COMPARE · Data as of August 21, 2026
TER vs TSM
Verdict: Side-by-side breakdown using the Bull Rankings model. TER scored 64.1, TSM scored 69.7 — TSM leads.
Compare another set
TER
Teradyne, Inc.
64.1
$375.74 · $58.7B
fundamentals as of
Score gap
5.6
TSM leads
TSM
Taiwan Semiconductor Manufacturing Company Limited
69.7
$418.95 · $2.2T
At a glance · who leads each dimension, on the model's own rules
- CheapestTSM31.2x
- Fastest growthTER+57.9%
- Strongest balance sheetTER0.03
- Highest qualityTSM90 / 100
Side by side · every name on one set of axes
Growth against the P/E multiple. Up and to the right is cheaper and faster — the quality-growth idea in one picture. Points beyond the axis are pinned to the edge and marked off-scale rather than allowed to compress everything else.
The model, pillar by pillar (0–100 each)
TER
stronger →← stronger
TSM
90
Qualityreturns · margins · balance sheet
90
79
Growthrevenue & earnings expansion
94
37
Valuevaluation vs sector peers
55
TSM is stronger on 2 of 3 pillars.
Fundamentals, head-to-head
TER
TSM
$800mC+
FCF
$35.7bA
+57.9%A
Rev
+33.9%A
0.03A-
D/E
0.17B+
51.5xC+
P/E
31.2xB
0.97B+
PEG
0.98B+
Winner per row is the stronger grade; where grades tie, the better figure breaks it. A true tie or a missing value shows no highlight.
Valuation · DCF cross-check
TER
TSM
415% above
Price vs fair valuelower is cheaper
213% above
>60%/yr
Growth the price implies10-yr FCF · lower = less priced in
~46%/yr
-85%
1-yr DCF upside
-76%
-81%
5-yr DCF upside
-68%
-72%
10-yr DCF upside
-53%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
TER
Why this score
- Durable high returns
TSM
Why this score
- Raising its dividend
- Durable high returns
- Foreign reporter (TWD)
The companies
TERTeradyne, Inc.
Why now
Semiconductor Equipment & Materials · market cap $58.7b. Down 23% from 52-week high of $487.91 — deep drawdown territory. Revenue growing +58% — in hypergrowth territory. PEG 0.97 — paying under fair value for the growth rate. 15 sell-side analysts rate this a Buy with a mean 1-yr target of $449.80 (implying +20% upside).
Moat
Net margin 26% sits well above the S&P median (~11%) — suggests structural pricing advantage or cost discipline competitors can't quickly close. ROE 33% — top-decile capital efficiency. Either pricing leverage, low capital intensity, or aggressive buybacks; the durability story depends on which. $58.7b market cap gives the company enough scale to absorb fixed costs that subscale competitors can't, without yet being so large that growth has to come from acquisition.
Risk
Trailing P/E 51.5x prices in sustained high growth — any quarter that disappoints triggers sharp re-rating. Beta 1.79 implies above-market volatility — position-size to the drawdowns this name will produce in a market correction, not to its bull-case return. P/S 13.2x embeds aggressive forward growth — disappointing top-line guidance would compress the multiple hard.
TSMTaiwan Semiconductor Manufacturing Company Limited
Why now
Semiconductors · market cap $2.2T. 13% off the 52-week high of $479.00. Revenue growing +34% — in hypergrowth territory. PEG 0.98 — paying under fair value for the growth rate. 18 sell-side analysts rate this a Strong Buy with a mean 1-yr target of $554.45 (implying +32% upside).
Moat
Net margin 40% is exceptional — pricing-power territory rare outside premium software, branded staples, and specialty pharma. ROE 27% — top-decile capital efficiency. Either pricing leverage, low capital intensity, or aggressive buybacks; the durability story depends on which. $2.2T market cap places it among the largest companies in the sector — distribution, R&D, and customer-acquisition costs amortize across a base peers can't replicate.
Risk
Trailing P/E 31x sits well above the S&P median (~20x) — multiple compression is a real risk if revenue growth decelerates. P/S 15.6x embeds aggressive forward growth — disappointing top-line guidance would compress the multiple hard. Semiconductor cyclicality — inventory corrections compress margins faster than analysts model. Monitor channel inventory and book-to-bill ratios as leading indicators.
Verdict — model-derived comparison
Generating verdict… typically 5–10 seconds
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.
Where TER and TSM diverge
On the headline score the gap is 5.6 points in favor of TSM. The widest single difference is Value, where TSM leads by 17.6 points.
- ValueTER 37.1 · TSM 54.7TSM +17.6
- GrowthTER 78.6 · TSM 93.9TSM +15.3
- QualityTER 90.2 · TSM 90.3level
Pillars run 0–100 against sector peers, so a score is a statement about a company relative to its own industry rather than to the other name here. A wide Value gap usually means the market already prices the difference in quality or growth — which is the trade-off this comparison comes down to.