WallStSmart
NMR

Nomura Holdings Inc ADR

NYSE: NMR · FINANCIAL SERVICES · CAPITAL MARKETS

$8.06
+2.94% today

Updated 2026-04-30

Market cap
$22.40B
P/E ratio
10.35
P/S ratio
0.01x
EPS (TTM)
$0.75
Dividend yield
5.30%
52W range
$5 – $10
Volume
2.1M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Nomura Holdings Inc ADR (NMR) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$8.06
Consensus
$9.35
+16.00%
2030 Target
$8,963.14
+111105.21%
DCF
—
—
1 analysts:
1 Buy1 Hold0 Sell

Management guidance

No specific CEO revenue targets found in available materials. Latest analyst consensus shows FY2026 revenue of 1.97T JPY (+4.35% growth) and FY2027 revenue of 2.01T JPY (+1.67% growth). Company reported 8 consecutive quarters of positive results with record net sales of 1.23T JPY in Q3 FY2026, indicating operational momentum but no explicit multi-year revenue guidance disclosed.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$14,938.30
$2180.0B Rev × 20x P/S
Base case (2030)
$8,963.14
$2180.0B Rev × 12x P/S
Bear case (2030)
$5,975.16
$2180.0B Rev × 8x P/S

Financial forecast — research-backed

Metric2024202520262027 (E)2028 (E)2029 (E)2030 (E)
Revenue$3973.3B$4506.6B$4758.5B$2010.0B$2050.0B$2110.0B$2180.0B
Revenue growth—13.4%5.6%2.0%2.0%2.9%3.3%
EPS$0.37$0.64$0.80$123.89$118.00$125.00$132.00
P/S ratio———12.0x12.0x12.0x12.0x
Implied price———$8,264.22$8,428.25$8,674.69$8,963.14

Catalysts & risks

Growth catalysts
+ JPMorgan upgrade to Overweight (March 2026) based on valuation gap and strategic expansions
+ S&P Global Ratings revised outlook to positive; potential for capital allocation improvements
+ Expansion in rates and FX trading units amid elevated market volatility; Laser Digital OCC charter application
+ Real estate fund expansion (Centara Grand Hotel Osaka) diversifying revenue streams
+ Strategic partnership with Silver Lake for primary trading account and capital markets blueprint
Key risks
- Crypto-related losses at Laser Digital requiring tightened risk controls; regulatory uncertainty in digital assets
- Geopolitical tensions (Iran conflict, China slowdown) impacting capital markets activity and M&A volumes
- Japan's structural economic challenges and lower growth rates compared to US financial services peers
- Competition from larger US investment banks (JPM, GS, MS) with greater scale and profitability
- Earnings compression: FY2027 EPS forecast at -3.87% despite modest revenue growth

Methodology

Nomura Holdings Inc ADR's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 1 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.