CRI Middleware Co (TSE:3698) Earnings Yield (Joel Greenblatt) %: 15.20% (As of Jun. 2026) — 207% Above Median

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TSE:3698 CRI Middleware Co Ltd TSE:3698
94 GF Score
Price 円1,220.00
GF Value 円1,144.45
Valuation Fairly Valued
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What is CRI Middleware Co Earnings Yield (Joel Greenblatt) %?

CRI Middleware Co TSE:3698 -0.65% 94 Earnings Yield (Joel Greenblatt) % is 15.20% as of Jun. 2026, which is 207% above its 10-year median of 4.95. GuruFocus rates TSE:3698 with a GF Score™ of 94/100 and a GF Value™ of 円1,144.45 (Fairly Valued). Among 546 Interactive Media companies, CRI Middleware Co ranks better than 80.22% on this metric.

CRI Middleware Co's Enterprise Value for the quarter that ended in Jun. 2026 was 円3,392 Mil. CRI Middleware Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was 円516 Mil. CRI Middleware Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 15.20%.

The historical rank and industry rank for CRI Middleware Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

TSE:3698' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.18   Med: 4.95   Max: 36.94
Current: 14.66

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of CRI Middleware Co was 36.94%. The lowest was 1.18%. And the median was 4.95%.

TSE:3698's Earnings Yield (Joel Greenblatt) % is ranked better than
80.22% of 546 companies
in the Interactive Media industry
Industry Median: 2.22 vs TSE:3698: 14.66

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. CRI Middleware Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was %. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.


CRI Middleware Co  (TSE:3698) Earnings Yield (Joel Greenblatt) % Explanation

Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.

Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.


Be Aware

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


CRI Middleware Co Earnings Yield (Joel Greenblatt) % Related Terms


CRI Middleware Co Earnings Yield (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for CRI Middleware Co's Earnings Yield (Joel Greenblatt) % 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.

CRI Middleware Co Earnings Yield (Joel Greenblatt) % Chart

CRI Middleware Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.54 -11.40 9.91 29.92 13.50

CRI Middleware Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.33 13.49 15.85 24.31 15.20

TSE:3698 vs NTES, TTWO, RBLX: Earnings Yield (Joel Greenblatt) % Comparison

For the Electronic Gaming & Multimedia subindustry, CRI Middleware Co's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, CRI Middleware Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where CRI Middleware Co's Earnings Yield (Joel Greenblatt) % falls into.


TSE:3698
94GF Score
CRI Middleware Co Ltd TSE:3698
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CRI Middleware Co Earnings Yield (Joel Greenblatt) % Calculation

In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.

CRI Middleware Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Sep. 2025 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=566.774/4199.760336
=13.50 %

CRI Middleware Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円516 Mil.


What does a Earnings Yield (Joel Greenblatt) % of 15.20% mean?
CRI Middleware Co (TSE:3698) has a Earnings Yield (Joel Greenblatt) % of 15.20% as of Jun. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on CRI Middleware Co and its competitors. This is 207% above median its historical median of 4.95. Over the past decade, CRI Middleware Co's Earnings Yield (Joel Greenblatt) % has ranged from 1.18 to 36.94. According to the industry distribution chart, CRI Middleware Co ranks #108 out of 546 companies in the Interactive Media industry, placing it in the top 19.8%.
Is CRI Middleware Co's Earnings Yield (Joel Greenblatt) % too high?
CRI Middleware Co's current Earnings Yield (Joel Greenblatt) % of 15.20% is 207% above median its 10-year median of 4.95. Over the past 10 years, this metric has ranged from a low of 1.18 to a high of 36.94. The Interactive Media industry median Earnings Yield (Joel Greenblatt) % is 2.22. CRI Middleware Co's value of 15.20% is 584.7% above this industry median. Based on the distribution chart, CRI Middleware Co ranks #108 out of 546 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, CRI Middleware Co has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CRI Middleware Co's Earnings Yield (Joel Greenblatt) % compare to NTES and TTWO?
According to the Interactive Media industry distribution chart, CRI Middleware Co ranks #108 out of 546 companies for Earnings Yield (Joel Greenblatt) %. This places CRI Middleware Co in the top 20% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 2.22. CRI Middleware Co's value of 15.20% is 584.7% above this benchmark. Historically, CRI Middleware Co's own Earnings Yield (Joel Greenblatt) % has ranged from 1.18 to 36.94 over the past decade. While the company's 10-year median is 4.95 vs. the industry median of 2.22, CRI Middleware Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings Yield (Joel Greenblatt) % for an Interactive Media company?
The median Earnings Yield (Joel Greenblatt) % among Interactive Media companies is 2.22, based on 546 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CRI Middleware Co's current Earnings Yield (Joel Greenblatt) % of 15.20% is 584.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on CRI Middleware Co and its competitors. For the Interactive Media industry, the median Earnings Yield (Joel Greenblatt) % is 2.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CRI Middleware Co's current Earnings Yield (Joel Greenblatt) % is 15.20%, which is 207% above median its own 10-year median of 4.95. 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1,144.45, compared to a current price of 円1,220.00 — trading 6.6% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 15.20%, which is 207% above median its 10-year median of 4.95 and 584.7% above the Interactive Media industry median of 2.22. CRI Middleware Co's overall GF Score™ is 94/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For CRI Middleware Co (TSE:3698), the current Earnings Yield (Joel Greenblatt) % is 15.20% as of Jun. 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 overvalued. The current stock price of 円1,220.00 is trading 6.6% above its estimated GF Value™ of 円1,144.45. GuruFocus considers CRI Middleware Co to be Fairly Valued.

Key valuation signals for TSE:3698:

  • Earnings Yield (Joel Greenblatt) %: 15.20% (207% above median its 10-year median of 4.95)
  • GF Value™: 円1,144.45 vs. price of 円1,220.00 (6.6% above fair value)
  • GF Score™: 94/100
  • Industry Position: 584.7% above the Interactive Media median (#108 of 546)

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 Business Description

Address 20-1 Sakuragaoka-cho, 11th Floor, Shibuya Info Tower, Shibuya-ku, Tokyo, JPN, 150-0031
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.
94GF Score

Get the complete analysis for TSE:3698

Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円1,220.00
Price
円1,144.45
GF Value