Taiwan Secom Co (TPE:9917) E10: NT$6.02 (As of Dec. 2025)


TPE:9917 Taiwan Secom Co Ltd TPE:9917
90 GF Score
Price NT$106.00
GF Value NT$139.14
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Taiwan Secom Co E10?

Taiwan Secom Co TPE:9917 +0.47% 90 E10 is NT$6.02 as of Dec. 2025. GuruFocus rates TPE:9917 with a GF Score™ of 90/100 and a GF Value™ of NT$139.14 (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.

Taiwan Secom Co's adjusted earnings per share data for the three months ended in Dec. 2025 was NT$1.780. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$6.02 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Taiwan Secom Co's average E10 Growth Rate was 3.40% per year. During the past 3 years, the average E10 Growth Rate was 3.40% per year. During the past 5 years, the average E10 Growth Rate was 5.00% 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 Taiwan Secom Co was 6.50% per year. The lowest was 3.40% per year. And the median was 5.10% per year.

As of today (2026-06-29), Taiwan Secom Co's current stock price is NT$106.00. Taiwan Secom Co's E10 for the quarter that ended in Dec. 2025 was NT$6.02. Taiwan Secom Co's Shiller PE Ratio of today is 17.61.

During the past 13 years, the highest Shiller PE Ratio of Taiwan Secom Co was 25.52. The lowest was 16.99. And the median was 19.53.


Taiwan Secom Co  (TPE:9917) 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.

Taiwan Secom Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=106.00/6.02
=17.61

* 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 Taiwan Secom Co was 25.52. The lowest was 16.99. And the median was 19.53.


Be Aware

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


Taiwan Secom Co E10 Related Terms


Taiwan Secom Co E10 Historical Data

* Premium members only.

The historical data trend for Taiwan Secom 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.

Taiwan Secom Co E10 Chart

Taiwan Secom 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 5.08 5.45 5.63 5.82 6.02

Taiwan Secom 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 5.82 5.90 5.96 6.01 6.02

TPE:9917 vs ALLE, MSA, ADT: E10 Comparison

For the Security & Protection Services subindustry, Taiwan Secom 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.


Taiwan Secom Co Shiller PE Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Taiwan Secom Co's Shiller PE Ratio distribution charts can be found below:

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


TPE:9917
90GF Score
Taiwan Secom Co Ltd TPE:9917
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Taiwan Secom 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, Taiwan Secom 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)
=1.78/324.0540*324.0540
=1.780

Current CPI (Dec. 2025) = 324.0540.

Taiwan Secom Co Quarterly Data

per share eps CPI Adj_EPS
201603 1.050 238.132 1.429
201606 1.090 241.018 1.466
201609 1.030 241.428 1.383
201612 -1.770 241.432 -2.376
201703 1.670 243.801 2.220
201706 1.250 244.955 1.654
201709 1.140 246.819 1.497
201712 0.930 246.524 1.222
201803 1.190 249.554 1.545
201806 1.070 251.989 1.376
201809 1.160 252.439 1.489
201812 1.220 251.233 1.574
201903 1.190 254.202 1.517
201906 1.210 256.143 1.531
201909 1.220 256.759 1.540
201912 1.210 256.974 1.526
202003 1.208 258.115 1.517
202006 1.200 257.797 1.508
202009 1.350 260.280 1.681
202012 1.640 260.474 2.040
202103 1.330 264.877 1.627
202106 1.390 271.696 1.658
202109 1.400 274.310 1.654
202112 1.610 278.802 1.871
202203 1.586 287.504 1.788
202206 1.280 296.311 1.400
202209 1.440 296.808 1.572
202212 1.540 296.797 1.681
202303 1.370 301.836 1.471
202306 1.460 305.109 1.551
202309 1.480 307.789 1.558
202312 1.540 306.746 1.627
202403 1.397 312.332 1.449
202406 1.780 314.175 1.836
202409 1.630 315.301 1.675
202412 1.600 315.605 1.643
202503 1.589 319.799 1.610
202506 1.660 322.561 1.668
202509 1.730 324.800 1.726
202512 1.780 324.054 1.780

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$6.02 mean?
Taiwan Secom Co (TPE:9917) has a E10 of NT$6.02 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Taiwan Secom Co and its competitors.
Is Taiwan Secom Co's E10 too high?
Taiwan Secom Co's current E10 is NT$6.02. Overall, Taiwan Secom Co has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Secom Co's E10 compare to ALLE and MSA?
Taiwan Secom Co's E10 of NT$6.02 can be compared against companies in the Business Services 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 Business Services company?
A good E10 depends on the Business Services 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 Taiwan Secom Co and its competitors. Taiwan Secom Co's current E10 is NT$6.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Secom Co stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Secom Co (TPE:9917) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$139.14, compared to a current price of NT$106.00 — trading 23.8% below its estimated fair value. The current E10 is NT$6.02. Taiwan Secom Co's overall GF Score™ is 90/100 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 Taiwan Secom Co (TPE:9917), the current E10 is NT$6.02 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 Taiwan Secom Co (TPE:9917) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Secom Co stock appears to be undervalued. The current stock price of NT$106.00 is trading 23.8% below its estimated GF Value™ of NT$139.14. GuruFocus considers Taiwan Secom Co to be Modestly Undervalued.

Key valuation signals for TPE:9917:

  • E10: NT$6.02
  • GF Value™: NT$139.14 vs. price of NT$106.00 (23.8% below fair value)
  • GF Score™: 90/100 with 5 warning signs

No single metric tells the full story. See the TPE:9917 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiwan Secom Co Business Description

Address 13th Floor, No.135, Jingmao 2nd Road, Nangang District, Taipei, TWN
Taiwan Secom Co Ltd is engaged mainly in the security service. Its segments consist of Electronic systems segment engages in security system related service; Security services segment engages in security guarding related service; Cash delivery services engages in cash delivery service; Logistics services segment engages in logistic service; and Catering services segment engages in catering services. It derives the majority of revenue from Electronic systems segment.
90GF Score

Get the complete analysis for TPE:9917

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

NT$106.00
Price
NT$139.14
GF Value