We do not publish a verdict for Circle Internet Group Inc (CRCL) and Nomura Holdings Inc ADR (NMR) is undervalued.
We publish an intrinsic value for NMR but not for CRCL, so the two cannot be ranked on price.
Values as of the 22 Sept 2026 close.
We do not publish a value for this company: it has no growth history of its own to project.
Leak Score 13/100 on 3 of 12 signals
Discounting its cash flows at 5.7% values the shares at $22.48; the price of $9.96 is 56% below that value, and 88% of that value comes from beyond year five.
Leak Score 41/100 on 3 of 12 signals
| Metric | CRCL | NMR |
|---|---|---|
| Verdict | Not valued | Undervalued |
| Price | $94.59 | $9.96 |
| Intrinsic value | — | $22.48 |
| Margin of safety | — | +56% |
| Leak Score | 13/100 (3/12) | 41/100 (3/12) |
| Market cap | $24.0B | $29.1B |
| Revenue growth, 5 years | — | 15.7% |
| Operating margin | 8.3% | 11.9% |
| Net margin | 15.5% | 8.1% |
| Return on equity | 15.3% | 10.9% |
| Debt to equity | 0.00 | 10.19 |
| P/E | 56.9x | 11.6x |
| Forward P/E | 66.5x | 10.4x |
| P/B | 6.8x | 1.2x |
| Dividend yield | — | 3.9% |