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Taiwan Semiconductor Manufacturing Company Limited TSM NYSE

NYSE • Technology • Semiconductors • TW • USD

SharesGrow Score
89/100
6/7 Pass
SharesGrow Intrinsic Value
$537.44
+41.5%
Analyst Price Target
$408.00
+7.4%
SharesGrow 7-Criteria Score All 7 criteria scored · valuation-related highlighted on this page

Taiwan Semiconductor Manufacturing Company Limited (TSM) trades at a trailing P/E of 29.5, forward P/E of 0.8. Trailing earnings yield is 3.39%, forward earnings yield 120.48%. PEG 0.62 (Peter Lynch undervalued ≤1.0). Graham Number is $560.19.

Criteria proven by this page:

  • VALUE (57/100, Partial) — mixed signals — some valuation metrics are favorable while others are stretched.
  • Forward P/E 0.8 (down from trailing 29.5) — analysts expect earnings to grow, which would improve the valuation.
  • PEG Ratio 0.62 — below 1.0 suggests the stock is undervalued relative to its earnings growth rate (Peter Lynch criterion).
  • Trailing Earnings Yield 3.39% — roughly competitive with bond yields (~4.3%), moderate risk-reward. Forward yield improves to 120.48% as earnings recover.
  • Analyst consensus target $408.00 (+7.4% upside) — modest upside expected.

Overall SharesGrow Score: 89/100 with 6/7 criteria passed.

SharesGrow 7-Criteria Score
89/100
SG Score
View full scorecard →
~
VALUE
57/100
Price-to-Earnings & upside
Proven by this page
FUTURE
73/100
Analyst consensus
→ Forecast
PAST
100/100
→ Income
HEALTH
100/100
Debt-to-Equity & liquidity
→ Health
MOAT
96/100
→ Income
GROWTH
100/100
→ Income
INCOME
100/100
→ Income

Valuation Snapshot — TSM

Valuation Multiples
P/E (TTM)29.5
Forward P/E0.8
PEG Ratio0.62
Forward PEG0.02
P/B Ratio9.36
P/S Ratio13.31
EV/EBITDA18.1
Per Share Data
EPS (TTM)$66.24
Forward EPS (Est.)$455.52
Book Value / Share$210.56
Revenue / Share$146.87
FCF / Share$36.12
Yields & Fair Value
Earnings Yield3.39%
Forward Earnings Yield120.48%
Dividend Yield1.05%
Graham Number$560.19
SharesGrow IV$537.44 (+41.5%)
Analyst Target$408.00 (+7.4%)

Historical Valuation

Year P/E (TTM) PEG Ratio P/B Ratio P/S Ratio Dividend Yield
2016 14.5 1.53 3.54 5.08 3.23%
2017 17.7 4.44 4.09 6.25 2.97%
2018 16.1 3.05 3.51 5.65 3.56%
2019 25.4 -10.15 5.57 8.40 2.89%
2020 30.9 0.70 8.61 11.80 1.64%
2021 29.1 1.83 8.02 10.86 1.54%
2022 11.9 0.18 4.07 5.22 2.41%
2023 19.4 -1.37 4.82 7.65 1.76%
2024 29.0 0.81 7.92 11.62 1.08%
2025 28.5 0.57 9.14 12.83 0.95%

EPS: Actual vs Estimates

P/E Ratio & Earnings Yield

Earnings Per Share (EPS) History

Year EPS (Diluted) Revenue Net Income Net Margin
2016 $64.45 $947.91B $331.71B 35%
2017 $66.15 $977.44B $345B 35.3%
2018 $67.70 $1.03T $363.05B 35.2%
2019 $66.60 $1.07T $353.95B 33.1%
2020 $99.85 $1.34T $510.74B 38.1%
2021 $115.05 $1.59T $592.36B 37.3%
2022 $196.00 $2.26T $992.92B 43.9%
2023 $164.25 $2.16T $838.5B 38.8%
2024 $226.25 $2.89T $1.17T 40.5%
2025 $334.65 $3.85T $1.74T 45.1%

Analyst Estimates

Year EPS (Avg) EPS Range Revenue (Avg) Revenue Range Analysts
2026 $454.38 $414.22 – $473.98 $5.05T $4.9T – $5.15T 9
2027 $557.55 $528.19 – $586.92 $6.26T $5.96T – $6.49T 8
2028 $655.75 $541.29 – $730.04 $7.53T $6.52T – $8.18T 7
2029 $666.64 $550.28 – $742.16 $7.92T $6.86T – $8.62T 6
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