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Nomura Holdings (BUE:NMR) Cyclically Adjusted Revenue per Share : ARS2,911.75 (As of Mar. 2024)


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What is Nomura Holdings Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Nomura Holdings's adjusted revenue per share for the three months ended in Mar. 2024 was ARS728.165. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is ARS2,911.75 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Nomura Holdings's average Cyclically Adjusted Revenue Growth Rate was 3.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 1.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 1.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Nomura Holdings was 2.40% per year. The lowest was -4.20% per year. And the median was 1.10% per year.

As of today (2024-05-23), Nomura Holdings's current stock price is ARS7488.50. Nomura Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ARS2,911.75. Nomura Holdings's Cyclically Adjusted PS Ratio of today is 2.57.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Nomura Holdings was 2.48. The lowest was 0.91. And the median was 1.50.


Nomura Holdings Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Nomura Holdings's Cyclically Adjusted Revenue per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Nomura Holdings Cyclically Adjusted Revenue per Share Chart

Nomura Holdings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.87 15.25 617.62 1,155.56 2,911.75

Nomura Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,155.56 1,374.44 2,166.62 2,733.72 2,911.75

Competitive Comparison of Nomura Holdings's Cyclically Adjusted Revenue per Share

For the Capital Markets subindustry, Nomura Holdings's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Nomura Holdings's Cyclically Adjusted PS Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Nomura Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Nomura Holdings's Cyclically Adjusted PS Ratio falls into.



Nomura Holdings Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Nomura Holdings's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=728.165/107.2000*107.2000
=728.165

Current CPI (Mar. 2024) = 107.2000.

Nomura Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 7.243 98.000 7.923
201409 7.136 98.500 7.766
201412 7.491 97.900 8.203
201503 6.454 97.900 7.067
201506 7.768 98.400 8.463
201509 6.454 98.500 7.024
201512 9.357 98.100 10.225
201603 7.624 97.900 8.348
201606 11.326 98.100 12.377
201609 12.961 98.000 14.178
201612 13.059 98.400 14.227
201703 10.985 98.100 12.004
201706 13.902 98.500 15.130
201709 14.391 98.800 15.615
201712 18.420 99.400 19.865
201803 13.725 99.200 14.832
201806 16.370 99.200 17.690
201809 34.964 99.900 37.519
201812 23.815 99.700 25.606
201903 27.234 99.700 29.283
201906 37.518 99.800 40.300
201909 55.383 100.100 59.311
201912 52.559 100.500 56.063
202003 38.874 100.300 41.548
202006 88.107 99.900 94.545
202009 76.350 99.900 81.929
202012 93.328 99.300 100.753
202103 38.172 99.900 40.961
202106 90.307 99.500 97.296
202109 81.358 100.100 87.129
202112 91.675 100.100 98.177
202203 90.796 101.100 96.274
202206 78.011 101.800 82.149
202209 90.844 103.100 94.457
202212 144.357 104.100 148.656
202303 118.241 104.400 121.412
202306 171.422 105.200 174.681
202309 251.329 106.200 253.696
202312 292.374 106.800 293.469
202403 728.165 107.200 728.165

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Nomura Holdings  (BUE:NMR) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Nomura Holdings's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=7488.50/2911.75
=2.57

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Nomura Holdings was 2.48. The lowest was 0.91. And the median was 1.50.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Nomura Holdings Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Nomura Holdings's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Nomura Holdings (BUE:NMR) Business Description

Industry
Address
13-1, Nihonbashi 1-chome, Chuo-Ku, Tokyo, JPN, 103-8645
Nomura is Japan's largest broker, about twice the size of rival Daiwa Securities and roughly three times the size of the securities units of the three megabanks. It is also the largest asset-management company in Japan, with a similar size differential compared with its rivals. Despite its topnotch brand name in retail broking and asset management in Japan, Nomura has struggled to compete effectively in the institutional securities business against larger global rivals. In 2008, Nomura bought European and Asian assets of the failed Lehman Brothers, which led to a sharply higher cost base but did not provide commensurate revenue. Nomura has reduced the scale of these businesses but maintains its ambition to compete globally with the top players.