Nien Made Enterprise Co (TPE:8464) E10: NT$20.03 (As of Dec. 2025)


TPE:8464 Nien Made Enterprise Co Ltd TPE:8464
94 GF Score
Price NT$350.50
GF Value NT$407.40
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Nien Made Enterprise Co E10?

Nien Made Enterprise Co TPE:8464 -1.41% 94 E10 is NT$20.03 as of Dec. 2025. GuruFocus rates TPE:8464 with a GF Score™ of 94/100 and a GF Value™ of NT$407.40 (Modestly Undervalued). 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.

Nien Made Enterprise Co's adjusted earnings per share data for the three months ended in Dec. 2025 was NT$6.680. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$20.03 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Nien Made Enterprise Co's average E10 Growth Rate was 7.40% 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.

As of today (2026-06-28), Nien Made Enterprise Co's current stock price is NT$350.50. Nien Made Enterprise Co's E10 for the quarter that ended in Dec. 2025 was NT$20.03. Nien Made Enterprise Co's Shiller PE Ratio of today is 17.50.

During the past 13 years, the highest Shiller PE Ratio of Nien Made Enterprise Co was 28.48. The lowest was 15.73. And the median was 20.72.


Nien Made Enterprise Co  (TPE:8464) 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.

Nien Made Enterprise Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=350.50/20.03
=17.50

* 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 Nien Made Enterprise Co was 28.48. The lowest was 15.73. And the median was 20.72.


Be Aware

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


Nien Made Enterprise Co E10 Related Terms


Nien Made Enterprise Co E10 Historical Data

* Premium members only.

The historical data trend for Nien Made Enterprise 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.

Nien Made Enterprise Co E10 Chart

Nien Made Enterprise 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 0.00 0.00 17.22 18.65 20.03

Nien Made Enterprise 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 18.65 19.27 19.47 19.81 20.03

TPE:8464 vs SN, SGI, MHK: E10 Comparison

For the Furnishings, Fixtures & Appliances subindustry, Nien Made Enterprise 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.


Nien Made Enterprise Co Shiller PE Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Nien Made Enterprise Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Nien Made Enterprise Co's Shiller PE Ratio falls into.


TPE:8464
94GF Score
Nien Made Enterprise Co Ltd TPE:8464
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nien Made Enterprise 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, Nien Made Enterprise 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)
=6.68/324.0540*324.0540
=6.680

Current CPI (Dec. 2025) = 324.0540.

Nien Made Enterprise Co Quarterly Data

per share eps CPI Adj_EPS
201603 2.160 238.132 2.939
201606 3.500 241.018 4.706
201609 3.480 241.428 4.671
201612 3.440 241.432 4.617
201703 2.380 243.801 3.163
201706 3.700 244.955 4.895
201709 3.150 246.819 4.136
201712 3.040 246.524 3.996
201803 1.840 249.554 2.389
201806 3.560 251.989 4.578
201809 3.650 252.439 4.685
201812 3.340 251.233 4.308
201903 2.570 254.202 3.276
201906 4.060 256.143 5.136
201909 4.760 256.759 6.008
201912 3.970 256.974 5.006
202003 2.790 258.115 3.503
202006 4.120 257.797 5.179
202009 5.050 260.280 6.287
202012 4.410 260.474 5.486
202103 4.380 264.877 5.359
202106 4.180 271.696 4.986
202109 4.700 274.310 5.552
202112 4.860 278.802 5.649
202203 5.130 287.504 5.782
202206 5.660 296.311 6.190
202209 5.240 296.808 5.721
202212 5.030 296.797 5.492
202303 3.840 301.836 4.123
202306 4.620 305.109 4.907
202309 5.410 307.789 5.696
202312 4.830 306.746 5.103
202403 4.870 312.332 5.053
202406 6.030 314.175 6.220
202409 6.040 315.301 6.208
202412 6.560 315.605 6.736
202503 6.050 319.799 6.130
202506 3.930 322.561 3.948
202509 5.820 324.800 5.807
202512 6.680 324.054 6.680

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$20.03 mean?
Nien Made Enterprise Co (TPE:8464) has a E10 of NT$20.03 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Nien Made Enterprise Co and its competitors.
Is Nien Made Enterprise Co's E10 too high?
Nien Made Enterprise Co's current E10 is NT$20.03. Overall, Nien Made Enterprise Co has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nien Made Enterprise Co's E10 compare to SN and SGI?
Nien Made Enterprise Co's E10 of NT$20.03 can be compared against companies in the Furnishings, Fixtures & Appliances 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 Furnishings, Fixtures & Appliances company?
A good E10 depends on the Furnishings, Fixtures & Appliances 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 Nien Made Enterprise Co and its competitors. Nien Made Enterprise Co's current E10 is NT$20.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nien Made Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Nien Made Enterprise Co (TPE:8464) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$407.40, compared to a current price of NT$350.50 — trading 14% below its estimated fair value. The current E10 is NT$20.03. Nien Made Enterprise Co's overall GF Score™ is 94/100 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 Nien Made Enterprise Co (TPE:8464), the current E10 is NT$20.03 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 Nien Made Enterprise Co (TPE:8464) Overvalued in 2026?

Based on GuruFocus' analysis, Nien Made Enterprise Co stock appears to be undervalued. The current stock price of NT$350.50 is trading 14% below its estimated GF Value™ of NT$407.40. GuruFocus considers Nien Made Enterprise Co to be Modestly Undervalued.

Key valuation signals for TPE:8464:

  • E10: NT$20.03
  • GF Value™: NT$407.40 vs. price of NT$350.50 (14% below fair value)
  • GF Score™: 94/100 with 1 warning sign

No single metric tells the full story. See the TPE:8464 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nien Made Enterprise Co Business Description

Address Chengbei Shizheng North 7th Road, 26th Floor-1, No. 98, Xitun District, Taichung, TWN
Nien Made Enterprise Co Ltd is a Taiwan-based company principally engaged in the business of home furnishings. The company manufactures and distributes curtains and window blinds. The product range consists of interior and exterior shutters, faux wood blinds, vinyl blinds, wood blinds, roll-up shades, and cellular shades. The company operates in two reportable segments that are Window coverings and other, out of which the majority of revenue is generated by sales of Window coverings. Geographically, the company generates a majority of its revenue from America and the rest from Europe and other regions.
94GF Score

Get the complete analysis for TPE:8464

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

NT$350.50
Price
NT$407.40
GF Value