Nomura Holdings, Inc. (NMR)

Financials · NYQ

$9.78-1.31% today

Price as at 1 Oct 2026, 08:13 UTC. Quotes are delayed.

Fundamentals

Market cap$28.50B
P/E ratio13.0
Dividend yield3.37%
Revenue growth (YoY)+27.5%
Profit margin16.7%
Return on equity10.1%
52-week range$6.71 to $10.94

Valuation and ratings

Fair value estimate$10.99
Upside to fair value+12.4%
Analyst target (mean)$10.20
Analyst range$10.20 to $10.20
Analysts with price targets1
Consensus viewnone
Moat score63/100
Overall rating68/100, good quality

Fair value: $10.99 (+12.4%), see how we got there

Nomura Holdings, Inc. trades at $9.78, close to the $10.99 our fair value estimate puts on the business. On this measure the market and the model broadly agree, so the interesting question is which of them is wrong.

Our moat model scores it 63 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.

It changes hands at 13.0 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.

NMR dividend history

Dividend yield3.37%
Most recent payment$0.238, ex 31 Mar 2025
5-year growth (p.a.)+38.9%
Consecutive years paid2

Dividends per share by year

YearTotal per sharePayments
2025$0.2381
2024$0.2482
2020$0.0461
2007$0.3143
2006$0.4473
2005$0.2052
2004$0.1582
2003$0.1872

Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.

NMR earnings and analyst estimates

EPS estimate, next year$0.82
Expected EPS growth+2.3%
Expected revenue growth+1.7%

Recommendation mix, 1 published rating

1 buy0 hold0 sell

Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.

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 asset management services. The Investment Management segment provides investment management services and investment solutions, such as establishing and managing investment trusts, discretionary investment services, investment and management for investment vehicles, funds for institutional investors, and management of silent partnerships. The Wholesale segment is involved in the sales and trading of debt and equity securities, foreign exchange; offers investment banking services, including underwriting and distribution of debt and equity securities, mergers and acquisitions, and financial advisory services. Nomura Holdings, Inc. was incorporated in 1925 and is headquartered in Tokyo, Japan.

Industry: Capital MarketsEmployees: 28,677HQ: Japan

Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.

NMR passes 3 of our 30 screens today

Each screen prints the exact criteria it used, and the circumstances in which it is wrong.

Super investor ownership

8 of the funds we track reported a position in their latest SEC 13F filing. Largest first:

A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.

Politician trades in NMR

Trades in NMR disclosed by members of Congress and executive-branch officials, latest first:

  • Alan Armstrong · SenateBuy · $1,001 - $15,000 · traded 30 Mar 2026 · disclosed 21 Jul 2026
  • Daniel Goldman · HouseSell · $15,001 - $50,000 · traded 10 Jul 2023 · disclosed 13 Aug 2023
  • Greg Gianforte · HouseBuy · $1,001 - $15,000 · traded 21 Dec 2018 · disclosed 23 Jan 2019
  • Greg Gianforte · HouseSell · $1,001 - $15,000 · traded 19 Nov 2018 · disclosed 11 Dec 2018

A disclosure reports a value band, not an amount, and is due up to 45 days after the trade; some arrive later. Every filer we track, each with their own page, is on the Congress trading tracker.

NMR peers

The largest companies in the same industry (Capital Markets), then in the same sector.

Every financials company we cover is on the Financials hub.

Common questions

Is Nomura Holdings, Inc. (NMR) undervalued?

Against our fair value estimate of $10.99, NMR at $9.78 is 12% below fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.

Which funds own NMR?

8 of the institutions we track reported a position in NMR in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.

What is NMR's P/E ratio?

NMR trades at 13.0 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.

Does Nomura Holdings, Inc. (NMR) pay a dividend?

Yes. Nomura Holdings, Inc. yields 3.37% at the current share price. It has paid a dividend in each of the last 2 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.

Where does SteadyShares get its NMR data?

Fundamentals for NMR come from company filings and exchange data, as listed on NYQ; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 1 Oct 2026, 08:13 UTC and is delayed. Our data quality score for this company is 100/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.

The full research page for NMR, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.

Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.