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Nomura Research Institute (FRA:NR7) Cyclically Adjusted PB Ratio : 8.24 (As of Jul. 06, 2025)


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What is Nomura Research Institute Cyclically Adjusted PB Ratio?

As of today (2025-07-06), Nomura Research Institute's current share price is €32.40. Nomura Research Institute's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €3.93. Nomura Research Institute's Cyclically Adjusted PB Ratio for today is 8.24.

The historical rank and industry rank for Nomura Research Institute's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:NR7' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.9   Med: 6.13   Max: 9.72
Current: 8.74

During the past years, Nomura Research Institute's highest Cyclically Adjusted PB Ratio was 9.72. The lowest was 2.90. And the median was 6.13.

FRA:NR7's Cyclically Adjusted PB Ratio is ranked worse than
84.96% of 1509 companies
in the Software industry
Industry Median: 2.72 vs FRA:NR7: 8.74

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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Nomura Research Institute's adjusted book value per share data for the three months ended in Mar. 2025 was €4.708. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €3.93 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nomura Research Institute Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Nomura Research Institute's Cyclically Adjusted PB 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 Research Institute Cyclically Adjusted PB Ratio Chart

Nomura Research Institute Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.77 7.62 5.40 7.05 7.58

Nomura Research Institute Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PB 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 7.05 - 8.58 7.38 7.58

Competitive Comparison of Nomura Research Institute's Cyclically Adjusted PB Ratio

For the Information Technology Services subindustry, Nomura Research Institute's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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 Research Institute's Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Nomura Research Institute's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Nomura Research Institute's Cyclically Adjusted PB Ratio falls into.


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Nomura Research Institute Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Nomura Research Institute's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=32.40/3.93
=8.24

* 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 Research Institute's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Nomura Research Institute's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=4.708/111.1000*111.1000
=4.708

Current CPI (Mar. 2025) = 111.1000.

Nomura Research Institute Quarterly Data

Book Value per Share CPI Adj_Book
201506 4.180 98.400 4.719
201509 4.832 98.500 5.450
201512 4.450 98.100 5.040
201603 4.376 97.900 4.966
201606 4.631 98.100 5.245
201609 4.960 98.000 5.623
201612 4.770 98.400 5.386
201703 4.846 98.100 5.488
201706 4.739 98.500 5.345
201709 4.335 98.800 4.875
201712 4.305 99.400 4.812
201803 4.501 99.200 5.041
201806 4.542 99.200 5.087
201809 4.587 99.900 5.101
201812 4.505 99.700 5.020
201903 4.396 99.700 4.899
201906 4.715 99.800 5.249
201909 3.621 100.100 4.019
201912 3.675 100.500 4.063
202003 3.516 100.300 3.895
202006 3.840 99.900 4.271
202009 3.975 99.900 4.421
202012 4.031 99.300 4.510
202103 4.232 99.900 4.706
202106 3.703 99.500 4.135
202109 3.933 100.100 4.365
202112 4.105 100.100 4.556
202203 4.408 101.100 4.844
202206 4.210 101.800 4.595
202209 4.451 103.100 4.796
202212 4.599 104.100 4.908
202303 4.712 104.400 5.014
202306 4.356 105.200 4.600
202309 4.204 106.200 4.398
202312 4.115 106.800 4.281
202403 4.258 107.200 4.413
202406 0.000 108.200 0.000
202409 4.471 108.900 4.561
202412 4.592 110.700 4.609
202503 4.708 111.100 4.708

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book 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.


Nomura Research Institute  (FRA:NR7) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Nomura Research Institute Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Nomura Research Institute's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Nomura Research Institute Business Description

Traded in Other Exchanges
Address
1-9-2 Otemachi, Otemachi Financial City Grand Cube, Chiyoda-ku, Tokyo, JPN, 100-0004
Nomura Research Institute Ltd provides Consulting, Financial IT solutions, Industrial IT solutions and IT platform services. Its consulting service includes management and systems consulting. Financial IT solutions consists of securities, banking and insurance business. Industrial IT solutions cover distribution and healthcare business and manufacturing and service industries. IT platform services include IT infrastructure, System management and advanced information technology solutions.

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