U-Ming Marine Transport (TPE:2606) E10: NT$3.24 (As of Dec. 2025)


TPE:2606 U-Ming Marine Transport Corp TPE:2606
89 GF Score
Price NT$60.30
GF Value NT$59.32
Valuation Fairly Valued
! 8 Warning Signs
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What is U-Ming Marine Transport E10?

U-Ming Marine Transport TPE:2606 +0.33% 89 E10 is NT$3.24 as of Dec. 2025. GuruFocus rates TPE:2606 with a GF Score™ of 89/100 and a GF Value™ of NT$59.32 (Fairly Valued). 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.

U-Ming Marine Transport's adjusted earnings per share data for the three months ended in Dec. 2025 was NT$1.550. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$3.24 for the trailing ten years ended in Dec. 2025.

During the past 12 months, U-Ming Marine Transport's average E10 Growth Rate was 13.30% per year. During the past 3 years, the average E10 Growth Rate was 10.70% per year. During the past 5 years, the average E10 Growth Rate was 13.20% 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 U-Ming Marine Transport was 14.50% per year. The lowest was -6.90% per year. And the median was 10.70% per year.

As of today (2026-07-01), U-Ming Marine Transport's current stock price is NT$60.30. U-Ming Marine Transport's E10 for the quarter that ended in Dec. 2025 was NT$3.24. U-Ming Marine Transport's Shiller PE Ratio of today is 18.61.

During the past 13 years, the highest Shiller PE Ratio of U-Ming Marine Transport was 48.01. The lowest was 9.64. And the median was 19.13.


U-Ming Marine Transport  (TPE:2606) 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.

U-Ming Marine Transport's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=60.30/3.24
=18.61

* 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 U-Ming Marine Transport was 48.01. The lowest was 9.64. And the median was 19.13.


Be Aware

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


U-Ming Marine Transport E10 Related Terms


U-Ming Marine Transport E10 Historical Data

* Premium members only.

The historical data trend for U-Ming Marine Transport'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.

U-Ming Marine Transport E10 Chart

U-Ming Marine Transport 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 2.01 2.39 2.55 2.86 3.24

U-Ming Marine Transport 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 2.86 2.92 3.00 3.12 3.24

U-Ming Marine Transport E10 Competitor Comparison

For the Marine Shipping subindustry, U-Ming Marine Transport'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.


U-Ming Marine Transport Shiller PE Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, U-Ming Marine Transport's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where U-Ming Marine Transport's Shiller PE Ratio falls into.


TPE:2606
89GF Score
U-Ming Marine Transport Corp TPE:2606
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

U-Ming Marine Transport 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, U-Ming Marine Transport'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)
=1.55/324.0540*324.0540
=1.550

Current CPI (Dec. 2025) = 324.0540.

U-Ming Marine Transport Quarterly Data

per share eps CPI Adj_EPS
201603 -0.770 238.132 -1.048
201606 -0.570 241.018 -0.766
201609 0.010 241.428 0.013
201612 0.290 241.432 0.389
201703 -0.020 243.801 -0.027
201706 0.160 244.955 0.212
201709 0.570 246.819 0.748
201712 0.470 246.524 0.618
201803 0.250 249.554 0.325
201806 0.600 251.989 0.772
201809 0.890 252.439 1.142
201812 0.230 251.233 0.297
201903 0.110 254.202 0.140
201906 0.040 256.143 0.051
201909 1.020 256.759 1.287
201912 0.750 256.974 0.946
202003 -0.460 258.115 -0.578
202006 0.120 257.797 0.151
202009 0.880 260.280 1.096
202012 0.500 260.474 0.622
202103 0.410 264.877 0.502
202106 1.220 271.696 1.455
202109 2.100 274.310 2.481
202112 2.050 278.802 2.383
202203 1.000 287.504 1.127
202206 1.440 296.311 1.575
202209 2.170 296.808 2.369
202212 0.590 296.797 0.644
202303 0.580 301.836 0.623
202306 0.710 305.109 0.754
202309 0.910 307.789 0.958
202312 1.040 306.746 1.099
202403 1.170 312.332 1.214
202406 1.430 314.175 1.475
202409 1.840 315.301 1.891
202412 1.090 315.605 1.119
202503 0.270 319.799 0.274
202506 0.770 322.561 0.774
202509 1.720 324.800 1.716
202512 1.550 324.054 1.550

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$3.24 mean?
U-Ming Marine Transport (TPE:2606) has a E10 of NT$3.24 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on U-Ming Marine Transport and its competitors.
Is U-Ming Marine Transport's E10 too high?
U-Ming Marine Transport's current E10 is NT$3.24. Overall, U-Ming Marine Transport has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does U-Ming Marine Transport's E10 compare to competitors?
U-Ming Marine Transport's E10 of NT$3.24 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 U-Ming Marine Transport and its competitors. U-Ming Marine Transport's current E10 is NT$3.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is U-Ming Marine Transport stock overvalued right now?
Based on GuruFocus' analysis, U-Ming Marine Transport (TPE:2606) is currently considered Fairly Valued. The stock's GF Value™ is NT$59.32, compared to a current price of NT$60.30 — trading 1.7% above its estimated fair value. The current E10 is NT$3.24. U-Ming Marine Transport's overall GF Score™ is 89/100 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 U-Ming Marine Transport (TPE:2606), the current E10 is NT$3.24 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 U-Ming Marine Transport (TPE:2606) Overvalued in 2026?

Based on GuruFocus' analysis, U-Ming Marine Transport stock appears to be overvalued. The current stock price of NT$60.30 is trading 1.7% above its estimated GF Value™ of NT$59.32. GuruFocus considers U-Ming Marine Transport to be Fairly Valued.

Key valuation signals for TPE:2606:

  • E10: NT$3.24
  • GF Value™: NT$59.32 vs. price of NT$60.30 (1.7% above fair value)
  • GF Score™: 89/100 with 8 warning signs

No single metric tells the full story. See the TPE:2606 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


U-Ming Marine Transport Business Description

Address No. 207, Section 2, Tun Hwa South Road, 29th Floor, Taipei, TWN, 106
U-Ming Marine Transport Corp is a transportation and logistics company, domiciled in Taiwan. The company organizes itself into two segments: marine transportation and investment. The marine transportation segment, which contributes the vast majority of revenue, owns and operates a fleet of vessels to transport dry bulk cargo, including cement, oil, coal, iron ore, steel, grain, and other commodities.
89GF Score

Get the complete analysis for TPE:2606

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

NT$60.30
Price
NT$59.32
GF Value