Evergreen Marine (Taiwan) (TPE:2603) E10: NT$30.97 (As of Dec. 2025)


TPE:2603 Evergreen Marine Corp (Taiwan) Ltd TPE:2603
92 GF Score
Price NT$184.00
GF Value NT$174.40
Valuation Fairly Valued
! 9 Warning Signs
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What is Evergreen Marine (Taiwan) E10?

Evergreen Marine (Taiwan) TPE:2603 +1.66% 92 E10 is NT$30.97 as of Dec. 2025. GuruFocus rates TPE:2603 with a GF Score™ of 92/100 and a GF Value™ of NT$174.40 (Fairly Valued). The stock has 9 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.

Evergreen Marine (Taiwan)'s adjusted earnings per share data for the three months ended in Dec. 2025 was NT$3.920. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$30.97 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Evergreen Marine (Taiwan)'s average E10 Growth Rate was 16.10% per year. During the past 3 years, the average E10 Growth Rate was 21.30% per year. During the past 5 years, the average E10 Growth Rate was 91.40% 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 Evergreen Marine (Taiwan) was 204.30% per year. The lowest was 21.30% per year. And the median was 125.60% per year.

As of today (2026-06-30), Evergreen Marine (Taiwan)'s current stock price is NT$184.00. Evergreen Marine (Taiwan)'s E10 for the quarter that ended in Dec. 2025 was NT$30.97. Evergreen Marine (Taiwan)'s Shiller PE Ratio of today is 5.94.

During the past 13 years, the highest Shiller PE Ratio of Evergreen Marine (Taiwan) was 278.75. The lowest was 5.05. And the median was 10.46.


Evergreen Marine (Taiwan)  (TPE:2603) 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.

Evergreen Marine (Taiwan)'s Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=184.00/30.97
=5.94

* 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 Evergreen Marine (Taiwan) was 278.75. The lowest was 5.05. And the median was 10.46.


Be Aware

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


Evergreen Marine (Taiwan) E10 Related Terms


Evergreen Marine (Taiwan) E10 Historical Data

* Premium members only.

The historical data trend for Evergreen Marine (Taiwan)'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.

Evergreen Marine (Taiwan) E10 Chart

Evergreen Marine (Taiwan) 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 7.92 17.37 19.73 26.67 30.97

Evergreen Marine (Taiwan) 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 26.67 28.15 28.91 30.34 30.97

Evergreen Marine (Taiwan) E10 Competitor Comparison

For the Marine Shipping subindustry, Evergreen Marine (Taiwan)'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.


Evergreen Marine (Taiwan) Shiller PE Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Evergreen Marine (Taiwan)'s Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Evergreen Marine (Taiwan)'s Shiller PE Ratio falls into.


TPE:2603
92GF Score
Evergreen Marine Corp (Taiwan) Ltd TPE:2603
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Evergreen Marine (Taiwan) 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, Evergreen Marine (Taiwan)'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)
=3.92/324.0540*324.0540
=3.920

Current CPI (Dec. 2025) = 324.0540.

Evergreen Marine (Taiwan) Quarterly Data

per share eps CPI Adj_EPS
201603 -2.536 238.132 -3.451
201606 -0.372 241.018 -0.500
201609 -0.768 241.428 -1.031
201612 -0.755 241.432 -1.013
201703 0.212 243.801 0.282
201706 1.862 244.955 2.463
201709 2.499 246.819 3.281
201712 0.089 246.524 0.117
201803 0.074 249.554 0.096
201806 -0.769 251.989 -0.989
201809 0.422 252.439 0.542
201812 0.398 251.233 0.513
201903 0.300 254.202 0.382
201906 -0.200 256.143 -0.253
201909 0.075 256.759 0.095
201912 -0.150 256.974 -0.189
202003 -0.225 258.115 -0.282
202006 1.650 257.797 2.074
202009 4.250 260.280 5.291
202012 6.725 260.474 8.367
202103 17.525 264.877 21.440
202106 19.850 271.696 23.675
202109 14.990 274.310 17.708
202112 15.140 278.802 17.597
202203 18.950 287.504 21.359
202206 19.090 296.311 20.877
202209 36.850 296.808 40.233
202212 14.104 296.797 15.399
202303 2.360 301.836 2.534
202306 2.360 305.109 2.507
202309 10.120 307.789 10.655
202312 1.560 306.746 1.648
202403 8.090 312.332 8.394
202406 13.610 314.175 14.038
202409 28.610 315.301 29.404
202412 14.190 315.605 14.570
202503 12.630 319.799 12.798
202506 5.060 322.561 5.083
202509 10.040 324.800 10.017
202512 3.920 324.054 3.920

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$30.97 mean?
Evergreen Marine (Taiwan) (TPE:2603) has a E10 of NT$30.97 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Evergreen Marine (Taiwan) and its competitors.
Is Evergreen Marine (Taiwan)'s E10 too high?
Evergreen Marine (Taiwan)'s current E10 is NT$30.97. Overall, Evergreen Marine (Taiwan) has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Evergreen Marine (Taiwan)'s E10 compare to competitors?
Evergreen Marine (Taiwan)'s E10 of NT$30.97 can be compared against companies in the Transportation 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 Transportation company?
A good E10 depends on the Transportation 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 Evergreen Marine (Taiwan) and its competitors. Evergreen Marine (Taiwan)'s current E10 is NT$30.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Evergreen Marine (Taiwan) stock overvalued right now?
Based on GuruFocus' analysis, Evergreen Marine (Taiwan) (TPE:2603) is currently considered Fairly Valued. The stock's GF Value™ is NT$174.40, compared to a current price of NT$184.00 — trading 5.5% above its estimated fair value. The current E10 is NT$30.97. Evergreen Marine (Taiwan)'s overall GF Score™ is 92/100 with 9 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 Evergreen Marine (Taiwan) (TPE:2603), the current E10 is NT$30.97 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 Evergreen Marine (Taiwan) (TPE:2603) Overvalued in 2026?

Based on GuruFocus' analysis, Evergreen Marine (Taiwan) stock appears to be overvalued. The current stock price of NT$184.00 is trading 5.5% above its estimated GF Value™ of NT$174.40. GuruFocus considers Evergreen Marine (Taiwan) to be Fairly Valued.

Key valuation signals for TPE:2603:

  • E10: NT$30.97
  • GF Value™: NT$174.40 vs. price of NT$184.00 (5.5% above fair value)
  • GF Score™: 92/100 with 9 warning signs

No single metric tells the full story. See the TPE:2603 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Evergreen Marine (Taiwan) Business Description

Address No. 166, Minsheng East Road, 1st - 4th Floor, Section 2, Zhongshan District, Taipei, TWN, 104473
Evergreen Marine Corp (Taiwan) Ltd is mainly engaged in domestic and international marine transportation, shipping agency services, commercial port area ship repair services, and the distribution of containers. Along with its subsidiaries, it operates in the following reportable segments: Transportation Department, which derives maximum revenue, and Other Departments. Geographically, the group generates maximum revenue from Asia (excluding Taiwan), followed by Taiwan, America, Europe, and other regions.
92GF Score

Get the complete analysis for TPE:2603

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

NT$184.00
Price
NT$174.40
GF Value