Northern Trust Corporation (NTRS) P/E Ratio History
Historical price-to-earnings valuation from 1989 to 2025
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NTRS Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, Northern Trust Corporation (NTRS) trades at a price-to-earnings ratio of 18.5x, with a stock price of $161.60 and trailing twelve-month earnings per share of $9.21.
The current P/E is 26% above its 5-year average of 14.7x. Over the past five years, NTRS's P/E has ranged from a low of 9.2x to a high of 19.7x, placing the current valuation at the 85th percentile of its historical range.
Compared to the Financial Services sector median P/E of 13.3x, NTRS trades at a 39% premium to its sector peers. The sector includes 779 companies with P/E ratios ranging from 0.0x to 197.4x.
The PEG ratio of 1.87 (P/E divided by -11% EPS growth) suggests a fair valuation relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, NTRS trades at a notable discount to the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our NTRS DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
NTRS P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $42B | 18.1 | 2.05 | +47% | |
| $91B | 22.8 | 4.42 | +49% | |
| $23B | 11.3Lowest | - | +1% | |
| $16B | 33.5 | - | +7% | |
| $285B | 22.7 | 1.62 | +77%Best | |
| $301B | 23.8 | 2.67 | +53% | |
| $834B | 15.7 | 1.21Best | +22% | |
| $247B | 14.9 | 2.66 | +11% | |
| $86B | 12.1 | 1.41 | +22% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
NTRS Historical P/E Data (1989–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $136.59 | $8.74 | 15.6x | -14% |
| FY2025 Q3 | $134.60 | $8.58 | 15.7x | -14% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $126.79 | $8.51 | 14.9x | -18% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $98.65 | $10.72 | 9.2x | -50% |
| FY2024 Q4 | $102.50 | $9.78 | 10.5x | -43% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $90.03 | $8.04 | 11.2x | -39% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $83.98 | $7.31 | 11.5x | -37% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $88.92 | $4.53 | 19.6x | +7% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $84.38 | $5.08 | 16.6x | -9% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $69.48 | $5.27 | 13.2x | -28% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $74.14 | $5.58 | 13.3x | -27% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $88.13 | $5.88 | 15.0x | -18% |
Average P/E for displayed period: 18.3x
Full NTRS Stock Analysis
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Start ComparisonNTRS — Frequently Asked Questions
Quick answers to the most common questions about buying NTRS stock.
Is NTRS stock overvalued or undervalued?
NTRS trades at 18.5x P/E, above its 5-year average of 14.7x. The 85th percentile ranking indicates a premium to historical valuation.
How does NTRS's valuation compare to peers?
Northern Trust Corporation P/E of 18.5x compares to sector median of 13.3x. The premium reflects expected growth above peers.
What is NTRS's PEG ratio?
NTRS PEG ratio is 1.87. Between 1-2 suggests valuation aligns with growth. Historical P/E data spans 1989-2025.