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Taiwan Semiconductor Manufacturing Co (XBUL:TSFA) Cyclically Adjusted PS Ratio : 14.27 (As of Jun. 03, 2025)


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What is Taiwan Semiconductor Manufacturing Co Cyclically Adjusted PS Ratio?

As of today (2025-06-03), Taiwan Semiconductor Manufacturing Co's current share price is лв168.80. Taiwan Semiconductor Manufacturing Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was лв11.83. Taiwan Semiconductor Manufacturing Co's Cyclically Adjusted PS Ratio for today is 14.27.

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

XBUL:TSFA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 6.49   Med: 9.86   Max: 18.66
Current: 13.6

During the past years, Taiwan Semiconductor Manufacturing Co's highest Cyclically Adjusted PS Ratio was 18.66. The lowest was 6.49. And the median was 9.86.

XBUL:TSFA's Cyclically Adjusted PS Ratio is ranked worse than
92.57% of 686 companies
in the Semiconductors industry
Industry Median: 1.855 vs XBUL:TSFA: 13.60

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Taiwan Semiconductor Manufacturing Co's adjusted revenue per share data for the three months ended in Mar. 2025 was лв8.433. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is лв11.83 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 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.

* Premium members only.

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 16.15

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 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 12.89 15.52 14.88 16.15 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 PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=168.80/11.83
=14.27

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

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

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=8.433/134.9266*134.9266
=8.433

Current CPI (Mar. 2025) = 134.9266.

Taiwan Semiconductor Manufacturing Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 2.203 100.684 2.952
201509 2.156 100.392 2.898
201512 2.057 99.792 2.781
201603 2.069 100.470 2.779
201606 2.276 101.688 3.020
201609 2.743 101.861 3.633
201612 2.715 101.863 3.596
201703 2.529 102.862 3.317
201706 2.341 103.349 3.056
201709 2.773 104.136 3.593
201712 3.071 104.011 3.984
201803 2.814 105.290 3.606
201806 2.569 106.317 3.260
201809 2.808 106.507 3.557
201812 3.119 105.998 3.970
201903 2.349 107.251 2.955
201906 2.553 108.070 3.187
201909 3.125 108.329 3.892
201912 3.474 108.420 4.323
202003 3.416 108.902 4.232
202006 3.471 108.767 4.306
202009 4.045 109.815 4.970
202012 4.249 109.897 5.217
202103 4.248 111.754 5.129
202106 4.439 114.631 5.225
202109 4.957 115.734 5.779
202112 5.233 117.630 6.002
202203 5.724 121.301 6.367
202206 5.980 125.017 6.454
202209 6.496 125.227 6.999
202212 6.763 125.222 7.287
202303 5.520 127.348 5.849
202306 5.167 128.729 5.416
202309 5.654 129.860 5.875
202312 6.632 129.419 6.914
202403 6.197 131.776 6.345
202406 6.893 132.554 7.016
202409 7.879 133.029 7.991
202412 8.834 133.157 8.951
202503 8.433 134.927 8.433

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  (XBUL:TSFA) 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

Thank you for viewing the detailed overview of Taiwan Semiconductor Manufacturing Co's Cyclically Adjusted PS 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.

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