Superworth

Northern Trust price to book ratio NTRS

Market value divided by the book value of the company's net assets, since 2009.

Today, Oct 23, 2026
2.3×
10-year median
1.9×
Against its 10-year history
90th
percentile: 0 is its lowest day, 100 its highest
10-year range
1.1× to 2.6×
Peer median
2.8×

Northern Trust's price to book ratio is 2.3× as of Oct 23, 2026.

That is above its ten-year median of 1.9×, higher than on 90% of days in the last ten years.

Over that time it ranged from 1.1× in Oct 2023 to 2.6× in Jul 2026.

The median for 10 asset managers of a similar size is 2.8×.

Price to book ratio over time

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

YearEnd of yearLowHigh
2026 so far2.3×1.9×2.6×
20252.0×1.3×2.0×
20241.6×1.3×1.7×
20231.5×1.1×1.9×
20221.7×1.5×2.3×
20212.1×1.6×2.2×
20201.7×1.2×2.1×
20192.1×1.7×2.1×
20181.8×1.7×2.5×
20172.2×2.0×2.3×
20162.1×1.5×2.1×
20151.9×1.7×2.1×
20141.9×1.8×2.0×
20131.9×1.6×1.9×
20121.6×1.4×1.6×
20111.3×1.2×2.0×
20102.0×1.7×2.2×
20092.0×1.8×2.4×

Against its peers

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

CompanyPrice to book ratio
NTRSNorthern Trust2.3×
RJFRaymond James Financial2.4×
ARESAres Management10.2×
PFGPrincipal Financial1.9×
TROWT. Rowe Price2.0×
AMPAmeriprise Financial6.8×
STTState Street1.6×
TPGTPG13.9×
BENFranklin Resources1.3×
OWLBlue OWL Capital7.3×
APOApollo Global Management3.2×
Peer median2.8×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Northern Trust

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