GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Taiwan Semiconductor Manufacturing Co Ltd (MEX:TSM N) » Definitions » Cyclically Adjusted PB Ratio

Taiwan Semiconductor Manufacturing Co (MEX:TSM N) Cyclically Adjusted PB Ratio : 12.15 (As of Jun. 28, 2025)


View and export this data going back to 2004. Start your Free Trial

What is Taiwan Semiconductor Manufacturing Co Cyclically Adjusted PB Ratio?

As of today (2025-06-28), Taiwan Semiconductor Manufacturing Co's current share price is MXN4294.00. Taiwan Semiconductor Manufacturing Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was MXN353.46. Taiwan Semiconductor Manufacturing Co's Cyclically Adjusted PB Ratio for today is 12.15.

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

MEX:TSM N' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.73   Med: 7.23   Max: 13.45
Current: 11.29

During the past years, Taiwan Semiconductor Manufacturing Co's highest Cyclically Adjusted PB Ratio was 13.45. The lowest was 4.73. And the median was 7.23.

MEX:TSM N's Cyclically Adjusted PB Ratio is ranked worse than
92.57% of 713 companies
in the Semiconductors industry
Industry Median: 2.01 vs MEX:TSM N: 11.29

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.

Taiwan Semiconductor Manufacturing Co's adjusted book value per share data for the three months ended in Mar. 2025 was MXN545.900. 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 MXN353.46 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Taiwan Semiconductor Manufacturing Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Taiwan Semiconductor Manufacturing Co's Cyclically Adjusted PB 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 Cyclically Adjusted PB Ratio Chart

Taiwan Semiconductor Manufacturing Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.94 10.78 6.64 7.56 11.81

Taiwan Semiconductor Manufacturing Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PB 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 9.44 11.33 10.85 11.81 9.56

Competitive Comparison of Taiwan Semiconductor Manufacturing Co's Cyclically Adjusted PB Ratio

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's Cyclically Adjusted PB Ratio Distribution in the 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.


;
;

Taiwan Semiconductor Manufacturing Co Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Taiwan Semiconductor Manufacturing Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4294.00/353.46
=12.15

* 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 Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Taiwan Semiconductor Manufacturing Co's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=545.9/134.9266*134.9266
=545.900

Current CPI (Mar. 2025) = 134.9266.

Taiwan Semiconductor Manufacturing Co Quarterly Data

Book Value per Share CPI Adj_Book
201506 104.436 100.684 139.955
201509 114.793 100.392 154.282
201512 120.732 99.792 163.238
201603 130.375 100.470 175.087
201606 132.091 101.688 175.267
201609 152.081 101.861 201.449
201612 168.836 101.863 223.639
201703 172.422 102.862 226.170
201706 154.544 103.349 201.764
201709 166.164 104.136 215.296
201712 188.845 104.011 244.976
201803 192.667 105.290 246.899
201806 187.652 106.317 238.149
201809 184.906 106.507 234.246
201812 204.227 105.998 259.964
201903 211.265 107.251 265.782
201906 183.935 108.070 229.646
201909 194.395 108.329 242.123
201912 193.942 108.420 241.357
202003 251.538 108.902 311.650
202006 258.227 108.767 320.332
202009 260.765 109.815 320.395
202012 249.538 109.897 306.372
202103 270.350 111.754 326.407
202106 273.558 114.631 321.991
202109 296.927 115.734 346.167
202112 306.385 117.630 351.438
202203 312.537 121.301 347.644
202206 327.128 125.017 353.059
202209 339.518 125.227 365.817
202212 356.035 125.222 383.628
202303 350.356 127.348 371.207
202306 341.776 128.729 358.231
202309 350.949 129.860 364.643
202312 359.158 129.419 374.441
202403 367.074 131.776 375.850
202406 413.671 132.554 421.076
202409 474.020 133.029 480.782
202412 523.931 133.157 530.893
202503 545.900 134.927 545.900

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


Taiwan Semiconductor Manufacturing Co  (MEX:TSM N) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Taiwan Semiconductor Manufacturing Co Cyclically Adjusted PB Ratio Related Terms

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


Taiwan Semiconductor Manufacturing Co 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 mid-60s market share in 2024. 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 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.

Taiwan Semiconductor Manufacturing Co Headlines

No Headlines