US · TSM
Taiwan Semiconductor Manufacturing Company Limited
- Sector
- Technology · Semiconductors
- Headquarters
- Hsinchu City 300096
- Website
- tsmc.com
Price · as of 2025-12-31
$397.67
Market cap 1.94T
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $7.60 | -98.09% |
| Intrinsic Value(DCF) | $316.52 | -20.41% |
| Graham-Dodd Method(GD) | $44.40 | -88.83% |
| Graham Formula(GF) | $436.40 | +9.74% |
Valuation history
Annual price (USD per share) overlaid with each model's fair value. Y-axis is log scale.
| Year | Price | AI | DCF | Graham-Dodd | Graham Formula |
|---|---|---|---|---|---|
| 2011 | $10.01 | $14.19 | $7.54 | $0.80 | $8.40 |
| 2012 | $12.72 | $16.09 | $25.72 | $2.10 | $26.20 |
| 2013 | $13.70 | $17.28 | $30.97 | $3.70 | $29.30 |
| 2014 | $17.83 | $20.00 | $44.77 | $7.10 | $55.90 |
| 2015 | $19.53 | $25.61 | $49.31 | $6.00 | $35.00 |
| 2016 | $24.82 | $32.82 | $52.43 | $4.30 | $42.00 |
| 2017 | $36.79 | $40.79 | $28.02 | $3.10 | $24.50 |
| 2018 | $32.67 | $41.45 | $17.69 | $2.30 | $31.00 |
| 2019 | $49.33 | $54.23 | $13.09 | $0.00 | $26.40 |
| 2020 | $108.78 | $81.97 | $44.50 | $3.10 | $104.30 |
| 2021 | $94.74 | $78.96 | $68.13 | $7.10 | $97.30 |
| 2022 | $83.27 | $85.15 | $243.70 | $22.70 | $307.40 |
| 2023 | $142.41 | $103.47 | $114.05 | $20.90 | $20.10 |
| 2024 | $174.75 | $131.18 | $246.13 | $29.00 | $296.90 |
| 2025 | $369.11 | $230.00 | $337.07 | $44.40 | $436.40 |
AI valuation
Our deep-learning model estimates Taiwan Semiconductor Manufacturing Company Limited's (TSM) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $7.60
- Current price
- $397.67
- AI upside
- -98.09%
Methodology and confidence bands appear in the dedicated valuation theory section. The AI score is an estimate, not a recommendation.
Intrinsic value (DCF)
Open DCF calculatorThree textbook valuation models, recomputed daily from the latest financial statements. The DCF uses our Chepakovich model. Graham-Dodd and Graham Formula are conservative reference points.
DCF
$316.52
-20.41% upside
Graham-Dodd
$44.40
-88.83% upside
Graham Formula
$436.40
+9.74% upside
Peer comparison
Same-industry comparables, ranked by market cap.
| Basic Info | Model Valuation | Core Valuation | Profitability | Leverage & Liquidity | Growth | Cash Flow | Dividends | Enterprise Value | Risk | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | Company Name | Price | Market Cap | AI Upside | DCF Upside | GD Upside | GF Upside | P/E | P/B | P/S | EV/EBITDA | PEG | P/TBV | Gross Margin | Operating Margin | Net Margin | ROE | ROIC | ROA | Debt/Equity | Interest Coverage | Current Ratio | Quick Ratio | Net Debt/EBITDA | EPS Growth | Sales Growth | FCF Growth | FCF Yield | Op Cash Flow Ratio | Cash ROIC | Dividend Yield | Dividend Payout | Shareholder Yield | EV/EBIT | EV/FCF | EV/Sales | Altman Z-Score |
| TSM | Taiwan Semiconductor Manu… | $397.67 | 1.94T | -42% | -20% | -89% | +10% | 33.58 | 10.78 | 15.14 | 20.42 | 67.38 | 10.78 | 59.89% | 50.82% | 45.10% | 35.98% | 53.52% | 23.77% | 0.18 | — | 2.62 | 2.30 | -0.64 | 4983.00% | 3297.00% | 2613.00% | 1.88% | 1.64 | 35.75% | 0.81% | 27.20% | 1.99% | 28.74 | 51.21 | 14.61 | 16.67 |
| AMAT | Applied Materials, Inc. | $372.30 | 295.46B | -40% | -67% | -90% | -71% | 30.85 | 10.58 | 7.61 | 22.22 | 5312.71 | 13.10 | 48.67% | 29.22% | 24.67% | 35.51% | 35.73% | 19.79% | 0.35 | 30.81 | 2.61 | 1.74 | -0.02 | 58.00% | 439.00% | -2389.00% | 2.64% | 0.99 | 32.53% | 0.64% | 19.80% | 2.91% | 25.86 | 37.62 | 7.56 | 12.25 |
| AMKR | Amkor Technology, Inc. | $47.82 | 11.83B | -12% | -51% | -57% | -56% | 31.42 | 2.64 | 1.76 | 9.80 | 641.81 | 2.65 | 13.99% | 6.97% | 5.57% | 8.73% | 9.85% | 4.99% | 0.35 | 6.20 | 2.27 | 1.95 | 0.16 | 490.00% | 618.00% | -4465.00% | 1.62% | 0.64 | 4.76% | 0.69% | 21.80% | 2.05% | 24.37 | 59.64 | 1.70 | 3.74 |
| ASML | ASML Holding N.V. | $1,450.56 | 559.07B | -49% | -47% | -95% | -64% | 51.20 | 24.11 | 15.06 | 38.02 | 180.08 | 32.64 | 52.83% | 34.60% | 29.42% | 48.48% | 91.00% | 18.62% | 0.14 | — | 1.26 | 0.72 | -0.84 | 2843.00% | 1102.00% | 1202.00% | 2.25% | 0.50 | 107.96% | 0.52% | 26.50% | 2.25% | 42.55 | 43.39 | 14.72 | 10.64 |
| ASX | ASE Technology Holding Co… | $24.29 | 52.96B | -29% | -55% | -87% | -63% | 39.33 | 4.61 | 2.46 | 14.82 | 142.17 | 5.67 | 17.69% | 7.86% | 6.30% | 12.19% | 8.81% | 4.99% | 0.76 | 9.07 | 1.28 | 0.93 | 1.44 | 2766.00% | 678.00% | -77483.00% | -1.25% | 0.59 | -4.24% | 1.45% | 57.00% | 1.45% | 34.51 | -88.03 | 2.71 | 2.87 |
| AVGO | Broadcom Inc. | $319.55 | 1.52T | -40% | -36% | — | -53% | 70.29 | 20.00 | 25.44 | 48.24 | 24.42 | -33.32 | 67.77% | 39.89% | 36.20% | 31.05% | 19.90% | 13.74% | 0.80 | 7.94 | 1.71 | 1.26 | 1.41 | 28780.00% | 2387.00% | 3863.00% | 1.66% | 1.49 | 21.01% | 0.69% | 48.20% | 1.64% | 65.71 | 62.22 | 26.21 | 11.90 |
| DIOD | Diodes Incorporated | $68.23 | 3.16B | -4% | -58% | -36% | -57% | 48.30 | 1.78 | 2.25 | 13.28 | 95.60 | 2.03 | 31.20% | 2.39% | 4.46% | 3.77% | 1.84% | 2.86% | 0.05 | 12.77 | 3.32 | 1.81 | -1.18 | 5053.00% | 1304.00% | 19551.00% | 4.10% | 0.57 | 8.66% | 0.00% | 0.00% | 2.65% | 86.28 | 22.31 | 2.06 | 6.04 |
| LRCX | Lam Research Corporation | $233.89 | 292.08B | -62% | -62% | -94% | -45% | 24.62 | 13.38 | 7.16 | 20.54 | 57.12 | 16.38 | 48.71% | 32.01% | 29.06% | 58.24% | 66.74% | 26.73% | 0.48 | 33.11 | 2.21 | 1.49 | -0.26 | 4310.00% | 2368.00% | 2722.00% | 4.10% | 0.94 | 68.09% | 0.87% | 21.50% | 4.05% | 22.08 | 24.07 | 7.07 | 11.02 |
| META | Meta Platforms, Inc. | $648.18 | 1.63T | -40% | +5% | -75% | +9% | 27.25 | 7.58 | 8.20 | 15.78 | — | 8.55 | 82.00% | 41.44% | 30.08% | 30.24% | 31.38% | 18.83% | 0.39 | — | 2.60 | 2.42 | 0.46 | -155.00% | 2217.00% | -1473.00% | 2.80% | 2.77 | 24.69% | 0.32% | 8.80% | 1.92% | 19.81 | 35.78 | 8.21 | 8.63 |
| MU | Micron Technology, Inc. | $412.37 | 464.13B | -59% | -62% | -81% | +2% | 31.08 | 4.90 | 7.10 | 14.62 | 3.16 | 5.05 | 39.79% | 26.41% | 22.84% | 17.20% | 15.83% | 11.22% | 0.28 | 20.69 | 2.52 | 1.71 | 0.30 | 98429.00% | 4885.00% | 127851.00% | 0.63% | 1.53 | 3.03% | 0.20% | 6.10% | 0.70% | 27.39 | 162.10 | 7.23 | 7.48 |
| TSEM | Tower Semiconductor Ltd. | $124.87 | 13.96B | -28% | -52% | -72% | -74% | 71.44 | 5.42 | 10.06 | 29.68 | 1468.45 | 5.42 | 23.23% | 12.40% | 14.08% | 7.93% | 10.01% | 6.89% | 0.06 | — | 6.48 | 5.21 | -0.15 | 486.00% | 905.00% | -42787.00% | -0.26% | 1.50 | -2.33% | 0.00% | 0.00% | 0.00% | 76.01 | -359.30 | 9.42 | 23.81 |
About Taiwan Semiconductor Manufacturing Company Limited
Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others. The company also offers customer and engineering support services; manufactures masks; and invests in technology start-up companies; researches, designs, develops, manufactures, packages, tests, and sells color filters; and provides investment services. Its products are used in high performance computing, smartphones, Internet of things, automotive, and digital consumer electronics. The company was incorporated in 1987 and is headquartered in Hsinchu City, Taiwan.
- CEO
- C. C. Wei
- Employees
- 65.15K
- Beta
- 1.27
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($316.52 ÷ $397.67) − 1 = -20.41% (DCF, example).