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Taiwan Semiconductor Manufacturing Company Limited
Rule-based classification of fundamentals against the sector. Not a price forecast and not investment advice.
Strong business, valuation above the sector
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Data: SEC EDGAR filings · prices Marketstack · estimates Finnhub · updated 11 Jul 2026, 02:31 UTC
3 of 5 met · composite in line with peers
Business quality, valuation against the sector, and position in the 52-week range — whether they line up or not.
Strong fundamentals
Profitability
4/4
Debt & liquidity
2/3
Efficiency
2/2
Profitability here is genuinely hard to match in the sector: operating margin runs at 45.7%, some +56% above the sector median of 29.2%, and FCF growth year over year of 189.7% outpaces the sector median by +573%. Revenue grew 30.2% against a sector median of 11.8%, placing TSM firmly in the top quartile for growth. The F-Score of 8/9 reflects that strength — profitability signals are clean across the board, and the balance sheet shows no signs of dilution or rising long-term debt. Valuation is the counterweight: a P/E of 62.2× sits +55% above the sector median of 40.1×, and P/B of 17.0× exceeds the median by +79%; the market is pricing in continued outperformance. Consensus carries the usual optimistic lean, though the beat rate over recent quarters has been strong — the track record at least partially supports what analysts are modeling.
| Ticker | Name | F-Score | ROE | Revenue YoY | Op. margin |
|---|---|---|---|---|---|
| AAPL | Apple | 8/9 | 171% | +6% |
The market prices in earnings growth; analyst sentiment is steady; has mostly beaten consensus.
Price against next year's expected earnings. The forward P/E already carries analyst optimism — read it alongside the “Versus consensus” line.
A forward P/E below the current one means the market expects earnings to grow; above it, to fall. The historical growth is realized figures from SEC filings, not a forecast.
The three-month change in the share of positive analyst ratings. This is sentiment, not an earnings-estimate revision, and not a call to act.
When TSM reports on July 16, 2026, track whether revenue growth holds above the current 11.8% year-over-year pace and whether operating margin stays near 29.2%. A slip in either, alongside the F-Score's single profitability gap, would warrant a recheck of the valuation premium.
TSM's P/E of 40.1× and P/B of 9.51× sit well above sector medians, so the risk factors section of the annual 20-F is worth reading carefully. Focus on management's discussion of geopolitical concentration, capital expenditure commitments, and customer concentration disclosures that could pressure those multiples.
Pick two or three companies from the alphabetical same-sector table in section 06 and line up one metric — operating margin, P/E, or FCF growth — against TSM's figures. No single entry in that table is ranked; the exercise is to place TSM's 40.1× P/E and 29.2% operating margin in a fuller sector context of your own choosing.
Steps you can check yourself, based on the figures in this brief.
Piotroski F-Score: nine binary tests of financial strength from the annual report. A ✓ marks a test passed, a dot (·) a test failed.
The context on the right shows how each figure compares with the sector median. The trend below tracks the change over recent fiscal years.
Beat consensus in 8 of 8 recent quarters — the company clears estimates regularly (consensus is often set conservatively).
Last quarter's EPS against consensus, plus the estimated date of the next report.
| 32% |
| ACN | Accenture | 4/9 | 26% | +7% | 15% |
| ADBE | Adobe | 7/9 | 55% | +11% | 37% |
| AMAT | Applied Materials | 6/9 | 36% | +4% | 29% |
| AMD | Advanced Micro Devices | 7/9 | 7% | +34% | 11% |
| AVGO | Broadcom | 8/9 | 43% | +24% | 40% |
| CRM | Salesforce | 7/9 | 12% | +10% | 20% |
| CSCO | Cisco | 8/9 | 22% | +5% | 21% |
| IBM | IBM | 6/9 | 35% | +8% | — |
| INTC | Intel | 6/9 | -0% | -0% | -4% |
| INTU | Intuit | 8/9 | 20% | +16% | 26% |
| MSFT | Microsoft | 6/9 | 33% | +15% | 46% |
| NOW | ServiceNow | 3/9 | 15% | +21% | 14% |
| NVDA | NVIDIA | 3/9 | 101% | +65% | 60% |
| ORCL | Oracle | 4/9 | 54% | +17% | 31% |
| TSM | Taiwan Semiconductor Manufacturing Company Limited | 8/9 | 30% | +30% | 46% |
| TXN | Texas Instruments | 7/9 | 30% | +13% | 34% |
A sample of 17 companies in the sector including the target, alphabetical, unranked. Data from the latest SEC annual reports.
Rule-based classification of fundamentals against the sector. Not a price forecast and not investment advice.
The last few quarters are recent context, not a fixed rate. Consensus for near quarters is set low, so companies clear it routinely; over long horizons the forecasts run the other way, too high.
A description of what the market and analysts expect. Not a price forecast and not investment advice. Analyst forecasts run systematically optimistic over long horizons — read them with that discount.