CEG vs TSM: Which Is the Better Buy?
Side-by-side comparison of Constellation Energy Corporation and Taiwan Semiconductor Manufacturing Company Limited — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-09-23.
Constellation Energy Corporation · Utilities
$262.11
-4.2% upside to fair value
Med Conviction
Grade C
High Quality
VS
Taiwan Semiconductor Manufacturing Company Limited · Technology
$452.00
+13.9% upside to fair value
Med Conviction
Grade B
High Quality
QuantHub Verdict
TSM has more upside to fair value
(+13.9%).
These are model outputs — not personalized investment advice.
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Valuation & Fundamentals
| Metric |
CEG |
TSM |
| Current Price |
$262.11 |
$452.00 |
| Fair Value Estimate |
$250.98 |
$515.00 |
| Upside to Fair Value |
-4.2%
|
+13.9%
|
| Market Cap |
$94.1B |
$2,344.3B |
| Forward P/E |
—
|
—
|
| EV / EBITDA |
13.9x
|
19.2x
|
| Price / Sales |
3.0x
|
0.5x
|
| Price / FCF |
300.3x
|
2.1x
|
| Revenue Growth YoY |
+23.0%
|
+36.0%
|
| Gross Margin |
94.9%
|
64.2%
|
| Operating Margin |
14.7%
|
56.0%
|
| Return on Equity |
14.7%
|
39.3%
|
| Dividend Yield |
0.64% |
0.96% |
| FCF Yield |
0.33%
|
47.62%
|
| Analyst Consensus |
Strong Buy
|
Buy
|
Investment Thesis
Constellation Energy is the largest U.S. producer of carbon-free electricity, operating roughly 32,400 megawatts of nuclear, gas, wind, solar, and hydro generation across the Mid-Atlantic, Midwest, New York, ERCOT, and other power markets, with a 94.9% TTM gross margin that reflects the low marginal cost of nuclear fuel and the scarcity value of firm clean power. The business quality is genuinely…
Taiwan Semiconductor Manufacturing Company is the world's largest contract chipmaker, manufacturing advanced logic, mixed-signal, RF, and embedded memory wafers for high-performance computing, smartphones, IoT, and automotive customers from a base of 65,152 employees headquartered in Hsinchu, Taiwan. The business quality is exceptionally high: TTM gross margin is 64.2%, TTM operating margin is 56…
Accumulation Zones
| Metric |
CEG |
TSM |
| Zone Low |
$188.23 |
$386.25 |
| Zone High |
$213.33 |
$437.75 |
| In Buy Zone? |
No
|
No
|