Ruentex Development Co (TPE:9945) E10: NT$4.44 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPE:9945 Ruentex Development Co Ltd TPE:9945
74 GF Score
Price NT$25.85
GF Value NT$53.56
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Ruentex Development Co E10?

Ruentex Development Co TPE:9945 +1.77% 74 E10 is NT$4.44 as of Dec. 2025. GuruFocus rates TPE:9945 with a GF Score™ of 74/100 and a GF Value™ of NT$53.56 (Possible Value Trap). 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.

Ruentex Development Co's adjusted earnings per share data for the three months ended in Dec. 2025 was NT$1.250. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is NT$4.44 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Ruentex Development Co's average E10 Growth Rate was 2.10% per year. During the past 3 years, the average E10 Growth Rate was -6.00% per year. During the past 5 years, the average E10 Growth Rate was -0.40% 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 Ruentex Development Co was 12.70% per year. The lowest was -6.00% per year. And the median was -0.30% per year.

As of today (2026-07-15), Ruentex Development Co's current stock price is NT$25.85. Ruentex Development Co's E10 for the quarter that ended in Dec. 2025 was NT$4.44. Ruentex Development Co's Shiller PE Ratio of today is 5.82.

During the past 13 years, the highest Shiller PE Ratio of Ruentex Development Co was 11.74. The lowest was 2.94. And the median was 6.88.


Ruentex Development Co  (TPE:9945) 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.

Ruentex Development Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=25.85/4.44
=5.82

* 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 Ruentex Development Co was 11.74. The lowest was 2.94. And the median was 6.88.


Be Aware

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


Ruentex Development Co E10 Related Terms


Ruentex Development Co E10 Historical Data

* Premium members only.

The historical data trend for Ruentex Development 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.

Ruentex Development Co E10 Chart

Ruentex Development 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 4.88 5.35 3.99 4.35 4.44

Ruentex Development 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 4.35 4.44 4.44 4.39 4.44

TPE:9945 vs PWR, FIX, EME: E10 Comparison

For the Engineering & Construction subindustry, Ruentex Development 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.


Ruentex Development Co Shiller PE Ratio vs Construction Industry

For the Construction industry and Industrials sector, Ruentex Development Co's Shiller PE Ratio distribution charts can be found below:

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


TPE:9945
74GF Score
Ruentex Development Co Ltd TPE:9945
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ruentex Development 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, Ruentex Development 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)
=1.25/324.0540*324.0540
=1.250

Current CPI (Dec. 2025) = 324.0540.

Ruentex Development Co Quarterly Data

per share eps CPI Adj_EPS
201603 0.838 238.132 1.140
201606 0.196 241.018 0.264
201609 0.817 241.428 1.097
201612 1.041 241.432 1.397
201703 0.159 243.801 0.211
201706 0.388 244.955 0.513
201709 0.660 246.819 0.867
201712 1.446 246.524 1.901
201803 0.575 249.554 0.747
201806 0.808 251.989 1.039
201809 0.836 252.439 1.073
201812 0.346 251.233 0.446
201903 0.783 254.202 0.998
201906 1.404 256.143 1.776
201909 1.571 256.759 1.983
201912 -0.466 256.974 -0.588
202003 1.074 258.115 1.348
202006 0.534 257.797 0.671
202009 1.370 260.280 1.706
202012 0.133 260.474 0.165
202103 2.407 264.877 2.945
202106 1.356 271.696 1.617
202109 1.104 274.310 1.304
202112 2.574 278.802 2.992
202203 1.411 287.504 1.590
202206 2.133 296.311 2.333
202209 1.470 296.808 1.605
202212 -1.660 296.797 -1.812
202303 0.100 301.836 0.107
202306 1.520 305.109 1.614
202309 2.100 307.789 2.211
202312 -1.020 306.746 -1.078
202403 2.460 312.332 2.552
202406 1.540 314.175 1.588
202409 1.300 315.301 1.336
202412 0.750 315.605 0.770
202503 1.240 319.799 1.256
202506 0.480 322.561 0.482
202509 0.960 324.800 0.958
202512 1.250 324.054 1.250

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$4.44 mean?
Ruentex Development Co (TPE:9945) has a E10 of NT$4.44 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Ruentex Development Co and its competitors.
Is Ruentex Development Co's E10 too high?
Ruentex Development Co's current E10 is NT$4.44. Overall, Ruentex Development Co has a GF Score™ of 74/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ruentex Development Co's E10 compare to PWR and FIX?
Ruentex Development Co's E10 of NT$4.44 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 Ruentex Development Co and its competitors. Ruentex Development Co's current E10 is NT$4.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ruentex Development Co stock overvalued right now?
Based on GuruFocus' analysis, Ruentex Development Co (TPE:9945) is currently considered Possible Value Trap. The stock's GF Value™ is NT$53.56, compared to a current price of NT$25.85 — trading 51.7% below its estimated fair value. The current E10 is NT$4.44. Ruentex Development Co's overall GF Score™ is 74/100 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 Ruentex Development Co (TPE:9945), the current E10 is NT$4.44 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 Ruentex Development Co (TPE:9945) Overvalued in 2026?

Based on GuruFocus' analysis, Ruentex Development Co stock appears to be undervalued. The current stock price of NT$25.85 is trading 51.7% below its estimated GF Value™ of NT$53.56. GuruFocus considers Ruentex Development Co to be Possible Value Trap.

Key valuation signals for TPE:9945:

  • E10: NT$4.44
  • GF Value™: NT$53.56 vs. price of NT$25.85 (51.7% below fair value)
  • GF Score™: 74/100 with 4 warning signs

No single metric tells the full story. See the TPE:9945 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ruentex Development Co Business Description

Address No. 308, Bade Road, 11th floor-1st floor, Section 2, Zhongshan District, Taipei, TWN, 104
Ruentex Development Co Ltd is a Taiwan-based company involved in the construction business. The company's reportable segments include Construction Business Department, Commercial Real Estate, Building Materials, and Other operating Departments. It generates maximum revenue from the Construction segment. Geographically, it derives a majority of its revenue from Taiwan.
74GF Score

Get the complete analysis for TPE:9945

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

NT$25.85
Price
NT$53.56
GF Value