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Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
NOMURA Co's Sloan Ratio for the quarter that ended in Feb. 2026 was 0.00%.
As of Feb. 2026, NOMURA Co has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Feb. 2026, NOMURA Co has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
NOMURA Co Sloan Ratio % Related Terms
NOMURA Co Sloan Ratio % Historical Data
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The historical data trend for NOMURA Co's Sloan Ratio % 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.
TSE:9716 vs PWR, FIX, EME: Sloan Ratio % Comparison
For the Engineering & Construction subindustry, NOMURA Co's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % 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 Co Sloan Ratio % vs Construction Industry
For the Construction industry and Industrials sector, NOMURA Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where NOMURA Co's Sloan Ratio % falls into.
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
NOMURA Co's Sloan Ratio for the fiscal year that ended in Feb. 2026 is calculated as
NOMURA Co's Net Income for the trailing twelve months (TTM) ended in Feb. 2026 was 3024 (May. 2025 ) + 1418 (Aug. 2025 ) + 2078 (Nov. 2025 ) + 2614 (Feb. 2026 ) = 円9,134 Mil.
NOMURA Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Feb. 2026 was 0 (May. 2025 ) + 0 (Aug. 2025 ) + 0 (Nov. 2025 ) + 0 (Feb. 2026 ) = 円0 Mil.
NOMURA Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Feb. 2026 was 0 (May. 2025 ) + 0 (Aug. 2025 ) + 0 (Nov. 2025 ) + 0 (Feb. 2026 ) = 円0 Mil.
* 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 Co (TSE:9716) has a Sloan Ratio % of 0.00% as of Feb. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on NOMURA Co and its competitors.
Is NOMURA Co's Sloan Ratio % too high?
NOMURA Co's current Sloan Ratio % is 0.00%. Overall, NOMURA Co has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NOMURA Co's Sloan Ratio % compare to PWR and FIX?
NOMURA Co's Sloan Ratio % of 0.00% can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for a Construction company?
A good Sloan Ratio % depends on the Construction industry context. However, Sloan Ratio % 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 Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on NOMURA Co and its competitors. NOMURA Co's current Sloan Ratio % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NOMURA Co stock overvalued right now?
Based on GuruFocus' analysis, NOMURA Co (TSE:9716) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,111.41, compared to a current price of 円1,283.00 — trading 15.4% above its estimated fair value. The current Sloan Ratio % is 0.00%. NOMURA Co's overall GF Score™ is 85/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For NOMURA Co (TSE:9716), the current Sloan Ratio % is 0.00% as of Feb. 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 Co (TSE:9716) Overvalued in 2026?
Based on GuruFocus' analysis, NOMURA Co stock appears to be overvalued.
The current stock price of 円1,283.00 is trading 15.4% above its estimated GF Value™ of 円1,111.41.
GuruFocus considers NOMURA Co to be Modestly Overvalued.
Key valuation signals for TSE:9716:
Sloan Ratio %: 0.00%
GF Value™: 円1,111.41 vs. price of 円1,283.00 (15.4% above fair value)
No single metric tells the full story. See the TSE:9716 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NOMURA Co Ltd is a Japan-based company that is mainly engaged in the display business. The company provides consultancy, planning, designing, layout, creation, and construction services to help facilities attract visitors. In addition, it provides revitalization, operation, and management services for facilities and events. The facilities and event types that Nomura serves comprise retail shops, restaurants, medical facilities, department stores, commercial complexes, showrooms, company museums, museums, archives, art galleries, hotels, wedding halls, theme parks, amusement parks, sports facilities, sales promotion exhibitions and campaigns, expos, trade fairs, conference events, and so on. The company generates most of its sales from the Japanese domestic market.
85GF Score
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Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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