Nomura Holdings, Inc.

8604 TSE Financials Securities and Commodities Futures
TSE Prime
¥1,664.50
-0.09%
Delayed · cached 15 min

Fair value analysis

8604
Nomura Holdings, Inc.
FinancialsSecurities and Commodities Futures
¥1,664.50
Close used for this calculation
¥838.37Fair value
Financial DNA Score
Profitability · Returns · Balance Sheet · Efficiency · Growth
30/100
Profitability8/25
Returns3/25
Balance Sheet8/25
Efficiency11/25
Growth8/25
Weak
Quality radar
30Prof.8/25Ret.3/25Eff.11/25B.Sht8/25Growth8/25

Consensus fair value

¥838.37
Above FV
▼ -49.6% against the close used
Model range ¥275.59 – ¥931.62
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¥275.59Fair value¥838.37Bull¥931.62
FairClose
52-week traded range
52W low ¥1,039.0052W high ¥1,669.00

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

Valuation summary

Trading above the consensus fair value

Nomura Holdings, Inc. closed at ¥1,664.50, 98.5% above the consensus fair value of ¥838.37 drawn from 8 valuation models.

Financial DNA score 30/100 — Weak. P/E of 36.8x against the 20x sector multiple the P/E model uses.

Quantitative summary only — not investment advice.

All valuation models

DCF Valuation
¥846.98
-49.1%
Σ[CF×(1+g)^n/(1.10)^n] + TV/(1.10)^10
g=8%, r=10%, tg=3%, n=10yr
Graham Number
¥931.62
-44.0%
√(22.5 × EPS × BVPS)
EPS=45.19, BVPS=853.59 · outside Graham range (P/E 36.8, P/B 2) — asset-light, treat as a rough floor
P/E Fair Value
¥903.80
-45.7%
EPS × 20x (sector P/E)
EPS=45.19, Sector P/E=20x
Peter Lynch (PEG)
¥308.65
-81.5%
EPS × Growth% (PEG = 1 is fair)
EPS=45.19, g=6.8%
Dividend Discount (DDM)
¥649.40
-61.0%
D1 ÷ (r − g) where D1 = D0×(1+g)
D0=50.93, r=10%, g=2%
Book Value (P/B)
¥275.59
-83.4%
BVPS × (ROE−g)÷(r−g) [Justified P/B — RIM-based]
BVPS=853.59, ROE=5.3%, g=3%, r=10%
Reverse DCF
¥1,664.50
+0.0%
Solve for g: Price = Σ[EPS×(1+g)^n/(1.10)^n] + TV
Implied: 15.4% | Historical: -6.8%
Margin of Safety
¥670.60
-59.7%
Avg(DCF, Graham, P/E) × 75% (25% safety buffer)
Avg fair value=894.13, 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.