Northern Trust forward PE NTRS

Share price divided by analysts' consensus earnings for the next twelve months, since 1996.

Today, Oct 23, 2026: 14.0×
10-year median: 14.4×
Against its 10-year history: 41st; percentile: 0 is its lowest day, 100 its highest
10-year range: 10.1× to 20.0×
Peer median: 11.2×

Northern Trust's forward PE is 14.0× as of Oct 23, 2026.

That is below its ten-year median of 14.4×, close to the middle of its last ten years.

Over that time it ranged from 10.1× in Apr 2025 to 20.0× in Jul 2017.

The median for 10 asset managers of a similar size is 11.2×.

Forward PE over time

median 14.4×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	14.0×	12.4×	16.1×
2025	13.6×	10.1×	14.6×
2024	12.7×	11.0×	13.6×
2023	13.4×	10.1×	16.4×
2022	13.7×	12.4×	18.5×
2021	16.6×	13.4×	17.7×
2020	14.7×	11.3×	18.4×
2019	18.0×	13.2×	18.3×
2018	13.2×	12.7×	18.7×
2017	17.4×	16.1×	20.0×
2016	19.4×	13.6×	19.5×
2015	18.7×	17.9×	21.9×
2014	20.3×	18.5×	21.2×
2013	18.7×	15.9×	19.0×
2012	15.6×	13.8×	16.2×
2011	14.1×	12.5×	19.3×
2010	18.7×	15.2×	18.8×
2009	17.9×	15.0×	20.8×
2008	14.8×	11.4×	30.9×
2007	23.8×	16.3×	25.2×

Against its peers

Companies in Asset Management nearest Northern Trust's size, closest first, today.

Company	Forward PE
NTRSNorthern Trust	14.0×
RJFRaymond James Financial	11.4×
ARESAres Management	19.2×
PFGPrincipal Financial	11.0×
TROWT. Rowe Price	10.3×
AMPAmeriprise Financial	10.1×
STTState Street	11.2×
TPGTPG	n/m
BENFranklin Resources	n/m
OWLBlue OWL Capital	n/m
APOApollo Global Management	11.7×
Peer median	11.2×

Where Northern Trust ranks

What the forward PE tells you

Price divided by what analysts expect the company to earn over the next twelve months. It answers "what am I paying for next year" instead of last year.

Estimates are opinions. When forward PE is far below trailing PE, analysts expect a big jump in earnings. If that jump slips, the stock was not as cheap as it looked.

More on Northern Trust

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.