Nomura Real Estate Holdings (TSE:3231) Net Margin %: 11.07% (As of Mar. 2026) — 32% Above Median


TSE:3231 Nomura Real Estate Holdings Inc TSE:3231
79 GF Score
Price 円926.00
GF Value 円1,084.03
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Nomura Real Estate Holdings Net Margin %?

Nomura Real Estate Holdings TSE:3231 +1.39% 79 Net Margin % is 11.07% as of Mar. 2026, which is 32% above its 10-year median of 8.41. GuruFocus rates TSE:3231 with a GF Score™ of 79/100 and a GF Value™ of 円1,084.03 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,755 Real Estate companies, Nomura Real Estate Holdings ranks better than 51.05% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Nomura Real Estate Holdings's Net Income for the three months ended in Mar. 2026 was 円39,940 Mil. Nomura Real Estate Holdings's Revenue for the three months ended in Mar. 2026 was 円360,943 Mil. Therefore, Nomura Real Estate Holdings's net margin for the quarter that ended in Mar. 2026 was 11.07%.

The historical rank and industry rank for Nomura Real Estate Holdings's Net Margin % or its related term are showing as below:

TSE:3231' s Net Margin % Range Over the Past 10 Years
Min: 6.86   Med: 8.41   Max: 9.88
Current: 8.79


TSE:3231's Net Margin % is ranked better than
51.05% of 1755 companies
in the Real Estate industry
Industry Median: 8.03 vs TSE:3231: 8.79

Nomura Real Estate Holdings  (TSE:3231) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Nomura Real Estate Holdings Net Margin % Related Terms


Nomura Real Estate Holdings Net Margin % Historical Data

* Premium members only.

The historical data trend for Nomura Real Estate Holdings's Net Margin % 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 Real Estate Holdings Net Margin % Chart

Nomura Real Estate Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.57 9.85 9.28 9.88 8.79

Nomura Real Estate Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Net Margin % 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 6.69 10.47 4.63 6.30 11.07

TSE:3231 vs CBRE, BEKE: Net Margin % Comparison

For the Real Estate Services subindustry, Nomura Real Estate Holdings's Net Margin %, along with its competitors' market caps and Net 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 Real Estate Holdings Net Margin % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Nomura Real Estate Holdings's Net Margin % distribution charts can be found below:

* The bar in red indicates where Nomura Real Estate Holdings's Net Margin % falls into.


TSE:3231
79GF Score
Nomura Real Estate Holdings Inc TSE:3231
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nomura Real Estate Holdings Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Nomura Real Estate Holdings's Net Margin for the fiscal year that ended in Mar. 2026 is calculated as

Net Margin=Net Income (A: Mar. 2026 )/Revenue (A: Mar. 2026 )
=82880/942505
=8.79 %

Nomura Real Estate Holdings's Net Margin for the quarter that ended in Mar. 2026 is calculated as

Net Margin=Net Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=39940/360943
=11.07 %

* 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.

Frequently Asked Questions Learn more about Net Margin % →
What does a Net Margin % of 11.07% mean?
Nomura Real Estate Holdings (TSE:3231) has a Net Margin % of 11.07% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Nomura Real Estate Holdings and its competitors. This is 32% above median its historical median of 8.41. Over the past decade, Nomura Real Estate Holdings' Net Margin % has ranged from 6.86 to 9.88. According to the industry distribution chart, Nomura Real Estate Holdings ranks #859 out of 1755 companies in the Real Estate industry, placing it in the top 48.9%.
Is Nomura Real Estate Holdings' Net Margin % too high?
Nomura Real Estate Holdings' current Net Margin % of 11.07% is 32% above median its 10-year median of 8.41. Over the past 10 years, this metric has ranged from a low of 6.86 to a high of 9.88. The Real Estate industry median Net Margin % is 8.03. Nomura Real Estate Holdings' value of 11.07% is 37.9% above this industry median. Based on the distribution chart, Nomura Real Estate Holdings ranks #859 out of 1755 companies in the Real Estate industry, which is above the industry midpoint. Overall, Nomura Real Estate Holdings has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nomura Real Estate Holdings' Net Margin % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Nomura Real Estate Holdings ranks #859 out of 1755 companies for Net Margin %. This puts Nomura Real Estate Holdings in the upper half of its industry. The industry median Net Margin % is 8.03. Nomura Real Estate Holdings' value of 11.07% is 37.9% above this benchmark. Historically, Nomura Real Estate Holdings' own Net Margin % has ranged from 6.86 to 9.88 over the past decade. While the company's 10-year median is 8.41 vs. the industry median of 8.03, Nomura Real Estate Holdings 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 Net Margin % for a Real Estate company?
The median Net Margin % among Real Estate companies is 8.03, based on 1,755 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nomura Real Estate Holdings's current Net Margin % of 11.07% is 37.9% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Nomura Real Estate Holdings and its competitors. For the Real Estate industry, the median Net Margin % is 8.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nomura Real Estate Holdings's current Net Margin % is 11.07%, which is 32% above median its own 10-year median of 8.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nomura Real Estate Holdings stock overvalued right now?
Based on GuruFocus' analysis, Nomura Real Estate Holdings (TSE:3231) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,084.03, compared to a current price of 円926.00 — trading 14.6% below its estimated fair value. The current Net Margin % is 11.07%, which is 32% above median its 10-year median of 8.41 and 37.9% above the Real Estate industry median of 8.03. Nomura Real Estate Holdings' overall GF Score™ is 79/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Nomura Real Estate Holdings (TSE:3231), the current Net Margin % is 11.07% 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 Real Estate Holdings (TSE:3231) Overvalued in 2026?

Based on GuruFocus' analysis, Nomura Real Estate Holdings stock appears to be undervalued. The current stock price of 円926.00 is trading 14.6% below its estimated GF Value™ of 円1,084.03. GuruFocus considers Nomura Real Estate Holdings to be Modestly Undervalued.

Key valuation signals for TSE:3231:

  • Net Margin %: 11.07% (32% above median its 10-year median of 8.41)
  • GF Value™: 円1,084.03 vs. price of 円926.00 (14.6% below fair value)
  • GF Score™: 79/100 with 3 warning signs
  • Industry Position: 37.9% above the Real Estate median (#859 of 1755)

No single metric tells the full story. See the TSE:3231 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nomura Real Estate Holdings Business Description

Other Exchanges NMEHF:USA
Address 2-26 Nishi-Shinjuku 1-chome, Shinjuku Nomura Building, Shinjuku-ku, Tokyo, JPN, 163-0566
Nomura Real Estate Holdings Inc comprises Nomura Real Estate Development and other group companies. It operates in residential development, leasing, investment management, property brokerage, commercial real estate, property management, and other areas. Residential development is the leading business and provides a diverse group of services. Condominiums and detached housing are among the various property types offered. The group launches numerous properties under its branded names, like Proud and Ohana, in various parts of the Tokyo metropolitan area. In addition to commercial property development, the group provides corporate real estate brokerage and architectural design.
79GF Score

Get the complete analysis for TSE:3231

Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円926.00
Price
円1,084.03
GF Value