Taiwan Semiconductor Manufacturing Company Limited Ratios | P/E, ROE & Valuation

On the Key Ratios page for Taiwan Semiconductor Manufacturing Company Limited (TSM), the latest P/E of 27.6 frames valuation, while ROE 39.35% and ROIC 27.15% indicates profitability and capital efficiency. Together with the current ratio of 2.46 and debt-to-equity 0.15, these signals help you judge whether valuation is supported by fundamentals across the historical rows.

Financial Performance Ratios

TSM Historical Per Share Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Revenue per Share$856.25$111.63$83.37$87.31$61.22$51.65$41.26$39.77$37.69$36.56
Net Income per Share$431.37$44.68$32.34$38.29$22.84$19.70$13.65$14.00$13.30$12.79
Operating Cash Flow per Share$517.07$70.43$47.90$62.12$42.89$31.73$23.72$22.13$22.57$20.82
Free Cash Flow per Share$215.67$33.22$11.05$20.09$10.13$11.80$5.61$9.69$9.62$7.97
Cash per Share$678.37$93.41$66.13$61.19$46.47$30.85$22.92$27.53$25.32$24.54
Book Value per Share$1248.46$165.05$133.20$112.53$82.98$70.80$62.26$64.06$57.63$52.44
Tangible Book Value per Share$1243.82$164.03$132.33$111.53$81.94$69.80$61.46$63.40$57.09$51.88
Interest Debt per Share$191.13$40.79$37.34$34.71$29.27$14.26$7.47$7.08$8.38$9.74
CAPEX per Share$301.40$37.22$36.85$42.02$32.76$19.93$18.12$12.44$12.95$12.85

TSM Historical Valuation Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Price to Earnings (P/E)27.6524.0618.3411.7126.9226.9124.2515.6817.4714.19
Price to Book (P/B)9.616.574.484.017.427.495.323.434.043.46
Price to Sales (P/S)13.939.637.115.1410.0510.268.025.526.174.96
Enterprise Value to EBITDA18.3112.899.767.0114.3314.6412.237.648.637.2
EV to Sales13.449.266.884.949.8510.047.775.135.824.66
EV to Operating Cash Flow22.2614.6711.976.9414.0616.3513.529.229.728.18
EV to Free Cash Flow53.3731.1151.8821.4559.5143.9757.2121.0722.8121.35
Enterprise Value$59697.00B$26791.54B$14866.86B$11174.60B$15635.83B$13450.72B$8318.02B$5294.46B$5689.39B$4414.28B

TSM Historical Profitability Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Return on Equity (ROE)39.35%27.29%24.45%34.20%27.56%27.84%21.93%21.86%23.10%24.41%
Return on Invested Capital (ROIC)27.15%20.00%17.14%24.35%18.83%22.31%18.63%18.87%19.44%19.89%
Return on Tangible Assets23.92%17.38%15.22%20.11%16.02%18.68%15.77%17.51%17.45%17.72%
Earnings Yield3.62%4.16%5.45%8.54%3.71%3.72%4.12%6.38%5.72%7.05%
Free Cash Flow Yield1.81%3.09%1.86%4.48%1.65%2.23%1.69%4.41%4.14%4.39%
Dividend Yield0.92%1.30%1.90%2.45%1.67%1.89%3.02%3.64%3.01%3.31%

TSM Historical Liquidity & Financial Strength

10 years
Metric (FY)TTM202420232022202120202019201820172016
Current Ratio2.462.362.332.082.121.731.372.672.222.35
Interest Coverage285.4125.9676.7995.43120.05272.3114.65125.73115.77114.32
Income Quality1.091.31.271.411.681.411.581.441.481.4
Debt to Equity0.150.250.280.310.350.20.120.110.140.18
Debt to Assets10.48%15.65%17.29%17.89%20.23%13.32%8.41%8.64%10.74%13.21%
Net Debt to EBITDA-0.66-0.52-0.33-0.29-0.29-0.32-0.39-0.57-0.51-0.48

TSM Historical Efficiency Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Receivables Turnover10.0710.6410.79.7889.177.657.987.987.32
Payables Turnover3.964.784.343.413.983.193.217.015.745.3
Inventory Turnover4.124.413.934.143.984.576.965.176.539.72
Days Sales Outstanding36.2434.3134.1137.3145.6139.8247.745.7545.7449.85
Days Payables Outstanding92.2676.2984.0610791.75114.35113.5452.0863.6368.83
Days of Inventory on Hand88.5982.7492.8688.1791.7979.8252.4770.6355.8837.56

TSM Historical Market Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Enterprise Value to EBITDA18.3112.899.767.0114.3314.6412.237.648.637.2
Market Cap$61848.77B$27872.12B$15376.03B$11629.24B$15947.18B$13743.10B$8582.96B$5691.72B$6028.81B$4706.36B
Enterprise Value$59697.00B$26791.54B$14866.86B$11174.60B$15635.83B$13450.72B$8318.02B$5294.46B$5689.39B$4414.28B
Dividend Yield0.92%1.30%1.90%2.45%1.67%1.89%3.02%3.64%3.01%3.31%
Payout Ratio23.76%31.34%34.79%28.73%44.87%50.77%73.26%57.14%52.61%46.90%

Frequently Asked Questions

How does Taiwan Semiconductor Manufacturing Company Limited’s P/E ratio compare with its history?

On this page, TSM's current P/E is 27.6, compared with a multi-year average around 20.7. A higher P/E versus its own history is a calculated premium versus that average—not a conclusion that the stock is expensive. Cross-check profitability (ROE/ROIC), liquidity (current ratio), and leverage (debt-to-equity) so the multiple is read with those published figures.

What is Taiwan Semiconductor Manufacturing Company Limited market cap?

Market cap is the market value of a company's equity and is commonly calculated as share price multiplied by shares outstanding. The latest market cap shown in the table is $61.85T. Pair market cap with valuation multiples (P/E, P/B, P/S) so you can evaluate whether size also corresponds with "quality" and profitability. For a wider view across stocks, you can also use the stock screener.

How does Taiwan Semiconductor Manufacturing Company Limited’s P/E compare with its industry?

There is no P/E Tickerplace rates as good. Compare the P/E on this page with Taiwan Semiconductor Manufacturing Company Limited's own historical range (in the table) and with peers via the Screener and Compare tools. A higher or lower multiple versus peers is a calculated gap, not a recommendation.

How does Taiwan Semiconductor Manufacturing Company Limited compare to its competitors in key financial ratios?

The fastest way to compare Taiwan Semiconductor Manufacturing Company Limited with competitors is to use the built-in "Peers Comparison" section on this page and the Compare tool. Focus on a small set of ratios that work together: P/E for valuation, ROE/ROIC for profitability and capital efficiency, current ratio and interest coverage for liquidity and solvency, and debt-to-equity for leverage risk. When you see Taiwan Semiconductor Manufacturing Company Limited outperform peers on profitability while keeping valuation and leverage reasonable, it often signals stronger fundamentals.

What do Taiwan Semiconductor Manufacturing Company Limited's liquidity and leverage ratios show?

Liquidity and leverage figures on this page are published ratios, not a verdict that Taiwan Semiconductor Manufacturing Company Limited is financially strong. Current ratio is about 2.46, which is above 1.0 and can indicate more comfortable short-term liquidity. Interest coverage is about 285.40, implying a stronger ability to cover interest expenses. Debt-to-equity is about 0.15, suggesting leverage is more moderate relative to a high-debt profile. Pair them with ROE/ROIC and cash-flow rows in the table. Tickerplace does not rate the company as a good or poor investment.

What do Taiwan Semiconductor Manufacturing Company Limited's financial ratios say about its future growth?

Ratios are a way to see what the business is likely to sustain. Look for upward trends in profitability metrics (ROE and ROIC), improving earnings/cash-flow backed measures, and stable or strengthening liquidity. If Taiwan Semiconductor Manufacturing Company Limited is sustaining strong returns (for example ROE at 39.35% and ROIC at 27.15%) while debt levels and interest coverage remain manageable, growth expectations may be more credible. If valuation multiples expand while returns weaken, the market may be pricing optimistic growth ahead of results.