Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 16.03.
Forward PE Ratio (16.03) = Close Price ($183.90) / Consensus Forward EPS ($11.47)
FORWARD PE RATIO
16.03
SECTOR MEDIAN · FINANCIAL SERVICES
14.80
median of 83 covered companies
CURRENT VS SECTOR MEDIAN
+8.31%
vs the sector median at left
Northern Trust Corporation
Market Cap
$33.65B
Forward PE Ratio
16.03
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Northern Trust Corporation (NTRS) | $33.65B | 16.03 |
| Raymond James Financial, Inc. (RJF)vs › | $33.66B | 14.42 |
| iShares Silver Trust (SLV)vs › | $33.75B | 17.72 |
| Huntington Bancshares Incorporated (HBAN)vs › | $34.41B | 12.34 |
| Arch Capital Group Ltd. (ACGL)vs › | $34.73B | 10.58 |
| M&T Bank Corporation (MTB)vs › | $34.83B | 12.42 |
| Willis Towers Watson Public Limited Company (WTW)vs › | $31.76B | 17.24 |
| Cboe Global Markets, Inc. (CBOE)vs › | $31.47B | 21.46 |
| The Hartford Insurance Group, Inc. (HIG)vs › | $37.31B | 10.68 |
| Citizens Financial Group, Inc. (CFG)vs › | $29.54B | 13.15 |
Trailing P/E
15.8
reported TTM EPS
Forward P/E
16.0
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $11.47 implies -1.5% EPS decline vs the reported trailing $11.65.
At today's $183.90 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $11.47 | $11.09 – $12.57 | 7 | 16.0x |
| 2027-12-31 | $12.54 | $12.16 – $12.74 | 10 | 14.7x |
| 2028-12-31 | $14.28 | $14.00 – $14.76 | 3 | 12.9x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
