Nomura Research InstituteNURAF 88 Gross Margin % is 35.82% as of Mar. 2026, which is 4% above its 10-year median of 34.60. GuruFocus rates NURAF with a GF Score™ of 88/100 and a GF Value™ of $30.67 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,680 Software companies, Nomura Research Institute ranks worse than 54.37% on this metric.
Nomura Research Institute (OTCPK:NURAF) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Nomura Research Institute had a gross margin of 35.82% for the quarter that ended in Mar. 2026 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Nomura Research Institute Gross Margin % Related Terms
Nomura Research Institute Gross Margin % 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: Gross Margin % Comparison
For the Information Technology Services subindustry, Nomura Research Institute's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Software Industry
For the Software industry and Technology sector, Nomura Research Institute's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Nomura Research Institute's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Nomura Research Institute (NURAF) has a Gross Margin % of 35.82% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Nomura Research Institute and its competitors. This is near median its historical median of 34.60. Over the past decade, Nomura Research Institute's Gross Margin % has ranged from 32.87 to 36.84. According to the industry distribution chart, Nomura Research Institute ranks #1457 out of 2680 companies in the Software industry, placing it in the top 54.4%.
Is Nomura Research Institute's Gross Margin % too high?
Nomura Research Institute's current Gross Margin % of 35.82% is near median its 10-year median of 34.60. Over the past 10 years, this metric has ranged from a low of 32.87 to a high of 36.84. The Software industry median Gross Margin % is 40.45. Nomura Research Institute's value of 35.82% is 11.4% below this industry median. Based on the distribution chart, Nomura Research Institute ranks #1457 out of 2680 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 Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nomura Research Institute's Gross Margin % compare to IBM and ACN?
According to the Software industry distribution chart, Nomura Research Institute ranks #1457 out of 2680 companies for Gross Margin %. This places Nomura Research Institute in the lower half of its industry. The industry median Gross Margin % is 40.45. Nomura Research Institute's value of 35.82% is 11.4% below this benchmark. Historically, Nomura Research Institute's own Gross Margin % has ranged from 32.87 to 36.84 over the past decade. While the company's 10-year median is 34.60 vs. the industry median of 40.45, 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 Gross Margin % for a Software company?
The median Gross Margin % among Software companies is 40.45, based on 2,680 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nomura Research Institute's current Gross Margin % of 35.82% is 11.4% 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Nomura Research Institute and its competitors. For the Software industry, the median Gross Margin % is 40.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nomura Research Institute's current Gross Margin % is 35.82%, which is near median its own 10-year median of 34.60. 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 $30.67, compared to a current price of $25.65 — trading 16.4% below its estimated fair value. The current Gross Margin % is 35.82%, which is near median its 10-year median of 34.60 and 11.4% below the Software industry median of 40.45. 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 Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Nomura Research Institute (NURAF), the current Gross Margin % is 35.82% 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 Research Institute (NURAF) Overvalued in 2026?
Based on GuruFocus' analysis, Nomura Research Institute stock appears to be undervalued.
The current stock price of $25.65 is trading 16.4% below its estimated GF Value™ of $30.67.
GuruFocus considers Nomura Research Institute to be Modestly Undervalued.
Key valuation signals for NURAF:
Gross Margin %: 35.82% (near median its 10-year median of 34.60)
GF Value™: $30.67 vs. price of $25.65 (16.4% below fair value)
Industry Position: 11.4% below the Software median (#1457 of 2680)
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
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