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Nomura Holdings (TSE:8604) Shiller PE Ratio : 18.15 (As of May. 08, 2024)


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What is Nomura Holdings Shiller PE Ratio?

As of today (2024-05-08), Nomura Holdings's current share price is 円927.80. Nomura Holdings's E10 for the quarter that ended in Mar. 2024 was 円51.11. Nomura Holdings's Shiller PE Ratio for today is 18.15.

The historical rank and industry rank for Nomura Holdings's Shiller PE Ratio or its related term are showing as below:

TSE:8604' s Shiller PE Ratio Range Over the Past 10 Years
Min: 9.14   Med: 12.82   Max: 702.64
Current: 17.15

During the past years, Nomura Holdings's highest Shiller PE Ratio was 702.64. The lowest was 9.14. And the median was 12.82.

TSE:8604's Shiller PE Ratio is ranked better than
54.16% of 469 companies
in the Capital Markets industry
Industry Median: 20.14 vs TSE:8604: 17.15

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Nomura Holdings's adjusted earnings per share data for the three months ended in Mar. 2024 was 円18.020. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is 円51.11 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nomura Holdings Shiller PE Ratio Historical Data

The historical data trend for Nomura Holdings's Shiller PE 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.

* Premium members only.

Nomura Holdings Shiller PE Ratio Chart

Nomura Holdings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.25 13.07 10.46 10.05 19.06

Nomura Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Shiller PE Ratio 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 10.05 10.96 11.88 12.53 19.06

Competitive Comparison of Nomura Holdings's Shiller PE Ratio

For the Capital Markets subindustry, Nomura Holdings's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Holdings's Shiller PE Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Nomura Holdings's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Nomura Holdings's Shiller PE Ratio falls into.



Nomura Holdings Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Nomura Holdings's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=927.80/51.11
=18.15

* 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 Holdings's E10 for the quarter that ended in Mar. 2024 is calculated as:

For example, Nomura Holdings's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=18.02/107.2000*107.2000
=18.020

Current CPI (Mar. 2024) = 107.2000.

Nomura Holdings Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201406 5.260 98.000 5.754
201409 14.150 98.500 15.400
201412 18.720 97.900 20.498
201503 22.000 97.900 24.090
201506 18.650 98.400 20.318
201509 12.630 98.500 13.746
201512 9.610 98.100 10.501
201603 -5.350 97.900 -5.858
201606 12.710 98.100 13.889
201609 16.680 98.000 18.246
201612 19.440 98.400 21.179
201703 16.890 98.100 18.457
201706 15.770 98.500 17.163
201709 14.450 98.800 15.679
201712 25.120 99.400 27.091
201803 6.760 99.200 7.305
201806 1.500 99.200 1.621
201809 41.230 99.900 44.243
201812 -28.520 99.700 -30.665
201903 0.110 99.700 0.118
201906 16.480 99.800 17.702
201909 41.230 100.100 44.154
201912 17.630 100.500 18.805
202003 -11.310 100.300 -12.088
202006 45.650 99.900 48.986
202009 21.520 99.900 23.093
202012 31.160 99.300 33.639
202103 -50.780 99.900 -54.491
202106 15.590 99.500 16.796
202109 1.010 100.100 1.082
202112 19.070 100.100 20.423
202203 9.890 101.100 10.487
202206 0.520 101.800 0.548
202209 5.410 103.100 5.625
202212 21.510 104.100 22.151
202303 2.300 104.400 2.362
202306 7.400 105.200 7.541
202309 11.210 106.200 11.316
202312 16.100 106.800 16.160
202403 18.020 107.200 18.020

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Nomura Holdings  (TSE:8604) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Nomura Holdings Shiller PE Ratio Related Terms

Thank you for viewing the detailed overview of Nomura Holdings's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Nomura Holdings (TSE:8604) Business Description

Address
13-1, Nihonbashi 1-chome, Chuo-Ku, Tokyo, JPN, 103-8645
Nomura is Japan's largest broker, about twice the size of rival Daiwa Securities and roughly three times the size of the securities units of the three megabanks. It is also the largest asset-management company in Japan, with a similar size differential compared with its rivals. Despite its topnotch brand name in retail broking and asset management in Japan, Nomura has struggled to compete effectively in the institutional securities business against larger global rivals. In 2008, Nomura bought European and Asian assets of the failed Lehman Brothers, which led to a sharply higher cost base but did not provide commensurate revenue. Nomura has reduced the scale of these businesses but maintains its ambition to compete globally with the top players.

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