NMUCF (NOMURA Co) Piotroski F-Score: 7 (As of Jun. 29, 2026) — Near Median


NMUCF NOMURA Co Ltd NMUCF
91 GF Score
Price $6.00
GF Value $6.10
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What is NOMURA Co Piotroski F-Score?

NOMURA Co NMUCF 91 Piotroski F-Score is 7 as of Jun. 29, 2026, which is at its 10-year median of 7.00. GuruFocus rates NMUCF with a GF Score™ of 91/100 and a GF Value™ of $6.10. Among 1,729 Construction companies, NOMURA Co ranks better than 89.36% on this metric.

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

NOMURA Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for NOMURA Co's Piotroski F-Score or its related term are showing as below:

NMUCF' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of NOMURA Co was 9. The lowest was 4. And the median was 7.

NOMURA Co  (OTCPK:NMUCF) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


NOMURA Co Piotroski F-Score Related Terms


NOMURA Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for NOMURA Co's Piotroski F-Score 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 Co Piotroski F-Score Chart

NOMURA Co Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 4.00 7.00 6.00 7.00

NOMURA Co Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
Piotroski F-Score 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 6.00 0.00 0.00 0.00 7.00

NMUCF vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, NOMURA Co's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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 Co Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, NOMURA Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where NOMURA Co's Piotroski F-Score falls into.


NMUCF
91GF Score
NOMURA Co Ltd NMUCF
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

How is the Piotroski F-Score calculated?

* 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.

This Year (Feb26) TTM:Last Year (Feb25) TTM:
Net Income was $59 Mil.
Cash Flow from Operations was $70 Mil.
Revenue was $1,049 Mil.
Gross Profit was $211 Mil.
Average Total Assets from the begining of this year (Feb25)
to the end of this year (Feb26) was (676.248 + 614.649) / 2 = $645.4485 Mil.
Total Assets at the begining of this year (Feb25) was $676 Mil.
Long-Term Debt & Capital Lease Obligation was $0 Mil.
Total Current Assets was $511 Mil.
Total Current Liabilities was $185 Mil.
Net Income was $45 Mil.

Revenue was $991 Mil.
Gross Profit was $181 Mil.
Average Total Assets from the begining of last year (Feb24)
to the end of last year (Feb25) was (579.467 + 676.248) / 2 = $627.8575 Mil.
Total Assets at the begining of last year (Feb24) was $579 Mil.
Long-Term Debt & Capital Lease Obligation was $0 Mil.
Total Current Assets was $583 Mil.
Total Current Liabilities was $285 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

NOMURA Co's current Net Income (TTM) was 59. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

NOMURA Co's current Cash Flow from Operations (TTM) was 70. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Feb25)
=58.89/676.248
=0.08708344

ROA (Last Year)=Net Income/Total Assets (Feb24)
=44.58/579.467
=0.07693277

NOMURA Co's return on assets of this year was 0.08708344. NOMURA Co's return on assets of last year was 0.07693277. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

NOMURA Co's current Net Income (TTM) was 59. NOMURA Co's current Cash Flow from Operations (TTM) was 70. ==> 70 > 59 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Feb26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb25 to Feb26
=0/645.4485
=0

Gearing (Last Year: Feb25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb24 to Feb25
=0/627.8575
=0

NOMURA Co's gearing of this year was 0. NOMURA Co's gearing of last year was 0. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Feb26)=Total Current Assets/Total Current Liabilities
=511.452/184.776
=2.76795688

Current Ratio (Last Year: Feb25)=Total Current Assets/Total Current Liabilities
=582.932/285.199
=2.04394826

NOMURA Co's current ratio of this year was 2.76795688. NOMURA Co's current ratio of last year was 2.04394826. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

NOMURA Co's number of shares in issue this year was 111.594. NOMURA Co's number of shares in issue last year was 111.506. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=211.274/1048.854
=0.20143318

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=180.628/991.32
=0.18220958

NOMURA Co's gross margin of this year was 0.20143318. NOMURA Co's gross margin of last year was 0.18220958. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Feb25)
=1048.854/676.248
=1.55099017

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Feb24)
=991.32/579.467
=1.71074453

NOMURA Co's asset turnover of this year was 1.55099017. NOMURA Co's asset turnover of last year was 1.71074453. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+1+1+0+1+0
=7

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

NOMURA Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
NOMURA Co (NMUCF) has a Piotroski F-Score of 7 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on NOMURA Co and its competitors. This is near median its historical median of 7.00. Over the past decade, NOMURA Co's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, NOMURA Co ranks #184 out of 1729 companies in the Construction industry, placing it in the top 10.6%.
Is NOMURA Co's Piotroski F-Score too high?
NOMURA Co's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Construction industry median Piotroski F-Score is 5.00. NOMURA Co's value of 7 is 40% above this industry median. Based on the distribution chart, NOMURA Co ranks #184 out of 1729 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, NOMURA Co has a GF Score™ of 91/100, reflecting its overall financial health beyond just this single metric.
How does NOMURA Co's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, NOMURA Co ranks #184 out of 1729 companies for Piotroski F-Score. This places NOMURA Co in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. NOMURA Co's value of 7 is 40% above this benchmark. Historically, NOMURA Co's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, NOMURA Co 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 Piotroski F-Score for a Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,729 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NOMURA Co's current Piotroski F-Score of 7 is 40% 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 Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on NOMURA Co and its competitors. For the Construction industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NOMURA Co's current Piotroski F-Score is 7, which is near median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NOMURA Co stock overvalued right now?
NOMURA Co (NMUCF) has a current Piotroski F-Score of 7. The stock's GF Value™ is $6.10, compared to a current price of $6.00 — trading 1.6% below its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Construction industry median of 5.00. NOMURA Co's overall GF Score™ is 91/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For NOMURA Co (NMUCF), the current Piotroski F-Score is 7 as of Jun. 29, 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 Co (NMUCF) Overvalued in 2026?

Based on GuruFocus' analysis, NOMURA Co stock appears to be undervalued. The current stock price of $6.00 is trading 1.6% below its estimated GF Value™ of $6.10.

Key valuation signals for NMUCF:

  • Piotroski F-Score: 7 (near median its 10-year median of 7.00)
  • GF Value™: $6.10 vs. price of $6.00 (1.6% below fair value)
  • GF Score™: 91/100
  • Industry Position: 40% above the Construction median (#184 of 1729)

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


NOMURA Co Business Description

Other Exchanges 9716:Japan
Address 2-3-4 Daiba, Minato-ku, Tokyo, JPN, 135-8622
NOMURA Co Ltd is a Japan-based company that is mainly engaged in the display business. The company provides consultancy, planning, designing, layout, creation, and construction services to help facilities attract visitors. In addition, it provides revitalization, operation, and management services for facilities and events. The facilities and event types that Nomura serves comprise retail shops, restaurants, medical facilities, department stores, commercial complexes, showrooms, company museums, museums, archives, art galleries, hotels, wedding halls, theme parks, amusement parks, sports facilities, sales promotion exhibitions and campaigns, expos, trade fairs, conference events, and so on. The company generates most of its sales from the Japanese domestic market.
91GF Score

Get the complete analysis for NMUCF

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

$6.00
Price
$6.10
GF Value