NMR

Nomura Holdings, Inc.

Financial Services · $29.3B market cap

Verdict

Share price

$9.73

close of Oct 3, 2026

Fair value

$4.37

Sticker Price

Payback Price

$1.75

buy price

Overpriced

NMR is Overpriced: at $9.73 it trades 123% above its fair value of $4.37. Its buy price (Payback Price) is $1.75, 82% below today's price. Business quality is limited: only 1 of 5 key numbers clears the 10% bar.

How we valued it

Justified P/B (Financials). A bank or insurer. These are best valued on their book value and how much they earn on it.

Business quality

1 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth4.2% a year✗
Equity per share growth4.0% a year✗
Sales growth3.6% a year✗
Free cash flow growth37.5% a year✓
Return on invested capital1.0%✗

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About Nomura Holdings, Inc.

Nomura Holdings, Inc. engages in the provision of investment, financing, and related services to individual, institutional, and government clients worldwide. It operates through three segments: Wealth Management, Investment Management, and Wholesale. The Wealth Management segment offers investment consultation services. The Investment Management segment provides investment management services and investment…

Financial - Capital Markets

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works