Northern Trust (NTRS) Price to Book (2011 - 2026)
Northern Trust's (NTRS) Price to Book was 2.37 for Q2 2026, up 26.0% from 1.88 a year earlier and up 19.4% from the prior quarter.
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Analysis
Northern Trust (NTRS) Price to Book (2011 - 2026) Analysis & Trends
For FY2025, Price to Book at Northern Trust was 1.96, up 25.1% from FY2024.
- By year, Price to Book came in at 1.57 in FY2024 (+8.0%), 1.45 in FY2023 (-11.2%), 1.64 in FY2022 (-20.8%) and 2.07 in FY2021 (+24.6%).
- The Q2 2026 figure ranks as the highest quarterly Price to Book in data going back to Q4 2011.
- Year over year, Price to Book has now increased in each of the last five quarters, with growth averaging 23.5% over the last eight quarters.
- The high point for year-over-year Price to Book in five years was Q2 2025 (growth of 40.8%); the low point was Q2 2023 (a decline of 27.4%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 1.99 (Q1 2026), 1.96 (Q4 2025) and 1.96 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Robinhood Markets | 99.92 Bn | 81.02 Bn | - |
| 2 | Bank of New York Mellon | 97.64 Bn | 37.02 Bn | - |
| 3 | Cme | 95.24 Bn | 95.24 Bn | - |
| 4 | Intercontinental Exchange | 84.98 Bn | 78.79 Bn | - |
| 5 | Nasdaq | 51.52 Bn | 48.95 Bn | 1.50 Bn |
| 6 | State Street | 47.96 Bn | 47.96 Bn | - |
| 7 | Interactive Brokers | 38.66 Bn | 32.12 Bn | - |
| 8 | Northern Trust | 30.96 Bn | 30.96 Bn | - |
| 9 | Cboe Global Markets | 29.00 Bn | 20.65 Bn | 731.60 Mn |
| 10 | LPL Financial Holdings | 24.58 Bn | 19.90 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.37 |
| Mar 31, 2026 | 1.99 |
| Dec 31, 2025 | 1.96 |
| Sep 30, 2025 | 1.96 |
| Jun 30, 2025 | 1.88 |
| Mar 31, 2025 | 1.49 |
| Dec 31, 2024 | 1.57 |
| Sep 30, 2024 | 1.40 |
| Jun 30, 2024 | 1.34 |
| Mar 31, 2024 | 1.50 |
| Dec 31, 2023 | 1.45 |
| Sep 30, 2023 | 1.21 |
| Jun 30, 2023 | 1.32 |
| Mar 31, 2023 | 1.58 |
| Dec 31, 2022 | 1.64 |
| Sep 30, 2022 | 1.62 |
| Jun 30, 2022 | 1.82 |
| Mar 31, 2022 | 2.13 |
| Dec 31, 2021 | 2.07 |
| Sep 30, 2021 | 1.88 |
API Access
Northern Trust Price to Book API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-book&ticker=NTRS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "NTRS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-book&ticker=NTRS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();