CRI Middleware CoTSE:3698 +1.01%88 EV-to-FCF is 15.06 as of Jul. 11, 2026, which is 33% below its 10-year median of 22.41. GuruFocus rates TSE:3698 with a GF Score™ of 88/100 and a GF Value™ of 円1,145.47 (Fairly Valued). The stock has 1 warning sign investors should review. Among 339 Interactive Media companies, CRI Middleware Co ranks worse than 64.01% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, CRI Middleware Co's Enterprise Value is 円3,478 Mil.
CRI Middleware Co's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was 円231 Mil. Therefore, CRI Middleware Co's EV-to-FCF for today is 15.06.
The historical rank and industry rank for CRI Middleware Co's EV-to-FCF or its related term are showing as below:
TSE:3698'
s EV-to-FCF Range Over the Past 10 Years
Min: -10.16 Med: 22.41 Max: 1387.51
Current: 15.4
During the past 13 years, the highest EV-to-FCF of CRI Middleware Co was 1387.51. The lowest was -10.16. And the median was 22.41.
TSE:3698's EV-to-FCF is ranked worse than 64.01% of 339
companies
in the Interactive Media industry
Industry Median: 10.19
vs TSE:3698: 15.40
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
CRI Middleware Co (TSE:3698) EV-to-FCF Explanation
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
CRI Middleware Co's PE Ratio (TTM) for today is calculated as:
CRI Middleware Co's share price for today is 円1202.00.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. CRI Middleware Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was 円71.118.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
CRI Middleware Co EV-to-FCF Related Terms
CRI Middleware Co EV-to-FCF Historical Data
* Premium members only.
The historical data trend for CRI Middleware Co's EV-to-FCF 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.
For the Electronic Gaming & Multimedia subindustry, CRI Middleware Co's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, CRI Middleware Co's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where CRI Middleware Co's EV-to-FCF falls into.
CRI Middleware Co's current Enterprise Value is 円3,478 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. CRI Middleware Co's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was 円231 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 (TSE:3698) has a EV-to-FCF of 15.06 as of Jul. 11, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on CRI Middleware Co and its competitors. This is 33% below median its historical median of 22.41. According to the industry distribution chart, CRI Middleware Co ranks #217 out of 339 companies in the Interactive Media industry, placing it in the top 64%.
Is CRI Middleware Co's EV-to-FCF too high?
CRI Middleware Co's current EV-to-FCF of 15.06 is 33% below median its 10-year median of 22.41. The Interactive Media industry median EV-to-FCF is 10.19. CRI Middleware Co's value of 15.06 is 47.8% above this industry median. Based on the distribution chart, CRI Middleware Co ranks #217 out of 339 companies in the Interactive Media industry, which is below the industry midpoint. Overall, CRI Middleware Co has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CRI Middleware Co's EV-to-FCF compare to NTES and EA?
According to the Interactive Media industry distribution chart, CRI Middleware Co ranks #217 out of 339 companies for EV-to-FCF. This places CRI Middleware Co in the lower half of its industry. The industry median EV-to-FCF is 10.19. CRI Middleware Co's value of 15.06 is 47.8% above this benchmark. While the company's 10-year median is 22.41 vs. the industry median of 10.19, 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 EV-to-FCF for an Interactive Media company?
The median EV-to-FCF among Interactive Media companies is 10.19, based on 339 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CRI Middleware Co's current EV-to-FCF of 15.06 is 47.8% 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 EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on CRI Middleware Co and its competitors. For the Interactive Media industry, the median EV-to-FCF is 10.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CRI Middleware Co's current EV-to-FCF is 15.06, which is 33% below median its own 10-year median of 22.41. 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1,145.47, compared to a current price of 円1,202.00 — trading 4.9% above its estimated fair value. The current EV-to-FCF is 15.06, which is 33% below median its 10-year median of 22.41 and 47.8% above the Interactive Media industry median of 10.19. CRI Middleware Co's overall GF Score™ is 88/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For CRI Middleware Co (TSE:3698), the current EV-to-FCF is 15.06 as of Jul. 11, 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1,202.00 is trading 4.9% above its estimated GF Value™ of 円1,145.47.
GuruFocus considers CRI Middleware Co to be Fairly Valued.
Key valuation signals for TSE:3698:
EV-to-FCF: 15.06 (33% below median its 10-year median of 22.41)
GF Value™: 円1,145.47 vs. price of 円1,202.00 (4.9% above fair value)
Industry Position: 47.8% above the Interactive Media median (#217 of 339)
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.
88GF Score
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