Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Northern Trust (FRA:NT4) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Northern Trust Forward PE Ratio Related Terms
Northern Trust Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Northern Trust's Forward PE Ratio 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.
Northern Trust Forward PE Ratio Chart
Northern Trust Annual Data
Trend
2015-12
2016-12
2017-12
2018-12
2019-12
2020-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
17.21
18.48
18.12
11.57
14.66
15.58
15.75
11.88
14.53
13.73
14.57
Northern Trust Quarterly Data
2015-12
2016-03
2016-06
2016-09
2016-12
2017-03
2017-06
2017-09
2017-12
2018-03
2018-06
2018-09
2018-12
2019-03
2019-06
2019-09
2019-12
2020-03
2020-06
2020-09
2020-12
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2023-06
2023-09
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
2026-06
Forward PE Ratio
17.21
14.08
16.61
14.29
18.48
18.55
20.33
16.86
18.12
16.69
16.34
14.45
11.57
13.61
13.28
12.95
14.66
11.03
14.22
13.21
15.58
16.23
17.64
14.75
15.75
15.06
11.90
10.25
11.88
12.71
11.67
10.68
14.53
13.77
12.20
12.44
13.73
11.74
14.60
14.24
14.57
13.95
16.30
FRA:NT4 vs PFG, TROW, BEN: Forward PE Ratio Comparison
For the Asset Management subindustry, Northern Trust's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio 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 Forward PE Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Northern Trust's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Northern Trust's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Northern Trust (FRA:NT4) has a Forward PE Ratio of 15.59 as of Jul. 31, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Northern Trust and its competitors. According to the industry distribution chart, Northern Trust ranks #242 out of 325 companies in the Asset Management industry, placing it in the top 74.5%.
Is Northern Trust's Forward PE Ratio too high?
Northern Trust's current Forward PE Ratio is 15.59. The Asset Management industry median Forward PE Ratio is 10.92. Northern Trust's value of 15.59 is 42.8% above this industry median. Based on the distribution chart, Northern Trust ranks #242 out of 325 companies in the Asset Management industry, which is below the industry midpoint. Overall, Northern Trust has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Northern Trust's Forward PE Ratio compare to PFG and TROW?
According to the Asset Management industry distribution chart, Northern Trust ranks #242 out of 325 companies for Forward PE Ratio. This places Northern Trust in the lower half of its industry. The industry median Forward PE Ratio is 10.92. Northern Trust's value of 15.59 is 42.8% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for an Asset Management company?
The median Forward PE Ratio among Asset Management companies is 10.92, based on 325 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Northern Trust's current Forward PE Ratio of 15.59 is 42.8% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Northern Trust and its competitors. For the Asset Management industry, the median Forward PE Ratio is 10.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northern Trust's current Forward PE Ratio is 15.59. 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 €102.99, compared to a current price of €154.90 — trading 50.4% above its estimated fair value. The current Forward PE Ratio is 15.59 and 42.8% above the Asset Management industry median of 10.92. Northern Trust's overall GF Score™ is 76/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Northern Trust (FRA:NT4), the current Forward PE Ratio is 15.59 as of Jul. 31, 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 €154.90 is trading 50.4% above its estimated GF Value™ of €102.99.
GuruFocus considers Northern Trust to be Significantly Overvalued.
Key valuation signals for FRA:NT4:
Forward PE Ratio: 15.59
GF Value™: €102.99 vs. price of €154.90 (50.4% above fair value)
Industry Position: 42.8% above the Asset Management median (#242 of 325)
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.
76GF Score
Get the complete analysis for FRA:NT4
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:NT4 has been successfully added to your 
