Northern Trust Corporation NTRS
175.73
1.23
0.70%
as of 25 Sep
- Market cap
- $31.9B
- P/E
- 15.0×
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Northern Trust Corporation (NTRS) P/B ratio
As of 25 September 2026, Northern Trust Corporation (NTRS) trades at a P/B ratio of 2.6×. Over the past ten years it has ranged from 1.2× (October 2023) to 2.8× (August 2026); the current reading is higher than 95% of that period. That is above the Asset Management industry median of 0.9× and above the Financial sector median of 1.3×.
P/B ratio, daily
Annual
| Period | P/B ratio | Change |
|---|---|---|
| FY2025 | 2.2× | 24.92% |
| FY2024 | 1.7× | 8.52% |
| FY2023 | 1.6× | (11.41%) |
| FY2022 | 1.8× | (19.37%) |
| FY2021 | 2.2× | 24.48% |
| FY2020 | 1.8× | (22.64%) |
| FY2019 | 2.3× | 19.81% |
| FY2018 | 1.9× | (20.33%) |
| FY2017 | 2.4× | 5.97% |
| FY2016 | 2.3× | 14.00% |
Quarterly
| Period | P/B ratio | Change |
|---|---|---|
| Jun 2026 | 2.6× | 19.45% |
| Mar 2026 | 2.1× | (1.19%) |
| Dec 2025 | 2.2× | 2.16% |
| Sep 2025 | 2.1× | 3.90% |
| 42 more quarters | Free account |
Against its own ten years
Low 1.2×
High 2.8×
Ten-year median
2.0×
Current reading's percentile
95
P/B ratio against peers
| Company | P/B ratio |
|---|---|
| BEN Franklin Resources Inc compare | 1.3× |
| TPG TPG Inc. compare | 2.0× |
| TROW T. Rowe Price Group, Inc. compare | 2.0× |
| STT State Street Corporation compare | 2.0× |
| PFG Principal Financial Group, Inc. compare | 2.0× |
| RJF Raymond James Financial, Inc. compare | 2.4× |
| NTRS Northern Trust Corporation | 2.6× |
| ARES Ares Management Corporation compare | 3.9× |
| AMP Ameriprise Financial, Inc. compare | 7.1× |
| Asset Management industry median | 0.9× |
| Financial sector median | 1.3× |
| Market median | 1.8× |
What P/B ratio is
Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.
Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))
More on NTRS
- Revenue
- Net income
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement