ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Nomura Research Institute's annualizedNet Income for the quarter that ended in Mar. 2026 was $-1,713 Mil.
Nomura Research Institute's average Total Assets over the quarter that ended in Mar. 2026 was $6,066 Mil. Therefore, Nomura Research Institute's annualized ROA % for the quarter that ended in Mar. 2026 was -28.23%.
The historical rank and industry rank for Nomura Research Institute's ROA % or its related term are showing as below:
NRILY'
s ROA % Range Over the Past 10 Years
Min: 1.6 Med: 8.86 Max: 10.13
Current: 1.6
During the past 13 years, Nomura Research Institute's highest ROA % was 10.13%. The lowest was 1.60%. And the median was 8.86%.
NRILY's ROA % is ranked worse than 50.43% of 2885
companies
in the Software industry
Industry Median: 1.68
vs NRILY: 1.60
Nomura Research Institute (OTCPK:NRILY) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % 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 ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
* 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 ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Software Industry
For the Software industry and Technology sector, Nomura Research Institute's ROA % distribution charts can be found below:
* The bar in red indicates where Nomura Research Institute's ROA % 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 ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Nomura Research Institute (NRILY) has a ROA % of -28.23% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Nomura Research Institute and its competitors. Over the past decade, Nomura Research Institute's ROA % has ranged from 1.60 to 10.13. According to the industry distribution chart, Nomura Research Institute ranks #1455 out of 2885 companies in the Software industry, placing it in the top 50.4%.
Is Nomura Research Institute's ROA % too high?
Nomura Research Institute's current ROA % is -28.23%. Over the past 10 years, this metric has ranged from a low of 1.60 to a high of 10.13. Based on the distribution chart, Nomura Research Institute ranks #1455 out of 2885 companies in the Software industry, which is below the industry midpoint. Overall, Nomura Research Institute has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nomura Research Institute's ROA % compare to IBM and ACN?
According to the Software industry distribution chart, Nomura Research Institute ranks #1455 out of 2885 companies for ROA %. This places Nomura Research Institute in the lower half of its industry. The industry median ROA % is 1.68. Historically, Nomura Research Institute's own ROA % has ranged from 1.60 to 10.13 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for a Software company?
The median ROA % among Software companies is 1.68, based on 2,885 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Nomura Research Institute and its competitors. For the Software industry, the median ROA % is 1.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nomura Research Institute's current ROA % is -28.23%. 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 (NRILY) is currently considered Modestly Undervalued. The stock's GF Value™ is $32.42, compared to a current price of $27.11 — trading 16.4% below its estimated fair value. The current ROA % is -28.23%. Nomura Research Institute's overall GF Score™ is 83/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Nomura Research Institute (NRILY), the current ROA % is -28.23% 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 Research Institute (NRILY) Overvalued in 2026?
Based on GuruFocus' analysis, Nomura Research Institute stock appears to be undervalued.
The current stock price of $27.11 is trading 16.4% below its estimated GF Value™ of $32.42.
GuruFocus considers Nomura Research Institute to be Modestly Undervalued.
Key valuation signals for NRILY:
ROA %: -28.23%
GF Value™: $32.42 vs. price of $27.11 (16.4% below fair value)
No single metric tells the full story. See the NRILY 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.
83GF Score
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