CRI Middleware CoTSE:3698 +1.01%88 Gross Margin % is 63.90% as of Mar. 2026, which is 7% above its 10-year median of 59.90. 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 497 Interactive Media companies, CRI Middleware Co ranks worse than 50.5% on this metric.
The historical rank and industry rank for CRI Middleware Co's Gross Margin % or its related term are showing as below:
TSE:3698'
s Gross Margin % Range Over the Past 10 Years
Min: 47.43 Med: 59.9 Max: 71.8
Current: 61.51
During the past 13 years, the highestGross Margin % of CRI Middleware Co was 71.80%. The lowest was 47.43%. And the median was 59.90%.
TSE:3698's Gross Margin % is ranked worse than 50.5% of 497
companies
in the Interactive Media industry
Industry Median: 62.58
vs TSE:3698: 61.51
CRI Middleware Co had a gross margin of 63.90% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for CRI Middleware Co was 1.30% per year.
CRI Middleware Co (TSE:3698) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
CRI Middleware Co had a gross margin of 63.90% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
CRI Middleware Co Gross Margin % Related Terms
CRI Middleware Co Gross Margin % Historical Data
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The historical data trend for CRI Middleware Co's Gross Margin % 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: Gross Margin % Comparison
For the Electronic Gaming & Multimedia subindustry, CRI Middleware Co's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, CRI Middleware Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where CRI Middleware Co's Gross Margin % 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
CRI Middleware Co (TSE:3698) has a Gross Margin % of 63.90% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on CRI Middleware Co and its competitors. This is near median its historical median of 59.90. Over the past decade, CRI Middleware Co's Gross Margin % has ranged from 47.43 to 71.80. According to the industry distribution chart, CRI Middleware Co ranks #251 out of 497 companies in the Interactive Media industry, placing it in the top 50.5%.
Is CRI Middleware Co's Gross Margin % too high?
CRI Middleware Co's current Gross Margin % of 63.90% is near median its 10-year median of 59.90. Over the past 10 years, this metric has ranged from a low of 47.43 to a high of 71.80. The Interactive Media industry median Gross Margin % is 62.58. CRI Middleware Co's value of 63.90% is 2.1% above this industry median. Based on the distribution chart, CRI Middleware Co ranks #251 out of 497 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 Gross Margin % compare to NTES and EA?
According to the Interactive Media industry distribution chart, CRI Middleware Co ranks #251 out of 497 companies for Gross Margin %. This places CRI Middleware Co in the lower half of its industry. The industry median Gross Margin % is 62.58. CRI Middleware Co's value of 63.90% is 2.1% above this benchmark. Historically, CRI Middleware Co's own Gross Margin % has ranged from 47.43 to 71.80 over the past decade. While the company's 10-year median is 59.90 vs. the industry median of 62.58, 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 Gross Margin % for an Interactive Media company?
The median Gross Margin % among Interactive Media companies is 62.58, based on 497 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CRI Middleware Co's current Gross Margin % of 63.90% is 2.1% 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on CRI Middleware Co and its competitors. For the Interactive Media industry, the median Gross Margin % is 62.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CRI Middleware Co's current Gross Margin % is 63.90%, which is near median its own 10-year median of 59.90. 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 Gross Margin % is 63.90%, which is near median its 10-year median of 59.90 and 2.1% above the Interactive Media industry median of 62.58. 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 Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For CRI Middleware Co (TSE:3698), the current Gross Margin % is 63.90% 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 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:
Gross Margin %: 63.90% (near median its 10-year median of 59.90)
GF Value™: 円1,145.47 vs. price of 円1,202.00 (4.9% above fair value)
Industry Position: 2.1% above the Interactive Media median (#251 of 497)
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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