Taiwan Semiconductor Manufacturing Company Ltd.

TSM Technology Semiconductors

Taiwan Semiconductor Manufacturing Company Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $121.4 billion, up 37.6% from fiscal 2024. In the quarter to June 2026, revenue grew 32.7%, EPS grew 74.5%, free cash flow grew 24.6% and total debt rose 2.92%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

430.35 14.77 −3.32%
Market cap
$2.31T
P/E
32.1×
Fwd P/E
—
Dividend yield
1.09%
F-score
8/9
Altman Z
14.22
Beneish M
−1.87
Dividend safety
80/100

Taiwan Semiconductor Manufacturing Company Ltd. (TSM) P/E ratio

Alert me on P/E ratio

As of 13 October 2026, Taiwan Semiconductor Manufacturing Company Ltd. (TSM) trades at a P/E ratio of 32.1×. Over the past ten years it has ranged from 5.8× (July 2017) to 41.2× (February 2021); the current reading is higher than 91% of that period. That is below the Semiconductors industry median of 49.0× and above the Technology sector median of 29.7×.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2025 28.5× 1.72%
FY2024 28.1× 43.12%
FY2023 19.6× 73.68%
FY2022 11.3× (61.35%)
FY2021 29.2× (8.95%)
FY2020 32.1× 18.13%
FY2019 27.1× 65.50%
FY2018 16.4× 139.42%
FY2017 6.9× (53.01%)
FY2016 14.6× 19.86%

Quarterly newest first

Period P/E ratio Change
Jun 2026 34.5× 22.55%
Mar 2026 28.1× (1.47%)
Dec 2025 28.5× (0.39%)
Sep 2025 28.6× 10.92%
42 more quarters

Against its own ten years

Low 5.8× High 41.2×
Ten-year median 19.4×
Current reading's percentile 90

P/E ratio against peers

Company P/E ratio
INTC Intel Corporation compare n/m
MU Micron Technology, Inc. compare 12.6×
NVDA NVIDIA Corporation compare 28.7×
TSM Taiwan Semiconductor Manufacturing Company Ltd. 32.1×
TXN Texas Instruments Incorporated compare 43.3×
AVGO Broadcom Inc. compare 44.3×
MRVL Marvell Technology, Inc. compare 87.2×
AMD Advanced Micro Devices, Inc. compare 153×
ARM ARM Holdings PLC Sponsored ADR compare 263×
Semiconductors industry median 49.0×
Technology sector median 29.7×
Market median 17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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