Nomura Real Estate Holdings (TSE:3231) ROCE %: 11.28% (As of Mar. 2026)


TSE:3231 Nomura Real Estate Holdings Inc TSE:3231
82 GF Score
Price 円926.00
GF Value 円1,084.03
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Nomura Real Estate Holdings ROCE %?

Nomura Real Estate Holdings TSE:3231 +1.39% 82 ROCE % is 11.28% as of Mar. 2026. GuruFocus rates TSE:3231 with a GF Score™ of 82/100 and a GF Value™ of 円1,084.03 (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 Real Estate Holdings's annualized ROCE % for the quarter that ended in Mar. 2026 was 11.28%.

Nomura Real Estate Holdings  (TSE:3231) 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 Real Estate Holdings ROCE % Related Terms

Nomura Real Estate Holdings ROCE % Historical Data

* Premium members only.

The historical data trend for Nomura Real Estate Holdings'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 Real Estate Holdings ROCE % Chart

Nomura Real Estate Holdings 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 5.39 5.67 5.98 6.00 5.78

Nomura Real Estate Holdings 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 4.22 7.08 2.79 1.89 11.28
TSE:3231
82GF Score
Nomura Real Estate Holdings Inc TSE:3231
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Nomura Real Estate Holdings ROCE % Calculation

Nomura Real Estate Holdings'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 )
=128334/( ( (2686569 - 600622) + (2811989 - 457202) )/ 2 )
=128334/( (2085947+2354787)/ 2 )
=128334/2220367
=5.78 %

Nomura Real Estate Holdings'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 )
=261124/( ( (2840953 - 566326) + (2811989 - 457202) )/ 2 )
=261124/( ( 2274627 + 2354787 )/ 2 )
=261124/2314707
=11.28 %

(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 11.28% mean?
Nomura Real Estate Holdings (TSE:3231) has a ROCE % of 11.28% as of Mar. 2026.
Is Nomura Real Estate Holdings' ROCE % too high?
Nomura Real Estate Holdings' current ROCE % is 11.28%. The Real Estate industry median ROCE % is 4.66. Nomura Real Estate Holdings' value of 11.28% is 142.1% above this industry median. 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' ROCE % compare to CBRE and BEKE?
Nomura Real Estate Holdings' ROCE % of 11.28% can be compared against companies in the Real Estate industry. The industry median ROCE % is 4.66. Nomura Real Estate Holdings' value of 11.28% is 142.1% above this benchmark. 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 Real Estate company?
The median ROCE % among Real Estate companies is 4.66, based on 1,757 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. Nomura Real Estate Holdings's current ROCE % of 11.28% is 142.1% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Real Estate industry, the median ROCE % is 4.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nomura Real Estate Holdings's current ROCE % is 11.28%. 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 ROCE % is 11.28% and 142.1% above the Real Estate industry median of 4.66. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Nomura Real Estate Holdings (TSE:3231), the current ROCE % is 11.28% 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:

  • ROCE %: 11.28%
  • GF Value™: 円1,084.03 vs. price of 円926.00 (14.6% below fair value)
  • GF Score™: 82/100 with 3 warning signs
  • Industry Position: 142.1% above the Real Estate median

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 Business Description

Other Exchanges NMEHF:USA
Address 2-26 Nishi-Shinjuku 1-chome, Shinjuku Nomura Building, Shinjuku-ku, Tokyo, JPN, 163-0566
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

Get the complete analysis for TSE:3231

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

円926.00
Price
円1,084.03
GF Value