Vate Technology (ROCO:5344) PE Ratio without NRI: At Loss (As of Jul. 15, 2026)

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.

ROCO:5344 Vate Technology Corp Ltd ROCO:5344
64 GF Score
Price NT$16.20
GF Value NT$20.22
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Vate Technology PE Ratio without NRI?

The PE Ratio without NRI, or P/E Ratio without non-recurring items, is a financial ratio used to compare a company's market price to its EPS without NRI. As of today (2026-07-15), Vate Technology's share price is NT$16.20. Vate Technology's EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2025 was NT$-0.38. Therefore, Vate Technology's PE Ratio without NRI for today is At Loss.

During the past 13 years, Vate Technology's highest PE Ratio without NRI was 576.67. The lowest was 0.00. And the median was 36.81.

Vate Technology's EPS without NRI for the three months ended in Dec. 2025 was NT$0.00. Its EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2025 was NT$-0.38.

As of today (2026-07-15), Vate Technology's share price is NT$16.20. Vate Technology's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was NT$-0.38. Therefore, Vate Technology's PE Ratio (TTM) for today is At Loss.

During the past years, Vate Technology's highest PE Ratio (TTM) was 576.67. The lowest was 0.00. And the median was 37.17.

Vate Technology's EPS (Diluted) for the three months ended in Dec. 2025 was NT$0.00. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was NT$-0.38.

Vate Technology's EPS (Basic) for the three months ended in Dec. 2025 was NT$0.00. Its EPS (Basic) for the trailing twelve months (TTM) ended in Dec. 2025 was NT$-0.38.


Vate Technology  (ROCO:5344) PE Ratio without NRI Explanation

The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.

In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.

If a company loses money, the PE Ratio becomes meaningless.

To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.

Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.

Similar to the PE Ratio or PS Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PE Ratio without NRI measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratio s are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio.


Vate Technology PE Ratio without NRI Related Terms


Vate Technology PE Ratio without NRI Historical Data

* Premium members only.

The historical data trend for Vate Technology's PE Ratio without NRI 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.

Vate Technology PE Ratio without NRI Chart

Vate Technology Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PE Ratio without NRI
Get a 7-Day Free Trial Premium Member Only Premium Member Only 49.67 At Loss 210.91 32.36 At Loss

Vate Technology Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
PE Ratio without NRI 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 32.36 57.78 At Loss At Loss At Loss

ROCO:5344 vs NVDA, AVGO, MU: PE Ratio without NRI Comparison

For the Semiconductors subindustry, Vate Technology's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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.


Vate Technology PE Ratio without NRI vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Vate Technology's PE Ratio without NRI distribution charts can be found below:

* The bar in red indicates where Vate Technology's PE Ratio without NRI falls into.


ROCO:5344
64GF Score
Vate Technology Corp Ltd ROCO:5344
PE Ratio without NRI is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vate Technology PE Ratio without NRI Calculation

The PE Ratio without NRI, or P/E Ratio without non-recurring items, is a financial ratio used to compare a company's market price to its EPS without NRI. Regular PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than regular PE Ratio.

Vate Technology's PE Ratio without NRI for today is calculated as

PE Ratio without NRI=Share Price/ EPS without NRI
=16.20/-0.380
=-42.63(At Loss)

Vate Technology's Share Price of today is NT$16.20.
Vate Technology's EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$-0.38.

* 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.

There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio, Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.

In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.

In the calculation of PE Ratio (TTM), the earnings per share used are the earnings per share over the past 12 months.

For Forward PE Ratio, the earnings are the expected earnings for the next twelve months.

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.

Is Vate Technology (ROCO:5344) Overvalued in 2026?

Based on GuruFocus' analysis, Vate Technology stock appears to be undervalued. The current stock price of NT$16.20 is trading 19.9% below its estimated GF Value™ of NT$20.22. GuruFocus considers Vate Technology to be Modestly Undervalued.

Key valuation signals for ROCO:5344:

  • PE Ratio without NRI: At Loss
  • GF Value™: NT$20.22 vs. price of NT$16.20 (19.9% below fair value)
  • GF Score™: 64/100 with 6 warning signs

No single metric tells the full story. See the ROCO:5344 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vate Technology Business Description

Address No. 9, Lixing 5th Road, Science-Based Industrial Park, Hsinchu, TWN
Vate Technology Corp Ltd is engaged in providing integrated circuit chip testing services and the trading of lighting equipment and fixtures. The company's services include CP testing service, FT Testing Service, SLT Testing Service, CIS Testing Service, and Back End Service. It operates in single segment of testing and processing of electronic components and the sales of lighting fixtures, using testing equipment to provide IC and wafer testing services and LED lighting fixture sales and installation services. Geographically it operates in Taiwan.
64GF Score

Get the complete analysis for ROCO:5344

PE Ratio without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$16.20
Price
NT$20.22
GF Value