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STOCK COMPARISON

Taiwan Semiconductor Manufacturing vs Micron Technology: Fair Value & Quality

Both stocks run through our valuation models. Here is how Taiwan Semiconductor Manufacturing (TSM) and Micron Technology (MU) compare, as of Aug 13, 2026.

As of Aug 13, 2026, Fair Value Calculator sees Taiwan Semiconductor Manufacturing as the less overvalued of the two: Taiwan Semiconductor Manufacturing trades at $429 versus a fair value of $208 (-51%), while Micron Technology trades at $911 versus $112 (-88%).
Taiwan Semiconductor Manufacturing
TSM · USD · Information Technology
-51%
upside to fair value
overvalued
Price$429
Fair Value$208
Quality78/100
Micron Technology
MU · USD · Information Technology
-88%
upside to fair value
overvalued
Price$911
Fair Value$112
Quality74/100

Head-to-head numbers

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

Taiwan Semiconductor ManufacturingMicron Technology
Valuation
37.4×P/E (TTM)20.5×
15.78×P/S (TTM)10.67×
13.08×P/B17.79×
21.5×EV/EBITDA14.2×
1.01×PEG0.13×
0.9%Dividend yield0.1%
$24.00Dividend per share$0.50
Profitability
50%Net margin56%
60%Operating margin80%
40%Return on equity67%
19%Return on assets35%
Growth
36%Revenue growth (YoY)346%
19.3%Avg. growth/yr (3Y)6.7%
23.5%Avg. growth/yr (5Y)11.8%
Balance & size
0.17×Debt / equity0.21×
$2.2TMarket cap$964B
expensiveGrowth qualityexpensive

Micron Technology leads: 5 to 9 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.

Taiwan Semiconductor Manufacturingof which business quality 74 · market factors 69 Micron Technologyof which business quality 71 · market factors 63
ProfitabilityMargins and returns on capital today
76
55
Quality GrowthAre margins and returns improving?
88
99
CashflowEarnings quality: real cash, not paper profit
69
58
Fin. StrengthBalance sheet, leverage, solvency risk
98
86
InvestmentDisciplined investing over empire-building
5
49
Low VolatilityCalm price path (market factor)
43
0
MomentumPrice trend over the last 3–12 months (market factor)
74
93
52W MomentumDistance to the 52-week high (market factor)
90
85
Net IssuanceBuybacks instead of dilution
82
78

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Taiwan Semiconductor Manufacturing

DCF Models$9,497
Earnings-Based$5,813
Dividend Discount$1,737
Multiples$7,530
Asset-Based$692
Growth DCF$6,519
Economic Profit$4,495
Growth Earnings$9,584

0 of 26 models see the stock below the current price.

Micron Technology

DCF Models$155
Earnings-Based$105
Dividend Discount$8.83
Multiples$168
Asset-Based$32.13
Growth DCF$80.26
Economic Profit$99.48
Growth Earnings$184

26 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.

Taiwan Semiconductor Manufacturing
Bear $130Fair Value $208Bull $329
$429 = current price (white tick)
Micron Technology
Bear $62.19Fair Value $112Bull $189
$911 = 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.

Taiwan Semiconductor Manufacturing · Information Technology

Quality score78 · Top 25%
Fair value upside-51% · below median

Micron Technology · Information Technology

Quality score74 · Top 25%
Fair value upside-88% · bottom 25%

Bottom line

As of Aug 13, 2026, Fair Value Calculator sees Taiwan Semiconductor Manufacturing as the less overvalued of the two: Taiwan Semiconductor Manufacturing trades at $429 versus a fair value of $208 (-51%), while Micron Technology trades at $911 versus $112 (-88%).

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

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.