Apex International Co (TPE:4927) E10: NT$1.17 (As of Dec. 2025)


TPE:4927 Apex International Co Ltd TPE:4927
65 GF Score
Price NT$45.65
GF Value NT$29.80
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Apex International Co E10?

Apex International Co TPE:4927 -6.26% 65 E10 is NT$1.17 as of Dec. 2025. GuruFocus rates TPE:4927 with a GF Score™ of 65/100 and a GF Value™ of NT$29.80 (Significantly Overvalued). The stock has 6 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.

Apex International Co's adjusted earnings per share data for the three months ended in Dec. 2025 was NT$-3.750. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$1.17 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Apex International Co's average E10 Growth Rate was -52.40% per year. During the past 3 years, the average E10 Growth Rate was -35.50% per year. During the past 5 years, the average E10 Growth Rate was -20.00% 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 Apex International Co was 6.00% per year. The lowest was -35.50% per year. And the median was -9.20% per year.

As of today (2026-06-29), Apex International Co's current stock price is NT$45.65. Apex International Co's E10 for the quarter that ended in Dec. 2025 was NT$1.17. Apex International Co's Shiller PE Ratio of today is 39.02.

During the past 13 years, the highest Shiller PE Ratio of Apex International Co was 48.12. The lowest was 8.80. And the median was 13.37.


Apex International Co  (TPE:4927) 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.

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

Shiller PE Ratio=Share Price/E10
=45.65/1.17
=39.02

* 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 Apex International Co was 48.12. The lowest was 8.80. And the median was 13.37.


Be Aware

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


Apex International Co E10 Related Terms


Apex International Co E10 Historical Data

* Premium members only.

The historical data trend for Apex International 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.

Apex International Co E10 Chart

Apex International 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 4.29 4.36 3.71 2.46 1.17

Apex International 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 2.46 2.30 2.13 1.69 1.17

TPE:4927 vs APH, GLW: E10 Comparison

For the Electronic Components subindustry, Apex International 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.


Apex International Co Shiller PE Ratio vs Hardware Industry

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

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


TPE:4927
65GF Score
Apex International Co Ltd TPE:4927
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Apex International 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, Apex International 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)
=-3.75/324.0540*324.0540
=-3.750

Current CPI (Dec. 2025) = 324.0540.

Apex International Co Quarterly Data

per share eps CPI Adj_EPS
201603 0.652 238.132 0.887
201606 0.809 241.018 1.088
201609 0.715 241.428 0.960
201612 -0.458 241.432 -0.615
201703 0.431 243.801 0.573
201706 0.028 244.955 0.037
201709 0.046 246.819 0.060
201712 0.000 246.524 0.000
201803 0.596 249.554 0.774
201806 0.752 251.989 0.967
201809 1.678 252.439 2.154
201812 1.385 251.233 1.786
201903 1.238 254.202 1.578
201906 1.275 256.143 1.613
201909 1.275 256.759 1.609
201912 0.202 256.974 0.255
202003 1.375 258.115 1.726
202006 1.678 257.797 2.109
202009 1.733 260.280 2.158
202012 0.999 260.474 1.243
202103 0.743 264.877 0.909
202106 1.403 271.696 1.673
202109 1.843 274.310 2.177
202112 2.659 278.802 3.091
202203 1.999 287.504 2.253
202206 1.742 296.311 1.905
202209 0.275 296.808 0.300
202212 0.202 296.797 0.221
202303 -0.458 301.836 -0.492
202306 -0.779 305.109 -0.827
202309 -0.871 307.789 -0.917
202312 -1.890 306.746 -1.997
202403 -1.428 312.332 -1.482
202406 -1.704 314.175 -1.758
202409 -2.690 315.301 -2.765
202412 -3.230 315.605 -3.316
202503 -1.276 319.799 -1.293
202506 -1.238 322.561 -1.244
202509 -2.240 324.800 -2.235
202512 -3.750 324.054 -3.750

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$1.17 mean?
Apex International Co (TPE:4927) has a E10 of NT$1.17 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Apex International Co and its competitors.
Is Apex International Co's E10 too high?
Apex International Co's current E10 is NT$1.17. Overall, Apex International Co has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Apex International Co's E10 compare to APH and GLW?
Apex International Co's E10 of NT$1.17 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 Apex International Co and its competitors. Apex International Co's current E10 is NT$1.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apex International Co stock overvalued right now?
Based on GuruFocus' analysis, Apex International Co (TPE:4927) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$29.80, compared to a current price of NT$45.65 — trading 53.2% above its estimated fair value. The current E10 is NT$1.17. Apex International Co's overall GF Score™ is 65/100 with 6 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 Apex International Co (TPE:4927), the current E10 is NT$1.17 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 Apex International Co (TPE:4927) Overvalued in 2026?

Based on GuruFocus' analysis, Apex International Co stock appears to be overvalued. The current stock price of NT$45.65 is trading 53.2% above its estimated GF Value™ of NT$29.80. GuruFocus considers Apex International Co to be Significantly Overvalued.

Key valuation signals for TPE:4927:

  • E10: NT$1.17
  • GF Value™: NT$29.80 vs. price of NT$45.65 (53.2% above fair value)
  • GF Score™: 65/100 with 6 warning signs

No single metric tells the full story. See the TPE:4927 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Apex International Co Business Description

Address 802, Oleander Way, West Bay Road, P.O. Box 32052, The Grand Pavilion Commercial Centre, Grand Cayman, CYM, KY1-1208
Apex International Co Ltd manufactures and sells double-sided and multi-layer printed circuit boards. It PCBs are applied in electronic products, such as digital versatile disks, LCD TVs, air conditioners, digital cameras, projectors, TV tuners, DVD players, recordable machines, printers, hard drives and motherboards, mobile phones, set-top boxes, and satellite TV receivers, as well as automotive audio components. Its product categories comprise home appliances, communication equipment, computer equipment, and auto parts. The Group has a single reportable segment: Thailand, which manufactures and sells PCBs. Geographically, it operates in Thailand, Korea, Hong Kong, Singapore, Vietnam, and Others.
65GF Score

Get the complete analysis for TPE:4927

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

NT$45.65
Price
NT$29.80
GF Value