IBF Financial Holdings Co (TPE:2889) E10: NT$0.84 (As of Dec. 2025)

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TPE:2889 IBF Financial Holdings Co Ltd TPE:2889
56 GF Score
Price NT$16.60
GF Value NT$16.40
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is IBF Financial Holdings Co E10?

IBF Financial Holdings Co TPE:2889 +0.91% 56 E10 is NT$0.84 as of Dec. 2025. GuruFocus rates TPE:2889 with a GF Score™ of 56/100 and a GF Value™ of NT$16.40 (Fairly Valued). 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.

IBF Financial Holdings Co's adjusted earnings per share data for the three months ended in Dec. 2025 was NT$0.159. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$0.84 for the trailing ten years ended in Dec. 2025.

During the past 12 months, IBF Financial Holdings Co's average E10 Growth Rate was 3.70% per year. During the past 3 years, the average E10 Growth Rate was 2.90% per year. During the past 5 years, the average E10 Growth Rate was 5.50% 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 IBF Financial Holdings Co was 9.90% per year. The lowest was 2.90% per year. And the median was 8.90% per year.

As of today (2026-09-08), IBF Financial Holdings Co's current stock price is NT$16.60. IBF Financial Holdings Co's E10 for the quarter that ended in Dec. 2025 was NT$0.84. IBF Financial Holdings Co's Shiller PE Ratio of today is 19.76.

During the past 13 years, the highest Shiller PE Ratio of IBF Financial Holdings Co was 24.90. The lowest was 13.29. And the median was 16.66.


IBF Financial Holdings Co  (TPE:2889) 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.

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

Shiller PE Ratio=Share Price/E10
=16.60/0.84
=19.76

* 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 IBF Financial Holdings Co was 24.90. The lowest was 13.29. And the median was 16.66.


Be Aware

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


IBF Financial Holdings Co E10 Related Terms


IBF Financial Holdings Co E10 Historical Data

* Premium members only.

The historical data trend for IBF 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.

IBF Financial Holdings Co E10 Chart

IBF 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 0.73 0.77 0.80 0.81 0.84

IBF 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 0.81 0.82 0.81 0.84 0.84

TPE:2889 vs MS, GS, SCHW: E10 Comparison

For the Capital Markets subindustry, IBF 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.


IBF Financial Holdings Co Shiller PE Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, IBF Financial Holdings Co's Shiller PE Ratio distribution charts can be found below:

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


TPE:2889
56GF Score
IBF Financial Holdings Co Ltd TPE:2889
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IBF 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, IBF 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)
=0.159/324.0540*324.0540
=0.159

Current CPI (Dec. 2025) = 324.0540.

IBF Financial Holdings Co Quarterly Data

per share eps CPI Adj_EPS
201603 0.193 238.132 0.263
201606 0.169 241.018 0.227
201609 0.172 241.428 0.231
201612 0.090 241.432 0.121
201703 0.163 243.801 0.217
201706 0.155 244.955 0.205
201709 0.182 246.819 0.239
201712 0.198 246.524 0.260
201803 0.182 249.554 0.236
201806 0.190 251.989 0.244
201809 0.093 252.439 0.119
201812 0.135 251.233 0.174
201903 0.185 254.202 0.236
201906 0.211 256.143 0.267
201909 0.232 256.759 0.293
201912 0.146 256.974 0.184
202003 0.137 258.115 0.172
202006 0.309 257.797 0.388
202009 0.274 260.280 0.341
202012 0.264 260.474 0.328
202103 0.408 264.877 0.499
202106 0.257 271.696 0.307
202109 0.233 274.310 0.275
202112 0.253 278.802 0.294
202203 0.122 287.504 0.138
202206 0.113 296.311 0.124
202209 0.122 296.808 0.133
202212 0.028 296.797 0.031
202303 0.169 301.836 0.181
202306 0.141 305.109 0.150
202309 0.125 307.789 0.132
202312 0.116 306.746 0.123
202403 0.173 312.332 0.179
202406 0.154 314.175 0.159
202409 0.129 315.301 0.133
202412 0.129 315.605 0.132
202503 0.106 319.799 0.107
202506 0.067 322.561 0.067
202509 0.287 324.800 0.286
202512 0.159 324.054 0.159

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$0.84 mean?
IBF Financial Holdings Co (TPE:2889) has a E10 of NT$0.84 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on IBF Financial Holdings Co and its competitors.
Is IBF Financial Holdings Co's E10 too high?
IBF Financial Holdings Co's current E10 is NT$0.84. Overall, IBF Financial Holdings Co has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does IBF Financial Holdings Co's E10 compare to MS and GS?
IBF Financial Holdings Co's E10 of NT$0.84 can be compared against companies in the Capital Markets 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 Capital Markets company?
A good E10 depends on the Capital Markets 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 IBF Financial Holdings Co and its competitors. IBF Financial Holdings Co's current E10 is NT$0.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IBF Financial Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, IBF Financial Holdings Co (TPE:2889) is currently considered Fairly Valued. The stock's GF Value™ is NT$16.40, compared to a current price of NT$16.60 — trading 1.2% above its estimated fair value. The current E10 is NT$0.84. IBF Financial Holdings Co's overall GF Score™ is 56/100 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 IBF Financial Holdings Co (TPE:2889), the current E10 is NT$0.84 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 IBF Financial Holdings Co (TPE:2889) Overvalued in 2026?

Based on GuruFocus' analysis, IBF Financial Holdings Co stock appears to be overvalued. The current stock price of NT$16.60 is trading 1.2% above its estimated GF Value™ of NT$16.40. GuruFocus considers IBF Financial Holdings Co to be Fairly Valued.

Key valuation signals for TPE:2889:

  • E10: NT$0.84
  • GF Value™: NT$16.40 vs. price of NT$16.60 (1.2% above fair value)
  • GF Score™: 56/100 with 5 warning signs

No single metric tells the full story. See the TPE:2889 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


IBF Financial Holdings Co Business Description

Address No. 17, Lequn Third Road, 128th Floor, Zhongshan District, Taipei, TWN, 104
IBF Financial Holdings Co Ltd along with its subsidiaries is engaged in underwriting, certification as well as endorsements and guarantees of short-term bills; trading and underwriting securities such as commercial papers and bonds; consignment trading of securities; financing and short selling as well as lending and borrowing business of securities; trading as well as introducing brokerage services of futures; agency and leasing business of real estate and movables as well as venture capital business. Its operating segments are: Bills finance companies, Securities Firm, and Others.
56GF Score

Get the complete analysis for TPE:2889

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

NT$16.60
Price
NT$16.40
GF Value