Taiwan Fire & Marine Insurance Co (TPE:2832) E10: NT$3.52 (As of Dec. 2025)


TPE:2832 Taiwan Fire & Marine Insurance Co Ltd TPE:2832
69 GF Score
Price NT$55.80
GF Value NT$41.10
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Taiwan Fire & Marine Insurance Co E10?

Taiwan Fire & Marine Insurance Co TPE:2832 -1.41% 69 E10 is NT$3.52 as of Dec. 2025. GuruFocus rates TPE:2832 with a GF Score™ of 69/100 and a GF Value™ of NT$41.10 (Significantly Overvalued). 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.

Taiwan Fire & Marine Insurance Co's adjusted earnings per share data for the three months ended in Dec. 2025 was NT$1.217. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$3.52 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Taiwan Fire & Marine Insurance Co's average E10 Growth Rate was 0.60% per year. During the past 3 years, the average E10 Growth Rate was 3.00% per year. During the past 5 years, the average E10 Growth Rate was 2.90% 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 Taiwan Fire & Marine Insurance Co was 3.90% per year. The lowest was -1.00% per year. And the median was 2.00% per year.

As of today (2026-06-28), Taiwan Fire & Marine Insurance Co's current stock price is NT$55.80. Taiwan Fire & Marine Insurance Co's E10 for the quarter that ended in Dec. 2025 was NT$3.52. Taiwan Fire & Marine Insurance Co's Shiller PE Ratio of today is 15.85.

During the past 13 years, the highest Shiller PE Ratio of Taiwan Fire & Marine Insurance Co was 15.99. The lowest was 7.76. And the median was 9.64.


Taiwan Fire & Marine Insurance Co  (TPE:2832) 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 Fire & Marine Insurance Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=55.80/3.52
=15.85

* 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 Fire & Marine Insurance Co was 15.99. The lowest was 7.76. And the median was 9.64.


Be Aware

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


Taiwan Fire & Marine Insurance Co E10 Related Terms


Taiwan Fire & Marine Insurance Co E10 Historical Data

* Premium members only.

The historical data trend for Taiwan Fire & Marine Insurance 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.

Taiwan Fire & Marine Insurance Co E10 Chart

Taiwan Fire & Marine Insurance 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 3.12 3.22 3.29 3.50 3.52

Taiwan Fire & Marine Insurance 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 3.50 3.56 3.39 3.49 3.52

TPE:2832 vs CB, PGR, TRV: E10 Comparison

For the Insurance - Property & Casualty subindustry, Taiwan Fire & Marine Insurance 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.


Taiwan Fire & Marine Insurance Co Shiller PE Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Taiwan Fire & Marine Insurance Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Taiwan Fire & Marine Insurance Co's Shiller PE Ratio falls into.


TPE:2832
69GF Score
Taiwan Fire & Marine Insurance Co Ltd TPE:2832
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Taiwan Fire & Marine Insurance 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, Taiwan Fire & Marine Insurance 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)
=1.217/324.0540*324.0540
=1.217

Current CPI (Dec. 2025) = 324.0540.

Taiwan Fire & Marine Insurance Co Quarterly Data

per share eps CPI Adj_EPS
201603 0.471 238.132 0.641
201606 0.243 241.018 0.327
201609 0.814 241.428 1.093
201612 0.400 241.432 0.537
201703 0.829 243.801 1.102
201706 0.900 244.955 1.191
201709 1.114 246.819 1.463
201712 0.500 246.524 0.657
201803 0.743 249.554 0.965
201806 0.700 251.989 0.900
201809 0.657 252.439 0.843
201812 0.100 251.233 0.129
201903 0.814 254.202 1.038
201906 0.586 256.143 0.741
201909 0.871 256.759 1.099
201912 0.486 256.974 0.613
202003 0.514 258.115 0.645
202006 0.800 257.797 1.006
202009 0.886 260.280 1.103
202012 0.514 260.474 0.639
202103 -0.086 264.877 -0.105
202106 -0.957 271.696 -1.141
202109 0.614 274.310 0.725
202112 1.900 278.802 2.208
202203 0.286 287.504 0.322
202206 1.157 296.311 1.265
202209 1.014 296.808 1.107
202212 0.200 296.797 0.218
202303 0.957 301.836 1.027
202306 1.143 305.109 1.214
202309 1.257 307.789 1.323
202312 0.500 306.746 0.528
202403 1.571 312.332 1.630
202406 1.157 314.175 1.193
202409 1.157 315.301 1.189
202412 0.688 315.605 0.706
202503 1.343 319.799 1.361
202506 0.886 322.561 0.890
202509 1.557 324.800 1.553
202512 1.217 324.054 1.217

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$3.52 mean?
Taiwan Fire & Marine Insurance Co (TPE:2832) has a E10 of NT$3.52 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Taiwan Fire & Marine Insurance Co and its competitors.
Is Taiwan Fire & Marine Insurance Co's E10 too high?
Taiwan Fire & Marine Insurance Co's current E10 is NT$3.52. Overall, Taiwan Fire & Marine Insurance Co has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Fire & Marine Insurance Co's E10 compare to CB and PGR?
Taiwan Fire & Marine Insurance Co's E10 of NT$3.52 can be compared against companies in the Insurance 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 an Insurance company?
A good E10 depends on the Insurance 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 Fire & Marine Insurance Co and its competitors. Taiwan Fire & Marine Insurance Co's current E10 is NT$3.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Fire & Marine Insurance Co stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Fire & Marine Insurance Co (TPE:2832) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$41.10, compared to a current price of NT$55.80 — trading 35.8% above its estimated fair value. The current E10 is NT$3.52. Taiwan Fire & Marine Insurance Co's overall GF Score™ is 69/100 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 Taiwan Fire & Marine Insurance Co (TPE:2832), the current E10 is NT$3.52 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 Taiwan Fire & Marine Insurance Co (TPE:2832) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Fire & Marine Insurance Co stock appears to be overvalued. The current stock price of NT$55.80 is trading 35.8% above its estimated GF Value™ of NT$41.10. GuruFocus considers Taiwan Fire & Marine Insurance Co to be Significantly Overvalued.

Key valuation signals for TPE:2832:

  • E10: NT$3.52
  • GF Value™: NT$41.10 vs. price of NT$55.80 (35.8% above fair value)
  • GF Score™: 69/100 with 6 warning signs

No single metric tells the full story. See the TPE:2832 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiwan Fire & Marine Insurance Co Business Description

Address No. 49, Guanqian Road, 8th Floor, Zhongzheng District, Taipei, TWN, 100
Taiwan Fire & Marine Insurance Co Ltd is a non-life insurer. The products offered by the Company include aviation insurance, fire insurance, marine insurance, casualty insurance, automobile insurance, as well as the reinsurances for the abovementioned insurances.
69GF Score

Get the complete analysis for TPE:2832

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

NT$55.80
Price
NT$41.10
GF Value