MU vs TSM: Which Is the Better Buy?
Side-by-side comparison of Micron Technology, Inc. and Taiwan Semiconductor Manufacturing Company Limited — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-07-17.
Micron Technology, Inc. · Technology
$1,048.51
-45.0% upside to fair value
Grade C
VS
Taiwan Semiconductor Manufacturing Company Limited · Technology
$409.74
+45.0% upside to fair value
Grade C
High Quality
QuantHub Verdict
TSM has more upside to fair value
(+45.0%).
MU trades at a lower forward P/E
(23.4x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
MU |
TSM |
| Current Price |
$1,048.51 |
$409.74 |
| Fair Value Estimate |
$576.68 |
$594.12 |
| Upside to Fair Value |
-45.0%
|
+45.0%
|
| Market Cap |
$1,182.4B |
$2,125.1B |
| Forward P/E |
23.4x
|
38.8x
|
| EV / EBITDA |
25.9x
|
17.6x
|
| Price / Sales |
13.1x
|
14.5x
|
| Price / FCF |
25.8x
|
58.4x
|
| Revenue Growth YoY |
+345.7%
|
+36.0%
|
| Gross Margin |
72.6%
|
61.9%
|
| Operating Margin |
65.7%
|
53.2%
|
| Return on Equity |
70.5%
|
36.9%
|
| Dividend Yield |
0% |
0% |
| FCF Yield |
3.87%
|
1.71%
|
| Analyst Consensus |
Strong Buy
|
Strong Buy
|
Investment Thesis
Micron Technology is a leading semiconductor company specializing in DRAM and NAND memory products, with a strong focus on high-value memory for cloud and AI applications. The company benefits from scale, advanced process technology, and U.S.-based manufacturing, but its competitive moat is narrow and cyclical compared to peers like Samsung and SK Hynix. Micron's recent financial performance is e…
Taiwan Semiconductor Manufacturing Company Limited (TSM) is a leading semiconductor foundry specializing in advanced chip manufacturing technologies. The company exhibits high business quality with a durable competitive moat driven by cost advantages, intangible assets, and strong brand recognition. It demonstrates robust profitability with a net margin of 47.0% and a return on equity of 36.9%. R…
Accumulation Zones
| Metric |
MU |
TSM |
| Zone Low |
$432.51 |
$445.59 |
| Zone High |
$490.18 |
$505.00 |
| In Buy Zone? |
No
|
Yes
|