The latest data point for TSM's PEG Ratio in Q1'26 stands at 1.81, indicating a relatively balanced valuation relative to earnings growth as of the most recent quarter. This value reflects a stabilization following the extreme outlier in the prior period. Over the period from Q2'23 to Q1'26, the PEG Ratio for TSM has exhibited high volatility, starting at -1.84 in Q2'23, surging to positive territory by Q3'23 (1.07), and fluctuating between -4.70 in Q1'24 and a sharp peak of 45.68 in Q1'25 before settling into a range of 1.80 to 2.21 in the latter quarters. This pattern suggests periods of undervaluation (negative ratios) interspersed with overvaluation risks, particularly around Q1'25, with an overall trend toward moderation in recent periods that may signal improving market perceptions of growth prospects.