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TSM'
s Price-to-Net-Cash Range Over the Past 10 Years
Min: 19.52 Med: 62.1 Max: 746.53
Current: 97.13
During the past 13 years, the highest Price-to-Net-Cash Ratio of Taiwan Semiconductor Manufacturing Co was 746.53. The lowest was 19.52. And the median was 62.10.
TSM's Price-to-Net-Cash is ranked worse than 88.27% of 341
companies
in the Semiconductors industry
Industry Median: 15.05
vs TSM: 97.13
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) Net Cash per Share Explanation
Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.
Taiwan Semiconductor Manufacturing Co Net Cash per Share Related Terms
Taiwan Semiconductor Manufacturing Co Net Cash per Share 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 Net Cash per Share Chart
TSM vs NVDA, AVGO, MU: Net Cash per Share Comparison
For the Semiconductors subindustry, Taiwan Semiconductor Manufacturing Co's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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 Price-to-Net-Cash vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Taiwan Semiconductor Manufacturing Co's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Taiwan Semiconductor Manufacturing Co's Price-to-Net-Cash falls into.
Taiwan Semiconductor Manufacturing Co Net Cash per Share Calculation
In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.
* 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 Net Cash per Share of $3.99 as of Jun. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Taiwan Semiconductor Manufacturing Co and its competitors. According to the industry distribution chart, Taiwan Semiconductor Manufacturing Co ranks #301 out of 341 companies in the Semiconductors industry, placing it in the top 88.3%.
Is Taiwan Semiconductor Manufacturing Co's Net Cash per Share too high?
Taiwan Semiconductor Manufacturing Co's current Net Cash per Share is $3.99. The Semiconductors industry median Net Cash per Share is 15.05. Taiwan Semiconductor Manufacturing Co's value of $3.99 is 73.5% below this industry median. Based on the distribution chart, Taiwan Semiconductor Manufacturing Co ranks #301 out of 341 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. 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 Net Cash per Share compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Taiwan Semiconductor Manufacturing Co ranks #301 out of 341 companies for Net Cash per Share. This places Taiwan Semiconductor Manufacturing Co in the lower half of its industry. The industry median Net Cash per Share is 15.05. Taiwan Semiconductor Manufacturing Co's value of $3.99 is 73.5% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Cash per Share for a Semiconductors company?
The median Net Cash per Share among Semiconductors companies is 15.05, based on 341 companies in the industry. Companies in the top quartile (top 25%) have a Net Cash per Share significantly above this median, while those in the bottom quartile fall well below. However, Net Cash per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Taiwan Semiconductor Manufacturing Co's current Net Cash per Share of $3.99 is 73.5% below 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 Net Cash per Share mean?
A high Net Cash per Share can signal that a stock is expensive relative to its fundamentals. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Taiwan Semiconductor Manufacturing Co and its competitors. For the Semiconductors industry, the median Net Cash per Share is 15.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Semiconductor Manufacturing Co's current Net Cash per Share is $3.99. 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 $317.72, compared to a current price of $421.76 — trading 32.7% above its estimated fair value. The current Net Cash per Share is $3.99 and 73.5% below the Semiconductors industry median of 15.05. Taiwan Semiconductor Manufacturing Co's overall GF Score™ is 97/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Cash per Share calculated?
Net Cash per Share is calculated from a company's financial statements. For Taiwan Semiconductor Manufacturing Co (TSM), the current Net Cash per Share is $3.99 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 $421.76 is trading 32.7% above its estimated GF Value™ of $317.72.
GuruFocus considers Taiwan Semiconductor Manufacturing Co to be Significantly Overvalued.
Key valuation signals for TSM:
Net Cash per Share: $3.99
GF Value™: $317.72 vs. price of $421.76 (32.7% above fair value)
Industry Position: 73.5% below the Semiconductors median (#301 of 341)
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
Net Cash per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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