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← CockpitCompetitor Analysis › 2353.TW Acer IncorporatedOpen in the cockpit ↗

Acer Incorporated2353.TWCompetitor analysis, valuation and peers

Taiwan · TWD·Information Technology›Computer Processing Hardware

Taiwanese PC brand: laptops, desktops, monitors and gaming (Predator) hardware; also invests in EV/eco ventures.

≈ Taiwan's HP/Lenovo-style PC brandMomentum strong 75
Mkt cap
$2.63B
US dollars, full cap
Free float
91%
of shares outstanding
$/day
$19.2M
20-day average traded
Fwd P/E
16.4×
forward earnings
ROIC−WACC
-1.5 pp
WACC 5.0%
Hurdle
n/a
no reverse DCF
Next earnings
132 days
18 Mar 2027
Close · TWDNT$29.00
1D-0.7%
1W-4.6%
1M-7.6%
3M-0.2%
6M+4.5%
YTD+9.8%
1Y-7.3%
ATR %3.8%
52w lowhigh34.4% off high

What Acer does

Taiwanese PC brand: laptops, desktops, monitors and gaming (Predator) hardware; also invests in EV/eco ventures.

Sells under its own brand through distributors, retailers and online stores and outsources most manufacturing to contract makers such as Compal and Wistron, so it earns a brand owner's margin, which is thin in PCs. Europe is one of its leading markets.

In one line: Taiwan's HP/Lenovo-style PC brand.

Products and services

  • Notebooks/laptops
  • Desktops & monitors
  • Gaming (Predator) hardware

Customers

  • Consumer/retail buyers
  • Gamers
  • Enterprise IT buyers

Where it sits in the supply chain

  • Information technology
  • PC hardware brand
  • Laptops, desktops, monitors, gaming

What could go right

  • AI PC refresh cycle

What could go wrong

  • PC market maturity
  • Thin consumer-hardware margins

Moat: narrow (brand, distribution). Established global PC brand and retail channel; hardware itself is highly competitive.

Headquarters: Taipei, Taiwan · Founded: 1976 · Employees: 11,171

Named competitors

Acer at a glance

Size Acer (2353.TW) is a Taiwan Information Technology company (Computer Processing Hardware) with a market value of $2.63B, the 138th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$29.00 on 6 Nov 2026.

Performance Over six months the shares gained 4.5%, against -20.4% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 5th highest of 19 in its peer set.

Growth Revenue grew 14.6% over the last twelve months (peer median +11.0%); the operating margin is 1.9% (peer median 5.4%).

Valuation It trades at 16.4× forward earnings against a peer median of 13.7× (6th most expensive of 14).

Capital Return on invested capital runs 1.5 points below its cost of capital (5.0% WACC).

Next results Next results expected around 18 Mar 2027 (exchange calendar; dates can move).

Relative performance

7510012515011 May 202611 Aug 20266 Nov 20262353.TW 103Peer median 79
Six months, rebased to 100: Acer against the median of its 20 peers (local-currency closes).

Acer financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueNT$305BNT$276BNT$265BNT$241BNT$275B
Revenue growth—+4%+10%-12%—
Gross profitNT$33.1BNT$28.9BNT$26.9BNT$24.8BNT$29.0B
EBITDANT$9.31BNT$7.87BNT$7.03BNT$5.94BNT$8.48B
Net incomeNT$5.05BNT$3.78BNT$5.54BNT$4.93BNT$5.00B
Free cash flow-NT$25.8B-NT$6.70B-NT$4.44BNT$12.6BNT$4.63B
Capital expenditureNT$3.91BNT$3.36BNT$5.54BNT$1.56BNT$1.23B
Total debtNT$52.5BNT$32.2BNT$24.6BNT$14.7BNT$13.9B

Quarterly statements and history in the cockpit →

Acer competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%-20%0%37063007733005V03000682INFQNATL688100RGTIQBTS2324002841600728300130300188KTN603327RPI2353.TW6-month return →1-month return →
Up and to the right = strong over both horizons. Acer is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%+60%20×40×37063007733005V03000682NATL6881002324002841600728300130KTNRPI2353.TWRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Acer is the large dot.

Acer competitors and peer comparison

Head to head with its named competitors (2353.TW vs 2357.TW vs 0992.HK vs HPQ)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Acer 2353.TW$2.63B+4%+15%2%16.4×n/a
Asustek Computer 2357.TW$19.3B+55%+32%6%11.4×n/a
Lenovo 0992.HK$30.8B+50%+26%5%8.2×-15.0%
HP Inc. HPQ$25.7B+27%+9%7%9.5×-7.0%
Dell Technologies DELL$209B+26%+49%10%11.6×10.1%

How Acer compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Acer against its 20 peers (data as of 6 Nov 2026)
Measure2353.TWPeer medianRank in peer set
1-month return-7.6%-7.4%11th highest of 21
6-month return+4.5%-20.4%5th highest of 19
Distance from 52-week high-34.4%-39.0%9th highest of 21
Revenue growth (TTM)+14.6%+11.0%8th highest of 18
Operating margin1.9%5.4%9th lowest of 21
Forward P/E16.4×13.7×6th most expensive of 14
ROIC minus cost of capital-1.5 pp+0.0 pp8th lowest of 20
Net debt / EBITDA1.2×1.4×4th least indebted of 8

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Acer 2353.TWTaiwan$2.63B+4%+15%2%16.4×n/an/a
MiTAC 3706.TWTaiwan$2.98B-16%+44%4%8.8×n/an/a
Lakala Payment 300773.SZChina$2.32B-25%+17%4%17.4×14.2%0.0%
Getac 3005.TWTaiwan$2.20B+19%+9%15%12.1×-7.0%+7.2%
Venture V03.SISingapore$3.22B-21%+1%10%16.4×-1.3%-3.4%
Dongfang Electronics 000682.SZChina$2.06B-21%+14%7%13.7×8.9%+17.4%
Infleqtion INFQUnited States$2.00B-27%n/a-315%n/an/an/a
NCR Atleos NATLUnited States$3.49B+7%+2%14%9.6×-9.2%+1.8%
Willfar Information Technology 688100.SSChina$1.98B-28%-9%20%22.4×17.0%+15.5%
RGTI RGTIUnited States$3.92B-38%+68%-728%n/an/an/a
QBTS QBTSUnited States$4.05B-25%-44%-1,373%n/an/an/a
Compal Electronics 2324.TWTaiwan$4.15B+8%-4%1%12.9×n/an/a
Guangzhou Shiyuan Electronic Technology 002841.SZChina$4.37B+13%+35%8%11.2×-2.7%+7.3%
PCI Technology 600728.SSChina$1.58B-7%+11%0%55.3×23.0%+18.8%
XGD 300130.SZChina$1.49B-20%+21%12%17.9×3.8%+3.8%
IQM Quantum Computers Oyj Sponsored ADR IQMXUnited States$1.49Bn/an/a-492%n/an/an/a
IQM Quantum Computers IQMX.HEFinland$1.41Bn/an/a-492%n/an/an/a
SDIC Intelligence Information Technology 300188.SZChina$1.35B-15%-15%-53%n/an/an/a
Kontron KTN.DEGermany$1.31B-19%-7%7%11.5×4.2%+5.1%
Sichuan Furong Technology 603327.SSChina$1.30B-26%+22%6%n/an/an/a
Raspberry PI RPI.LUnited Kingdom$1.29B-27%+71%9%32.2×14.4%+17.2%

Questions

Who are Acer's main competitors?
Named competitors: ASUS (2357.TW), Lenovo (0992.HK), HP Inc (HPQ), Dell Technologies (DELL). The cockpit's measured peer set (industry) also includes MiTAC (3706.TW), Lakala Payment (300773.SZ), Getac (3005.TW), Venture (V03.SI), Dongfang Electronics (000682.SZ), Infleqtion (INFQ).
Is Acer expensive compared with its peers?
On forward p/e it trades at 16.4× against a peer median of 13.7×, 6th most expensive of 14 in its peer set.
How has Acer stock performed?
Over six months to 6 Nov 2026 the shares returned +4.5% against -20.4% for the median peer; over one year -7.3%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.