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ALAB vs. TSM: Astera Labs vs. TSMC Stock Comparison

How do Astera Labs (ALAB) and TSMC (TSM) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Astera Labs (ALAB) and TSMC (TSM) are both classified in the Semiconductors sub-industry within the broader Semiconductors & Semiconductor Equipment industry, placing them in the closest GICS peer bucket.

TSMC (TSM) carries decades of public-market history since October 9, 1997, while Astera Labs (ALAB) listed on March 20, 2024 — long-window comparisons have far more historical data on the TSM side.

Astera Labs (ALAB) trades as ordinary local shares, while TSMC (TSM) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Astera Labs (ALAB) and TSMC (TSM)
Profile ItemALABTSM
NameASTERA LABS INC COMMON STOCK (Ticker: 1ALAB)Taiwan Semiconductor Manufacturing Co. Ltd. ADR
Country/RegionUnited StatesTaiwan
GICS SectorInformation TechnologyInformation Technology
GICS Industry GroupSemiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment
GICS Sub-IndustrySemiconductorsSemiconductors
Market Capitalization75.36 billion USD2,425.56 billion USD
CurrencyUSDUSD
ExchangeNasdaqNYSE
Listing DateMarch 20, 2024October 9, 1997
Security TypeCommon StockADR

Performance

Cumulative Growth

ALAB
TSM
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Astera Labs (ALAB) vs. TSMC (TSM): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Astera Labs (ALAB) and TSMC (TSM). Returns over one year are annualized.

Performance at a Glance

Performance metrics for Astera Labs (ALAB) and TSMC (TSM)
MetricALABTSM
Total Return (1Y)372.37%125.69%

Risk

Drawdown

ALAB
TSM
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Astera Labs (ALAB) vs. TSMC (TSM): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Risk at a Glance

Risk metrics for Astera Labs (ALAB) and TSMC (TSM)
MetricALABTSM
Volatility (1Y, Annualized)96.38%37.64%
Beta (5Y)3.721.36
Avg. Volume (3M)5.98M13.56M

Profitability

ROE (TTM)

Both Astera Labs (ALAB) at 21.11% and TSMC (TSM) at 36.21% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

ALAB

Semiconductors & Semiconductor Equipment industry group

21.11%

Max
39.82%
ALAB
21.11%
Q3
17.52%
Median
6.57%
Q1
-4.94%
Min
-35.15%

TSM

Semiconductors & Semiconductor Equipment industry group

36.21%

Max
39.82%
TSM
36.21%
Q3
17.52%
Median
6.57%
Q1
-4.94%
Min
-35.15%
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Astera Labs (ALAB) vs. TSMC (TSM): A comparison of their ROE against the Semiconductors & Semiconductor Equipment industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both Astera Labs (ALAB) at 26.72% and TSMC (TSM) at 46.51% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

ALAB

Semiconductors & Semiconductor Equipment industry group

26.72%

Max
57.72%
ALAB
26.72%
Q3
20.98%
Median
7.10%
Q1
-3.84%
Min
-32.92%

TSM

Semiconductors & Semiconductor Equipment industry group

46.51%

Max
57.72%
TSM
46.51%
Q3
20.98%
Median
7.10%
Q1
-3.84%
Min
-32.92%
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Astera Labs (ALAB) vs. TSMC (TSM): A comparison of their net margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Operating Margin (TTM)

TSMC (TSM) at 58.11% operates in the top operating margin quartile, ahead of Astera Labs (ALAB) at 20.05%, which runs around its industry’s norm.

ALAB

Semiconductors & Semiconductor Equipment industry group

20.05%

Max
65.60%
Q3
21.58%
ALAB
20.05%
Median
9.68%
Q1
-8.51%
Min
-46.64%

TSM

Semiconductors & Semiconductor Equipment industry group

58.11%

Max
65.60%
TSM
58.11%
Q3
21.58%
Median
9.68%
Q1
-8.51%
Min
-46.64%
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Astera Labs (ALAB) vs. TSMC (TSM): A comparison of their operating margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Profitability at a Glance

Profitability metrics for Astera Labs (ALAB) and TSMC (TSM)
MetricALABTSM
ROE (TTM)21.11%36.21%
ROA (TTM)10.07%17.32%
Net Margin (TTM)26.72%46.51%
Operating Margin (TTM)20.05%58.11%
Gross Margin (TTM)75.99%61.87%

Growth

Revenue Growth

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Astera Labs (ALAB) vs. TSMC (TSM): A comparison of their Revenue Growth across different time periods.

Revenue Growth at a Glance

Revenue growth metrics for Astera Labs (ALAB) and TSMC (TSM)
MetricALABTSM
Revenue Growth (YoY)115.13%31.61%
Revenue Growth (3Y CAGR)120.18%18.94%

EPS Growth

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Astera Labs (ALAB) vs. TSMC (TSM): A comparison of their EPS Growth across different time periods.

EPS Growth at a Glance

EPS growth metrics for Astera Labs (ALAB) and TSMC (TSM)
MetricALABTSM
EPS Growth (YoY)--46.41%
EPS Growth (3Y CAGR)--19.12%

Financial Strength

Current Ratio (MRQ)

TSMC (TSM) at 2.49 keeps current ratio within its industry’s typical mid-range, while Astera Labs (ALAB) at 11.30 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

ALAB

Semiconductors & Semiconductor Equipment industry group

11.30

ALAB
11.30
Max
11.30
Q3
6.01
Median
3.26
Q1
2.37
Min
0.51

TSM

Semiconductors & Semiconductor Equipment industry group

2.49

Max
11.30
Q3
6.01
Median
3.26
TSM
2.49
Q1
2.37
Min
0.51
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Astera Labs (ALAB) vs. TSMC (TSM): A comparison of their current ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Debt / Equity (MRQ)

Astera Labs (ALAB) at 0.03 keeps leverage in the lower industry quartile, while TSMC (TSM) at 0.18 runs a more typical debt-to-equity mix.

ALAB

Semiconductors & Semiconductor Equipment industry group

0.03

Max
1.53
Q3
0.64
Median
0.21
Q1
0.04
ALAB
0.03
Min
0.00

TSM

Semiconductors & Semiconductor Equipment industry group

0.18

Max
1.53
Q3
0.64
Median
0.21
TSM
0.18
Q1
0.04
Min
0.00
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Astera Labs (ALAB) vs. TSMC (TSM): A comparison of their debt-to-equity ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Financial Strength at a Glance

Financial strength metrics for Astera Labs (ALAB) and TSMC (TSM)
MetricALABTSM
Current Ratio (MRQ)11.302.49
Debt / Equity (MRQ)0.030.18
Net Debt / EBITDA-4.90-0.80

Dividends

Dividend Yield (TTM)

Astera Labs (ALAB) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile TSMC (TSM) reports a yield of 5.19%, ranking against industry peers normally.

ALAB

Semiconductors & Semiconductor Equipment industry group

0.00%

Max
0.46%
Q3
0.20%
ALAB
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%

TSM

Semiconductors & Semiconductor Equipment industry group

5.19%

TSM
5.19%
Max
0.46%
Q3
0.20%
Median
0.00%
Q1
0.00%
Min
0.00%
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Astera Labs (ALAB) vs. TSMC (TSM): A comparison of their dividend yield against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

Astera Labs (ALAB) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile TSMC (TSM) reports a payout of 27.93%, ranking against industry peers normally.

ALAB

Semiconductors & Semiconductor Equipment industry group

0.00%

Max
41.26%
Q3
19.10%
ALAB
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%

TSM

Semiconductors & Semiconductor Equipment industry group

27.93%

Max
41.26%
TSM
27.93%
Q3
19.10%
Median
0.00%
Q1
0.00%
Min
0.00%
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Astera Labs (ALAB) vs. TSMC (TSM): A comparison of their payout ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividends at a Glance

Dividend metrics for Astera Labs (ALAB) and TSMC (TSM)
MetricALABTSM
Dividend Yield (TTM)0.00%5.19%
Dividend Payout Ratio (TTM)0.00%27.93%

Valuation

P/E Ratio (TTM)

TSMC (TSM) at 40.32 sits in the cheaper P/E ratio quartile, while Astera Labs (ALAB) at 295.07 sits in the richer quartile — a clear split in what investors pay for each dollar of trailing earnings.

ALAB

Semiconductors & Semiconductor Equipment industry group

295.07

ALAB
295.07
Max
295.07
Q3
157.63
Median
76.91
Q1
52.36
Min
6.01

TSM

Semiconductors & Semiconductor Equipment industry group

40.32

Max
295.07
Q3
157.63
Median
76.91
Q1
52.36
TSM
40.32
Min
6.01
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Astera Labs (ALAB) vs. TSMC (TSM): A comparison of their P/E ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/S Ratio (TTM)

TSMC (TSM) at 0.59 sits in the cheaper P/S ratio quartile while Astera Labs (ALAB) at 75.25 prices above its industry range — a wide gap in sales valuation between them.

ALAB

Semiconductors & Semiconductor Equipment industry group

75.25

ALAB
75.25
Max
42.25
Q3
23.59
Median
11.00
Q1
4.78
Min
0.01

TSM

Semiconductors & Semiconductor Equipment industry group

0.59

Max
42.25
Q3
23.59
Median
11.00
Q1
4.78
TSM
0.59
Min
0.01
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Astera Labs (ALAB) vs. TSMC (TSM): A comparison of their P/S ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/B Ratio (MRQ)

Measured against book value, both Astera Labs (ALAB) at 50.41 and TSMC (TSM) at 71.54 look expensive — each P/B ratio sits above its industry’s benchmark range.

ALAB

Semiconductors & Semiconductor Equipment industry group

50.41

ALAB
50.41
Max
28.71
Q3
15.73
Median
8.57
Q1
4.30
Min
0.21

TSM

Semiconductors & Semiconductor Equipment industry group

71.54

TSM
71.54
Max
28.71
Q3
15.73
Median
8.57
Q1
4.30
Min
0.21
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Astera Labs (ALAB) vs. TSMC (TSM): A comparison of their P/B ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Valuation at a Glance

Valuation metrics for Astera Labs (ALAB) and TSMC (TSM)
MetricALABTSM
P/E Ratio (TTM)295.0740.32
P/S Ratio (TTM)75.250.59
P/B Ratio (MRQ)50.4171.54
Free Cash Flow Yield (TTM)0.32%29.65%