CRI Middleware Co (TSE:3698) EV-to-EBIT: 7.00 (As of Sep. 01, 2026) — 66% Below Median

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TSE:3698 CRI Middleware Co Ltd TSE:3698
97 GF Score
Price 円1,237.00
GF Value 円1,175.34
Valuation Fairly Valued
View Full Analysis

What is CRI Middleware Co EV-to-EBIT?

CRI Middleware Co TSE:3698 +1.39% 97 EV-to-EBIT is 7.00 as of Sep. 01, 2026, which is 66% below its 10-year median of 20.57. GuruFocus rates TSE:3698 with a GF Score™ of 97/100 and a GF Value™ of 円1,175.34 (Fairly Valued). Among 322 Interactive Media companies, CRI Middleware Co ranks better than 61.18% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, CRI Middleware Co's Enterprise Value is 円3,373 Mil. CRI Middleware Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was 円481 Mil. Therefore, CRI Middleware Co's EV-to-EBIT for today is 7.00.

The historical rank and industry rank for CRI Middleware Co's EV-to-EBIT or its related term are showing as below:

TSE:3698' s EV-to-EBIT Range Over the Past 10 Years
Min: 2.71   Med: 20.57   Max: 84.64
Current: 7

During the past 13 years, the highest EV-to-EBIT of CRI Middleware Co was 84.64. The lowest was 2.71. And the median was 20.57.

TSE:3698's EV-to-EBIT is ranked better than
61.18% of 322 companies
in the Interactive Media industry
Industry Median: 8.78 vs TSE:3698: 7.00

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. CRI Middleware Co's Enterprise Value for the quarter that ended in Mar. 2026 was 円2,046 Mil. CRI Middleware Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was 円481 Mil. CRI Middleware Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 23.53%.


CRI Middleware Co  (TSE:3698) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

CRI Middleware Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Mar. 2026 ) =EBIT / Enterprise Value (Q: Mar. 2026 )
=481.486/2045.867
=23.53 %

CRI Middleware Co's Enterprise Value for the quarter that ended in Mar. 2026 was 円2,046 Mil.
CRI Middleware Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円481 Mil.

* 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 EV-to-EBIT Related Terms


CRI Middleware Co EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for CRI Middleware Co's EV-to-EBIT 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 EV-to-EBIT Chart

CRI Middleware Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.83 28.37 8.47 3.49 7.58

CRI Middleware Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-EBIT 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 13.87 7.58 14.62 4.37 0.00

TSE:3698 vs NTES, TTWO, RBLX: EV-to-EBIT Comparison

For the Electronic Gaming & Multimedia subindustry, CRI Middleware Co's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, CRI Middleware Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where CRI Middleware Co's EV-to-EBIT falls into.


TSE:3698
97GF Score
CRI Middleware Co Ltd TSE:3698
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CRI Middleware Co EV-to-EBIT Calculation

CRI Middleware Co's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=3372.609/481.486
=7.00

CRI Middleware Co's current Enterprise Value is 円3,373 Mil.
CRI Middleware Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円481 Mil.

* 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.

Frequently Asked Questions Learn more about EV-to-EBIT →
What does a EV-to-EBIT of 7.00 mean?
CRI Middleware Co (TSE:3698) has a EV-to-EBIT of 7.00 as of Sep. 01, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on CRI Middleware Co and its competitors. This is 66% below median its historical median of 20.57. Over the past decade, CRI Middleware Co's EV-to-EBIT has ranged from 2.71 to 84.64. According to the industry distribution chart, CRI Middleware Co ranks #125 out of 322 companies in the Interactive Media industry, placing it in the top 38.8%.
Is CRI Middleware Co's EV-to-EBIT too high?
CRI Middleware Co's current EV-to-EBIT of 7.00 is 66% below median its 10-year median of 20.57. Over the past 10 years, this metric has ranged from a low of 2.71 to a high of 84.64. The Interactive Media industry median EV-to-EBIT is 8.78. CRI Middleware Co's value of 7.00 is 20.3% below this industry median. Based on the distribution chart, CRI Middleware Co ranks #125 out of 322 companies in the Interactive Media industry, which is above 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 EV-to-EBIT compare to NTES and TTWO?
According to the Interactive Media industry distribution chart, CRI Middleware Co ranks #125 out of 322 companies for EV-to-EBIT. This puts CRI Middleware Co in the upper half of its industry. The industry median EV-to-EBIT is 8.78. CRI Middleware Co's value of 7.00 is 20.3% below this benchmark. Historically, CRI Middleware Co's own EV-to-EBIT has ranged from 2.71 to 84.64 over the past decade. While the company's 10-year median is 20.57 vs. the industry median of 8.78, CRI Middleware Co has consistently been below 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 EV-to-EBIT for an Interactive Media company?
The median EV-to-EBIT among Interactive Media companies is 8.78, based on 322 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CRI Middleware Co's current EV-to-EBIT of 7.00 is 20.3% below 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on CRI Middleware Co and its competitors. For the Interactive Media industry, the median EV-to-EBIT is 8.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CRI Middleware Co's current EV-to-EBIT is 7.00, which is 66% below median its own 10-year median of 20.57. 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1,175.34, compared to a current price of 円1,237.00 — trading 5.2% above its estimated fair value. The current EV-to-EBIT is 7.00, which is 66% below median its 10-year median of 20.57 and 20.3% below the Interactive Media industry median of 8.78. 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 EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For CRI Middleware Co (TSE:3698), the current EV-to-EBIT is 7.00 as of Sep. 01, 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1,237.00 is trading 5.2% above its estimated GF Value™ of 円1,175.34. GuruFocus considers CRI Middleware Co to be Fairly Valued.

Key valuation signals for TSE:3698:

  • EV-to-EBIT: 7.00 (66% below median its 10-year median of 20.57)
  • GF Value™: 円1,175.34 vs. price of 円1,237.00 (5.2% above fair value)
  • GF Score™: 97/100
  • Industry Position: 20.3% below the Interactive Media median (#125 of 322)

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.
97GF Score

Get the complete analysis for TSE:3698

EV-to-EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円1,237.00
Price
円1,175.34
GF Value