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Taiwan Semiconductor Manufacturing Company Limited (TSM, Chipmakers) Stock Valuation & Fair Value Significantly overvalued

Taiwan Semiconductor Manufacturing Company Limited (TSM, Chipmakers) trades at a current P/E of 29.4, about 61% above its historical normal valuation, with a forward growth estimate of 31.2% and a PEG of 0.94. Analysts' one-year estimates have been hit 45% of the time. Priced at its historical normal P/E of 18.2 on the same blended earnings, the 2026-10-09 close of $453.31 corresponds to about $282 a share. This is a valuation reference, not a price target.

No quality score is published for this company, which is normal for insurers, banks and REITs. This rating reflects valuation and forecast return, and for the top ratings, credit rating, growth and analyst accuracy.

Current P/E
29.4
Normal P/E
18.2
PEG
0.94
Fwd growth
31.2%
Div yield
0.7%
RSI (14)
47.7
Neutral
Technical context
  • Price $444.35 at the 2026-10-12 close, 1.6% below the 20-day average ($451.74) and 2.7% above the 50-day ($432.58).
  • RSI (14) at 47.7.
  • 52-week range $272.18 to $485.80: the price is 8.5% below the high and 63.3% above the low.

The Street vs SeerForecast

Wall Street's mean price target for TSM is $555.01 across 20 analysts, 24.9% above the current price. The average analyst rating is Strong Buy. Our SeerForecast read of the same stock, formed without analyst targets: significantly overvalued. When the two disagree, start your digging there.

Valuation flags

Verdict history

tickerseer's rating has been significantly overvalued since 2026-07-12.

Current P/E and rating by weekCurrent P/E moved from 32.7 to 29.4 between 2026-07-10 and 2026-10-09, against a normal P/E of 18.2, with 0 rating changes over 31 recorded weeks.2026-07-10: P/E 32.7, Significantly overvalued, recalculated for the week of 2026-07-122026-07-13: P/E 32.7, Significantly overvalued, recalculated for the week of 2026-07-132026-07-14: P/E 32.7, Significantly overvalued, recalculated for the week of 2026-07-142026-07-20: P/E 32.7, Significantly overvalued, recalculated for the week of 2026-07-202026-07-22: P/E 30.5, Significantly overvalued, recalculated for the week of 2026-07-222026-07-24: P/E 30.5, Significantly overvalued, recalculated for the week of 2026-07-252026-07-27: P/E 30.5, Significantly overvalued, recalculated for the week of 2026-07-272026-07-31: P/E 30.5, Significantly overvalued, recalculated for the week of 2026-07-312026-07-31: P/E 28.7, Significantly overvalued, recorded live 2026-08-032026-08-07: P/E 28.7, Significantly overvalued, recalculated for the week of 2026-08-072026-08-07: P/E 29.6, Significantly overvalued, recorded live 2026-08-102026-08-14: P/E 29.6, Significantly overvalued, recalculated for the week of 2026-08-142026-08-14: P/E 29.7, Significantly overvalued, recorded live 2026-08-172026-08-21: P/E 29.7, Significantly overvalued, recalculated for the week of 2026-08-212026-08-21: P/E 28.9, Significantly overvalued, recorded live 2026-08-242026-08-27: P/E 28.9, Significantly overvalued, recalculated for the week of 2026-08-272026-08-28: P/E 28.9, Significantly overvalued, recalculated for the week of 2026-08-282026-08-28: P/E 28.9, Significantly overvalued, recalculated for the week of 2026-08-302026-08-28: P/E 28.6, Significantly overvalued, recorded live 2026-08-312026-09-04: P/E 28.6, Significantly overvalued, recalculated for the week of 2026-09-052026-09-04: P/E 29.1, Significantly overvalued, recorded live 2026-09-072026-09-11: P/E 29.1, Significantly overvalued, recalculated for the week of 2026-09-122026-09-11: P/E 29.2, Significantly overvalued, recorded live 2026-09-142026-09-18: P/E 29.2, Significantly overvalued, recalculated for the week of 2026-09-192026-09-18: P/E 29.0, Significantly overvalued, recorded live 2026-09-212026-09-25: P/E 29.0, Significantly overvalued, recalculated for the week of 2026-09-262026-09-25: P/E 29.8, Significantly overvalued, recorded live 2026-09-282026-10-02: P/E 29.8, Significantly overvalued, recalculated for the week of 2026-10-032026-10-02: P/E 30.9, Significantly overvalued, recorded live 2026-10-052026-10-09: P/E 30.9, Significantly overvalued, recalculated for the week of 2026-10-102026-10-09: P/E 29.4, Significantly overvalued, recorded live 2026-10-1220.025.030.0Jul 10Aug 2Aug 25Sep 16Oct 9Normal P/E 18.2
Significantly overvalued

Not every point was recorded live. Points marked recalculated are worked out from the metrics tickerseer archived that week.

Selected weeks: the first, the latest, and the cheapest and dearest.

WeekCurrent P/EPremium to normal P/ERating
2026-07-12P/E 32.7+79%Significantly overvalued (recalculated)
2026-08-31P/E 28.6+57%Significantly overvalued
2026-10-12P/E 29.4+61%Significantly overvalued ← now
Show all 31 weeks
WeekCurrent P/EPremium to normal P/ERating
2026-07-12P/E 32.7+79%Significantly overvalued (recalculated)
2026-07-13P/E 32.7+79%Significantly overvalued (recalculated)
2026-07-14P/E 32.7+79%Significantly overvalued (recalculated)
2026-07-20P/E 32.7+79%Significantly overvalued (recalculated)
2026-07-22P/E 30.5+67%Significantly overvalued (recalculated)
2026-07-25P/E 30.5+67%Significantly overvalued (recalculated)
2026-07-27P/E 30.5+67%Significantly overvalued (recalculated)
2026-07-31P/E 30.5+67%Significantly overvalued (recalculated)
2026-08-03P/E 28.7+57%Significantly overvalued
2026-08-07P/E 28.7+57%Significantly overvalued (recalculated)
2026-08-10P/E 29.6+62%Significantly overvalued
2026-08-14P/E 29.6+62%Significantly overvalued (recalculated)
2026-08-17P/E 29.7+63%Significantly overvalued
2026-08-21P/E 29.7+63%Significantly overvalued (recalculated)
2026-08-24P/E 28.9+59%Significantly overvalued
2026-08-27P/E 28.9+59%Significantly overvalued (recalculated)
2026-08-28P/E 28.9+59%Significantly overvalued (recalculated)
2026-08-30P/E 28.9+59%Significantly overvalued (recalculated)
2026-08-31P/E 28.6+57%Significantly overvalued
2026-09-05P/E 28.6+57%Significantly overvalued (recalculated)
2026-09-07P/E 29.1+60%Significantly overvalued
2026-09-12P/E 29.1+60%Significantly overvalued (recalculated)
2026-09-14P/E 29.2+60%Significantly overvalued
2026-09-19P/E 29.2+60%Significantly overvalued (recalculated)
2026-09-21P/E 29.0+59%Significantly overvalued
2026-09-26P/E 29.0+59%Significantly overvalued (recalculated)
2026-09-28P/E 29.8+63%Significantly overvalued
2026-10-03P/E 29.8+63%Significantly overvalued (recalculated)
2026-10-05P/E 30.9+69%Significantly overvalued
2026-10-10P/E 30.9+69%Significantly overvalued (recalculated)
2026-10-12P/E 29.4+61%Significantly overvalued ← now

Frequently asked questions

Is Taiwan Semiconductor Manufacturing Company Limited stock overvalued?

At a current P/E of 29.4 versus its historical normal P/E of 18.2, Taiwan Semiconductor Manufacturing Company Limited trades about 61% above its typical valuation, with a PEG of 0.94 on 31.2% forward growth. tickerseer currently rates it significantly overvalued.

What is Taiwan Semiconductor Manufacturing Company Limited's fair value and PEG?

Taiwan Semiconductor Manufacturing Company Limited trades at a current P/E of 29.4 against a historical normal P/E of 18.2, a PEG of 0.94, and a forward growth estimate of 31.2%. Priced at its historical normal P/E of 18.2 on the same blended earnings, the 2026-10-09 close of $453.31 corresponds to about $282 a share. This is a valuation reference, not a price target.

Has tickerseer's rating of Taiwan Semiconductor Manufacturing Company Limited changed?

tickerseer's rating has been significantly overvalued since 2026-07-12.

What is the analyst price target for Taiwan Semiconductor Manufacturing Company Limited?

The mean Wall Street price target for Taiwan Semiconductor Manufacturing Company Limited is $555.01 across 20 analysts, 24.9% above the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.

Industry: Chipmakers. Create a free account to see the full analysis: the SeerAI score, valuation history, and the AI research note. Options setups and metric history are part of the paid plans.

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