Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
TSM'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.57 Med: 0.68 Max: 0.8
Current: 0.69
During the past 13 years, the highest Equity to Asset Ratio of Taiwan Semiconductor Manufacturing Co was 0.80. The lowest was 0.57. And the median was 0.68.
TSM's Equity-to-Asset is ranked better than 60.29% of 1030
companies
in the Semiconductors industry
Industry Median: 0.63
vs TSM: 0.69
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Taiwan Semiconductor Manufacturing Co Equity-to-Asset Related Terms
Taiwan Semiconductor Manufacturing Co Equity-to-Asset Historical Data
* 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 Equity-to-Asset Chart
For the Semiconductors subindustry, Taiwan Semiconductor Manufacturing Co's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Taiwan Semiconductor Manufacturing Co's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Taiwan Semiconductor Manufacturing Co's Equity-to-Asset falls into.
Taiwan Semiconductor Manufacturing Co Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
* 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 (TSM) has a Equity-to-Asset of 0.69 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Taiwan Semiconductor Manufacturing Co and its competitors. This is near median its historical median of 0.68. Over the past decade, Taiwan Semiconductor Manufacturing Co's Equity-to-Asset has ranged from 0.57 to 0.80. According to the industry distribution chart, Taiwan Semiconductor Manufacturing Co ranks #409 out of 1030 companies in the Semiconductors industry, placing it in the top 39.7%.
Is Taiwan Semiconductor Manufacturing Co's Equity-to-Asset too high?
Taiwan Semiconductor Manufacturing Co's current Equity-to-Asset of 0.69 is near median its 10-year median of 0.68. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 0.80. The Semiconductors industry median Equity-to-Asset is 0.63. Taiwan Semiconductor Manufacturing Co's value of 0.69 is 9.5% above this industry median. Based on the distribution chart, Taiwan Semiconductor Manufacturing Co ranks #409 out of 1030 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Taiwan Semiconductor Manufacturing Co has a GF Score™ of 97/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Semiconductor Manufacturing Co's Equity-to-Asset compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Taiwan Semiconductor Manufacturing Co ranks #409 out of 1030 companies for Equity-to-Asset. This puts Taiwan Semiconductor Manufacturing Co in the upper half of its industry. The industry median Equity-to-Asset is 0.63. Taiwan Semiconductor Manufacturing Co's value of 0.69 is 9.5% above this benchmark. Historically, Taiwan Semiconductor Manufacturing Co's own Equity-to-Asset has ranged from 0.57 to 0.80 over the past decade. While the company's 10-year median is 0.68 vs. the industry median of 0.63, Taiwan Semiconductor Manufacturing Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for a Semiconductors company?
The median Equity-to-Asset among Semiconductors companies is 0.63, based on 1,030 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Taiwan Semiconductor Manufacturing Co's current Equity-to-Asset of 0.69 is 9.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Taiwan Semiconductor Manufacturing Co and its competitors. For the Semiconductors industry, the median Equity-to-Asset is 0.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Semiconductor Manufacturing Co's current Equity-to-Asset is 0.69, which is near median its own 10-year median of 0.68. 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 (TSM) is currently considered Significantly Overvalued. The stock's GF Value™ is $306.53, compared to a current price of $414.00 — trading 35.1% above its estimated fair value. The current Equity-to-Asset is 0.69, which is near median its 10-year median of 0.68 and 9.5% above the Semiconductors industry median of 0.63. Taiwan Semiconductor Manufacturing Co's overall GF Score™ is 97/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Taiwan Semiconductor Manufacturing Co (TSM), the current Equity-to-Asset is 0.69 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 (TSM) Overvalued in 2026?
Based on GuruFocus' analysis, Taiwan Semiconductor Manufacturing Co stock appears to be overvalued.
The current stock price of $414.00 is trading 35.1% above its estimated GF Value™ of $306.53.
GuruFocus considers Taiwan Semiconductor Manufacturing Co to be Significantly Overvalued.
Key valuation signals for TSM:
Equity-to-Asset: 0.69 (near median its 10-year median of 0.68)
GF Value™: $306.53 vs. price of $414.00 (35.1% above fair value)
Industry Position: 9.5% above the Semiconductors median (#409 of 1030)
No single metric tells the full story. See the TSM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
97GF Score
Get the complete analysis for TSM
Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSM has been successfully added to your 
