Shin Shin Co (TPE:2901) E10: NT$0.41 (As of Dec. 2025)


TPE:2901 Shin Shin Co Ltd TPE:2901
84 GF Score
Price NT$24.00
GF Value NT$27.39
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Shin Shin Co E10?

Shin Shin Co TPE:2901 -0.21% 84 E10 is NT$0.41 as of Dec. 2025. GuruFocus rates TPE:2901 with a GF Score™ of 84/100 and a GF Value™ of NT$27.39 (Modestly Undervalued). The stock has 3 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.

Shin Shin Co's adjusted earnings per share data for the three months ended in Dec. 2025 was NT$0.130. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$0.41 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Shin Shin Co's average E10 Growth Rate was -4.70% per year. During the past 3 years, the average E10 Growth Rate was -3.10% 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 Shin Shin Co was -2.10% per year. The lowest was -3.10% per year. And the median was -2.55% per year.

As of today (2026-07-05), Shin Shin Co's current stock price is NT$24.00. Shin Shin Co's E10 for the quarter that ended in Dec. 2025 was NT$0.41. Shin Shin Co's Shiller PE Ratio of today is 58.54.

During the past 13 years, the highest Shiller PE Ratio of Shin Shin Co was 75.31. The lowest was 44.79. And the median was 56.28.


Shin Shin Co  (TPE:2901) 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.

Shin Shin Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=24.00/0.41
=58.54

* 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 Shin Shin Co was 75.31. The lowest was 44.79. And the median was 56.28.


Be Aware

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


Shin Shin Co E10 Related Terms


Shin Shin Co E10 Historical Data

* Premium members only.

The historical data trend for Shin Shin 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.

Shin Shin Co E10 Chart

Shin Shin 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 0.46 0.45 0.44 0.43 0.41

Shin Shin 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 0.43 0.43 0.43 0.40 0.41

TPE:2901 vs DDS, M: E10 Comparison

For the Department Stores subindustry, Shin Shin 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.


Shin Shin Co Shiller PE Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Shin Shin Co's Shiller PE Ratio distribution charts can be found below:

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


TPE:2901
84GF Score
Shin Shin Co Ltd TPE:2901
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shin Shin 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, Shin Shin 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)
=0.13/324.0540*324.0540
=0.130

Current CPI (Dec. 2025) = 324.0540.

Shin Shin Co Quarterly Data

per share eps CPI Adj_EPS
201603 0.080 238.132 0.109
201606 0.050 241.018 0.067
201609 0.240 241.428 0.322
201612 0.049 241.432 0.066
201703 0.075 243.801 0.100
201706 0.080 244.955 0.106
201709 0.220 246.819 0.289
201712 0.100 246.524 0.131
201803 0.080 249.554 0.104
201806 0.050 251.989 0.064
201809 0.180 252.439 0.231
201812 0.120 251.233 0.155
201903 0.090 254.202 0.115
201906 0.090 256.143 0.114
201909 0.100 256.759 0.126
201912 0.170 256.974 0.214
202003 0.070 258.115 0.088
202006 0.010 257.797 0.013
202009 0.060 260.280 0.075
202012 0.050 260.474 0.062
202103 0.060 264.877 0.073
202106 -0.050 271.696 -0.060
202109 -0.020 274.310 -0.024
202112 0.080 278.802 0.093
202203 0.080 287.504 0.090
202206 0.050 296.311 0.055
202209 0.070 296.808 0.076
202212 0.040 296.797 0.044
202303 0.070 301.836 0.075
202306 0.100 305.109 0.106
202309 0.120 307.789 0.126
202312 0.110 306.746 0.116
202403 0.120 312.332 0.125
202406 0.090 314.175 0.093
202409 0.110 315.301 0.113
202412 0.090 315.605 0.092
202503 0.080 319.799 0.081
202506 0.080 322.561 0.080
202509 0.090 324.800 0.090
202512 0.130 324.054 0.130

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$0.41 mean?
Shin Shin Co (TPE:2901) has a E10 of NT$0.41 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Shin Shin Co and its competitors.
Is Shin Shin Co's E10 too high?
Shin Shin Co's current E10 is NT$0.41. Overall, Shin Shin Co has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shin Shin Co's E10 compare to DDS and M?
Shin Shin Co's E10 of NT$0.41 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good E10 depends on the Retail - Cyclical 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 Shin Shin Co and its competitors. Shin Shin Co's current E10 is NT$0.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shin Shin Co stock overvalued right now?
Based on GuruFocus' analysis, Shin Shin Co (TPE:2901) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$27.39, compared to a current price of NT$24.00 — trading 12.4% below its estimated fair value. The current E10 is NT$0.41. Shin Shin Co's overall GF Score™ is 84/100 with 3 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 Shin Shin Co (TPE:2901), the current E10 is NT$0.41 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 Shin Shin Co (TPE:2901) Overvalued in 2026?

Based on GuruFocus' analysis, Shin Shin Co stock appears to be undervalued. The current stock price of NT$24.00 is trading 12.4% below its estimated GF Value™ of NT$27.39. GuruFocus considers Shin Shin Co to be Modestly Undervalued.

Key valuation signals for TPE:2901:

  • E10: NT$0.41
  • GF Value™: NT$27.39 vs. price of NT$24.00 (12.4% below fair value)
  • GF Score™: 84/100 with 3 warning signs

No single metric tells the full story. See the TPE:2901 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shin Shin Co Business Description

Address No. 247, Linsen N. Road, Zhongshan District, Taipei, TWN
Shin Shin Co Ltd is engaged in business operations including supermarkets, department store retailing, cinemas, parking lots, and property leasing. Maximum of its revenue is generated from Department store.
84GF Score

Get the complete analysis for TPE:2901

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

NT$24.00
Price
NT$27.39
GF Value