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Taiwan Semiconductor Manufacturing Co Ltd
TWSE:2330

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Taiwan Semiconductor Manufacturing Co Ltd
TWSE:2330
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Price: 2 200 TWD -0.68% Market Closed
Market Cap: NT$57.1T

P/B

9.9
Current
61%
More Expensive
vs 3-y average of 6.1

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
9.9
=
Market Cap
NT$54.1T
/
Total Equity
NT$5.9T

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
9.9
=
Market Cap
NT$54.1T
/
Total Equity
NT$5.9T

Valuation Scenarios

Taiwan Semiconductor Manufacturing Co Ltd is trading above its 3-year average

If P/B returns to its 3-Year Average (6.1), the stock would be worth NT$1 365.14 (38% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-83%
Maximum Upside
No Upside Scenarios
Average Downside
57%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 9.9 NT$2 200
0%
3-Year Average 6.1 NT$1 365.14
-38%
5-Year Average 6.3 NT$1 404.13
-36%
Industry Average 2.7 NT$603.63
-73%
Country Average 1.7 NT$383.54
-83%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
Market Cap P/B P/E
TW
Taiwan Semiconductor Manufacturing Co Ltd
TWSE:2330
57.4T TWD 9.9 30.2
US
NVIDIA Corp
NASDAQ:NVDA
5.2T USD 32.9 43.1
US
Broadcom Inc
NASDAQ:AVGO
1.9T USD 23.7 75.8
US
Micron Technology Inc
NASDAQ:MU
568.8B USD 7.9 23.6
US
Advanced Micro Devices Inc
NASDAQ:AMD
526.8B USD 8.4 121.5
KR
SK Hynix Inc
KRX:000660
701.7T KRW 7.4 20.8
US
Intel Corp
NASDAQ:INTC
424.5B USD 3.8 -133.8
US
Texas Instruments Inc
NASDAQ:TXN
240.4B USD 14.8 45
UK
Arm Holdings PLC
NASDAQ:ARM
211B USD 27.1 263.4
US
Analog Devices Inc
NASDAQ:ADI
187.1B USD 5.5 69.1
US
Qualcomm Inc
NASDAQ:QCOM
161.1B USD 7 30

Market Distribution

Higher than 96% of companies in Taiwan
Percentile
96th
Based on 866 companies
96th percentile
9.9
Low
0.4 — 1.3
Typical Range
1.3 — 2.5
High
2.5 —
Distribution Statistics
Taiwan
Min 0.4
30th Percentile 1.3
Median 1.7
70th Percentile 2.5
Max 156.9

Taiwan Semiconductor Manufacturing Co Ltd
Glance View

In the heart of Asia's dynamic tech landscape stands Taiwan Semiconductor Manufacturing Co. Ltd., more commonly known as TSMC, a titan that has redefined how the world approaches semiconductor production. Born from Taiwan's burgeoning tech aspirations in 1987, TSMC emerged as a revolutionary force by embracing a business model unlike any before it: the pure-play foundry model. Rather than engaging in the traditional integrated device manufacturing, TSMC focused solely on fabricating semiconductors for its clientele, which included a diverse array of electronic device giants, from smartphone makers to automotive and industrial tech leaders. By harnessing cutting-edge technology and maintaining relentless dedication to R&D, TSMC became indispensable to its customers, transforming into the world's largest dedicated independent semiconductor foundry. What sets TSMC apart is its distinctive ability to produce high-performance chips at a scale and precision that few can rival. The company earns its revenue primarily by offering fabrication capabilities and comprehensive services—a meticulously orchestrated process where the amalgamation of customer's design blueprints and TSMC’s advanced manufacturing prowess brings microchips to life. With clients ranging from industry stalwarts like Apple, NVIDIA, and AMD to a host of nascent tech startups, TSMC thrives on its capacity to deliver everything from the most advanced 3nm chips to more mature node technologies. This versatility not only ensures a steady stream of revenue but also fortifies TSMC's niche as the linchpin of the semiconductor supply chain, steering the very heart of modern electronics.

Intrinsic Value
1 886.79 TWD
Overvaluation 14%
Intrinsic Value
Price NT$2 200
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