Nomura (TSE:7131) Return-on-Tangible-Equity: 38.82% (As of Apr. 2026) — 92% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:7131 Nomura Corp TSE:7131
82 GF Score
Price 円3,495.00
GF Value 円2,268.09
Valuation Significantly Overvalued
View Full Analysis

What is Nomura Return-on-Tangible-Equity?

Nomura TSE:7131 -0.29% 82 Return-on-Tangible-Equity is 38.82% as of Apr. 2026, which is 92% above its 10-year median of 20.18. GuruFocus rates TSE:7131 with a GF Score™ of 82/100 and a GF Value™ of 円2,268.09 (Significantly Overvalued). Among 389 Packaging & Containers companies, Nomura ranks better than 91.26% on this metric.

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Nomura's annualized net income for the quarter that ended in Apr. 2026 was 円963 Mil. Nomura's average shareholder tangible equity for the quarter that ended in Apr. 2026 was 円2,481 Mil. Therefore, Nomura's annualized Return-on-Tangible-Equity for the quarter that ended in Apr. 2026 was 38.82%.

The historical rank and industry rank for Nomura's Return-on-Tangible-Equity or its related term are showing as below:

TSE:7131' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.86   Med: 20.18   Max: 31.74
Current: 31.74

During the past 7 years, Nomura's highest Return-on-Tangible-Equity was 31.74%. The lowest was 6.86%. And the median was 20.18%.

TSE:7131's Return-on-Tangible-Equity is ranked better than
91.26% of 389 companies
in the Packaging & Containers industry
Industry Median: 5.8 vs TSE:7131: 31.74

Nomura  (TSE:7131) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


Nomura Return-on-Tangible-Equity Related Terms


Nomura Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Nomura's Return-on-Tangible-Equity 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 Return-on-Tangible-Equity Chart

Nomura Annual Data
Trend Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Return-on-Tangible-Equity
Get a 7-Day Free Trial 20.33 19.75 20.18 19.65 24.25

Nomura Quarterly Data
Oct20 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Apr25 Jul25 Oct25 Jan26 Apr26
Return-on-Tangible-Equity 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 0.00 33.69 26.09 28.66 38.82

TSE:7131 vs SW, PKG, IP: Return-on-Tangible-Equity Comparison

For the Packaging & Containers subindustry, Nomura's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Nomura's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Nomura's Return-on-Tangible-Equity falls into.


TSE:7131
82GF Score
Nomura Corp TSE:7131
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nomura Return-on-Tangible-Equity Calculation

Nomura's annualized Return-on-Tangible-Equity for the fiscal year that ended in Oct. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Oct. 2025 )  (A: Oct. 2024 )(A: Oct. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Oct. 2025 )  (A: Oct. 2024 )(A: Oct. 2025 )
=508.265/( (1875.215+2317.477 )/ 2 )
=508.265/2096.346
=24.25 %

Nomura's annualized Return-on-Tangible-Equity for the quarter that ended in Apr. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Apr. 2026 )  (Q: Jan. 2026 )(Q: Apr. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Apr. 2026 )  (Q: Jan. 2026 )(Q: Apr. 2026 )
=963.012/( (2363.05+2598.188)/ 2 )
=963.012/2480.619
=38.82 %

* 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Apr. 2026) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

What does a Return-on-Tangible-Equity of 38.82% mean?
Nomura (TSE:7131) has a Return-on-Tangible-Equity of 38.82% as of Apr. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Nomura and its competitors. This is 92% above median its historical median of 20.18. Over the past decade, Nomura's Return-on-Tangible-Equity has ranged from 6.86 to 31.74. According to the industry distribution chart, Nomura ranks #34 out of 389 companies in the Packaging & Containers industry, placing it in the top 8.7%.
Is Nomura's Return-on-Tangible-Equity too high?
Nomura's current Return-on-Tangible-Equity of 38.82% is 92% above median its 10-year median of 20.18. Over the past 10 years, this metric has ranged from a low of 6.86 to a high of 31.74. The Packaging & Containers industry median Return-on-Tangible-Equity is 5.80. Nomura's value of 38.82% is 569.3% above this industry median. Based on the distribution chart, Nomura ranks #34 out of 389 companies in the Packaging & Containers industry, which is in the top quartile — a strong position relative to peers. Overall, Nomura has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nomura's Return-on-Tangible-Equity compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Nomura ranks #34 out of 389 companies for Return-on-Tangible-Equity. This places Nomura in the top 9% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.80. Nomura's value of 38.82% is 569.3% above this benchmark. Historically, Nomura's own Return-on-Tangible-Equity has ranged from 6.86 to 31.74 over the past decade. While the company's 10-year median is 20.18 vs. the industry median of 5.80, Nomura 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-Equity for a Packaging & Containers company?
The median Return-on-Tangible-Equity among Packaging & Containers companies is 5.80, based on 389 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nomura's current Return-on-Tangible-Equity of 38.82% is 569.3% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Nomura and its competitors. For the Packaging & Containers industry, the median Return-on-Tangible-Equity is 5.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nomura's current Return-on-Tangible-Equity is 38.82%, which is 92% above median its own 10-year median of 20.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nomura stock overvalued right now?
Based on GuruFocus' analysis, Nomura (TSE:7131) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,268.09, compared to a current price of 円3,495.00 — trading 54.1% above its estimated fair value. The current Return-on-Tangible-Equity is 38.82%, which is 92% above median its 10-year median of 20.18 and 569.3% above the Packaging & Containers industry median of 5.80. Nomura's overall GF Score™ is 82/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Nomura (TSE:7131), the current Return-on-Tangible-Equity is 38.82% as of Apr. 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 (TSE:7131) Overvalued in 2026?

Based on GuruFocus' analysis, Nomura stock appears to be overvalued. The current stock price of 円3,495.00 is trading 54.1% above its estimated GF Value™ of 円2,268.09. GuruFocus considers Nomura to be Significantly Overvalued.

Key valuation signals for TSE:7131:

  • Return-on-Tangible-Equity: 38.82% (92% above median its 10-year median of 20.18)
  • GF Value™: 円2,268.09 vs. price of 円3,495.00 (54.1% above fair value)
  • GF Score™: 82/100
  • Industry Position: 569.3% above the Packaging & Containers median (#34 of 389)

No single metric tells the full story. See the TSE:7131 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nomura Business Description

Address 5-32-23 Maesawa, Higashikurume, Tokyo, JPN, 203-0032
Nomura Corp is engaged in manufacturing and selling food and other packaging materials, with a focus on rice polishing bags, and automatic weighing and packaging machines for rice. In addition, the group provides logistics and packaging solutions, which involve the purchase and sale of products such as packaging machines and materials for wrapping, filling, and sealing. Its product portfolio comprises air and paper cushioning manufacturing machines and specialized film materials, packing tape, dispensers, and box sealing machines etc. The group has two reportable segments: packaging-related business, which derives maximum revenue, and the logistics and packaging business.
82GF Score

Get the complete analysis for TSE:7131

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円3,495.00
Price
円2,268.09
GF Value