HAM:TSFA's PB Ratio is ranked worse than 83.5% of 1000
companies
in the Semiconductors industry
Industry Median: 3.765
vs HAM:TSFA: 10.30
During the past 12 months, Taiwan Semiconductor Manufacturing Co's average Book Value Per Share Growth Rate was 29.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 22.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 24.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 15.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Taiwan Semiconductor Manufacturing Co was 41.80% per year. The lowest was 2.30% per year. And the median was 13.35% per year.
Back to Basics: PB Ratio
Taiwan Semiconductor Manufacturing Co (HAM:TSFA) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Taiwan Semiconductor Manufacturing Co PB Ratio Related Terms
Taiwan Semiconductor Manufacturing Co PB Ratio 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 PB Ratio Chart
For the Semiconductors subindustry, Taiwan Semiconductor Manufacturing Co's PB Ratio, along with its competitors' market caps and PB 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 PB Ratio vs Semiconductors Industry
Taiwan Semiconductor Manufacturing Co PB Ratio Calculation
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Taiwan Semiconductor Manufacturing Co (HAM:TSFA) has a PB Ratio of 11.87 as of Jun. 27, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Taiwan Semiconductor Manufacturing Co and its competitors. This is 144% above median its historical median of 4.87. Over the past decade, Taiwan Semiconductor Manufacturing Co's PB Ratio has ranged from 3.25 to 10.61. According to the industry distribution chart, Taiwan Semiconductor Manufacturing Co ranks #835 out of 1000 companies in the Semiconductors industry, placing it in the top 83.5%.
Is Taiwan Semiconductor Manufacturing Co's PB Ratio too high?
Taiwan Semiconductor Manufacturing Co's current PB Ratio of 11.87 is 144% above median its 10-year median of 4.87. Over the past 10 years, this metric has ranged from a low of 3.25 to a high of 10.61. The Semiconductors industry median PB Ratio is 3.77. Taiwan Semiconductor Manufacturing Co's value of 11.87 is 215.3% above this industry median. Based on the distribution chart, Taiwan Semiconductor Manufacturing Co ranks #835 out of 1000 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Taiwan Semiconductor Manufacturing Co has a GF Score™ of 88/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Semiconductor Manufacturing Co's PB Ratio compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Taiwan Semiconductor Manufacturing Co ranks #835 out of 1000 companies for PB Ratio. This places Taiwan Semiconductor Manufacturing Co in the lower half of its industry. The industry median PB Ratio is 3.77. Taiwan Semiconductor Manufacturing Co's value of 11.87 is 215.3% above this benchmark. Historically, Taiwan Semiconductor Manufacturing Co's own PB Ratio has ranged from 3.25 to 10.61 over the past decade. While the company's 10-year median is 4.87 vs. the industry median of 3.77, 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 PB Ratio for a Semiconductors company?
The median PB Ratio among Semiconductors companies is 3.77, based on 1,000 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Taiwan Semiconductor Manufacturing Co's current PB Ratio of 11.87 is 215.3% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Taiwan Semiconductor Manufacturing Co and its competitors. For the Semiconductors industry, the median PB Ratio is 3.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Semiconductor Manufacturing Co's current PB Ratio is 11.87, which is 144% above median its own 10-year median of 4.87. 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 (HAM:TSFA) is currently considered Significantly Overvalued. The stock's GF Value™ is €256.38, compared to a current price of €366.00 — trading 42.8% above its estimated fair value. The current PB Ratio is 11.87, which is 144% above median its 10-year median of 4.87 and 215.3% above the Semiconductors industry median of 3.77. Taiwan Semiconductor Manufacturing Co's overall GF Score™ is 88/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Taiwan Semiconductor Manufacturing Co (HAM:TSFA), the current PB Ratio is 11.87 as of Jun. 27, 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 (HAM:TSFA) Overvalued in 2026?
Based on GuruFocus' analysis, Taiwan Semiconductor Manufacturing Co stock appears to be overvalued.
The current stock price of €366.00 is trading 42.8% above its estimated GF Value™ of €256.38.
GuruFocus considers Taiwan Semiconductor Manufacturing Co to be Significantly Overvalued.
Key valuation signals for HAM:TSFA:
PB Ratio: 11.87 (144% above median its 10-year median of 4.87)
GF Value™: €256.38 vs. price of €366.00 (42.8% above fair value)
Industry Position: 215.3% above the Semiconductors median (#835 of 1000)
No single metric tells the full story. See the HAM:TSFA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taiwan Semiconductor Manufacturing Co Business Description
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.
88GF Score
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