JPM vs TSM: Which Is the Better Buy?
Side-by-side comparison of JPMorgan Chase & Co. and Taiwan Semiconductor Manufacturing Company Limited — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-04-11.
JPMorgan Chase & Co. · Financial Services
$309.87
-6.4% upside to fair value
High Conviction
Grade A-
VS
Taiwan Semiconductor Manufacturing Company Limited · Technology
$365.90
-3.8% upside to fair value
Med Conviction
Grade B+
QuantHub Verdict
TSM has more upside to fair value
(-3.8%).
JPM trades at a lower forward P/E
(14.3x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
JPM |
TSM |
| Current Price |
$309.87 |
$365.90 |
| Fair Value Estimate |
$290.00 |
$352.00 |
| Upside to Fair Value |
-6.4%
|
-3.8%
|
| Market Cap |
$835.7B |
$1,897.7B |
| Forward P/E |
14.3x
|
26.0x
|
| EV / EBITDA |
17.6x
|
18.1x
|
| Price / Sales |
3.0x
|
13.3x
|
| Price / FCF |
—
|
54.0x
|
| Revenue Growth YoY |
+3.3%
|
+33.0%
|
| Gross Margin |
59.99%
|
59.9%
|
| Operating Margin |
25.9%
|
50.8%
|
| Return on Equity |
15.95%
|
35.1%
|
| Dividend Yield |
1.9% |
1.05% |
| FCF Yield |
—
|
1.85%
|
| Analyst Consensus |
Overweight
|
Strong Buy
|
Investment Thesis
JPMorgan Chase is the largest U.S. bank by assets ($4.4T) and the most diversified financial services franchise globally, operating across consumer banking, investment banking, commercial banking, and asset management. Under Jamie Dimon's two-decade leadership, the firm has consistently gained market share, delivered sector-leading ROE of 16%, and invested aggressively in technology ($17B+ annual…
TSMC remains the single most critical company in the global semiconductor supply chain, manufacturing virtually every leading-edge AI chip for NVIDIA, Apple, AMD, and the hyperscalers. The company delivered exceptional 2025 results with 33% revenue growth and 50% net income growth, driven by HPC surging to 55% of Q4 revenue. At the 3nm node, TSMC maintains production yields of 70-80% versus Samsu…
Accumulation Zones
| Metric |
JPM |
TSM |
| Zone Low |
$220.00 |
$265.00 |
| Zone High |
$250.00 |
$310.00 |
| In Buy Zone? |
No
|
No
|