Obermatt

Nomura Real Estate Holdings

TYO:3231 · JP3762900003
Real Estate Management & DevelopmentX-Large

360

38
EV / EBIT66
Price / Owner Earnings35
Owner Earnings Yield25
Dividend Yield77
Price/Sales86
EV / Gross Profit86
Price/Book64
Return on Capital61
Cash Return on Capital22
Return on Equity61
EBIT Margin23
Gross Profitability79
Cash Conversion32
Accruals50
Owner Earnings Margin29
Sales growth63
Profit Growth94
Long-Term EPS Growth72
Reinvestment97
Price momentum53
Debt load6
Refinancing94
Debt Payback8
Liquidity58
Analyst ratings39
Opinion Changes50
Price Target Upside47
Market mood88
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Nomura Real Estate Holdings clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryJapan
IndustryReal Estate Management & Development
SizeX-Large
TypePublic Company
ExchangeTSE
Founded2004
Employees40
ISINJP3762900003
Last UpdateApr 2, 2026
Index & Theme
Real Estate TechnologyConstructionConsultingReal Estate

Description

Nomura Real Estate Holdings, Inc. operates primarily in the real estate sector and engages in various aspects of residential, commercial, and overseas property management. Business Segments The company is structured into several key business segmen…

Analysis

Middle-of-the-road

Nomura Real Estate Holdings, Inc. sits in the middle of our grid: average quality, average price, no obvious signal in either direction.

On valuation, the picture is fair. The owner-earnings multiple stands at 17.4×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 4% a year, against analyst forecasts of 6%. The price, in other words, assumes less than the experts do.

Growth is moderate; the safety picture is stretched. The company scores 12/20 on our value-creation score: creating some value.

Flags to be aware of: Some accounting patterns deserve a closer look. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
100
2023202420252026

All-time high

100

Jun 2026

All-time low

51

Mar 2026

Average rank

85

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
86
91
87
91
Price/Earnings
87
79
73
74
Price/Book
64
67
67
84
Dividend Yield
77
60
54
60
Value (overall)
95
93
80
95

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →