ASML vs TSM
ASML Holding N.V. New York Registry Shares vs Taiwan Semiconductor Manufacturing Company Ltd.. Scores ACCE, valorisation, rentabilité et croissance côte à côte.
$TSM wins, and it's not particularly close
$ASML is a genuinely elite business — 52.2% ROE, a Quality score of 96/100, and a 1-year return of +153.4%. But at a trailing P/E of 64.5 and EV/EBITDA of 53.61, the market is pricing in perfection, and our 6-model fair value of $575.04 implies -70.2% downside from the current $1,929.68. That's a brutal valuation gap that no momentum story fully justifies.
$TSM tells a different story. Revenue grew +35.1% YoY and earnings surged +58.4% YoY — the highest growth scores in our model (100/100). A 46.5% net margin and an extraordinary 45.8% FCF yield signal a business printing cash at scale. The forward P/E of 29.7 is a meaningful discount to $ASML's 52.1, and the ACCE composite score of 89/100 versus $ASML's 70/100 reflects that gap across growth, value, and quality simultaneously.
$ASML's analyst consensus target of $1,719.13 actually sits below its current price — a rare warning sign. $TSM's target of $473.40 implies modest upside from $462.12, but the fundamental trajectory is far stronger. For investors prioritizing growth at a reasonable price, $TSM is the clear pick.