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Taiwan Semiconductor Manufacturing Co (MEX:TSM N) Cyclically Adjusted PS Ratio : (As of Jul. 18, 2025)


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What is Taiwan Semiconductor Manufacturing Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Taiwan Semiconductor Manufacturing Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Taiwan Semiconductor Manufacturing Co's Cyclically Adjusted PS 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.

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Taiwan Semiconductor Manufacturing Co Cyclically Adjusted PS Ratio Chart

Taiwan Semiconductor Manufacturing Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.16 14.77 8.86 10.29 16.14

Taiwan Semiconductor Manufacturing Co Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25
Cyclically Adjusted PS 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 15.52 14.88 16.14 13.08 -

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

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

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

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


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Taiwan Semiconductor Manufacturing Co Cyclically Adjusted PS Ratio Calculation

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

Taiwan Semiconductor Manufacturing Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2025 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2025 (Change)*Current CPI (Jun. 2025)
=114.456/135.3468*135.3468
=114.456

Current CPI (Jun. 2025) = 135.3468.

Taiwan Semiconductor Manufacturing Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201509 21.196 100.392 28.576
201512 20.580 99.792 27.912
201603 20.724 100.470 27.918
201606 24.488 101.688 32.594
201609 30.866 101.861 41.013
201612 32.577 101.863 43.286
201703 27.710 102.862 36.461
201706 24.628 103.349 32.253
201709 29.280 104.136 38.056
201712 35.096 104.011 45.669
201803 29.749 105.290 38.242
201806 29.372 106.317 37.392
201809 30.560 106.507 38.835
201812 35.641 105.998 45.509
201903 26.512 107.251 33.457
201906 28.535 108.070 35.737
201909 35.897 108.329 44.850
201912 38.127 108.420 47.596
202003 46.607 108.902 57.925
202006 46.625 108.767 58.019
202009 52.002 109.815 64.092
202012 49.179 109.897 60.568
202103 50.532 111.754 61.200
202106 51.419 114.631 60.711
202109 59.309 115.734 69.360
202112 62.466 117.630 71.875
202203 66.316 121.301 73.995
202206 69.998 125.017 75.782
202209 76.035 125.227 82.180
202212 76.720 125.222 82.923
202303 57.897 127.348 61.534
202306 51.543 128.729 54.193
202309 57.310 129.860 59.732
202312 65.516 129.419 68.517
202403 59.844 131.776 61.466
202406 73.483 132.554 75.031
202409 90.268 133.029 91.841
202412 107.219 133.157 108.982
202503 100.395 134.927 100.708
202506 114.456 135.347 114.456

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Taiwan Semiconductor Manufacturing Co Cyclically Adjusted PS Ratio Related Terms

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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.

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