Taiwan Semiconductor Manufacturing Company Ltd.
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
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Taiwan Semiconductor Manufacturing Company Ltd. (TSM) 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 | Free account |
Against its own ten years
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)))
More on TSM
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement