NTRS
Northern Trust
PE ratio, current and historical analysis
- Stocks
- Financial Services
- NASDAQ: NTRS
- PE Ratio
As of Aug 1, 2026, the NTRS stock has a P/E ratio of 15.56. The calculation is based on the latest EPS of $11.71 and the stock price of $182.19 per share. An increase of 2.8% has been observed in the PE ratio compared to its average of 15.1 of the past four quarters.
NTRS PE ratio history
The mean historical PE ratio of Northern Trust over the last ten years is 15.39. The current 15.56 price-to-earnings ratio is in line with the historical average. Analyzing the last ten years, NTRS's PE ratio reached its highest point in the Jun 2017 quarter at 21.94, with a price of $97.21 and an EPS of $4.43. The Mar 2025 quarter saw the lowest point at 9.17, with a price of $98.65 and an EPS of $10.76.
Northern Trust PE ratio by year
Maximum annual increase: 48.76% in 2025
Maximum annual decrease: -38.01% in 2018
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 15.56 | 48.76% | $136.59 | $8.78 |
| 2024 | 10.46 | -36.91% | $102.5 | $9.8 |
| 2023 | 16.58 | 15.38% | $84.38 | $5.09 |
| 2022 | 14.37 | -14% | $88.49 | $6.16 |
| 2021 | 16.71 | -1.71% | $119.61 | $7.16 |
| 2020 | 17 | 6.58% | $93.14 | $5.48 |
| 2019 | 15.95 | 27.5% | $106.24 | $6.66 |
| 2018 | 12.51 | -38.01% | $83.59 | $6.68 |
| 2017 | 20.18 | -1.42% | $99.89 | $4.95 |
| 2016 | 20.47 | 14.42% | $89.05 | $4.35 |
| 2015 | 17.89 | -11.35% | $72.09 | $4.03 |
| 2014 | 20.18 | -1.85% | $67.4 | $3.34 |
| 2013 | 20.56 | 15.57% | $61.89 | $3.01 |
| 2012 | 17.79 | 10.77% | $50.16 | $2.82 |
| 2011 | 16.06 | -20.57% | $39.66 | $2.47 |
Northern Trust PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Jun 2026 | 14.85 | 2.13% | $173.84 | $11.71 |
| Mar 2026 | 14.54 | -6.56% | $139.57 | $9.6 |
| Dec 2025 | 15.56 | -0.32% | $136.59 | $8.78 |
| Sep 2025 | 15.61 | 5.26% | $134.6 | $8.62 |
| Jun 2025 | 14.83 | 61.72% | $126.79 | $8.55 |
| Mar 2025 | 9.17 | -12.33% | $98.65 | $10.76 |
| Dec 2024 | 10.46 | -6.27% | $102.5 | $9.8 |
| Sep 2024 | 11.16 | -2.62% | $90.03 | $8.07 |
| Jun 2024 | 11.46 | -41.5% | $83.98 | $7.33 |
| Mar 2024 | 19.59 | 18.15% | $88.92 | $4.54 |
| Dec 2023 | 16.58 | 25.99% | $84.38 | $5.09 |
| Sep 2023 | 13.16 | -0.75% | $69.48 | $5.28 |
| Jun 2023 | 13.26 | -11.36% | $74.14 | $5.59 |
| Mar 2023 | 14.96 | 4.11% | $88.13 | $5.89 |
| Dec 2022 | 14.37 | 23.56% | $88.49 | $6.16 |
NTRS Price vs fair value
NTRS average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
Currently, NTRS's PE ratio is above its 3, 5 and 10-year averages.
PE comparison
With a price to earnings (P/E) of 15.56, NTRS stands higher than the Financial Services sector, the industry and its peers average. Looking at the Financial Services sector average of 13.56, Northern Trust's price to earnings (P/E) is 15% higher.
NTRS PE vs peers
NTRS's PE ratio is less than its peer stocks JPM and BNY, but it is above WFC's and COF's. Northern Trust is currently trading at a higher PE ratio (15.56) than its peers average of 14.57.
| Stock name | PE ratio | Market cap |
|---|---|---|
| WAFD Washington Federal Inc | 12.07 | $2.74B |
| WFC Wells Fargo & Company | 12.46 | $262.63B |
| COF Capital One Financial Corp | 12.92 | $132.4B |
| BOKF BOK Financial Corp | 14.41 | $8.66B |
| NTRS Northern Trust Corp | 15.47 | $33.15B |
| STT State Street Corp | 15.81 | $50.08B |
| JPM JPMorgan Chase & Company | 16.85 | $944.26B |
| BNY Bank Of New York Mellon Corp | 17.9 | $105.27B |
| FLG Flagstar Bank National Association | N/A | $5.95B |
Frequently asked questions
What is Northern Trust's PE ratio?
The price to earnings ratio for NTRS stock as of Aug 1, 2026, stands at 15.56.
What is the 3-year average PE ratio for Northern Trust (NTRS)?
The 3-year average PE ratio for NTRS stock is 13.91.
What is the 5-year average PE ratio for Northern Trust (NTRS)?
The 5-year average PE ratio for NTRS stock is 14.2.
What is the highest PE ratio for NTRS?
The highest quarterly PE ratio in the last ten years has been 21.94 and it was in the Jun 2017 quarter.
How does the current PE ratio for NTRS compare to its historical average?
NTRS's current price to earnings ratio is 1.1% above its 10-year historical average.
How is NTRS's PE ratio calculated (Northern Trust PE ratio formula)?
The P/E ratio is calculated by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Aug 1, 2026), Northern Trust's share price is $182.19. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2026 is $11.71. Therefore, Northern Trust's price to earnings ratio for today is 15.56. PE RATIO(15.56) = STOCK PRICE($182.19) / TTM EPS($11.71)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.