Taiwan Semiconductor Manufacturing Co (LTS:0LCV) E10: $6.20 (As of Mar. 2026)


LTS:0LCV Taiwan Semiconductor Manufacturing Co Ltd LTS:0LCV
93 GF Score
Price $450.00
GF Value $304.05
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Taiwan Semiconductor Manufacturing Co E10?

Taiwan Semiconductor Manufacturing Co LTS:0LCV 93 E10 is $6.20 as of Mar. 2026. GuruFocus rates LTS:0LCV with a GF Score™ of 93/100 and a GF Value™ of $304.05 (Significantly Overvalued). The stock has 6 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Taiwan Semiconductor Manufacturing Co's adjusted earnings per share data for the three months ended in Mar. 2026 was $3.464. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $6.20 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Taiwan Semiconductor Manufacturing Co's average E10 Growth Rate was 25.80% per year. During the past 3 years, the average E10 Growth Rate was 18.80% per year. During the past 5 years, the average E10 Growth Rate was 20.70% per year. During the past 10 years, the average E10 Growth Rate was 17.10% 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 E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Taiwan Semiconductor Manufacturing Co was 21.50% per year. The lowest was 8.90% per year. And the median was 13.40% per year.

As of today (2026-07-05), Taiwan Semiconductor Manufacturing Co's current stock price is $450.00. Taiwan Semiconductor Manufacturing Co's E10 for the quarter that ended in Mar. 2026 was $6.20. Taiwan Semiconductor Manufacturing Co's Shiller PE Ratio of today is 72.58.

During the past 13 years, the highest Shiller PE Ratio of Taiwan Semiconductor Manufacturing Co was 73.03. The lowest was 21.51. And the median was 29.81.


Taiwan Semiconductor Manufacturing Co  (LTS:0LCV) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Taiwan Semiconductor Manufacturing Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=450.00/6.20
=72.58

* 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 Shiller P/E Ratio of Taiwan Semiconductor Manufacturing Co was 73.03. The lowest was 21.51. And the median was 29.81.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Taiwan Semiconductor Manufacturing Co E10 Related Terms


Taiwan Semiconductor Manufacturing Co E10 Historical Data

* Premium members only.

The historical data trend for Taiwan Semiconductor Manufacturing Co's E10 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 E10 Chart

Taiwan Semiconductor Manufacturing Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.84 3.08 3.82 4.71 6.03

Taiwan Semiconductor Manufacturing Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
E10 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 4.77 5.94 6.17 6.03 6.20

LTS:0LCV vs NVDA, AVGO, MU: E10 Comparison

For the Semiconductors subindustry, Taiwan Semiconductor Manufacturing Co's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs Semiconductors Industry

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

* The bar in red indicates where Taiwan Semiconductor Manufacturing Co's Shiller PE Ratio falls into.


LTS:0LCV
93GF Score
Taiwan Semiconductor Manufacturing Co Ltd LTS:0LCV
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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Taiwan Semiconductor Manufacturing Co E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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 earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=3.464/330.2130*330.2130
=3.464

Current CPI (Mar. 2026) = 330.2130.

Taiwan Semiconductor Manufacturing Co Quarterly Data

per share eps CPI Adj_EPS
201606 0.433 241.018 0.593
201609 0.593 241.428 0.811
201612 0.587 241.432 0.803
201703 0.551 243.801 0.746
201706 0.423 244.955 0.570
201709 0.576 246.819 0.771
201712 0.651 246.524 0.872
201803 0.592 249.554 0.783
201806 0.464 251.989 0.608
201809 0.560 252.439 0.733
201812 0.626 251.233 0.823
201903 0.384 254.202 0.499
201906 0.411 256.143 0.530
201909 0.628 256.759 0.808
201912 0.739 256.974 0.950
202003 0.748 258.115 0.957
202006 0.786 257.797 1.007
202009 0.908 260.280 1.152
202012 0.927 260.474 1.175
202103 0.953 264.877 1.188
202106 0.932 271.696 1.133
202109 1.088 274.310 1.310
202112 1.126 278.802 1.334
202203 1.375 287.504 1.579
202206 1.544 296.311 1.721
202209 1.731 296.808 1.926
202212 1.713 296.797 1.906
202303 1.307 301.836 1.430
202306 1.136 305.109 1.229
202309 1.270 307.789 1.363
202312 1.555 306.746 1.674
202403 1.373 312.332 1.452
202406 1.476 314.175 1.551
202409 1.962 315.301 2.055
202412 2.129 315.605 2.228
202503 2.113 319.799 2.182
202506 2.593 322.561 2.655
202509 2.871 324.800 2.919
202512 3.110 324.054 3.169
202603 3.464 330.213 3.464

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of $6.20 mean?
Taiwan Semiconductor Manufacturing Co (LTS:0LCV) has a E10 of $6.20 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Taiwan Semiconductor Manufacturing Co and its competitors.
Is Taiwan Semiconductor Manufacturing Co's E10 too high?
Taiwan Semiconductor Manufacturing Co's current E10 is $6.20. Overall, Taiwan Semiconductor Manufacturing Co has a GF Score™ of 93/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Semiconductor Manufacturing Co's E10 compare to NVDA and AVGO?
Taiwan Semiconductor Manufacturing Co's E10 of $6.20 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 E10 for a Semiconductors company?
A good E10 depends on the Semiconductors industry context. However, E10 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 E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Taiwan Semiconductor Manufacturing Co and its competitors. Taiwan Semiconductor Manufacturing Co's current E10 is $6.20. 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 (LTS:0LCV) is currently considered Significantly Overvalued. The stock's GF Value™ is $304.05, compared to a current price of $450.00 — trading 48% above its estimated fair value. The current E10 is $6.20. Taiwan Semiconductor Manufacturing Co's overall GF Score™ is 93/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Taiwan Semiconductor Manufacturing Co (LTS:0LCV), the current E10 is $6.20 as of Mar. 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 (LTS:0LCV) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Semiconductor Manufacturing Co stock appears to be overvalued. The current stock price of $450.00 is trading 48% above its estimated GF Value™ of $304.05. GuruFocus considers Taiwan Semiconductor Manufacturing Co to be Significantly Overvalued.

Key valuation signals for LTS:0LCV:

  • E10: $6.20
  • GF Value™: $304.05 vs. price of $450.00 (48% above fair value)
  • GF Score™: 93/100 with 6 warning signs

No single metric tells the full story. See the LTS:0LCV 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.
93GF Score

Get the complete analysis for LTS:0LCV

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$450.00
Price
$304.05
GF Value