Taiwan Semiconductor Manufacturing Co (TPE:2330) Cyclically Adjusted Revenue per Share: NT$88.10 (As of Jun. 2026)

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TPE:2330 Taiwan Semiconductor Manufacturing Co Ltd TPE:2330
88 GF Score
Price NT$2,405.00
GF Value NT$1,780.68
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Taiwan Semiconductor Manufacturing Co Cyclically Adjusted Revenue per Share?

Taiwan Semiconductor Manufacturing Co TPE:2330 +3.66% 88 Cyclically Adjusted Revenue per Share is NT$88.10 as of Jun. 2026. GuruFocus rates TPE:2330 with a GF Score™ of 88/100 and a GF Value™ of NT$1,780.68 (Significantly Overvalued). The stock has 4 warning signs investors should review.

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 Jun. 2026 was NT$48.989. 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$88.10 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Taiwan Semiconductor Manufacturing Co's average Cyclically Adjusted Revenue Growth Rate was 21.20% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 15.80% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 17.30% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 15.10% 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 12.40% per year.

As of today (2026-08-06), Taiwan Semiconductor Manufacturing Co's current stock price is NT$2405.00. Taiwan Semiconductor Manufacturing Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was NT$88.10. Taiwan Semiconductor Manufacturing Co's Cyclically Adjusted PS Ratio of today is 27.30.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Taiwan Semiconductor Manufacturing Co was 28.88. The lowest was 7.47. And the median was 10.56.


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
=2405.00/88.10
=27.30

* 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 28.88. The lowest was 7.47. And the median was 10.56.


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


Taiwan Semiconductor Manufacturing Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

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.

Taiwan Semiconductor Manufacturing Co Cyclically Adjusted Revenue per Share Chart

Taiwan Semiconductor Manufacturing Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 41.64 50.60 57.64 66.58 78.67

Taiwan Semiconductor Manufacturing Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 72.68 75.88 78.67 83.45 88.10

TPE:2330 vs NVDA, AVGO, MU: Cyclically Adjusted Revenue per Share Comparison

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 Cyclically Adjusted PS Ratio vs 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.


TPE:2330
88GF Score
Taiwan Semiconductor Manufacturing Co Ltd TPE:2330
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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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 Jun. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=48.989/333.9520*333.9520
=48.989

Current CPI (Jun. 2026) = 333.9520.

Taiwan Semiconductor Manufacturing Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 10.043 241.428 13.892
201612 10.113 241.432 13.988
201703 9.021 243.801 12.357
201706 8.246 244.955 11.242
201709 9.723 246.819 13.155
201712 10.706 246.524 14.503
201803 9.563 249.554 12.797
201806 8.994 251.989 11.919
201809 10.040 252.439 13.282
201812 11.175 251.233 14.854
201903 8.435 254.202 11.081
201906 9.296 256.143 12.120
201909 11.300 256.759 14.697
201912 12.234 256.974 15.899
202003 11.978 258.115 15.497
202006 11.979 257.797 15.518
202009 13.746 260.280 17.637
202012 13.945 260.474 17.879
202103 13.976 264.877 17.621
202106 14.352 271.696 17.641
202109 15.992 274.310 19.469
202112 16.899 278.802 20.242
202203 18.939 287.504 21.999
202206 20.600 296.311 23.217
202209 23.647 296.808 26.606
202212 24.124 296.797 27.144
202303 19.616 301.836 21.703
202306 18.544 305.109 20.297
202309 21.085 307.789 22.877
202312 24.125 306.746 26.265
202403 22.856 312.332 24.438
202406 25.973 314.175 27.608
202409 29.300 315.301 31.033
202412 33.493 315.605 35.440
202503 32.368 319.799 33.800
202506 36.013 322.561 37.285
202509 38.177 324.800 39.253
202512 40.338 324.054 41.570
202603 43.735 330.213 44.230
202606 48.989 333.952 48.989

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

What does a Cyclically Adjusted Revenue per Share of NT$88.10 mean?
Taiwan Semiconductor Manufacturing Co (TPE:2330) has a Cyclically Adjusted Revenue per Share of NT$88.10 as of Jun. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue 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 Revenue per Share too high?
Taiwan Semiconductor Manufacturing Co's current Cyclically Adjusted Revenue per Share is NT$88.10. Overall, Taiwan Semiconductor Manufacturing Co has a GF Score™ of 88/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Semiconductor Manufacturing Co's Cyclically Adjusted Revenue per Share compare to NVDA and AVGO?
Taiwan Semiconductor Manufacturing Co's Cyclically Adjusted Revenue per Share of NT$88.10 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 Revenue per Share for a Semiconductors company?
A good Cyclically Adjusted Revenue per Share depends on the Semiconductors industry context. However, Cyclically Adjusted Revenue 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 Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue 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 Revenue per Share is NT$88.10. 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 (TPE:2330) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$1,780.68, compared to a current price of NT$2,405.00 — trading 35.1% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is NT$88.10. Taiwan Semiconductor Manufacturing Co's overall GF Score™ is 88/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Taiwan Semiconductor Manufacturing Co (TPE:2330), the current Cyclically Adjusted Revenue per Share is NT$88.10 as of Jun. 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 (TPE:2330) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Semiconductor Manufacturing Co stock appears to be overvalued. The current stock price of NT$2,405.00 is trading 35.1% above its estimated GF Value™ of NT$1,780.68. GuruFocus considers Taiwan Semiconductor Manufacturing Co to be Significantly Overvalued.

Key valuation signals for TPE:2330:

  • Cyclically Adjusted Revenue per Share: NT$88.10
  • GF Value™: NT$1,780.68 vs. price of NT$2,405.00 (35.1% above fair value)
  • GF Score™: 88/100 with 4 warning signs

No single metric tells the full story. See the TPE:2330 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


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 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.
88GF Score

Get the complete analysis for TPE:2330

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

NT$2,405.00
Price
NT$1,780.68
GF Value