GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Nomura Holdings Inc (HAM:NSE) » Definitions » Shiller PE Ratio

Nomura Holdings (HAM:NSE) Shiller PE Ratio : 17.13 (As of May. 15, 2024)


View and export this data going back to 1994. Start your Free Trial

What is Nomura Holdings Shiller PE Ratio?

As of today (2024-05-15), Nomura Holdings's current share price is €5.14. Nomura Holdings's E10 for the quarter that ended in Mar. 2024 was €0.30. Nomura Holdings's Shiller PE Ratio for today is 17.13.

The historical rank and industry rank for Nomura Holdings's Shiller PE Ratio or its related term are showing as below:

HAM:NSE' s Shiller PE Ratio Range Over the Past 10 Years
Min: 9.14   Med: 12.84   Max: 702.64
Current: 17.29

During the past years, Nomura Holdings's highest Shiller PE Ratio was 702.64. The lowest was 9.14. And the median was 12.84.

HAM:NSE's Shiller PE Ratio is ranked better than
55.72% of 472 companies
in the Capital Markets industry
Industry Median: 19.875 vs HAM:NSE: 17.29

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.

Nomura Holdings's adjusted earnings per share data for the three months ended in Mar. 2024 was €0.111. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is €0.30 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nomura Holdings Shiller PE Ratio Historical Data

The historical data trend for Nomura Holdings's Shiller PE Ratio 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 Shiller PE Ratio Chart

Nomura Holdings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.25 13.07 10.46 10.05 19.06

Nomura Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Shiller PE Ratio 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 10.05 10.96 11.88 12.53 19.06

Competitive Comparison of Nomura Holdings's Shiller PE Ratio

For the Capital Markets subindustry, Nomura Holdings's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio Distribution in the Capital Markets Industry

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

* The bar in red indicates where Nomura Holdings's Shiller PE Ratio falls into.



Nomura Holdings Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Nomura Holdings's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=5.14/0.3
=17.13

* 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.

Nomura Holdings's E10 for the quarter that ended in Mar. 2024 is calculated as:

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

Adj_EPS=Earnings per Share (Diluted)/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.111/107.2000*107.2000
=0.111

Current CPI (Mar. 2024) = 107.2000.

Nomura Holdings Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201406 0.038 98.000 0.042
201409 0.102 98.500 0.111
201412 0.127 97.900 0.139
201503 0.169 97.900 0.185
201506 0.134 98.400 0.146
201509 0.094 98.500 0.102
201512 0.073 98.100 0.080
201603 -0.043 97.900 -0.047
201606 0.107 98.100 0.117
201609 0.146 98.000 0.160
201612 0.159 98.400 0.173
201703 0.140 98.100 0.153
201706 0.127 98.500 0.138
201709 0.109 98.800 0.118
201712 0.188 99.400 0.203
201803 0.052 99.200 0.056
201806 0.012 99.200 0.013
201809 0.315 99.900 0.338
201812 -0.223 99.700 -0.240
201903 0.001 99.700 0.001
201906 0.135 99.800 0.145
201909 0.348 100.100 0.373
201912 0.145 100.500 0.155
202003 -0.095 100.300 -0.102
202006 0.377 99.900 0.405
202009 0.173 99.900 0.186
202012 0.247 99.300 0.267
202103 -0.392 99.900 -0.421
202106 0.118 99.500 0.127
202109 0.008 100.100 0.009
202112 0.148 100.100 0.158
202203 0.076 101.100 0.081
202206 0.004 101.800 0.004
202209 0.038 103.100 0.040
202212 0.151 104.100 0.155
202303 0.016 104.400 0.016
202306 0.048 105.200 0.049
202309 0.071 106.200 0.072
202312 0.103 106.800 0.103
202403 0.111 107.200 0.111

Add all the adjusted EPS together and divide 10 will get our E10.

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.


Nomura Holdings  (HAM:NSE) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Nomura Holdings Shiller PE Ratio Related Terms

Thank you for viewing the detailed overview of Nomura Holdings's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Nomura Holdings (HAM:NSE) Business Description

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.

Nomura Holdings (HAM:NSE) Headlines

No Headlines