NRILY (Nomura Research Institute) ROCE %: -32.77% (As of Mar. 2026)


NRILY Nomura Research Institute Ltd NRILY
83 GF Score
Price $27.11
GF Value $32.88
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Nomura Research Institute ROCE %?

Nomura Research Institute NRILY +3.87% 83 ROCE % is -32.77% as of Mar. 2026. GuruFocus rates NRILY with a GF Score™ of 83/100 and a GF Value™ of $32.88 (Modestly Undervalued). The stock has 3 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Nomura Research Institute's annualized ROCE % for the quarter that ended in Mar. 2026 was -32.77%.

Nomura Research Institute  (OTCPK:NRILY) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Nomura Research Institute ROCE % Related Terms

Nomura Research Institute ROCE % Historical Data

* Premium members only.

The historical data trend for Nomura Research Institute's ROCE % 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 Research Institute ROCE % Chart

Nomura Research Institute Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.27 19.11 17.38 20.09 8.93

Nomura Research Institute Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % 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 19.94 22.93 23.65 21.70 -32.77
NRILY
83GF Score
Nomura Research Institute Ltd NRILY
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Nomura Research Institute ROCE % Calculation

Nomura Research Institute's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=399.829/( ( (6229.142 - 1606.641) + (6048.504 - 1720.547) )/ 2 )
=399.829/( (4622.501+4327.957)/ 2 )
=399.829/4475.229
=8.93 %

Nomura Research Institute's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=-1503.504/( ( (6083.693 - 1236.225) + (6048.504 - 1720.547) )/ 2 )
=-1503.504/( ( 4847.468 + 4327.957 )/ 2 )
=-1503.504/4587.7125
=-32.77 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -32.77% mean?
Nomura Research Institute (NRILY) has a ROCE % of -32.77% as of Mar. 2026.
Is Nomura Research Institute's ROCE % too high?
Nomura Research Institute's current ROCE % is -32.77%. 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 ROCE % compare to IBM and ACN?
Nomura Research Institute's ROCE % of -32.77% can be compared against companies in the Software industry. The industry median ROCE % is 5.27. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Software company?
The median ROCE % among Software companies is 5.27, based on 2,713 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Software industry, the median ROCE % is 5.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nomura Research Institute's current ROCE % is -32.77%. 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 $32.88, compared to a current price of $27.11 — trading 17.5% below its estimated fair value. The current ROCE % is -32.77%. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Nomura Research Institute (NRILY), the current ROCE % is -32.77% 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 17.5% below its estimated GF Value™ of $32.88. GuruFocus considers Nomura Research Institute to be Modestly Undervalued.

Key valuation signals for NRILY:

  • ROCE %: -32.77%
  • GF Value™: $32.88 vs. price of $27.11 (17.5% below fair value)
  • GF Score™: 83/100 with 3 warning signs

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 Business Description

Address 1-9-2 Otemachi, Otemachi Financial City Grand Cube, Chiyoda-ku, Tokyo, JPN, 100-0004
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

Get the complete analysis for NRILY

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$27.11
Price
$32.88
GF Value