Nomura Research Institute (STU:NR7) Debt-to-EBITDA : (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STU:NR7 Nomura Research Institute Ltd STU:NR7
82 GF Score
Price €28.40
GF Value €28.23
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Nomura Research Institute Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Nomura Research Institute's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €117 Mil. Nomura Research Institute's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €1,146 Mil. Nomura Research Institute's annualized EBITDA for the quarter that ended in Jun. 2026 was €1,220 Mil. Nomura Research Institute's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 1.04.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Nomura Research Institute's Debt-to-EBITDA or its related term are showing as below:

STU:NR7' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.61   Med: 1.39   Max: 2.06
Current: 1.95

During the past 13 years, the highest Debt-to-EBITDA Ratio of Nomura Research Institute was 2.06. The lowest was 0.61. And the median was 1.39.

STU:NR7's Debt-to-EBITDA is ranked worse than
64.97% of 1727 companies
in the Software industry
Industry Median: 0.99 vs STU:NR7: 1.95

Nomura Research Institute  (STU:NR7) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

Nomura Research Institute Debt-to-EBITDA Related Terms

Nomura Research Institute Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Nomura Research Institute's Debt-to-EBITDA 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 Debt-to-EBITDA Chart

Nomura Research Institute Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

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
Debt-to-EBITDA 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 - - - - -

STU:NR7 vs IBM, ACN, CTSH: Debt-to-EBITDA Comparison

For the Information Technology Services subindustry, Nomura Research Institute's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA vs Software Industry

For the Software industry and Technology sector, Nomura Research Institute's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Nomura Research Institute's Debt-to-EBITDA falls into.


STU:NR7
82GF Score
Nomura Research Institute Ltd STU:NR7
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nomura Research Institute Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Nomura Research Institute's Debt-to-EBITDA for the fiscal year that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(125.55134108788 + 1162.6292041628) / 650.69445009946
=1.98

Nomura Research Institute's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(116.59994903798 + 1145.8988345293) / 1219.6974477595
=1.04

* 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.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Jun. 2026) EBITDA data.

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

Based on GuruFocus' analysis, Nomura Research Institute stock appears to be overvalued. The current stock price of €28.40 is trading 0.6% above its estimated GF Value™ of €28.23. GuruFocus considers Nomura Research Institute to be Fairly Valued.

Key valuation signals for STU:NR7:

  • Debt-to-EBITDA:
  • GF Value™: €28.23 vs. price of €28.40 (0.6% above fair value)
  • GF Score™: 82/100 with 4 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.
82GF Score

Get the complete analysis for STU:NR7

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€28.40
Price
€28.23
GF Value