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Nomura Holdings Inc ADR(NMR)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for NMR
11/06/2026: NMR (2-star) is currently NOT-A-BUY. Pass it for now.
Nomura Holdings Inc ADR is a major Japanese financial services group providing retail brokerage, investment banking, and asset management globally. Its primary strength lies in a dominant position within Japan's retail wealth market, providing a relatively stable revenue foundation. The core investment story centers on capturing long-term wealth growth in Japan and improving cost efficiencies in its international wholesale operations. Key risks include significant exposure to global market volatility and intense competition from larger international banks. Nomura may best suit value-oriented investors seeking exposure to the Japanese financial sector, though prospective investors should monitor domestic economic trends and the firm's progress in achieving sustained international profitability.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | Growth is often cyclical rather than secular, limiting appeal for pure growth investors. |
| Momentum investor | Weak fit | Stock price trends are frequently tied to broader, volatile global market sentiment. |
| Value investor | Strong fit | The stock often trades at valuations that may reflect deep discounts to book value. |
| Dividend investor | Mixed fit | Dividends are available but tend to be variable based on earnings cycles. |
| Low-risk investor | Weak fit | High inherent volatility in financial markets makes this a higher-risk holding. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | Financial services stocks are highly sensitive to market swings. |
| Valuation risk | Medium | Market perception of book value vs. earnings quality can lead to valuation swings. |
| Competition risk (Banking/Brokerage) | High | Intense pressure from global and domestic incumbents limits pricing power. |
| Business quality | Medium | Profitability is dependent on consistent market activity and successful risk management. |
| Dividend income | Medium | Variable payout policy limits utility for income-focused portfolios. |
| Execution risk | Medium | Successfully managing international growth remains a recurring execution challenge. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type Stock | Historic Profit 17.46% | Avg. Invested days 46 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 11/06/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 27.53B USD | Price to earnings Ratio 10.83 | 1Y Target Price 10.64 |
Price to earnings Ratio 10.83 | 1Y Target Price 10.64 | ||
Volume (30-day avg) 914.3K shares | Beta 0.59 | 52 Weeks Range 6.66 - 10.75 | Updated Date 11/08/2026 |
52 Weeks Range 6.66 - 10.75 | Updated Date 11/08/2026 | ||
Dividends yield (FY) 3.44% | Basic EPS (TTM) 0.87 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Retail (Japan) | Brokerage fees, asset management fees, and financial advice. | The bedrock of Nomura's stable income, driven by individual Japanese investors. |
| Wholesale (Global) | Trading revenue, underwriting fees, and M&A advisory. | A volatile, higher-risk segment dependent on global economic activity. |
| Geography: Japan | Bulk of operating profit and retail client base. | Domestic market health is the single biggest factor in Nomura's performance. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2026-10-28 | When Before Market | Estimate 0.2 | Actual 0.22 |
Profitability
Profit Margin 17.12% | Operating Margin (TTM) 24.36% |
Management Effectiveness
Return on Assets (TTM) 0.68% | Return on Equity (TTM) 11.51% |
Valuation
Trailing PE 10.83 | Forward PE 15.38 | Enterprise Value -14.24T | Price to Sales(TTM) 0.01 |
Enterprise Value -14.24T | Price to Sales(TTM) 0.01 | ||
Enterprise Value to Revenue 2.28 | Enterprise Value to EBITDA - | Shares Outstanding 2.92B | Shares Floating 2.78B |
Shares Outstanding 2.92B | Shares Floating 2.78B | ||
Percent Insiders - | Percent Institutions 3.19 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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