Excelsior Medical Co (TPE:4104) E10: NT$4.13 (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:4104 Excelsior Medical Co Ltd TPE:4104
87 GF Score
Price NT$70.00
GF Value NT$87.68
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Excelsior Medical Co E10?

Excelsior Medical Co TPE:4104 -1.13% 87 E10 is NT$4.13 as of Mar. 2026. GuruFocus rates TPE:4104 with a GF Score™ of 87/100 and a GF Value™ of NT$87.68 (Modestly Undervalued). 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.

Excelsior Medical Co's adjusted earnings per share data for the three months ended in Mar. 2026 was NT$1.120. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$4.13 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Excelsior Medical Co's average E10 Growth Rate was 5.60% per year. During the past 3 years, the average E10 Growth Rate was 7.30% per year. During the past 5 years, the average E10 Growth Rate was 8.60% 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 Excelsior Medical Co was 9.60% per year. The lowest was 7.30% per year. And the median was 8.25% per year.

As of today (2026-08-03), Excelsior Medical Co's current stock price is NT$70.00. Excelsior Medical Co's E10 for the quarter that ended in Mar. 2026 was NT$4.13. Excelsior Medical Co's Shiller PE Ratio of today is 16.95.

During the past 13 years, the highest Shiller PE Ratio of Excelsior Medical Co was 25.26. The lowest was 14.90. And the median was 17.97.


Excelsior Medical Co  (TPE:4104) 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.

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

Shiller PE Ratio=Share Price/E10
=70.00/4.13
=16.95

* 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 Excelsior Medical Co was 25.26. The lowest was 14.90. And the median was 17.97.


Be Aware

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


Excelsior Medical Co E10 Related Terms


Excelsior Medical Co E10 Historical Data

* Premium members only.

The historical data trend for Excelsior Medical 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.

Excelsior Medical Co E10 Chart

Excelsior Medical 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 2.95 3.28 3.55 3.83 4.05

Excelsior Medical Co 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 3.91 3.98 4.04 4.05 4.13

TPE:4104 vs MCK, COR, CAH: E10 Comparison

For the Medical Distribution subindustry, Excelsior Medical 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.


Excelsior Medical Co Shiller PE Ratio vs Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Excelsior Medical Co's Shiller PE Ratio distribution charts can be found below:

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


TPE:4104
87GF Score
Excelsior Medical Co Ltd TPE:4104
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Excelsior Medical 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, Excelsior Medical Co'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)
=1.12/330.2130*330.2130
=1.120

Current CPI (Mar. 2026) = 330.2130.

Excelsior Medical Co Quarterly Data

per share eps CPI Adj_EPS
201606 0.528 241.018 0.723
201609 0.592 241.428 0.810
201612 0.496 241.432 0.678
201703 0.791 243.801 1.071
201706 0.616 244.955 0.830
201709 0.568 246.819 0.760
201712 0.504 246.524 0.675
201803 0.648 249.554 0.857
201806 0.783 251.989 1.026
201809 0.688 252.439 0.900
201812 0.713 251.233 0.937
201903 0.817 254.202 1.061
201906 0.793 256.143 1.022
201909 0.906 256.759 1.165
201912 0.720 256.974 0.925
202003 0.801 258.115 1.025
202006 0.841 257.797 1.077
202009 0.833 260.280 1.057
202012 0.809 260.474 1.026
202103 0.744 264.877 0.928
202106 0.777 271.696 0.944
202109 0.960 274.310 1.156
202112 0.977 278.802 1.157
202203 0.960 287.504 1.103
202206 0.799 296.311 0.890
202209 1.151 296.808 1.281
202212 0.901 296.797 1.002
202303 1.151 301.836 1.259
202306 0.990 305.109 1.071
202309 1.049 307.789 1.125
202312 1.077 306.746 1.159
202403 1.058 312.332 1.119
202406 1.264 314.175 1.329
202409 0.993 315.301 1.040
202412 1.101 315.605 1.152
202503 1.190 319.799 1.229
202506 1.321 322.561 1.352
202509 1.072 324.800 1.090
202512 1.101 324.054 1.122
202603 1.120 330.213 1.120

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$4.13 mean?
Excelsior Medical Co (TPE:4104) has a E10 of NT$4.13 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Excelsior Medical Co and its competitors.
Is Excelsior Medical Co's E10 too high?
Excelsior Medical Co's current E10 is NT$4.13. Overall, Excelsior Medical Co has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Excelsior Medical Co's E10 compare to MCK and COR?
Excelsior Medical Co's E10 of NT$4.13 can be compared against companies in the Medical Distribution 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 Medical Distribution company?
A good E10 depends on the Medical Distribution 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 Excelsior Medical Co and its competitors. Excelsior Medical Co's current E10 is NT$4.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Excelsior Medical Co stock overvalued right now?
Based on GuruFocus' analysis, Excelsior Medical Co (TPE:4104) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$87.68, compared to a current price of NT$70.00 — trading 20.2% below its estimated fair value. The current E10 is NT$4.13. Excelsior Medical Co's overall GF Score™ is 87/100 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 Excelsior Medical Co (TPE:4104), the current E10 is NT$4.13 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 Excelsior Medical Co (TPE:4104) Overvalued in 2026?

Based on GuruFocus' analysis, Excelsior Medical Co stock appears to be undervalued. The current stock price of NT$70.00 is trading 20.2% below its estimated GF Value™ of NT$87.68. GuruFocus considers Excelsior Medical Co to be Modestly Undervalued.

Key valuation signals for TPE:4104:

  • E10: NT$4.13
  • GF Value™: NT$87.68 vs. price of NT$70.00 (20.2% below fair value)
  • GF Score™: 87/100 with 5 warning signs

No single metric tells the full story. See the TPE:4104 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Excelsior Medical Co Business Description

Address Zhongzheng Road, No. 880, 17th Floor, Zhonghe District, New Taipei City, TWN, 235
Excelsior Medical Co Ltd is engaged in the sale of medical supplies and medicines, home medical devices, and medical equipment with brand names of local and foreign manufacturers. Its product offerings include Fasflo hollow fiber dialyzer, Renabio sodium chloride injection, acid concentrates, Sunder blood purification tubing set, JMS blood bags, etc. The Group's reportable segments include Excelsior, Dynamic, Arich, and Others. Maximum revenue is generated from the Excelsior segment. Geographically, it derives key revenue from Taiwan and also has a presence in Hong Kong, China, the Philippines, Malaysia, and Indonesia.
87GF Score

Get the complete analysis for TPE:4104

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

NT$70.00
Price
NT$87.68
GF Value