CRI Middleware Co (TSE:3698) PB Ratio: 1.51 (As of Jul. 12, 2026) — 35% Below Median


TSE:3698 CRI Middleware Co Ltd TSE:3698
88 GF Score
Price 円1,202.00
GF Value 円1,146.40
Valuation Fairly Valued
! 1 Warning Sign
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What is CRI Middleware Co PB Ratio?

CRI Middleware Co TSE:3698 +1.01% 88 PB Ratio is 1.51 as of Jul. 12, 2026, which is 35% below its 10-year median of 2.32. GuruFocus rates TSE:3698 with a GF Score™ of 88/100 and a GF Value™ of 円1,146.40 (Fairly Valued). The stock has 1 warning sign investors should review. Among 514 Interactive Media companies, CRI Middleware Co ranks better than 55.25% on this metric.

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-12), CRI Middleware Co's share price is 円1202.00. CRI Middleware Co's Book Value per Share for the quarter that ended in Mar. 2026 was 円797.51. Hence, CRI Middleware Co's PB Ratio of today is 1.51.

The historical rank and industry rank for CRI Middleware Co's PB Ratio or its related term are showing as below:

TSE:3698' s PB Ratio Range Over the Past 10 Years
Min: 0.96   Med: 2.32   Max: 13.53
Current: 1.51

During the past 13 years, CRI Middleware Co's highest PB Ratio was 13.53. The lowest was 0.96. And the median was 2.32.

TSE:3698's PB Ratio is ranked better than
55.25% of 514 companies
in the Interactive Media industry
Industry Median: 1.7 vs TSE:3698: 1.51

During the past 12 months, CRI Middleware Co's average Book Value Per Share Growth Rate was 6.70% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 6.50% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 1.90% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 8.40% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of CRI Middleware Co was 22.30% per year. The lowest was -0.30% per year. And the median was 12.35% per year.

Back to Basics: PB Ratio


CRI Middleware Co  (TSE:3698) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.


CRI Middleware Co PB Ratio Related Terms


CRI Middleware Co PB Ratio Historical Data

* Premium members only.

The historical data trend for CRI Middleware Co's PB Ratio 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 PB Ratio Chart

CRI Middleware Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.09 1.44 1.53 1.04 1.82

CRI Middleware Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
PB Ratio 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 1.20 1.04 1.31 1.82 1.16

TSE:3698 vs NTES, EA, TTWO: PB Ratio Comparison

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

For the Interactive Media industry and Communication Services sector, CRI Middleware Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where CRI Middleware Co's PB Ratio falls into.


TSE:3698
88GF Score
CRI Middleware Co Ltd TSE:3698
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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CRI Middleware Co PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

CRI Middleware Co's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=1202.00/797.507
=1.51

* 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.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 1.51 mean?
CRI Middleware Co (TSE:3698) has a PB Ratio of 1.51 as of Jul. 12, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on CRI Middleware Co and its competitors. This is 35% below median its historical median of 2.32. Over the past decade, CRI Middleware Co's PB Ratio has ranged from 0.96 to 13.53. According to the industry distribution chart, CRI Middleware Co ranks #230 out of 514 companies in the Interactive Media industry, placing it in the top 44.7%.
Is CRI Middleware Co's PB Ratio too high?
CRI Middleware Co's current PB Ratio of 1.51 is 35% below median its 10-year median of 2.32. Over the past 10 years, this metric has ranged from a low of 0.96 to a high of 13.53. The Interactive Media industry median PB Ratio is 1.70. CRI Middleware Co's value of 1.51 is 11.2% below this industry median. Based on the distribution chart, CRI Middleware Co ranks #230 out of 514 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 PB Ratio compare to NTES and EA?
According to the Interactive Media industry distribution chart, CRI Middleware Co ranks #230 out of 514 companies for PB Ratio. This puts CRI Middleware Co in the upper half of its industry. The industry median PB Ratio is 1.70. CRI Middleware Co's value of 1.51 is 11.2% below this benchmark. Historically, CRI Middleware Co's own PB Ratio has ranged from 0.96 to 13.53 over the past decade. While the company's 10-year median is 2.32 vs. the industry median of 1.70, 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 PB Ratio for an Interactive Media company?
The median PB Ratio among Interactive Media companies is 1.70, based on 514 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CRI Middleware Co's current PB Ratio of 1.51 is 11.2% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on CRI Middleware Co and its competitors. For the Interactive Media industry, the median PB Ratio is 1.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CRI Middleware Co's current PB Ratio is 1.51, which is 35% below median its own 10-year median of 2.32. 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1,146.40, compared to a current price of 円1,202.00 — trading 4.8% above its estimated fair value. The current PB Ratio is 1.51, which is 35% below median its 10-year median of 2.32 and 11.2% below the Interactive Media industry median of 1.70. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For CRI Middleware Co (TSE:3698), the current PB Ratio is 1.51 as of Jul. 12, 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 4.8% above its estimated GF Value™ of 円1,146.40. GuruFocus considers CRI Middleware Co to be Fairly Valued.

Key valuation signals for TSE:3698:

  • PB Ratio: 1.51 (35% below median its 10-year median of 2.32)
  • GF Value™: 円1,146.40 vs. price of 円1,202.00 (4.8% above fair value)
  • GF Score™: 88/100 with 1 warning sign
  • Industry Position: 11.2% below the Interactive Media median (#230 of 514)

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.
88GF Score

Get the complete analysis for TSE:3698

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

円1,202.00
Price
円1,146.40
GF Value