ASML Holding N.V. (ASML) vs Taiwan Semiconductor Manufacturing Company Limited (TSM)
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 August 23, 2026. Differences are shown without an overall score or investment verdict.
ASML
ASML Holding N.V.
$1,763.76TechnologyAt close: Aug 21, 2026, 4:00 PM ET
TSM
Taiwan Semiconductor Manufacturing Company Limited
$418.95TechnologyAt close: Aug 21, 2026, 4:00 PM ET
Total return — ASML vs TSM
growth of $100 · dividends reinvested · last 10yASML +1714.0% (+33.6%/yr)TSM +1655.7% (+33.2%/yr)ASML compounded faster over this window
ASML TSM
ASML vs TSM: by the numbers
- •TSM is the larger company ($2.17T vs $679.78B market cap).
- •TSM trades at the lower trailing earnings multiple (30.33 vs 55.17 P/E), one valuation lens rather than an overall verdict.
- •TSM converts more revenue to profit (50.32% vs 30.10% net margin).
- •TSM grew revenue faster over the past five years (22.50% vs 15.77% CAGR).
- •TSM pays the higher dividend yield (0.83% vs 0.51%).
Metrics side by side
Valuation
| Metric | ASML | TSM |
|---|---|---|
| P/E ratio | 55.17 | 30.33 |
| Forward P/E | 46.32 | N/A |
| P/S ratio | 16.55 | 15.36 |
| P/B ratio | 27.23 | 10.77 |
| EV / EBITDA | 42.82 | 20.84 |
| FCF yield | 1.74% | 1.74% |
Profitability
| Metric | ASML | TSM |
|---|---|---|
| Gross margin | 52.72% | 64.17% |
| Operating margin | 35.41% | 55.97% |
| Net margin | 30.10% | 50.32% |
| ROE | 49.52% | 35.29% |
| ROIC | 37.49% | 27.56% |
Dividends
| Metric | ASML | TSM |
|---|---|---|
| Dividend yield | 0.51% | 0.83% |
| Payout ratio | 31.25% | 32.94% |
Growth (annualized)
| Metric | ASML | TSM |
|---|---|---|
| Revenue CAGR (5Y) | 15.77% | 22.50% |
| EPS CAGR (5Y) | 24.63% | 25.67% |
| FCF CAGR (5Y) | 9.33% | 33.46% |
| Total return CAGR (5Y) | 18.58% | 32.84% |
Frequently asked
- Which has the lower trailing P/E, ASML or TSM?
- TSM has the lower trailing P/E: ASML trades at 55.17 and TSM at 30.33. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, ASML or TSM?
- Over the past five years, TSM grew revenue faster — ASML at a 15.77% CAGR versus TSM at 22.50%.
- Does ASML or TSM pay a bigger dividend?
- ASML yields 0.51% and TSM yields 0.83% based on trailing dividends and the latest price.
- Is ASML or TSM more profitable?
- TSM runs the higher net margin — ASML at 30.10% versus TSM at 50.32%.
- How have ASML and TSM total returns compared?
- Over the past 10 years, ASML delivered 33.60% and TSM delivered 33.17% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
ASML P/E ratioTaiwan Semiconductor Manufacturing P/E ratioASML dividend yieldTaiwan Semiconductor Manufacturing dividend yieldASML ROETaiwan Semiconductor Manufacturing ROEASML operating marginTaiwan Semiconductor Manufacturing operating marginASML revenue growthTaiwan Semiconductor Manufacturing revenue growthASML free cash flowTaiwan Semiconductor Manufacturing free cash flow
ASML & Taiwan Semiconductor Manufacturing appear in these rankings
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 August 23, 2026.