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Taiwan Semiconductor Manufacturing Co (TPE:2330) Cyclically Adjusted Revenue per Share : NT$59.18 (As of Mar. 2024)


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What is Taiwan Semiconductor Manufacturing Co Cyclically Adjusted Revenue per Share?

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 Revenue per Share and 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 for the three months ended in Mar. 2024 was NT$22.856. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is NT$59.18 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Taiwan Semiconductor Manufacturing Co's average Cyclically Adjusted Revenue Growth Rate was 12.20% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 18.10% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 16.20% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 13.90% 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 Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Taiwan Semiconductor Manufacturing Co was 18.10% per year. The lowest was 9.60% per year. And the median was 12.30% per year.

As of today (2024-04-30), Taiwan Semiconductor Manufacturing Co's current stock price is NT$795.00. Taiwan Semiconductor Manufacturing Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was NT$59.18. Taiwan Semiconductor Manufacturing Co's Cyclically Adjusted PS Ratio of today is 13.43.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Taiwan Semiconductor Manufacturing Co was 18.66. The lowest was 6.48. And the median was 9.05.


Taiwan Semiconductor Manufacturing Co Cyclically Adjusted Revenue per Share Historical Data

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

* Premium members only.

Taiwan Semiconductor Manufacturing Co Cyclically Adjusted Revenue per Share Chart

Taiwan Semiconductor Manufacturing Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.27 34.95 41.64 50.60 57.64

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
Cyclically Adjusted Revenue 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 52.75 54.40 56.16 57.64 59.18

Competitive Comparison of Taiwan Semiconductor Manufacturing Co's Cyclically Adjusted Revenue per Share

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.



Taiwan Semiconductor Manufacturing Co Cyclically Adjusted Revenue 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 Revenue per Share and 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.

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

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue 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 Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

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

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

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=22.856/129.4194*129.4194
=22.856

Current CPI (Mar. 2024) = 129.4194.

Taiwan Semiconductor Manufacturing Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 7.058 100.560 9.084
201409 8.062 100.428 10.389
201412 8.582 99.070 11.211
201503 8.562 99.621 11.123
201506 7.923 100.684 10.184
201509 8.196 100.392 10.566
201512 7.849 99.792 10.179
201603 7.846 100.470 10.107
201606 8.554 101.688 10.887
201609 10.043 101.861 12.760
201612 10.113 101.863 12.849
201703 9.021 102.862 11.350
201706 8.246 103.349 10.326
201709 9.723 104.136 12.084
201712 10.706 104.011 13.321
201803 9.563 105.290 11.755
201806 8.994 106.317 10.948
201809 10.040 106.507 12.200
201812 11.175 105.998 13.644
201903 8.435 107.251 10.179
201906 9.296 108.070 11.132
201909 11.300 108.329 13.500
201912 12.234 108.420 14.604
202003 11.978 108.902 14.235
202006 11.979 108.767 14.254
202009 13.746 109.815 16.200
202012 13.945 109.897 16.422
202103 13.976 111.754 16.185
202106 14.352 114.631 16.203
202109 15.992 115.734 17.883
202112 16.899 117.630 18.593
202203 18.939 121.301 20.207
202206 20.600 125.017 21.325
202209 23.647 125.227 24.439
202212 24.124 125.222 24.933
202303 19.616 127.348 19.935
202306 18.544 128.729 18.643
202309 21.085 129.860 21.014
202312 24.125 129.419 24.125
202403 22.856 129.419 22.856

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Taiwan Semiconductor Manufacturing Co  (TPE:2330) Cyclically Adjusted Revenue per Share Explanation

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

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS 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 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 Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=795.00/59.18
=13.43

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Taiwan Semiconductor Manufacturing Co was 18.66. The lowest was 6.48. And the median was 9.05.


Be Aware

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


Taiwan Semiconductor Manufacturing Co Cyclically Adjusted Revenue per Share 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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