Nomura Research InstituteNURAF 88 Days Payable is 52.84 as of Mar. 2026, which is 35% above its 10-year median of 39.09. GuruFocus rates NURAF with a GF Score™ of 88/100 and a GF Value™ of $30.67 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,600 Software companies, Nomura Research Institute ranks worse than 52.23% on this metric.
* 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.
For the Information Technology Services subindustry, Nomura Research Institute's Days Payable, along with its competitors' market caps and Days Payable 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 Days Payable vs Software Industry
For the Software industry and Technology sector, Nomura Research Institute's Days Payable distribution charts can be found below:
* The bar in red indicates where Nomura Research Institute's Days Payable falls into.
Nomura Research Institute Days Payable Calculation
Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.
Nomura Research Institute's Days Payable for the fiscal year that ended in Mar. 2026 is calculated as
* 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 (NURAF) has a Days Payable of 52.84 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Nomura Research Institute and its competitors. This is 35% above median its historical median of 39.09. Over the past decade, Nomura Research Institute's Days Payable has ranged from 25.47 to 57.19. According to the industry distribution chart, Nomura Research Institute ranks #1358 out of 2600 companies in the Software industry, placing it in the top 52.2%.
Is Nomura Research Institute's Days Payable too high?
Nomura Research Institute's current Days Payable of 52.84 is 35% above median its 10-year median of 39.09. Over the past 10 years, this metric has ranged from a low of 25.47 to a high of 57.19. The Software industry median Days Payable is 54.03. Nomura Research Institute's value of 52.84 is 2.2% below this industry median. Based on the distribution chart, Nomura Research Institute ranks #1358 out of 2600 companies in the Software industry, which is below the industry midpoint. Overall, Nomura Research Institute has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nomura Research Institute's Days Payable compare to IBM and ACN?
According to the Software industry distribution chart, Nomura Research Institute ranks #1358 out of 2600 companies for Days Payable. This places Nomura Research Institute in the lower half of its industry. The industry median Days Payable is 54.03. Nomura Research Institute's value of 52.84 is 2.2% below this benchmark. Historically, Nomura Research Institute's own Days Payable has ranged from 25.47 to 57.19 over the past decade. While the company's 10-year median is 39.09 vs. the industry median of 54.03, Nomura Research Institute has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Software company?
The median Days Payable among Software companies is 54.03, based on 2,600 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nomura Research Institute's current Days Payable of 52.84 is 2.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Nomura Research Institute and its competitors. For the Software industry, the median Days Payable is 54.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nomura Research Institute's current Days Payable is 52.84, which is 35% above median its own 10-year median of 39.09. 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 (NURAF) is currently considered Modestly Undervalued. The stock's GF Value™ is $30.67, compared to a current price of $25.65 — trading 16.4% below its estimated fair value. The current Days Payable is 52.84, which is 35% above median its 10-year median of 39.09 and 2.2% below the Software industry median of 54.03. Nomura Research Institute's overall GF Score™ is 88/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Nomura Research Institute (NURAF), the current Days Payable is 52.84 as of Mar. 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 (NURAF) Overvalued in 2026?
Based on GuruFocus' analysis, Nomura Research Institute stock appears to be undervalued.
The current stock price of $25.65 is trading 16.4% below its estimated GF Value™ of $30.67.
GuruFocus considers Nomura Research Institute to be Modestly Undervalued.
Key valuation signals for NURAF:
Days Payable: 52.84 (35% above median its 10-year median of 39.09)
GF Value™: $30.67 vs. price of $25.65 (16.4% below fair value)
Industry Position: 2.2% below the Software median (#1358 of 2600)
No single metric tells the full story. See the NURAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
88GF Score
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