The historical rank and industry rank for Nomura Real Estate Holdings's ROE % or its related term are showing as below:
TSE:3231'
s ROE % Range Over the Past 10 Years
Min: 7.42 Med: 9.72 Max: 10.92
Current: 10.92
During the past 13 years, Nomura Real Estate Holdings's highest ROE % was 10.92%. The lowest was 7.42%. And the median was 9.72%.
TSE:3231's ROE % is ranked better than 76.39% of 1732
companies
in the Real Estate industry
Industry Median: 3.97
vs TSE:3231: 10.92
Nomura Real Estate Holdings (TSE:3231) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
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. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.
* 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 ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Nomura Real Estate Holdings's ROE % distribution charts can be found below:
* The bar in red indicates where Nomura Real Estate Holdings's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder equity 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.
ROE % is displayed in the 30-year financial page.
Nomura Real Estate Holdings (TSE:3231) has a ROE % of 20.64% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Nomura Real Estate Holdings and its competitors. This is 112% above median its historical median of 9.72. Over the past decade, Nomura Real Estate Holdings' ROE % has ranged from 7.42 to 10.92. According to the industry distribution chart, Nomura Real Estate Holdings ranks #409 out of 1732 companies in the Real Estate industry, placing it in the top 23.6%.
Is Nomura Real Estate Holdings' ROE % too high?
Nomura Real Estate Holdings' current ROE % of 20.64% is 112% above median its 10-year median of 9.72. Over the past 10 years, this metric has ranged from a low of 7.42 to a high of 10.92. The Real Estate industry median ROE % is 3.97. Nomura Real Estate Holdings' value of 20.64% is 419.9% above this industry median. Based on the distribution chart, Nomura Real Estate Holdings ranks #409 out of 1732 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. 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' ROE % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Nomura Real Estate Holdings ranks #409 out of 1732 companies for ROE %. This places Nomura Real Estate Holdings in the top 24% of its industry — outperforming the majority of peers. The industry median ROE % is 3.97. Nomura Real Estate Holdings' value of 20.64% is 419.9% above this benchmark. Historically, Nomura Real Estate Holdings' own ROE % has ranged from 7.42 to 10.92 over the past decade. While the company's 10-year median is 9.72 vs. the industry median of 3.97, 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 ROE % for a Real Estate company?
The median ROE % among Real Estate companies is 3.97, based on 1,732 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nomura Real Estate Holdings's current ROE % of 20.64% is 419.9% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Nomura Real Estate Holdings and its competitors. For the Real Estate industry, the median ROE % is 3.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nomura Real Estate Holdings's current ROE % is 20.64%, which is 112% above median its own 10-year median of 9.72. 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 ROE % is 20.64%, which is 112% above median its 10-year median of 9.72 and 419.9% above the Real Estate industry median of 3.97. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Nomura Real Estate Holdings (TSE:3231), the current ROE % is 20.64% 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:
ROE %: 20.64% (112% above median its 10-year median of 9.72)
GF Value™: 円1,084.03 vs. price of 円926.00 (14.6% below fair value)
Industry Position: 419.9% above the Real Estate median (#409 of 1732)
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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