Nomura Holdings (NMR) Fair Value & Analysis
Financial Services · US · Market cap $26.2B
Nomura Holdings
NMR · US
Fair value as of: Jun 26, 2026
From 16 valuation models · updated 28 days ago
Fair value updated Jun 26, 2026, revised from $9.33 to $11.01 (+18.0%) since Jun 24, 2026. Share price +13.9% over the past month.
Price vs Fair Value (12 months)
12‑month range $6.15 – $10.04 · fair‑value band $8.26 – $13.76 · the $9.81 price screens below the $11.01 fair value. As of Jun 26, 2026.
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Nomura Holdings (NMR) currently trades at $9.81, while our model-based Fair Value estimate is $11.01, implying the stock looks roughly 12.2% undervalued today. We read business quality at 54/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Nomura Holdings generated revenue of $2.2T at a net margin of 16.7%. Revenue grew 27.5% year over year. It earns a return on equity of 10.1%. Net debt stands at $13.0T. Fundamentals as of Jun 26, 2026
Our scenario range runs from $8.26 (bear case) to $13.76 (bull case); at $9.81, the current price sits within that range. The share trades near its 52-week high and 65% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 18% fair-value upside, at 12%, NMR screens richer than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.
About the company
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.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Nomura Holdings reported revenue of $4.8T in FY2026 versus $1.4T in FY2022, a compound +36.4%/yr. Reported net income was $362B in FY2026, compounding +26.1%/yr from FY2022.
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External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection, not financial advice.
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10 more Capital Markets stocks, each showing price versus our Fair Value estimate (as of Jun 26, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| The Goldman Sachs Group GS | C$52.65 | C$25.86 | -51% |
| Mirae Asset Securities Co 006800 | 46,100 KRW | 36,828 KRW | -20% |
| Meritz Financial Group 138040 | 107,300 KRW | 127,077 KRW | +18% |
| Korea Investment Holdings 071050 | 229,000 KRW | 409,648 KRW | +79% |
| NH Investment & Securities Co 005940 | 30,800 KRW | 37,634 KRW | +22% |
| Samsung Securities Co 016360 | 123,400 KRW | 170,104 KRW | +38% |
| Motilal Oswal Financial Services Limited MOTILALOFS | ₹855.35 | ₹662.88 | -23% |
| Kiwoom Securities Co 039490 | 337,000 KRW | 552,296 KRW | +64% |
| Authum Investment & Infrastructure Limited AIIL | ₹465.15 | ₹229.14 | -51% |
| SSI Securities Corporation SSI | 27,200 VND | 29,858 VND | +10% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.