3 models fit Corsair Gaming Inc. Common Stock and they disagree: 0 of 3 land within 15% of the average.
Two or more of our models back this value.
Near fair value(i)Silver71
Valued as a cyclical company: P/E comparison, EV/EBITDA comparison, and Discounted cash flow.
ACCE opinionCorsair Gaming Inc. Common Stock (CRSR)
Fair value (3 models)
$14.00
ACCE price target
$13.00
Rating
Fairly valued
Horizon
12 months
Fair value published on 18 Oct 2026, 15:06 CEST; previously $14.56 since 14 Oct 2026, 00:00 CEST.
ACCE price target published on 12 Oct 2026, 00:00 CEST.
Rating published on 18 Oct 2026, 15:06 CEST.
Price used: $13.73 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, P/E comparison, and EV/EBITDA comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
1.9% below
+2.0% to fair value
ACCE score
59
out of 100
Analysts
44% buy
9 covering
P/E
44.0x
forward 17.3x
1-year return
+63.5%
Dividend yield
0.00%
Corsair Gaming Inc. Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
Corsair makes PC gaming peripherals, memory, PC components and streaming gear, and sells them through retail, e-commerce and its own channels. The case rests on a brand that still commands premium shelf placement in a category that has been shaken out, with gross margin at 30.5% and a balance sheet that gives management room to keep investing through a soft patch. The near-term driver is a demand recovery in gaming hardware and content creation, which would lift volume through the fixed cost base that currently leaves operating margin at -2.5%. Revenue is shrinking at 1.8% and trailing P/E of 42.7 reflects depressed earnings, while the forward P/E of 17.3 implies the market expects those earnings to rebound. That gap between trailing and forward multiples is the question worth a deeper look: whether the recovery is credible, or whether the forward estimates are too optimistic given a 5.9% ROE.
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
high
Revenue shrinking, earnings inflated
Revenue fell 1.8% YoY and 11.3% QoQ, with a 5y revenue CAGR of -2.9%. The +1667.9% earnings jump is off a depressed base, and operating margin is still -2.5%.
high
Heavy short interest
Short interest stands at 18.9% of float, a large bet against the stock that could amplify volatility in either direction.
moderate
Thin operating profitability
Net margin of 2.5% rests on a negative operating margin of -2.5%, so the bottom line depends on items below operations rather than core business performance.
AI research notes
AI-assisted·How I use AIWritten Oct 21, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Corsair generated $35M of free cash flow over the last twelve months, so the business still turns sales into cash.
The forward P/E of 15.9x sits well below the sector median of 27.3x, so the shares look cheap against peers on expected earnings.
Earnings per share beat expectations by +1000.0% in the latest quarter, with 0.18 reported against -0.02 expected.
Why it could disappoint
Revenue fell 1.8% year over year, and the five-year average annual change is -2.9%, so sales are shrinking.
Return on invested capital is -5.6%, meaning the money put into the business is not earning a return.
Only 44% of analysts rate the stock Buy or Strong Buy, and the analyst mean price target of $13.22 sits almost exactly at the current price, offering little upside.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 5, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
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Where CRSR's valuation models land
Price
$13.73
Model fair value
$14.00
Model range
$5.97 to $24.58
Fair value $14.00
Price $13.73
The price sits inside the model range.
Model
Fair value
Upside
Discounted cash flow
EV/EBITDA comparison
P/E comparison
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Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
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