.028 314.175 1.060
202409 1.750 315.301 1.799
202412 2.940 315.605 3.019
202503 1.434 319.799 1.453
202506 2.009 322.561 2.018
202509 3.120 324.800 3.113
202512 2.890 324.054 2.890

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$5.86 mean?
Kedge Construction Co (TPE:2546) has a E10 of NT$5.86 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Kedge Construction Co and its competitors.
Is Kedge Construction Co's E10 too high?
Kedge Construction Co's current E10 is NT$5.86. Overall, Kedge Construction Co has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kedge Construction Co's E10 compare to PWR and FIX?
Kedge Construction Co's E10 of NT$5.86 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 Kedge Construction Co and its competitors. Kedge Construction Co's current E10 is NT$5.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kedge Construction Co stock overvalued right now?
Based on GuruFocus' analysis, Kedge Construction Co (TPE:2546) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$116.58, compared to a current price of NT$92.40 — trading 20.7% below its estimated fair value. The current E10 is NT$5.86. Kedge Construction Co's overall GF Score™ is 95/100 with 3 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 Kedge Construction Co (TPE:2546), the current E10 is NT$5.86 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 Kedge Construction Co (TPE:2546) Overvalued in 2026?

Based on GuruFocus' analysis, Kedge Construction Co stock appears to be undervalued. The current stock price of NT$92.40 is trading 20.7% below its estimated GF Value™ of NT$116.58. GuruFocus considers Kedge Construction Co to be Modestly Undervalued.

Key valuation signals for TPE:2546:

  • E10: NT$5.86
  • GF Value™: NT$116.58 vs. price of NT$92.40 (20.7% below fair value)
  • GF Score™: 95/100 with 3 warning signs

No single metric tells the full story. See the TPE:2546 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kedge Construction Co Business Description

Address Heping E. Road, Section 3, 6th Floor, Number 131, Taipei, TWN
Kedge Construction Co Ltd operates in the contracting business of residential property and public construction. The projects of the company are in areas of Collective Housing, Department Store, Institutional School, Technology Factory Office, Biotech Medical, and Civil Engineering. The company's reportable operating segment only is the construction segment.
95GF Score

Get the complete analysis for TPE:2546

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

NT$92.40
Price
NT$116.58
GF Value