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.
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.
Nomura Research InstituteNURAF 88 EV-to-EBITDA is 20.80 as of Aug. 02, 2026, which is 46% above its 10-year median of 14.27. GuruFocus rates NURAF with a GF Score™ of 88/100 and a GF Value™ of $34.79 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,960 Software companies, Nomura Research Institute ranks worse than 73.32% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Nomura Research Institute's enterprise value is $16,298 Mil.
Nomura Research Institute's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was $784 Mil. Therefore, Nomura Research Institute's EV-to-EBITDA for today is 20.80.
The historical rank and industry rank for Nomura Research Institute's EV-to-EBITDA or its related term are showing as below:
NURAF'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 6.82 Med: 14.27 Max: 25.93
Current: 21.74
During the past 13 years, the highest EV-to-EBITDA of Nomura Research Institute was 25.93. The lowest was 6.82. And the median was 14.27.
NURAF's EV-to-EBITDA is ranked worse than 73.32% of 1960
companies
in the Software industry
Industry Median: 10.365
vs NURAF: 21.74
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
Nomura Research Institute (OTCPK:NURAF) EV-to-EBITDA Explanation
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Nomura Research Institute's PE Ratio (TTM) for today is calculated as:
Nomura Research Institute's share price for today is $31.25.
Nomura Research Institute's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.229.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
* 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 EV-to-EBITDA, along with its competitors' market caps and EV-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 EV-to-EBITDA vs Software Industry
For the Software industry and Technology sector, Nomura Research Institute's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Nomura Research Institute's EV-to-EBITDA falls into.
Nomura Research Institute's current Enterprise Value is $16,298 Mil.
Nomura Research Institute's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $784 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.
Nomura Research Institute (NURAF) has a EV-to-EBITDA of 20.80 as of Aug. 02, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Nomura Research Institute. This is 46% above median its historical median of 14.27. Over the past decade, Nomura Research Institute's EV-to-EBITDA has ranged from 6.82 to 25.93. According to the industry distribution chart, Nomura Research Institute ranks #1437 out of 1960 companies in the Software industry, placing it in the top 73.3%.
Is Nomura Research Institute's EV-to-EBITDA too high?
Nomura Research Institute's current EV-to-EBITDA of 20.80 is 46% above median its 10-year median of 14.27. Over the past 10 years, this metric has ranged from a low of 6.82 to a high of 25.93. The Software industry median EV-to-EBITDA is 10.37. Nomura Research Institute's value of 20.80 is 100.7% above this industry median. Based on the distribution chart, Nomura Research Institute ranks #1437 out of 1960 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 Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nomura Research Institute's EV-to-EBITDA compare to IBM and ACN?
According to the Software industry distribution chart, Nomura Research Institute ranks #1437 out of 1960 companies for EV-to-EBITDA. This places Nomura Research Institute in the lower half of its industry. The industry median EV-to-EBITDA is 10.37. Nomura Research Institute's value of 20.80 is 100.7% above this benchmark. Historically, Nomura Research Institute's own EV-to-EBITDA has ranged from 6.82 to 25.93 over the past decade. While the company's 10-year median is 14.27 vs. the industry median of 10.37, 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 EV-to-EBITDA for a Software company?
The median EV-to-EBITDA among Software companies is 10.37, based on 1,960 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nomura Research Institute's current EV-to-EBITDA of 20.80 is 100.7% 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 EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Nomura Research Institute. For the Software industry, the median EV-to-EBITDA is 10.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nomura Research Institute's current EV-to-EBITDA is 20.80, which is 46% above median its own 10-year median of 14.27. 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 Fairly Valued. The stock's GF Value™ is $34.79, compared to a current price of $31.25 — trading 10.2% below its estimated fair value. The current EV-to-EBITDA is 20.80, which is 46% above median its 10-year median of 14.27 and 100.7% above the Software industry median of 10.37. 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 EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Nomura Research Institute (NURAF), the current EV-to-EBITDA is 20.80 as of Aug. 02, 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 $31.25 is trading 10.2% below its estimated GF Value™ of $34.79.
GuruFocus considers Nomura Research Institute to be Fairly Valued.
Key valuation signals for NURAF:
EV-to-EBITDA: 20.80 (46% above median its 10-year median of 14.27)
GF Value™: $34.79 vs. price of $31.25 (10.2% below fair value)
Industry Position: 100.7% above the Software median (#1437 of 1960)
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
Get the complete analysis for NURAF
EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NURAF has been successfully added to your 
