Corsair Gaming, Inc. (CRSR) intrinsic value & 10-year financials

Corsair Gaming, Inc. (CRSR) has a Graham intrinsic value of $0.56 per share. At $12.79 on Oct 17, 2026, the stock trades 2184% above that value. Over the last 9 fiscal years revenue grew 6.7% a year to $1.5B, with an average return on invested capital of 4.7%.

Graham intrinsic value
$0.56
Share price (Oct 17, 2026)
$12.79
Price vs Graham value
2184% above
Market cap
$1.4B
Revenue (FY2025)
$1.5B
Revenue growth (9-yr CAGR)
6.7%
ROIC (10-yr avg)
4.7%
Free cash flow (FY2025)
$34.7M

CRSR 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $1.5B -$16.2M -$0.12 $34.7M 0.1% 0.3%
FY2024 $1.3B -$85.2M -$0.95 $26.0M -3.8% -6.9%
FY2023 $1.5B -$2.6M $0.03 $76.4M 0.7% 0.7%
FY2022 $1.4B -$54.4M -$0.63 $40.1M -4.0% -5.9%
FY2021 $1.9B $101.0M $1.01 $9.2M 7.2% 16.7%
FY2020 $1.7B $103.2M $1.14 $160.0M 9.3% 20.3%
FY2019 $1.1B -$8.4M $0.11 $28.3M 2.2% 2.2%
FY2018 $937.6M -$13.7M $0.18 -$7.9M 2.3% 10.4%
FY2017 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Corsair Gaming, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Corsair Gaming, Inc. has historically struggled to out-earn its cost of capital, averaging just 3.9% ROIC.

Corsair Gaming, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Corsair Gaming, Inc. is modeled at 6.7% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $0.56 per share.

CRSR stock: frequently asked questions

What is the intrinsic value of Corsair Gaming, Inc. (CRSR) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 6.7% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, CRSR's intrinsic value is about $0.56 per share.

Is CRSR stock undervalued?

At $12.79 (close on Oct 17, 2026), CRSR trades 2184% above its Graham value of $0.56. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

Does Corsair Gaming, Inc. generate free cash flow?

Corsair Gaming, Inc. generated $34.7M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 7 of the last 8 reported years.

What is CRSR's return on invested capital?

Average ROIC over the last 9 fiscal years was 4.7%, and average return on equity was 1.9%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this CRSR data come from?

From Corsair Gaming, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 6, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

Similar computer peripheral equipment stocks