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↓Deteriorating
- High Leverage Penalty↓Deteriorating
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026· older than 90 days
Nomura Holdings Inc (NMR) Stock Analysis
Range Bound setup
Financial Services · Capital Markets
Sell if holding. Analyst target reached at $9.47 — A.R:R is negative (-0.8) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: 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
Sell if holding. Analyst target reached at $9.47 — A.R:R is negative (-0.8) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Leverage penalty (D/E 9.5): -1.5. Chart setup: RSI 58 mid-range, Bollinger mid-band. Score 5.9/10, moderate confidence.
Passes 7/9 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, earnings proximity 86d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.
Recent developments
updated Oct 28, 2026Recent Developments — Nomura Holdings Inc
Latest news
- NEWS Nomura: Fiscal Q2 Earnings Snapshot - Yahoo Finance — Yahoo Finance Oct 28, 2026 neutral
- NEWS Nomura Holdings Inc (NMR) Q2 2027 Earnings Call Highlights: Strong ROE and Record Recurring ... - Yahoo Finance — Yahoo Finance Oct 28, 2026 positive
- NEWS Nomura Holdings Q2 2027 Earnings Call Transcript - Benzinga — Benzinga Oct 28, 2026 neutral
- NEWS Nomura Fiscal Q2 Earnings, Revenue Rise - Yahoo Finance — Yahoo Finance Oct 28, 2026 positive
- NEWS Nomura Q2 profit rises 13% on wealth management strength - Yahoo Finance — Yahoo Finance Oct 28, 2026 positive
Latest item Oct 28, 2026 · Generated 2026-11-04T11:44:36Z.
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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
10 dimensions · all in-band
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Analyst target reached at $9.47 — A.R:R is negative (-0.8) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Leverage penalty (D/E 9.5): -1.5. Chart setup: RSI 58 mid-range, Bollinger mid-band. Prior stop was $9.09. Score 5.9/10, moderate confidence.
Analyst target $9.05 reached (−4.5% from $9.47); no take-profit level is published. Prior stop was $9.09. Stop-loss: $9.09.
Analyst target reached - limited upside remaining; Leverage penalty (D/E 9.5): -1.5; Consecutive earnings misses (2).
Nomura Holdings Inc trades at a P/E of 11.0 (forward 16.9). TrendMatrix value score: 6.9/10. Verdict: Sell.
13 analysts rate NMR, with a consensus score of 3.8/5. 1 analysts publish price targets averaging $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.