Asia Optical Co (TPE:3019) E10: NT$4.07 (As of Dec. 2025)

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPE:3019 Asia Optical Co Inc TPE:3019
82 GF Score
Price NT$147.50
GF Value NT$138.18
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Asia Optical Co E10?

Asia Optical Co TPE:3019 +2.79% 82 E10 is NT$4.07 as of Dec. 2025. GuruFocus rates TPE:3019 with a GF Score™ of 82/100 and a GF Value™ of NT$138.18 (Fairly Valued). The stock has 1 warning sign 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.

Asia Optical Co's adjusted earnings per share data for the three months ended in Dec. 2025 was NT$1.060. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$4.07 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Asia Optical Co's average E10 Growth Rate was 20.40% per year. During the past 3 years, the average E10 Growth Rate was 30.50% 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 Asia Optical Co was 36.80% per year. The lowest was 30.50% per year. And the median was 33.65% per year.

As of today (2026-07-13), Asia Optical Co's current stock price is NT$147.50. Asia Optical Co's E10 for the quarter that ended in Dec. 2025 was NT$4.07. Asia Optical Co's Shiller PE Ratio of today is 36.24.

During the past 13 years, the highest Shiller PE Ratio of Asia Optical Co was 1011.11. The lowest was 22.71. And the median was 36.69.


Asia Optical Co  (TPE:3019) 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.

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

Shiller PE Ratio=Share Price/E10
=147.50/4.07
=36.24

* 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 Asia Optical Co was 1011.11. The lowest was 22.71. And the median was 36.69.


Be Aware

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


Asia Optical Co E10 Related Terms


Asia Optical Co E10 Historical Data

* Premium members only.

The historical data trend for Asia Optical 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.

Asia Optical Co E10 Chart

Asia Optical 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 1.32 1.83 2.57 3.38 4.07

Asia Optical 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 3.38 3.52 3.81 3.93 4.07

TPE:3019 vs APH, GLW: E10 Comparison

For the Electronic Components subindustry, Asia Optical 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.


Asia Optical Co Shiller PE Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Asia Optical Co's Shiller PE Ratio distribution charts can be found below:

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


TPE:3019
82GF Score
Asia Optical Co Inc TPE:3019
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Asia Optical 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, Asia Optical 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)
=1.06/324.0540*324.0540
=1.060

Current CPI (Dec. 2025) = 324.0540.

Asia Optical Co Quarterly Data

per share eps CPI Adj_EPS
201603 0.080 238.132 0.109
201606 0.410 241.018 0.551
201609 0.560 241.428 0.752
201612 0.140 241.432 0.188
201703 0.110 243.801 0.146
201706 0.700 244.955 0.926
201709 1.100 246.819 1.444
201712 0.290 246.524 0.381
201803 0.330 249.554 0.429
201806 1.040 251.989 1.337
201809 1.460 252.439 1.874
201812 1.030 251.233 1.329
201903 0.360 254.202 0.459
201906 1.430 256.143 1.809
201909 1.370 256.759 1.729
201912 0.230 256.974 0.290
202003 -0.410 258.115 -0.515
202006 0.590 257.797 0.742
202009 0.660 260.280 0.822
202012 0.560 260.474 0.697
202103 1.070 264.877 1.309
202106 1.350 271.696 1.610
202109 1.300 274.310 1.536
202112 1.570 278.802 1.825
202203 0.270 287.504 0.304
202206 0.990 296.311 1.083
202209 1.600 296.808 1.747
202212 0.390 296.797 0.426
202303 0.070 301.836 0.075
202306 1.050 305.109 1.115
202309 0.650 307.789 0.684
202312 0.980 306.746 1.035
202403 0.390 312.332 0.405
202406 1.590 314.175 1.640
202409 2.420 315.301 2.487
202412 1.340 315.605 1.376
202503 0.780 319.799 0.790
202506 2.840 322.561 2.853
202509 1.820 324.800 1.816
202512 1.060 324.054 1.060

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$4.07 mean?
Asia Optical Co (TPE:3019) has a E10 of NT$4.07 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Asia Optical Co and its competitors.
Is Asia Optical Co's E10 too high?
Asia Optical Co's current E10 is NT$4.07. Overall, Asia Optical Co has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Asia Optical Co's E10 compare to APH and GLW?
Asia Optical Co's E10 of NT$4.07 can be compared against companies in the Hardware 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 Hardware company?
A good E10 depends on the Hardware 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 Asia Optical Co and its competitors. Asia Optical Co's current E10 is NT$4.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Optical Co stock overvalued right now?
Based on GuruFocus' analysis, Asia Optical Co (TPE:3019) is currently considered Fairly Valued. The stock's GF Value™ is NT$138.18, compared to a current price of NT$147.50 — trading 6.7% above its estimated fair value. The current E10 is NT$4.07. Asia Optical Co's overall GF Score™ is 82/100 with 1 warning sign 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 Asia Optical Co (TPE:3019), the current E10 is NT$4.07 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 Asia Optical Co (TPE:3019) Overvalued in 2026?

Based on GuruFocus' analysis, Asia Optical Co stock appears to be overvalued. The current stock price of NT$147.50 is trading 6.7% above its estimated GF Value™ of NT$138.18. GuruFocus considers Asia Optical Co to be Fairly Valued.

Key valuation signals for TPE:3019:

  • E10: NT$4.07
  • GF Value™: NT$138.18 vs. price of NT$147.50 (6.7% above fair value)
  • GF Score™: 82/100 with 1 warning sign

No single metric tells the full story. See the TPE:3019 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Asia Optical Co Business Description

Address No. 22-3, South 2nd Road, Tanzi District, Taichung, TWN, 427058
Asia Optical Co Inc is engaged in the manufacturing and sale of cameras, rangefinders, riflescopes, photocopier lens, scanner lens and optical components. The companies reportable segments included optical components, contact image sensor modules, optronics components, optronics products and digital camera. The majority of the revenue is generated from optical components. The company operates in two principal geographical areas Asia and America.
82GF Score

Get the complete analysis for TPE:3019

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

NT$147.50
Price
NT$138.18
GF Value