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The historical rank and industry rank for Taiwan Semiconductor Manufacturing Co's Return-on-Tangible-Asset or its related term are showing as below:
LIM:TSMUS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 16.3 Med: 18.65 Max: 25.14
Current: 25.14
During the past 13 years, Taiwan Semiconductor Manufacturing Co's highest Return-on-Tangible-Asset was 25.14%. The lowest was 16.30%. And the median was 18.65%.
LIM:TSMUS's Return-on-Tangible-Asset is ranked better than 96.6% of 1028
companies
in the Semiconductors industry
Industry Median: 2.615
vs LIM:TSMUS: 25.14
Taiwan Semiconductor Manufacturing Co (LIM:TSMUS) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Taiwan Semiconductor Manufacturing Co Return-on-Tangible-Asset Related Terms
Taiwan Semiconductor Manufacturing Co Return-on-Tangible-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 Return-on-Tangible-Asset Chart
LIM:TSMUS vs : Return-on-Tangible-Asset Comparison
For the Semiconductors subindustry, Taiwan Semiconductor Manufacturing Co's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-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 Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Taiwan Semiconductor Manufacturing Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Taiwan Semiconductor Manufacturing Co's Return-on-Tangible-Asset falls into.
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 27.68% mean?
Taiwan Semiconductor Manufacturing Co (LIM:TSMUS) has a Return-on-Tangible-Asset of 27.68% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Taiwan Semiconductor Manufacturing Co and its competitors. This is 48% above median its historical median of 18.65. Over the past decade, Taiwan Semiconductor Manufacturing Co's Return-on-Tangible-Asset has ranged from 16.30 to 25.14. According to the industry distribution chart, Taiwan Semiconductor Manufacturing Co ranks #35 out of 1028 companies in the Semiconductors industry, placing it in the top 3.4%.
Is Taiwan Semiconductor Manufacturing Co's Return-on-Tangible-Asset too high?
Taiwan Semiconductor Manufacturing Co's current Return-on-Tangible-Asset of 27.68% is 48% above median its 10-year median of 18.65. Over the past 10 years, this metric has ranged from a low of 16.30 to a high of 25.14. The Semiconductors industry median Return-on-Tangible-Asset is 2.62. Taiwan Semiconductor Manufacturing Co's value of 27.68% is 958.5% above this industry median. Based on the distribution chart, Taiwan Semiconductor Manufacturing Co ranks #35 out of 1028 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Taiwan Semiconductor Manufacturing Co has a GF Score™ of 100/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Semiconductor Manufacturing Co's Return-on-Tangible-Asset compare to ?
According to the Semiconductors industry distribution chart, Taiwan Semiconductor Manufacturing Co ranks #35 out of 1028 companies for Return-on-Tangible-Asset. This places Taiwan Semiconductor Manufacturing Co in the top 3% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.62. Taiwan Semiconductor Manufacturing Co's value of 27.68% is 958.5% above this benchmark. Historically, Taiwan Semiconductor Manufacturing Co's own Return-on-Tangible-Asset has ranged from 16.30 to 25.14 over the past decade. While the company's 10-year median is 18.65 vs. the industry median of 2.62, 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 Return-on-Tangible-Asset for a Semiconductors company?
The median Return-on-Tangible-Asset among Semiconductors companies is 2.62, based on 1,028 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Taiwan Semiconductor Manufacturing Co's current Return-on-Tangible-Asset of 27.68% is 958.5% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Taiwan Semiconductor Manufacturing Co and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 2.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Semiconductor Manufacturing Co's current Return-on-Tangible-Asset is 27.68%, which is 48% above median its own 10-year median of 18.65. 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 (LIM:TSMUS) is currently considered Significantly Overvalued. The stock's GF Value™ is $295.12, compared to a current price of $427.29 — trading 44.8% above its estimated fair value. The current Return-on-Tangible-Asset is 27.68%, which is 48% above median its 10-year median of 18.65 and 958.5% above the Semiconductors industry median of 2.62. Taiwan Semiconductor Manufacturing Co's overall GF Score™ is 100/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Taiwan Semiconductor Manufacturing Co (LIM:TSMUS), the current Return-on-Tangible-Asset is 27.68% as of Mar. 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 (LIM:TSMUS) Overvalued in 2026?
Based on GuruFocus' analysis, Taiwan Semiconductor Manufacturing Co stock appears to be overvalued.
The current stock price of $427.29 is trading 44.8% above its estimated GF Value™ of $295.12.
GuruFocus considers Taiwan Semiconductor Manufacturing Co to be Significantly Overvalued.
Key valuation signals for LIM:TSMUS:
Return-on-Tangible-Asset: 27.68% (48% above median its 10-year median of 18.65)
GF Value™: $295.12 vs. price of $427.29 (44.8% above fair value)
Industry Position: 958.5% above the Semiconductors median (#35 of 1028)
No single metric tells the full story. See the LIM:TSMUS 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.
100GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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