Nomura Research Institute, Ltd.

OTCPK:NURA.F Stock Report

Market Cap: US$22.1b

Nomura Research Institute Valuation

Is NURA.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NURA.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
US$22.30
Fair Value
69.1% overvalued intrinsic discount
11
Number of Analysts

Below Fair Value: NURA.F ($37.71) is trading above our estimate of fair value ($22.3)

Significantly Below Fair Value: NURA.F is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NURA.F?

Key metric: As NURA.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for NURA.F. This is calculated by dividing NURA.F's market cap by their current earnings.
What is NURA.F's PE Ratio?
PE Ratio34x
EarningsJP¥93.76b
Market CapJP¥3.19t

Price to Earnings Ratio vs Peers

How does NURA.F's PE Ratio compare to its peers?

The above table shows the PE ratio for NURA.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.3x
IT Gartner
24.5x-6.28%US$30.8b
CTSH Cognizant Technology Solutions
16.8x6.28%US$39.9b
DOX Amdocs
18.9x7.33%US$10.3b
EPAM EPAM Systems
24.8x11.46%US$10.4b
NURA.F Nomura Research Institute
34.2x8.01%US$3.2t

Price-To-Earnings vs Peers: NURA.F is expensive based on its Price-To-Earnings Ratio (34.2x) compared to the peer average (21.3x).

Price to Earnings Ratio vs Industry

How does NURA.F's PE Ratio compare vs other companies in the US IT Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MLGO MicroAlgo
2.7xn/aUS$16.50m
MITI Mitesco
3.6xn/aUS$3.82m
GTCH GBT Technologies
0.1xn/aUS$1.85m
GMTH GMTech
3.6xn/aUS$1.13m
NURA.F 34.0xIndustry Avg. 29.5xNo. of Companies5PE020406080100+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NURA.F is expensive based on its Price-To-Earnings Ratio (34.2x) compared to the US IT industry average (29.5x).

Price to Earnings Ratio vs Fair Ratio

What is NURA.F's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NURA.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio34x
Fair PE Ratio36.1x

Price-To-Earnings vs Fair Ratio: NURA.F is good value based on its Price-To-Earnings Ratio (34.2x) compared to the estimated Fair Price-To-Earnings Ratio (36.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NURA.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$37.71
US$40.03
+6.14%
8.43%US$47.30US$34.08n/a11
Jul ’26US$39.82
US$40.03
+0.52%
8.43%US$47.30US$34.08n/a11
Jun ’26US$38.91
US$39.68
+1.98%
9.10%US$47.26US$34.06n/a11
May ’26US$37.70
US$36.25
-3.86%
8.34%US$41.23US$30.23n/a12
Apr ’26US$34.01
US$34.81
+2.34%
9.33%US$40.10US$29.41n/a13
Mar ’26US$33.25
US$34.40
+3.47%
9.23%US$40.08US$29.39n/a12
Feb ’26US$33.92
US$31.79
-6.27%
6.67%US$35.46US$28.37n/a13
Jan ’26US$29.15
US$31.29
+7.36%
6.68%US$34.83US$27.86n/a12
Dec ’25US$30.82
US$32.06
+4.02%
6.68%US$35.68US$28.54n/a12
Nov ’25US$29.90
US$32.45
+8.54%
8.13%US$35.88US$28.70n/a12
Oct ’25US$36.25
US$34.40
-5.10%
6.75%US$37.93US$30.90n/a13
Sep ’25US$34.00
US$33.27
-2.16%
8.01%US$37.26US$27.60n/a13
Aug ’25US$32.55
US$31.73
-2.53%
7.13%US$35.39US$26.71n/a13
Jul ’25US$28.20
US$29.78
+5.61%
7.94%US$32.47US$24.51US$39.8213
Jun ’25US$26.55
US$30.17
+13.62%
7.60%US$32.51US$24.54US$38.9112
May ’25US$24.90
US$29.96
+20.31%
6.86%US$32.34US$24.41US$37.7013
Apr ’25US$27.80
US$31.06
+11.74%
7.82%US$33.85US$25.22US$34.0112
Mar ’25US$28.20
US$31.06
+10.16%
7.82%US$33.85US$25.22US$33.2512
Feb ’25US$29.02
US$31.35
+8.04%
8.00%US$34.65US$25.82US$33.9212
Jan ’25US$29.10
US$30.80
+5.83%
6.72%US$33.68US$26.12US$29.1512
Dec ’24US$28.10
US$29.72
+5.75%
8.85%US$33.05US$23.61US$30.8213
Nov ’24US$27.25
US$29.07
+6.69%
8.35%US$32.48US$23.20US$29.9014
Oct ’24US$26.10
US$29.96
+14.78%
8.42%US$33.14US$23.67US$36.2514
Sep ’24US$28.70
US$29.45
+2.62%
8.42%US$32.11US$23.91US$34.0015
Aug ’24US$28.70
US$30.09
+4.85%
11.66%US$33.80US$20.13US$32.5516
Jul ’24US$27.70
US$28.39
+2.49%
10.98%US$33.13US$19.74US$28.2016
AnalystConsensusTarget
Consensus Narrative from 11 Analysts
US$38.76
Fair Value
2.7% undervalued intrinsic discount
11
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/07/07 21:24
End of Day Share Price 2025/07/03 00:00
Earnings2025/03/31
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Nomura Research Institute, Ltd. is covered by 25 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Yuki KanekoBofA Global Research
Hideo NodaCLSA
null nullCLSA