Pricing Log in Create free account
Friday 6 November 2026 Export NTRS’s income statement to Excel — free account

Northern Trust Corporation

NTRS Financial Asset Management

Northern Trust Corporation’s revenue for fiscal 2025 (year ended December 2025) was $14.3 billion, down 9.92% from fiscal 2024.

Revenue
+3.27%
EPS
+48.7%
Free cash flow
+366.4%
Total debt
−23.4%

Quarter to September 2026, against a year earlier

173.68 2.29 +1.34%
Market cap
$31.0B
P/E
13.4×
Fwd P/E
12.6×
Dividend yield
1.91%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Northern Trust Corporation (NTRS) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Northern Trust Corporation (NTRS) trades at a P/B ratio of 2.5×. Over the past ten years it has ranged from 1.2× (October 2023) to 2.8× (August 2026); the current reading is higher than 92% 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

Embed this chart

Annual newest first

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 newest first

Period P/B ratio Change
Sep 2026 2.5× (3.31%)
Jun 2026 2.6× 19.45%
Mar 2026 2.1× (1.19%)
Dec 2025 2.2× 2.16%
43 more quarters

Against its own ten years

Low 1.2× High 2.8×
Ten-year median 2.0×
Current reading's percentile 91

P/B ratio against peers

Company P/B ratio
STT State Street Corporation compare 1.8×
TROW T. Rowe Price Group, Inc. compare 2.0×
TPG TPG Inc. compare 2.0×
PFG Principal Financial Group, Inc. compare 2.0×
RJF Raymond James Financial, Inc. compare 2.5×
NTRS Northern Trust Corporation 2.5×
ARES Ares Management Corporation compare 4.3×
AMP Ameriprise Financial, Inc. compare 9.0×
PS Pershing Square Inc. compare 14.2×
Asset Management industry median 0.9×
Financial sector median 1.3×
Market median 1.7×

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))

The full definition of P/B ratio →

More on NTRS