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Northern TrustFRA:NT4 +0.13%76 PS Ratio is 4.20 as of Jul. 14, 2026, which is 26% above its 10-year median of 3.33. GuruFocus rates FRA:NT4 with a GF Score™ of 76/100 and a GF Value™ of €102.70 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,411 Asset Management companies, Northern Trust ranks better than 69.03% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Northern Trust's share price is €159.00.
Northern Trust's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was €37.84. Hence, Northern Trust's PS Ratio for today is 4.20.
Warning Sign:
Northern Trust Corp stock PS Ratio (=4.18) is close to 5-year high of 4.32.
The historical rank and industry rank for Northern Trust's PS Ratio or its related term are showing as below:
FRA:NT4'
s PS Ratio Range Over the Past 10 Years
Min: 1.96 Med: 3.33 Max: 4.73
Current: 4.18
During the past 13 years, Northern Trust's highest PS Ratio was 4.73. The lowest was 1.96. And the median was 3.33.
FRA:NT4's PS Ratio is ranked better than 69.03% of 1411
companies
in the Asset Management industry
Industry Median: 7.3
vs FRA:NT4: 4.18
Northern Trust Corp revenue growth has slowed down over the past 12 months.
During the past 12 months, the average Revenue per Share Growth Rate of Northern Trust was 2.50% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 9.10% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 8.00% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 7.50% per year.
During the past 13 years, Northern Trust's highest 3-Year average Revenue per Share Growth Rate was 15.90% per year. The lowest was -5.30% per year. And the median was 8.00% per year.
Back to Basics: PS Ratio
Northern Trust (FRA:NT4) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Northern Trust PS Ratio Related Terms
Northern Trust PS Ratio Historical Data
* Premium members only.
The historical data trend for Northern Trust's PS 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 PS Ratio, along with its competitors' market caps and PS 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 PS Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Northern Trust's PS Ratio distribution charts can be found below:
* The bar in red indicates where Northern Trust's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Northern Trust's Share Price of today is €159.00. Northern Trust's Revenue per Share 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 €37.84.
* 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:
Northern Trust (FRA:NT4) has a PS Ratio of 4.20 as of Jul. 14, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Northern Trust and its competitors. This is 26% above median its historical median of 3.33. Over the past decade, Northern Trust's PS Ratio has ranged from 1.96 to 4.73. According to the industry distribution chart, Northern Trust ranks #437 out of 1411 companies in the Asset Management industry, placing it in the top 31%.
Is Northern Trust's PS Ratio too high?
Northern Trust's current PS Ratio of 4.20 is 26% above median its 10-year median of 3.33. Over the past 10 years, this metric has ranged from a low of 1.96 to a high of 4.73. The Asset Management industry median PS Ratio is 7.30. Northern Trust's value of 4.20 is 42.5% below this industry median. Based on the distribution chart, Northern Trust ranks #437 out of 1411 companies in the Asset Management industry, which is above 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 PS Ratio compare to RJF and ARES?
According to the Asset Management industry distribution chart, Northern Trust ranks #437 out of 1411 companies for PS Ratio. This puts Northern Trust in the upper half of its industry. The industry median PS Ratio is 7.30. Northern Trust's value of 4.20 is 42.5% below this benchmark. Historically, Northern Trust's own PS Ratio has ranged from 1.96 to 4.73 over the past decade. While the company's 10-year median is 3.33 vs. the industry median of 7.30, 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 PS Ratio for an Asset Management company?
The median PS Ratio among Asset Management companies is 7.30, based on 1,411 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Northern Trust's current PS Ratio of 4.20 is 42.5% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Northern Trust and its competitors. For the Asset Management industry, the median PS Ratio is 7.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northern Trust's current PS Ratio is 4.20, which is 26% above median its own 10-year median of 3.33. 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 €102.70, compared to a current price of €159.00 — trading 54.8% above its estimated fair value. The current PS Ratio is 4.20, which is 26% above median its 10-year median of 3.33 and 42.5% below the Asset Management industry median of 7.30. Northern Trust's overall GF Score™ is 76/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Northern Trust (FRA:NT4), the current PS Ratio is 4.20 as of Jul. 14, 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 €159.00 is trading 54.8% above its estimated GF Value™ of €102.70.
GuruFocus considers Northern Trust to be Significantly Overvalued.
Key valuation signals for FRA:NT4:
PS Ratio: 4.20 (26% above median its 10-year median of 3.33)
GF Value™: €102.70 vs. price of €159.00 (54.8% above fair value)
Industry Position: 42.5% below the Asset Management median (#437 of 1411)
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
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