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A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for CRI Middleware Co's Debt-to-EBITDA or its related term are showing as below:
TSE:3698'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.88 Med: 2.27 Max: 9.27
Current: 1.52
During the past 13 years, the highest Debt-to-EBITDA Ratio of CRI Middleware Co was 9.27. The lowest was 0.88. And the median was 2.27.
TSE:3698's Debt-to-EBITDA is ranked worse than 66.23% of 305
companies
in the Interactive Media industry
Industry Median: 0.66
vs TSE:3698: 1.52
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
CRI Middleware Co Debt-to-EBITDA Related Terms
CRI Middleware Co Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for CRI Middleware Co's Debt-to-EBITDA can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
TSE:3698 vs NTES, EA, TTWO: Debt-to-EBITDA Comparison
For the Electronic Gaming & Multimedia subindustry, CRI Middleware Co's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
CRI Middleware Co Debt-to-EBITDA vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, CRI Middleware Co's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where CRI Middleware Co's Debt-to-EBITDA falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
CRI Middleware Co (TSE:3698) has a Debt-to-EBITDA of 0.00 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on CRI Middleware Co. Over the past decade, CRI Middleware Co's Debt-to-EBITDA has ranged from 0.88 to 9.27. According to the industry distribution chart, CRI Middleware Co ranks #202 out of 305 companies in the Interactive Media industry, placing it in the top 66.2%.
Is CRI Middleware Co's Debt-to-EBITDA too high?
CRI Middleware Co's current Debt-to-EBITDA is 0.00. Over the past 10 years, this metric has ranged from a low of 0.88 to a high of 9.27. Based on the distribution chart, CRI Middleware Co ranks #202 out of 305 companies in the Interactive Media industry, which is below the industry midpoint. Overall, CRI Middleware Co has a GF Score™ of 97/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CRI Middleware Co's Debt-to-EBITDA compare to NTES and EA?
According to the Interactive Media industry distribution chart, CRI Middleware Co ranks #202 out of 305 companies for Debt-to-EBITDA. This places CRI Middleware Co in the lower half of its industry. The industry median Debt-to-EBITDA is 0.66. Historically, CRI Middleware Co's own Debt-to-EBITDA has ranged from 0.88 to 9.27 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for an Interactive Media company?
The median Debt-to-EBITDA among Interactive Media companies is 0.66, based on 305 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on CRI Middleware Co. For the Interactive Media industry, the median Debt-to-EBITDA is 0.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CRI Middleware Co's current Debt-to-EBITDA is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CRI Middleware Co stock overvalued right now?
Based on GuruFocus' analysis, CRI Middleware Co (TSE:3698) is currently considered Fairly Valued. The stock's GF Value™ is 円1,221.49, compared to a current price of 円1,176.00 — trading 3.7% below its estimated fair value. The current Debt-to-EBITDA is 0.00. CRI Middleware Co's overall GF Score™ is 97/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For CRI Middleware Co (TSE:3698), the current Debt-to-EBITDA is 0.00 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is CRI Middleware Co (TSE:3698) Overvalued in 2026?
Based on GuruFocus' analysis, CRI Middleware Co stock appears to be undervalued.
The current stock price of 円1,176.00 is trading 3.7% below its estimated GF Value™ of 円1,221.49.
GuruFocus considers CRI Middleware Co to be Fairly Valued.
Key valuation signals for TSE:3698:
Debt-to-EBITDA: 0.00
GF Value™: 円1,221.49 vs. price of 円1,176.00 (3.7% below fair value)
No single metric tells the full story. See the TSE:3698 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CRI Middleware Co Ltd is a provider of audio and video solutions for the gaming industry. It is engaged in the research and development of voice, video and file systems. Further, it also provides sales and support of middleware products. Geographically, the activities are carried out through the region of Japan.
97GF Score
Get the complete analysis for TSE:3698
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