Hua Nan Financial Holdings Co (TPE:2880) E10: NT$1.41 (As of Dec. 2025)

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TPE:2880 Hua Nan Financial Holdings Co Ltd TPE:2880
73 GF Score
Price NT$39.25
GF Value NT$29.07
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Hua Nan Financial Holdings Co E10?

Hua Nan Financial Holdings Co TPE:2880 +0.64% 73 E10 is NT$1.41 as of Dec. 2025. GuruFocus rates TPE:2880 with a GF Score™ of 73/100 and a GF Value™ of NT$29.07 (Significantly Overvalued). 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.

Hua Nan Financial Holdings Co's adjusted earnings per share data for the three months ended in Dec. 2025 was NT$0.470. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$1.41 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Hua Nan Financial Holdings Co's average E10 Growth Rate was 6.80% per year. During the past 3 years, the average E10 Growth Rate was 7.30% per year. During the past 5 years, the average E10 Growth Rate was 8.80% 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 Hua Nan Financial Holdings Co was 10.50% per year. The lowest was 6.20% per year. And the median was 7.80% per year.

As of today (2026-07-15), Hua Nan Financial Holdings Co's current stock price is NT$39.25. Hua Nan Financial Holdings Co's E10 for the quarter that ended in Dec. 2025 was NT$1.41. Hua Nan Financial Holdings Co's Shiller PE Ratio of today is 27.84.

During the past 13 years, the highest Shiller PE Ratio of Hua Nan Financial Holdings Co was 27.60. The lowest was 16.30. And the median was 19.53.


Hua Nan Financial Holdings Co  (TPE:2880) 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.

Hua Nan Financial Holdings Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=39.25/1.41
=27.84

* 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 Hua Nan Financial Holdings Co was 27.60. The lowest was 16.30. And the median was 19.53.


Be Aware

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


Hua Nan Financial Holdings Co E10 Related Terms


Hua Nan Financial Holdings Co E10 Historical Data

* Premium members only.

The historical data trend for Hua Nan Financial Holdings 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.

Hua Nan Financial Holdings Co E10 Chart

Hua Nan Financial Holdings 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 1.03 1.14 1.24 1.32 1.41

Hua Nan Financial Holdings 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 1.32 1.34 1.36 1.40 1.41

Hua Nan Financial Holdings Co E10 Competitor Comparison

For the Banks - Regional subindustry, Hua Nan Financial Holdings 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.


Hua Nan Financial Holdings Co Shiller PE Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Hua Nan Financial Holdings Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Hua Nan Financial Holdings Co's Shiller PE Ratio falls into.


TPE:2880
73GF Score
Hua Nan Financial Holdings Co Ltd TPE:2880
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hua Nan Financial Holdings 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, Hua Nan Financial Holdings 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)
=0.47/324.0540*324.0540
=0.470

Current CPI (Dec. 2025) = 324.0540.

Hua Nan Financial Holdings Co Quarterly Data

per share eps CPI Adj_EPS
201603 0.265 238.132 0.361
201606 0.272 241.018 0.366
201609 0.206 241.428 0.277
201612 0.257 241.432 0.345
201703 0.165 243.801 0.219
201706 0.254 244.955 0.336
201709 0.274 246.819 0.360
201712 0.158 246.524 0.208
201803 0.237 249.554 0.308
201806 0.282 251.989 0.363
201809 0.315 252.439 0.404
201812 0.201 251.233 0.259
201903 0.302 254.202 0.385
201906 0.289 256.143 0.366
201909 0.323 256.759 0.408
201912 0.212 256.974 0.267
202003 -0.104 258.115 -0.131
202006 0.212 257.797 0.266
202009 0.246 260.280 0.306
202012 0.271 260.474 0.337
202103 0.290 264.877 0.355
202106 0.360 271.696 0.429
202109 0.353 274.310 0.417
202112 0.216 278.802 0.251
202203 0.265 287.504 0.299
202206 0.304 296.311 0.332
202209 0.422 296.808 0.461
202212 0.245 296.797 0.268
202303 0.359 301.836 0.385
202306 0.392 305.109 0.416
202309 0.455 307.789 0.479
202312 0.337 306.746 0.356
202403 0.406 312.332 0.421
202406 0.396 314.175 0.408
202409 0.480 315.301 0.493
202412 0.380 315.605 0.390
202503 0.386 319.799 0.391
202506 0.455 322.561 0.457
202509 0.590 324.800 0.589
202512 0.470 324.054 0.470

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$1.41 mean?
Hua Nan Financial Holdings Co (TPE:2880) has a E10 of NT$1.41 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Hua Nan Financial Holdings Co and its competitors.
Is Hua Nan Financial Holdings Co's E10 too high?
Hua Nan Financial Holdings Co's current E10 is NT$1.41. Overall, Hua Nan Financial Holdings Co has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hua Nan Financial Holdings Co's E10 compare to competitors?
Hua Nan Financial Holdings Co's E10 of NT$1.41 can be compared against companies in the Banks 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 Banks company?
A good E10 depends on the Banks 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 Hua Nan Financial Holdings Co and its competitors. Hua Nan Financial Holdings Co's current E10 is NT$1.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hua Nan Financial Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Hua Nan Financial Holdings Co (TPE:2880) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$29.07, compared to a current price of NT$39.25 — trading 35% above its estimated fair value. The current E10 is NT$1.41. Hua Nan Financial Holdings Co's overall GF Score™ is 73/100 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 Hua Nan Financial Holdings Co (TPE:2880), the current E10 is NT$1.41 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 Hua Nan Financial Holdings Co (TPE:2880) Overvalued in 2026?

Based on GuruFocus' analysis, Hua Nan Financial Holdings Co stock appears to be overvalued. The current stock price of NT$39.25 is trading 35% above its estimated GF Value™ of NT$29.07. GuruFocus considers Hua Nan Financial Holdings Co to be Significantly Overvalued.

Key valuation signals for TPE:2880:

  • E10: NT$1.41
  • GF Value™: NT$29.07 vs. price of NT$39.25 (35% above fair value)
  • GF Score™: 73/100 with 8 warning signs

No single metric tells the full story. See the TPE:2880 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hua Nan Financial Holdings Co Business Description

Address No. 123, Songren Road, Xinyi District, Taipei, TWN, 110
Hua Nan Financial Holdings Co Ltd is a financial services group in Taiwan. The company has multiple subsidiaries that operate in financial businesses such as banking, trading, insurance, investments & trusts, asset management, and venture capital. Its segments include: Bank Division; Securities Division; Insurance Division; and Other Divisions. Geographically, the company operates in Taiwan; and Others, of which it derives maximum revenue from Taiwan.
73GF Score

Get the complete analysis for TPE:2880

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

NT$39.25
Price
NT$29.07
GF Value