Taiwan Semiconductor Manufacturing
Research Taiwan Semiconductor Manufacturing (TSM) on Bullrun: valuation model: 38.9% overvalued, market cap USD 2.25T, P/E 31.3, dividend yield 0.6%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerTSM
- ExchangeNYSE
- CountryTaiwan
- SectorTechnology
- IndustrySemiconductors
- CurrencyUSD
- Valuation signal38.9% overvalued
- Market capUSD 2.25T
- P/E31.3
- Dividend yield0.6%
- Financial periodQ2 2026
- RevenueTWD 1.27T
- Net incomeTWD 706.56B
- Free cash flowTWD 287.36B
- Gross margin67.7%
Valuation Snapshot
Bullrun's latest valuation model marks Taiwan Semiconductor Manufacturing as 38.9% overvalued; latest market cap is USD 2.25T; P/E is 31.3; dividend yield is 0.6%.
Peer valuation comparison
Latest P/E is 31.27x versus a Technology sector median of 27.58x (13.4% above).
Latest dividend yield is 0.63% versus a Technology sector median of 1.76% (64.2% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | TWD 3.81T | TWD 1.70T | TWD 992.38B | 59.9% | 327.35 | TWD 2.77T | TWD 1.06T | TWD 5.36T |
| FY2024 | TWD 2.89T | TWD 1.16T | TWD 861.20B | 56.1% | 226.25 | TWD 2.13T | TWD 1.05T | TWD 4.24T |
| FY2023 | TWD 2.16T | TWD 851.74B | TWD 286.57B | 54.4% | 161.7 | TWD 1.47T | TWD 956.26B | TWD 3.43T |
| FY2022 | TWD 2.26T | TWD 992.92B | TWD 520.97B | 59.6% | 196 | TWD 1.34T | TWD 888.17B | TWD 2.90T |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-09-11 | USD 2.25T | 31.3 | 0.6% | 2.75 |
| 2025 | 2025-12-31 | USD 1.58T | 28.5 | 0.5% | 1.52 |
| 2024 | 2024-12-31 | USD 1.02T | 28.1 | 1.2% | 2.34 |
| 2023 | 2023-12-29 | USD 539.39B | 18.7 | 1.8% | 1.85 |
| 2022 | 2022-12-30 | USD 386.31B | 12.7 | 2.5% | 1.86 |
| 2021 | 2021-12-31 | USD 623.94B | 29.2 | 1.6% | 1.9 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 2.75 USD, yield 0.6%.
| Year | Dividends/share |
|---|---|
| FY2025 | 1.52 TWD |
| FY2024 | 2.34 TWD |
| FY2023 | 1.85 TWD |
| FY2022 | 1.86 TWD |
About Taiwan Semiconductor Manufacturing
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.
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Frequently asked questions
Is Taiwan Semiconductor Manufacturing overvalued or undervalued?
Bullrun's valuation model currently marks Taiwan Semiconductor Manufacturing as 38.9% overvalued.
What is Taiwan Semiconductor Manufacturing's market cap?
Taiwan Semiconductor Manufacturing's market capitalization is USD 2.25T.
What is Taiwan Semiconductor Manufacturing's P/E ratio?
Taiwan Semiconductor Manufacturing's price-to-earnings (P/E) ratio is 31.3.
Does Taiwan Semiconductor Manufacturing pay a dividend?
Taiwan Semiconductor Manufacturing has a dividend yield of 0.6%.
What does Taiwan Semiconductor Manufacturing do?
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.