Nomura Research InstituteNURAF 88 PB Ratio is 5.39 as of Jun. 29, 2026, which is 8% below its 10-year median of 5.88. 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 2,621 Software companies, Nomura Research Institute ranks worse than 81.34% on this metric.
The historical rank and industry rank for Nomura Research Institute's PB Ratio or its related term are showing as below:
NURAF'
s PB Ratio Range Over the Past 10 Years
Min: 1.82 Med: 5.88 Max: 9.8
Current: 5.69
During the past 13 years, Nomura Research Institute's highest PB Ratio was 9.80. The lowest was 1.82. And the median was 5.88.
NURAF's PB Ratio is ranked worse than 81.34% of 2621
companies
in the Software industry
Industry Median: 2.33
vs NURAF: 5.69
During the past 12 months, Nomura Research Institute's average Book Value Per Share Growth Rate was -0.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 3.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 7.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 3.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Nomura Research Institute was 17.30% per year. The lowest was -10.60% per year. And the median was 5.20% per year.
Back to Basics: PB Ratio
Nomura Research Institute (OTCPK:NURAF) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Nomura Research Institute PB Ratio Related Terms
Nomura Research Institute PB 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.
For the Information Technology Services subindustry, Nomura Research Institute's PB Ratio, along with its competitors' market caps and PB 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 PB Ratio vs Software Industry
For the Software industry and Technology sector, Nomura Research Institute's PB Ratio distribution charts can be found below:
* The bar in red indicates where Nomura Research Institute's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Nomura Research Institute (NURAF) has a PB Ratio of 5.39 as of Jun. 29, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Nomura Research Institute and its competitors. This is near median its historical median of 5.88. Over the past decade, Nomura Research Institute's PB Ratio has ranged from 1.82 to 9.80. According to the industry distribution chart, Nomura Research Institute ranks #2132 out of 2621 companies in the Software industry, placing it in the top 81.3%.
Is Nomura Research Institute's PB Ratio too high?
Nomura Research Institute's current PB Ratio of 5.39 is near median its 10-year median of 5.88. Over the past 10 years, this metric has ranged from a low of 1.82 to a high of 9.80. The Software industry median PB Ratio is 2.33. Nomura Research Institute's value of 5.39 is 131.3% above this industry median. Based on the distribution chart, Nomura Research Institute ranks #2132 out of 2621 companies in the Software industry, which is in the bottom quartile relative to peers. 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 PB Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Nomura Research Institute ranks #2132 out of 2621 companies for PB Ratio. This places Nomura Research Institute in the lower half of its industry. The industry median PB Ratio is 2.33. Nomura Research Institute's value of 5.39 is 131.3% above this benchmark. Historically, Nomura Research Institute's own PB Ratio has ranged from 1.82 to 9.80 over the past decade. While the company's 10-year median is 5.88 vs. the industry median of 2.33, Nomura Research Institute 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 PB Ratio for a Software company?
The median PB Ratio among Software companies is 2.33, based on 2,621 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nomura Research Institute's current PB Ratio of 5.39 is 131.3% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Nomura Research Institute and its competitors. For the Software industry, the median PB Ratio is 2.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nomura Research Institute's current PB Ratio is 5.39, which is near median its own 10-year median of 5.88. 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 PB Ratio is 5.39, which is near median its 10-year median of 5.88 and 131.3% above the Software industry median of 2.33. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Nomura Research Institute (NURAF), the current PB Ratio is 5.39 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 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:
PB Ratio: 5.39 (near median its 10-year median of 5.88)
GF Value™: $30.67 vs. price of $25.65 (16.4% below fair value)
Industry Position: 131.3% above the Software median (#2132 of 2621)
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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