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 92 Equity-to-Asset is 0.41 as of Jun. 2026, which is 15% below its 10-year median of 0.48. GuruFocus rates NURAF with a GF Score™ of 92/100 and a GF Value™ of $32.58 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,894 Software companies, Nomura Research Institute ranks worse than 66.76% on this metric.
Nomura Research Institute (OTCPK:NURAF) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Nomura Research Institute Equity-to-Asset Related Terms
Nomura Research Institute Equity-to-Asset 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: Equity-to-Asset Comparison
For the Information Technology Services subindustry, Nomura Research Institute's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Software Industry
For the Software industry and Technology sector, Nomura Research Institute's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Nomura Research Institute's Equity-to-Asset falls into.
Nomura Research Institute Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Nomura Research Institute's Equity to Asset Ratio 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 Equity-to-Asset of 0.41 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Nomura Research Institute and its competitors. This is 15% below median its historical median of 0.48. Over the past decade, Nomura Research Institute's Equity-to-Asset has ranged from 0.41 to 0.70. According to the industry distribution chart, Nomura Research Institute ranks #1932 out of 2894 companies in the Software industry, placing it in the top 66.8%.
Is Nomura Research Institute's Equity-to-Asset too high?
Nomura Research Institute's current Equity-to-Asset of 0.41 is 15% below median its 10-year median of 0.48. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 0.70. The Software industry median Equity-to-Asset is 0.56. Nomura Research Institute's value of 0.41 is 26.8% below this industry median. Based on the distribution chart, Nomura Research Institute ranks #1932 out of 2894 companies in the Software industry, which is below the industry midpoint. Overall, Nomura Research Institute has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nomura Research Institute's Equity-to-Asset compare to IBM and ACN?
According to the Software industry distribution chart, Nomura Research Institute ranks #1932 out of 2894 companies for Equity-to-Asset. This places Nomura Research Institute in the lower half of its industry. The industry median Equity-to-Asset is 0.56. Nomura Research Institute's value of 0.41 is 26.8% below this benchmark. Historically, Nomura Research Institute's own Equity-to-Asset has ranged from 0.41 to 0.70 over the past decade. While the company's 10-year median is 0.48 vs. the industry median of 0.56, 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 Equity-to-Asset for a Software company?
The median Equity-to-Asset among Software companies is 0.56, based on 2,894 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nomura Research Institute's current Equity-to-Asset of 0.41 is 26.8% 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Nomura Research Institute and its competitors. For the Software industry, the median Equity-to-Asset is 0.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nomura Research Institute's current Equity-to-Asset is 0.41, which is 15% below median its own 10-year median of 0.48. 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 $32.58, compared to a current price of $29.30 — trading 10.1% below its estimated fair value. The current Equity-to-Asset is 0.41, which is 15% below median its 10-year median of 0.48 and 26.8% below the Software industry median of 0.56. Nomura Research Institute's overall GF Score™ is 92/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Nomura Research Institute (NURAF), the current Equity-to-Asset is 0.41 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 10.1% below its estimated GF Value™ of $32.58.
GuruFocus considers Nomura Research Institute to be Modestly Undervalued.
Key valuation signals for NURAF:
Equity-to-Asset: 0.41 (15% below median its 10-year median of 0.48)
GF Value™: $32.58 vs. price of $29.30 (10.1% below fair value)
Industry Position: 26.8% below the Software median (#1932 of 2894)
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.
92GF Score
Get the complete analysis for NURAF
Equity-to-Asset 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 
