Company Valuation: Nomura Holdings, Inc.

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 17,78,673 15,54,416 15,30,541 29,30,878 26,84,377 27,34,066 - -
Change - -12.61% -1.54% 91.49% -8.41% 1.85% - -
Enterprise Value (EV) 1 17,78,673 15,54,416 15,30,541 29,30,878 1,80,23,067 1,14,52,809 1,16,00,317 27,34,066
Change - -12.61% -1.54% 91.49% 514.94% -36.45% 1.29% -76.43%
P/E ratio 11.6x 11x 16.5x 17.8x 7.88x 8.57x 8.8x 8.59x
PBR 0.66x 0.53x 0.49x 0.87x 0.77x 0.75x 0.71x 0.67x
PEG - -1.61x -0.5x 0.2x 0x -1.35x -3.47x 3.53x
Capitalization / Revenue 1.1x 1.14x 1.15x 0.7x 1.42x 1.49x 1.5x 1.45x
EV / Revenue 1.1x 1.14x 1.15x 0.7x 9.52x 6.22x 6.35x 1.45x
EV / EBITDA - - - - - - - -
EV / EBIT 7.71x 6.86x 10.2x 10.7x 38.2x 24.4x 25x 5.62x
EV / FCF 27,06,795x -17,83,401x -21,71,371x 2,44,92,970x -2,60,31,165x - - -
FCF Yield 0% -0% -0% 0% -0% - - -
Dividend per Share 2 35 22 17 23 57 44.45 43.21 43.6
Rate of return 6.02% 4.27% 3.34% 2.35% 6.28% 4.8% 4.67% 4.71%
EPS 2 50.11 46.68 30.86 54.97 115.3 108 105.3 107.8
Distribution rate 69.8% 47.1% 55.1% 41.8% 49.4% 41.2% 41.1% 40.4%
Net sales 1 16,17,235 13,63,890 13,35,577 41,57,294 18,92,500 18,40,362 18,27,099 18,83,607
EBITDA - - - - - - - -
EBIT 1 2,30,671 2,26,623 1,49,474 2,73,850 4,71,964 4,68,649 4,63,893 4,86,394
Net income 1 1,53,116 1,42,996 92,786 1,65,863 3,40,700 3,06,913 2,98,635 3,08,803
Net Debt 1 - - - - 1,53,38,690 87,18,743 88,66,251 -
Reference price 2 581.40 515.20 509.70 977.60 908.20 925.90 925.90 925.90
Nbr of stocks (in thousands) 30,59,293 30,17,111 30,02,827 29,98,034 29,55,712 29,52,874 - -
Announcement Date 27/04/21 26/04/22 26/04/23 26/04/24 25/04/25 - - -
1JPY in Million2JPY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.57x6.22x - 4.8% 1.86TCr
15.63x6.88x - 2.92% 22TCr
15.03x10.12x - 1.98% 21TCr
11.85x - - 2.6% 17TCr
21.73x - - 1.19% 17TCr
16.88x2.83x - 2.15% 5.63TCr
15.47x1.56x7.6x1.28% 3.15TCr
24.26x2.1x13.13x0.34% 2.95TCr
9.06x - - 3.59% 2.43TCr
11.25x6.1x - 2.77% 2.18TCr
Average 14.97x 5.12x 10.37x 2.36% 9.45TCr
Weighted average by Cap. 15.84x 7.06x 10.27x 2.22%
See all sector valuations

Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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