Taiwan Fu Hsing Industrial Co (TPE:9924) E10: NT$5.83 (As of Dec. 2025)


TPE:9924 Taiwan Fu Hsing Industrial Co Ltd TPE:9924
82 GF Score
Price NT$40.00
GF Value NT$43.79
Valuation Fairly Valued
! 2 Warning Signs
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What is Taiwan Fu Hsing Industrial Co E10?

Taiwan Fu Hsing Industrial Co TPE:9924 -0.62% 82 E10 is NT$5.83 as of Dec. 2025. GuruFocus rates TPE:9924 with a GF Score™ of 82/100 and a GF Value™ of NT$43.79 (Fairly Valued). The stock has 2 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 Fu Hsing Industrial Co's adjusted earnings per share data for the three months ended in Dec. 2025 was NT$0.910. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$5.83 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Taiwan Fu Hsing Industrial Co's average E10 Growth Rate was -3.60% per year. During the past 3 years, the average E10 Growth Rate was 2.00% per year. During the past 5 years, the average E10 Growth Rate was 6.10% 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 Fu Hsing Industrial Co was 10.20% per year. The lowest was 2.00% per year. And the median was 8.30% per year.

As of today (2026-06-28), Taiwan Fu Hsing Industrial Co's current stock price is NT$40.00. Taiwan Fu Hsing Industrial Co's E10 for the quarter that ended in Dec. 2025 was NT$5.83. Taiwan Fu Hsing Industrial Co's Shiller PE Ratio of today is 6.86.

During the past 13 years, the highest Shiller PE Ratio of Taiwan Fu Hsing Industrial Co was 14.87. The lowest was 6.86. And the median was 10.76.


Taiwan Fu Hsing Industrial Co  (TPE:9924) 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 Fu Hsing Industrial Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=40.00/5.83
=6.86

* 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 Fu Hsing Industrial Co was 14.87. The lowest was 6.86. And the median was 10.76.


Be Aware

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


Taiwan Fu Hsing Industrial Co E10 Related Terms


Taiwan Fu Hsing Industrial Co E10 Historical Data

* Premium members only.

The historical data trend for Taiwan Fu Hsing Industrial 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 Fu Hsing Industrial Co E10 Chart

Taiwan Fu Hsing Industrial 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 4.92 5.49 5.79 6.05 5.83

Taiwan Fu Hsing Industrial 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 6.05 6.11 5.98 5.91 5.83

TPE:9924 vs TT, JCI, CARR: E10 Comparison

For the Building Products & Equipment subindustry, Taiwan Fu Hsing Industrial 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 Fu Hsing Industrial Co Shiller PE Ratio vs Construction Industry

For the Construction industry and Industrials sector, Taiwan Fu Hsing Industrial Co's Shiller PE Ratio distribution charts can be found below:

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


TPE:9924
82GF Score
Taiwan Fu Hsing Industrial Co Ltd TPE:9924
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Taiwan Fu Hsing Industrial 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 Fu Hsing Industrial 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)
=0.91/324.0540*324.0540
=0.910

Current CPI (Dec. 2025) = 324.0540.

Taiwan Fu Hsing Industrial Co Quarterly Data

per share eps CPI Adj_EPS
201603 1.188 238.132 1.617
201606 1.588 241.018 2.135
201609 1.400 241.428 1.879
201612 1.213 241.432 1.628
201703 0.638 243.801 0.848
201706 1.013 244.955 1.340
201709 1.163 246.819 1.527
201712 0.800 246.524 1.052
201803 0.288 249.554 0.374
201806 1.350 251.989 1.736
201809 1.650 252.439 2.118
201812 1.200 251.233 1.548
201903 1.088 254.202 1.387
201906 1.675 256.143 2.119
201909 1.700 256.759 2.146
201912 0.900 256.974 1.135
202003 0.988 258.115 1.240
202006 1.600 257.797 2.011
202009 1.788 260.280 2.226
202012 0.950 260.474 1.182
202103 1.088 264.877 1.331
202106 0.888 271.696 1.059
202109 1.450 274.310 1.713
202112 0.925 278.802 1.075
202203 0.775 287.504 0.874
202206 1.850 296.311 2.023
202209 2.475 296.808 2.702
202212 0.813 296.797 0.888
202303 0.638 301.836 0.685
202306 1.475 305.109 1.567
202309 2.638 307.789 2.777
202312 1.425 306.746 1.505
202403 1.613 312.332 1.674
202406 1.538 314.175 1.586
202409 1.140 315.301 1.172
202412 1.080 315.605 1.109
202503 1.300 319.799 1.317
202506 -0.313 322.561 -0.314
202509 1.410 324.800 1.407
202512 0.910 324.054 0.910

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$5.83 mean?
Taiwan Fu Hsing Industrial Co (TPE:9924) has a E10 of NT$5.83 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Taiwan Fu Hsing Industrial Co and its competitors.
Is Taiwan Fu Hsing Industrial Co's E10 too high?
Taiwan Fu Hsing Industrial Co's current E10 is NT$5.83. Overall, Taiwan Fu Hsing Industrial Co has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Fu Hsing Industrial Co's E10 compare to TT and JCI?
Taiwan Fu Hsing Industrial Co's E10 of NT$5.83 can be compared against companies in the Construction 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 Construction company?
A good E10 depends on the Construction 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 Fu Hsing Industrial Co and its competitors. Taiwan Fu Hsing Industrial Co's current E10 is NT$5.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Fu Hsing Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Fu Hsing Industrial Co (TPE:9924) is currently considered Fairly Valued. The stock's GF Value™ is NT$43.79, compared to a current price of NT$40.00 — trading 8.7% below its estimated fair value. The current E10 is NT$5.83. Taiwan Fu Hsing Industrial Co's overall GF Score™ is 82/100 with 2 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 Fu Hsing Industrial Co (TPE:9924), the current E10 is NT$5.83 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 Fu Hsing Industrial Co (TPE:9924) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Fu Hsing Industrial Co stock appears to be undervalued. The current stock price of NT$40.00 is trading 8.7% below its estimated GF Value™ of NT$43.79. GuruFocus considers Taiwan Fu Hsing Industrial Co to be Fairly Valued.

Key valuation signals for TPE:9924:

  • E10: NT$5.83
  • GF Value™: NT$43.79 vs. price of NT$40.00 (8.7% below fair value)
  • GF Score™: 82/100 with 2 warning signs

No single metric tells the full story. See the TPE:9924 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiwan Fu Hsing Industrial Co Business Description

Address No. 88, Yucai Road, Benzhou Village, Gangshan District, Kaohsiung, TWN, 820
Taiwan Fu Hsing Industrial Co Ltd is engaged in the manufacture and distribution of door locks and related accessories and furniture. The products of the company include commercial door locks, residential door locks, door lock parts, door closing-related products, fire door hardware, electronic door locks, flat handle locks, round handle and flat handle horn locks, auxiliary locks, interlocking locks, large handle locks, and European standard lockboxes, floor springs, and tooling. Geographically, the company generates a majority of its revenue from its customers located in the United States followed by Asia, Europe, and other regions.
82GF Score

Get the complete analysis for TPE:9924

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

NT$40.00
Price
NT$43.79
GF Value