CRI Middleware Co (TSE:3698) PE Ratio (TTM): 16.24 (As of Jul. 21, 2026) — 52% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:3698 CRI Middleware Co Ltd TSE:3698
89 GF Score
Price 円1,155.00
GF Value 円1,154.78
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is CRI Middleware Co PE Ratio (TTM)?

CRI Middleware Co TSE:3698 -6.55% 89 PE Ratio (TTM) is 16.24 as of Jul. 21, 2026, which is 52% below its 10-year median of 34.14. GuruFocus rates TSE:3698 with a GF Score™ of 89/100 and a GF Value™ of 円1,154.78 (Fairly Valued). The stock has 1 warning sign investors should review. Among 298 Interactive Media companies, CRI Middleware Co ranks better than 51.01% on this metric.

The PE Ratio (TTM), or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). As of today (2026-07-21), CRI Middleware Co's share price is 円1155.00. CRI Middleware Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was 円71.12. Therefore, CRI Middleware Co's PE Ratio (TTM) for today is 16.24.


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

TSE:3698' s PE Ratio (TTM) Range Over the Past 10 Years
Min: 11.77   Med: 34.14   Max: 195.64
Current: 16.24


During the past 13 years, the highest PE Ratio (TTM) of CRI Middleware Co was 195.64. The lowest was 11.77. And the median was 34.14.


TSE:3698's PE Ratio (TTM) is ranked better than
51.01% of 298 companies
in the Interactive Media industry
Industry Median: 16.765 vs TSE:3698: 16.24

CRI Middleware Co's Earnings per Share (Diluted) for the six months ended in Mar. 2026 was 円42.56. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was 円71.12.

As of today (2026-07-21), CRI Middleware Co's share price is 円1155.00. CRI Middleware Co's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was 円71.12. Therefore, CRI Middleware Co's PE Ratio without NRI for today is 16.24.

During the past 13 years, CRI Middleware Co's highest PE Ratio without NRI was 744.33. The lowest was 11.77. And the median was 35.46.

CRI Middleware Co's EPS without NRI for the six months ended in Mar. 2026 was 円42.56. Its EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was 円71.12.

During the past 12 months, CRI Middleware Co's average EPS without NRI Growth Rate was -12.40% per year. During the past 3 years, the average EPS without NRI Growth Rate was 270.20% per year. During the past 5 years, the average EPS without NRI Growth Rate was 18.60% per year. During the past 10 years, the average EPS without NRI Growth Rate was 2.60% per year.

During the past 13 years, CRI Middleware Co's highest 3-Year average EPS without NRI Growth Rate was 270.20% per year. The lowest was -67.10% per year. And the median was 7.95% per year.

CRI Middleware Co's EPS (Basic) for the six months ended in Mar. 2026 was 円42.56. Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was 円71.12.


CRI Middleware Co  (TSE:3698) PE Ratio (TTM) Explanation

The PE Ratio (TTM) can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio (TTM) is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.

In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio (TTM) is positive. Also for stocks with the same PE Ratio (TTM), the one with faster growth business is more attractive.

If a company loses money, the PE Ratio (TTM) becomes meaningless.

To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio (TTM) divided by the growth ratio. He thinks a company with a PE Ratio (TTM) equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio (TTM) of 20, instead of a company growing 10% a year with a PE Ratio (TTM) of 10.

Because the PE Ratio (TTM) measures how long it takes to earn back the price you pay, the PE Ratio (TTM) can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.

Similar to the PE Ratio without NRI or PS Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PE Ratio (TTM) measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

Investors need to be aware that the PE Ratio (TTM) can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratio (TTM)s are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio (TTM) is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio .

PE Ratio (TTM) can also be affected by non-recurring-items such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio (TTM).


CRI Middleware Co PE Ratio (TTM) Related Terms


CRI Middleware Co PE Ratio (TTM) Historical Data

* Premium members only.

The historical data trend for CRI Middleware Co's PE Ratio (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 PE Ratio (TTM) Chart

CRI Middleware Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
PE Ratio (TTM)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 41.25 At Loss 23.53 12.75 17.59

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
PE Ratio (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 18.14 12.75 N/A 17.59 At Loss

TSE:3698 vs NTES, EA, TTWO: PE Ratio (TTM) Comparison

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

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

* The bar in red indicates where CRI Middleware Co's PE Ratio (TTM) falls into.


TSE:3698
89GF Score
CRI Middleware Co Ltd TSE:3698
PE Ratio (TTM) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CRI Middleware Co PE Ratio (TTM) Calculation

The PE Ratio (TTM), or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). It is the most widely used ratio in the valuation of stocks.

CRI Middleware Co's PE Ratio (TTM) for today is calculated as

PE Ratio (TTM)=Share Price/Earnings per Share (Diluted) (TTM)
=1155.00/71.118
=16.24

CRI Middleware Co's Share Price of today is 円1155.00.
For company reported semi-annually, CRI Middleware Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円71.12.

* 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:

PE Ratio (TTM)=Market Cap /Net Income

There are at least three kinds of PE Ratio (TTM)s used by different investors. They are Trailing Twelve Month PE Ratio (TTM) or PE Ratio (TTM) (TTM), Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio (TTM) based on inflation-adjusted normalized PE Ratio (TTM) is called Shiller PE Ratio, after Yale professor Robert Shiller.

In the calculation of PE Ratio (TTM), the earnings per share used are the earnings per share over the past 12 months. For Forward PE Ratio, the earnings are the expected earnings for the next twelve months. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.

Frequently Asked Questions Learn more about PE Ratio (TTM) →
What does a PE Ratio (TTM) of 16.24 mean?
CRI Middleware Co (TSE:3698) has a PE Ratio (TTM) of 16.24 as of Jul. 21, 2026. Trailing 12-month P/E ratio is the ratio of share price to a company's trailing 12-month earnings per share. View historical data on CRI Middleware Co and its competitors. This is 52% below median its historical median of 34.14. Over the past decade, CRI Middleware Co's PE Ratio (TTM) has ranged from 11.77 to 195.64. According to the industry distribution chart, CRI Middleware Co ranks #146 out of 298 companies in the Interactive Media industry, placing it in the top 49%.
Is CRI Middleware Co's PE Ratio (TTM) too high?
CRI Middleware Co's current PE Ratio (TTM) of 16.24 is 52% below median its 10-year median of 34.14. Over the past 10 years, this metric has ranged from a low of 11.77 to a high of 195.64. The Interactive Media industry median PE Ratio (TTM) is 16.77. CRI Middleware Co's value of 16.24 is 3.1% below this industry median. Based on the distribution chart, CRI Middleware Co ranks #146 out of 298 companies in the Interactive Media industry, which is above the industry midpoint. Overall, CRI Middleware Co has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CRI Middleware Co's PE Ratio (TTM) compare to NTES and EA?
According to the Interactive Media industry distribution chart, CRI Middleware Co ranks #146 out of 298 companies for PE Ratio (TTM). This puts CRI Middleware Co in the upper half of its industry. The industry median PE Ratio (TTM) is 16.77. CRI Middleware Co's value of 16.24 is 3.1% below this benchmark. Historically, CRI Middleware Co's own PE Ratio (TTM) has ranged from 11.77 to 195.64 over the past decade. While the company's 10-year median is 34.14 vs. the industry median of 16.77, 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 PE Ratio (TTM) for an Interactive Media company?
The median PE Ratio (TTM) among Interactive Media companies is 16.77, based on 298 companies in the industry. Companies in the top quartile (top 25%) have a PE Ratio (TTM) significantly above this median, while those in the bottom quartile fall well below. However, PE Ratio (TTM) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CRI Middleware Co's current PE Ratio (TTM) of 16.24 is 3.1% 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 PE Ratio (TTM) mean?
A high PE Ratio (TTM) can signal that a stock is expensive relative to its fundamentals. Trailing 12-month P/E ratio is the ratio of share price to a company's trailing 12-month earnings per share. View historical data on CRI Middleware Co and its competitors. For the Interactive Media industry, the median PE Ratio (TTM) is 16.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CRI Middleware Co's current PE Ratio (TTM) is 16.24, which is 52% below median its own 10-year median of 34.14. 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1,154.78, compared to a current price of 円1,155.00 — trading 0% above its estimated fair value. The current PE Ratio (TTM) is 16.24, which is 52% below median its 10-year median of 34.14 and 3.1% below the Interactive Media industry median of 16.77. CRI Middleware Co's overall GF Score™ is 89/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PE Ratio (TTM) calculated?
PE Ratio (TTM) is calculated from a company's financial statements. For CRI Middleware Co (TSE:3698), the current PE Ratio (TTM) is 16.24 as of Jul. 21, 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1,155.00 is trading 0% above its estimated GF Value™ of 円1,154.78. GuruFocus considers CRI Middleware Co to be Fairly Valued.

Key valuation signals for TSE:3698:

  • PE Ratio (TTM): 16.24 (52% below median its 10-year median of 34.14)
  • GF Value™: 円1,154.78 vs. price of 円1,155.00 (0% above fair value)
  • GF Score™: 89/100 with 1 warning sign
  • Industry Position: 3.1% below the Interactive Media median (#146 of 298)

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.
89GF Score

Get the complete analysis for TSE:3698

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

円1,155.00
Price
円1,154.78
GF Value