October 2026
Largest Computer Hardware Public Companies in Hong Kong
Benchmark revenue and EBITDA valuation multiples for public comps like
AAC Technologies, Vtech, VSTECS Holdings, PAX Global Technology and AGM Group Holdings.
 | AAC Technologies is one of the world’s largest manufacturers of miniature acoustic components, such as speakers and receivers, primarily for smartphones. Founded in 1993, the company has since expanded into the production of other handset components, such as electromagnetic drives (haptics), precision mechanical, lenses and camera modules, sensors, and MEMS microphones. AAC is headquartered in Shenzhen, China, and runs factories in China, Vietnam, Czechia, and Malaysia. It employed 44,181 people as at June 30, 2025. | $5 | -4% | $5.6B | $6.2B | 1.3x | 6.6x | ||
| VTech Holdings Ltd is engaged in the designing, manufacturing, and distribution of consumer electronic products. It also provides contract manufacturing services. The company's diverse collection of products includes Telephone Products, Business Phones, Electronic Learning Toys, Baby Monitors, and Hospitality Products. In addition, it offers turnkey services to customers in several product categories. The company operates through four reportable segments: North America, including the United States and Canada, Europe, Asia Pacific, and Others, which covers sales of electronic products to the rest of the world. It generates maximum revenue from Europe. | $7 | -18% | $1.7B | $1.6B | 0.8x | 7.0x | ||
| VSTECS Holdings Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in the development of an information technology (IT) product channel and the provision of technical solution integration services. The group's business segments include Consumer electronics, Enterprise systems, and Cloud computing. A majority of its revenue is generated from the Enterprise systems segment, which provides enterprise system tools (middleware, operating systems, Unix/NT servers, databases, and storage) for IT infrastructure and IT infrastructure design and implementation, training, maintenance, and support services. Geographically, the group generates maximum revenue from North Asia and the rest from Southeast Asia. | $1 | -17% | $1.5B | $2.6B | 0.2x | 9.2x | ||
| Pax Global Technology Ltd sells a variety of electronic payment devices. The company is principally engaged in the development and sales of E-payment Terminals products, provision of maintenance and installation, and payment solution services. Geographically, the firm generates the majority of its revenue from Hong Kong, followed by the United States of America, PRC (excluding Hong Kong, Taiwan, and Macau), and Italy. Almost all of the company's revenue is derived from Sales of E-payment Terminal products. | $0 | -39% | $442M | - | - | - | ||
| AGM Group Holdings Inc is an integrated technology company. The company focuses on blockchain-oriented ASIC chip design, high-end crypto miner production, and fintech technology software services. The company generates maximum revenue from the sale of cryptocurrency mining machines and standardized computing equipment. | $1 | -87% | $2M | $4M | 0.1x | 1.0x | ||
| Median | $1 | -18% | $1.5B | $2.1B | 0.5x | 6.8x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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