Wistron (TPE:3231) E10: NT$4.32 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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:3231 Wistron Corp TPE:3231
79 GF Score
Price NT$139.00
GF Value NT$273.32
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Wistron E10?

Wistron TPE:3231 -5.12% 79 E10 is NT$4.32 as of Mar. 2026. GuruFocus rates TPE:3231 with a GF Score™ of 79/100 and a GF Value™ of NT$273.32 (Possible Value Trap). 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.

Wistron's adjusted earnings per share data for the three months ended in Mar. 2026 was NT$2.910. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$4.32 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Wistron's average E10 Growth Rate was 30.90% per year. During the past 3 years, the average E10 Growth Rate was 18.30% per year. During the past 5 years, the average E10 Growth Rate was 13.50% 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 Wistron was 18.30% per year. The lowest was -0.60% per year. And the median was 8.00% per year.

As of today (2026-07-19), Wistron's current stock price is NT$139.00. Wistron's E10 for the quarter that ended in Mar. 2026 was NT$4.32. Wistron's Shiller PE Ratio of today is 32.18.

During the past 13 years, the highest Shiller PE Ratio of Wistron was 64.61. The lowest was 8.48. And the median was 15.26.


Wistron  (TPE:3231) 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.

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

Shiller PE Ratio=Share Price/E10
=139.00/4.32
=32.18

* 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 Wistron was 64.61. The lowest was 8.48. And the median was 15.26.


Be Aware

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


Wistron E10 Related Terms


Wistron E10 Historical Data

* Premium members only.

The historical data trend for Wistron'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.

Wistron E10 Chart

Wistron 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 2.17 2.40 2.61 3.11 3.97

Wistron Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 3.30 3.55 3.77 3.97 4.32

TPE:3231 vs SNDK, DELL, STX: E10 Comparison

For the Computer Hardware subindustry, Wistron'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.


Wistron Shiller PE Ratio vs Hardware Industry

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

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


TPE:3231
79GF Score
Wistron Corp TPE:3231
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Wistron 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, Wistron's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=2.91/330.2130*330.2130
=2.910

Current CPI (Mar. 2026) = 330.2130.

Wistron Quarterly Data

per share eps CPI Adj_EPS
201606 0.226 241.018 0.310
201609 0.194 241.428 0.265
201612 0.534 241.432 0.730
201703 0.204 243.801 0.276
201706 0.291 244.955 0.392
201709 0.330 246.819 0.441
201712 0.580 246.524 0.777
201803 0.330 249.554 0.437
201806 0.230 251.989 0.301
201809 0.440 252.439 0.576
201812 0.740 251.233 0.973
201903 0.350 254.202 0.455
201906 0.440 256.143 0.567
201909 0.600 256.759 0.772
201912 0.980 256.974 1.259
202003 0.250 258.115 0.320
202006 1.010 257.797 1.294
202009 0.990 260.280 1.256
202012 0.810 260.474 1.027
202103 0.040 264.877 0.050
202106 1.480 271.696 1.799
202109 0.290 274.310 0.349
202112 1.850 278.802 2.191
202203 -0.310 287.504 -0.356
202206 1.500 296.311 1.672
202209 1.290 296.808 1.435
202212 1.390 296.797 1.546
202303 0.060 301.836 0.066
202306 1.140 305.109 1.234
202309 1.640 307.789 1.759
202312 1.150 306.746 1.238
202403 1.220 312.332 1.290
202406 1.530 314.175 1.608
202409 1.450 315.301 1.519
202412 1.800 315.605 1.883
202503 1.820 319.799 1.879
202506 2.190 322.561 2.242
202509 2.340 324.800 2.379
202512 2.050 324.054 2.089
202603 2.910 330.213 2.910

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$4.32 mean?
Wistron (TPE:3231) has a E10 of NT$4.32 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Wistron and its competitors.
Is Wistron's E10 too high?
Wistron's current E10 is NT$4.32. Overall, Wistron has a GF Score™ of 79/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Wistron's E10 compare to SNDK and DELL?
Wistron's E10 of NT$4.32 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 Wistron and its competitors. Wistron's current E10 is NT$4.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wistron stock overvalued right now?
Based on GuruFocus' analysis, Wistron (TPE:3231) is currently considered Possible Value Trap. The stock's GF Value™ is NT$273.32, compared to a current price of NT$139.00 — trading 49.1% below its estimated fair value. The current E10 is NT$4.32. Wistron's overall GF Score™ is 79/100 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 Wistron (TPE:3231), the current E10 is NT$4.32 as of Mar. 2026. 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 Wistron (TPE:3231) Overvalued in 2026?

Based on GuruFocus' analysis, Wistron stock appears to be undervalued. The current stock price of NT$139.00 is trading 49.1% below its estimated GF Value™ of NT$273.32. GuruFocus considers Wistron to be Possible Value Trap.

Key valuation signals for TPE:3231:

  • E10: NT$4.32
  • GF Value™: NT$273.32 vs. price of NT$139.00 (49.1% below fair value)
  • GF Score™: 79/100 with 5 warning signs

No single metric tells the full story. See the TPE:3231 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Wistron Business Description

Address No.158, Xinan Road, Neihu District, Hsinchu, TWN, 30076
Wistron Corp is engaged in the research, development, design, manufacturing, testing and sales of the following products and semi- finished products, and their peripheral equipment, parts and components. Company is a technology service provider specializing in the research, development, manufacturing, and after-sales service of ICT (information and communications technology) products. As a key Original Design Manufacturer (ODM), it produces notebooks, desktops, servers, storage systems, smartphones, and networking devices for top brands. It's products include Computing, Enterprise & Cloud, Consumer Electronics & Others. The firm has operations in United states, China and Europe. It derives maximum revenue from United states.
79GF Score

Get the complete analysis for TPE:3231

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

NT$139.00
Price
NT$273.32
GF Value