Nomura Real Estate Holdings (TSE:3231) EBIT: 円128,334 Mil (TTM As of Mar. 2026)


TSE:3231 Nomura Real Estate Holdings Inc TSE:3231
79 GF Score
Price 円926.00
GF Value 円1,084.03
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Nomura Real Estate Holdings EBIT?

Nomura Real Estate Holdings TSE:3231 +1.39% 79 EBIT is 円128,334 Mil as of Mar. 2026. GuruFocus rates TSE:3231 with a GF Score™ of 79/100 and a GF Value™ of 円1,084.03 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Nomura Real Estate Holdings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was 円65,281 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was 円128,334 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Nomura Real Estate Holdings's annualized ROC % for the quarter that ended in Mar. 2026 was 6.05%. Nomura Real Estate Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 12.36%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Nomura Real Estate Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.78%.

Nomura Real Estate Holdings  (TSE:3231) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Nomura Real Estate Holdings's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=231684 * ( 1 - 32.66% )/( (2626420 + 2533847)/ 2 )
=156016.0056/2580133.5
=6.05 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2840953 - 63990 - ( 150543 - max(0, 566326 - 1547085+150543))
=2626420

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2811989 - 108309 - ( 169833 - max(0, 457202 - 1647512+169833))
=2533847

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Nomura Real Estate Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=261124/( ( (945480 + max(1225395, 0)) + (814197 + max(1239109, 0)) )/ 2 )
=261124/( ( 2170875 + 2053306 )/ 2 )
=261124/2112090.5
=12.36 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(24452 + 1227488 + 144602) - (63990 + 0 + 107157)
=1225395

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(38199 + 1311108 + 128372) - (108309 + 0 + 130261)
=1239109

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Nomura Real Estate Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=128334/2221939.818
=5.78 %

* 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 Real Estate Holdings EBIT Related Terms

Nomura Real Estate Holdings EBIT Historical Data

* Premium members only.

The historical data trend for Nomura Real Estate Holdings's EBIT 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 Real Estate Holdings EBIT Chart

Nomura Real Estate Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 89,877.00 98,309.00 110,746.00 120,140.00 128,334.00

Nomura Real Estate Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT 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 21,214.00 37,384.00 15,093.00 10,576.00 65,281.00

TSE:3231 vs CBRE, BEKE: EBIT Comparison

For the Real Estate Services subindustry, Nomura Real Estate Holdings's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 Real Estate Holdings EV-to-EBIT vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Nomura Real Estate Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Nomura Real Estate Holdings's EV-to-EBIT falls into.


TSE:3231
79GF Score
Nomura Real Estate Holdings Inc TSE:3231
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Nomura Real Estate Holdings EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円128,334 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of 円128,334 Mil mean?
Nomura Real Estate Holdings (TSE:3231) has a EBIT of 円128,334 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Nomura Real Estate Holdings.
Is Nomura Real Estate Holdings' EBIT too high?
Nomura Real Estate Holdings' current EBIT is 円128,334 Mil. Overall, Nomura Real Estate Holdings has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nomura Real Estate Holdings' EBIT compare to CBRE and BEKE?
Nomura Real Estate Holdings' EBIT of 円128,334 Mil can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Real Estate company?
A good EBIT depends on the Real Estate industry context. However, EBIT 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 EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Nomura Real Estate Holdings. Nomura Real Estate Holdings's current EBIT is 円128,334 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nomura Real Estate Holdings stock overvalued right now?
Based on GuruFocus' analysis, Nomura Real Estate Holdings (TSE:3231) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,084.03, compared to a current price of 円926.00 — trading 14.6% below its estimated fair value. The current EBIT is 円128,334 Mil. Nomura Real Estate Holdings' overall GF Score™ is 79/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Nomura Real Estate Holdings (TSE:3231), the current EBIT is 円128,334 Mil 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 Real Estate Holdings (TSE:3231) Overvalued in 2026?

Based on GuruFocus' analysis, Nomura Real Estate Holdings stock appears to be undervalued. The current stock price of 円926.00 is trading 14.6% below its estimated GF Value™ of 円1,084.03. GuruFocus considers Nomura Real Estate Holdings to be Modestly Undervalued.

Key valuation signals for TSE:3231:

  • EBIT: 円128,334 Mil
  • GF Value™: 円1,084.03 vs. price of 円926.00 (14.6% below fair value)
  • GF Score™: 79/100 with 3 warning signs

No single metric tells the full story. See the TSE:3231 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nomura Real Estate Holdings Business Description

Other Exchanges NMEHF:USA
Address 2-26 Nishi-Shinjuku 1-chome, Shinjuku Nomura Building, Shinjuku-ku, Tokyo, JPN, 163-0566
Nomura Real Estate Holdings Inc comprises Nomura Real Estate Development and other group companies. It operates in residential development, leasing, investment management, property brokerage, commercial real estate, property management, and other areas. Residential development is the leading business and provides a diverse group of services. Condominiums and detached housing are among the various property types offered. The group launches numerous properties under its branded names, like Proud and Ohana, in various parts of the Tokyo metropolitan area. In addition to commercial property development, the group provides corporate real estate brokerage and architectural design.
79GF Score

Get the complete analysis for TSE:3231

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

円926.00
Price
円1,084.03
GF Value