Northern Trust Corporation

NasdaqGS:NTRS Stock Report

Market Cap: US$20.3b

Northern Trust Valuation

Is NTRS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NTRS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NTRS ($101.46) is trading below our estimate of fair value ($114.29)

Significantly Below Fair Value: NTRS is trading below fair value, but not by a significant amount.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for NTRS?

Other financial metrics that can be useful for relative valuation.

NTRS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio-1.3x

Price to Earnings Ratio vs Peers

How does NTRS's PE Ratio compare to its peers?

The above table shows the PE ratio for NTRS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.8x
STT State Street
14.4x13.2%US$27.7b
TROW T. Rowe Price Group
13.1x0.6%US$25.0b
BEN Franklin Resources
13.5x7.8%US$10.9b
SEIC SEI Investments
18x6.4%US$9.8b
NTRS Northern Trust
12.3x-9.7%US$20.3b

Price-To-Earnings vs Peers: NTRS is good value based on its Price-To-Earnings Ratio (12.3x) compared to the peer average (14.8x).


Price to Earnings Ratio vs Industry

How does NTRS's PE Ratio compare vs other companies in the US Capital Markets Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a14.1%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a14.1%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: NTRS is good value based on its Price-To-Earnings Ratio (12.3x) compared to the US Capital Markets industry average (23.2x).


Price to Earnings Ratio vs Fair Ratio

What is NTRS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NTRS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.3x
Fair PE Ratio13.5x

Price-To-Earnings vs Fair Ratio: NTRS is good value based on its Price-To-Earnings Ratio (12.3x) compared to the estimated Fair Price-To-Earnings Ratio (13.5x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NTRS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$101.46
US$102.50
+1.0%
7.6%US$115.00US$84.00n/a14
Oct ’25US$88.72
US$91.61
+3.3%
6.4%US$102.00US$82.00n/a14
Sep ’25US$91.21
US$90.70
-0.6%
6.7%US$104.00US$84.00n/a15
Aug ’25US$86.89
US$90.90
+4.6%
6.6%US$104.00US$84.00n/a15
Jul ’25US$83.83
US$90.80
+8.3%
6.7%US$103.00US$83.00n/a15
Jun ’25US$84.24
US$91.93
+9.1%
6.1%US$103.00US$83.00n/a15
May ’25US$83.05
US$91.93
+10.7%
5.8%US$103.00US$85.00n/a15
Apr ’25US$88.44
US$89.60
+1.3%
5.5%US$99.00US$80.00n/a15
Mar ’25US$82.66
US$88.27
+6.8%
5.8%US$99.00US$82.00n/a15
Feb ’25US$79.30
US$87.87
+10.8%
6.0%US$99.00US$80.00n/a15
Jan ’25US$84.38
US$78.97
-6.4%
9.0%US$91.00US$68.00n/a15
Dec ’24US$80.28
US$75.40
-6.1%
9.0%US$90.00US$65.00n/a15
Nov ’24US$66.88
US$75.64
+13.1%
9.4%US$90.00US$65.00n/a14
Oct ’24US$69.48
US$83.19
+19.7%
8.8%US$94.00US$69.00US$88.7213
Sep ’24US$77.29
US$85.32
+10.4%
9.0%US$100.00US$73.00US$91.2114
Aug ’24US$80.22
US$85.32
+6.4%
9.0%US$100.00US$73.00US$86.8914
Jul ’24US$74.14
US$84.82
+14.4%
10.2%US$100.00US$70.00US$83.8314
Jun ’24US$73.04
US$86.61
+18.6%
10.9%US$107.00US$72.00US$84.2414
May ’24US$77.03
US$88.82
+15.3%
10.1%US$107.00US$77.00US$83.0514
Apr ’24US$88.13
US$97.47
+10.6%
10.3%US$118.00US$84.00US$88.4415
Mar ’24US$94.42
US$98.13
+3.9%
9.7%US$118.00US$84.00US$82.6615
Feb ’24US$96.75
US$97.67
+0.9%
10.0%US$118.00US$84.00US$79.3015
Jan ’24US$88.49
US$99.47
+12.4%
9.8%US$115.00US$84.00US$84.3815
Dec ’23US$93.63
US$97.93
+4.6%
11.6%US$121.00US$84.00US$80.2815
Nov ’23US$84.72
US$96.70
+14.1%
12.9%US$121.00US$80.00US$66.8815
Oct ’23US$85.56
US$112.33
+31.3%
8.1%US$128.00US$99.00US$69.4815

Analyst Forecast: Target price is less than 20% higher than the current share price.


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