Taiwan Semiconductor Manufacturing Co (LIM:TSMUS) Cyclically Adjusted Book per Share: $0.00 (As of Mar. 2026)

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LIM:TSMUS Taiwan Semiconductor Manufacturing Co Ltd LIM:TSMUS
100 GF Score
Price $427.29
GF Value $295.12
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Taiwan Semiconductor Manufacturing Co Cyclically Adjusted Book per Share?

Taiwan Semiconductor Manufacturing Co LIM:TSMUS +1.12% 100 Cyclically Adjusted Book per Share is $0.00 as of Mar. 2026. GuruFocus rates LIM:TSMUS with a GF Score™ of 100/100 and a GF Value™ of $295.12 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Note: As Cyclically Adjusted Book per Share is a main component used to calculate Cyclically Adjusted PB Ratio. If the month end stock price for this stock is zero, result may not be accurate due to the exchange rate between different shares and the data will not be stored into our database. Selected historical data showed in the calculation section below is only for demostration purpose.

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. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Taiwan Semiconductor Manufacturing Co's adjusted book value per share for the three months ended in Mar. 2026 was $227.166. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $0.00 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Taiwan Semiconductor Manufacturing Co's average Cyclically Adjusted Book Growth Rate was 18.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 16.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 17.00% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 14.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Taiwan Semiconductor Manufacturing Co was 17.40% per year. The lowest was 4.70% per year. And the median was 12.20% per year.

As of today (2026-07-15), Taiwan Semiconductor Manufacturing Co's current stock price is $427.29. Taiwan Semiconductor Manufacturing Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $0.00. Taiwan Semiconductor Manufacturing Co's Cyclically Adjusted PB Ratio of today is .

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Taiwan Semiconductor Manufacturing Co was 21.76. The lowest was 5.40. And the median was 7.65.


Taiwan Semiconductor Manufacturing Co  (LIM:TSMUS) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Taiwan Semiconductor Manufacturing Co was 21.76. The lowest was 5.40. And the median was 7.65.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Taiwan Semiconductor Manufacturing Co Cyclically Adjusted Book per Share Related Terms


Taiwan Semiconductor Manufacturing Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Taiwan Semiconductor Manufacturing Co's Cyclically Adjusted Book per Share 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.

Taiwan Semiconductor Manufacturing Co Cyclically Adjusted Book per Share Chart

Taiwan Semiconductor Manufacturing Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
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Taiwan Semiconductor Manufacturing Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Book per Share 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 0.00 0.00 0.00 0.00 0.00

LIM:TSMUS vs : Cyclically Adjusted Book per Share Comparison

For the Semiconductors subindustry, Taiwan Semiconductor Manufacturing Co's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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 Cyclically Adjusted PB Ratio vs Semiconductors Industry

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

* The bar in red indicates where Taiwan Semiconductor Manufacturing Co's Cyclically Adjusted PB Ratio falls into.


LIM:TSMUS
100GF Score
Taiwan Semiconductor Manufacturing Co Ltd LIM:TSMUS
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Taiwan Semiconductor Manufacturing Co Cyclically Adjusted Book per Share Calculation

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. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

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.

For example, Taiwan Semiconductor Manufacturing Co's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book= Book Value per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=227.166/330.2130*330.2130
=227.166

Current CPI (Mar. 2026) = 330.2130.

Taiwan Semiconductor Manufacturing Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 46.141 241.018 63.217
201609 49.483 241.428 67.680
201612 52.412 241.432 71.685
201703 56.132 243.801 76.027
201706 51.742 244.955 69.751
201709 55.175 246.819 73.817
201712 57.606 246.524 77.162
201803 61.931 249.554 81.948
201806 57.462 251.989 75.300
201809 60.746 252.439 79.461
201812 64.034 251.233 84.164
201903 67.212 254.202 87.310
201906 59.923 256.143 77.251
201909 61.197 256.759 78.704
201912 62.232 256.974 79.968
202003 64.645 258.115 82.702
202006 66.346 257.797 84.983
202009 68.929 260.280 87.449
202012 70.759 260.474 89.704
202103 74.775 264.877 93.219
202106 76.353 271.696 92.798
202109 80.061 274.310 96.377
202112 82.886 278.802 98.170
202203 89.256 287.504 102.515
202206 96.271 296.311 107.286
202209 105.589 296.808 117.473
202212 111.954 296.797 124.559
202303 118.704 301.836 129.864
202306 122.966 305.109 133.083
202309 129.120 307.789 138.527
202312 132.250 306.746 142.368
202403 140.194 312.332 148.220
202406 146.215 314.175 153.679
202409 153.860 315.301 161.137
202412 163.664 315.605 171.239
202503 176.000 319.799 181.731
202506 176.653 322.561 180.844
202509 192.742 324.800 195.954
202512 206.499 324.054 210.424
202603 227.166 330.213 227.166

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of $0.00 mean?
Taiwan Semiconductor Manufacturing Co (LIM:TSMUS) has a Cyclically Adjusted Book per Share of $0.00 as of Mar. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Taiwan Semiconductor Manufacturing Co and its competitors.
Is Taiwan Semiconductor Manufacturing Co's Cyclically Adjusted Book per Share too high?
Taiwan Semiconductor Manufacturing Co's current Cyclically Adjusted Book per Share is $0.00. Overall, Taiwan Semiconductor Manufacturing Co has a GF Score™ of 100/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Semiconductor Manufacturing Co's Cyclically Adjusted Book per Share compare to ?
Taiwan Semiconductor Manufacturing Co's Cyclically Adjusted Book per Share of $0.00 can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Semiconductors company?
A good Cyclically Adjusted Book per Share depends on the Semiconductors industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Taiwan Semiconductor Manufacturing Co and its competitors. Taiwan Semiconductor Manufacturing Co's current Cyclically Adjusted Book per Share is $0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Semiconductor Manufacturing Co stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Semiconductor Manufacturing Co (LIM:TSMUS) is currently considered Significantly Overvalued. The stock's GF Value™ is $295.12, compared to a current price of $427.29 — trading 44.8% above its estimated fair value. The current Cyclically Adjusted Book per Share is $0.00. Taiwan Semiconductor Manufacturing Co's overall GF Score™ is 100/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Taiwan Semiconductor Manufacturing Co (LIM:TSMUS), the current Cyclically Adjusted Book per Share is $0.00 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Taiwan Semiconductor Manufacturing Co (LIM:TSMUS) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Semiconductor Manufacturing Co stock appears to be overvalued. The current stock price of $427.29 is trading 44.8% above its estimated GF Value™ of $295.12. GuruFocus considers Taiwan Semiconductor Manufacturing Co to be Significantly Overvalued.

Key valuation signals for LIM:TSMUS:

  • Cyclically Adjusted Book per Share: $0.00
  • GF Value™: $295.12 vs. price of $427.29 (44.8% above fair value)
  • GF Score™: 100/100 with 6 warning signs

No single metric tells the full story. See the LIM:TSMUS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiwan Semiconductor Manufacturing Co Business Description

Comparable Companies
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 about 70% market share in 2025. TSMC was founded in 1987 as a joint venture of Philips, the government of Taiwan, and private investors. It went public in Taiwan in 1994 and as an ADR in the US 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 base of customers, including Apple, AMD, and Nvidia, that look to apply its cutting-edge process technologies to their semiconductor designs. TSMC employs more than 83,000 people.
100GF Score

Get the complete analysis for LIM:TSMUS

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$427.29
Price
$295.12
GF Value