Help Needed: Why is My Parser Giving Incorrect Results for This Expression?

I'm facing a challenge with a recursive-descent parser I've created for evaluating arithmetic expressions. The parsing logic seems fine overall, but when I test expressions with mixed operators, I get unexpected results. For example, when processing the expression "2 * 3 + 4 * 5", the output comes out to be 46 instead of the expected 26. I've attached my parser code below for reference:

```python
def parse_expression(ts):
value = parse_term(ts)
while ts.peek() == '+':
ts.next()
rhs = parse_term(ts)
value = value + rhs
return value

def parse_term(ts):
value = parse_factor(ts)
while ts.peek() == '*':
ts.next()
rhs = parse_expression(ts)
value = value * rhs
return value

def parse_factor(ts):
tok = ts.peek()
if tok.isdigit():
ts.next()
return int(tok)
if tok == '(':
ts.next()
value = parse_expression(ts)
ts.next()
return value
```

Could someone help me identify where my structural error might be in handling the operator precedence?