This paper evaluates the code efficiency of the ARM, Java, and x86 instruction sets by compiling the SPEC CPU95/CPU2000/JVM98 and CaffeineMark benchmarks, from the aspects of code sizes, basic block sizes, instruction distributions, and average instruction lengths. As a result, mainly because (i) the Java architecture is a stack machine, (ii) there are only four local variables which can be accessed by a 1-byte instruction, and (iii) additional instructions are provided for the network security, the code efficiency of Java turns out to be inferior to that of ARM Thumb. Moreover, through this efficiency analysis it should be stressed that there exists the high potential of constructing a more efficient code architecture by taking minute account of the customization of an instruction set as well as the number of registers.