Taiwan Semiconductor (TSM) valuation
Taiwan Semiconductor P/E ratio history
Taiwan Semiconductor trades at 29.9 times its earnings over the last twelve months. At its last 9 fiscal year ends its P/E ranged from 11.8 (year to Dec 2022) to 32.4 (year to Dec 2020), with a median of 26.1.
| Fiscal year ended | Price | EPS | P/E |
|---|---|---|---|
| Dec 31, 2025 | $303.89 | $10.59 | 28.7 |
| Dec 31, 2024 | $197.49 | $6.95 | 28.4 |
| Dec 31, 2023 | $104.00 | $5.28 | 19.7 |
| Dec 31, 2022 | $74.49 | $6.31 | 11.8 |
| Dec 31, 2021 | $120.31 | $4.08 | 29.5 |
| Dec 31, 2020 | $109.04 | $3.37 | 32.4 |
| Dec 31, 2019 | $58.10 | $2.23 | 26.1 |
| Dec 31, 2018 | $36.91 | $2.67 | 13.8 |
| Dec 31, 2017 | $39.65 | $2.81 | 14.1 |
| Dec 31, 2016 | $28.75 | — | n/m |
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
Taiwan Semiconductor valuation against its peers
| Company | Market value | P/E | Forward P/E | Price / sales |
|---|---|---|---|---|
| Taiwan SemiconductorTSM | $2.11T | 29.9 | — | 14.9 |
| BroadcomAVGO | $1.55T | 41.6 | 18.6 | 17.4 |
| Micron TechnologyMU | $999B | 11.9 | 5.0 | 7.5 |
| NVIDIANVDA | $4.95T | 25.9 | 16.4 | 16.4 |
| Advanced Micro DevicesAMD | $823B | 129.8 | 43.2 | 19.9 |
| IntelINTC | $331B | — | 33.7 | 5.8 |
| Texas InstrumentsTXN | $275B | 39.0 | 27.6 | 13.2 |
| Arm HoldingsARM | $219B | 210.2 | 84.4 | 42.5 |
| Analog DevicesADI | $203B | 49.5 | 26.7 | 14.6 |
| Peer median | 41.6 | 27.1 | 15.5 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: TSM financials · TSM returns
No forecast, no recommendation. This page describes Taiwan Semiconductor from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.