Taiwan Acceptance (TPE:9941) E10: NT$8.09 (As of Mar. 2026)

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TPE:9941 Taiwan Acceptance Corp TPE:9941
65 GF Score
Price NT$81.70
GF Value NT$180.09
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Taiwan Acceptance E10?

Taiwan Acceptance TPE:9941 -0.24% 65 E10 is NT$8.09 as of Mar. 2026. GuruFocus rates TPE:9941 with a GF Score™ of 65/100 and a GF Value™ of NT$180.09 (Possible Value Trap). The stock has 3 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 Acceptance's adjusted earnings per share data for the three months ended in Mar. 2026 was NT$1.790. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$8.09 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Taiwan Acceptance's average E10 Growth Rate was 8.00% per year. During the past 3 years, the average E10 Growth Rate was 10.90% per year. During the past 5 years, the average E10 Growth Rate was 15.50% 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 Acceptance was 20.50% per year. The lowest was 10.90% per year. And the median was 15.40% per year.

As of today (2026-07-27), Taiwan Acceptance's current stock price is NT$81.70. Taiwan Acceptance's E10 for the quarter that ended in Mar. 2026 was NT$8.09. Taiwan Acceptance's Shiller PE Ratio of today is 10.10.

During the past 13 years, the highest Shiller PE Ratio of Taiwan Acceptance was 35.73. The lowest was 9.04. And the median was 18.97.


Taiwan Acceptance  (TPE:9941) 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 Acceptance's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=81.70/8.09
=10.10

* 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 Acceptance was 35.73. The lowest was 9.04. And the median was 18.97.


Be Aware

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


Taiwan Acceptance E10 Related Terms


Taiwan Acceptance E10 Historical Data

* Premium members only.

The historical data trend for Taiwan Acceptance'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 Acceptance E10 Chart

Taiwan Acceptance 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 4.77 5.79 6.70 7.33 7.89

Taiwan Acceptance Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 7.49 7.60 7.78 7.89 8.09

TPE:9941 vs V, MA, AXP: E10 Comparison

For the Credit Services subindustry, Taiwan Acceptance'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 Acceptance Shiller PE Ratio vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Taiwan Acceptance's Shiller PE Ratio distribution charts can be found below:

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


TPE:9941
65GF Score
Taiwan Acceptance Corp TPE:9941
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Taiwan Acceptance 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 Acceptance's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1.79/330.2130*330.2130
=1.790

Current CPI (Mar. 2026) = 330.2130.

Taiwan Acceptance Quarterly Data

per share eps CPI Adj_EPS
201606 0.733 241.018 1.004
201609 0.863 241.428 1.180
201612 0.811 241.432 1.109
201703 1.024 243.801 1.387
201706 1.112 244.955 1.499
201709 1.086 246.819 1.453
201712 1.174 246.524 1.573
201803 1.320 249.554 1.747
201806 0.972 251.989 1.274
201809 1.137 252.439 1.487
201812 1.235 251.233 1.623
201903 1.343 254.202 1.745
201906 1.292 256.143 1.666
201909 1.320 256.759 1.698
201912 1.251 256.974 1.608
202003 1.251 258.115 1.600
202006 1.471 257.797 1.884
202009 1.417 260.280 1.798
202012 1.410 260.474 1.788
202103 1.945 264.877 2.425
202106 1.996 271.696 2.426
202109 2.597 274.310 3.126
202112 2.606 278.802 3.087
202203 3.048 287.504 3.501
202206 2.190 296.311 2.441
202209 2.800 296.808 3.115
202212 2.181 296.797 2.427
202303 3.029 301.836 3.314
202306 2.943 305.109 3.185
202309 2.895 307.789 3.106
202312 1.676 306.746 1.804
202403 2.162 312.332 2.286
202406 2.105 314.175 2.212
202409 2.480 315.301 2.597
202412 1.410 315.605 1.475
202503 1.800 319.799 1.859
202506 1.733 322.561 1.774
202509 1.950 324.800 1.982
202512 1.860 324.054 1.895
202603 1.790 330.213 1.790

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$8.09 mean?
Taiwan Acceptance (TPE:9941) has a E10 of NT$8.09 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Taiwan Acceptance and its competitors.
Is Taiwan Acceptance's E10 too high?
Taiwan Acceptance's current E10 is NT$8.09. Overall, Taiwan Acceptance has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Taiwan Acceptance's E10 compare to V and MA?
Taiwan Acceptance's E10 of NT$8.09 can be compared against companies in the Credit 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 Credit Services company?
A good E10 depends on the Credit 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 Acceptance and its competitors. Taiwan Acceptance's current E10 is NT$8.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Acceptance stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Acceptance (TPE:9941) is currently considered Possible Value Trap. The stock's GF Value™ is NT$180.09, compared to a current price of NT$81.70 — trading 54.6% below its estimated fair value. The current E10 is NT$8.09. Taiwan Acceptance's overall GF Score™ is 65/100 with 3 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 Acceptance (TPE:9941), the current E10 is NT$8.09 as of Mar. 2026. 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 Acceptance (TPE:9941) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Acceptance stock appears to be undervalued. The current stock price of NT$81.70 is trading 54.6% below its estimated GF Value™ of NT$180.09. GuruFocus considers Taiwan Acceptance to be Possible Value Trap.

Key valuation signals for TPE:9941:

  • E10: NT$8.09
  • GF Value™: NT$180.09 vs. price of NT$81.70 (54.6% below fair value)
  • GF Score™: 65/100 with 3 warning signs

No single metric tells the full story. See the TPE:9941 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiwan Acceptance Business Description

Other Exchanges 9941A.PFD:Taiwan
Address Section 2, Dunhua South Road, No. 2, 15th Floor, Da\'an District, Taipei, TWN
Taiwan Acceptance Corp mainly focuses on accounts receivable purchasing, installment accounts sales, and the equipment leasing business, which is related to products such as various vehicles, equipment, consumer goods, and power generation business. The Group's reportable segments are: Leasing, which generates the maximum revenue, and Financing. Geographically, it derives maximum revenue from Taiwan, followed by China, and other overseas markets.
65GF Score

Get the complete analysis for TPE:9941

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

NT$81.70
Price
NT$180.09
GF Value