Is Taiwan Semiconductor Manufacturing Company Limited overvalued?

Taiwan Semiconductor Manufacturing Company Limited (TSM) looks overvalued — trading about 51% above its fair value.

Overvalued

Price

$413.41

Fair value

$201.05

Current P/E

34.3

Normal P/E

16.7

Market cap

$2.14T

Dividend yield

0.8%

Return on equity

39.5%

Sector

Technology

Fair value compares TSM's current P/E to its own historical "normal" P/E (FAST Graphs-style). Updated 14 Aug 2026.

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