Last 48 quarters of trend data · Technology · Semiconductors
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 43.03 | 0.88 | 0.76 | 0.77 | 0.79 | 0.78 | 0.59 | 0.68 | 0.71 | 0.90 | 0.77 | 0.59 | 0.53 | 0.71 | 0.58 | 0.34 | 0.30 | 0.44 | 0.65 | 0.95 | 0.93 |
| — | +12.4% | +28.4% | +14.3% | +11.0% | -13.7% | -23.3% | +15.1% | +34.4% | +26.9% | +32.0% | +73.2% | +73.5% | +60.2% | -10.4% | -64.2% | -67.3% | -61.6% | -39.9% | -5.5% | +19.2% | |
| P/S Ratio | 19.31 | 0.49 | 0.39 | 0.37 | 0.37 | 0.31 | 0.26 | 0.29 | 0.30 | 0.33 | 0.30 | 0.22 | 0.21 | 0.27 | 0.24 | 0.15 | 0.14 | 0.20 | 0.28 | 0.36 | 0.35 |
| — | +55.0% | +50.7% | +26.6% | +23.4% | -6.0% | -13.8% | +36.7% | +43.8% | +23.0% | +25.5% | +39.6% | +42.1% | +37.1% | -13.9% | -56.6% | -58.5% | -52.6% | -34.9% | -9.0% | +18.4% | |
| P/B Ratio | 13.77 | 0.38 | 0.30 | 0.29 | 0.29 | 0.25 | 0.19 | 0.24 | 0.22 | 0.24 | 0.19 | 0.16 | 0.13 | 0.16 | 0.16 | 0.13 | 0.13 | 0.17 | 0.23 | 0.29 | 0.28 |
| — | +50.4% | +58.0% | +22.1% | +28.5% | +7.8% | -2.8% | +53.2% | +67.6% | +44.5% | +23.4% | +18.0% | +3.4% | -3.3% | -33.0% | -54.3% | -53.6% | -46.3% | -26.3% | -5.9% | +18.5% | |
| P/FCF | 67.72 | 2.15 | 1.16 | 1.02 | 2.60 | 1.49 | 0.73 | 0.99 | 1.22 | 1.31 | 0.69 | 0.48 | 1.69 | — | 1.46 | 0.64 | 0.61 | 0.90 | 1.23 | 1.09 | 1.11 |
| — | +44.9% | +59.1% | +2.4% | +112.4% | +13.5% | +5.6% | +105.5% | -27.4% | — | -52.7% | -25.0% | +175.1% | — | +18.5% | -41.2% | -44.9% | -90.2% | — | +31.2% | -6.3% | |
| EV / EBITDA | 27.39 | 0.08 | -0.06 | -0.04 | 0.00 | -0.08 | -0.20 | -0.02 | 0.02 | 0.07 | 0.01 | 0.02 | 0.08 | 0.15 | -0.01 | -0.04 | -0.02 | 0.04 | 0.14 | 0.27 | 0.30 |
| — | +201.3% | +71.4% | -82.9% | -93.5% | -217.5% | -2450.1% | -229.0% | -76.4% | -51.9% | +215.8% | +146.6% | +402.6% | +234.4% | -105.2% | -114.8% | -108.4% | -90.2% | -63.6% | -0.7% | +32.1% | |
| EV / EBIT | 37.13 | 0.12 | -0.07 | -0.05 | 0.00 | -0.14 | -0.27 | -0.03 | 0.02 | 0.10 | 0.01 | 0.03 | 0.12 | 0.22 | -0.01 | -0.05 | -0.03 | 0.06 | 0.20 | 0.42 | 0.47 |
| — | +183.5% | +74.3% | -70.2% | -94.0% | -234.7% | -2165.9% | -216.6% | -79.0% | -53.0% | +227.0% | +153.1% | +456.9% | +258.7% | -105.0% | -112.1% | -106.9% | -91.8% | -67.0% | -0.9% | +33.2% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 59.9% | 67.7% | 66.2% | 62.3% | 59.5% | 58.6% | 58.8% | 59.0% | 57.8% | 53.2% | 53.1% | 53.0% | 54.3% | 54.1% | 56.3% | 62.2% | 60.4% | 59.1% | 55.6% | 52.7% | 51.3% |
| — | +15.5% | +12.7% | +5.6% | +2.8% | +10.2% | +10.8% | +11.2% | +6.6% | -1.7% | -5.8% | -14.8% | -10.2% | -8.4% | +1.2% | +18.2% | +17.8% | +18.0% | +6.2% | -2.5% | -4.0% | |
| Operating Margin | 50.8% | 60.3% | 58.0% | 53.9% | 50.6% | 49.6% | 48.5% | 49.0% | 47.5% | 42.5% | 42.0% | 41.6% | 41.7% | 42.0% | 45.5% | 52.0% | 50.6% | 49.1% | 45.6% | 41.7% | 41.2% |
| — | +21.6% | +19.5% | +9.9% | +6.5% | +16.6% | +15.4% | +17.8% | +13.8% | +1.3% | -7.6% | -19.9% | -17.6% | -14.4% | -0.2% | +24.6% | +22.7% | +25.4% | +9.7% | -4.0% | -2.0% | |
| Net Margin | 45.1% | 55.6% | 50.5% | 48.3% | 45.7% | 42.7% | 43.1% | 41.4% | 42.8% | 36.8% | 38.0% | 38.2% | 38.6% | 37.8% | 40.7% | 43.5% | 45.8% | 44.4% | 41.3% | 37.0% | 37.7% |
| — | +30.4% | +17.2% | +16.7% | +6.7% | +15.9% | +13.2% | +8.6% | +10.9% | -2.7% | -6.5% | -12.3% | -15.8% | -14.8% | -1.4% | +17.7% | +21.6% | +22.9% | +7.1% | -1.4% | -2.2% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 35.9% | 11.4% | 10.1% | 9.8% | 9.4% | 8.6% | 8.1% | 8.7% | 8.3% | 6.6% | 6.3% | 7.0% | 6.4% | 5.8% | 6.9% | 9.6% | 10.7% | 9.8% | 9.1% | 7.7% | 7.7% |
| — | +31.8% | +24.1% | +12.9% | +13.0% | +30.5% | +28.5% | +23.9% | +29.3% | +14.7% | -8.0% | -27.2% | -39.9% | -41.2% | -24.0% | +25.4% | +38.7% | +43.2% | +22.5% | +2.4% | -1.6% | |
| ROA | 23.7% | 7.8% | 6.9% | 6.7% | 6.3% | 5.6% | 5.2% | 5.6% | 5.4% | 4.2% | 4.0% | 4.3% | 4.0% | 3.6% | 4.1% | 5.7% | 6.2% | 5.7% | 5.3% | 4.6% | 4.9% |
| — | +39.1% | +31.9% | +19.3% | +17.6% | +33.8% | +31.3% | +29.1% | +34.9% | +18.1% | -3.7% | -23.5% | -36.5% | -37.3% | -21.3% | +23.4% | +28.5% | +27.2% | +6.8% | -8.6% | -9.9% | |
| ROIC | 42.6% | 13.8% | 12.8% | 11.7% | 11.1% | 10.8% | 9.4% | 10.0% | 8.7% | 7.1% | 6.3% | 6.5% | 5.8% | 5.5% | 6.8% | 10.1% | 10.3% | 9.5% | 8.8% | 7.5% | 7.1% |
| — | +28.4% | +36.2% | +16.7% | +27.5% | +50.9% | +49.2% | +53.9% | +50.6% | +29.0% | -7.9% | -35.5% | -43.9% | -42.0% | -22.3% | +35.4% | +46.4% | +53.8% | +27.1% | -0.7% | -1.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.20 | 0.15 | 0.18 | 0.20 | 0.20 | 0.20 | 0.23 | 0.24 | 0.25 | 0.27 | 0.27 | 0.28 | 0.29 | 0.29 | 0.29 | 0.30 | 0.33 | 0.36 | 0.34 | 0.35 | 0.29 |
| — | -23.4% | -21.2% | -19.4% | -20.0% | -26.2% | -14.7% | -11.6% | -11.9% | -8.9% | -4.9% | -9.0% | -11.6% | -17.3% | -16.1% | -13.1% | +12.6% | +23.1% | +52.5% | +74.8% | +28.9% | |
| Debt / EBITDA | 0.40 | 1.02 | 1.33 | 1.45 | 1.55 | 1.11 | 1.89 | 1.76 | 1.94 | 2.27 | 2.47 | 2.33 | 2.60 | 2.90 | 2.61 | 2.05 | 2.16 | 2.39 | 2.38 | 2.57 | 2.17 |
| — | -8.0% | -29.6% | -17.3% | -20.1% | -51.2% | -23.4% | -24.5% | -25.4% | -21.7% | -5.6% | +13.4% | +20.0% | +21.6% | +9.6% | -20.1% | -0.3% | +3.7% | +37.0% | +77.8% | +31.9% | |
| Current Ratio | 2.51 | 2.46 | 2.49 | 2.51 | 2.69 | 2.37 | 2.39 | 2.36 | 2.57 | 2.47 | 2.39 | 2.33 | 2.15 | 2.42 | 2.29 | 2.08 | 2.49 | 2.25 | 2.09 | 2.12 | 2.09 |
| — | +3.7% | +4.1% | +6.2% | +4.9% | -4.1% | -0.0% | +1.4% | +19.6% | +2.2% | +4.6% | +11.8% | -13.9% | +7.2% | +9.2% | -1.8% | +19.3% | +19.8% | +21.5% | +22.6% | +19.4% | |
| Quick Ratio | 2.32 | 2.25 | 2.31 | 2.32 | 2.47 | 2.15 | 2.18 | 2.14 | 2.30 | 2.21 | 2.13 | 2.06 | 1.88 | 2.13 | 2.04 | 1.86 | 2.22 | 2.00 | 1.85 | 1.86 | 1.81 |
| — | +4.7% | +5.8% | +8.3% | +7.4% | -2.8% | +2.4% | +3.8% | +22.4% | +3.9% | +4.5% | +11.0% | -15.6% | +6.5% | +10.2% | -0.4% | +22.7% | +23.1% | +24.2% | +23.4% | +15.9% | |
| Interest Coverage | — | — | 253.16 | — | 5315.19 | 133.57 | 159.95 | 178.87 | 146.76 | 117.11 | 99.78 | 96.35 | 78.75 | 72.44 | 83.42 | 101.32 | 94.97 | 92.59 | 106.96 | 85.99 | 131.32 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
Live VCP patterns, Cup & Handle overlays, support/resistance, and AI trade plans.
High-probability breakout stocks crossing their pivot across 5 pattern engines.
Bull/bear thesis, analyst target revisions, and earnings execution.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying TSM stock.
Taiwan Semiconductor Manufacturing Company Limited's current P/E is 43.0x. The average P/E over the last 4 quarters is 0.8x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Taiwan Semiconductor Manufacturing Company Limited's current operating margin is 50.8%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Taiwan Semiconductor Manufacturing Company Limited's business trajectory between earnings reports.