Check 35,000+ stocks against 26 valuation models and 37 quality factors
Data-driven stock valuation
Which stocks are undervalued right now? Check free
Discover now →
Taiwan Semiconductor Manufacturing Company (TSMC34) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Taiwan Semiconductor Manufacturing Company BRL 321, price BRL 309, upside +3.9%, quality 74 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
- Add to watchlist
TS
Broad data
Sep 28, 2026
Taiwan Semiconductor Manufacturing Company
TSMC34 · SANeutralQuality growthThe stock looks roughly fairly valued with average quality.
·Fair value R$320.76 · Fairly valued (+3.9%)
✓Quality 74/100
!Expensive Growth (revenue 5y +23.3 %/yr)
✓Highly profitable · 46.5% net margin (TTM)
✓Low debt · generates free cash flow
✓7.8% dividend yield · Well covered
✓Wide moat 98/100
What runs behind every stock
26
valuation models
8 families, DCF to NCAV
37
quality factors
margins, balance sheet, cashflow, debt
6
AI factors
moat, what no ratio measures
2,000+
data points
verified, per stock, median
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 28, 2026.
How to read this chart
60‑month range R$37.16 – R$308.80 · fair‑value band R$154.86 – R$399.74 · the R$308.80 price screens below the R$320.76 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 28, 2026.
Company profile
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.
Show more
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.
Stock analysis
Taiwan Semiconductor Manufacturing Company (TSMC34) currently trades at R$308.80, while our model-based Fair Value estimate is R$320.76, so the stock looks roughly fairly valued today (gap 3.7%).
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of R$245.93 per share, and 2 of the 26 models we run sit above the R$308.80 price.
Bear case: the Economic Profit group reads lowest at R$72.54, and 24 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: R$154.86 (bear) to R$399.74 (bull), the price of R$308.80 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 74/100 (solid quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Taiwan Semiconductor Manufacturing Company 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 +30.3%/yr from FY2021.
Key figures
Market cap R$11.6T (≈ $2.2T) · P/E ratio 41.4 · P/S ratio 18.7 · EPS (TTM) R$7.45 · Dividend yield 7.8% · Net margin 45.1% · Return on equity 36.2% · Return on assets (EBIT) 20.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 76 out of 100 (high confidence).
What moves the price
The share trades at its 52-week high and 68% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −60% fair-value upside, at 4%, TSMC34 screens cheaper than that median.
Fair Value models
Bear R$154.86
Fair Value R$320.76
Bull R$399.74
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.
Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.
Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
FCF DCF
R$78.12
R$121.45
R$263.14
75
EPV
R$76.16
R$88.30
R$99.09
74
Growth DCF
R$74.05
R$136.39
R$267.78
74
All 26 models by family
DCF Models
FCF DCF
R$78.12
R$121.45
R$263.14
75
Owner Earnings
R$81.35
R$180.72
R$398.65
70
5Y Revenue Exit
R$69.41
R$117.31
R$217.72
69
5Y EBITDA Exit
R$133.51
R$247.04
R$470.21
71
5Y P/E Exit
R$135.84
R$315.20
R$563.16
67
10Y Revenue Exit
R$70.71
R$152.64
R$206.97
66
10Y EBITDA Exit
R$121.04
R$293.78
R$606.74
63
10Y P/E Exit
R$122.78
R$298.91
R$598.17
59
Earnings-Based
Graham-Dodd
R$46.12
R$321.64
R$451.38
63
Lynch FV
R$118.50
R$169.29
R$220.08
61
PEG = 1.0
R$118.50
R$169.29
R$220.08
57
EPV
R$76.16
R$88.30
R$99.09
74
Dividend Discount
Gordon GGM
R$17.73
R$38.70
R$65.12
65
DDM Multi-Stage
R$17.73
R$31.70
R$40.33
66
Multiples
P/E Multiple
R$142.43
R$189.91
R$237.39
63
P/S Multiple
R$62.04
R$82.71
R$103.39
58
P/B Multiple
R$86.48
R$115.30
R$144.13
55
EV/EBIT
R$144.95
R$190.81
R$236.67
66
EV/EBITDA
R$146.78
R$193.25
R$239.72
67
EV/Revenue
R$60.00
R$82.56
R$105.12
54
Asset-Based
NCAV (Graham)
R$10.70
R$14.34
R$21.40
54
Growth DCF
Growth DCF
R$74.05
R$136.39
R$267.78
74
Rev-Margin DCF
R$69.41
R$133.09
R$251.90
69
Economic Profit
Residual Income
R$46.41
R$72.54
R$185.44
67
ROIC Compounder
R$91.17
R$125.93
R$173.25
71
Growth Earnings
Growth-Adj P/E
R$172.15
R$245.93
R$319.71
67
Notify me when TSMC34 reaches fair value
Put TSMC34 on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.
Set up alert →Quality Score breakdown
Overall quality
74/100
Of which business quality 74 · Market factors (momentum, volatility) 75
Profitability
76
Margins and returns on capital today
Quality Growth
91
Are margins and returns improving?
Cashflow
67
Earnings quality: real cash, not paper profit
Fin. Strength
98
Balance sheet, leverage, solvency risk
Investment
5
Disciplined investing over empire-building
Low Volatility
47
Calm price path (market factor)
Momentum
79
Price trend over the last 3–12 months (market factor)
52W Momentum
100
Distance to the 52-week high (market factor)
Net Issuance
82
Share count: buybacks or dilution?
Revenue & earnings trend
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.
62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+31.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+18.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+23.3%
Start year 2020 (pandemic)
Revenue growth 9 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+16.7%
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in TWD (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+33.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+25.3%
Dividend (yield on the price)7.8%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.42% → 51%
2025 sits 69% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Watch TSMC34, get fair value alerts →
Compare Taiwan Semiconductor Manufacturing Company with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Context: sector, industry, market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
None of the checked exposures detected
Similar stocks
10 more Semiconductors stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| NVIDIA Corporation NVDA | $228.38 | $198.56 | −13% |
| Broadcom Inc AVGO | $351.19 | $303.10 | −14% |
| Micron Technology, Inc MU | $1,054 | $151.51 | −86% |
| Advanced Micro Devices, Inc AMD | $611.76 | $122.60 | −80% |
| SK hynix Inc 000660 | 1,833,000 KRW | 2,016,300 KRW | +10% |
| Intel Corporation INTC | $115.93 | $33.67 | −71% |
| Arm Holdings ARM | $310.32 | $44.44 | −86% |
| MediaTek Inc 2454 | 5,285 TWD | 3,142 TWD | −41% |
| Texas Instruments Incorporated TXN | $280.09 | $81.75 | −71% |
| Marvell Technology, Inc MRVL | $251.90 | $101.64 | −60% |
Explore undervalued stocks
More undervalued Technology stocks →
All undervalued stocks
TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
🥇 Backtested Best
🏆 Big Names
⭐ Top Rated
💎 Quality on Sale
🚀 Profitable Growth
🧊 Quality Compounders
💵 Dividend Stars
📈 Strong Momentum
📉 Fallen Angels
⚖️ Deeply Undervalued
🔍 Small-Cap Gems
🏰 Moat at a Fair Price
💼 Insider Buying
🎩 Buffett-Style Quality
📚 Peter Lynch GARP
🧮 Greenblatt Magic Formula
🛡️ Graham Defensive
Discover tools
Stock screenerFilter by region, size and sector
Compare toolTwo stocks side by side
Extrinsic Value Calculator…Calculator with industry benchmark
Peter Lynch Fair Value Formula &…Calculator with industry benchmark
Run the numbers yourself: free valuation calculators
Frequently asked questions
Is Taiwan Semiconductor Manufacturing Company (TSMC34) overvalued or undervalued?
As of Sep 28, 2026, our model estimates a fair value of R$320.76 versus a price of R$308.80, about +4% upside (fairly valued).
What is the fair value of TSMC34?
Our model-based fair value for Taiwan Semiconductor Manufacturing Company is R$320.76 (as of Sep 28, 2026), built from audited fundamentals. The current price: R$308.80.
What is the quality score of TSMC34?
Taiwan Semiconductor Manufacturing Company has a Quality Score of 74/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Taiwan Semiconductor Manufacturing Company (TSMC34)?
Our model-based price target is the fair value of R$320.76 (as of Sep 28, 2026) from 26 valuation models. Cautious scenario R$154.86, optimistic scenario R$399.74. It is a calculation from audited fundamentals, not an analyst target.
What is the Taiwan Semiconductor Manufacturing Company stock forecast for 2026?
Our models put fair value at R$320.76, about +4% upside versus a price of R$308.80 (fairly valued). Cautious scenario R$154.86, optimistic scenario R$399.74. The calculation is refreshed regularly with new filings.
What is the revenue of Taiwan Semiconductor Manufacturing Company (TSMC34)?
Taiwan Semiconductor Manufacturing Company reported trailing-twelve-month revenue of about 4.1T TWD (latest available figure, as of Sep 28, 2026).
Does Taiwan Semiconductor Manufacturing Company pay a dividend?
Taiwan Semiconductor Manufacturing Company currently shows a dividend yield of about 7.77% relative to its recent price (as of Sep 28, 2026).
What is the intrinsic value of Taiwan Semiconductor Manufacturing Company (TSMC34)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Taiwan Semiconductor Manufacturing Company it is R$320.76 per share (as of Sep 28, 2026), against a price of R$308.80. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Taiwan Semiconductor Manufacturing Company stock overvalued or undervalued in 2026?
As of Sep 28, 2026, TSMC34 trades below its calculated fair value: price R$308.80, fair value R$320.76, a gap of about +4% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of TSMC34?
No. The price is what the market pays today (R$308.80); the fair value is what the company's own numbers justify (R$320.76). For Taiwan Semiconductor Manufacturing Company the two are R$11.96 per share apart. That gap is exactly why we show both numbers side by side.
How much is Taiwan Semiconductor Manufacturing Company worth?
The market values Taiwan Semiconductor Manufacturing Company at about R$11.6T (market capitalisation, as of Sep 28, 2026). Per share that is R$308.80; our models calculate a fair value of R$320.76 per share.
What do the bullish and bearish scenarios say about TSMC34?
Our models span a range for Taiwan Semiconductor Manufacturing Company: cautious scenario R$154.86, base R$320.76, optimistic R$399.74 per share (as of Sep 28, 2026, price R$308.80). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is TSMC34 from its 52-week high?
Taiwan Semiconductor Manufacturing Company trades at R$308.80, at its 52-week high of R$308.80 and 68% above the low of R$184.11 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of R$320.76 is for.
Which stocks are comparable to Taiwan Semiconductor Manufacturing Company?
From the same area (Technology) we also value NVIDIA Corporation, Broadcom Inc, Micron Technology, Inc, Advanced Micro Devices, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Taiwan Semiconductor Manufacturing Company stock attractive at the current price?
The data as of Sep 28, 2026: price R$308.80, calculated fair value R$320.76 (+4%), Quality Score 74/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of TSMC34 calculated?
We run Taiwan Semiconductor Manufacturing Company through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of R$320.76, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Taiwan Semiconductor Manufacturing Company currently trades 4 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Taiwan Semiconductor Manufacturing Company (TSMC34)?
The closing price on Oct 2, 2026 was R$308.80. Our model-based fair value is R$320.76, about +4% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Taiwan Semiconductor Manufacturing Company right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (R$154.86 to R$399.74) leaves room in how you read the outcome.
Key figures of Taiwan Semiconductor Manufacturing Company
How large is the market capitalisation of Taiwan Semiconductor Manufacturing Company (TSMC34)?
The market capitalisation of Taiwan Semiconductor Manufacturing Company is R$11.6T (≈ $2.2T). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/E ratio of Taiwan Semiconductor Manufacturing Company (TSMC34)?
The price-to-earnings ratio of Taiwan Semiconductor Manufacturing Company is 41.4. Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of Taiwan Semiconductor Manufacturing Company (TSMC34)?
The price-to-sales ratio of Taiwan Semiconductor Manufacturing Company is 18.7 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Taiwan Semiconductor Manufacturing Company (TSMC34)?
Earnings per share at Taiwan Semiconductor Manufacturing Company are R$7.45 (price ÷ EPS = P/E 41.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Taiwan Semiconductor Manufacturing Company (TSMC34)?
The dividend yield of Taiwan Semiconductor Manufacturing Company is 7.8%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Taiwan Semiconductor Manufacturing Company (TSMC34)?
The net margin of Taiwan Semiconductor Manufacturing Company is 45.1% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Taiwan Semiconductor Manufacturing Company (TSMC34)?
The return on equity (ROE) of Taiwan Semiconductor Manufacturing Company is 36.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Taiwan Semiconductor Manufacturing Company (TSMC34)?
On an EBIT basis the return on assets of Taiwan Semiconductor Manufacturing Company is 20.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Taiwan Semiconductor Manufacturing Company (TSMC34)?
The operating margin of Taiwan Semiconductor Manufacturing Company is 58.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Taiwan Semiconductor Manufacturing Company (TSMC34)?
Revenue at Taiwan Semiconductor Manufacturing Company is growing +35.1% versus a year earlier (3y avg +18.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Taiwan Semiconductor Manufacturing Company (TSMC34)?
Earnings per share at Taiwan Semiconductor Manufacturing Company are growing +58.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Taiwan Semiconductor Manufacturing Company (TSMC34) generate?
The free cash flow of Taiwan Semiconductor Manufacturing Company is 992B TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
Free · no account needed
Continue in the live analysis
Fair value and trend for 35,000+ stocks, watchlist, comparison and the diversification check. You can also try 14 days of Pro there, no card.
Open the live analysis →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.