Taiwan Semiconductor Manufacturing Co. Ltd. (2330) fair value: what the stock is really worth
We calculate from audited financials what Taiwan Semiconductor Manufacturing Co. Ltd. is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
- Compare price with fair valuebelow fair value = cheap, above = expensive
- Check the quality50 and up solid, 75 and up strong
- Watch it or check another stockalert when fair value or trend changes
At a glance
A solid business, but trading 33% above our fair value of 1,855 TWD.
As of Aug 22, 2026, the fair value of Taiwan Semiconductor Manufacturing Co. Ltd. is 1,855 TWD per share against a price of 2,460 TWD, so the fair value sits 25% below the price. A model estimate from reported figures, not an analyst target.
Fair value as of: Aug 22, 2026
From 26 valuation models · updated 16 days ago
Share price +3.8% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- A high-quality business (quality 72/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- A fairly wide model range (964.92 TWD to 2,461 TWD) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 22, 2026.
How to read this chart
60‑month range 347.48 TWD – 2,510 TWD · fair‑value band 964.92 TWD – 2,461 TWD · the 2,460 TWD price screens above the 1,855 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 22, 2026.
Analysis
Taiwan Semiconductor Manufacturing Co. Ltd. (2330) currently trades at 2,460 TWD, while our model-based Fair Value estimate is 1,855 TWD, implying the stock looks roughly 32.6% overvalued today. The Quality Score stands at 72/100 (solid quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of 1,893 TWD per share, and 2 of the 26 models we run sit above the 2,460 TWD price. Bear case: the Dividend Discount group reads lowest at 309.64 TWD, and 24 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Taiwan Semiconductor Manufacturing Co. Ltd. generated revenue of 4.1T TWD at a net margin of 46.5%. Revenue grew 35.1% year over year. It earns a return on equity of 36.2%. The balance sheet holds a net cash position of 1.7T TWD. Fundamentals as of Aug 22, 2026
Scenario range: 964.92 TWD (bear) to 2,461 TWD (bull), the price of 2,460 TWD sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades near its 52-week high and 150% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −63% fair-value upside, at −25%, 2330 screens cheaper than that median.
Fair Value models
Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (33.94 TWD per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
All 26 models by family
Widest divergence: Growth Earnings (1,893 TWD) versus Asset-Based (140.02 TWD). Highest evidence: FCF DCF (75).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 22, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 73 · Market factors (momentum, volatility) 74
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
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.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Taiwan Semiconductor Manufacturing Co. Ltd. reported revenue of 3.8T TWD in FY2025 versus 1.6T TWD in FY2021, a compound +24.5%/yr. Reported net income was 1.7T TWD in FY2025, compounding +30.5%/yr from FY2021.
of which total revenue +14.8 % · buybacks/dilution +0.0 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
2330 screens 33% overvalued. Compare with NVIDIA Corporation →
Peer Group
Semiconductors · 325 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Semiconductors median · lower = cheaper
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must Taiwan Semiconductor Manufacturing Co. Ltd. deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
The price demands roughly the growth the company recently delivered. Ranking of the largest stocks →
Context: sector, industry, market
- Is the Information Technology sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Taiwanese Stocks
- Valuation of the Taiwan market
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Insider activity: 30/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Semiconductors stocks, each showing price versus our Fair Value estimate (as of Aug 22, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| NVIDIA Corporation NVDA | $230.36 | $98.98 | −57% |
| Broadcom Inc AVGO | $357.90 | $118.27 | −67% |
| SK hynix Inc 000660 | 1,647,000 KRW | 1,481,291 KRW | −10% |
| Micron Technology, Inc MU | $932.86 | $148.38 | −84% |
| Advanced Micro Devices, Inc AMD | $477.57 | $55.02 | −88% |
| Intel Corporation INTC | $95.80 | $35.41 | −63% |
| Texas Instruments Incorporated TXN | $258.44 | $78.54 | −70% |
| Semiconductor Manufacturing International Corporation 688981 | ¥121.14 | ¥16.55 | −86% |
| QUALCOMM Incorporated QCOM | $168.74 | $147.20 | −13% |
| MediaTek Inc 2454 | 3,845 TWD | 1,559 TWD | −59% |
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