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Nomura Research Institute (OTCPK:NURAF) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Nomura Research Institute Forward PE Ratio Related Terms
Nomura Research Institute Forward PE Ratio 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.
Nomura Research Institute Forward PE Ratio Chart
Nomura Research Institute Annual Data
Trend
2022-03
2023-03
2025-03
2026-03
Forward PE Ratio
36.90
20.96
28.45
18.90
Nomura Research Institute Quarterly Data
2022-03
2022-06
2022-09
2022-12
2023-03
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
36.90
26.88
29.41
21.79
20.96
26.30
28.45
31.45
32.18
28.79
18.90
NURAF vs IBM, ACN, FISV: Forward PE Ratio Comparison
For the Information Technology Services subindustry, Nomura Research Institute's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio 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 Forward PE Ratio vs Software Industry
For the Software industry and Technology sector, Nomura Research Institute's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Nomura Research Institute's Forward PE Ratio falls into.
Nomura Research Institute Forward PE Ratio Calculation
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Nomura Research Institute (NURAF) has a Forward PE Ratio of 22.71 as of Jul. 18, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Nomura Research Institute and its competitors. According to the industry distribution chart, Nomura Research Institute ranks #715 out of 1172 companies in the Software industry, placing it in the top 61%.
Is Nomura Research Institute's Forward PE Ratio too high?
Nomura Research Institute's current Forward PE Ratio is 22.71. The Software industry median Forward PE Ratio is 18.54. Nomura Research Institute's value of 22.71 is 22.5% above this industry median. Based on the distribution chart, Nomura Research Institute ranks #715 out of 1172 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 Forward PE Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Nomura Research Institute ranks #715 out of 1172 companies for Forward PE Ratio. This places Nomura Research Institute in the lower half of its industry. The industry median Forward PE Ratio is 18.54. Nomura Research Institute's value of 22.71 is 22.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Software company?
The median Forward PE Ratio among Software companies is 18.54, based on 1,172 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nomura Research Institute's current Forward PE Ratio of 22.71 is 22.5% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Nomura Research Institute and its competitors. For the Software industry, the median Forward PE Ratio is 18.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nomura Research Institute's current Forward PE Ratio is 22.71. 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 $31.48, compared to a current price of $30.95 — trading 1.7% below its estimated fair value. The current Forward PE Ratio is 22.71 and 22.5% above the Software industry median of 18.54. Nomura Research Institute's overall GF Score™ is 88/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Nomura Research Institute (NURAF), the current Forward PE Ratio is 22.71 as of Jul. 18, 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 $30.95 is trading 1.7% below its estimated GF Value™ of $31.48.
GuruFocus considers Nomura Research Institute to be Fairly Valued.
Key valuation signals for NURAF:
Forward PE Ratio: 22.71
GF Value™: $31.48 vs. price of $30.95 (1.7% below fair value)
Industry Position: 22.5% above the Software median (#715 of 1172)
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
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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