Nomura Research Institute (STU:NR7) Cyclically Adjusted Revenue per Share: €5.96 (As of Jun. 2026)

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STU:NR7 Nomura Research Institute Ltd STU:NR7
87 GF Score
Price €27.60
GF Value €28.09
Valuation Fairly Valued
! 3 Warning Signs
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What is Nomura Research Institute Cyclically Adjusted Revenue per Share?

Nomura Research Institute STU:NR7 +1.47% 87 Cyclically Adjusted Revenue per Share is €5.96 as of Jun. 2026. GuruFocus rates STU:NR7 with a GF Score™ of 87/100 and a GF Value™ of €28.09 (Fairly Valued). The stock has 3 warning signs investors should review.

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 Research Institute's adjusted revenue per share for the three months ended in Jun. 2026 was €2.000. 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 €5.96 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Nomura Research Institute's average Cyclically Adjusted Revenue Growth Rate was 9.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 11.00% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 11.40% 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 Research Institute was 12.00% per year. The lowest was 5.00% per year. And the median was 9.90% per year.

As of today (2026-08-16), Nomura Research Institute's current stock price is €27.60. Nomura Research Institute's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €5.96. Nomura Research Institute's Cyclically Adjusted PS Ratio of today is 4.63.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Nomura Research Institute was 7.54. The lowest was 2.46. And the median was 4.72.


Nomura Research Institute  (STU:NR7) 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 Research Institute's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=27.60/5.96
=4.63

* 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 Research Institute was 7.54. The lowest was 2.46. And the median was 4.72.


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 Research Institute Cyclically Adjusted Revenue per Share Related Terms


Nomura Research Institute Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Nomura Research Institute'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.

Nomura Research Institute Cyclically Adjusted Revenue per Share Chart

Nomura Research Institute Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.07 5.39 5.35 6.05 5.90

Nomura Research Institute Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 5.84 5.86 5.68 5.90 5.96

STU:NR7 vs IBM, ACN, FISV: Cyclically Adjusted Revenue per Share Comparison

For the Information Technology Services subindustry, Nomura Research Institute'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 Research Institute Cyclically Adjusted PS Ratio vs Software Industry

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

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


STU:NR7
87GF Score
Nomura Research Institute Ltd STU:NR7
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nomura Research Institute 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 Research Institute's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=2/113.6000*113.6000
=2.000

Current CPI (Jun. 2026) = 113.6000.

Nomura Research Institute Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.210 98.000 1.403
201612 1.157 98.400 1.336
201703 1.288 98.100 1.492
201706 1.146 98.500 1.322
201709 1.181 98.800 1.358
201712 1.268 99.400 1.449
201803 1.387 99.200 1.588
201806 1.278 99.200 1.464
201809 1.323 99.900 1.504
201812 1.411 99.700 1.608
201903 1.519 99.700 1.731
201906 1.525 99.800 1.736
201909 1.681 100.100 1.908
201912 1.818 100.500 2.055
202003 1.943 100.300 2.201
202006 1.810 99.900 2.058
202009 1.812 99.900 2.060
202012 1.822 99.300 2.084
202103 1.875 99.900 2.132
202106 1.779 99.500 2.031
202109 1.950 100.100 2.213
202112 2.055 100.100 2.332
202203 2.122 101.100 2.384
202206 2.003 101.800 2.235
202209 2.043 103.100 2.251
202212 2.090 104.100 2.281
202303 2.071 104.400 2.254
202306 1.953 105.200 2.109
202309 2.009 106.200 2.149
202312 2.076 106.800 2.208
202403 1.988 107.200 2.107
202406 1.923 108.200 2.019
202409 2.069 108.900 2.158
202412 2.072 110.700 2.126
202503 2.128 111.100 2.176
202506 2.053 111.700 2.088
202509 2.025 112.000 2.054
202512 1.962 113.000 1.972
202603 2.020 112.700 2.036
202606 2.000 113.600 2.000

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

What does a Cyclically Adjusted Revenue per Share of €5.96 mean?
Nomura Research Institute (STU:NR7) has a Cyclically Adjusted Revenue per Share of €5.96 as of Jun. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Nomura Research Institute and its competitors.
Is Nomura Research Institute's Cyclically Adjusted Revenue per Share too high?
Nomura Research Institute's current Cyclically Adjusted Revenue per Share is €5.96. Overall, Nomura Research Institute has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nomura Research Institute's Cyclically Adjusted Revenue per Share compare to IBM and ACN?
Nomura Research Institute's Cyclically Adjusted Revenue per Share of €5.96 can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Software company?
A good Cyclically Adjusted Revenue per Share depends on the Software industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Nomura Research Institute and its competitors. Nomura Research Institute's current Cyclically Adjusted Revenue per Share is €5.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nomura Research Institute stock overvalued right now?
Based on GuruFocus' analysis, Nomura Research Institute (STU:NR7) is currently considered Fairly Valued. The stock's GF Value™ is €28.09, compared to a current price of €27.60 — trading 1.7% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is €5.96. Nomura Research Institute's overall GF Score™ is 87/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Nomura Research Institute (STU:NR7), the current Cyclically Adjusted Revenue per Share is €5.96 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Nomura Research Institute (STU:NR7) Overvalued in 2026?

Based on GuruFocus' analysis, Nomura Research Institute stock appears to be undervalued. The current stock price of €27.60 is trading 1.7% below its estimated GF Value™ of €28.09. GuruFocus considers Nomura Research Institute to be Fairly Valued.

Key valuation signals for STU:NR7:

  • Cyclically Adjusted Revenue per Share: €5.96
  • GF Value™: €28.09 vs. price of €27.60 (1.7% below fair value)
  • GF Score™: 87/100 with 3 warning signs

No single metric tells the full story. See the STU:NR7 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nomura Research Institute Business Description

Address 1-9-2 Otemachi, Otemachi Financial City Grand Cube, Chiyoda-ku, Tokyo, JPN, 100-0004
Nomura Research Institute was formed in 1988 through the merger of the original Nomura Research Institute and Nomura Computer Systems. Its core financial IT solutions segment acts as a de facto utility for Japan's capital markets, running shared back-office platforms for major brokerages and banks. The industrial IT solutions segment builds supply chain and enterprise resource planning systems for retailers and manufacturers. These are supported by IT platform services and a consulting business that originates digital transformation projects. The company reported fiscal 2025 revenue of JPY 814.7 billion. Nomura Holdings, the parent of Nomura Securities, remains NRI's largest shareholder with a 20% stake.
87GF Score

Get the complete analysis for STU:NR7

Cyclically Adjusted Revenue per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€27.60
Price
€28.09
GF Value