(CRSR) Corsair Gaming - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US22041X1028

Keyboards, Mice, Headsets, Streaming Gear, Gaming PCs

Stock: Technology Hardware, Storage & Peripherals
Age 5.3y

MCap 579m
Avg Vol 1.04M (6.17M USD)

Beta 2.256
Volatility 46.66%

EPS (Earnings per Share)

EPS CAGR: -25.89%
EPS Trend: -31.2%

Last SUE: -0.07
Qual. Beats: 0

Revenue

Rev. CAGR: -9.87%
Rev. Trend: -24.2%

Last SUE: -0.43
Qual. Beats: 0

Dividends

Currently no dividends paid

Risk via 5d forecast
Volatility	46.7%
Value at Risk 5%th	70.1%
Relative Tail Risk	-8.68%

Reward TTM
Sharpe Ratio	-0.49
Alpha	-66.64
CAGR/Max DD	-0.41

Character TTM
Hurst Exponent	0.489
Beta	2.256
Beta Downside	2.282

Drawdowns 3y
Max DD	72.96%
Mean DD	43.08%
Median DD	45.95%

Description: CRSR Corsair Gaming January 20, 2026

Corsair Gaming, Inc. (NASDAQ:CRSR) designs, manufactures, and sells a broad portfolio of gaming and streaming peripherals, components, and systems across Europe, the Middle East, North Africa, North America, Latin America, and the Asia-Pacific. The firm operates two segments: Gamer and Creator Peripherals, and Gaming Components and Systems, covering products such as keyboards, mice, headsets, capture cards, stream decks, microphones, PC cases, power supplies, SSDs, RAM, pre-built PCs, laptops, and gaming monitors, plus software platforms like iCUE and the Elgato streaming suite.

Sales are distributed through e-retail, brick-and-mortar retail, direct-to-consumer (DTC) channels, and third-party distributors. The company, originally incorporated as Corsair Components (Cayman) Ltd in 1994, rebranded to Corsair Gaming, Inc. in 2018 and is headquartered in Milpitas, California.

Key recent metrics: FY 2023 revenue reached roughly $2.2 billion, up about 12 % year-over-year, with a gross margin near 45 %. The global gaming peripherals market is projected to grow at a CAGR of ~8 % through 2029, driven by expanding esports viewership, higher disposable income among Gen-Z consumers, and continued PC-gaming upgrades. A material risk is the semiconductor supply chain, particularly DRAM and SSD pricing volatility, which can compress margins if inventory costs rise.

For a deeper quantitative view of CRSR’s valuation and risk profile, you may find ValueRay’s analyst dashboard useful.

Piotroski VR‑10 (Strict, 0-10) 5.5

Net Income: -39.7m TTM > 0 and > 6% of Revenue
FCF/TA: 0.05 > 0.02 and ΔFCF/TA 2.42 > 1.0
NWC/Revenue: 13.64% < 20% (prev 15.94%; Δ -2.30% < -1%)
CFO/TA 0.06 > 3% & CFO 67.5m > Net Income -39.7m
Net Debt (120.4m) to EBITDA (29.8m): 4.04 < 3
Current Ratio: 1.48 > 1.5 & < 3
Outstanding Shares: last quarter (106.3m) vs 12m ago 1.81% < -2%
Gross Margin: 26.88% > 18% (prev 0.24%; Δ 2663 % > 0.5%)
Asset Turnover: 120.7% > 50% (prev 109.8%; Δ 10.95% > 0%)
Interest Coverage Ratio: -2.38 > 6 (EBITDA TTM 29.8m / Interest Expense TTM 10.1m)

Altman Z'' 0.52

A: 0.16 (Total Current Assets 607.7m - Total Current Liabilities 410.0m) / Total Assets 1.20b
B: -0.08 (Retained Earnings -95.4m / Total Assets 1.20b)
C: -0.02 (EBIT TTM -23.9m / Avg Total Assets 1.20b)
D: -0.16 (Book Value of Equity -95.7m / Total Liabilities 587.9m)
Altman-Z'' Score: 0.52 = B

Beneish M -3.23

DSRI: 0.98 (Receivables 191.9m/178.1m, Revenue 1.45b/1.32b)
GMI: 0.91 (GM 26.88% / 24.40%)
AQI: 0.85 (AQ_t 0.42 / AQ_t-1 0.50)
SGI: 1.10 (Revenue 1.45b / 1.32b)
TATA: -0.09 (NI -39.7m - CFO 67.5m) / TA 1.20b)
Beneish M-Score: -3.23 = AA

ValueRay F-Score (Strict, 0-100) 38.45

1. Piotroski: 5.50pt
2. FCF Yield: 7.99%
3. FCF Margin: 3.86%
4. Debt/Equity: 0.31
5. Debt/Ebitda: 4.04
6. ROIC - WACC: -13.49%
7. RoE: -6.56%
8. Revenue Trend: -24.15%
9. EPS Trend: -31.17%

What is the price of CRSR shares?

As of January 24, 2026, the stock is trading at USD 5.54 with a total of 905,690 shares traded.
Over the past week, the price has changed by -5.94%, over one month by -10.21%, over three months by -31.09% and over the past year by -37.96%.

Is CRSR a buy, sell or hold?

Corsair Gaming has received a consensus analysts rating of 3.83. Therefore, it is recommended to buy CRSR.

Strong Buy: 2
Buy: 1
Hold: 3
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the CRSR price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	8.8	57.9%
Analysts Target Price	8.8	57.9%
ValueRay Target Price	4	-27.1%

CRSR Fundamental Data Overview January 22, 2026

P/E Forward = 20.4499
P/S = 0.3993
P/B = 1.0121
Revenue TTM = 1.45b USD
EBIT TTM = -23.9m USD
EBITDA TTM = 29.8m USD
Long Term Debt = 116.8m USD (from longTermDebt, last quarter)
Short Term Debt = 20.4m USD (from shortTermDebt, last quarter)
Debt = 186.2m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 120.4m USD (from netDebt column, last quarter)
Enterprise Value = 699.1m USD (578.7m + Debt 186.2m - CCE 65.8m)
Interest Coverage Ratio = -2.38 (Ebit TTM -23.9m / Interest Expense TTM 10.1m)
EV/FCF = 12.51x (Enterprise Value 699.1m / FCF TTM 55.9m)
FCF Yield = 7.99% (FCF TTM 55.9m / Enterprise Value 699.1m)
FCF Margin = 3.86% (FCF TTM 55.9m / Revenue TTM 1.45b)
Net Margin = -2.74% (Net Income TTM -39.7m / Revenue TTM 1.45b)
Gross Margin = 26.88% ((Revenue TTM 1.45b - Cost of Revenue TTM 1.06b) / Revenue TTM)
Gross Margin QoQ = 26.92% (prev 26.83%)
Tobins Q-Ratio = 0.58 (Enterprise Value 699.1m / Total Assets 1.20b)
Interest Expense / Debt = 1.00% (Interest Expense 1.86m / Debt 186.2m)
Taxrate = 21.0% (US default 21%)
NOPAT = -18.9m (EBIT -23.9m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.48 (Total Current Assets 607.7m / Total Current Liabilities 410.0m)
Debt / Equity = 0.31 (Debt 186.2m / totalStockholderEquity, last quarter 600.2m)
Debt / EBITDA = 4.04 (Net Debt 120.4m / EBITDA 29.8m)
Debt / FCF = 2.16 (Net Debt 120.4m / FCF TTM 55.9m)
Total Stockholder Equity = 604.3m (last 4 quarters mean from totalStockholderEquity)
RoA = -3.30% (Net Income -39.7m / Total Assets 1.20b)
RoE = -6.56% (Net Income TTM -39.7m / Total Stockholder Equity 604.3m)
RoCE = -3.32% (EBIT -23.9m / Capital Employed (Equity 604.3m + L.T.Debt 116.8m))
RoIC = -2.53% (negative operating profit) (NOPAT -18.9m / Invested Capital 746.7m)
WACC = 10.96% (E(578.7m)/V(765.0m) * Re(14.23%) + D(186.2m)/V(765.0m) * Rd(1.00%) * (1-Tc(0.21)))
Discount Rate = 14.23% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.03%
[DCF Debug] Terminal Value 58.19% ; FCFF base≈44.3m ; Y1≈29.1m ; Y5≈13.3m
Fair Price DCF = 0.50 (EV 173.2m - Net Debt 120.4m = Equity 52.8m / Shares 106.6m; r=10.96% [WACC]; 5y FCF grow -40.0% → 2.90% )
[DCF Warning] FCF declining rapidly (-40.0%), DCF may be unreliable
EPS Correlation: -31.17 | EPS CAGR: -25.89% | SUE: -0.07 | # QB: 0
Revenue Correlation: -24.15 | Revenue CAGR: -9.87% | SUE: -0.43 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.14 | Chg30d=+0.000 | Revisions Net=-1 | Analysts=6
EPS next Year (2026-12-31): EPS=0.65 | Chg30d=+0.000 | Revisions Net=-2 | Growth EPS=+43.8% | Growth Revenue=+8.5%

Additional Sources for CRSR Stock

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