Valuation dashboard for Northern Trust Corporation (NTRS) with P/E 13.26, P/B 2.30, EV/EBITDA 0.3 and dividend yield 1.94%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Financial Services companies.
Northern Trust Corporation, a financial holding company established in 1889 and based in Chicago, Illinois, offers a comprehensive suite of wealth management, asset servicing, asset management, and banking solutions worldwide. Its diverse client base includes corporations, institutions, families, and individual investors. The company structures its operations across two primary segments: Asset Servicing and Wealth Management.
What would it be worth at its usual multiples?
Versus its usual multiples: fairly priced · Current P/E 13.3× · Multiples range: $164.73 · $185.21.
At the decade median (14.5×) $185 (+9 %); at its sector median (12.9×) $165 (-3 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
Analysis Summary
Northern Trust Corporation reported revenue of $14.30B in the most recent fiscal year, growing at a 5-year CAGR of 17.8%. Net income reached $1.74B, with a 7.5% 5-year CAGR.
Trailing-twelve-month margins: gross margin 60.9%, operating margin 20.8%, net margin 15.9%.
At $169.16 (closing price, October 30, 2026), NTRS trades at a P/E of 13.26 and an ROE of 18.41%. Market capitalisation stands at $30.9B, placing it among large-cap names.
Balance sheet quality for NTRS: debt-to-equity ratio of 1.19, current ratio of 0.77 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Long-term track record: over the past decade, NTRS has compounded revenue at 11.6% annually and net income at 6.0%. This decade-long view smooths out cyclical fluctuations and reveals the underlying business momentum more reliably than single-year snapshots.
Valuation Ratios
| P/E Ratio | 13.26 |
| Price / Book | 2.30 |
| EV / EBITDA | 0.3 |
| Dividend Yield | 1.94% |
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| NTRS | Northern Trust Corporation | $30.9B | 13.26 | 2.30 | 18.4% |
| PFG | Principal Financial Group, Inc. | $23.9B | 12.40 | 2.05 | 16.5% |
| AMP | Ameriprise Financial, Inc. | $43.4B | 11.04 | 8.67 | 68.7% |
| TROW | T. Rowe Price Group, Inc. | $22.2B | 10.51 | 1.95 | 19.9% |
| SEIC | SEI Investments Company | $12.3B | 17.99 | 4.87 | 28.7% |
| BLK | BlackRock, Inc. | $177.7B | 26.09 | 2.75 | 11.8% |
| STT | State Street Corporation | $46.3B | 13.87 | 1.62 | 13.1% |
| AMG | Affiliated Managers Group, Inc. | $9.9B | 13.22 | 3.32 | 26.9% |
Price
| Price | $169.16 (closing price, October 30, 2026) |
| Market Cap | $30.9B |
| Exchange | NASDAQ |
| Country | US |
Profitability
| Return on Equity | 18.41% |
| Return on Invested Capital | 6.90% |
| Return on Assets | 1.45% |
| Gross Margin | 60.93% |
| Operating Margin | 20.83% |
| Net Margin | 15.86% |
Related companies: PFG · AMP · TROW · SEIC · BLK · STT · AMG · BNY
Explore sector: Financial Services · Asset Management
More sections of NTRS: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events
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