CRI Middleware CoTSE:3698 +1.01%88 Operating Margin % is 16.29% as of Mar. 2026, which is 18% above its 10-year median of 13.86. 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 552 Interactive Media companies, CRI Middleware Co ranks better than 71.38% on this metric.
CRI Middleware Co Ltd operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for CRI Middleware Co's Operating Margin % or its related term are showing as below:
TSE:3698'
s Operating Margin % Range Over the Past 10 Years
Min: 3.43 Med: 13.86 Max: 24.47
Current: 13.6
TSE:3698's Operating Margin % is ranked better than 71.38% of 552
companies
in the Interactive Media industry
Industry Median: 2.975
vs TSE:3698: 13.60
CRI Middleware Co's 5-Year Average Operating Margin % Growth Rate was 2.20% per year.
CRI Middleware Co (TSE:3698) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
CRI Middleware Co Operating Margin % Related Terms
CRI Middleware Co Operating Margin % Historical Data
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The historical data trend for CRI Middleware Co's Operating 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: Operating Margin % Comparison
For the Electronic Gaming & Multimedia subindustry, CRI Middleware Co's Operating Margin %, along with its competitors' market caps and Operating 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 Operating Margin % vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, CRI Middleware Co's Operating Margin % distribution charts can be found below:
* The bar in red indicates where CRI Middleware Co's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
CRI Middleware Co's Operating Margin % for the fiscal year that ended in Sep. 2025 is calculated as
* 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 Operating Margin % of 16.29% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on CRI Middleware Co and its competitors. This is 18% above median its historical median of 13.86. Over the past decade, CRI Middleware Co's Operating Margin % has ranged from 3.43 to 24.47. According to the industry distribution chart, CRI Middleware Co ranks #158 out of 552 companies in the Interactive Media industry, placing it in the top 28.6%.
Is CRI Middleware Co's Operating Margin % too high?
CRI Middleware Co's current Operating Margin % of 16.29% is 18% above median its 10-year median of 13.86. Over the past 10 years, this metric has ranged from a low of 3.43 to a high of 24.47. The Interactive Media industry median Operating Margin % is 2.98. CRI Middleware Co's value of 16.29% is 447.6% above this industry median. Based on the distribution chart, CRI Middleware Co ranks #158 out of 552 companies in the Interactive Media industry, which is above 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 Operating Margin % compare to NTES and EA?
According to the Interactive Media industry distribution chart, CRI Middleware Co ranks #158 out of 552 companies for Operating Margin %. This puts CRI Middleware Co in the upper half of its industry. The industry median Operating Margin % is 2.98. CRI Middleware Co's value of 16.29% is 447.6% above this benchmark. Historically, CRI Middleware Co's own Operating Margin % has ranged from 3.43 to 24.47 over the past decade. While the company's 10-year median is 13.86 vs. the industry median of 2.98, 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 Operating Margin % for an Interactive Media company?
The median Operating Margin % among Interactive Media companies is 2.98, based on 552 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CRI Middleware Co's current Operating Margin % of 16.29% is 447.6% 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on CRI Middleware Co and its competitors. For the Interactive Media industry, the median Operating Margin % is 2.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CRI Middleware Co's current Operating Margin % is 16.29%, which is 18% above median its own 10-year median of 13.86. 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 Operating Margin % is 16.29%, which is 18% above median its 10-year median of 13.86 and 447.6% above the Interactive Media industry median of 2.98. 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 Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For CRI Middleware Co (TSE:3698), the current Operating Margin % is 16.29% 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:
Operating Margin %: 16.29% (18% above median its 10-year median of 13.86)
GF Value™: 円1,145.47 vs. price of 円1,202.00 (4.9% above fair value)
Industry Position: 447.6% above the Interactive Media median (#158 of 552)
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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