You can look at ratios like WACC and ROIC.

TSMC's weighted average cost of capital is 7% (WACC)

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. For TSMC the ROIC is 28%.

If you would like to compare competitors these ratio's combined with growth rate give a very good market overview.

https://www.gurufocus.com/term/wacc/NYSE:TSM/WACC-/Taiwan-Se...