TSM P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
TSM's p/e ratio is higher than 82% of the last 10 years.
P/E ratio History
TSM P/E ratio by year
Yearly range of TSM’s p/e ratio from 2016 to 2026. Over the full period it ranged from 11.1 to 39.9, averaging 23.2.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 27.9 | 32.9 | 39.9 | 30.5 |
| 2025 | 18.5 | 26.7 | 32.5 | 28.9 |
| 2024 | 19.1 | 29.2 | 35.2 | 28.6 |
| 2023 | 11.5 | 15.5 | 19.0 | 18.6 |
| 2022 | 11.1 | 19.8 | 33.7 | 13.1 |
| 2021 | 27.5 | 31.7 | 39.8 | 29.0 |
| 2020 | 18.3 | 25.0 | 32.7 | 31.0 |
| 2019 | 15.7 | 21.5 | 28.5 | 26.4 |
| 2018 | 16.0 | 18.5 | 21.5 | 16.7 |
| 2017 | 13.8 | 16.3 | 19.8 | 18.2 |
| 2016 | 14.9 | 15.9 | 17.2 | 15.1 |
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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.
Price / Earnings Per ShareThe chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.
- Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
- A falling P/E trend may signal a business in structural decline, not a buying opportunity.
Is TSM P/E ratio High or Low Right Now?
Taiwan Semiconductor Manufacturing Company Limited's P/E ratio is currently 30.5, which is historically pricey relative to its 10-year historical range. The 10-year median P/E ratio for TSM is approximately 22.3. See all TSM valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.