Aopen (TPE:3046) E10: NT$0.38 (As of Dec. 2025)


TPE:3046 Aopen Inc TPE:3046
79 GF Score
Price NT$58.40
GF Value NT$77.14
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Aopen E10?

Aopen TPE:3046 +9.98% 79 E10 is NT$0.38 as of Dec. 2025. GuruFocus rates TPE:3046 with a GF Score™ of 79/100 and a GF Value™ of NT$77.14 (Modestly Undervalued). The stock has 2 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.

Aopen's adjusted earnings per share data for the three months ended in Dec. 2025 was NT$0.670. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$0.38 for the trailing ten years ended in Dec. 2025.

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 Aopen was 47.80% per year. The lowest was 2.00% per year. And the median was 16.80% per year.

As of today (2026-07-07), Aopen's current stock price is NT$58.40. Aopen's E10 for the quarter that ended in Dec. 2025 was NT$0.38. Aopen's Shiller PE Ratio of today is 153.68.

During the past 13 years, the highest Shiller PE Ratio of Aopen was 401.25. The lowest was 121.84. And the median was 154.82.


Aopen  (TPE:3046) 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.

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

Shiller PE Ratio=Share Price/E10
=58.40/0.38
=153.68

* 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 Aopen was 401.25. The lowest was 121.84. And the median was 154.82.


Be Aware

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


Aopen E10 Related Terms


Aopen E10 Historical Data

* Premium members only.

The historical data trend for Aopen'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.

Aopen E10 Chart

Aopen 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 -1.62 -1.41 -0.95 -0.23 0.38

Aopen 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 -0.23 -0.04 0.12 0.28 0.38

TPE:3046 vs SNDK, DELL, STX: E10 Comparison

For the Computer Hardware subindustry, Aopen'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.


Aopen Shiller PE Ratio vs Hardware Industry

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

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


TPE:3046
79GF Score
Aopen Inc TPE:3046
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aopen 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, Aopen'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)
=0.67/324.0540*324.0540
=0.670

Current CPI (Dec. 2025) = 324.0540.

Aopen Quarterly Data

per share eps CPI Adj_EPS
201603 -0.566 238.132 -0.770
201606 -0.815 241.018 -1.096
201609 -0.576 241.428 -0.773
201612 -1.175 241.432 -1.577
201703 -1.768 243.801 -2.350
201706 -1.083 244.955 -1.433
201709 0.298 246.819 0.391
201712 -0.517 246.524 -0.680
201803 -0.497 249.554 -0.645
201806 0.001 251.989 0.001
201809 0.149 252.439 0.191
201812 0.159 251.233 0.205
201903 0.050 254.202 0.064
201906 0.060 256.143 0.076
201909 -0.040 256.759 -0.050
201912 -2.404 256.974 -3.032
202003 -0.636 258.115 -0.798
202006 0.010 257.797 0.013
202009 -0.387 260.280 -0.482
202012 0.079 260.474 0.098
202103 0.129 264.877 0.158
202106 0.159 271.696 0.190
202109 1.073 274.310 1.268
202112 0.447 278.802 0.520
202203 0.427 287.504 0.481
202206 0.934 296.311 1.021
202209 0.660 296.808 0.721
202212 0.750 296.797 0.819
202303 0.740 301.836 0.794
202306 0.840 305.109 0.892
202309 0.940 307.789 0.990
202312 0.620 306.746 0.655
202403 0.970 312.332 1.006
202406 1.010 314.175 1.042
202409 1.250 315.301 1.285
202412 0.580 315.605 0.596
202503 1.110 319.799 1.125
202506 0.800 322.561 0.804
202509 1.420 324.800 1.417
202512 0.670 324.054 0.670

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$0.38 mean?
Aopen (TPE:3046) has a E10 of NT$0.38 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Aopen and its competitors.
Is Aopen's E10 too high?
Aopen's current E10 is NT$0.38. Overall, Aopen has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aopen's E10 compare to SNDK and DELL?
Aopen's E10 of NT$0.38 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 Aopen and its competitors. Aopen's current E10 is NT$0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aopen stock overvalued right now?
Based on GuruFocus' analysis, Aopen (TPE:3046) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$77.14, compared to a current price of NT$58.40 — trading 24.3% below its estimated fair value. The current E10 is NT$0.38. Aopen's overall GF Score™ is 79/100 with 2 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 Aopen (TPE:3046), the current E10 is NT$0.38 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 Aopen (TPE:3046) Overvalued in 2026?

Based on GuruFocus' analysis, Aopen stock appears to be undervalued. The current stock price of NT$58.40 is trading 24.3% below its estimated GF Value™ of NT$77.14. GuruFocus considers Aopen to be Modestly Undervalued.

Key valuation signals for TPE:3046:

  • E10: NT$0.38
  • GF Value™: NT$77.14 vs. price of NT$58.40 (24.3% below fair value)
  • GF Score™: 79/100 with 2 warning signs

No single metric tells the full story. See the TPE:3046 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Aopen Business Description

Address No. 369, Fuxing North Road, 7F-5, Minfu Village, Songshan District, Taipei, TWN
Aopen Inc is engaged in the marketing, manufacturing, and trading of computer products, software, computer components, peripheral equipment, and apparatus, as well as IT product repair services for after-sales support provided to Aopen products. Its products include embedded PC, touch panel PC, remote management, commercial and consumer range display, and monitors. The company has three reportable segments: the Americas segment, the Europe segment and the Asia Pacific and emerging market segment, which engage in the research, design, and marketing of computer products, lifestyle appliances, and others. The majority of revenue is derived from the Asia Pacific and emerging market segment.
79GF Score

Get the complete analysis for TPE:3046

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

NT$58.40
Price
NT$77.14
GF Value