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Taiwan Semiconductor Manufacturing Co (BUE:TSM) E10 : ARS479.50 (As of Mar. 2024)


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What is Taiwan Semiconductor Manufacturing Co E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Taiwan Semiconductor Manufacturing Co's adjusted earnings per share data for the three months ended in Mar. 2024 was ARS693.834. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ARS479.50 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Taiwan Semiconductor Manufacturing Co's average E10 Growth Rate was 15.60% per year. During the past 3 years, the average E10 Growth Rate was 21.60% per year. During the past 5 years, the average E10 Growth Rate was 18.70% per year. During the past 10 years, the average E10 Growth Rate was 15.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Taiwan Semiconductor Manufacturing Co was 21.60% per year. The lowest was 8.90% per year. And the median was 13.10% per year.

As of today (2024-05-21), Taiwan Semiconductor Manufacturing Co's current stock price is ARS19436.50. Taiwan Semiconductor Manufacturing Co's E10 for the quarter that ended in Mar. 2024 was ARS479.50. Taiwan Semiconductor Manufacturing Co's Shiller PE Ratio of today is 40.53.

During the past 13 years, the highest Shiller PE Ratio of Taiwan Semiconductor Manufacturing Co was 54.42. The lowest was 19.55. And the median was 26.69.


Taiwan Semiconductor Manufacturing Co E10 Historical Data

The historical data trend for Taiwan Semiconductor Manufacturing Co's E10 can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Taiwan Semiconductor Manufacturing Co E10 Chart

Taiwan Semiconductor Manufacturing Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 87.04 1,065.47 1,728.27 117.68 411.25

Taiwan Semiconductor Manufacturing Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 153.82 201.91 317.01 411.25 479.50

Competitive Comparison of Taiwan Semiconductor Manufacturing Co's E10

For the Semiconductors subindustry, Taiwan Semiconductor Manufacturing Co's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Taiwan Semiconductor Manufacturing Co's Shiller PE Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Taiwan Semiconductor Manufacturing Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Taiwan Semiconductor Manufacturing Co's Shiller PE Ratio falls into.



Taiwan Semiconductor Manufacturing Co E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Taiwan Semiconductor Manufacturing Co's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=693.834/131.7762*131.7762
=693.834

Current CPI (Mar. 2024) = 131.7762.

Taiwan Semiconductor Manufacturing Co Quarterly Data

per share eps CPI Adj_EPS
201406 1.869 100.560 2.449
201409 2.464 100.428 3.233
201412 2.226 99.070 2.961
201503 2.567 99.621 3.396
201506 2.700 100.684 3.534
201509 2.512 100.392 3.297
201512 3.162 99.792 4.175
201603 3.361 100.470 4.408
201606 3.636 101.688 4.712
201609 5.306 101.861 6.864
201612 5.588 101.863 7.229
201703 5.101 102.862 6.535
201706 4.185 103.349 5.336
201709 6.054 104.136 7.661
201712 7.458 104.011 9.449
201803 7.163 105.290 8.965
201806 6.939 106.317 8.601
201809 12.360 106.507 15.293
201812 14.169 105.998 17.615
201903 9.007 107.251 11.067
201906 11.009 108.070 13.424
201909 21.057 108.329 25.615
201912 26.490 108.420 32.197
202003 27.872 108.902 33.726
202006 32.276 108.767 39.104
202009 40.429 109.815 48.514
202012 45.274 109.897 54.288
202103 51.527 111.754 60.759
202106 52.992 114.631 60.918
202109 63.809 115.734 72.654
202112 68.241 117.630 76.448
202203 88.598 121.301 96.249
202206 111.457 125.017 117.483
202209 144.331 125.227 151.880
202212 187.217 125.222 197.016
202303 154.882 127.348 160.268
202306 163.655 128.729 167.529
202309 266.693 129.860 270.629
202312 319.038 129.419 324.848
202403 693.834 131.776 693.834

Add all the adjusted EPS together and divide 10 will get our e10.


Taiwan Semiconductor Manufacturing Co  (BUE:TSM) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Taiwan Semiconductor Manufacturing Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=19436.50/479.5
=40.53

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Shiller P/E Ratio of Taiwan Semiconductor Manufacturing Co was 54.42. The lowest was 19.55. And the median was 26.69.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Taiwan Semiconductor Manufacturing Co E10 Related Terms

Thank you for viewing the detailed overview of Taiwan Semiconductor Manufacturing Co's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Taiwan Semiconductor Manufacturing Co (BUE:TSM) Business Description

Address
No. 8, Li-Hsin Road 6, Hsinchu Science Park, Hsinchu, TWN, 300-096
Taiwan Semiconductor Manufacturing Co. is the world's largest dedicated chip foundry, with almost 60% market share. TSMC was founded in 1987 as a joint venture of Philips, the government of Taiwan, and private investors. It went public as an ADR in the U.S. in 1997. TSMC's scale and high-quality technology allow the firm to generate solid operating margins, even in the highly competitive foundry business. Furthermore, the shift to the fabless business model has created tailwinds for TSMC. The foundry leader has an illustrious customer base, including Apple, AMD, and Nvidia, that looks to apply cutting-edge process technologies to its semiconductor designs. TSMC employs more than 73,000 people.

Taiwan Semiconductor Manufacturing Co (BUE:TSM) Headlines

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