DHR vs TSM: Which Is the Better Buy?
Side-by-side comparison of Danaher Corporation and Taiwan Semiconductor Manufacturing Company Limited — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-06-20.
Danaher Corporation · Healthcare
$177.17
+8.9% upside to fair value
Grade B
High Quality
VS
Taiwan Semiconductor Manufacturing Company Limited · Technology
$462.12
+45.0% upside to fair value
Grade C
High Quality
QuantHub Verdict
TSM has more upside to fair value
(+45.0%).
TSM trades at a lower forward P/E
(32.4x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
DHR |
TSM |
| Current Price |
$177.17 |
$462.12 |
| Fair Value Estimate |
$192.90 |
$670.07 |
| Upside to Fair Value |
+8.9%
|
+45.0%
|
| Market Cap |
$125.4B |
$2,396.8B |
| Forward P/E |
34.1x
|
32.4x
|
| EV / EBITDA |
20.8x
|
20.5x
|
| Price / Sales |
5.1x
|
15.2x
|
| Price / FCF |
23.7x
|
61.4x
|
| Revenue Growth YoY |
+3.7%
|
+35.1%
|
| Gross Margin |
60.7%
|
61.9%
|
| Operating Margin |
21.0%
|
53.2%
|
| Return on Equity |
7.1%
|
36.9%
|
| Dividend Yield |
0% |
0% |
| FCF Yield |
4.22%
|
1.63%
|
| Analyst Consensus |
Strong Buy
|
Strong Buy
|
Investment Thesis
Danaher Corporation operates in the healthcare sector, specializing in medical diagnostics and research tools through three balanced platforms: Biotechnology, Life Sciences, and Diagnostics. The company benefits from a durable competitive moat supported by the Danaher Business System, disciplined capital allocation, and a platform-centric organizational structure. Despite modest revenue growth of…
Taiwan Semiconductor Manufacturing Company Limited (TSMC) is the world's leading semiconductor foundry, commanding over 60-70% global market share in advanced process nodes. The company benefits from a very strong and widening moat driven by unmatched EUV-intensive capacity and a conservative, shareholder-friendly capital allocation strategy. TSMC's business quality is high, with robust profitabi…
Accumulation Zones
| Metric |
DHR |
TSM |
| Zone Low |
$144.68 |
$502.55 |
| Zone High |
$163.97 |
$569.56 |
| In Buy Zone? |
No
|
Yes
|