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 2026-04-20.
Micron Technology, Inc. · Technology
$455.07
-45.0% upside to fair value
Grade D
High Quality
VS
Taiwan Semiconductor Manufacturing Company Limited · Technology
$366.24
+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
(21.2x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
MU |
TSM |
| Current Price |
$455.07 |
$366.24 |
| Fair Value Estimate |
$250.29 |
$531.05 |
| Upside to Fair Value |
-45.0%
|
+45.0%
|
| Market Cap |
$513.2B |
$1,899.5B |
| Forward P/E |
21.2x
|
27.2x
|
| EV / EBITDA |
13.8x
|
17.3x
|
| Price / Sales |
8.8x
|
12.8x
|
| Price / FCF |
49.9x
|
51.6x
|
| Revenue Growth YoY |
+196.3%
|
+36.5%
|
| Gross Margin |
58.4%
|
61.9%
|
| Operating Margin |
48.5%
|
53.2%
|
| Return on Equity |
40.8%
|
36.9%
|
| Dividend Yield |
0% |
0% |
| FCF Yield |
2.0%
|
1.94%
|
| Analyst Consensus |
Strong Buy
|
Strong Buy
|
Investment Thesis
Micron Technology, Inc. is a leading semiconductor company specializing in memory and storage solutions, with a dominant position in DRAM and NAND markets. The company benefits from a strong business quality characterized by high profitability, exceptional revenue growth of 196.3% year-over-year in the most recent quarter, and a robust return on equity of 40.8%. Despite these strengths, the stock…
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 |
MU |
TSM |
| Zone Low |
$187.72 |
$398.29 |
| Zone High |
$212.75 |
$451.39 |
| In Buy Zone? |
No
|
Yes
|