Northern Trust (LTS:0K91) Scaled Net Operating Assets: -0.19 (As of Mar. 2026)


LTS:0K91 Northern Trust Corp LTS:0K91
78 GF Score
Price $175.22
GF Value $116.22
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Northern Trust Scaled Net Operating Assets?

Northern Trust LTS:0K91 78 Scaled Net Operating Assets is -0.19 as of Mar. 2026. GuruFocus rates LTS:0K91 with a GF Score™ of 78/100 and a GF Value™ of $116.22 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Northern Trust's operating assets for the quarter that ended in Mar. 2026 was $114,404 Mil. Northern Trust's operating liabilities for the quarter that ended in Mar. 2026 was $147,520 Mil. Northern Trust's Total Assets for the quarter that ended in Dec. 2025 was $177,133 Mil. Therefore, Northern Trust's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was -0.19.

LTS:0K91
78GF Score
Northern Trust Corp LTS:0K91
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Northern Trust Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Northern Trust's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(116005.3-150180.6)/155508.4
=-0.22

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=177132.7 - 61127.4
=116005.3

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=164174.8 - 13994.2 - 0
=150180.6

Northern Trust's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(114403.5-147520.4)/177132.7
=-0.19

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=174574.3 - 60170.8
=114403.5

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=161587 - 14066.6 - 0
=147520.4

* 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.

What does a Scaled Net Operating Assets of -0.19 mean?
Northern Trust (LTS:0K91) has a Scaled Net Operating Assets of -0.19 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Northern Trust and its competitors.
Is Northern Trust's Scaled Net Operating Assets too high?
Northern Trust's current Scaled Net Operating Assets is -0.19. Overall, Northern Trust has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Northern Trust's Scaled Net Operating Assets compare to RJF and ARES?
Northern Trust's Scaled Net Operating Assets of -0.19 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Northern Trust and its competitors. Northern Trust's current Scaled Net Operating Assets is -0.19. 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 (LTS:0K91) is currently considered Significantly Overvalued. The stock's GF Value™ is $116.22, compared to a current price of $175.22 — trading 50.8% above its estimated fair value. The current Scaled Net Operating Assets is -0.19. Northern Trust's overall GF Score™ is 78/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Northern Trust (LTS:0K91), the current Scaled Net Operating Assets is -0.19 as of Mar. 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 (LTS:0K91) Overvalued in 2026?

Based on GuruFocus' analysis, Northern Trust stock appears to be overvalued. The current stock price of $175.22 is trading 50.8% above its estimated GF Value™ of $116.22. GuruFocus considers Northern Trust to be Significantly Overvalued.

Key valuation signals for LTS:0K91:

  • Scaled Net Operating Assets: -0.19
  • GF Value™: $116.22 vs. price of $175.22 (50.8% above fair value)
  • GF Score™: 78/100 with 7 warning signs

No single metric tells the full story. See the LTS:0K91 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Northern Trust Business Description

Address 50 South La Salle Street, Chicago, IL, USA, 60603
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.
78GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$175.22
Price
$116.22
GF Value