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NOMURA CoTSE:9716 -1.92%88 Return-on-Tangible-Asset is 11.04% as of Feb. 2026, which is 49% above its 10-year median of 7.41. GuruFocus rates TSE:9716 with a GF Score™ of 88/100 and a GF Value™ of 円1,105.73 (Fairly Valued). Among 1,781 Construction companies, NOMURA Co ranks better than 80.24% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. NOMURA Co's annualizedNet Income for the quarter that ended in Feb. 2026 was 円10,456 Mil. NOMURA Co's average total tangible assets for the quarter that ended in Feb. 2026 was 円94,670 Mil. Therefore, NOMURA Co's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2026 was 11.04%.
The historical rank and industry rank for NOMURA Co's Return-on-Tangible-Asset or its related term are showing as below:
TSE:9716'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.91 Med: 7.41 Max: 9.31
Current: 8.39
During the past 13 years, NOMURA Co's highest Return-on-Tangible-Asset was 9.31%. The lowest was 2.91%. And the median was 7.41%.
TSE:9716's Return-on-Tangible-Asset is ranked better than 80.24% of 1781
companies
in the Construction industry
Industry Median: 3.05
vs TSE:9716: 8.39
NOMURA Co (TSE:9716) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
NOMURA Co Return-on-Tangible-Asset Related Terms
NOMURA Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for NOMURA Co's Return-on-Tangible-Asset 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.
TSE:9716 vs PWR, FIX, EME: Return-on-Tangible-Asset Comparison
For the Engineering & Construction subindustry, NOMURA Co's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, NOMURA Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where NOMURA Co's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Feb. 2026) net income data.
What does a Return-on-Tangible-Asset of 11.04% mean?
NOMURA Co (TSE:9716) has a Return-on-Tangible-Asset of 11.04% as of Feb. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on NOMURA Co and its competitors. This is 49% above median its historical median of 7.41. Over the past decade, NOMURA Co's Return-on-Tangible-Asset has ranged from 2.91 to 9.31. According to the industry distribution chart, NOMURA Co ranks #352 out of 1781 companies in the Construction industry, placing it in the top 19.8%.
Is NOMURA Co's Return-on-Tangible-Asset too high?
NOMURA Co's current Return-on-Tangible-Asset of 11.04% is 49% above median its 10-year median of 7.41. Over the past 10 years, this metric has ranged from a low of 2.91 to a high of 9.31. The Construction industry median Return-on-Tangible-Asset is 3.05. NOMURA Co's value of 11.04% is 262% above this industry median. Based on the distribution chart, NOMURA Co ranks #352 out of 1781 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 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NOMURA Co's Return-on-Tangible-Asset compare to PWR and FIX?
According to the Construction industry distribution chart, NOMURA Co ranks #352 out of 1781 companies for Return-on-Tangible-Asset. This places NOMURA Co in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.05. NOMURA Co's value of 11.04% is 262% above this benchmark. Historically, NOMURA Co's own Return-on-Tangible-Asset has ranged from 2.91 to 9.31 over the past decade. While the company's 10-year median is 7.41 vs. the industry median of 3.05, 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 Return-on-Tangible-Asset for a Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.05, based on 1,781 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NOMURA Co's current Return-on-Tangible-Asset of 11.04% is 262% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on NOMURA Co and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NOMURA Co's current Return-on-Tangible-Asset is 11.04%, which is 49% above median its own 10-year median of 7.41. 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?
Based on GuruFocus' analysis, NOMURA Co (TSE:9716) is currently considered Fairly Valued. The stock's GF Value™ is 円1,105.73, compared to a current price of 円1,172.00 — trading 6% above its estimated fair value. The current Return-on-Tangible-Asset is 11.04%, which is 49% above median its 10-year median of 7.41 and 262% above the Construction industry median of 3.05. NOMURA Co's overall GF Score™ is 88/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For NOMURA Co (TSE:9716), the current Return-on-Tangible-Asset is 11.04% as of Feb. 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 (TSE:9716) Overvalued in 2026?
Based on GuruFocus' analysis, NOMURA Co stock appears to be overvalued.
The current stock price of 円1,172.00 is trading 6% above its estimated GF Value™ of 円1,105.73.
GuruFocus considers NOMURA Co to be Fairly Valued.
Key valuation signals for TSE:9716:
Return-on-Tangible-Asset: 11.04% (49% above median its 10-year median of 7.41)
GF Value™: 円1,105.73 vs. price of 円1,172.00 (6% above fair value)
Industry Position: 262% above the Construction median (#352 of 1781)
No single metric tells the full story. See the TSE:9716 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
88GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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