DELL vs TSM: Which Is the Better Buy?
Side-by-side comparison of Dell Technologies Inc. and Taiwan Semiconductor Manufacturing Company Limited — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-09-23.
Dell Technologies Inc. · Technology
$569.00
-32.5% upside to fair value
Low Conviction
Grade C
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 |
DELL |
TSM |
| Current Price |
$569.00 |
$452.00 |
| Fair Value Estimate |
$383.93 |
$515.00 |
| Upside to Fair Value |
-32.5%
|
+13.9%
|
| Market Cap |
$378.0B |
$2,344.3B |
| Forward P/E |
—
|
—
|
| EV / EBITDA |
21.8x
|
19.2x
|
| Price / Sales |
2.5x
|
0.5x
|
| Price / FCF |
42.9x
|
2.1x
|
| Revenue Growth YoY |
+57.7%
|
+36.0%
|
| Gross Margin |
19.8%
|
64.2%
|
| Operating Margin |
9.6%
|
56.0%
|
| Return on Equity |
-574.6%
|
39.3%
|
| Dividend Yield |
0.41% |
0.96% |
| FCF Yield |
2.33%
|
47.62%
|
| Analyst Consensus |
Buy
|
Buy
|
Investment Thesis
Dell Technologies is a $378 billion market-cap computer hardware vendor spanning Infrastructure Solutions Group (servers, storage, networking), Client Solutions Group (PCs, displays, peripherals), and a VMware-related software franchise, led by founder-CEO Michael Dell. The business is fundamentally low-quality on the numbers: TTM gross margin is 19.8%, operating margin 9.6%, and net margin 7.5%,…
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 |
DELL |
TSM |
| Zone Low |
$287.95 |
$386.25 |
| Zone High |
$326.34 |
$437.75 |
| In Buy Zone? |
No
|
No
|