TSM EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
TSM's ev/ebitda is higher than 95% of the last 10 years.
EV/EBITDA History
TSM EV/EBITDA by year
Yearly range of TSM’s ev/ebitda from 2016 to 2026. Over the full period it ranged from 6.7 to 24.1, averaging 12.5.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 17.1 | 20.1 | 24.1 | 21.6 |
| 2025 | 10.2 | 14.6 | 17.8 | 16.5 |
| 2024 | 10.3 | 15.5 | 18.7 | 15.7 |
| 2023 | 7.1 | 9.3 | 10.8 | 10.6 |
| 2022 | 6.7 | 11.1 | 18.2 | 7.9 |
| 2021 | 14.7 | 17.2 | 21.9 | 15.6 |
| 2020 | 9.6 | 13.4 | 18.3 | 17.0 |
| 2019 | 7.4 | 9.8 | 13.4 | 12.9 |
| 2018 | 7.6 | 8.9 | 10.6 | 7.9 |
| 2017 | 7.1 | 8.4 | 10.1 | 9.3 |
| 2016 | 7.3 | 7.7 | 8.1 | 7.4 |
Get notified when TSM EV/EBITDA crosses a threshold
Free — one alert setup, notifications by push, Telegram, or Discord.
An acquisition-style valuation multiple: Enterprise Value (market cap + net debt) divided by operating earnings before accounting adjustments. Compares companies fairly regardless of their capital structure.
(Market Cap + Net Debt) / EBITDAUnlike P/E, this metric accounts for debt — two companies with identical operations but different leverage will show similar EV/EBITDA. Low vs history suggests the total business is modestly priced.
- EBITDA ignores capital expenditure. For asset-heavy businesses (airlines, mining, utilities), this understates the real cost — use EV/EBIT or EV/FCF instead.
- Large acquisitions temporarily spike net debt and can distort the ratio for 1–2 years during integration.
Is TSM EV/EBITDA High or Low Right Now?
Taiwan Semiconductor Manufacturing Company Limited's EV/EBITDA is currently 21.6, which is near historic high relative to its 10-year historical range. The 10-year median EV/EBITDA for TSM is approximately 11.3. See all TSM valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.