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10-Year Return on Invested Incremental Capital (10-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 10-year.
Nomura Research Institute's 10-Year ROIIC % for the quarter that ended in Mar. 2026 was -10.97%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Nomura Research Institute's 10-Year ROIIC % or its related term are showing as below:
NURAF's 10-Year ROIIC % is ranked worse than 74.05% of 2123
companies
in the Software industry
Industry Median: 4.2
vs NURAF: -10.97
Nomura Research Institute (OTCPK:NURAF) 10-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Nomura Research Institute 10-Year ROIIC % Related Terms
Nomura Research Institute 10-Year ROIIC % Historical 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.
NURAF vs IBM, ACN, FISV: 10-Year ROIIC % Comparison
For the Information Technology Services subindustry, Nomura Research Institute's 10-Year ROIIC %, along with its competitors' market caps and 10-Year ROIIC % 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 10-Year ROIIC % vs Software Industry
For the Software industry and Technology sector, Nomura Research Institute's 10-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Nomura Research Institute's 10-Year ROIIC % 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.
** Annual data of NOPAT and Invested Capital was used to calculate 10-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Nomura Research Institute (NURAF) has a 10-Year ROIIC % of -10.97 as of Mar. 2026. 10-Year ROIIC % measures the change in earnings as a percentage of change in investment over 10-year. View historical data on Nomura Research Institute and its competitors. According to the industry distribution chart, Nomura Research Institute ranks #1572 out of 2123 companies in the Software industry, placing it in the top 74%.
Is Nomura Research Institute's 10-Year ROIIC % too high?
Nomura Research Institute's current 10-Year ROIIC % is -10.97. Based on the distribution chart, Nomura Research Institute ranks #1572 out of 2123 companies in the Software industry, which is below the industry midpoint. Overall, Nomura Research Institute has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nomura Research Institute's 10-Year ROIIC % compare to IBM and ACN?
According to the Software industry distribution chart, Nomura Research Institute ranks #1572 out of 2123 companies for 10-Year ROIIC %. This places Nomura Research Institute in the lower half of its industry. The industry median 10-Year ROIIC % is 4.20. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 10-Year ROIIC % for a Software company?
The median 10-Year ROIIC % among Software companies is 4.20, based on 2,123 companies in the industry. Companies in the top quartile (top 25%) have a 10-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 10-Year ROIIC % 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 10-Year ROIIC % mean?
A high 10-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 10-Year ROIIC % measures the change in earnings as a percentage of change in investment over 10-year. View historical data on Nomura Research Institute and its competitors. For the Software industry, the median 10-Year ROIIC % is 4.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nomura Research Institute's current 10-Year ROIIC % is -10.97. 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 (NURAF) is currently considered Fairly Valued. The stock's GF Value™ is $30.66, compared to a current price of $30.95 — trading 0.9% above its estimated fair value. The current 10-Year ROIIC % is -10.97. Nomura Research Institute's overall GF Score™ is 88/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 10-Year ROIIC % calculated?
10-Year ROIIC % is calculated from a company's financial statements. For Nomura Research Institute (NURAF), the current 10-Year ROIIC % is -10.97 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 (NURAF) Overvalued in 2026?
Based on GuruFocus' analysis, Nomura Research Institute stock appears to be overvalued.
The current stock price of $30.95 is trading 0.9% above its estimated GF Value™ of $30.66.
GuruFocus considers Nomura Research Institute to be Fairly Valued.
Key valuation signals for NURAF:
10-Year ROIIC %: -10.97
GF Value™: $30.66 vs. price of $30.95 (0.9% above fair value)
No single metric tells the full story. See the NURAF 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.
88GF Score
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