MS vs TSM: Which Is the Better Buy?
Side-by-side comparison of Morgan Stanley and Taiwan Semiconductor Manufacturing Company Limited — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-04-22.
Morgan Stanley · Financial Services
$189.30
-30.5% upside to fair value
Grade C
High Quality
VS
Taiwan Semiconductor Manufacturing Company Limited · Technology
$366.24
+5153.7% upside to fair value
Grade C
High Quality
QuantHub Verdict
TSM has more upside to fair value
(+5153.7%).
MS trades at a lower forward P/E
(16.4x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
MS |
TSM |
| Current Price |
$189.30 |
$366.24 |
| Fair Value Estimate |
$131.49 |
$19,241.17 |
| Upside to Fair Value |
-30.5%
|
+5153.7%
|
| Market Cap |
$300.6B |
$1,899.5B |
| Forward P/E |
16.4x
|
27.2x
|
| EV / EBITDA |
24.4x
|
17.3x
|
| Price / Sales |
2.5x
|
12.8x
|
| Price / FCF |
-16.8x
|
51.6x
|
| Revenue Growth YoY |
+18.8%
|
+36.5%
|
| Gross Margin |
58.0%
|
61.9%
|
| Operating Margin |
19.5%
|
53.2%
|
| Return on Equity |
16.7%
|
36.9%
|
| Dividend Yield |
0% |
0% |
| FCF Yield |
—
|
1.94%
|
| Analyst Consensus |
Hold
|
Strong Buy
|
Investment Thesis
Morgan Stanley is a leading global financial services firm operating in Institutional Securities, Wealth Management, and Investment Management. The company benefits from a durable competitive moat supported by its systemically important status, diversified revenue streams, and strong management with a 36-year veteran CEO. Despite solid fundamentals including 14.2% revenue growth in 2025 and 16.7%…
Taiwan Semiconductor Manufacturing Company Limited (TSMC) is the world's leading pure-play semiconductor foundry, commanding approximately 60% of the global advanced node foundry market. The company benefits from a durable competitive moat driven by its pioneering foundry model, massive scale, advanced manufacturing capabilities, and strong customer relationships with major technology firms. TSMC…
Accumulation Zones
| Metric |
MS |
TSM |
| Zone Low |
$98.62 |
$14,430.88 |
| Zone High |
$111.77 |
$16,354.99 |
| In Buy Zone? |
No
|
Yes
|