Central Reinsurance (TPE:2851) E10: NT$2.65 (As of Dec. 2025)

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TPE:2851 Central Reinsurance Corp TPE:2851
77 GF Score
Price NT$37.65
GF Value NT$28.70
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Central Reinsurance E10?

Central Reinsurance TPE:2851 -1.05% 77 E10 is NT$2.65 as of Dec. 2025. GuruFocus rates TPE:2851 with a GF Score™ of 77/100 and a GF Value™ of NT$28.70 (Significantly Overvalued). 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.

Central Reinsurance's adjusted earnings per share data for the three months ended in Dec. 2025 was NT$1.660. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$2.65 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Central Reinsurance's average E10 Growth Rate was 10.90% per year. During the past 3 years, the average E10 Growth Rate was 9.30% per year. During the past 5 years, the average E10 Growth Rate was 9.60% 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 Central Reinsurance was 12.10% per year. The lowest was 6.10% per year. And the median was 10.50% per year.

As of today (2026-07-14), Central Reinsurance's current stock price is NT$37.65. Central Reinsurance's E10 for the quarter that ended in Dec. 2025 was NT$2.65. Central Reinsurance's Shiller PE Ratio of today is 14.21.

During the past 13 years, the highest Shiller PE Ratio of Central Reinsurance was 18.54. The lowest was 8.36. And the median was 11.36.


Central Reinsurance  (TPE:2851) 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.

Central Reinsurance's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=37.65/2.65
=14.21

* 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 Central Reinsurance was 18.54. The lowest was 8.36. And the median was 11.36.


Be Aware

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


Central Reinsurance E10 Related Terms


Central Reinsurance E10 Historical Data

* Premium members only.

The historical data trend for Central Reinsurance'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.

Central Reinsurance E10 Chart

Central Reinsurance 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 2.00 2.03 2.20 2.39 2.65

Central Reinsurance 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 2.39 2.43 2.43 2.53 2.65

TPE:2851 vs RGA, EG, RNR: E10 Comparison

For the Insurance - Reinsurance subindustry, Central Reinsurance'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.


Central Reinsurance Shiller PE Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Central Reinsurance's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Central Reinsurance's Shiller PE Ratio falls into.


TPE:2851
77GF Score
Central Reinsurance Corp TPE:2851
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Central Reinsurance 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, Central Reinsurance'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)
=1.66/324.0540*324.0540
=1.660

Current CPI (Dec. 2025) = 324.0540.

Central Reinsurance Quarterly Data

per share eps CPI Adj_EPS
201603 0.120 238.132 0.163
201606 0.379 241.018 0.510
201609 0.527 241.428 0.707
201612 0.228 241.432 0.306
201703 0.434 243.801 0.577
201706 0.517 244.955 0.684
201709 1.096 246.819 1.439
201712 0.213 246.524 0.280
201803 0.728 249.554 0.945
201806 0.301 251.989 0.387
201809 0.388 252.439 0.498
201812 0.310 251.233 0.400
201903 0.621 254.202 0.792
201906 0.378 256.143 0.478
201909 0.699 256.759 0.882
201912 0.116 256.974 0.146
202003 0.728 258.115 0.914
202006 0.767 257.797 0.964
202009 0.864 260.280 1.076
202012 0.140 260.474 0.174
202103 1.281 264.877 1.567
202106 0.747 271.696 0.891
202109 0.689 274.310 0.814
202112 0.677 278.802 0.787
202203 1.070 287.504 1.206
202206 -0.840 296.311 -0.919
202209 -0.110 296.808 -0.120
202212 0.221 296.797 0.241
202303 0.810 301.836 0.870
202306 0.660 305.109 0.701
202309 0.450 307.789 0.474
202312 0.688 306.746 0.727
202403 1.340 312.332 1.390
202406 1.000 314.175 1.031
202409 0.290 315.301 0.298
202412 0.510 315.605 0.524
202503 0.780 319.799 0.790
202506 0.230 322.561 0.231
202509 0.980 324.800 0.978
202512 1.660 324.054 1.660

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$2.65 mean?
Central Reinsurance (TPE:2851) has a E10 of NT$2.65 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Central Reinsurance and its competitors.
Is Central Reinsurance's E10 too high?
Central Reinsurance's current E10 is NT$2.65. Overall, Central Reinsurance has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Central Reinsurance's E10 compare to RGA and EG?
Central Reinsurance's E10 of NT$2.65 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 Central Reinsurance and its competitors. Central Reinsurance's current E10 is NT$2.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Central Reinsurance stock overvalued right now?
Based on GuruFocus' analysis, Central Reinsurance (TPE:2851) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$28.70, compared to a current price of NT$37.65 — trading 31.2% above its estimated fair value. The current E10 is NT$2.65. Central Reinsurance's overall GF Score™ is 77/100 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 Central Reinsurance (TPE:2851), the current E10 is NT$2.65 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 Central Reinsurance (TPE:2851) Overvalued in 2026?

Based on GuruFocus' analysis, Central Reinsurance stock appears to be overvalued. The current stock price of NT$37.65 is trading 31.2% above its estimated GF Value™ of NT$28.70. GuruFocus considers Central Reinsurance to be Significantly Overvalued.

Key valuation signals for TPE:2851:

  • E10: NT$2.65
  • GF Value™: NT$28.70 vs. price of NT$37.65 (31.2% above fair value)
  • GF Score™: 77/100 with 5 warning signs

No single metric tells the full story. See the TPE:2851 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Central Reinsurance Business Description

Address Section 2, Nanjing East Road, 12th Floor, No. 53, Zhongshan District, Taipei, TWN, 10457
Central Reinsurance Corp is an insurance company providing a range of property and life inward and outward reinsurance services. Central Reinsurance offers reinsurance protection on non-life insurance businesses, including fire, marine and aviation, casualty, motor, engineering, and residential earthquake insurance; and life insurance business including life, personal accident, and health insurance. The main source of revenue for the company is premiums and commission income.
77GF Score

Get the complete analysis for TPE:2851

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

NT$37.65
Price
NT$28.70
GF Value