Nomura System Corporation Co,Ltd.

3940 TSE Technology Information & Communication
TSE Standard
¥128.00
-2.29%
Delayed · cached 15 min

Fair value analysis

3940
Nomura System Corporation Co,Ltd.
Technology›Information & Communication
¥128.00
Close used for this calculation
¥125.57Fair value
Financial DNA Score
Profitability · Returns · Balance Sheet · Efficiency · Growth
65/100
Profitability13/25
Returns11/25
Balance Sheet23/25
Efficiency18/25
Growth4/25
Strong
Quality radar
65Prof.13/25Ret.11/25Eff.18/25B.Sht23/25Growth4/25

Consensus fair value

¥125.57
Near FV
▼ -1.9% against the close used
Model range ¥32.49 – ¥176.60
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¥32.49Fair value¥125.57Bull¥176.60
FairClose
52-week traded range
52W low ¥109.0052W high ¥149.00

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

Valuation summary

Trading close to the consensus fair value

Nomura System Corporation Co,Ltd. closed at ¥128.00, 1.9% above the consensus fair value of ¥125.57 drawn from 9 valuation models.

Financial DNA score 65/100 — Strong. P/E of 14.5x against the 20x sector multiple the P/E model uses.

Quantitative summary only — not investment advice.

All valuation models

DCF Valuation
¥115.13
-10.1%
Σ[CF×(1+g)^n/(1.10)^n] + TV/(1.10)^10
g=3.7%, r=10%, tg=3%, n=10yr
Graham Number
¥123.40
-3.6%
√(22.5 × EPS × BVPS)
EPS=8.83, BVPS=76.65 · outside Graham range (P/E 14.5, P/B 1.7) — asset-light, treat as a rough floor
P/E Fair Value
¥176.60
+38.0%
EPS × 20x (sector P/E)
EPS=8.83, Sector P/E=20x
Peter Lynch (PEG)
¥32.49
-74.6%
EPS × Growth% (PEG = 1 is fair)
EPS=8.83, g=3.7%
EV/EBITDA
¥154.49
+20.7%
(EBITDA × 11.8x − Net Debt) ÷ Shares
EBITDA=596.49M
Dividend Discount (DDM)
¥58.17
-54.6%
D1 ÷ (r − g) where D1 = D0×(1+g)
D0=3.55, r=10%, g=3.7%
Book Value (P/B)
¥100.90
-21.2%
BVPS × (ROE−g)÷(r−g) [Justified P/B — RIM-based]
BVPS=76.65, ROE=12%, g=3.7%, r=10%
Reverse DCF
¥128.00
+0.0%
Solve for g: Price = Σ[EPS×(1+g)^n/(1.10)^n] + TV
Implied: 2.8% | Historical: 3.7%
Margin of Safety
¥103.78
-18.9%
Avg(DCF, Graham, P/E) × 75% (25% safety buffer)
Avg fair value=138.38, 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.