Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Northern Trust's share price for the quarter that ended in Mar. 2026 was €119. Northern Trust's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 185 Mil. Therefore, Northern Trust's market cap for the quarter that ended in Mar. 2026 was €22,021 Mil.
Northern Trust's quarterly market cap
increased
from Sep. 2025 (€21,370 Mil) to Dec. 2025 (€21,988 Mil) and
increased
from Dec. 2025 (€21,988 Mil) to Mar. 2026 (€22,021 Mil).
Northern Trust's annual market cap
increased
from Dec. 2023 (€15,692 Mil) to Dec. 2024 (€19,499 Mil) and
increased
from Dec. 2024 (€19,499 Mil) to Dec. 2025 (€21,988 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Northern Trust's Enterprise Value for Today is €-1,519 Mil.
Northern Trust (FRA:NT4) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Northern Trust Market Cap Related Terms
Northern Trust Market Cap Historical Data
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The historical data trend for Northern Trust's Market Cap 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 Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Northern Trust's Market Cap distribution charts can be found below:
* The bar in red indicates where Northern Trust's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Northern Trust's Market Cap for the fiscal year that ended in Dec. 2025 is calculated as
* 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 Market Cap of €28,680 Mil as of Jul. 06, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Northern Trust and its competitors. According to the industry distribution chart, Northern Trust ranks #12 out of 1662 companies in the Asset Management industry, placing it in the top 0.7%.
Is Northern Trust's Market Cap too high?
Northern Trust's current Market Cap is €28,680 Mil. Based on the distribution chart, Northern Trust ranks #12 out of 1662 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 Market Cap compare to RJF and ARES?
According to the Asset Management industry distribution chart, Northern Trust ranks #12 out of 1662 companies for Market Cap. This places Northern Trust in the top 1% of its industry — outperforming the majority of peers. The industry median Market Cap is 203.72. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for an Asset Management company?
The median Market Cap among Asset Management companies is 203.72, based on 1,662 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Northern Trust and its competitors. For the Asset Management industry, the median Market Cap is 203.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northern Trust's current Market Cap is €28,680 Mil. 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 €103.42, compared to a current price of €154.45 — trading 49.3% above its estimated fair value. The current Market Cap is €28,680 Mil. 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 Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Northern Trust (FRA:NT4), the current Market Cap is €28,680 Mil as of Jul. 06, 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 €154.45 is trading 49.3% above its estimated GF Value™ of €103.42.
GuruFocus considers Northern Trust to be Significantly Overvalued.
Key valuation signals for FRA:NT4:
Market Cap: €28,680 Mil
GF Value™: €103.42 vs. price of €154.45 (49.3% above fair value)
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.
74GF Score
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