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CRI Middleware CoTSE:3698 93 3-Year ROIIC % is 44.14 as of Sep. 2025, which is 236% above its 10-year median of 13.13. GuruFocus rates TSE:3698 with a GF Score™ of 93/100 and a GF Value™ of 円1,163.17 (Fairly Valued). The stock has 1 warning sign investors should review. Among 529 Interactive Media companies, CRI Middleware Co ranks better than 76.37% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
CRI Middleware Co's 3-Year ROIIC % for the quarter that ended in Sep. 2025 was 44.14%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for CRI Middleware Co's 3-Year ROIIC % or its related term are showing as below:
TSE:3698's 3-Year ROIIC % is ranked better than 76.37% of 529
companies
in the Interactive Media industry
Industry Median: 3.45
vs TSE:3698: 44.14
CRI Middleware Co (TSE:3698) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
CRI Middleware Co 3-Year ROIIC % Related Terms
CRI Middleware Co 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for CRI Middleware Co's 3-Year ROIIC % 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: 3-Year ROIIC % Comparison
For the Electronic Gaming & Multimedia subindustry, CRI Middleware Co's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, CRI Middleware Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where CRI Middleware Co's 3-Year ROIIC % falls into.
CRI Middleware Co's 3-Year ROIIC % for the quarter that ended in Sep. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 419.9436075 (Sep. 2025) - 97.425 (Sep. 2022) )
/
( 2301.94 (Sep. 2025) - 1571.339 (Sep. 2022) )
=
322.5186075
/
730.601
=
44.14%***
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
CRI Middleware Co (TSE:3698) has a 3-Year ROIIC % of 44.14 as of Sep. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on CRI Middleware Co and its competitors. This is 236% above median its historical median of 13.13. According to the industry distribution chart, CRI Middleware Co ranks #125 out of 529 companies in the Interactive Media industry, placing it in the top 23.6%.
Is CRI Middleware Co's 3-Year ROIIC % too high?
CRI Middleware Co's current 3-Year ROIIC % of 44.14 is 236% above median its 10-year median of 13.13. The Interactive Media industry median 3-Year ROIIC % is 3.45. CRI Middleware Co's value of 44.14 is 1179.4% above this industry median. Based on the distribution chart, CRI Middleware Co ranks #125 out of 529 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, CRI Middleware Co has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CRI Middleware Co's 3-Year ROIIC % compare to NTES and EA?
According to the Interactive Media industry distribution chart, CRI Middleware Co ranks #125 out of 529 companies for 3-Year ROIIC %. This places CRI Middleware Co in the top 24% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 3.45. CRI Middleware Co's value of 44.14 is 1179.4% above this benchmark. While the company's 10-year median is 13.13 vs. the industry median of 3.45, 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 3-Year ROIIC % for an Interactive Media company?
The median 3-Year ROIIC % among Interactive Media companies is 3.45, based on 529 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CRI Middleware Co's current 3-Year ROIIC % of 44.14 is 1179.4% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on CRI Middleware Co and its competitors. For the Interactive Media industry, the median 3-Year ROIIC % is 3.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CRI Middleware Co's current 3-Year ROIIC % is 44.14, which is 236% above median its own 10-year median of 13.13. 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1,163.17, compared to a current price of 円1,181.00 — trading 1.5% above its estimated fair value. The current 3-Year ROIIC % is 44.14, which is 236% above median its 10-year median of 13.13 and 1179.4% above the Interactive Media industry median of 3.45. CRI Middleware Co's overall GF Score™ is 93/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For CRI Middleware Co (TSE:3698), the current 3-Year ROIIC % is 44.14 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1,181.00 is trading 1.5% above its estimated GF Value™ of 円1,163.17.
GuruFocus considers CRI Middleware Co to be Fairly Valued.
Key valuation signals for TSE:3698:
3-Year ROIIC %: 44.14 (236% above median its 10-year median of 13.13)
GF Value™: 円1,163.17 vs. price of 円1,181.00 (1.5% above fair value)
Industry Position: 1179.4% above the Interactive Media median (#125 of 529)
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.
93GF Score
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