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Nomura Holdings (BUE:NMR) Cyclically Adjusted PS Ratio : 2.36 (As of Jun. 02, 2025)


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What is Nomura Holdings Cyclically Adjusted PS Ratio?

As of today (2025-06-02), Nomura Holdings's current share price is ARS7330.00. Nomura Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2024 was ARS3,099.79. Nomura Holdings's Cyclically Adjusted PS Ratio for today is 2.36.

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

BUE:NMR' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.91   Med: 1.48   Max: 2.48
Current: 2.1

During the past years, Nomura Holdings's highest Cyclically Adjusted PS Ratio was 2.48. The lowest was 0.91. And the median was 1.48.

BUE:NMR's Cyclically Adjusted PS Ratio is ranked better than
64.86% of 555 companies
in the Capital Markets industry
Industry Median: 3.66 vs BUE:NMR: 2.10

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 adjusted revenue per share data for the three months ended in Dec. 2024 was ARS981.433. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is ARS3,099.79 for the trailing ten years ended in Dec. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nomura Holdings Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Nomura Holdings's Cyclically Adjusted PS 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 Cyclically Adjusted PS Ratio Chart

Nomura Holdings Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.51 1.33 1.31 2.44 -

Nomura Holdings Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PS 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 2.44 2.27 1.80 2.20 -

Competitive Comparison of Nomura Holdings's Cyclically Adjusted PS Ratio

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.


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Nomura Holdings Cyclically Adjusted PS Ratio Calculation

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

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=7330.00/3099.79
=2.36

* 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 Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2024 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=981.433/110.7000*110.7000
=981.433

Current CPI (Dec. 2024) = 110.7000.

Nomura Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201503 6.454 97.900 7.298
201506 7.768 98.400 8.739
201509 6.454 98.500 7.253
201512 9.357 98.100 10.559
201603 7.624 97.900 8.621
201606 11.326 98.100 12.781
201609 12.961 98.000 14.641
201612 13.059 98.400 14.691
201703 10.985 98.100 12.396
201706 13.902 98.500 15.624
201709 14.391 98.800 16.124
201712 18.420 99.400 20.514
201803 13.725 99.200 15.316
201806 16.370 99.200 18.268
201809 34.964 99.900 38.744
201812 23.815 99.700 26.443
201903 27.234 99.700 30.239
201906 37.518 99.800 41.616
201909 55.383 100.100 61.248
201912 52.559 100.500 57.893
202003 38.874 100.300 42.905
202006 88.107 99.900 97.632
202009 76.350 99.900 84.604
202012 93.328 99.300 104.042
202103 38.172 99.900 42.299
202106 90.307 99.500 100.472
202109 81.358 100.100 89.973
202112 91.675 100.100 101.383
202203 90.796 101.100 99.418
202206 78.011 101.800 84.831
202209 90.844 103.100 97.541
202212 144.357 104.100 153.509
202303 118.241 104.400 125.376
202306 171.001 105.200 179.941
202309 251.110 106.200 261.750
202312 292.199 106.800 302.869
202403 646.341 107.200 667.444
202406 755.876 108.200 773.341
202409 951.740 108.900 967.471
202412 981.433 110.700 981.433

Add all the adjusted revenue per share together and divide 10 will get our 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.


Nomura Holdings  (BUE:NMR) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Nomura Holdings Cyclically Adjusted PS Ratio Related Terms

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


Nomura Holdings Business Description

Address
13-1, Nihonbashi 1-chome, Chuo-Ku, Tokyo, JPN, 103-8645
Nomura Holdings Inc is a financial services group in Japan and operates offices in countries and regions worldwide including Japan, the U.S., the U.K., Singapore, and the Hong Kong Special Administrative Region ("Hong Kong") through its subsidiaries. The company's clients include individuals, corporations, financial institutions, governments, and governmental agencies. The company's business consists of Wealth Management*, Investment Management, and Wholesale. The company generates the majority of its revenue from the wholesale segment. The Wholesale Division consists of two businesses, Global Markets, which is mainly engaged in the trading, sales, and structuring of financial products, and Investment Banking which is engaged in advisory, financing, and solutions businesses.