Great Taipei Gas (TPE:9908) E10: NT$1.95 (As of Dec. 2025)


TPE:9908 Great Taipei Gas Corp TPE:9908
87 GF Score
Price NT$29.80
GF Value NT$31.57
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Great Taipei Gas E10?

Great Taipei Gas TPE:9908 +0.51% 87 E10 is NT$1.95 as of Dec. 2025. GuruFocus rates TPE:9908 with a GF Score™ of 87/100 and a GF Value™ of NT$31.57 (Fairly Valued). The stock has 4 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.

Great Taipei Gas's adjusted earnings per share data for the three months ended in Dec. 2025 was NT$0.180. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$1.95 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Great Taipei Gas's average E10 Growth Rate was 2.60% per year. During the past 3 years, the average E10 Growth Rate was 4.30% per year. During the past 5 years, the average E10 Growth Rate was 5.80% 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 Great Taipei Gas was 7.80% per year. The lowest was 4.30% per year. And the median was 5.60% per year.

As of today (2026-07-05), Great Taipei Gas's current stock price is NT$29.80. Great Taipei Gas's E10 for the quarter that ended in Dec. 2025 was NT$1.95. Great Taipei Gas's Shiller PE Ratio of today is 15.28.

During the past 13 years, the highest Shiller PE Ratio of Great Taipei Gas was 23.33. The lowest was 14.92. And the median was 18.60.


Great Taipei Gas  (TPE:9908) 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.

Great Taipei Gas's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=29.80/1.95
=15.28

* 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 Great Taipei Gas was 23.33. The lowest was 14.92. And the median was 18.60.


Be Aware

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


Great Taipei Gas E10 Related Terms


Great Taipei Gas E10 Historical Data

* Premium members only.

The historical data trend for Great Taipei Gas'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.

Great Taipei Gas E10 Chart

Great Taipei Gas 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 1.61 1.72 1.84 1.90 1.95

Great Taipei Gas 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 1.90 1.92 1.94 1.97 1.95

TPE:9908 vs ATO, NI, UGI: E10 Comparison

For the Utilities - Regulated Gas subindustry, Great Taipei Gas'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.


Great Taipei Gas Shiller PE Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Great Taipei Gas's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Great Taipei Gas's Shiller PE Ratio falls into.


TPE:9908
87GF Score
Great Taipei Gas Corp TPE:9908
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Great Taipei Gas 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, Great Taipei Gas'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)
=0.18/324.0540*324.0540
=0.180

Current CPI (Dec. 2025) = 324.0540.

Great Taipei Gas Quarterly Data

per share eps CPI Adj_EPS
201603 0.170 238.132 0.231
201606 0.430 241.018 0.578
201609 0.610 241.428 0.819
201612 0.220 241.432 0.295
201703 0.440 243.801 0.585
201706 0.280 244.955 0.370
201709 0.620 246.819 0.814
201712 0.200 246.524 0.263
201803 0.230 249.554 0.299
201806 0.310 251.989 0.399
201809 0.630 252.439 0.809
201812 0.150 251.233 0.193
201903 0.330 254.202 0.421
201906 0.410 256.143 0.519
201909 0.680 256.759 0.858
201912 0.260 256.974 0.328
202003 0.110 258.115 0.138
202006 0.540 257.797 0.679
202009 0.690 260.280 0.859
202012 0.290 260.474 0.361
202103 0.410 264.877 0.502
202106 0.350 271.696 0.417
202109 0.540 274.310 0.638
202112 0.450 278.802 0.523
202203 0.320 287.504 0.361
202206 0.260 296.311 0.284
202209 0.650 296.808 0.710
202212 0.320 296.797 0.349
202303 0.510 301.836 0.548
202306 0.630 305.109 0.669
202309 0.750 307.789 0.790
202312 0.420 306.746 0.444
202403 0.480 312.332 0.498
202406 0.420 314.175 0.433
202409 0.640 315.301 0.658
202412 0.170 315.605 0.175
202503 0.280 319.799 0.284
202506 0.440 322.561 0.442
202509 0.820 324.800 0.818
202512 0.180 324.054 0.180

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$1.95 mean?
Great Taipei Gas (TPE:9908) has a E10 of NT$1.95 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Great Taipei Gas and its competitors.
Is Great Taipei Gas' E10 too high?
Great Taipei Gas' current E10 is NT$1.95. Overall, Great Taipei Gas has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Great Taipei Gas' E10 compare to ATO and NI?
Great Taipei Gas' E10 of NT$1.95 can be compared against companies in the Utilities - Regulated 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 an Utilities - Regulated company?
A good E10 depends on the Utilities - Regulated 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 Great Taipei Gas and its competitors. Great Taipei Gas's current E10 is NT$1.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Great Taipei Gas stock overvalued right now?
Based on GuruFocus' analysis, Great Taipei Gas (TPE:9908) is currently considered Fairly Valued. The stock's GF Value™ is NT$31.57, compared to a current price of NT$29.80 — trading 5.6% below its estimated fair value. The current E10 is NT$1.95. Great Taipei Gas' overall GF Score™ is 87/100 with 4 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 Great Taipei Gas (TPE:9908), the current E10 is NT$1.95 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 Great Taipei Gas (TPE:9908) Overvalued in 2026?

Based on GuruFocus' analysis, Great Taipei Gas stock appears to be undervalued. The current stock price of NT$29.80 is trading 5.6% below its estimated GF Value™ of NT$31.57. GuruFocus considers Great Taipei Gas to be Fairly Valued.

Key valuation signals for TPE:9908:

  • E10: NT$1.95
  • GF Value™: NT$31.57 vs. price of NT$29.80 (5.6% below fair value)
  • GF Score™: 87/100 with 4 warning signs

No single metric tells the full story. See the TPE:9908 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Great Taipei Gas Business Description

Address No. 35, Lane 11, Guangfu North Raod, 5th Floor, Songshan District, Taipei, TWN, 105
Great Taipei Gas Corp is engaged in the supply of gas, the manufacture and supply of gas equipment and related equipment, the marketing of gas equipment, the sale of meters and gauges (gas meters), the Type I telecommunications business, and the office building rental business. Its operating segments are: Gas sales department, which generates maximum revenue; Equipment department; Investment department; Telecom department; and Others.
87GF Score

Get the complete analysis for TPE:9908

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

NT$29.80
Price
NT$31.57
GF Value