Broadcom Inc. (AVGO) vs Taiwan Semiconductor Manufacturing Company Limited (TSM)

TSM leads on 9 of 15 compared metrics.

A side-by-side comparison of Broadcom Inc. and Taiwan Semiconductor Manufacturing Company Limited across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Total return — AVGO vs TSM

growth of $100 · last 17y
AVGO +23197.0%TSM +4044.0%AVGO compounded faster
Log scale — wide-divergence pair
101001k10k100kStart $10020122015201820212024$23,297$4,144
AVGO TSM

AVGO vs TSM: by the numbers

  • TSM is the larger company ($2.20T vs $1.82T market cap).
  • TSM trades at the lower earnings multiple (35.24 vs 63.68 P/E).
  • TSM converts more revenue to profit (46.90% vs 38.85% net margin).
  • AVGO grew revenue faster over the past five years (24.17% vs 22.49% CAGR).
  • TSM pays the higher dividend yield (0.83% vs 0.65%).

Which is better, AVGO or TSM?

Metric tally: AVGO 6 · TSM 9

It depends on what you're optimizing for:

ValueTSM(lower P/E)
GrowthAVGO(faster 5Y revenue CAGR)
IncomeTSM(higher dividend yield)
QualityTSM(higher ROIC)

Valuation

MetricAVGOTSM
P/E ratio63.6835.24
Forward P/E19.64
P/S ratio24.6916.45
P/B ratio21.2411.92
PEG ratio0.260.64
EV / EBITDA45.4120.78
FCF yield1.76%1.62%

Profitability

MetricAVGOTSM
Gross margin66.96%61.78%
Operating margin43.66%53.15%
Net margin38.85%46.90%
ROE33.43%33.98%
ROIC16.36%25.10%

Dividends

MetricAVGOTSM
Dividend yield0.65%0.83%
Payout ratio50.51%33.09%

Growth (annualized)

MetricAVGOTSM
Revenue CAGR (5Y)24.17%22.49%
EPS CAGR (5Y)49.36%25.67%
FCF CAGR (5Y)20.74%30.09%
Total return CAGR (5Y)55.05%30.87%

Frequently asked

Which is better, AVGO or TSM?
It depends on your goal. value: TSM (lower P/E); growth: AVGO (faster 5Y revenue CAGR); income: TSM (higher dividend yield); quality: TSM (higher ROIC). Across all compared metrics, TSM leads 9 to 6.
Is AVGO or TSM cheaper?
On trailing earnings, TSM is cheaper: AVGO trades at a 63.68 P/E and TSM at 35.24.
Which has grown faster, AVGO or TSM?
Over the past five years, AVGO grew revenue faster — AVGO at a 24.17% CAGR versus TSM at 22.49%.
Does AVGO or TSM pay a bigger dividend?
AVGO yields 0.65% and TSM yields 0.83% based on trailing dividends and the latest price.
Is AVGO or TSM more profitable?
TSM runs the higher net margin — AVGO at 38.85% versus TSM at 46.90%.
Which has been the better investment, AVGO or TSM?
Over the past 10-year, AVGO delivered the higher annualized total return — AVGO at 40.78% versus TSM at 35.19%. Past performance doesn't predict future results.

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 June 13, 2026.