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Northern TrustFRA:NT4 -1.89%79 Debt-to-Equity is 1.05 as of Jun. 2026, which is 1% above its 10-year median of 1.04. GuruFocus rates FRA:NT4 with a GF Score™ of 79/100 and a GF Value™ of €111.43 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 946 Asset Management companies, Northern Trust ranks worse than 84.88% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Northern Trust's Debt-to-Equity or its related term are showing as below:
FRA:NT4'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.6 Med: 1.04 Max: 1.48
Current: 1.05
During the past 13 years, the highest Debt-to-Equity Ratio of Northern Trust was 1.48. The lowest was 0.60. And the median was 1.04.
FRA:NT4's Debt-to-Equity is ranked worse than 84.88% of 946
companies
in the Asset Management industry
Industry Median: 0.21
vs FRA:NT4: 1.05
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Northern Trust Debt-to-Equity Related Terms
Northern Trust Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Northern Trust's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FRA:NT4 vs PFG, TROW, BEN: Debt-to-Equity Comparison
For the Asset Management subindustry, Northern Trust's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Northern Trust Debt-to-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Northern Trust's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Northern Trust's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Northern Trust (FRA:NT4) has a Debt-to-Equity of 1.05 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Northern Trust and its competitors. This is near median its historical median of 1.04. Over the past decade, Northern Trust's Debt-to-Equity has ranged from 0.60 to 1.48. According to the industry distribution chart, Northern Trust ranks #803 out of 946 companies in the Asset Management industry, placing it in the top 84.9%.
Is Northern Trust's Debt-to-Equity too high?
Northern Trust's current Debt-to-Equity of 1.05 is near median its 10-year median of 1.04. Over the past 10 years, this metric has ranged from a low of 0.60 to a high of 1.48. The Asset Management industry median Debt-to-Equity is 0.21. Northern Trust's value of 1.05 is 400% above this industry median. Based on the distribution chart, Northern Trust ranks #803 out of 946 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Northern Trust has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Northern Trust's Debt-to-Equity compare to PFG and TROW?
According to the Asset Management industry distribution chart, Northern Trust ranks #803 out of 946 companies for Debt-to-Equity. This places Northern Trust in the lower half of its industry. The industry median Debt-to-Equity is 0.21. Northern Trust's value of 1.05 is 400% above this benchmark. Historically, Northern Trust's own Debt-to-Equity has ranged from 0.60 to 1.48 over the past decade. While the company's 10-year median is 1.04 vs. the industry median of 0.21, Northern Trust has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Asset Management company?
The median Debt-to-Equity among Asset Management companies is 0.21, based on 946 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Northern Trust's current Debt-to-Equity of 1.05 is 400% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Northern Trust and its competitors. For the Asset Management industry, the median Debt-to-Equity is 0.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northern Trust's current Debt-to-Equity is 1.05, which is near median its own 10-year median of 1.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern Trust stock overvalued right now?
Based on GuruFocus' analysis, Northern Trust (FRA:NT4) is currently considered Significantly Overvalued. The stock's GF Value™ is €111.43, compared to a current price of €155.55 — trading 39.6% above its estimated fair value. The current Debt-to-Equity is 1.05, which is near median its 10-year median of 1.04 and 400% above the Asset Management industry median of 0.21. Northern Trust's overall GF Score™ is 79/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Northern Trust (FRA:NT4), the current Debt-to-Equity is 1.05 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Northern Trust (FRA:NT4) Overvalued in 2026?
Based on GuruFocus' analysis, Northern Trust stock appears to be overvalued.
The current stock price of €155.55 is trading 39.6% above its estimated GF Value™ of €111.43.
GuruFocus considers Northern Trust to be Significantly Overvalued.
Key valuation signals for FRA:NT4:
Debt-to-Equity: 1.05 (near median its 10-year median of 1.04)
GF Value™: €111.43 vs. price of €155.55 (39.6% above fair value)
Industry Position: 400% above the Asset Management median (#803 of 946)
No single metric tells the full story. See the FRA:NT4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Northern Trust is a leading provider of wealth management, asset servicing, asset management, and banking to corporations, institutions, affluent families, and individuals. Founded in Chicago in 1889, Northern Trust has offices in 20 states and Washington, D.C. as well as 23 locations in Canada, Europe, the Middle East, and Asia-Pacific. As of December 2025, Northern Trust had assets under custody or administration of $18.7 trillion and assets under management of $1.8 trillion.
79GF Score
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