Rankings Semiconductors TSMC
TSMC
82
15070100
A view of the same findings, not a new score. How it works
In the 70+ zone: a score above 70 with more than 20% upside to the median analyst target.
Biggest deductions
- Multiples vs own history−14
- Geopolitics−6
- Customer concentration−5
Strengths
- Net cash+2
- Pricing power+2
- Guidance+2
How the score is built
From 100 to 82, step by step: points off for the business, the price and the cracks, back for documented strengths, then three data adjustments.
Start
Score
Hover or select a step to see what drove it. Steps with findings open them below.
Key numbers
As of 2 Nov 2026. Analyst targets tend to be optimistic; read upside as a hint, not a forecast.
- Price
- 398.63 USD
- Median analyst target
- 557.50 USD
- Upside to median
- +39.9%
- Analysts
- 21
- Target range
- 440.00 – 1,000 USD
- 52-week change
- +33%
- P/E (trailing)
- 26.8
- Forward P/E
- 18.8
- PEG
- n/a
Findings
Every deduction and every plus, with its source. Open a step to read them.
Business
Is the company getting stronger, not just bigger? · 1 finding−2 of −30
- −2Capital allocationCapex raised to $60–64bn in 2026 and $265bn planned in Arizona (partly politically driven); the FCF margin is only 26% vs a 50% net margin, and FCF was $36bn vs a profit of $70bn (TTM).
Price
Today's multiples against the company's own history and its peers. · 1 finding−14 of −35
- −14Multiples vs own historyP/E 28.9 vs 11.7–26.9 in 2021–25; P/S 14.4 vs 5.1–10.6 and EV/EBITDA 19.5 vs 7.1–14.7 are records for the period. Forward P/E about 20–26 depending on the year.
Cracks
Cash flow, customers, debt, insiders, guidance and what sits behind the headline numbers. · 3 findings−14 of −35
- −5Customer concentrationNvidia is expected to account for about 22% and Apple about 18% of revenue in 2026; the ten largest customers account for 76%.
- −6GeopoliticsMost of the most advanced capacity is in Taiwan (China risk). The US 25% Section 232 tariff on advanced chips has relief only for chipmakers that invest in the US.
- −3AI dependenceGrowth (+43% expected in 2026) is driven by AI accelerators, and capex is rising at the top of the cycle; if hyperscalers' AI capex falls, TSMC is left with heavy depreciation.
Plus
Only documented strengths. · 3 findings+6 of +15
- +2
- +2Pricing powerGross margin has risen from 51.6% (2021) and 56.1% (2024) to 64.2% (TTM), and ROIC from 32% (2023) to 54%: stronger, not just bigger.
- +2GuidanceQ3 guidance $44.6–45.8bn (+37% y/y); August revenue points to the top of the range, and management sees strong demand towards 2029–30.
Caveats
What the score does not capture, or where the data is weak.
ADR (TSM) traded in USD, accounts in TWD; PEG is n/a on stockanalysis (the formula may penalise); multiples at record levels after +66% in one year; Q3 results 15/10
Also in Semiconductors
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