Northern Fundamentals


USD 91.66  1.25  1.38%   

Northern Trust fundamentals help investors to digest information that contributes to Northern Trust's financial success or failures. It also enables traders to predict the movement of Northern Stock. The fundamental analysis module provides a way to measure Northern Trust's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Northern Trust stock.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.
Northern Trust Weighted Average Shares is relatively stable at the moment as compared to the past year. Northern Trust reported last year Weighted Average Shares of 208.08 Million. As of 12/05/2022, Weighted Average Shares Diluted is likely to grow to about 242.8 M, while Consolidated Income is likely to drop slightly above 1.3 B.

Northern Operating Margin Analysis

Northern Trust's Operating Margin shows how much operating income a company makes on each dollar of sales. It is one of the profitability indicators which helps analysts to understand whether the firm is successful or not making money from everyday operations.
 2019 2020 2021 2022 (projected)
PPandE Turnover15.1312.5912.9311.51
Calculated Tax Rate23.2425.723.1228.73
Operating Margin 
Operating Income 
More About Operating Margin | All Equity Analysis

Current Northern Trust Operating Margin

  0.30 %  
Most of Northern Trust's fundamental indicators, such as Operating Margin, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Northern Trust is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
A good Operating Margin is required for a company to be able to pay for its fixed costs or payout its debt, which implies that the higher the margin, the better. This ratio is most effective in evaluating the earning potential of a company over time when comparing it against a firm's competitors.
Compare to competition

Northern EBITDA Margin



Northern Trust EBITDA Margin is relatively stable at the moment as compared to the past year. Northern Trust reported last year EBITDA Margin of 0.41
Based on the recorded statements, Northern Trust has an Operating Margin of 0.3017%. This is 98.36% lower than that of the Capital Markets sector and 98.84% lower than that of the Financials industry. The operating margin for all United States stocks is 105.48% lower than that of the firm.

Northern Trust Fundamental Drivers Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Northern Trust's current stock value. Our valuation model uses many indicators to compare Northern Trust value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Northern Trust competition to find correlations between indicators driving Northern Trust's intrinsic value. More Info.
Northern Trust is considered to be number one stock in total asset category among related companies. It is regarded third in shares outstanding category among related companies . The ratio of Total Asset to Shares Outstanding for Northern Trust is about  882.32 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Northern Trust by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Northern Trust's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Northern Trust's earnings, one of the primary drivers of an investment's value.

Northern Price to Earnings To Growth Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Northern Trust's direct or indirect competition against its Price to Earnings To Growth to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Northern Trust could also be used in its relative valuation, which is a method of valuing Northern Trust by comparing valuation metrics of similar companies.
Northern Trust is currently under evaluation in price to earnings to growth category among related companies.

Northern Trust Current Valuation Drivers

We derive many important indicators used in calculating different scores of Northern Trust from analyzing Northern Trust's financial statements. These drivers represent accounts that assess Northern Trust's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Northern Trust's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee66.24 K82.79 K75.36 K57.7 K73.24 K63.85 K
Revenue Per Employee315.77 K354.2 K348.24 K300.66 K307.5 K292.2 K
Average Assets129.27 B132.34 B127.4 B158.81 B182.63 B162.47 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA2.06 B2.42 B2.4 B2.13 B2.45 B2.3 B
Earnings Before Interest Taxes and Depreciation Amortization USD2.06 B2.42 B2.4 B2.13 B2.45 B2.3 B
Earnings before Tax1.63 B1.96 B1.94 B1.63 B1.87 B1.79 B
Average Equity10.11 B10.36 B10.83 B11.38 B13.09 B12.04 B
Enterprise Value(11.81 B)(9.97 B)2.78 B(15.51 B)(13.96 B)(14.33 B)
Free Cash Flow1.25 B1.26 B1.99 B1.34 B1.54 B1.39 B
Invested Capital98.45 B105.52 B104.69 B113.93 B131.02 B121.34 B
Invested Capital Average94.36 B103.19 B102.28 B115.54 B132.87 B121.39 B
Market Capitalization22.72 B18.51 B22.51 B19.38 B22.29 B21.5 B
Tangible Asset Value137.98 B131.54 B136.13 B169.3 B194.69 B171.23 B

Northern Trust ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Northern Trust's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Northern Trust's managers, analysts, and investors.
Environment Score
Governance Score
Social Score

Northern Fundamentals

About Northern Trust Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Northern Trust's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Northern Trust using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Northern Trust based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Last ReportedProjected for 2022
Revenues6.5 B5.6 B
Revenue to Assets 0.035284  0.0434 
Revenue Per Employee307.5 K292.2 K

Be your own money manager

Our tools can tell you how much better you can do entering a position in Northern Trust without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Additionally, see Northern Trust Piotroski F Score and Northern Trust Altman Z Score analysis. You can also try Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

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When running Northern Trust price analysis, check to measure Northern Trust's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Northern Trust is operating at the current time. Most of Northern Trust's value examination focuses on studying past and present price action to predict the probability of Northern Trust's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Northern Trust's price. Additionally, you may evaluate how the addition of Northern Trust to your portfolios can decrease your overall portfolio volatility.
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Is Northern Trust's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Northern Trust. If investors know Northern will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Northern Trust listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
19.1 B
Quarterly Revenue Growth YOY
Return On Assets
Return On Equity
The market value of Northern Trust is measured differently than its book value, which is the value of Northern that is recorded on the company's balance sheet. Investors also form their own opinion of Northern Trust's value that differs from its market value or its book value, called intrinsic value, which is Northern Trust's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Northern Trust's market value can be influenced by many factors that don't directly affect Northern Trust's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Northern Trust's value and its price as these two are different measures arrived at by different means. Investors typically determine Northern Trust value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northern Trust's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.