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Taiwan Semiconductor Manufacturing Company Limited (TSM) Stock Analysis

Taiwan Semiconductor Manufacturing Company Limited (TSM) is a Semiconductors stock listed on NYSE and quoted in US Dollar.

Last Updated: October 21, 2026

TSM

$431.89

+$6.81 (+1.60%)

Oct 21, 2026 · Market close

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Price History

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TSM Key Statistics

As of Oct 21, 2026
Trading
Open
$433.14
Previous Close
$425.08
Day's Range
423.74–435.16
52-Week Range
266.82–487.47
Volume
10.66M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
1.24
Valuation
Market Cap
$2.24T
P/E Ratio
27.99
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
18.47
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
0.78
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
0.45
EPS (ttm)Profit attributable to each share over the last twelve months.
15.43
Financials (FY)
Revenue (FY)
$3.81T+31.61%
Net Income (FY)
$1.70T+46.55%
Profit marginThe share of revenue left as profit after all costs and taxes.
51.12%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
5.19B
1-Year Return
+47.80%
Dividend and dates
Dividend
$3.77+0.89%
Ex-Dividend Date
December 10, 2026
Earnings Date
January 14, 2027estimated
Avg Volume
10.95M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, TSM closed at $431.89, +47.80% over 1 year.

Taiwan Semiconductor Manufacturing Company Limited (TSM) has a market capitalization of $2.24T.

In fiscal 2025, TSM reported revenue of $3.81T.

TSM Stock Return by Calendar Year

Taiwan Semiconductor Manufacturing Company Limited (TSM) 10-year return: what $10,000 became

1 year
$10,000 $14,780
+47.80%
5 years
$10,000 $40,125
+301.25%
10 years
$10,000 $174,788
+1,647.88%

If you had invested $10,000 in Taiwan Semiconductor Manufacturing Company Limited (TSM) 10 years ago, at the close on October 21, 2016, it would have been worth $174,788 at the close on October 21, 2026: +1,647.88% in total, +33.12% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+42.85%
2025+55.95%
2024+92.58%
2023+42.33%
2022−36.75%
2021+12.09%
2020+92.67%
2019+64.84%
2018−3.51%
2017+42.41%
2016 (partial year)−1.17%

As of October 21, 2026.

TSM Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$3.81T$1.70T44.6%
2024$2.89T$1.16T40.0%
2023$2.16T$851.74B39.4%
2022$2.26T$992.92B43.9%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$3.81T$2.28T$1.94T$1.70T44.6%
2024$2.89T$1.62T$1.32T$1.16T40.0%
2023$2.16T$1.18T$921.43B$851.74B39.4%
2022$2.26T$1.35T$1.12T$992.92B43.9%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

TSM Dividend History

$3.12+33.4% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*$3.023—
2025$3.124+33.4%
2024$2.344+26.7%
2023$1.854−0.5%
YearDividends per sharePaymentsChange
2026 (partial year)$3.023—
2025$3.124+33.4%
2024$2.344+26.7%
2023$1.854−0.5%
2022$1.864−1.9%
2021$1.894+10.9%
2020$1.714−15.0%
2019$2.013+49.3%
2018$1.351+16.0%
2017$1.161—

Most recent payment: $1.01 per share, ex-dividend September 16, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

TSM Valuation vs Semiconductors Median

Median of 69 stocks
MetricTSMSemiconductors medianvs median
P/E27.9949.6444% below
P/S ratio0.457.760.1x the median
Profit margin51.12%5.58%45.5 pts above

Medians across 69 Semiconductors stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 20 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Taiwan Semiconductor Manufacturing Company Limited (TSM) is capitalised at $2.24T on the latest close. It is classified in the Semiconductors industry, within the Technology sector. The company reports 76,907 employees.

The most recent close on file for TSM is $431.89, dated October 21, 2026. That is +$6.81 (+1.60%) against the previous close. The 52-week range on file runs from $266.82 to $487.47. The latest close sits 61.87% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $3.81T. Against the prior fiscal year total of $2.89T, that is a change of +31.61%. The same year closed with net income of $1.70T. That is +46.55% against the prior fiscal year. Profit margin runs at 51.12%. That is 45.5 percentage points above the Semiconductors median of 5.58%. Earnings per share on a trailing basis come to 15.43.

Across the 4 fiscal years on file, revenue moves from $2.26T in 2022 to $3.81T in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 27.99 times earnings. That is 43.61% below the Semiconductors median of 49.64. On forward earnings the ratio is 18.47. The PEG ratio, which sets the P/E against expected earnings growth, reads 0.78. The price-to-sales ratio is 0.45. On price-to-sales that is 0.1 times the Semiconductors median of 7.76. The medians here are taken across 69 Semiconductors companies that report the metric.

The reported beta is 1.24. Annualized volatility over the trailing 10 years is 34.88%. Over the trailing twelve months the total return is +47.80%. Across 10 years the annualized return works out at +33.12%.

Growth & Income

The trailing dividend yield is 0.89%. That is 0.2 percentage points below the Semiconductors median yield of 1.1%. The indicated annual rate is $3.77 a share. The ex-dividend date on file is December 10, 2026. Dividends are recorded for 10 calendar years; 2026 shows 3 payments totalling $3.02 a share. The year before, 2025, totalled $3.12 a share.

So far in 2026 the total return is +42.85%. The strongest complete calendar year on file is 2020 at +92.67%; the weakest is 2022 at −36.75%. Of the 9 complete calendar years on file, 7 finished higher.

Peer Comparison

Taiwan Semiconductor Manufacturing Company Limited (TSM) operates in the Semiconductors industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Taiwan Semiconductor Manufacturing Company Limited TSM $2.24T 28.0
NVIDIA Corporation NVDA $5.36T 28.1
Broadcom Inc. AVGO $1.61T 43.1
SK hynix Inc. SKHY $1.04T 9.1

The Semiconductors industry average P/E ratio is 49.6x. Taiwan Semiconductor Manufacturing Company Limited trades at a P/E of 28.0.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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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 various wafer fabrication processes, such as processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others. The company also involved in providing customer and engineering support services; manufacturing of masks; investment in technology start-up companies; research, designing, developing, manufacturing, packaging, testing, and sale of color filters; and investment activities. Its products are used in high performance computing, smartphones, Internet of things, automotive, and digital consumer electronics. Taiwan Semiconductor Manufacturing Company Limited was incorporated in 1987 and is headquartered in Hsinchu City, Taiwan.

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