TSM
Taiwan Semiconductor Manufacturing
PE ratio, current and historical analysis
- Stocks
- Technology
- NYSE: TSM
- PE Ratio
The current PE ratio for Taiwan Semiconductor Manufacturing stock as of Jul 14, 2026 is 36.57. This is calculated based on the current EPS of 368 TWD and the stock price of $420.39 per share. The P/E ratio has an increase of 33% from the past four quarters average of 27.6.
TSM PE ratio history
The average historical PE ratio of Taiwan Semiconductor Manufacturing for the last ten years is 22.05. The current PE ratio of 36.57 is 66% above the historical average. Over the past ten years, TSM's PE ratio was at its highest in the Mar 2021 quarter at 32.79, when the stock price was $118.28 and the EPS was 102.8 TWD. The lowest value was in the Dec 2022 quarter, when it reached 11.94 with a price of $74.49 and an EPS of 191.45 TWD.
Taiwan Semiconductor Manufacturing PE ratio by year
Maximum annual increase: 62.98% in 2023
Maximum annual decrease: -59.08% in 2022
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 29.03 | 1.08% | $303.89 | 327.35 TWD |
| 2024 | 28.72 | 47.58% | $197.49 | 223.4 TWD |
| 2023 | 19.46 | 62.98% | $104 | 164.25 TWD |
| 2022 | 11.94 | -59.08% | $74.49 | 191.45 TWD |
| 2021 | 29.18 | -6.2% | $120.31 | 114.2 TWD |
| 2020 | 31.11 | 21.43% | $109.04 | 98.5 TWD |
| 2019 | 25.62 | 58.83% | $58.1 | 68.25 TWD |
| 2018 | 16.13 | -8.92% | $36.91 | 70 TWD |
| 2017 | 17.71 | 22.14% | $39.65 | 66.5 TWD |
| 2016 | 14.5 | 13.1% | $28.75 | 63.95 TWD |
| 2015 | 12.82 | -11.4% | $22.75 | 58.4 TWD |
| 2014 | 14.47 | -1.36% | $22.38 | 49.05 TWD |
| 2013 | 14.67 | -9.5% | $17.44 | 35.5 TWD |
| 2012 | 16.21 | 7.35% | $17.16 | 30.75 TWD |
| 2011 | 15.1 | 28.95% | $12.91 | 25.9 TWD |
Taiwan Semiconductor Manufacturing PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 29.4 | 1.27% | $337.95 | 368 TWD |
| Dec 2025 | 29.03 | 3.38% | $303.89 | 327.35 TWD |
| Sep 2025 | 28.08 | 18.23% | $279.29 | 303.15 TWD |
| Jun 2025 | 23.75 | 8.2% | $226.49 | 278.7 TWD |
| Mar 2025 | 21.95 | -23.57% | $166 | 249.7 TWD |
| Dec 2024 | 28.72 | 6.1% | $197.49 | 223.4 TWD |
| Sep 2024 | 27.07 | -13.57% | $173.67 | 202.65 TWD |
| Jun 2024 | 31.32 | 20.79% | $173.81 | 180.6 TWD |
| Mar 2024 | 25.93 | 33.25% | $136.05 | 167.85 TWD |
| Dec 2023 | 19.46 | 16.67% | $104 | 164.25 TWD |
| Sep 2023 | 16.68 | -3.53% | $86.9 | 168.15 TWD |
| Jun 2023 | 17.29 | 17.14% | $100.92 | 181.6 TWD |
| Mar 2023 | 14.76 | 23.62% | $93.02 | 192.25 TWD |
| Dec 2022 | 11.94 | -6.79% | $74.49 | 191.45 TWD |
| Sep 2022 | 12.81 | -23.11% | $68.56 | 170.2 TWD |
TSM average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
The current PE ratio of TSM is greater than its 3, 5 and 10-year historical averages.
PE comparison
With a P/E of 36.57, TSM is below the Technology sector, the industry and its peers average. But compared to its Technology sector average of 37.34, Taiwan Semiconductor Manufacturing's P/E is only 2.1% lower.
TSM PE vs peers
TSM's PE ratio is lower than its peer stocks AVGO and AMD, but it is greater than NVDA's and MU's. Taiwan Semiconductor Manufacturing's current PE ratio of 36.57 is below the average of its peers, which is 44.11.
| Stock name | PE ratio | Market cap |
|---|---|---|
| QCOM Qualcomm Inc | 18.75 | $185.16B |
| MU Micron Technology Inc | 20.18 | $1.02T |
| NVDA Nvidia Corp | 31.93 | $5.07T |
| TSM Taiwan Semiconductor Manufacturing | 36.45 | $2.17T |
| TXN Texas Instruments Inc | 51.02 | $272.55B |
| AMAT Applied Materials Inc | 53.78 | $456.87B |
| LRCX Lam Research Corp | 62.27 | $414.25B |
| AVGO Broadcom Inc | 62.61 | $1.85T |
| AMD Advanced Micro Devices Inc | 167.91 | $843.3B |
| INTC Intel Corp | N/A | $507.02B |
Frequently asked questions
What is Taiwan Semiconductor Manufacturing's PE ratio?
As of Jul 14, 2026, TSM stock has a price to earnings ratio of 36.57.
What is the 3-year average PE ratio for Taiwan Semiconductor Manufacturing (TSM)?
As an average over the last 3 years, TSM stock has a PE ratio of 25.58.
What is the 5-year average PE ratio for Taiwan Semiconductor Manufacturing (TSM)?
As an average over the last 5 years, TSM stock has a PE ratio of 22.97.
What is the highest PE ratio for TSM?
Within the last ten years, the current P/E ratio is at its peak with a value of 36.57.
How does the current PE ratio for TSM compare to its historical average?
The current price to earnings ratio of TSM is 66% higher than the 10-year historical average.
How is TSM's PE ratio calculated (Taiwan Semiconductor Manufacturing PE ratio formula)?
The PE ratio is calculated by dividing the most recent price of a stock by its trailing twelve months EPS. As of today (Jul 14, 2026), Taiwan Semiconductor Manufacturing's stock price is $420.39. The earnings per share for the trailing twelve months (TTM) ending Mar 2026 is 368 TWD. Therefore, Taiwan Semiconductor Manufacturing's P/E ratio for today is 36.57. PE RATIO(36.57) = STOCK PRICE($420.39) / TTM EPS(368 TWD)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.