CRI Middleware Co (TSE:3698) Owner Earnings per Share (TTM): 122.70 (As of Sep. 2025)

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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
View Full Analysis

What is CRI Middleware Co Owner Earnings per Share (TTM)?

CRI Middleware Co TSE:3698 -0.65% 94 Owner Earnings per Share (TTM) is 122.70 as of Sep. 2025. GuruFocus rates TSE:3698 with a GF Score™ of 94/100 and a GF Value™ of 円1,144.45 (Fairly Valued). Among 238 Interactive Media companies, CRI Middleware Co ranks better than 61.76% on this metric.

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

CRI Middleware Co does not have enough data to calculate Owner Earnings per Share (TTM), so as Price-to-Owner-Earnings ratio.


The historical rank and industry rank for CRI Middleware Co's Owner Earnings per Share (TTM) or its related term are showing as below:

TSE:3698' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 8.64   Med: 52.87   Max: 98.85
Current: 9.76


During the past 13 years, the highest Price-to-Owner-Earnings ratio of CRI Middleware Co was 98.85. The lowest was 8.64. And the median was 52.87.


TSE:3698's Price-to-Owner-Earnings is ranked better than
61.76% of 238 companies
in the Interactive Media industry
Industry Median: 13.235 vs TSE:3698: 9.76

CRI Middleware Co's Earnings per Share (Diluted) for the three months ended in Jun. 2026 was 円13.61. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was 円73.98. It's PE Ratio (TTM) ratio for today is 16.49.

CRI Middleware Co's EPS without NRI for the three months ended in Jun. 2026 was 円13.61. Its EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2026 was 円72.99. It's PE Ratio without NRI ratio for today is 16.71.


Be Aware

Assumption: Companies usually do not report maintenance capital expenditures and growth capital expenditures separately. Here we use estimated numbers and average them over 5 years. The method to estimate maintenance capital expenditures can be found in above part 4.

Note: GuruFocus' Change In Working Capital is provided by FactSet. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And it includes non-current parts of assets and liabilities.


CRI Middleware Co Owner Earnings per Share (TTM) Related Terms


CRI Middleware Co Owner Earnings per Share (TTM) Historical Data

* Premium members only.

The historical data trend for CRI Middleware Co's Owner Earnings per Share (TTM) 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 Owner Earnings per Share (TTM) Chart

CRI Middleware Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Owner Earnings per Share (TTM)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 60.20 -92.69 43.31 18.60 126.48

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
Owner Earnings per Share (TTM) 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 - - - - -

TSE:3698 vs NTES, TTWO, RBLX: Owner Earnings per Share (TTM) Comparison

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

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

* The bar in red indicates where CRI Middleware Co's Price-to-Owner-Earnings falls into.


TSE:3698
94GF Score
CRI Middleware Co Ltd TSE:3698
Owner Earnings per Share (TTM) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CRI Middleware Co Owner Earnings per Share (TTM) Calculation

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume. (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

To make it simple, then you will have:

Owner Earnings per Share (TTM) = (Net Income + Depreciation, Depletion and Amortization + Change In Deferred Tax - 5Y Average of Maintenance Capital Expenditure + Change In Working Capital) / Shares Outstanding (Diluted Average)

CRI Middleware Co does not have enough data to calculate Owner Earnings per Share (TTM). Please check Wal-Mart Stores Inc, as your reference.

What does a Owner Earnings per Share (TTM) of 122.70 mean?
CRI Middleware Co (TSE:3698) has a Owner Earnings per Share (TTM) of 122.70 as of Sep. 2025. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on CRI Middleware Co. According to the industry distribution chart, CRI Middleware Co ranks #91 out of 238 companies in the Interactive Media industry, placing it in the top 38.2%.
Is CRI Middleware Co's Owner Earnings per Share (TTM) too high?
CRI Middleware Co's current Owner Earnings per Share (TTM) is 122.70. The Interactive Media industry median Owner Earnings per Share (TTM) is 13.24. CRI Middleware Co's value of 122.70 is 827.1% above this industry median. Based on the distribution chart, CRI Middleware Co ranks #91 out of 238 companies in the Interactive Media industry, which is above the industry midpoint. 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 Owner Earnings per Share (TTM) compare to NTES and TTWO?
According to the Interactive Media industry distribution chart, CRI Middleware Co ranks #91 out of 238 companies for Owner Earnings per Share (TTM). This puts CRI Middleware Co in the upper half of its industry. The industry median Owner Earnings per Share (TTM) is 13.24. CRI Middleware Co's value of 122.70 is 827.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Owner Earnings per Share (TTM) for an Interactive Media company?
The median Owner Earnings per Share (TTM) among Interactive Media companies is 13.24, based on 238 companies in the industry. Companies in the top quartile (top 25%) have a Owner Earnings per Share (TTM) significantly above this median, while those in the bottom quartile fall well below. However, Owner Earnings per Share (TTM) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CRI Middleware Co's current Owner Earnings per Share (TTM) of 122.70 is 827.1% 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 Owner Earnings per Share (TTM) mean?
A high Owner Earnings per Share (TTM) can signal that a stock is expensive relative to its fundamentals. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on CRI Middleware Co. For the Interactive Media industry, the median Owner Earnings per Share (TTM) is 13.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CRI Middleware Co's current Owner Earnings per Share (TTM) is 122.70. 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 Owner Earnings per Share (TTM) is 122.70 and 827.1% above the Interactive Media industry median of 13.24. 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 Owner Earnings per Share (TTM) calculated?
Owner Earnings per Share (TTM) is calculated from a company's financial statements. For CRI Middleware Co (TSE:3698), the current Owner Earnings per Share (TTM) is 122.70 as of Sep. 2025. 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:

  • Owner Earnings per Share (TTM): 122.70
  • GF Value™: 円1,144.45 vs. price of 円1,220.00 (6.6% above fair value)
  • GF Score™: 94/100
  • Industry Position: 827.1% above the Interactive Media median (#91 of 238)

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

Owner Earnings per Share (TTM) 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