ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Nomura Real Estate Holdings's annualizedNet Income for the quarter that ended in Mar. 2026 was 円159,760 Mil.
Nomura Real Estate Holdings's average Total Assets over the quarter that ended in Mar. 2026 was 円2,826,471 Mil. Therefore, Nomura Real Estate Holdings's annualized ROA % for the quarter that ended in Mar. 2026 was 5.65%.
The historical rank and industry rank for Nomura Real Estate Holdings's ROA % or its related term are showing as below:
TSE:3231'
s ROA % Range Over the Past 10 Years
Min: 2.27 Med: 2.92 Max: 3.13
Current: 3.01
During the past 13 years, Nomura Real Estate Holdings's highest ROA % was 3.13%. The lowest was 2.27%. And the median was 2.92%.
TSE:3231's ROA % is ranked better than 63.47% of 1804
companies
in the Real Estate industry
Industry Median: 1.7
vs TSE:3231: 3.01
Nomura Real Estate Holdings (TSE:3231) 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 Real Estate Services subindustry, Nomura Real Estate Holdings'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 Real Estate Holdings ROA % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Nomura Real Estate Holdings's ROA % distribution charts can be found below:
* The bar in red indicates where Nomura Real Estate Holdings'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 Real Estate Holdings (TSE:3231) has a ROA % of 5.65% 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 Real Estate Holdings and its competitors. This is 93% above median its historical median of 2.92. Over the past decade, Nomura Real Estate Holdings' ROA % has ranged from 2.27 to 3.13. According to the industry distribution chart, Nomura Real Estate Holdings ranks #659 out of 1804 companies in the Real Estate industry, placing it in the top 36.5%.
Is Nomura Real Estate Holdings' ROA % too high?
Nomura Real Estate Holdings' current ROA % of 5.65% is 93% above median its 10-year median of 2.92. Over the past 10 years, this metric has ranged from a low of 2.27 to a high of 3.13. The Real Estate industry median ROA % is 1.70. Nomura Real Estate Holdings' value of 5.65% is 232.4% above this industry median. Based on the distribution chart, Nomura Real Estate Holdings ranks #659 out of 1804 companies in the Real Estate industry, which is above the industry midpoint. Overall, Nomura Real Estate Holdings has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nomura Real Estate Holdings' ROA % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Nomura Real Estate Holdings ranks #659 out of 1804 companies for ROA %. This puts Nomura Real Estate Holdings in the upper half of its industry. The industry median ROA % is 1.70. Nomura Real Estate Holdings' value of 5.65% is 232.4% above this benchmark. Historically, Nomura Real Estate Holdings' own ROA % has ranged from 2.27 to 3.13 over the past decade. While the company's 10-year median is 2.92 vs. the industry median of 1.70, 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 ROA % for a Real Estate company?
The median ROA % among Real Estate companies is 1.70, based on 1,804 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. Nomura Real Estate Holdings's current ROA % of 5.65% is 232.4% 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 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 Real Estate Holdings and its competitors. For the Real Estate industry, the median ROA % is 1.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nomura Real Estate Holdings's current ROA % is 5.65%, which is 93% above median its own 10-year median of 2.92. 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1,084.03, compared to a current price of 円926.00 — trading 14.6% below its estimated fair value. The current ROA % is 5.65%, which is 93% above median its 10-year median of 2.92 and 232.4% above the Real Estate industry median of 1.70. Nomura Real Estate Holdings' overall GF Score™ is 82/100 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 Real Estate Holdings (TSE:3231), the current ROA % is 5.65% 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926.00 is trading 14.6% below its estimated GF Value™ of 円1,084.03.
GuruFocus considers Nomura Real Estate Holdings to be Modestly Undervalued.
Key valuation signals for TSE:3231:
ROA %: 5.65% (93% above median its 10-year median of 2.92)
GF Value™: 円1,084.03 vs. price of 円926.00 (14.6% below fair value)
Industry Position: 232.4% above the Real Estate median (#659 of 1804)
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 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.
82GF Score
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