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Taiwan Semiconductor Manufacturing Co Shiller PE Ratio

: 31.14 (As of Today)
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As of today (2022-08-09), Taiwan Semiconductor Manufacturing Co's current share price is $85.01. Taiwan Semiconductor Manufacturing Co's E10 for the quarter that ended in Mar. 2022 was $2.73. Taiwan Semiconductor Manufacturing Co's Shiller PE Ratio for today is 31.14.

The historical rank and industry rank for Taiwan Semiconductor Manufacturing Co's Shiller PE Ratio or its related term are showing as below:

TSM' s Shiller PE Ratio Range Over the Past 10 Years
Min: 17.13   Med: 25   Max: 54.29
Current: 31.54

During the past years, Taiwan Semiconductor Manufacturing Co's highest Shiller PE Ratio was 54.29. The lowest was 17.13. And the median was 25.00.

TSM's Shiller PE Ratio is ranked worse than
53.53% of 439 companies
in the Semiconductors industry
Industry Median: 28.45 vs TSM: 31.54

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Taiwan Semiconductor Manufacturing Co's adjusted earnings per share data for the three months ended in Mar. 2022 was $1.375. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.73 for the trailing ten years ended in Mar. 2022.

Shiller PE for Stocks: The True Measure of Stock Valuation


Taiwan Semiconductor Manufacturing Co Shiller PE Ratio Historical Data

The historical data trend for Taiwan Semiconductor Manufacturing Co's Shiller PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Taiwan Semiconductor Manufacturing Co Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Shiller PE Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 27.70 23.84 31.23 44.14 42.19

Taiwan Semiconductor Manufacturing Co Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 46.65 44.84 41.85 42.19 38.15

Competitive Comparison

For the Semiconductors subindustry, Taiwan Semiconductor Manufacturing Co's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Taiwan Semiconductor Manufacturing Co Shiller PE Ratio Distribution

For the Semiconductors industry and Technology sector, Taiwan Semiconductor Manufacturing Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Taiwan Semiconductor Manufacturing Co's Shiller PE Ratio falls into.



Taiwan Semiconductor Manufacturing Co Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Taiwan Semiconductor Manufacturing Co's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=85.01/2.73
=31.14

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Taiwan Semiconductor Manufacturing Co's E10 for the quarter that ended in Mar. 2022 is calculated as:

For example, Taiwan Semiconductor Manufacturing Co's adjusted earnings per share data for the three months ended in Mar. 2022 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Mar. 2022 (Change)*Current CPI (Mar. 2022)
=1.375/121.3010*121.3010
=1.375

Current CPI (Mar. 2022) = 121.3010.

Taiwan Semiconductor Manufacturing Co Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201206 0.269 96.819 0.337
201209 0.322 97.633 0.400
201212 0.231 96.871 0.289
201303 0.257 98.209 0.317
201306 0.334 98.518 0.411
201309 0.338 98.790 0.415
201312 0.264 98.326 0.326
201403 0.304 99.695 0.370
201406 0.383 100.560 0.462
201409 0.488 100.428 0.589
201412 0.434 99.070 0.531
201503 0.485 99.621 0.591
201506 0.495 100.684 0.596
201509 0.445 100.392 0.538
201512 0.407 99.792 0.495
201603 0.384 100.470 0.464
201606 0.433 101.688 0.517
201609 0.593 101.861 0.706
201612 0.587 101.863 0.699
201703 0.551 102.862 0.650
201706 0.423 103.349 0.496
201709 0.576 104.136 0.671
201712 0.651 104.011 0.759
201803 0.592 105.290 0.682
201806 0.464 106.317 0.529
201809 0.560 106.507 0.638
201812 0.626 105.998 0.716
201903 0.384 107.251 0.434
201906 0.411 108.070 0.461
201909 0.628 108.329 0.703
201912 0.739 108.420 0.827
202003 0.748 108.902 0.833
202006 0.786 108.767 0.877
202009 0.908 109.815 1.003
202012 0.976 109.897 1.077
202103 0.953 111.754 1.034
202106 0.952 114.631 1.007
202109 1.087 115.734 1.139
202112 1.155 117.630 1.191
202203 1.375 121.301 1.375

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Taiwan Semiconductor Manufacturing Co  (NYSE:TSM) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Taiwan Semiconductor Manufacturing Co Shiller PE Ratio Related Terms

Thank you for viewing the detailed overview of Taiwan Semiconductor Manufacturing Co's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Taiwan Semiconductor Manufacturing Co Business Description

Taiwan Semiconductor Manufacturing Co logo
Address
No. 8, Li-Hsin Road 6, Hsinchu Science Park, Hsinchu, TWN, 300-096
Taiwan Semiconductor Manufacturing Company, or TSMC, is the world's largest dedicated chip foundry, with over 58% market share in 2020 per Gartner. TSMC was founded in 1987 as a joint venture of Philips, the government of Taiwan, and private investors. It went public as an ADR in the U.S. in 1997. TSMC's scale and high-quality technology allow the firm to generate solid operating margins, even in the highly competitive foundry business. Furthermore, the shift to the fabless business model has created tailwinds for TSMC. The foundry leader has an illustrious customer base, including Apple, AMD and Nvidia, that looks to apply cutting-edge process technologies to its semiconductor designs.

Taiwan Semiconductor Manufacturing Co Headlines

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