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.

Revenue
+32.7%
EPS
+74.5%
Free cash flow
+24.6%
Total debt
+2.92%

Quarter to June 2026, against a year earlier

374.80 21.70 +6.15%
Market cap
$1.83T
P/E
25.7×
Fwd P/E
—
Dividend yield
1.06%
F-score
8/9
Altman Z
14.22
Beneish M
−1.87
Dividend safety
80/100

Taiwan Semiconductor Manufacturing Company Ltd. (TSM) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, Taiwan Semiconductor Manufacturing Company Ltd. (TSM) trades at a price to free cash flow of 52.0×. Over the past ten years it has ranged from 3.9× (July 2017) to 112× (September 2020); the current reading is higher than 66% of that period. That is above the Semiconductors industry median of 43.8× and above the Technology sector median of 18.7×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 49.8× 27.80%
FY2024 38.9× (30.59%)
FY2023 56.1× 148.22%
FY2022 22.6× (65.48%)
FY2021 65.5× 26.39%
FY2020 51.8× (16.25%)
FY2019 61.9× 165.49%
FY2018 23.3× (8.09%)
FY2017 25.4× 6.48%
FY2016 23.8× 70.94%

Quarterly newest first

Period Price to free cash flow Change
Jun 2026 69.7× 34.45%
Mar 2026 51.9× 4.18%
Dec 2025 49.8× (2.11%)
Sep 2025 50.8× 26.30%
42 more quarters

Against its own ten years

Low 3.9× High 112×
Ten-year median 37.1×
Current reading's percentile 66

Price to free cash flow against peers

Company Price to free cash flow
SKHY SK Hynix, Inc. - Sponsored ADR compare n/m
MU Micron Technology, Inc. compare 12.8×
NVDA NVIDIA Corporation compare 34.9×
TXN Texas Instruments Incorporated compare 35.1×
AVGO Broadcom Inc. compare 35.8×
TSM Taiwan Semiconductor Manufacturing Company Ltd. 52.0×
INTC Intel Corporation compare 81.5×
AMD Advanced Micro Devices, Inc. compare 96.1×
ARM ARM Holdings PLC Sponsored ADR compare 123×
Semiconductors industry median 43.8×
Technology sector median 18.7×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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