Taiwan High Speed Rail (TPE:2633) E10: NT$1.37 (As of Jun. 2026)

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TPE:2633 Taiwan High Speed Rail Corp TPE:2633
62 GF Score
Price NT$25.95
GF Value NT$30.92
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Taiwan High Speed Rail E10?

Taiwan High Speed Rail TPE:2633 +0.39% 62 E10 is NT$1.37 as of Jun. 2026. GuruFocus rates TPE:2633 with a GF Score™ of 62/100 and a GF Value™ of NT$30.92 (Modestly Undervalued). The stock has 5 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.

Taiwan High Speed Rail's adjusted earnings per share data for the three months ended in Jun. 2026 was NT$0.294. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$1.37 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Taiwan High Speed Rail's average E10 Growth Rate was -23.20% per year. During the past 3 years, the average E10 Growth Rate was -5.70% 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.

As of today (2026-09-17), Taiwan High Speed Rail's current stock price is NT$25.95. Taiwan High Speed Rail's E10 for the quarter that ended in Jun. 2026 was NT$1.37. Taiwan High Speed Rail's Shiller PE Ratio of today is 19.00.

During the past 13 years, the highest Shiller PE Ratio of Taiwan High Speed Rail was 21.37. The lowest was 14.97. And the median was 18.45.


Taiwan High Speed Rail  (TPE:2633) 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.

Taiwan High Speed Rail's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=25.95/1.366
=19.00

* 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 Taiwan High Speed Rail was 21.37. The lowest was 14.97. And the median was 18.45.


Be Aware

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


Taiwan High Speed Rail E10 Related Terms


Taiwan High Speed Rail E10 Historical Data

* Premium members only.

The historical data trend for Taiwan High Speed Rail'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.

Taiwan High Speed Rail E10 Chart

Taiwan High Speed Rail 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 1.68 1.87 2.00 2.00 1.31

Taiwan High Speed Rail Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.70 1.81 1.31 1.35 1.37

TPE:2633 vs UNP, CSX, NSC: E10 Comparison

For the Railroads subindustry, Taiwan High Speed Rail'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.


Taiwan High Speed Rail Shiller PE Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Taiwan High Speed Rail's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Taiwan High Speed Rail's Shiller PE Ratio falls into.


TPE:2633
62GF Score
Taiwan High Speed Rail Corp TPE:2633
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Taiwan High Speed Rail 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, Taiwan High Speed Rail's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.2943/333.9520*333.9520
=0.294

Current CPI (Jun. 2026) = 333.9520.

Taiwan High Speed Rail Quarterly Data

per share eps CPI Adj_EPS
201609 0.160 241.428 0.221
201612 0.180 241.432 0.249
201703 0.290 243.801 0.397
201706 0.230 244.955 0.314
201709 0.207 246.819 0.280
201712 0.224 246.524 0.304
201803 0.430 249.554 0.575
201806 0.740 251.989 0.981
201809 0.375 252.439 0.495
201812 0.361 251.233 0.480
201903 0.407 254.202 0.534
201906 0.346 256.143 0.451
201909 0.341 256.759 0.443
201912 0.330 256.974 0.428
202003 0.201 258.115 0.260
202006 0.078 257.797 0.101
202009 0.304 260.280 0.390
202012 0.456 260.474 0.585
202103 0.244 264.877 0.308
202106 0.088 271.696 0.108
202109 0.149 274.310 0.181
202112 0.161 278.802 0.193
202203 0.099 287.504 0.115
202206 0.049 296.311 0.056
202209 0.232 296.808 0.261
202212 0.289 296.797 0.325
202303 0.378 301.836 0.418
202306 0.289 305.109 0.317
202309 0.221 307.789 0.240
202312 0.502 306.746 0.547
202403 0.374 312.332 0.400
202406 0.286 314.175 0.304
202409 0.246 315.301 0.261
202412 0.240 315.605 0.254
202503 0.331 319.799 0.346
202506 0.289 322.561 0.299
202509 0.271 324.800 0.278
202512 0.279 324.054 0.287
202603 0.373 330.213 0.377
202606 0.294 333.952 0.294

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$1.37 mean?
Taiwan High Speed Rail (TPE:2633) has a E10 of NT$1.37 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Taiwan High Speed Rail and its competitors.
Is Taiwan High Speed Rail's E10 too high?
Taiwan High Speed Rail's current E10 is NT$1.37. Overall, Taiwan High Speed Rail has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Taiwan High Speed Rail's E10 compare to UNP and CSX?
Taiwan High Speed Rail's E10 of NT$1.37 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 Taiwan High Speed Rail and its competitors. Taiwan High Speed Rail's current E10 is NT$1.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan High Speed Rail stock overvalued right now?
Based on GuruFocus' analysis, Taiwan High Speed Rail (TPE:2633) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$30.92, compared to a current price of NT$25.95 — trading 16.1% below its estimated fair value. The current E10 is NT$1.37. Taiwan High Speed Rail's overall GF Score™ is 62/100 with 5 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 Taiwan High Speed Rail (TPE:2633), the current E10 is NT$1.37 as of Jun. 2026. 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 Taiwan High Speed Rail (TPE:2633) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan High Speed Rail stock appears to be undervalued. The current stock price of NT$25.95 is trading 16.1% below its estimated GF Value™ of NT$30.92. GuruFocus considers Taiwan High Speed Rail to be Modestly Undervalued.

Key valuation signals for TPE:2633:

  • E10: NT$1.37
  • GF Value™: NT$30.92 vs. price of NT$25.95 (16.1% below fair value)
  • GF Score™: 62/100 with 5 warning signs

No single metric tells the full story. See the TPE:2633 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiwan High Speed Rail Business Description

Address No. 66, Jingmao 2nd Road, 13th Floor, Nangang District, Taipei, TWN, 11568
Taiwan High Speed Rail Corp is principally engaged in the construction and operation of high-speed rail in Taiwan. Railway transportation revenue is the source of operating revenue for the company.
62GF Score

Get the complete analysis for TPE:2633

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

NT$25.95
Price
NT$30.92
GF Value