Northern TrustNTRSP.PFD 74 PB Ratio is 0.44 as of Jul. 05, 2026, which is 78% below its 10-year median of 2.02. GuruFocus rates NTRSP.PFD with a GF Score™ of 74/100. The stock has 7 warning signs investors should review. Among 1,602 Asset Management companies, Northern Trust ranks worse than 88.83% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-05), Northern Trust's share price is $25.01. Northern Trust's Book Value per Share for the quarter that ended in Mar. 2026 was $57.12. Hence, Northern Trust's PB Ratio of today is 0.44.
Warning Sign:
Northern Trust Corp stock PB Ratio (=2.7) is close to 10-year high of 2.7.
The historical rank and industry rank for Northern Trust's PB Ratio or its related term are showing as below:
NTRSP.PFD'
s PB Ratio Range Over the Past 10 Years
Min: 1.2 Med: 2.02 Max: 2.7
Current: 2.7
During the past 13 years, Northern Trust's highest PB Ratio was 2.70. The lowest was 1.20. And the median was 2.02.
NTRSP.PFD's PB Ratio is ranked worse than 88.83% of 1602
companies
in the Asset Management industry
Industry Median: 0.96
vs NTRSP.PFD: 2.70
During the past 12 months, Northern Trust's average Book Value Per Share Growth Rate was 6.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 9.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 4.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 5.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Northern Trust was 16.80% per year. The lowest was 1.20% per year. And the median was 9.15% per year.
Back to Basics: PB Ratio
Northern Trust (NAS:NTRSP.PFD) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Northern Trust PB Ratio Related Terms
Northern Trust PB Ratio Historical Data
* Premium members only.
The historical data trend for Northern Trust's PB 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.
For the Asset Management subindustry, Northern Trust's PB Ratio, along with its competitors' market caps and PB 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 PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Northern Trust's PB Ratio distribution charts can be found below:
* The bar in red indicates where Northern Trust's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Northern Trust's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Northern Trust (NTRSP.PFD) has a PB Ratio of 0.44 as of Jul. 05, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Northern Trust and its competitors. This is 78% below median its historical median of 2.02. Over the past decade, Northern Trust's PB Ratio has ranged from 1.20 to 2.70. According to the industry distribution chart, Northern Trust ranks #1423 out of 1602 companies in the Asset Management industry, placing it in the top 88.8%.
Is Northern Trust's PB Ratio too high?
Northern Trust's current PB Ratio of 0.44 is 78% below median its 10-year median of 2.02. Over the past 10 years, this metric has ranged from a low of 1.20 to a high of 2.70. The Asset Management industry median PB Ratio is 0.96. Northern Trust's value of 0.44 is 54.2% below this industry median. Based on the distribution chart, Northern Trust ranks #1423 out of 1602 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Northern Trust has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Northern Trust's PB Ratio compare to RJF and ARES?
According to the Asset Management industry distribution chart, Northern Trust ranks #1423 out of 1602 companies for PB Ratio. This places Northern Trust in the lower half of its industry. The industry median PB Ratio is 0.96. Northern Trust's value of 0.44 is 54.2% below this benchmark. Historically, Northern Trust's own PB Ratio has ranged from 1.20 to 2.70 over the past decade. While the company's 10-year median is 2.02 vs. the industry median of 0.96, Northern Trust has consistently been below 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 PB Ratio for an Asset Management company?
The median PB Ratio among Asset Management companies is 0.96, based on 1,602 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Northern Trust's current PB Ratio of 0.44 is 54.2% below 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Northern Trust and its competitors. For the Asset Management industry, the median PB Ratio is 0.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northern Trust's current PB Ratio is 0.44, which is 78% below median its own 10-year median of 2.02. 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?
Northern Trust (NTRSP.PFD) has a current PB Ratio of 0.44. The current PB Ratio is 0.44, which is 78% below median its 10-year median of 2.02 and 54.2% below the Asset Management industry median of 0.96. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Northern Trust (NTRSP.PFD), the current PB Ratio is 0.44 as of Jul. 05, 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.
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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