Nomura Real Estate Holdings (TSE:3231) Dividend Payout Ratio: 0.55 (As of Mar. 2026) — 77% Above Median


TSE:3231 Nomura Real Estate Holdings Inc TSE:3231
77 GF Score
Price 円944.20
GF Value 円1,091.15
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Nomura Real Estate Holdings Dividend Payout Ratio?

Nomura Real Estate Holdings TSE:3231 +0.88% 77 Dividend Payout Ratio is 0.55 as of Mar. 2026, which is 77% above its 10-year median of 0.31. GuruFocus rates TSE:3231 with a GF Score™ of 77/100 and a GF Value™ of 円1,091.15 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 696 Real Estate companies, Nomura Real Estate Holdings ranks better than 57.04% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Nomura Real Estate Holdings's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.55.

The historical rank and industry rank for Nomura Real Estate Holdings's Dividend Payout Ratio or its related term are showing as below:

TSE:3231' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.27   Med: 0.31   Max: 0.38
Current: 0.36

During the past 13 years, the highest Dividend Payout Ratio of Nomura Real Estate Holdings was 0.38. The lowest was 0.27. And the median was 0.31.

TSE:3231's Dividend Payout Ratio is ranked better than
57.04% of 696 companies
in the Real Estate industry
Industry Median: 0.41 vs TSE:3231: 0.36

As of today (2026-07-05), the Dividend Yield % of Nomura Real Estate Holdings is 4.24%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Nomura Real Estate Holdings was 5.34%. The lowest was 2.48%. And the median was 3.34%.

Nomura Real Estate Holdings's Dividends per Share for the months ended in Mar. 2026 was 円22.00.

During the past 12 months, Nomura Real Estate Holdings's average Dividends Per Share Growth Rate was 17.60% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 18.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 20.10% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 12.90% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Nomura Real Estate Holdings was 24.20% per year. The lowest was -14.50% per year. And the median was 11.90% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Nomura Real Estate Holdings (TSE:3231) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Nomura Real Estate Holdings Dividend Payout Ratio Related Terms

Nomura Real Estate Holdings Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Nomura Real Estate Holdings's Dividend Payout Ratio 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 Dividend Payout Ratio Chart

Nomura Real Estate Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.31 0.31 0.35 0.38 0.36

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
Dividend Payout Ratio 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 1.12 0.00 1.24 0.00 0.55

TSE:3231 vs CBRE, BEKE, JLL: Dividend Payout Ratio Comparison

For the Real Estate Services subindustry, Nomura Real Estate Holdings's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout 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 Real Estate Holdings Dividend Payout Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Nomura Real Estate Holdings's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Nomura Real Estate Holdings's Dividend Payout Ratio falls into.


TSE:3231
77GF Score
Nomura Real Estate Holdings Inc TSE:3231
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nomura Real Estate Holdings Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Nomura Real Estate Holdings's Dividend Payout Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Mar. 2026 )/ EPS without NRI (A: Mar. 2026 )
=40/ 110.219
=0.36

Nomura Real Estate Holdings's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=22/ 40.191
=0.55

* 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 Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.55 mean?
Nomura Real Estate Holdings (TSE:3231) has a Dividend Payout Ratio of 0.55 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Nomura Real Estate Holdings and its competitors. This is 77% above median its historical median of 0.31. Over the past decade, Nomura Real Estate Holdings' Dividend Payout Ratio has ranged from 0.27 to 0.38. According to the industry distribution chart, Nomura Real Estate Holdings ranks #299 out of 696 companies in the Real Estate industry, placing it in the top 43%.
Is Nomura Real Estate Holdings' Dividend Payout Ratio too high?
Nomura Real Estate Holdings' current Dividend Payout Ratio of 0.55 is 77% above median its 10-year median of 0.31. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 0.38. The Real Estate industry median Dividend Payout Ratio is 0.41. Nomura Real Estate Holdings' value of 0.55 is 34.1% above this industry median. Based on the distribution chart, Nomura Real Estate Holdings ranks #299 out of 696 companies in the Real Estate industry, which is above the industry midpoint. Overall, Nomura Real Estate Holdings has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nomura Real Estate Holdings' Dividend Payout Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Nomura Real Estate Holdings ranks #299 out of 696 companies for Dividend Payout Ratio. This puts Nomura Real Estate Holdings in the upper half of its industry. The industry median Dividend Payout Ratio is 0.41. Nomura Real Estate Holdings' value of 0.55 is 34.1% above this benchmark. Historically, Nomura Real Estate Holdings' own Dividend Payout Ratio has ranged from 0.27 to 0.38 over the past decade. While the company's 10-year median is 0.31 vs. the industry median of 0.41, 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 Dividend Payout Ratio for a Real Estate company?
The median Dividend Payout Ratio among Real Estate companies is 0.41, based on 696 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nomura Real Estate Holdings's current Dividend Payout Ratio of 0.55 is 34.1% 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 Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Nomura Real Estate Holdings and its competitors. For the Real Estate industry, the median Dividend Payout Ratio is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nomura Real Estate Holdings's current Dividend Payout Ratio is 0.55, which is 77% above median its own 10-year median of 0.31. 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1,091.15, compared to a current price of 円944.20 — trading 13.5% below its estimated fair value. The current Dividend Payout Ratio is 0.55, which is 77% above median its 10-year median of 0.31 and 34.1% above the Real Estate industry median of 0.41. Nomura Real Estate Holdings' overall GF Score™ is 77/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Nomura Real Estate Holdings (TSE:3231), the current Dividend Payout Ratio is 0.55 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944.20 is trading 13.5% below its estimated GF Value™ of 円1,091.15. GuruFocus considers Nomura Real Estate Holdings to be Modestly Undervalued.

Key valuation signals for TSE:3231:

  • Dividend Payout Ratio: 0.55 (77% above median its 10-year median of 0.31)
  • GF Value™: 円1,091.15 vs. price of 円944.20 (13.5% below fair value)
  • GF Score™: 77/100 with 3 warning signs
  • Industry Position: 34.1% above the Real Estate median (#299 of 696)

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.
77GF Score

Get the complete analysis for TSE:3231

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円944.20
Price
円1,091.15
GF Value