Valuation Nomura Research Institute, Ltd.

Equities

4307

JP3762800005

IT Services & Consulting

Market Closed - Japan Exchange Other stock markets 12:00:00 16/01/2026 pm IST			5-day change	1st Jan Change
5,997.00 ^JPY	-2.49%		-3.23%	-0.40%

14/01	BOJ puts self defense ahead of solidarity with Fed's Powell	RE
12/01	Japan sets sail on rare earth hunt as China tightens supplies	RE

Company Valuation: Nomura Research Institute, Ltd.

Data adjusted to current consolidation scope

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	20,53,376	23,67,803	18,10,008	24,43,193	27,64,970	34,38,165	-	-
Change	-	15.31%	-23.56%	34.98%	13.17%	24.35%	-	-
Enterprise Value (EV) ¹	20,19,851	25,02,608	19,18,495	25,67,796	28,67,396	35,06,309	34,70,601	33,73,810
Change	-	23.9%	-23.34%	33.84%	11.67%	22.28%	-1.02%	-2.79%
P/E ratio	30.1x	33.3x	23.8x	31x	29.6x	32.2x	28.3x	25.6x
PBR	5.85x	6.98x	4.55x	6.12x	6.37x	6.89x	6.07x	5.36x
PEG	-	5.62x	3.44x	5.01x	1.5x	2.3x	2.1x	2.4x
Capitalization / Revenue	3.73x	3.87x	2.61x	3.32x	3.62x	4.23x	3.99x	3.78x
EV / Revenue	3.67x	4.09x	2.77x	3.49x	3.75x	4.31x	4.03x	3.71x
EV / EBITDA	17.1x	16.9x	12.2x	15.2x	15.6x	16.9x	15.3x	13.8x
EV / EBIT	23.4x	23.6x	17.2x	21.3x	21.3x	22.7x	19.8x	17.5x
EV / FCF	45.1x	-77.2x	33.2x	28.9x	38.1x	38x	33x	28.1x
FCF Yield	2.22%	-1.3%	3.01%	3.46%	2.62%	2.63%	3.03%	3.56%
Dividend per Share ²	36	40	45	53	63	74.38	84.1	91.75
Rate of return	1.05%	1%	1.47%	1.25%	1.3%	1.24%	1.4%	1.53%
EPS ²	113.8	120.6	128.9	136.9	163.6	186.5	211.7	234.5
Distribution rate	31.6%	33.2%	34.9%	38.7%	38.5%	39.9%	39.7%	39.1%
Net sales ¹	5,50,490	6,11,634	6,92,165	7,36,556	7,64,813	8,13,625	8,61,092	9,09,340
EBITDA ¹	1,17,879	1,48,159	1,56,924	1,68,568	1,83,817	2,07,692	2,27,508	2,45,039
EBIT ¹	86,502	1,06,218	1,11,832	1,20,411	1,34,907	1,54,690	1,75,263	1,92,926
Net income ¹	68,120	71,445	76,307	79,643	93,762	1,06,607	1,21,162	1,33,703
Net Debt ¹	-33,525	1,34,805	1,08,487	1,24,603	1,02,426	68,145	32,437	-64,355
Reference price ²	3,425.00	4,020.00	3,065.00	4,243.00	4,836.00	5,997.00	5,997.00	5,997.00
Nbr of stocks (in thousands)	5,99,526	5,89,006	5,90,541	5,75,817	5,71,747	5,73,314	-	-
Announcement Date	27/04/21	27/04/22	27/04/23	25/04/24	24/04/25	-	-	-

¹JPY in Million²JPY

Estimates

P/E ratio, Detailed evolution

Sector Comparison:

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
NOMURA RESEARCH INSTITUTE, LTD.	32.15x	4.31x	16.88x	1.24%	2.18TCr
IBM	34.17x	4.9x	17.51x	2.19%	29TCr
ACCENTURE PLC	21.26x	2.3x	12.32x	2.28%	18TCr
TATA CONSULTANCY SERVICES LTD.	23.02x	4.24x	15.59x	3.81%	13TCr
AUTOMATIC DATA PROCESSING, INC.	23.83x	4.81x	16.48x	2.45%	11TCr
INFOSYS LIMITED	24.29x	3.66x	15.54x	2.91%	7.53TCr
RELX PLC	27.4x	6.54x	16.35x	2.15%	7.52TCr
SNOWFLAKE INC.	-53x	14.92x	109.49x	-.--%	7.2TCr
FUJITSU LIMITED	18.77x	2.2x	14.94x	0.66%	5.08TCr
HCL TECHNOLOGIES LIMITED	26.84x	3.34x	15.99x	3.38%	5.06TCr
Average	17.87x	5.12x	25.11x	2.11%	10.41TCr
Weighted average by Cap.	21.18x	4.87x	22.21x	2.29%