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Taiwan Semiconductor Manufacturing Company Limited 2330.TW

TW · Taiwan Stock Exchange · XTAI · stock · Technology · website

Taiwan Semiconductor Manufacturing Company Limited statistics & valuation

Market capNT$62.63T
P / E36.9×
P / S16.4×
P / B11.7×
P / FCF63.1×
Dividend yield0.75%
Net margin44.6%
Return on equity31.7%
FCF margin26.1%
Net cashNT$1.70T
Enterprise value USD$1.92T
Earnings yield EBIT/EV3.2%
Return on capital30.2%
Graham number -77.2%NT$554.81

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (NT$554.81); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
43.90% 39.40% 40.00% 44.60% 2022202320242025
Gross margin (%)
59.60% 54.40% 56.10% 59.90% 2022202320242025
Operating margin (%)
49.50% 42.60% 45.70% 50.80% 2022202320242025
Return on equity (%)
34.20% 24.80% 27.30% 31.70% 2022202320242025
Shares outstanding
25.93B 25.93B 25.93B 25.93B 2022202320242025
Net debt (NT$)
-NT$454.64B -NT$509.17B -NT$1.08T -NT$1.70T 2022202320242025
Share buybacks (NT$)
NT$871.6M NT$0 NT$3.09B NT$0 2022202320242025
Return on assets (%)
20.00% 15.40% 17.30% 21.40% 2022202320242025
Free cash flow margin (%)
23.00% 13.30% 29.80% 26.10% 2022202320242025
Debt / equity (×)
0.31× 0.28× 0.25× 0.20× 2022202320242025
EPS (NT$)
NT$39.20 NT$32.34 NT$45.25 NT$66.25 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Taiwan Semiconductor Manufacturing Company Limited trades at about 36.8× earnings — above its 10-year norm (10-year range 13.3×–26.8×, median 25.1×).

13.3× 36.8×

Shaded band = 10-year range (13.3×–26.8×); dot = today's 36.8×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin59.9%56.1%54.4%59.6%
Operating margin50.8%45.7%42.6%49.5%
Net margin44.6%40.0%39.4%43.9%
FCF margin26.1%29.8%13.3%23.0%
Return on assets21.4%17.3%15.4%20.0%
Return on equity31.7%27.3%24.8%34.2%
Debt / equity0.17×0.23×0.27×0.29×
Current ratio2.512.362.332.08

Computed from company filings · TW · as of 2025-12-31. Figures in TWD. Facts plus Stocktoria's own computed scores — not investment advice.