Nomura Holdings trades at an attractive forward P/E of 15.7x with strong 28% revenue growth and superior peer-relative valuation, but three consecutive earnings misses and a price already above analyst consensus make the risk-reward unfavorable at current levels.
Thesis pillars
- Consecutive Earnings Misses→Stable
- Strong Revenue Growth→Stable
- High Leverage Penalty→Stable
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026
Nomura Holdings Inc (NMR) Stock Analysis
Financial Services · Capital Markets
Hold if already holding. Not a fresh buy at $9.12, but acceptable to hold if already in. Reasons: Thin upside margin: 4.6%; Leverage penalty (D/E 9.5): -1.5.
Nomura Holdings, Inc. engages in the provision of investment, financing, and related services to individual, institutional, and government clients worldwide. It operates through three segments: Wealth Management, Investment Management, and Wholesale. The Wealth Management... Read more
Hold if already holding. Not a fresh buy at $9.12, but acceptable to hold if already in. Reasons: Thin upside margin: 4.6%; Leverage penalty (D/E 9.5): -1.5. Chart setup: No clear chart pattern; technical signals are mixed. Maintain position. Not compelling to add more. Score 6.8/10, moderate confidence.
Passes 7/8 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, earnings proximity no date, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.
Recent developments
updated 2026-10-29Recent Developments — Nomura Holdings Inc
Latest news
- NEWS Nomura Holdings, Inc. 2027 Q1 - Results - Earnings Call Presentation (NYSE:NMR) 2026-07-29 - Seeking Alpha — Seeking Alpha neutral
- NEWS NMR|Nomura Holdings Inc|Price:9.630|Chg%:-0.160 - TradingKey — TradingKey neutral
- NEWS Nomura: Fiscal Q2 Earnings Snapshot - Yahoo Finance — Yahoo Finance neutral
- NEWS Nomura Holdings Inc (NMR) Q2 2027 Earnings Call Highlights: Strong ROE and Record Recurring ... - Yahoo Finance — Yahoo Finance positive
- NEWS Nomura Holdings Q2 2027 Earnings Call Transcript - Benzinga — Benzinga neutral
Generated 2026-10-29T11:14:34Z.
Upcoming dated catalysts
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Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
1 ceiling hit
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $9.12, but acceptable to hold if already in. Reasons: Thin upside margin: 4.6%; Leverage penalty (D/E 9.5): -1.5. Chart setup: No clear chart pattern; technical signals are mixed. Maintain position. Not compelling to add more. Analyst target $9.54 (+4.6%), stop $8.74 (−4.3%), A.R:R 0.9:1. Score 6.8/10, moderate confidence.
Analyst target: $9.54 (+4.6% upside). Analyst target $9.54 (+4.6%), stop $8.74 (−4.3%), A.R:R 0.9:1. Stop-loss: $8.74.
Thin upside margin: 4.6%; Leverage penalty (D/E 9.5): -1.5; Consecutive earnings misses (2).
Nomura Holdings Inc trades at a P/E of 10.6 (forward 16.3). TrendMatrix value score: 7.0/10. Verdict: Hold.
13 analysts cover NMR with a consensus score of 3.8/5. Average price target: $11.
What does Nomura Holdings Inc do?Nomura Holdings, Inc. engages in the provision of investment, financing, and related services to individual,...
Nomura Holdings, Inc. engages in the provision of investment, financing, and related services to individual, institutional, and government clients worldwide. It operates through three segments: Wealth Management, Investment Management, and Wholesale. The Wealth Management segment offers asset management services. The Investment Management segment provides investment management services and investment solutions, such as establishing and managing investment trusts, discretionary investment services, investment and management for investment vehicles, funds for institutional investors, and management of silent partnerships. The Wholesale segment is involved in the sales and trading of debt and equity securities, foreign exchange; offers investment banking services, including underwriting and distribution of debt and equity securities, mergers and acquisitions, and financial advisory services. Nomura Holdings, Inc. was incorporated in 1925 and is headquartered in Tokyo, Japan.