TSMC is fundamentally strong but overvalued at 65x CAPE; speaker doubts this multiple is justified.
Bearish
“Unlocking Value in Emerging Markets: Where Are the Opportunities? Juan Torres”
The Acquirers PodcastPublished Sep 21 · 3 passages
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And in Taiwan, you have this amazing company. It's a very good company. TSMC currently makes up 13% of the index. It has risen from 4.5% two years ago to 13% today.
It is trading at 65 times its cyclically adjusted price-to-earnings ratio. I think this is a very high number. But I don't think it's limited to TSMC.
I'm no expert, but I think that in the eyes of many, TSMC is a very strong company. There is no doubt about that. But if it's worth 65 times as much, who knows? I don't think so , but that's my personal opinion.
What this channel has said about $TSM
The Acquirers Podcast has only this one call on this stock.
2026-09-21BearishThis one
And in Taiwan, you have this amazing company. It's a very good company.