EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Northern Trust's Enterprise Value is $-591 Mil.
Northern Trust's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $1,654 Mil. Therefore, Northern Trust's EV-to-FCF for today is -0.36.
The historical rank and industry rank for Northern Trust's EV-to-FCF or its related term are showing as below:
NTRS'
s EV-to-FCF Range Over the Past 10 Years
Min: -86.37 Med: -5.58 Max: 980.92
Current: -0.36
During the past 13 years, the highest EV-to-FCF of Northern Trust was 980.92. The lowest was -86.37. And the median was -5.58.
NTRS's EV-to-FCF is ranked better than 96.47% of 936
companies
in the Asset Management industry
Industry Median: 14.515
vs NTRS: -0.36
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Northern Trust's PE Ratio (TTM) for today is calculated as:
Northern Trust's share price for today is $183.53.
Northern Trust's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $9.550.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Northern Trust EV-to-FCF Related Terms
Northern Trust EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Northern Trust's EV-to-FCF 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.
For the Asset Management subindustry, Northern Trust's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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 EV-to-FCF vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Northern Trust's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Northern Trust's EV-to-FCF falls into.
Northern Trust's current Enterprise Value is $-591 Mil.
Northern Trust's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,654 Mil.
* 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 (NTRS) has a EV-to-FCF of -0.36 as of Jul. 11, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Northern Trust and its competitors. According to the industry distribution chart, Northern Trust ranks #33 out of 936 companies in the Asset Management industry, placing it in the top 3.5%.
Is Northern Trust's EV-to-FCF too high?
Northern Trust's current EV-to-FCF is -0.36. Based on the distribution chart, Northern Trust ranks #33 out of 936 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Northern Trust has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Northern Trust's EV-to-FCF compare to RJF and ARES?
According to the Asset Management industry distribution chart, Northern Trust ranks #33 out of 936 companies for EV-to-FCF. This places Northern Trust in the top 4% of its industry — outperforming the majority of peers. The industry median EV-to-FCF is 14.52. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for an Asset Management company?
The median EV-to-FCF among Asset Management companies is 14.52, based on 936 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Northern Trust and its competitors. For the Asset Management industry, the median EV-to-FCF is 14.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northern Trust's current EV-to-FCF is -0.36. 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 (NTRS) is currently considered Significantly Overvalued. The stock's GF Value™ is $118.47, compared to a current price of $183.53 — trading 54.9% above its estimated fair value. The current EV-to-FCF is -0.36. Northern Trust's overall GF Score™ is 74/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Northern Trust (NTRS), the current EV-to-FCF is -0.36 as of Jul. 11, 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 (NTRS) Overvalued in 2026?
Based on GuruFocus' analysis, Northern Trust stock appears to be overvalued.
The current stock price of $183.53 is trading 54.9% above its estimated GF Value™ of $118.47.
GuruFocus considers Northern Trust to be Significantly Overvalued.
Key valuation signals for NTRS:
EV-to-FCF: -0.36
GF Value™: $118.47 vs. price of $183.53 (54.9% above fair value)
No single metric tells the full story. See the NTRS 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.
74GF Score
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