QCOM vs TSM: Which Is the Better Buy?
Side-by-side comparison of QUALCOMM Incorporated and Taiwan Semiconductor Manufacturing Company Limited — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-07-17.
QUALCOMM Incorporated · Technology
$226.11
-10.7% upside to fair value
Grade D
High Quality
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%).
QCOM trades at a lower forward P/E
(24.3x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
QCOM |
TSM |
| Current Price |
$226.11 |
$409.74 |
| Fair Value Estimate |
$201.84 |
$594.12 |
| Upside to Fair Value |
-10.7%
|
+45.0%
|
| Market Cap |
$238.3B |
$2,125.1B |
| Forward P/E |
24.3x
|
38.8x
|
| EV / EBITDA |
17.5x
|
17.6x
|
| Price / Sales |
5.4x
|
14.5x
|
| Price / FCF |
19.1x
|
58.4x
|
| Revenue Growth YoY |
-3.5%
|
+36.0%
|
| Gross Margin |
54.8%
|
61.9%
|
| Operating Margin |
25.5%
|
53.2%
|
| Return on Equity |
40.2%
|
36.9%
|
| Dividend Yield |
0% |
0% |
| FCF Yield |
5.25%
|
1.71%
|
| Analyst Consensus |
Hold
|
Strong Buy
|
Investment Thesis
Qualcomm Incorporated is a leading semiconductor and telecommunications equipment company specializing in cellular and RF technologies, with a strong competitive moat driven by its intellectual property and scale in premium Android and 5G modems. The company benefits from a long-tenured management team and a diversified business model expanding into automotive, IoT, and computing sectors. Despite…
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 |
QCOM |
TSM |
| Zone Low |
$151.38 |
$445.59 |
| Zone High |
$171.56 |
$505.00 |
| In Buy Zone? |
No
|
Yes
|