CRI Middleware Co.,Ltd.

3698 TSE Technology Information & Communication
TSE Standard
¥1,198.00
-0.42%
Delayed · cached 15 min

Fair value analysis

3698
CRI Middleware Co.,Ltd.
TechnologyInformation & Communication
¥1,198.00
Close used for this calculation
¥2,049.75Fair value
Financial DNA Score
Profitability · Returns · Balance Sheet · Efficiency · Growth
74/100
Profitability21/25
Returns14/25
Balance Sheet21/25
Efficiency18/25
Growth23/25
Strong
Quality radar
74Prof.21/25Ret.14/25Eff.18/25B.Sht21/25Growth23/25

Consensus fair value

¥2,049.75
Below FV
▲ +71.1% against the close used
Model range ¥927.48 – ¥3,158.07
The lowest and highest of the models that produced a value. This is the spread of the methods, not a price target.

Price target range & 52-week position

Bear¥927.48Fair value¥2,049.75Bull¥3,158.07
FairClose
52-week traded range
52W low ¥926.0052W high ¥1,552.00

The 52-week range is measured from the stored price history, not estimated.

Valuation summary

Trading below the consensus fair value

CRI Middleware Co.,Ltd. closed at ¥1,198.00, 41.6% below the consensus fair value of ¥2,049.75 drawn from 9 valuation models.

Financial DNA score 74/100 — Strong. P/E of 14.9x against the 20x sector multiple the P/E model uses.

Quantitative summary only — not investment advice.

All valuation models

DCF Valuation
¥3,158.07
+163.6%
Σ[CF×(1+g)^n/(1.10)^n] + TV/(1.10)^10
g=9%, r=10%, tg=3%, n=10yr
Graham Number
¥1,183.26
-1.2%
√(22.5 × EPS × BVPS)
EPS=80.51, BVPS=772.9 · outside Graham range (P/E 14.9, P/B 1.6) — asset-light, treat as a rough floor
P/E Fair Value
¥1,610.20
+34.4%
EPS × 20x (sector P/E)
EPS=80.51, Sector P/E=20x
Peter Lynch (PEG)
¥1,648.84
+37.6%
EPS × Growth% (PEG = 1 is fair)
EPS=80.51, g=20.5%
EV/EBITDA
¥2,351.48
+96.3%
(EBITDA × 18x − Net Debt) ÷ Shares
EBITDA=682.66M
Dividend Discount (DDM)
¥1,352.06
+12.9%
D1 ÷ (r − g) where D1 = D0×(1+g)
D0=25.04, r=10%, g=8%
Book Value (P/B)
¥927.48
-22.6%
BVPS × (ROE−g)÷(r−g) [Justified P/B — RIM-based]
BVPS=772.9, ROE=10.8%, g=6%, r=10%
Reverse DCF
¥1,198.00
+0.0%
Solve for g: Price = Σ[EPS×(1+g)^n/(1.10)^n] + TV
Implied: 3.2% | Historical: 20.5%
Margin of Safety
¥1,487.88
+24.2%
Avg(DCF, Graham, P/E) × 75% (25% safety buffer)
Avg fair value=1983.84, MoS=25%

Computed on September 12, 2026 from the most recent annual report on file and that day's closing price. Where a company has seen its earnings move sharply since its last annual report, this figure will lag the market.

Educational data only. Not a recommendation to buy, sell or hold any security.

Educational data only. Not a recommendation to buy, sell or hold any security.