Northern Trust Corporation — Intrinsic Value & Fair Price

NTRS

NASDAQFinancial ServicesAsset ManagementCIK 0000073124northerntrust.comAbout NTRS

Valuation grade ?B

Quant grade ?–not graded

Last close · Oct 30, 2026169.16−3.76 (−2.17%)

Valuation models

price $169.16 · as of Nov 2, 2026

P/TBV · justifiedused136.92 – 182.56156.488% overvalued P/E · peers123.79 – 215.63155.739% overvalued P/E · own history131.25 – 177.22155.199% overvalued PEG—238.2629% undervalued Dividend discount44.82 – 98.8063.45167% overvalued Wall St. consensus target—186.509% below Cost of capital (WACC)—10.25%—

P/TBV · justified leads for a bank. How the headline model is chosen.

engine build:07a9d3f952ed

Model value · P/TBV · justified

156.48

Northern Trust closed at $169.16 — overvalued by 8% vs model.

136.92the model's range182.56

P/TBV · justified leads for a bank. From the justified price to tangible book.

Other models

63.45 – 238.26

Wall St. target

186.50 9% below

Above model, 1y

30 of 30 days

How it is valued

Valued asBank

Low/slowing growth (~9% recent)Moderate margins (12% net margin)Pays dividendsHighly cyclical earningsStrong FCF yield (17.8%)

What growth the price implies: the reverse DCF

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; how each model works is in the manual.