China Airlines (TPE:2610) E10: NT$0.90 (As of Dec. 2025)


TPE:2610 China Airlines Ltd TPE:2610
57 GF Score
Price NT$23.20
GF Value NT$25.61
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is China Airlines E10?

China Airlines TPE:2610 -4.13% 57 E10 is NT$0.90 as of Dec. 2025. GuruFocus rates TPE:2610 with a GF Score™ of 57/100 and a GF Value™ of NT$25.61 (Fairly Valued). The stock has 6 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.

China Airlines's adjusted earnings per share data for the three months ended in Dec. 2025 was NT$0.600. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$0.90 for the trailing ten years ended in Dec. 2025.

During the past 12 months, China Airlines's average E10 Growth Rate was 16.90% per year. During the past 3 years, the average E10 Growth Rate was 37.00% per year. During the past 5 years, the average E10 Growth Rate was 58.70% 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 China Airlines was 92.60% per year. The lowest was -10.50% per year. And the median was 37.00% per year.

As of today (2026-06-28), China Airlines's current stock price is NT$23.20. China Airlines's E10 for the quarter that ended in Dec. 2025 was NT$0.90. China Airlines's Shiller PE Ratio of today is 25.78.

During the past 13 years, the highest Shiller PE Ratio of China Airlines was 353.33. The lowest was 16.88. And the median was 40.42.


China Airlines  (TPE:2610) 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.

China Airlines's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=23.20/0.90
=25.78

* 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 China Airlines was 353.33. The lowest was 16.88. And the median was 40.42.


Be Aware

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


China Airlines E10 Related Terms


China Airlines E10 Historical Data

* Premium members only.

The historical data trend for China Airlines'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.

China Airlines E10 Chart

China Airlines 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 0.28 0.35 0.50 0.77 0.90

China Airlines 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 0.77 0.81 0.85 0.85 0.90

TPE:2610 vs DAL, UAL, LUV: E10 Comparison

For the Airlines subindustry, China Airlines'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.


China Airlines Shiller PE Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, China Airlines's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where China Airlines's Shiller PE Ratio falls into.


TPE:2610
57GF Score
China Airlines Ltd TPE:2610
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Airlines 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, China Airlines'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)
=0.6/324.0540*324.0540
=0.600

Current CPI (Dec. 2025) = 324.0540.

China Airlines Quarterly Data

per share eps CPI Adj_EPS
201603 0.260 238.132 0.354
201606 -0.030 241.018 -0.040
201609 0.090 241.428 0.121
201612 -0.230 241.432 -0.309
201703 -0.690 243.801 -0.917
201706 0.310 244.955 0.410
201709 0.530 246.819 0.696
201712 0.220 246.524 0.289
201803 0.020 249.554 0.026
201806 0.010 251.989 0.013
201809 0.180 252.439 0.231
201812 0.100 251.233 0.129
201903 -0.040 254.202 -0.051
201906 -0.080 256.143 -0.101
201909 0.060 256.759 0.076
201912 -0.160 256.974 -0.202
202003 -0.700 258.115 -0.879
202006 0.420 257.797 0.528
202009 -0.130 260.280 -0.162
202012 0.400 260.474 0.498
202103 -0.190 264.877 -0.232
202106 -0.060 271.696 -0.072
202109 0.480 274.310 0.567
202112 1.280 278.802 1.488
202203 0.500 287.504 0.564
202206 0.070 296.311 0.077
202209 0.020 296.808 0.022
202212 -0.120 296.797 -0.131
202303 0.210 301.836 0.225
202306 0.540 305.109 0.574
202309 0.370 307.789 0.390
202312 -0.020 306.746 -0.021
202403 0.500 312.332 0.519
202406 0.560 314.175 0.578
202409 0.620 315.301 0.637
202412 0.650 315.605 0.667
202503 0.680 319.799 0.689
202506 0.630 322.561 0.633
202509 0.480 324.800 0.479
202512 0.600 324.054 0.600

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$0.90 mean?
China Airlines (TPE:2610) has a E10 of NT$0.90 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on China Airlines and its competitors.
Is China Airlines' E10 too high?
China Airlines' current E10 is NT$0.90. Overall, China Airlines has a GF Score™ of 57/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does China Airlines' E10 compare to DAL and UAL?
China Airlines' E10 of NT$0.90 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 China Airlines and its competitors. China Airlines's current E10 is NT$0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Airlines stock overvalued right now?
Based on GuruFocus' analysis, China Airlines (TPE:2610) is currently considered Fairly Valued. The stock's GF Value™ is NT$25.61, compared to a current price of NT$23.20 — trading 9.4% below its estimated fair value. The current E10 is NT$0.90. China Airlines' overall GF Score™ is 57/100 with 6 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 China Airlines (TPE:2610), the current E10 is NT$0.90 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 China Airlines (TPE:2610) Overvalued in 2026?

Based on GuruFocus' analysis, China Airlines stock appears to be undervalued. The current stock price of NT$23.20 is trading 9.4% below its estimated GF Value™ of NT$25.61. GuruFocus considers China Airlines to be Fairly Valued.

Key valuation signals for TPE:2610:

  • E10: NT$0.90
  • GF Value™: NT$25.61 vs. price of NT$23.20 (9.4% below fair value)
  • GF Score™: 57/100 with 6 warning signs

No single metric tells the full story. See the TPE:2610 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Airlines Business Description

Address No. 1, Hangzhan South Road, Dayuan District, Taoyuan, TWN
China Airlines Ltd provides air transportation services. The company is composed of its flight and non-flight segments. The flight segment is the core business of the firm and offers transport services primarily for passengers and cargo. A vast proportion of the companies revenue is generated from transporting passengers in its flight operating unit. The non-flight segment provides various services such as mail and ground solutions, data processing services to other airlines, aircraft maintenance, and aircraft leasing. It engages in air transportation services for passengers, cargo and others. The company's geographical segments include America, Northeast Asia, Southeast Asia, Europe, Australia, China, and Domestic.
57GF Score

Get the complete analysis for TPE:2610

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

NT$23.20
Price
NT$25.61
GF Value