Basis: Current FMP quote-based enterprise value / four-quarter operating income plus matched D&A. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EV/EBITDA ratio high or low?
The EV/EBITDA ratio of 20.78x is 42% above its estimated 5-year average of 14.68x, near the high end of its estimated 5-year range (6.69x–24.35x).
As of 2026-09-16T23:01:14.294Z. 4.31% above its estimated 12-month average of 19.92x.
Calculation as of: 2026-09-16T23:01:14.294Z.
Quote observation: 2026-09-16T20:00:02.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: d3879536099925a25f21b10e8a037949bdc29fe664a5d00da5823691d251555d
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation. Historical series through 2026-09-10.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
EV/EBITDA RATIO
20.78x
EV/EBITDA RATIO AVG TTM
19.92x
EV/EBITDA RATIO AVG 3Y
16.83x
EV/EBITDA RATIO AVG 5Y
14.68x
EV/EBITDA RATIO AVG 10Y
13.21x
EV/EBITDA RATIO AVG 15Y
11.41x
EV/EBITDA RATIO AVG 20Y
9.85x
CURRENT VS TTM AVG
+4.31%
CURRENT VS 3Y AVG
+23.50%
CURRENT VS 5Y AVG
+41.59%
CURRENT VS 10Y AVG
+57.33%
CURRENT VS 15Y AVG
+82.08%
CURRENT VS 20Y AVG
+110.91%
SECTOR MEDIAN · TECHNOLOGY
24.96x
median of 157 covered companies
CURRENT VS SECTOR MEDIAN
-16.75%
vs the sector median at left
Taiwan Semiconductor Manufacturing Company Limited
Market Cap
$2.17T
EV/EBITDA Ratio
20.78x
TTM Avg
19.92x
3Y Avg
16.83x
5Y Avg
14.68x
Market Cap
$1.05T
EV/EBITDA Ratio
15.03x
TTM Avg
17.34x
3Y Avg
26.40x
5Y Avg
18.46x
Market Cap
$835.68B
EV/EBITDA Ratio
87.74x
TTM Avg
75.54x
3Y Avg
60.01x
5Y Avg
48.77x
Market Cap
$3.64T
EV/EBITDA Ratio
19.35x
TTM Avg
22.01x
3Y Avg
24.24x
5Y Avg
23.90x
Market Cap
$617.52B
EV/EBITDA Ratio
38.92x
TTM Avg
36.87x
3Y Avg
32.24x
5Y Avg
31.90x
Market Cap
$424.65B
EV/EBITDA Ratio
24.96x
TTM Avg
21.16x
3Y Avg
16.35x
5Y Avg
14.99x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $2.17T | 20.78x | 19.92x | 16.83x | 14.68x |
| Broadcom Inc. (AVGO)vs › | $1.62T | 31.88x | 48.75x | 40.83x | 31.54x |
| SK hynix Inc. (SKHY)vs › | $1.24T | 13.00x | 11.95x | 11.95x | 11.95x |
| Micron Technology, Inc. (MU)vs › | $1.05T | 15.03x | 17.34x | 26.40x | 18.46x |
| Advanced Micro Devices, Inc. (AMD)vs › | $835.68B | 87.74x | 75.54x | 60.01x | 48.77x |
| Microsoft Corporation (MSFT)vs › | $3.64T | 19.35x | 22.01x | 24.24x | 23.90x |
| ASML Holding N.V. (ASML)vs › | $617.52B | 38.92x | 36.87x | 32.24x | 31.90x |
| Intel Corp. (INTC)vs › | $509.70B | 43.94x | 46.42x | 56.21x | 35.55x |
| Cisco Systems, Inc. (CSCO)vs › | $424.65B | 24.96x | 21.16x | 16.35x | 14.99x |
| Oracle Corporation (ORCL)vs › | $412.58B | 15.60x | 26.42x | 24.28x | 22.21x |
At 20.8, EV/EBITDA is above its estimated 20-year median — higher than 97% of readings in its estimated 20-year history.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
estimated 20-year low
4.1
median
8.8
estimated 20-year high
25.4
EV/EBITDA = Enterprise Value / EBITDA (TTM)
Enterprise value to EBITDA is a capital-structure-neutral valuation multiple, useful for comparing companies with different debt levels and tax rates.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EV/EBITDA RATIO |
|---|---|
| 2026-09-10 | 21.31x |
| 2026-09-09 | 21.69x |
| 2026-09-08 | 21.87x |
| 2026-09-04 | 21.35x |
| 2026-09-03 | 20.74x |
| 2026-09-02 | 20.67x |
| 2026-09-01 | 20.59x |
| 2026-08-31 | 20.66x |
| 2026-08-28 | 20.77x |
| 2026-08-27 | 21.27x |
| 2026-08-26 | 20.78x |
| 2026-08-25 | 20.76x |
| 2026-08-24 | 20.39x |
| 2026-08-21 | 20.84x |
| 2026-08-20 | 20.69x |
| 2026-08-19 | 20.49x |
| 2026-08-18 | 20.56x |
| 2026-08-17 | 21.46x |
| 2026-08-14 | 21.67x |
| 2026-08-13 | 21.89x |
| 2026-08-12 | 21.82x |
| 2026-08-11 | 21.45x |
| 2026-08-10 | 21.26x |
| 2026-08-07 | 21.34x |
| 2026-08-06 | 21.25x |
| 2026-08-05 | 21.03x |
| 2026-08-04 | 21.19x |
| 2026-08-03 | 20.62x |
| 2026-07-31 | 20.52x |
| 2026-07-30 | 20.47x |
| 2026-07-29 | 18.97x |
| 2026-07-28 | 19.89x |
| 2026-07-27 | 20.25x |
| 2026-07-24 | 20.47x |
| 2026-07-23 | 21.11x |
| 2026-07-22 | 21.40x |
| 2026-07-21 | 21.58x |
| 2026-07-20 | 20.42x |
| 2026-07-17 | 20.21x |
| 2026-07-16 | 20.81x |
| 2026-07-15 | 21.31x |
| 2026-07-14 | 21.36x |
| 2026-07-13 | 21.42x |
| 2026-07-10 | 22.08x |
| 2026-07-09 | 22.23x |
| 2026-07-08 | 22.23x |
| 2026-07-07 | 22.00x |
| 2026-07-06 | 23.00x |
| 2026-07-02 | 22.08x |
| 2026-07-01 | 22.61x |
| 2026-06-30 | 24.35x |
| 2026-06-29 | 23.18x |
| 2026-06-26 | 21.99x |
| 2026-06-25 | 22.13x |
| 2026-06-24 | 22.43x |
| 2026-06-23 | 22.20x |
| 2026-06-22 | 23.83x |
| 2026-06-18 | 23.54x |
| 2026-06-17 | 21.98x |
| 2026-06-16 | 21.65x |
| 2026-06-15 | 22.46x |
| 2026-06-12 | 21.55x |
| 2026-06-11 | 21.40x |
| 2026-06-10 | 20.75x |
| 2026-06-09 | 21.76x |
| 2026-06-08 | 21.70x |
| 2026-06-05 | 21.09x |
| 2026-06-04 | 22.64x |
| 2026-06-03 | 22.21x |
| 2026-06-02 | 22.74x |
| 2026-06-01 | 22.16x |
| 2026-05-29 | 21.26x |
| 2026-05-28 | 21.60x |
| 2026-05-27 | 21.48x |
| 2026-05-26 | 20.94x |
| 2026-05-22 | 20.53x |
| 2026-05-21 | 20.67x |
| 2026-05-20 | 20.38x |
| 2026-05-19 | 19.91x |
| 2026-05-18 | 20.08x |
| 2026-05-15 | 22.55x |
| 2026-05-14 | 23.32x |
| 2026-05-13 | 22.29x |
| 2026-05-12 | 22.15x |
| 2026-05-11 | 22.56x |
| 2026-05-08 | 22.97x |
| 2026-05-07 | 23.11x |
| 2026-05-06 | 23.42x |
| 2026-05-05 | 21.98x |
| 2026-05-04 | 22.39x |
| 2026-05-01 | 22.17x |
| 2026-04-30 | 22.08x |
| 2026-04-29 | 21.95x |
| 2026-04-28 | 21.86x |
| 2026-04-27 | 22.59x |
| 2026-04-24 | 22.44x |
| 2026-04-23 | 21.31x |
| 2026-04-22 | 21.58x |
| 2026-04-21 | 20.47x |
| 2026-04-20 | 20.37x |
| 2026-04-17 | 20.61x |
| 2026-04-16 | 21.51x |
| 2026-04-15 | 22.22x |
| 2026-04-14 | 22.51x |
| 2026-04-13 | 21.89x |
| 2026-04-10 | 21.95x |
| 2026-04-09 | 21.64x |
| 2026-04-08 | 21.67x |
| 2026-04-07 | 20.42x |
| 2026-04-06 | 20.20x |
| 2026-04-02 | 20.03x |
| 2026-04-01 | 20.18x |
| 2026-03-31 | 19.97x |
| 2026-03-30 | 18.67x |
| 2026-03-27 | 19.29x |
| 2026-03-26 | 19.25x |
| 2026-03-25 | 20.56x |
| 2026-03-24 | 20.29x |
| 2026-03-23 | 20.00x |
| 2026-03-20 | 19.44x |
| 2026-03-19 | 20.02x |
| 2026-03-18 | 20.07x |
| 2026-03-17 | 20.46x |
| 2026-03-16 | 20.11x |
| 2026-03-13 | 19.99x |
| 2026-03-12 | 19.89x |
| 2026-03-11 | 20.98x |
| 2026-03-10 | 20.52x |
| 2026-03-09 | 20.62x |
| 2026-03-06 | 20.02x |
| 2026-03-05 | 20.93x |
| 2026-03-04 | 21.15x |
| 2026-03-03 | 20.89x |
| 2026-03-02 | 21.86x |
| 2026-02-27 | 22.19x |
| 2026-02-26 | 22.33x |
| 2026-02-25 | 22.99x |
| 2026-02-24 | 22.87x |
| 2026-02-23 | 21.92x |
| 2026-02-20 | 21.95x |
| 2026-02-19 | 21.33x |
| 2026-02-18 | 21.44x |
| 2026-02-17 | 21.56x |
| 2026-02-13 | 21.69x |
| 2026-02-12 | 21.80x |
| 2026-02-11 | 22.17x |
| 2026-02-10 | 21.42x |
| 2026-02-09 | 21.03x |
| 2026-02-06 | 20.63x |
| 2026-02-05 | 19.53x |
| 2026-02-04 | 19.23x |
| 2026-02-03 | 19.83x |
| 2026-02-02 | 20.17x |
| 2026-01-30 | 19.52x |
| 2026-01-29 | 20.06x |
| 2026-01-28 | 20.23x |
| 2026-01-27 | 19.99x |
| 2026-01-26 | 19.65x |
| 2026-01-23 | 19.78x |
| 2026-01-22 | 19.33x |
| 2026-01-21 | 19.25x |
| 2026-01-20 | 19.31x |
| 2026-01-16 | 20.24x |
| 2026-01-15 | 20.19x |
| 2026-01-14 | 19.31x |
| 2026-01-13 | 19.56x |
| 2026-01-12 | 19.59x |
| 2026-01-09 | 19.10x |
| 2026-01-08 | 18.76x |
| 2026-01-07 | 18.80x |
| 2026-01-06 | 19.33x |
| 2026-01-05 | 19.01x |
| 2026-01-02 | 18.85x |
| 2025-12-31 | 17.90x |
| 2025-12-30 | 17.65x |
| 2025-12-29 | 17.72x |
| 2025-12-26 | 17.84x |
| 2025-12-24 | 17.59x |
| 2025-12-23 | 17.48x |
| 2025-12-22 | 17.26x |
| 2025-12-19 | 16.99x |
| 2025-12-18 | 16.73x |
| 2025-12-17 | 16.26x |
| 2025-12-16 | 16.87x |
| 2025-12-15 | 16.92x |
| 2025-12-12 | 17.18x |
| 2025-12-11 | 17.96x |
| 2025-12-10 | 18.28x |
| 2025-12-09 | 17.87x |
| 2025-12-08 | 17.78x |
| 2025-12-05 | 17.34x |
| 2025-12-04 | 17.23x |
| 2025-12-03 | 17.39x |
| 2025-12-02 | 17.18x |
| 2025-12-01 | 16.92x |
| 2025-11-28 | 17.15x |
| 2025-11-26 | 17.05x |
| 2025-11-25 | 16.73x |
| 2025-11-24 | 16.73x |
| 2025-11-21 | 16.15x |
| 2025-11-20 | 16.30x |
| 2025-11-19 | 16.59x |
| 2025-11-18 | 16.32x |
| 2025-11-17 | 16.57x |
| 2025-11-14 | 16.74x |
| 2025-11-13 | 16.58x |
| 2025-11-12 | 17.09x |
| 2025-11-11 | 17.13x |
| 2025-11-10 | 17.38x |
| 2025-11-07 | 16.84x |
| 2025-11-06 | 17.01x |
| 2025-11-05 | 17.28x |
| 2025-11-04 | 17.30x |
| 2025-11-03 | 17.96x |
| 2025-10-31 | 17.69x |
| 2025-10-30 | 17.86x |
| 2025-10-29 | 17.97x |
| 2025-10-28 | 17.76x |
| 2025-10-27 | 17.56x |
| 2025-10-24 | 17.36x |
| 2025-10-23 | 17.10x |
| 2025-10-22 | 16.99x |
| 2025-10-21 | 17.33x |
| 2025-10-20 | 17.52x |
| 2025-10-17 | 17.36x |
| 2025-10-16 | 18.75x |
| 2025-10-15 | 19.06x |
| 2025-10-14 | 18.50x |
| 2025-10-13 | 18.95x |
| 2025-10-10 | 17.51x |
| 2025-10-09 | 18.75x |
| 2025-10-08 | 19.05x |
| 2025-10-07 | 18.37x |
| 2025-10-06 | 18.92x |
| 2025-10-03 | 18.26x |
| 2025-10-02 | 17.99x |
| 2025-10-01 | 18.02x |
| 2025-09-30 | 17.42x |
| 2025-09-29 | 17.03x |
| 2025-09-26 | 17.04x |
| 2025-09-25 | 17.25x |
| 2025-09-24 | 17.51x |
| 2025-09-23 | 17.64x |
| 2025-09-22 | 16.99x |
| 2025-09-19 | 16.49x |
| 2025-09-18 | 16.73x |
| 2025-09-17 | 16.36x |
| 2025-09-16 | 16.31x |
| 2025-09-15 | 16.27x |
| 2025-09-12 | 16.13x |
| 2025-09-11 | 16.11x |
| 2025-09-10 | 16.20x |
| 2025-09-09 | 15.59x |
| 2025-09-08 | 15.35x |
| 2025-09-05 | 15.10x |
| 2025-09-04 | 14.57x |
| 2025-09-03 | 14.33x |
| 2025-09-02 | 14.13x |
| 2025-08-29 | 14.29x |
| 2025-08-28 | 14.77x |
Showing the most recent 260 of 4,930 data points. The chart above shows the full history.
