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Taiwan Semiconductor Manufacturing Co (BSP:TSMC34) Cyclically Adjusted Revenue per Share : R$6.50 (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 R$0.449. 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 R$6.50 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 (2024-04-27), Taiwan Semiconductor Manufacturing Co's current stock price is R$88.14. Taiwan Semiconductor Manufacturing Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was R$6.50. Taiwan Semiconductor Manufacturing Co's Cyclically Adjusted PS Ratio of today is 13.56.

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 2.81 4.66 5.70 5.60 6.14

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 5.81 5.71 5.88 6.14 6.50

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)
=0.449/129.4194*129.4194
=0.449

Current CPI (Mar. 2024) = 129.4194.

Taiwan Semiconductor Manufacturing Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.066 100.560 0.085
201409 0.078 100.428 0.101
201412 0.090 99.070 0.118
201503 0.107 99.621 0.139
201506 0.100 100.684 0.129
201509 0.122 100.392 0.157
201512 0.116 99.792 0.150
201603 0.111 100.470 0.143
201606 0.113 101.688 0.144
201609 0.130 101.861 0.165
201612 0.132 101.863 0.168
201703 0.115 102.862 0.145
201706 0.112 103.349 0.140
201709 0.126 104.136 0.157
201712 0.147 104.011 0.183
201803 0.134 105.290 0.165
201806 0.141 106.317 0.172
201809 0.168 106.507 0.204
201812 0.176 105.998 0.215
201903 0.131 107.251 0.158
201906 0.143 108.070 0.171
201909 0.187 108.329 0.223
201912 0.207 108.420 0.247
202003 0.243 108.902 0.289
202006 0.262 108.767 0.312
202009 0.318 109.815 0.375
202012 0.318 109.897 0.374
202103 0.348 111.754 0.403
202106 0.325 114.631 0.367
202109 0.381 115.734 0.426
202112 0.430 117.630 0.473
202203 0.414 121.301 0.442
202206 0.439 125.017 0.454
202209 0.496 125.227 0.513
202212 0.516 125.222 0.533
202303 0.418 127.348 0.425
202306 0.365 128.729 0.367
202309 0.406 129.860 0.405
202312 0.473 129.419 0.473
202403 0.449 129.419 0.449

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


Taiwan Semiconductor Manufacturing Co  (BSP:TSMC34) 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
=88.14/6.5
=13.56

* 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 (BSP:TSMC34) 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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