Is ASML or TSM cheaper?

On trailing earnings, TSM is cheaper: ASML trades at a 58.44 P/E and TSM at 36.33.

Which has grown faster, ASML or TSM?

Over the past five years, TSM grew revenue faster — ASML at a 16.10% CAGR versus TSM at 22.49%.

Does ASML or TSM pay a bigger dividend?

ASML yields 0.72% and TSM yields 1.02% based on trailing dividends and the latest price.

Is ASML or TSM more profitable?

TSM runs the higher net margin — ASML at 29.71% versus TSM at 46.90%.

Which has been the better investment, ASML or TSM?

Over the past 10-year, ASML delivered the higher annualized total return — ASML at 34.89% versus TSM at 34.68%. Past performance doesn't predict future results.

ASML Holding N.V. (ASML) vs Taiwan Semiconductor Manufacturing Company Limited (TSM)

TSM leads on 13 of 15 compared metrics.

A side-by-side comparison of ASML Holding N.V. and Taiwan Semiconductor Manufacturing Company Limited across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 9, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Taiwan Semiconductor Manufacturing Company Limited

$2.27T

$436.96Technology

Total return — ASML vs TSM

growth of $100 · last 29y

ASML +7172.4%TSM +7859.6%TSM compounded faster

ASML TSM

ASML vs TSM: by the numbers

•TSM is the larger company ($2.27T vs $695.39B market cap).
•TSM trades at the lower earnings multiple (36.33 vs 58.44 P/E).
•TSM converts more revenue to profit (46.90% vs 29.71% net margin).
•TSM grew revenue faster over the past five years (22.49% vs 16.10% CAGR).
•TSM pays the higher dividend yield (1.02% vs 0.72%).

Which is better, ASML or TSM?

Metric tally: ASML 2 · TSM 13

It depends on what you're optimizing for:

ValueTSM(lower P/E)

GrowthTSM(faster 5Y revenue CAGR)

IncomeTSM(higher dividend yield)

QualityASML(higher ROIC)

Metrics side by side

Valuation

Metric	ASML	TSM
P/E ratio	58.44	36.33●
Forward P/E	54.31	—
P/S ratio	17.30	16.96
P/B ratio	28.35	12.29●
PEG ratio	1.29	0.65●
EV / EBITDA	45.27	22.23●
FCF yield	1.48%	1.57%●

Profitability

Metric	ASML	TSM
Gross margin	52.60%	61.78%●
Operating margin	34.78%	53.15%●
Net margin	29.71%	46.90%●
ROE	48.67%●	33.98%
ROIC	35.54%●	25.10%

Dividends

Metric	ASML	TSM
Dividend yield	0.72%	1.02%●
Payout ratio	43.63%	41.97%

Growth (annualized)

Metric	ASML	TSM
Revenue CAGR (5Y)	16.10%	22.49%●
EPS CAGR (5Y)	24.63%	25.67%●
FCF CAGR (5Y)	22.12%	30.09%●
Total return CAGR (5Y)	22.40%	31.69%●

Frequently asked

Which is better, ASML or TSM?: It depends on your goal. value: TSM (lower P/E); growth: TSM (faster 5Y revenue CAGR); income: TSM (higher dividend yield); quality: ASML (higher ROIC). Across all compared metrics, TSM leads 13 to 2.
Is ASML or TSM cheaper?: On trailing earnings, TSM is cheaper: ASML trades at a 58.44 P/E and TSM at 36.33.
Which has grown faster, ASML or TSM?: Over the past five years, TSM grew revenue faster — ASML at a 16.10% CAGR versus TSM at 22.49%.
Does ASML or TSM pay a bigger dividend?: ASML yields 0.72% and TSM yields 1.02% based on trailing dividends and the latest price.
Is ASML or TSM more profitable?: TSM runs the higher net margin — ASML at 29.71% versus TSM at 46.90%.
Which has been the better investment, ASML or TSM?: Over the past 10-year, ASML delivered the higher annualized total return — ASML at 34.89% versus TSM at 34.68%. Past performance doesn't predict future results.

Go deeper

Full ASML analysis Full TSM analysis Interactive comparison tool

Dig into the metrics

ASML P/E ratio Taiwan Semiconductor Manufacturing P/E ratio ASML dividend yield Taiwan Semiconductor Manufacturing dividend yield ASML ROE Taiwan Semiconductor Manufacturing ROE ASML operating margin Taiwan Semiconductor Manufacturing operating margin ASML revenue growth Taiwan Semiconductor Manufacturing revenue growth ASML free cash flow Taiwan Semiconductor Manufacturing free cash flow

ASML & Taiwan Semiconductor Manufacturing appear in these rankings

Fastest Revenue Growth Stocks Highest ROE Stocks Highest ROIC Stocks Highest Operating Margin Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified July 9, 2026.