Taiwan Semiconductor Manufacturing Company Limited (TSM) Stock Analysis
Over the past 10 years, Taiwan Semiconductor Manufacturing (TSM) earnings per share (EPS) grew 18.5% a year, revenue grew 16.4% a year and free cash flow grew 14.0% a year, with an average return on invested capital (ROIC) of 20.5%. TSM stock trades at $412.61, a P/E of 27.1, in line with its historical average of 26.2. Analysts' average 12-month price target is $585.57 (+41.9%).
Taiwan Semiconductor Manufacturing Company Limited (TSMC), along with its affiliated entities, operates globally in the semiconductor industry, specializing in the manufacturing, packaging, meticulous testing, and worldwide distribution of integrated circuits and other crucial semiconductor components.
This is an ADR — information may be inaccurate and outdated.
Exhibit A Growth Dossier
| Metric | 10yr | 5yr | 1yr | Grade |
|---|---|---|---|---|
| Book Value/Share GrowthBV/S | 16.2% | 23.9% | 39.7% | A+ |
| EPS GrowthEPS | 18.5% | 28.4% | 61.7% | A+ |
| Revenue GrowthRevenue | 16.4% | 23.5% | 36.4% | A+ |
| Cash Flow GrowthCash Flow | 14.0% | 26.9% | 69.8% | A+ |
| ROICROIC | 20.5% | 21.1% | 25.1% | A+ |
Exhibit B Valuation Ledger
- Current EPS
- $15.20
- Historical Avg P/E
- 26.2
- Future P/E (used for sticker price)
- Projected EPS (10yr)
- Sticker Price (10yr)
- Price for 15% Annual Return
- Expected Annual Return
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Not investment advice — a structured read of historical fundamentals, not a forecast or recommendation. Always do your own research.
Exhibit C Raw Data (last 10 years)
| Metric | Trend | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / ShareBV/S | $7.09 | $8.08 | $8.88 | $9.87 | $9.59 | $10.90 | $12.77 | $17.25 | $20.38 | $25.22 | $31.82 | $41.49 | |
| Basic EPSEPS | $1.89 | $1.99 | $2.02 | $2.13 | $2.02 | $2.94 | $3.51 | $6.12 | $4.92 | $7.11 | $10.26 | $15.20 | |
| RevenueRevenue | $25,993,419,711 | $29,210,476,055 | $30,120,568,154 | $31,782,125,507 | $32,972,338,391 | $41,270,060,748 | $48,917,288,541 | $69,763,372,494 | $66,615,386,438 | $89,190,098,093 | $118,594,520,366 | $152,657,432,343 | |
| Free Cash FlowCash Flow | $8,261,031,132 | $6,370,864,009 | $7,686,348,220 | $7,743,123,786 | $4,480,192,248 | $9,281,429,657 | $8,096,029,444 | $16,054,134,208 | $8,830,818,386 | $26,814,888,967 | $30,582,050,184 | $46,404,747,127 | |
| ROIC (%)ROIC | 18.7% | 19.9% | 19.4% | 18.9% | 18.6% | 22.3% | 18.8% | 24.4% | 17.4% | 20.0% | 25.1% | — |
The exact underlying data used to compute the growth rates and grades above. The highlighted TTM column is the trailing twelve months through the most recently reported quarter.
Ticker INVESTigator Price Target
Analyst Data
Price Target
Where the stock trades today vs. the range of 12-month price targets from covering analysts.
25 firms rate it — 18 buy, 7 hold · Most recent Oct 2026
TSM Stock FAQ
What is TSM's stock price target?
The average 12-month analyst price target for TSM is $585.57, with a range of $500.00 to $700.00. That is +41.9% from the current price of $412.61.
Do analysts rate TSM a buy?
Most rate it a buy. Of 25 firms covering Taiwan Semiconductor Manufacturing, the ratings are 18 buy or strong buy, 7 hold and 0 sell or strong sell.
How fast is Taiwan Semiconductor Manufacturing growing?
Annual growth rates for TSM. EPS: 18.5% over 10 years, 28.4% over 5 years, 61.7% over 1 year. Revenue: 16.4% over 10 years, 23.5% over 5 years, 36.4% over 1 year. Free cash flow: 14.0% over 10 years, 26.9% over 5 years, 69.8% over 1 year. Book value per share: 16.2% over 10 years, 23.9% over 5 years, 39.7% over 1 year.
What is TSM's ROIC?
Taiwan Semiconductor Manufacturing's return on invested capital (ROIC) was 25.1% in fiscal 2025. Its 10-year average ROIC is 20.5%. ROIC above 10% is generally a sign of a business with a durable competitive advantage.
What is TSM's P/E ratio?
TSM's current P/E ratio is 27.1, compared with a historical average of 26.2. Trailing earnings per share are $15.20.
What is Taiwan Semiconductor Manufacturing's market cap and stock price?
TSM last traded at $412.61 as of October 19, 2026. Its 52-week range is $266.82 to $487.47. Taiwan Semiconductor Manufacturing has a market cap of $2.14T.
Exhibit D Related Coverage
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Data as of October 19, 2026. Findings are derived from historical fundamentals — not a forecast, not advice. Cross-examine before you invest.
Grades are produced by Ticker INVESTigator's own model from public financial data and are for informational and educational purposes only. They are not investment advice or a recommendation to buy or sell any security. Do your own research.