Taiwan Paiho (TPE:9938) E10: NT$5.77 (As of Dec. 2025)


TPE:9938 Taiwan Paiho Ltd TPE:9938
78 GF Score
Price NT$45.05
GF Value NT$68.91
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Taiwan Paiho E10?

Taiwan Paiho TPE:9938 -0.77% 78 E10 is NT$5.77 as of Dec. 2025. GuruFocus rates TPE:9938 with a GF Score™ of 78/100 and a GF Value™ of NT$68.91 (Possible Value Trap). The stock has 7 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 Paiho's adjusted earnings per share data for the three months ended in Dec. 2025 was NT$0.730. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$5.77 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Taiwan Paiho's average E10 Growth Rate was 0.90% per year. During the past 3 years, the average E10 Growth Rate was 1.90% per year. During the past 5 years, the average E10 Growth Rate was 6.70% 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 Paiho was 11.60% per year. The lowest was 1.90% per year. And the median was 9.10% per year.

As of today (2026-07-07), Taiwan Paiho's current stock price is NT$45.05. Taiwan Paiho's E10 for the quarter that ended in Dec. 2025 was NT$5.77. Taiwan Paiho's Shiller PE Ratio of today is 7.81.

During the past 13 years, the highest Shiller PE Ratio of Taiwan Paiho was 24.26. The lowest was 7.44. And the median was 12.57.


Taiwan Paiho  (TPE:9938) 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 Paiho's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=45.05/5.77
=7.81

* 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 Paiho was 24.26. The lowest was 7.44. And the median was 12.57.


Be Aware

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


Taiwan Paiho E10 Related Terms


Taiwan Paiho E10 Historical Data

* Premium members only.

The historical data trend for Taiwan Paiho'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 Paiho E10 Chart

Taiwan Paiho 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 4.83 5.46 5.52 5.72 5.77

Taiwan Paiho 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 5.72 5.84 5.83 5.85 5.77

Taiwan Paiho E10 Competitor Comparison

For the Textile Manufacturing subindustry, Taiwan Paiho'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 Paiho Shiller PE Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Taiwan Paiho's Shiller PE Ratio distribution charts can be found below:

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


TPE:9938
78GF Score
Taiwan Paiho Ltd TPE:9938
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Taiwan Paiho 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 Paiho'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)
=0.73/324.0540*324.0540
=0.730

Current CPI (Dec. 2025) = 324.0540.

Taiwan Paiho Quarterly Data

per share eps CPI Adj_EPS
201603 1.270 238.132 1.728
201606 1.250 241.018 1.681
201609 1.170 241.428 1.570
201612 1.300 241.432 1.745
201703 1.370 243.801 1.821
201706 1.300 244.955 1.720
201709 1.550 246.819 2.035
201712 1.210 246.524 1.591
201803 1.230 249.554 1.597
201806 1.070 251.989 1.376
201809 0.960 252.439 1.232
201812 1.310 251.233 1.690
201903 1.360 254.202 1.734
201906 1.310 256.143 1.657
201909 1.180 256.759 1.489
201912 1.250 256.974 1.576
202003 1.790 258.115 2.247
202006 0.820 257.797 1.031
202009 1.220 260.280 1.519
202012 1.370 260.474 1.704
202103 1.950 264.877 2.386
202106 2.300 271.696 2.743
202109 1.170 274.310 1.382
202112 1.480 278.802 1.720
202203 1.550 287.504 1.747
202206 1.870 296.311 2.045
202209 1.340 296.808 1.463
202212 0.320 296.797 0.349
202303 0.450 301.836 0.483
202306 0.240 305.109 0.255
202309 0.860 307.789 0.905
202312 0.400 306.746 0.423
202403 1.120 312.332 1.162
202406 1.170 314.175 1.207
202409 1.530 315.301 1.572
202412 0.930 315.605 0.955
202503 1.530 319.799 1.550
202506 0.670 322.561 0.673
202509 1.160 324.800 1.157
202512 0.730 324.054 0.730

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$5.77 mean?
Taiwan Paiho (TPE:9938) has a E10 of NT$5.77 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Taiwan Paiho and its competitors.
Is Taiwan Paiho's E10 too high?
Taiwan Paiho's current E10 is NT$5.77. Overall, Taiwan Paiho has a GF Score™ of 78/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Taiwan Paiho's E10 compare to competitors?
Taiwan Paiho's E10 of NT$5.77 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good E10 depends on the Manufacturing - Apparel & Accessories 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 Paiho and its competitors. Taiwan Paiho's current E10 is NT$5.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Paiho stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Paiho (TPE:9938) is currently considered Possible Value Trap. The stock's GF Value™ is NT$68.91, compared to a current price of NT$45.05 — trading 34.6% below its estimated fair value. The current E10 is NT$5.77. Taiwan Paiho's overall GF Score™ is 78/100 with 7 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 Paiho (TPE:9938), the current E10 is NT$5.77 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 Paiho (TPE:9938) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Paiho stock appears to be undervalued. The current stock price of NT$45.05 is trading 34.6% below its estimated GF Value™ of NT$68.91. GuruFocus considers Taiwan Paiho to be Possible Value Trap.

Key valuation signals for TPE:9938:

  • E10: NT$5.77
  • GF Value™: NT$68.91 vs. price of NT$45.05 (34.6% below fair value)
  • GF Score™: 78/100 with 7 warning signs

No single metric tells the full story. See the TPE:9938 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiwan Paiho Business Description

Address No. 575, Hegang Road, Hemei Township, Changhua County, Changhua, TWN, 508004
Taiwan Paiho Ltd manufactures and sells touch fasteners, webbing, shoelaces, elastic, easy tape, and related superficial materials, as well as residential buildings constructed by entrusted construction contractors. The Group is also engaged in the construction business, including the sale of housing, shopping centers, and office buildings constructed by entrusted construction contractors. The Group operates through two reportable segments: Production, which generates maximum revenue, and Construction. Its business mainly operates in Taiwan, China, and Vietnam, with maximum revenue generated from Vietnam.
78GF Score

Get the complete analysis for TPE:9938

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

NT$45.05
Price
NT$68.91
GF Value