Taiwan Semiconductor Manufacturing

NYSE:TSM USA Semiconductors
Market Cap
$1.76 Trillion
Market Cap Rank
#8 Global
#6 in USA
Share Price
$340.23
Change (1 day)
+0.57%
52-Week Range
$141.37 - $387.73
All Time High
$387.73
Categories
Companies in USA Semiconductors Technology AI & Machine Learning
About

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides various wafer fabrication processes, such as processes to manufacture complementary metal- oxide-semiconductor (… Read more

Taiwan Semiconductor Manufacturing (TSM) - Net Assets

Latest net assets as of December 2025: $5.45 Trillion USD

Based on the latest financial reports, Taiwan Semiconductor Manufacturing (TSM) has net assets worth $5.45 Trillion USD as of December 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($7.91 Trillion) and total liabilities ($2.47 Trillion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets $5.45 Trillion
% of Total Assets 68.84%
Annual Growth Rate 16.24%
5-Year Change 150.86%
10-Year Change 300.44%
Growth Volatility 16.26

Taiwan Semiconductor Manufacturing - Net Assets Trend (1997–2025)

This chart illustrates how Taiwan Semiconductor Manufacturing's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Taiwan Semiconductor Manufacturing (1997–2025)

The table below shows the annual net assets of Taiwan Semiconductor Manufacturing from 1997 to 2025.

Year Net Assets Change
2025-12-31 $5.45 Trillion +25.95%
2024-12-31 $4.32 Trillion +24.12%
2023-12-31 $3.48 Trillion +17.66%
2022-12-31 $2.96 Trillion +36.38%
2021-12-31 $2.17 Trillion +17.30%
2020-12-31 $1.85 Trillion +14.09%
2019-12-31 $1.62 Trillion -2.35%
2018-12-31 $1.66 Trillion +11.15%
2017-12-31 $1.49 Trillion +9.90%
2016-12-31 $1.36 Trillion +13.80%
2015-12-31 $1.19 Trillion +16.88%
2014-12-31 $1.02 Trillion +22.57%
2013-12-31 $834.11 Billion +16.89%
2012-12-31 $713.59 Billion +13.76%
2011-12-31 $627.26 Billion +8.39%
2010-12-31 $578.70 Billion +15.96%
2009-12-31 $499.05 Billion +3.89%
2008-12-31 $480.37 Billion -2.11%
2007-12-31 $490.72 Billion +9.62%
2006-12-31 $447.66 Billion +0.02%
2005-12-31 $447.57 Billion +11.98%
2004-12-31 $399.68 Billion +21.57%
2003-12-31 $328.76 Billion +10.90%
2002-12-31 $296.45 Billion +3.18%
2001-12-31 $287.32 Billion +9.63%
2000-12-31 $262.08 Billion +63.68%
1999-12-31 $160.12 Billion +71.03%
1998-12-31 $93.62 Billion +16.32%
1997-12-31 $80.49 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Taiwan Semiconductor Manufacturing's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 19629.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings $4.69 Trillion 86.82%
Common Stock $258.59 Billion 4.78%
Other Comprehensive Income $470.55 Billion 8.71%
Total Equity $5.40 Trillion 100.00%

Taiwan Semiconductor Manufacturing Competitors by Market Cap

The table below lists competitors of Taiwan Semiconductor Manufacturing ranked by their market capitalization.

Company Market Cap
Amazon.com Inc
NASDAQ:AMZN
 		$2.07 Trillion
Microsoft Corporation
NASDAQ:MSFT
 		$2.97 Trillion
Alphabet Inc Class A
NASDAQ:GOOGL
 		$3.31 Trillion
Alphabet Inc. Cl A
SN:GOOGL
 		$3.55 Trillion
MOL Hungarian Oil & Gas PLC
LSE:0RUK
 		$1.60 Trillion
Meta Platforms Inc.
NASDAQ:META
 		$1.37 Trillion
Facebook Inc. Cl A
LSE:0QZI
 		$1.37 Trillion
Gedeon Richter PLC
LSE:0QFP
 		$1.13 Trillion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Taiwan Semiconductor Manufacturing's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 4,288,545,000,000 to 5,404,330,990,000, a change of 1,115,785,990,000 (26.0%).
  • Net income of 1,735,678,080,000 contributed positively to equity growth.
  • Dividend payments of 471,614,236,000 reduced retained earnings.
  • Other comprehensive income increased equity by 431,842,896,000.
  • Other factors decreased equity by 580,120,750,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income $1.74 Trillion +32.12%
Dividends Paid $471.61 Billion -8.73%
Other Comprehensive Income $431.84 Billion +7.99%
Other Changes $-580.12 Billion -10.73%
Total Change $- 26.02%

Book Value vs Market Value Analysis

This analysis compares Taiwan Semiconductor Manufacturing's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 0.33x
  • The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
  • The price-to-book ratio has decreased from 18.97x to 0.33x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1997-12-31 $17.93 $340.23 x
1998-12-31 $21.15 $340.23 x
1999-12-31 $37.73 $340.23 x
2000-12-31 $53.58 $340.23 x
2001-12-31 $53.38 $340.23 x
2002-12-31 $58.51 $340.23 x
2003-12-31 $64.15 $340.23 x
2004-12-31 $78.27 $340.23 x
2005-12-31 $85.41 $340.23 x
2006-12-31 $83.82 $340.23 x
2007-12-31 $90.12 $340.23 x
2008-12-31 $90.79 $340.23 x
2009-12-31 $95.53 $340.23 x
2010-12-31 $110.75 $340.23 x
2011-12-31 $120.51 $340.23 x
2012-12-31 $137.12 $340.23 x
2013-12-31 $160.79 $340.23 x
2014-12-31 $197.11 $340.23 x
2015-12-31 $230.23 $340.23 x
2016-12-31 $262.06 $340.23 x
2017-12-31 $288.03 $340.23 x
2018-12-31 $320.17 $340.23 x
2019-12-31 $312.65 $340.23 x
2020-12-31 $356.66 $340.23 x
2021-12-31 $418.10 $340.23 x
2022-12-31 $568.01 $340.23 x
2023-12-31 $666.99 $340.23 x
2024-12-31 $826.95 $340.23 x
2025-12-31 $1042.06 $340.23 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Taiwan Semiconductor Manufacturing utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 32.12%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 45.10%
  • • Asset Turnover: 0.49x
  • • Equity Multiplier: 1.46x
  • Recent ROE (32.12%) is above the historical average (22.52%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1997 25.87% 40.89% 0.35x 1.80x $11.05 Billion
1998 18.25% 30.43% 0.36x 1.67x $6.92 Billion
1999 15.42% 30.83% 0.32x 1.54x $8.27 Billion
2000 24.87% 39.17% 0.45x 1.42x $38.93 Billion
2001 5.23% 11.12% 0.33x 1.41x $-13.24 Billion
2002 7.30% 13.31% 0.42x 1.32x $-8.00 Billion
2003 14.35% 23.27% 0.50x 1.24x $14.30 Billion
2004 23.14% 35.89% 0.51x 1.25x $52.49 Billion
2005 21.00% 35.10% 0.51x 1.17x $49.16 Billion
2006 28.41% 40.01% 0.53x 1.33x $82.28 Billion
2007 22.42% 33.84% 0.57x 1.17x $60.49 Billion
2008 20.98% 30.00% 0.60x 1.17x $52.30 Billion
2009 18.02% 30.17% 0.50x 1.20x $39.71 Billion
2010 28.15% 38.52% 0.58x 1.25x $104.19 Billion
2011 21.48% 31.43% 0.55x 1.25x $71.72 Billion
2012 22.43% 31.47% 0.53x 1.35x $88.38 Billion
2013 22.06% 30.82% 0.47x 1.51x $100.59 Billion
2014 24.88% 33.34% 0.51x 1.46x $152.08 Billion
2015 25.36% 35.90% 0.51x 1.39x $183.45 Billion
2016 24.41% 34.99% 0.50x 1.39x $195.81 Billion
2017 23.10% 35.30% 0.49x 1.33x $195.62 Billion
2018 21.86% 35.20% 0.49x 1.26x $197.01 Billion
2019 21.83% 33.08% 0.47x 1.40x $191.81 Billion
2020 27.61% 38.14% 0.49x 1.49x $325.78 Billion
2021 27.32% 37.32% 0.43x 1.72x $375.53 Billion
2022 33.71% 43.86% 0.46x 1.69x $698.36 Billion
2023 24.62% 39.40% 0.39x 1.60x $505.85 Billion
2024 27.01% 40.02% 0.43x 1.56x $729.53 Billion
2025 32.12% 45.10% 0.49x 1.46x $1.20 Trillion

Industry Comparison

This section compares Taiwan Semiconductor Manufacturing's net assets metrics with peer companies in the Semiconductors industry.

Industry Context

  • Industry: Semiconductors
  • Average net assets among peers: $1,032,397,694
  • Average return on equity (ROE) among peers: -33.76%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Taiwan Semiconductor Manufacturing (TSM) $5.45 Trillion 25.87% 0.45x $1.84 Trillion
Analog Devices Inc (ADI) $3.80 Billion 22.85% 0.39x $150.01 Billion
Arteris Inc (AIP) $-14.63 Million 0.00% 0.00x $526.88 Million
Astera Labs, Inc. (ALAB) $-85.29 Million 0.00% 0.00x $17.80 Billion
Allegro Microsystems Inc (ALGM) $634.13 Million 5.83% 0.29x $3.89 Billion
Aeluma, Inc (ALMU) $5.10 Million -67.68% 0.16x $165.92 Million
Ambiq Micro, Inc. (AMBQ) $89.01 Million -28.47% 0.18x $424.34 Million
Advanced Micro Devices Inc (AMD) $187.00 Million -215.51% 19.14x $318.73 Billion
AMSSD (AMSSD) $1.91 Billion -84.67% 2.89x $27.31K
Alpha and Omega Semiconductor Ltd (AOSL) $260.25 Million 14.53% 0.34x $517.79 Million
Arm Holdings plc American Depositary Shares (ARM) $3.55 Billion 15.47% 0.83x $16.65 Billion