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STOCK COMPARISON

Advanced Micro Devices vs Taiwan Semiconductor Manufacturing: Fair Value & Quality

Both stocks run through our valuation models. Here is how Advanced Micro Devices (AMD) and Taiwan Semiconductor Manufacturing (TSM) compare, as of Sep 4, 2026.

As of Sep 4, 2026, Fair Value Calculator sees Taiwan Semiconductor Manufacturing as the less overvalued of the two: Advanced Micro Devices trades at $456 versus a fair value of $55.02 (-88%), while Taiwan Semiconductor Manufacturing trades at $417 versus $296 (-29%).
Advanced Micro Devices
AMD · USD · Information Technology
-88%
upside to fair value
overvalued
Price$456
Fair Value$55.02
Quality75/100
Taiwan Semiconductor Manufacturing
TSM · USD · Information Technology
-29%
upside to fair value
overvalued
Price$417
Fair Value$296
Quality78/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Advanced Micro DevicesTaiwan Semiconductor Manufacturing
Valuation
175.2×P/E (TTM)36.3×
21.81×P/S (TTM)15.58×
12.97×P/B12.91×
EV/EBITDA21.2×
1.27×PEG1.01×
−87.9%Fair value upside−29.0%
0.0%Dividend yield0.9%
Dividend per share$3.71
Profitability
14%Operating margin60%
0.79×EBIT margin trend (5Y)1.20×
8%Return on equity40%
4%Return on assets19%
Growth
38%Revenue growth (YoY)36%
13.6%Avg. growth/yr (3Y)19.3%
28.8%Avg. growth/yr (5Y)23.5%
+6.7%Value creation/yr+28.6%
Balance & size
28.2×Interest coverage (EBIT/interest)158.1×
0.04×Debt / equity0.17×
$817BMarket cap$2.2T
healthyGrowth qualityexpensive

Taiwan Semiconductor Manufacturing leads: 3 to 12 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Advanced Micro Devicesof which business quality 73 · market factors 57 Taiwan Semiconductor Manufacturingof which business quality 74 · market factors 66
ProfitabilityMargins and returns on capital today
40
76
Quality GrowthAre margins and returns improving?
76
88
CashflowEarnings quality: real cash, not paper profit
83
69
Fin. StrengthBalance sheet, leverage, solvency risk
84
98
InvestmentDisciplined investing over empire-building
83
5
Low VolatilityCalm price path (market factor)
0
43
MomentumPrice trend over the last 3–12 months (market factor)
78
68
52W MomentumDistance to the 52-week high (market factor)
85
88
Net IssuanceBuybacks instead of dilution
80
82

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyAdvanced Micro DevicesPrice $456Taiwan Semiconductor ManufacturingPrice $417
DCF Models-79%below the price$97.12+2177%above the price$9,497
Earnings-Based-93%below the price$33.47+1294%above the price$5,813
Dividend Discount-100%below the price$1.22+317%above the price$1,737
Multiples-89%below the price$50.77+1706%above the price$7,530
Asset-Based-94%below the price$25.89+66%above the price$692
Growth DCF-83%below the price$79.46+1463%above the price$6,519
Economic Profit-94%below the price$29.56+978%above the price$4,495
Growth Earnings-87%below the price$61.37+2198%above the price$9,584
Minimum-100%below the price$1.22+66%above the price$692
Maximum-79%below the price$97.12+2198%above the price$9,584
Median-91%below the price$42.12+1379%above the price$6,166
Geometric mean-93%below the price$30.51+955%above the price$4,399

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Advanced Micro Devices: 26 of 26 models see the stock below the current price.

Taiwan Semiconductor Manufacturing: 0 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Advanced Micro Devices
Bear $41.43Fair Value $55.02Bull $68.62
$456 = current price (white tick)
Taiwan Semiconductor Manufacturing
Bear $160Fair Value $296Bull $394
$417 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Advanced Micro Devices · Information Technology

Quality score75 · Top 25%
Fair value upside-88% · bottom 25%

Taiwan Semiconductor Manufacturing · Information Technology

Quality score78 · Top 25%
Fair value upside-29% · below median

Bottom line

As of Sep 4, 2026, Fair Value Calculator sees Taiwan Semiconductor Manufacturing as the less overvalued of the two: Advanced Micro Devices trades at $456 versus a fair value of $55.02 (-88%), while Taiwan Semiconductor Manufacturing trades at $417 versus $296 (-29%).

Taiwan Semiconductor Manufacturing has the higher quality score (78/100).

See the full analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.