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← CockpitCompetitor Analysis › 9716.T NOMURA Co., Ltd.Open in the cockpit ↗

NOMURA Co., Ltd.9716.TCompetitor analysis, valuation and peers

Japan · JPY·Industrials›Miscellaneous Commercial Services
Momentum strong 70
Mkt cap
$861M
US dollars, full cap
Free float
61%
of shares outstanding
$/day
$4.47M
20-day average traded
Fwd P/E
14.1×
forward earnings
ROIC−WACC
+34.0 pp
WACC 6.2%
Hurdle
-17 pp
Req g minus delivered
Next earnings
63 days
8 Jan 2027
Close · JPY¥1,220
1D-7.2%
1W-4.1%
1M+1.8%
3M+4.8%
6M+4.3%
YTD-8.2%
1Y+15.1%
ATR %2.9%
52w lowhigh16.8% off high

What NOMURA does

Employees: 2,154

NOMURA at a glance

Size NOMURA (9716.T) is a Japan Industrials company (Miscellaneous Commercial Services) with a market value of $861M, the 804th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,220 on 6 Nov 2026.

Performance Over six months the shares gained 4.3%, against -11.3% for the median peer and +1.8% for the Japan market (cap-weighted) — 7th highest of 21 in its peer set.

Growth Revenue fell 10.1% over the last twelve months (peer median +3.8%); the operating margin is 7.2% (peer median 10.4%).

Valuation It trades at 14.1× forward earnings against a peer median of 20.7× (6th cheapest of 17).

Price implies For today's price to make sense, revenue must grow about -8% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -17 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 34.0 points above its cost of capital (6.2% WACC).

Next results Next results expected around 8 Jan 2027 (exchange calendar; dates can move).

Relative performance

9010011011 May 202611 Aug 20266 Nov 20269716.T 106Peer median 89
Six months, rebased to 100: NOMURA against the median of its 20 peers (local-currency closes).

NOMURA financials

Reported figures in JPY; fiscal year ends 2026-02-28. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥155B¥163B¥150B¥134B¥111B
Revenue growth—+8%+12%+21%—
Gross profit¥31.2B¥32.8B¥27.4B¥22.3B¥18.4B
EBITDA¥12.0B¥13.9B¥10.1B¥6.46B¥4.23B
Net income¥8.10B¥9.13B¥6.76B¥3.86B¥2.23B
Free cash flown/a¥9.84B¥1.42B¥5.96B-¥3.74B
Capital expendituren/a¥1.21B¥489M¥373M¥573M
Total debt¥601M¥211M¥230M¥239M¥292M

Quarterly statements and history in the cockpit →

NOMURA competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-60%-40%-20%0%+20%-20%0%1319703008600009K0IPO688334300795TASK603373KAR301230CCL6034960026496885309715AXISCADES300492000561WAVEEWG9716.T6-month return →1-month return →
Up and to the right = strong over both horizons. NOMURA is the large dot.

Fundamentals: revenue growth against valuation

-40%-20%0%+20%0×50×100×131970300860IPO688334300795TASKKAR301230CCL6034960026499715WAVE9716.TRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. NOMURA is the large dot.

Capital: growth delivered against growth the price implies

0%+200%+400%+600%0%200%400%600%1319703008600009K06883346034963004929716.TGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. NOMURA is the large dot.

NOMURA competitors and peer comparison

How NOMURA compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

NOMURA against its 20 peers (data as of 6 Nov 2026)
Measure9716.TPeer medianRank in peer set
1-month return+1.8%-4.2%8th highest of 21
6-month return+4.3%-11.3%7th highest of 21
Distance from 52-week high-16.8%-38.1%4th highest of 21
Revenue growth (TTM)-10.1%+3.8%3rd lowest of 21
Operating margin7.2%10.4%9th lowest of 21
Forward P/E14.1×20.7×6th cheapest of 17
Growth the price implies (Req g, 7 yrs)-8.4%7.5%2nd least demanding of 15
Growth delivered (Del g)+8.6%+18.0%4th lowest of 15
Hurdle (Req g minus delivered)-17.0 pp-16.6 pp8th least demanding of 15
ROIC minus cost of capital+34.0 pp+1.1 pphighest of 19
EV / EBITDA7.8×8.0×5th cheapest of 10
Net debt / EBITDA-3.5×0.8×3rd least indebted of 11

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
NOMURA 9716.TJapan$861M+4%-10%7%14.1×-8.4%+8.6%
DOOSAN TESNA 131970.KSSouth Korea$861M-53%+3%11%36.9×17.8%+18.1%
Funshine Culture 300860.SZChina$858M+21%-49%-35%28.1×27.8%-24.6%
Aimed Bio 0009K0.KSSouth Korea$875M-61%+223%36%n/a13.2%+652.2%
IP Group plc IPO.LUnited Kingdom$879M+13%-37%51%11.9×n/an/a
Xi'an High Voltage Apparatus Research Institute 688334.SSChina$889M-10%+4%29%21.3×-2.4%+20.3%
Zhejiang Meorient Commerce & Exhibition 300795.SZChina$890M-1%-3%18%29.6×n/an/a
TaskUs TASKUnited States$833M+41%+11%12%6.5×0.5%+19.9%
Anbang Save-Guard 603373.SSChina$830M+30%-1%14%41.5×6.7%+5.6%
Karnov KAR.STSweden$828M+16%-4%20%20.2×4.1%+27.9%
PharmaResources (Shanghai) 301230.SZChina$822M-4%+9%0%90.5×42.7%+19.5%
Cuscal CCL.AXAustralia$815M+26%+19%12%19.6×n/an/a
Embedway Technologies (Shanghai) 603496.SSChina$910M-37%+4%1%137.0×54.3%+14.5%
Beyondsoft 002649.SZChina$813M-12%-6%2%25.5×8.3%+9.2%
Omat Advanced Materials (Guangdong) 688530.SSChina$809M-16%+82%9%n/an/an/a
transcosmos 9715.TJapan$802M-12%+6%4%9.6×-18.5%+3.2%
AXISCADES Technologies AXISCADES.NSIndia$802M-17%+5%10%7.8×n/an/a
Huatu Cendes 300492.SZChina$800M-44%-8%-2%n/a17.6%+91.2%
Shaanxi Fenghuo Electronics 000561.SZChina$929M-24%+8%-26%n/an/an/a
Wavestone WAVE.PAFrance$931M-22%+1%12%10.0×-5.3%+18.0%
W.A.G. Payment Solutions EWG.LUnited Kingdom$935M-4%+16%3%17.5×-1.7%+12.2%

Questions

Which companies are NOMURA's closest peers?
The cockpit's peer set: DOOSAN TESNA (131970.KS), Funshine Culture (300860.SZ), Aimed Bio (0009K0.KS), IP Group plc (IPO.L), Xi'an High Voltage Apparatus Research Institute (688334.SS), Zhejiang Meorient Commerce & Exhibition (300795.SZ), TaskUs (TASK), Anbang Save-Guard (603373.SS).
Is NOMURA expensive compared with its peers?
On forward p/e it trades at 14.1× against a peer median of 20.7×, 6th cheapest of 17 in its peer set. For today's price to make sense, revenue must grow about -8% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -17 pp: the price already allows for a slowdown.
How has NOMURA stock performed?
Over six months to 6 Nov 2026 the shares returned +4.3% against -11.3% for the median peer; over one year +15.1%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.