TSM vs. V: Taiwan Semiconductor Mfg vs. Visa Stock Comparison

November 11, 2026

How do Taiwan Semiconductor Mfg (TSM) and Visa (V) 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

Taiwan Semiconductor Mfg (TSM) is classified in the Information Technology sector (Semiconductors & Semiconductor Equipment), whereas Visa (V) belongs to Financials (Financial Services) — their GICS classifications point to very different parts of the market.

Visa (V) trades as ordinary local shares, while Taiwan Semiconductor Mfg (TSM) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Taiwan Semiconductor Mfg (TSM) and Visa (V)
Profile Item	TSM	V
Name	Taiwan Semiconductor Manufacturing Company Ltd. ADR	Visa Inc. Class A
Country/Region	Taiwan	United States
GICS Sector	Information Technology	Financials
GICS Industry Group	Semiconductors & Semiconductor Equipment	Financial Services
GICS Industry	Semiconductors & Semiconductor Equipment	Financial Services
GICS Sub-Industry	Semiconductors	Transaction & Payment Processing Services
Market Capitalization	1,947.21 billion USD	788.58 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	October 9, 1997	March 19, 2008
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

TSM

GSPC

Taiwan Semiconductor Mfg (TSM) vs. Visa (V), 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 Taiwan Semiconductor Mfg (TSM) and Visa (V). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Taiwan Semiconductor Mfg (TSM) and Visa (V)
Metric	TSM	V
Total Return (1Y)	37.26%	27.50%
Total Return (3Y, Annualized)	64.12%	21.55%
Total Return (5Y, Annualized)	28.19%	15.65%

Risk Profile

Drawdown History

TSM

GSPC

Taiwan Semiconductor Mfg (TSM) vs. Visa (V), 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 Taiwan Semiconductor Mfg (TSM) and Visa (V). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Taiwan Semiconductor Mfg (TSM) and Visa (V)
Metric	TSM	V
Volatility (1Y, Annualized)	41.69%	22.99%
Beta (5Y)	1.45	0.78
Max Drawdown (5Y)	-56.47%	-24.14%
Avg. Volume (3M)	11.20M	6.56M

Risk-Adjusted Performance

Risk-Return Positioning

TSM and V are plotted by 1-year volatility (risk) and 1-year return. Each dashed Capital Allocation Line uses that stock's own industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Taiwan Semiconductor Mfg (TSM) and Visa (V)
Metric	TSM	V
Sharpe Ratio (1Y)	0.79	1.01
Sortino Ratio (1Y)	1.15	1.64

Profitability

ROE (TTM)

Both companies show strong equity returns, but Visa (V) at 63.51% is the standout with ROE above its industry range; Taiwan Semiconductor Mfg (TSM) at 41.86% also sits in the top quartile.

TSM

Semiconductors & Semiconductor Equipment industry group

41.86%

Max: 52.82%
TSM: 41.86%
Q3: 22.26%
Median: 10.58%
Q1: 1.29%
Min: -16.89%

V

Financial Services industry group

63.51%

V: 63.51%
Max: 44.78%
Q3: 21.85%
Median: 12.91%
Q1: 4.48%
Min: -18.71%

Taiwan Semiconductor Mfg (TSM) vs. Visa (V): A comparison of their ROE against their respective Semiconductors & Semiconductor Equipment and Financial Services industry group benchmarks.

Net Margin (TTM)

For every dollar of sales, both Taiwan Semiconductor Mfg (TSM) at 51.12% and Visa (V) at 51.20% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

TSM

Semiconductors & Semiconductor Equipment industry group

51.12%

Max: 63.80%
TSM: 51.12%
Q3: 28.36%
Median: 11.44%
Q1: 0.90%
Min: -37.77%

V

Financial Services industry group

51.20%

Max: 62.84%
V: 51.20%
Q3: 28.05%
Median: 15.36%
Q1: 4.82%
Min: -28.52%

Taiwan Semiconductor Mfg (TSM) vs. Visa (V): A comparison of their net margin against their respective Semiconductors & Semiconductor Equipment and Financial Services industry group benchmarks.

Operating Margin (TTM)

Both Taiwan Semiconductor Mfg (TSM) at 58.66% and Visa (V) at 63.73% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

TSM

Semiconductors & Semiconductor Equipment industry group

58.66%

TSM: 58.66%
Max: 58.66%
Q3: 30.23%
Median: 15.91%
Q1: 7.54%
Min: -25.74%

V

Financial Services industry group

63.73%

Max: 107.33%
V: 63.73%
Q3: 55.90%
Median: 30.09%
Q1: 14.60%
Min: -44.34%

Taiwan Semiconductor Mfg (TSM) vs. Visa (V): A comparison of their operating margin against their respective Semiconductors & Semiconductor Equipment and Financial Services industry group benchmarks.

Profitability Metrics

Profitability metrics for Taiwan Semiconductor Mfg (TSM) and Visa (V)
Metric	TSM	V
ROE (TTM)	41.86%	63.51%
ROA (TTM)	20.58%	19.61%
Net Margin (TTM)	51.12%	51.20%
Operating Margin (TTM)	58.66%	63.73%
Gross Margin (TTM)	65.85%	--

Growth

Revenue Growth

Taiwan Semiconductor Mfg (TSM) at 31.61% sits in the top revenue growth quartile, while Visa (V) at 14.76% is closer to the peer norm — faster top-line expansion for TSM.

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

EPS Growth

Taiwan Semiconductor Mfg (TSM) at 46.41% sits in the top EPS growth quartile, while Visa (V) at 20.78% is closer to the peer norm — faster per-share earnings growth for TSM.

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

Growth Metrics

Growth metrics for Taiwan Semiconductor Mfg (TSM) and Visa (V)
Metric	TSM	V
Revenue Growth (YoY)	31.61%	14.76%
Revenue Growth (3Y CAGR)	18.94%	12.02%
EPS Growth (YoY)	46.41%	20.78%
EPS Growth (3Y CAGR)	19.12%	14.16%

Financial Strength

Current Ratio (MRQ)

Taiwan Semiconductor Mfg (TSM) shows current ratio of 2.51; Visa (V) doesn’t get one — Financial Services balance sheets aren’t split into current and non-current buckets, so short-term liquidity there is judged through regulatory measures instead.

TSM

Semiconductors & Semiconductor Equipment industry group

2.51

Max: 10.33
Q3: 5.62
Median: 3.33
TSM: 2.51
Q1: 2.35
Min: 1.03

V

Financial Services industry group

V: --
Max: --
Q3: --
Median: --
Q1: --
Min: --

Taiwan Semiconductor Mfg (TSM) vs. Visa (V): V’s current ratio is not assessed under the Financial Services industry convention, so the chart shows available visual context for TSM only.

Debt / Equity (MRQ)

Taiwan Semiconductor Mfg (TSM) shows debt-to-equity ratio of 0.12; for Visa (V) the ratio is set aside — in Financial Services, balance-sheet leverage is part of the business model itself, so capital-adequacy measures do the job this ratio does elsewhere.

TSM

Semiconductors & Semiconductor Equipment industry group

0.12

Max: 1.46
Q3: 0.65
Median: 0.27
TSM: 0.12
Q1: 0.04
Min: 0.00

V

Financial Services industry group

V: --
Max: --
Q3: --
Median: --
Q1: --
Min: --

Taiwan Semiconductor Mfg (TSM) vs. Visa (V): V’s debt-to-equity ratio is not assessed under the Financial Services industry convention, so the chart shows available visual context for TSM only.

Financial Strength Metrics

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

Dividends

Dividend Yield (TTM)

Visa (V) at 0.66% pays an industry-typical yield; Taiwan Semiconductor Mfg (TSM) at 1.70% 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.

TSM

Semiconductors & Semiconductor Equipment industry group

1.70%

TSM: 1.70%
Max: 1.37%
Q3: 0.65%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

V

Financial Services industry group

0.66%

Max: 9.77%
Q3: 3.92%
Median: 1.09%
V: 0.66%
Q1: 0.00%
Min: 0.00%

Taiwan Semiconductor Mfg (TSM) vs. Visa (V): A comparison of their dividend yield against their respective Semiconductors & Semiconductor Equipment and Financial Services industry group benchmarks.

Dividend Payout Ratio (TTM)

Visa (V) at 21.75% pays out a band-typical share of earnings, while Taiwan Semiconductor Mfg (TSM) at 24.46% distributes more than its industry norm — less retained, thinner cover.

TSM

Semiconductors & Semiconductor Equipment industry group

24.46%

Max: 49.64%
TSM: 24.46%
Q3: 21.71%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

V

Financial Services industry group

21.75%

Max: 241.07%
Q3: 97.36%
Median: 25.77%
V: 21.75%
Q1: 0.00%
Min: 0.00%

Taiwan Semiconductor Mfg (TSM) vs. Visa (V): A comparison of their payout ratio against their respective Semiconductors & Semiconductor Equipment and Financial Services industry group benchmarks.

Dividend Metrics

Dividend metrics for Taiwan Semiconductor Mfg (TSM) and Visa (V)
Metric	TSM	V
Dividend Yield (TTM)	1.70%	0.66%
Dividend Payout Ratio (TTM)	24.46%	21.75%

Valuation

P/E Ratio (TTM)

Taiwan Semiconductor Mfg (TSM) at 24.33 is near its industry’s usual P/E ratio, while Visa (V) at 34.31 sits in the richer quartile — V needs stronger growth or earnings quality to justify the premium.

TSM

Semiconductors & Semiconductor Equipment industry group

24.33

Max: 110.34
Q3: 66.81
Median: 37.02
TSM: 24.33
Q1: 23.96
Min: 8.12

V

Financial Services industry group

34.31

Max: 45.85
V: 34.31
Q3: 24.64
Median: 15.37
Q1: 9.68
Min: 0.16

Taiwan Semiconductor Mfg (TSM) vs. Visa (V): A comparison of their P/E ratio against their respective Semiconductors & Semiconductor Equipment and Financial Services industry group benchmarks.

P/S Ratio (TTM)

Taiwan Semiconductor Mfg (TSM) at 0.39 sits in the cheaper P/S ratio quartile while Visa (V) at 17.18 prices above its industry range — a wide gap in sales valuation between them.

TSM

Semiconductors & Semiconductor Equipment industry group

0.39

Max: 21.42
Q3: 12.27
Median: 5.76
Q1: 2.73
TSM: 0.39
Min: 0.00

V

Financial Services industry group

17.18

V: 17.18
Max: 9.23
Q3: 4.57
Median: 2.72
Q1: 1.28
Min: -0.55

Taiwan Semiconductor Mfg (TSM) vs. Visa (V): A comparison of their P/S ratio against their respective Semiconductors & Semiconductor Equipment and Financial Services industry group benchmarks.

P/B Ratio (MRQ)

Measured against book value, both Taiwan Semiconductor Mfg (TSM) at 71.65 and Visa (V) at 22.05 look expensive — each P/B ratio sits above its industry’s benchmark range.

TSM

Semiconductors & Semiconductor Equipment industry group

71.65

TSM: 71.65
Max: 14.06
Q3: 7.44
Median: 4.29
Q1: 2.30
Min: 0.20

V

Financial Services industry group

22.05

V: 22.05
Max: 7.79
Q3: 3.63
Median: 1.57
Q1: 0.81
Min: -0.39

Taiwan Semiconductor Mfg (TSM) vs. Visa (V): A comparison of their P/B ratio against their respective Semiconductors & Semiconductor Equipment and Financial Services industry group benchmarks.

Valuation Metrics

Valuation metrics for Taiwan Semiconductor Mfg (TSM) and Visa (V)
Metric	TSM	V
P/E Ratio (TTM)	24.33	34.31
P/S Ratio (TTM)	0.39	17.18
P/B Ratio (MRQ)	71.65	22.05
Free Cash Flow Yield (TTM)	61.78%	--