Robinhood Markets Inc (HOOD) is overvalued and Nomura Holdings Inc ADR (NMR) is undervalued.
Against our estimates of intrinsic value, NMR trades at the wider discount: a margin of safety of +56%, against -58% for HOOD.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 13.0% values the shares at $78.51; the price of $124.25 is 58% above that value.
Leak Score 57/100 on 5 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 | HOOD | NMR |
|---|---|---|
| Verdict | Overvalued | Undervalued |
| Price | $124.25 | $9.96 |
| Intrinsic value | $78.51 | $22.48 |
| Margin of safety | -58% | +56% |
| Leak Score | 57/100 (5/12) | 41/100 (3/12) |
| Market cap | $111.7B | $29.1B |
| Revenue growth, 5 years | 36.3% | 15.7% |
| Operating margin | 44.2% | 11.9% |
| Net margin | 41.4% | 8.1% |
| Return on equity | 23.6% | 10.9% |
| Debt to equity | 2.92 | 10.19 |
| P/E | 55.0x | 11.6x |
| Forward P/E | 42.8x | 10.4x |
| P/B | 11.8x | 1.2x |
| Dividend yield | — | 3.9% |