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 2026-09-23.
Danaher Corporation · Healthcare
$221.12
+29.6% upside to fair value
Med Conviction
Grade B
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
DHR has more upside to fair value
(+29.6%).
These are model outputs — not personalized investment advice.
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Valuation & Fundamentals
| Metric |
DHR |
TSM |
| Current Price |
$221.12 |
$452.00 |
| Fair Value Estimate |
$286.52 |
$515.00 |
| Upside to Fair Value |
+29.6%
|
+13.9%
|
| Market Cap |
$155.4B |
$2,344.3B |
| Forward P/E |
—
|
—
|
| EV / EBITDA |
24.8x
|
19.2x
|
| Price / Sales |
6.2x
|
0.5x
|
| Price / FCF |
28.5x
|
2.1x
|
| Revenue Growth YoY |
+5.5%
|
+36.0%
|
| Gross Margin |
58.5%
|
64.2%
|
| Operating Margin |
20.4%
|
56.0%
|
| Return on Equity |
7.7%
|
39.3%
|
| Dividend Yield |
0.65% |
0.96% |
| FCF Yield |
3.51%
|
47.62%
|
| Analyst Consensus |
Strong Buy
|
Buy
|
Investment Thesis
Danaher is a diversified life-sciences and diagnostics platform spanning three segments: Life Sciences (mass spectrometers, flow cytometry, genomics, bioprocess technologies), Diagnostics (chemistry, immunoassay, microbiology, hematology, molecular and pathology systems), and Environmental & Applied Solutions (water quality and product-identification instrumentation). The business quality is high…
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 |
DHR |
TSM |
| Zone Low |
$214.89 |
$386.25 |
| Zone High |
$243.54 |
$437.75 |
| In Buy Zone? |
Yes
|
No
|