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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: 2 135 TWD -2.06%
Market Cap: NT$55.4T

P/E

29.3
Current
35%
More Expensive
vs 3-y average of 21.7

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
29.3
=
Market Cap
NT$54.1T
/
Net Income
NT$1.9T

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
29.3
=
Market Cap
NT$54.1T
/
Net Income
NT$1.9T

Valuation Scenarios

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

If P/E returns to its 3-Year Average (21.7), the stock would be worth NT$1 575.8 (26% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-33%
Maximum Upside
+13%
Average Downside
17%
Scenario P/E Value Implied Price Upside/Downside
Current Multiple 29.3 NT$2 135
0%
3-Year Average 21.7 NT$1 575.8
-26%
5-Year Average 23 NT$1 672.83
-22%
Industry Average 33.1 NT$2 410.3
+13%
Country Average 19.7 NT$1 435.38
-33%

Forward P/E
Today’s price vs future net income

Today's Market Cap Net Income Forward P/E
NT$54.1T
/
Apr 2026
NT$1.9T
=
29.3
Current
NT$54.1T
/
Dec 2026
NT$2.4T
=
22.6
Forward
NT$54.1T
/
Dec 2027
NT$3T
=
18.1
Forward
NT$54.1T
/
Dec 2028
NT$3.7T
=
14.8
Forward
NT$54.1T
/
Dec 2029
NT$4T
=
13.6
Forward
NT$54.1T
/
Dec 2030
NT$4.4T
=
12.4
Forward

Forward P/E shows whether today’s P/E still looks high or low once future net income are taken into account.

Market Distribution

In line with most companies in Taiwan
Percentile
69th
Based on 739 companies
69th percentile
29.3
Low
2 — 15.3
Typical Range
15.3 — 29.8
High
29.8 —
Distribution Statistics
Taiwan
Min 2
30th Percentile 15.3
Median 19.7
70th Percentile 29.8
Max 5 851.5

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 12%
Intrinsic Value
Price NT$2 135
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