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Nomura Research InstituteNURAF -6.24%88 Debt-to-Equity is 0.63 as of Jun. 2026, which is 15% above its 10-year median of 0.55. GuruFocus rates NURAF with a GF Score™ of 88/100 and a GF Value™ of $32.56 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,249 Software companies, Nomura Research Institute ranks worse than 75.23% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Nomura Research Institute's Debt-to-Equity or its related term are showing as below:
NURAF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.55 Max: 0.88
Current: 0.63
During the past 13 years, the highest Debt-to-Equity Ratio of Nomura Research Institute was 0.88. The lowest was 0.13. And the median was 0.55.
NURAF's Debt-to-Equity is ranked worse than 75.23% of 2249
companies
in the Software industry
Industry Median: 0.2
vs NURAF: 0.63
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Nomura Research Institute Debt-to-Equity Related Terms
Nomura Research Institute Debt-to-Equity Historical Data
* 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.
NURAF vs IBM, ACN, FISV: Debt-to-Equity Comparison
For the Information Technology Services subindustry, Nomura Research Institute's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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-Equity vs Software Industry
For the Software industry and Technology sector, Nomura Research Institute's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Nomura Research Institute's Debt-to-Equity falls into.
* 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 Debt-to-Equity of 0.63 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Nomura Research Institute and its competitors. This is 15% above median its historical median of 0.55. Over the past decade, Nomura Research Institute's Debt-to-Equity has ranged from 0.13 to 0.88. According to the industry distribution chart, Nomura Research Institute ranks #1692 out of 2249 companies in the Software industry, placing it in the top 75.2%.
Is Nomura Research Institute's Debt-to-Equity too high?
Nomura Research Institute's current Debt-to-Equity of 0.63 is 15% above median its 10-year median of 0.55. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 0.88. The Software industry median Debt-to-Equity is 0.20. Nomura Research Institute's value of 0.63 is 215% above this industry median. Based on the distribution chart, Nomura Research Institute ranks #1692 out of 2249 companies in the Software industry, which is in the bottom quartile relative to peers. 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 Debt-to-Equity compare to IBM and ACN?
According to the Software industry distribution chart, Nomura Research Institute ranks #1692 out of 2249 companies for Debt-to-Equity. This places Nomura Research Institute in the lower half of its industry. The industry median Debt-to-Equity is 0.20. Nomura Research Institute's value of 0.63 is 215% above this benchmark. Historically, Nomura Research Institute's own Debt-to-Equity has ranged from 0.13 to 0.88 over the past decade. While the company's 10-year median is 0.55 vs. the industry median of 0.20, Nomura Research Institute has consistently been above 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 Debt-to-Equity for a Software company?
The median Debt-to-Equity among Software companies is 0.20, based on 2,249 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nomura Research Institute's current Debt-to-Equity of 0.63 is 215% above 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Nomura Research Institute and its competitors. For the Software industry, the median Debt-to-Equity is 0.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nomura Research Institute's current Debt-to-Equity is 0.63, which is 15% above median its own 10-year median of 0.55. 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 $32.56, compared to a current price of $29.30 — trading 10% below its estimated fair value. The current Debt-to-Equity is 0.63, which is 15% above median its 10-year median of 0.55 and 215% above the Software industry median of 0.20. 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 Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Nomura Research Institute (NURAF), the current Debt-to-Equity is 0.63 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 (NURAF) Overvalued in 2026?
Based on GuruFocus' analysis, Nomura Research Institute stock appears to be undervalued.
The current stock price of $29.30 is trading 10% below its estimated GF Value™ of $32.56.
GuruFocus considers Nomura Research Institute to be Modestly Undervalued.
Key valuation signals for NURAF:
Debt-to-Equity: 0.63 (15% above median its 10-year median of 0.55)
GF Value™: $32.56 vs. price of $29.30 (10% below fair value)
Industry Position: 215% above the Software median (#1692 of 2249)
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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