ASML vs. TSM: ASML vs. Taiwan Semiconductor Mfg Stock Comparison

October 26, 2026

How do ASML (ASML) and Taiwan Semiconductor Mfg (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

ASML (ASML) and Taiwan Semiconductor Mfg (TSM) both belong to the Semiconductors & Semiconductor Equipment industry, though ASML is classified under Semiconductor Materials & Equipment while TSM falls under Semiconductors.

Both ASML (ASML) and Taiwan Semiconductor Mfg (TSM) trade as ADRs — their core financials are comparable, but keep FX, depositary-program fees, and dividend withholding in view for each.

Company profile comparison for ASML (ASML) and Taiwan Semiconductor Mfg (TSM)
Profile Item	ASML	TSM
Name	ASML Holding N.V. NY Registered Shares	Taiwan Semiconductor Manufacturing Company Ltd. ADR
Country/Region	Netherlands	Taiwan
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Semiconductors & Semiconductor Equipment	Semiconductors & Semiconductor Equipment
GICS Industry	Semiconductors & Semiconductor Equipment	Semiconductors & Semiconductor Equipment
GICS Sub-Industry	Semiconductor Materials & Equipment	Semiconductors
Market Capitalization	605.80 billion USD	2,170.59 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	March 15, 1995	October 9, 1997
Security Type	ADR	ADR

Price Performance

Cumulative Growth

ASML

TSM

GSPC

ASML (ASML) vs. Taiwan Semiconductor Mfg (TSM), with S&P 500 (GSPC) for reference: 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 ASML (ASML) and Taiwan Semiconductor Mfg (TSM). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for ASML (ASML) and Taiwan Semiconductor Mfg (TSM). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for ASML (ASML) and Taiwan Semiconductor Mfg (TSM)
Metric	ASML	TSM
Total Return (1Y)	52.66%	45.48%
Total Return (3Y, Annualized)	39.96%	68.46%
Total Return (5Y, Annualized)	15.52%	31.75%

Risk Profile

Drawdown History

ASML

TSM

GSPC

ASML (ASML) vs. Taiwan Semiconductor Mfg (TSM), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for ASML (ASML) and Taiwan Semiconductor Mfg (TSM). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for ASML (ASML) and Taiwan Semiconductor Mfg (TSM)
Metric	ASML	TSM
Volatility (1Y, Annualized)	46.60%	39.14%
Beta (5Y)	1.80	1.43
Max Drawdown (5Y)	-56.47%	-56.47%
Avg. Volume (3M)	1.42M	11.02M

Risk-Adjusted Performance

Risk-Return Positioning

ASML and TSM are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for ASML (ASML) and Taiwan Semiconductor Mfg (TSM)
Metric	ASML	TSM
Sharpe Ratio (1Y)	1.04	1.05
Sortino Ratio (1Y)	1.57	1.58

Profitability

ROE (TTM)

Both companies show strong equity returns, but ASML (ASML) at 65.64% is the standout with ROE above its industry range; Taiwan Semiconductor Mfg (TSM) at 41.86% also sits in the top quartile.

ASML

Semiconductors & Semiconductor Equipment industry group

65.64%

ASML: 65.64%
Max: 44.25%
Q3: 21.16%
Median: 9.12%
Q1: -2.07%
Min: -16.89%

TSM

Semiconductors & Semiconductor Equipment industry group

41.86%

Max: 44.25%
TSM: 41.86%
Q3: 21.16%
Median: 9.12%
Q1: -2.07%
Min: -16.89%

ASML (ASML) vs. Taiwan Semiconductor Mfg (TSM): A comparison of their ROE against the Semiconductors & Semiconductor Equipment industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both ASML (ASML) at 34.14% and Taiwan Semiconductor Mfg (TSM) at 51.12% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

ASML

Semiconductors & Semiconductor Equipment industry group

34.14%

Max: 58.15%
ASML: 34.14%
Q3: 24.02%
Median: 10.09%
Q1: 0.00%
Min: -34.50%

TSM

Semiconductors & Semiconductor Equipment industry group

51.12%

Max: 58.15%
TSM: 51.12%
Q3: 24.02%
Median: 10.09%
Q1: 0.00%
Min: -34.50%

ASML (ASML) vs. Taiwan Semiconductor Mfg (TSM): A comparison of their net margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Operating Margin (TTM)

Taiwan Semiconductor Mfg (TSM) at 58.66% shows unusually strong operating efficiency — above its industry’s operating margin range — and ASML (ASML) at 44.36% also operates in the top quartile.

ASML

Semiconductors & Semiconductor Equipment industry group

44.36%

Max: 54.31%
ASML: 44.36%
Q3: 23.80%
Median: 15.10%
Q1: 3.21%
Min: -27.51%

TSM

Semiconductors & Semiconductor Equipment industry group

58.66%

TSM: 58.66%
Max: 54.31%
Q3: 23.80%
Median: 15.10%
Q1: 3.21%
Min: -27.51%

ASML (ASML) vs. Taiwan Semiconductor Mfg (TSM): A comparison of their operating margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for ASML (ASML) and Taiwan Semiconductor Mfg (TSM)
Metric	ASML	TSM
ROE (TTM)	65.64%	41.86%
ROA (TTM)	18.28%	20.58%
Net Margin (TTM)	34.14%	51.12%
Operating Margin (TTM)	44.36%	58.66%
Gross Margin (TTM)	54.34%	65.85%

Growth

Revenue Growth

Taiwan Semiconductor Mfg (TSM) at 31.61% sits in the top revenue growth quartile, while ASML (ASML) at 15.58% is closer to the peer norm — faster top-line expansion for TSM.

ASML (ASML) vs. Taiwan Semiconductor Mfg (TSM): A comparison of their Revenue Growth across different time periods.

EPS Growth

Taiwan Semiconductor Mfg (TSM) at 44.69% sits in the top EPS growth quartile, while ASML (ASML) at 28.43% is closer to the peer norm — faster per-share earnings growth for TSM.

ASML (ASML) vs. Taiwan Semiconductor Mfg (TSM): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for ASML (ASML) and Taiwan Semiconductor Mfg (TSM)
Metric	ASML	TSM
Revenue Growth (YoY)	15.58%	31.61%
Revenue Growth (3Y CAGR)	15.55%	18.94%
EPS Growth (YoY)	28.43%	44.69%
EPS Growth (3Y CAGR)	15.42%	18.65%

Financial Strength

Current Ratio (MRQ)

Taiwan Semiconductor Mfg (TSM) at 2.51 keeps current ratio within its industry’s typical mid-range, while ASML (ASML) at 1.49 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for ASML.

ASML

Semiconductors & Semiconductor Equipment industry group

1.49

Max: 9.75
Q3: 5.37
Median: 3.30
Q1: 2.25
ASML: 1.49
Min: 1.03

TSM

Semiconductors & Semiconductor Equipment industry group

2.51

Max: 9.75
Q3: 5.37
Median: 3.30
TSM: 2.51
Q1: 2.25
Min: 1.03

ASML (ASML) vs. Taiwan Semiconductor Mfg (TSM): A comparison of their current ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Debt / Equity (MRQ)

Both ASML (ASML) at 0.09 and Taiwan Semiconductor Mfg (TSM) at 0.12 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

ASML

Semiconductors & Semiconductor Equipment industry group

0.09

Max: 1.44
Q3: 0.65
Median: 0.18
ASML: 0.09
Q1: 0.04
Min: 0.00

TSM

Semiconductors & Semiconductor Equipment industry group

0.12

Max: 1.44
Q3: 0.65
Median: 0.18
TSM: 0.12
Q1: 0.04
Min: 0.00

ASML (ASML) vs. Taiwan Semiconductor Mfg (TSM): A comparison of their debt-to-equity ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for ASML (ASML) and Taiwan Semiconductor Mfg (TSM)
Metric	ASML	TSM
Current Ratio (MRQ)	1.49	2.51
Debt / Equity (MRQ)	0.09	0.12
Net Debt / EBITDA	-0.67	-0.89

Dividends

Dividend Yield (TTM)

ASML (ASML) at 0.48% pays an industry-typical yield; Taiwan Semiconductor Mfg (TSM) at 1.46% is above its entire peer range — the higher number, but one that calls for a look at payout sustainability before treating it as an advantage.

ASML

Semiconductors & Semiconductor Equipment industry group

0.48%

Max: 1.12%
Q3: 0.48%
ASML: 0.48%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

TSM

Semiconductors & Semiconductor Equipment industry group

1.46%

TSM: 1.46%
Max: 1.12%
Q3: 0.48%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

ASML (ASML) vs. Taiwan Semiconductor Mfg (TSM): A comparison of their dividend yield against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

Both ASML (ASML) at 22.26% and Taiwan Semiconductor Mfg (TSM) at 24.46% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

ASML

Semiconductors & Semiconductor Equipment industry group

22.26%

Max: 45.89%
ASML: 22.26%
Q3: 19.14%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

TSM

Semiconductors & Semiconductor Equipment industry group

24.46%

Max: 45.89%
TSM: 24.46%
Q3: 19.14%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

ASML (ASML) vs. Taiwan Semiconductor Mfg (TSM): A comparison of their payout ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for ASML (ASML) and Taiwan Semiconductor Mfg (TSM)
Metric	ASML	TSM
Dividend Yield (TTM)	0.48%	1.46%
Dividend Payout Ratio (TTM)	22.26%	24.46%

Valuation

P/E Ratio (TTM)

Both ASML (ASML) at 38.68 and Taiwan Semiconductor Mfg (TSM) at 27.12 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

ASML

Semiconductors & Semiconductor Equipment industry group

38.68

Max: 131.83
Q3: 75.24
Median: 42.42
ASML: 38.68
Q1: 26.67
Min: 8.74

TSM

Semiconductors & Semiconductor Equipment industry group

27.12

Max: 131.83
Q3: 75.24
Median: 42.42
TSM: 27.12
Q1: 26.67
Min: 8.74

ASML (ASML) vs. Taiwan Semiconductor Mfg (TSM): A comparison of their P/E ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/S Ratio (TTM)

Taiwan Semiconductor Mfg (TSM) at 0.44 looks cheap on sales in the lower P/S ratio quartile, while ASML (ASML) at 15.35 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

ASML

Semiconductors & Semiconductor Equipment industry group

15.35

Max: 29.47
ASML: 15.35
Q3: 13.72
Median: 6.92
Q1: 3.08
Min: 0.01

TSM

Semiconductors & Semiconductor Equipment industry group

0.44

Max: 29.47
Q3: 13.72
Median: 6.92
Q1: 3.08
TSM: 0.44
Min: 0.01

ASML (ASML) vs. Taiwan Semiconductor Mfg (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 ASML (ASML) at 1,349.62 and Taiwan Semiconductor Mfg (TSM) at 79.87 look expensive — each P/B ratio sits above its industry’s benchmark range.

ASML

Semiconductors & Semiconductor Equipment industry group

1,349.62

ASML: 1,349.62
Max: 16.75
Q3: 8.96
Median: 4.96
Q1: 2.62
Min: 0.16

TSM

Semiconductors & Semiconductor Equipment industry group

79.87

TSM: 79.87
Max: 16.75
Q3: 8.96
Median: 4.96
Q1: 2.62
Min: 0.16

ASML (ASML) vs. Taiwan Semiconductor Mfg (TSM): A comparison of their P/B ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for ASML (ASML) and Taiwan Semiconductor Mfg (TSM)
Metric	ASML	TSM
P/E Ratio (TTM)	38.68	27.12
P/S Ratio (TTM)	15.35	0.44
P/B Ratio (MRQ)	1,349.62	79.87
Free Cash Flow Yield (TTM)	1.71%	55.43%