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Taiwan Semiconductor Manufacturing Co (TPE:2330) Shiller PE Ratio : 35.30 (As of Apr. 25, 2024)


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What is Taiwan Semiconductor Manufacturing Co Shiller PE Ratio?

As of today (2024-04-25), Taiwan Semiconductor Manufacturing Co's current share price is NT$783.00. Taiwan Semiconductor Manufacturing Co's E10 for the quarter that ended in Mar. 2024 was NT$22.18. Taiwan Semiconductor Manufacturing Co's Shiller PE Ratio for today is 35.30.

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

TPE:2330' s Shiller PE Ratio Range Over the Past 10 Years
Min: 19.55   Med: 26.61   Max: 54.42
Current: 34

During the past years, Taiwan Semiconductor Manufacturing Co's highest Shiller PE Ratio was 54.42. The lowest was 19.55. And the median was 26.61.

TPE:2330's Shiller PE Ratio is ranked worse than
59.48% of 501 companies
in the Semiconductors industry
Industry Median: 27.51 vs TPE:2330: 34.00

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. 2024 was NT$8.700. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is NT$22.18 for the trailing ten years ended in Mar. 2024.

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 Shiller PE Ratio Chart

Taiwan Semiconductor Manufacturing Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.23 44.24 42.36 24.10 27.52

Taiwan Semiconductor Manufacturing Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Shiller PE Ratio Get a 7-Day Free Trial 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 27.30 28.55 25.02 27.52 34.99

Competitive Comparison of Taiwan Semiconductor Manufacturing Co's Shiller PE Ratio

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's Shiller PE Ratio Distribution in the Semiconductors Industry

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
=783.00/22.18
=35.30

* 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. 2024 is calculated as:

For example, Taiwan Semiconductor Manufacturing Co's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=8.7/129.4194*129.4194
=8.700

Current CPI (Mar. 2024) = 129.4194.

Taiwan Semiconductor Manufacturing Co Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201406 2.300 100.560 2.960
201409 2.940 100.428 3.789
201412 2.720 99.070 3.553
201503 3.050 99.621 3.962
201506 3.060 100.684 3.933
201509 2.910 100.392 3.751
201512 2.670 99.792 3.463
201603 2.500 100.470 3.220
201606 2.800 101.688 3.564
201609 3.730 101.861 4.739
201612 3.760 101.863 4.777
201703 3.380 102.862 4.253
201706 2.560 103.349 3.206
201709 3.470 104.136 4.313
201712 3.900 104.011 4.853
201803 3.460 105.290 4.253
201806 2.790 106.317 3.396
201809 3.440 106.507 4.180
201812 3.856 105.998 4.708
201903 2.370 107.251 2.860
201906 2.570 108.070 3.078
201909 3.900 108.329 4.659
201912 4.470 108.420 5.336
202003 4.510 108.902 5.360
202006 4.660 108.767 5.545
202009 5.300 109.815 6.246
202012 5.230 109.897 6.159
202103 5.390 111.754 6.242
202106 5.180 114.631 5.848
202109 6.030 115.734 6.743
202112 6.250 117.630 6.876
202203 7.820 121.301 8.343
202206 9.140 125.017 9.462
202209 10.830 125.227 11.193
202212 11.410 125.222 11.792
202303 7.980 127.348 8.110
202306 7.010 128.729 7.048
202309 8.140 129.860 8.112
202312 9.206 129.419 9.206
202403 8.700 129.419 8.700

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  (TPE:2330) 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

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Taiwan Semiconductor Manufacturing Co (TPE:2330) Business Description

Address
No. 8, Li-Hsin Road 6, Hsinchu Science Park, Hsinchu, TWN, 300-096
Taiwan Semiconductor Manufacturing Co. is the world's largest dedicated chip foundry, with almost 60% market share. 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. TSMC employs more than 73,000 people.

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