We’ve recently updated our valuation analysis.

Corsair Gaming Valuation

Is CRSR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CRSR?

Other financial metrics that can be useful for relative valuation.

CRSR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.3x
Enterprise Value/EBITDA178.9x
PEG Ration/a

Price to Sales Ratio vs Peers

How does CRSR's PS Ratio compare to its peers?

The above table shows the PS ratio for CRSR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average1.4x
AVID Avid Technology
3.2x9.4%US$1.3b
SSYS Stratasys
1.5x4.9%US$957.0m
SMCI Super Micro Computer
0.7x11.2%US$3.9b
XRX Xerox Holdings
0.4x-1.6%US$2.6b
CRSR Corsair Gaming
1.1x11.4%US$1.6b

Price-To-Sales vs Peers: CRSR is good value based on its Price-To-Sales Ratio (1.1x) compared to the peer average (1.4x).


Price to Earnings Ratio vs Industry

How does CRSR's PE Ratio compare vs other companies in the US Tech Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a7.4%
n/an/an/a

Price-To-Sales vs Industry: CRSR is expensive based on its Price-To-Sales Ratio (1.1x) compared to the US Tech industry average (0.9x)


Price to Sales Ratio vs Fair Ratio

What is CRSR's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CRSR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.1x
Fair PS Ratio0.9x

Price-To-Sales vs Fair Ratio: CRSR is expensive based on its Price-To-Sales Ratio (1.1x) compared to the estimated Fair Price-To-Sales Ratio (0.9x).


Share Price vs Fair Value

What is the Fair Price of CRSR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CRSR ($15.78) is trading above our estimate of fair value ($13.36)

Significantly Below Fair Value: CRSR is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CRSR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$15.78
US$16.00
+1.4%
3.3%US$17.00US$15.00n/a7
Jan ’24US$13.57
US$16.00
+17.9%
3.1%US$17.00US$15.00n/a8
Dec ’23US$17.29
US$16.00
-7.5%
3.1%US$17.00US$15.00n/a8
Nov ’23US$13.49
US$17.75
+31.6%
7.8%US$20.00US$16.00n/a8
Oct ’23US$11.35
US$18.00
+58.6%
6.8%US$20.00US$16.00n/a8
Sep ’23US$14.68
US$17.67
+20.3%
13.1%US$22.00US$13.00n/a9
Aug ’23US$14.74
US$19.89
+34.9%
13.9%US$22.00US$13.00n/a9
Jul ’23US$13.21
US$21.11
+59.8%
15.1%US$28.00US$15.00n/a9
Jun ’23US$15.83
US$21.11
+33.4%
15.1%US$28.00US$15.00n/a9
May ’23US$15.13
US$26.44
+74.8%
11.3%US$31.00US$22.00n/a9
Apr ’23US$21.06
US$28.56
+35.6%
11.2%US$36.00US$25.00n/a9
Mar ’23US$22.58
US$28.56
+26.5%
11.2%US$36.00US$25.00n/a9
Feb ’23US$20.19
US$30.67
+51.9%
12.3%US$36.00US$24.00n/a9
Jan ’23US$21.01
US$31.00
+47.5%
13.6%US$36.00US$23.00US$13.579
Dec ’22US$21.34
US$31.00
+45.3%
13.6%US$36.00US$23.00US$17.299
Nov ’22US$24.84
US$33.56
+35.1%
17.7%US$42.00US$24.00US$13.499
Oct ’22US$26.41
US$39.67
+50.2%
16.7%US$49.00US$28.00US$11.359
Sep ’22US$28.33
US$39.67
+40.0%
16.7%US$49.00US$28.00US$14.689
Aug ’22US$29.19
US$46.67
+59.9%
10.6%US$55.00US$37.00US$14.749
Jul ’22US$32.81
US$46.67
+42.2%
10.6%US$55.00US$37.00US$13.219
Jun ’22US$32.22
US$46.67
+44.8%
10.6%US$55.00US$37.00US$15.839
May ’22US$33.18
US$48.33
+45.7%
10.1%US$55.00US$37.00US$15.139
Apr ’22US$33.87
US$48.33
+42.7%
10.1%US$55.00US$37.00US$21.069
Mar ’22US$36.95
US$48.33
+30.8%
10.1%US$55.00US$37.00US$22.589
Feb ’22US$37.27
US$41.11
+10.3%
11.9%US$49.00US$33.00US$20.199
Jan ’22US$36.22
US$40.11
+10.7%
13.2%US$49.00US$32.00US$21.019

Analyst Forecast: Target price is less than 20% higher than the current share price.


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