Taiwan Semiconductor Manufacturing Co (Taiwan Semiconductor Manufacturing Co) EV-to-EBIT

: 22.14 (As of Today)

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EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Taiwan Semiconductor Manufacturing Co's Enterprise Value is $703,913 Mil. Taiwan Semiconductor Manufacturing Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $31,801 Mil. Therefore, Taiwan Semiconductor Manufacturing Co's EV-to-EBIT for today is 22.14.

The historical rank and industry rank for Taiwan Semiconductor Manufacturing Co's EV-to-EBIT or its related term are showing as below:

TSM' s EV-to-EBIT Range Over the Past 10 Years
Min: 7.65 Med: 13.48 Max: 28.08
Current: 22.59

During the past 13 years, the highest EV-to-EBIT of Taiwan Semiconductor Manufacturing Co was 28.08. The lowest was 7.65. And the median was 13.48.

TSM's EV-to-EBIT is ranked better than
51.8% of 668 companies
in the Semiconductors industry
Industry Median: 23.595 vs TSM: 22.59

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Taiwan Semiconductor Manufacturing Co's Enterprise Value for the quarter that ended in Dec. 2023 was $515,619 Mil. Taiwan Semiconductor Manufacturing Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $31,801 Mil. Taiwan Semiconductor Manufacturing Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.17%.

Taiwan Semiconductor Manufacturing Co EV-to-EBIT Historical Data

The historical data trend for Taiwan Semiconductor Manufacturing Co's EV-to-EBIT 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 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EV-to-EBIT

20.81

22.68

23.19

9.47

14.77

Taiwan Semiconductor Manufacturing Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EV-to-EBIT																9.47	11.17	12.81	12.39	14.77

Competitive Comparison

For the Semiconductors subindustry, Taiwan Semiconductor Manufacturing Co's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT Distribution

For the Semiconductors industry and Technology sector, Taiwan Semiconductor Manufacturing Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Taiwan Semiconductor Manufacturing Co's EV-to-EBIT falls into.

Taiwan Semiconductor Manufacturing Co EV-to-EBIT Calculation

Taiwan Semiconductor Manufacturing Co's EV-to-EBIT for today is calculated as:

EV-to-EBIT	=	Enterprise Value (Today)	/	EBIT (TTM)
	=	703913.201	/	31800.54
	=	22.14

Taiwan Semiconductor Manufacturing Co's current Enterprise Value is $703,913 Mil.
Taiwan Semiconductor Manufacturing Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $31,801 Mil.

Taiwan Semiconductor Manufacturing Co (NYSE:TSM) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Taiwan Semiconductor Manufacturing Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Dec. 2023 )	=	EBIT	/	Enterprise Value (Q: Dec. 2023 )
	=	31800.54	/	515618.56
	=	6.17 %

Taiwan Semiconductor Manufacturing Co's Enterprise Value for the quarter that ended in Dec. 2023 was $515,619 Mil.
Taiwan Semiconductor Manufacturing Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $31,801 Mil.

Taiwan Semiconductor Manufacturing Co EV-to-EBIT Related Terms

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Taiwan Semiconductor Manufacturing Co (Taiwan Semiconductor Manufacturing Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) » Definitions » EV-to-EBIT

Comparable Companies

Traded in Other Exchanges

2330:Taiwan TSM N:Mexico 0LCV:UK TSFA:Germany TSFA:Germany TSMC34:Brazil TSFA:Austria TSM:Argentina

Address

No. 8, Li-Hsin Road 6, Hsinchu Science Park, Hsinchu, TWN, 300-096

Website

https://www.tsmc.com

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.