Taiwan Semiconductor Co (ROCO:5425) PB Ratio: 2.97 (As of Jul. 22, 2026) — 32% Above Median

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ROCO:5425 Taiwan Semiconductor Co Ltd ROCO:5425
82 GF Score
Price NT$92.80
GF Value NT$87.67
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Taiwan Semiconductor Co PB Ratio?

Taiwan Semiconductor Co ROCO:5425 +3.69% 82 PB Ratio is 2.97 as of Jul. 22, 2026, which is 32% above its 10-year median of 2.25. GuruFocus rates ROCO:5425 with a GF Score™ of 82/100 and a GF Value™ of NT$87.67 (Fairly Valued). The stock has 4 warning signs investors should review. Among 998 Semiconductors companies, Taiwan Semiconductor Co ranks better than 55.41% on this metric.

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. As of today (2026-07-22), Taiwan Semiconductor Co's share price is NT$92.80. Taiwan Semiconductor Co's Book Value per Share for the quarter that ended in Dec. 2025 was NT$31.26. Hence, Taiwan Semiconductor Co's PB Ratio of today is 2.97.

The historical rank and industry rank for Taiwan Semiconductor Co's PB Ratio or its related term are showing as below:

ROCO:5425' s PB Ratio Range Over the Past 10 Years
Min: 1.18   Med: 2.25   Max: 4.19
Current: 2.97

During the past 13 years, Taiwan Semiconductor Co's highest PB Ratio was 4.19. The lowest was 1.18. And the median was 2.25.

ROCO:5425's PB Ratio is ranked better than
55.41% of 998 companies
in the Semiconductors industry
Industry Median: 3.24 vs ROCO:5425: 2.97

During the past 12 months, Taiwan Semiconductor Co's average Book Value Per Share Growth Rate was -0.70% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -1.20% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 4.30% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 3.90% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Taiwan Semiconductor Co was 11.00% per year. The lowest was -1.20% per year. And the median was 3.60% per year.

Back to Basics: PB Ratio


Taiwan Semiconductor Co  (ROCO:5425) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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 Co PB Ratio Related Terms


Taiwan Semiconductor Co PB Ratio Historical Data

* Premium members only.

The historical data trend for Taiwan Semiconductor Co's PB Ratio 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 Co PB Ratio Chart

Taiwan Semiconductor Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.80 2.29 2.94 1.69 1.65

Taiwan Semiconductor Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
PB Ratio 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 1.69 1.44 1.72 1.87 1.65

ROCO:5425 vs NVDA, AVGO, MU: PB Ratio Comparison

For the Semiconductors subindustry, Taiwan Semiconductor 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 Co PB Ratio vs Semiconductors Industry

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

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


ROCO:5425
82GF Score
Taiwan Semiconductor Co Ltd ROCO:5425
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Taiwan Semiconductor 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.

Taiwan Semiconductor Co's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2025)
=92.80/31.256
=2.97

* 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.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 2.97 mean?
Taiwan Semiconductor Co (ROCO:5425) has a PB Ratio of 2.97 as of Jul. 22, 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 Co and its competitors. This is 32% above median its historical median of 2.25. Over the past decade, Taiwan Semiconductor Co's PB Ratio has ranged from 1.18 to 4.19. According to the industry distribution chart, Taiwan Semiconductor Co ranks #445 out of 998 companies in the Semiconductors industry, placing it in the top 44.6%.
Is Taiwan Semiconductor Co's PB Ratio too high?
Taiwan Semiconductor Co's current PB Ratio of 2.97 is 32% above median its 10-year median of 2.25. Over the past 10 years, this metric has ranged from a low of 1.18 to a high of 4.19. The Semiconductors industry median PB Ratio is 3.24. Taiwan Semiconductor Co's value of 2.97 is 8.3% below this industry median. Based on the distribution chart, Taiwan Semiconductor Co ranks #445 out of 998 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Taiwan Semiconductor Co has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Semiconductor Co's PB Ratio compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Taiwan Semiconductor Co ranks #445 out of 998 companies for PB Ratio. This puts Taiwan Semiconductor Co in the upper half of its industry. The industry median PB Ratio is 3.24. Taiwan Semiconductor Co's value of 2.97 is 8.3% below this benchmark. Historically, Taiwan Semiconductor Co's own PB Ratio has ranged from 1.18 to 4.19 over the past decade. While the company's 10-year median is 2.25 vs. the industry median of 3.24, Taiwan Semiconductor Co has consistently been below 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 3.24, based on 998 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 Co's current PB Ratio of 2.97 is 8.3% 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 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 Co and its competitors. For the Semiconductors industry, the median PB Ratio is 3.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Semiconductor Co's current PB Ratio is 2.97, which is 32% above median its own 10-year median of 2.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Semiconductor Co stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Semiconductor Co (ROCO:5425) is currently considered Fairly Valued. The stock's GF Value™ is NT$87.67, compared to a current price of NT$92.80 — trading 5.9% above its estimated fair value. The current PB Ratio is 2.97, which is 32% above median its 10-year median of 2.25 and 8.3% below the Semiconductors industry median of 3.24. Taiwan Semiconductor Co's overall GF Score™ is 82/100 with 4 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 Co (ROCO:5425), the current PB Ratio is 2.97 as of Jul. 22, 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 Co (ROCO:5425) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Semiconductor Co stock appears to be overvalued. The current stock price of NT$92.80 is trading 5.9% above its estimated GF Value™ of NT$87.67. GuruFocus considers Taiwan Semiconductor Co to be Fairly Valued.

Key valuation signals for ROCO:5425:

  • PB Ratio: 2.97 (32% above median its 10-year median of 2.25)
  • GF Value™: NT$87.67 vs. price of NT$92.80 (5.9% above fair value)
  • GF Score™: 82/100 with 4 warning signs
  • Industry Position: 8.3% below the Semiconductors median (#445 of 998)

No single metric tells the full story. See the ROCO:5425 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiwan Semiconductor Co Business Description

Address Beixin Road, 11th Floor, No. 205, Section 3, Xindian District, New Taipei, TWN, 231
Taiwan Semiconductor Co Ltd is a company that is mainly engaged in the manufacturing and sale of semiconductor devices. The company's segment includes Rectifiers and Bar Code Printers. It generates maximum revenue from the Rectifiers segment. Its product portfolio includes Bridge Rectifier, Diode, DIAC and Thyristor, ESD Protection, Photocoupler, Transistor, Hall Effect Sensors, Voltage Reference, Switching Regulator, Linear Voltage Regulator, Amplifier and Comparator, and others.
82GF Score

Get the complete analysis for ROCO:5425

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

NT$92.80
Price
NT$87.67
GF Value