Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 16.19 as of Sunday, August 9, 2026.
Forward PE Ratio (16.19) = Close Price ($185.50) / Consensus Forward EPS ($11.46)
FORWARD PE RATIO
16.19
SECTOR MEDIAN · FINANCIAL SERVICES
14.65
median of 84 covered companies
CURRENT VS SECTOR MEDIAN
+10.51%
vs the sector median at left
Northern Trust Corporation
Market Cap
$33.94B
Forward PE Ratio
16.19
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Northern Trust Corporation (NTRS) | $33.94B | 16.19 |
| Raymond James Financial, Inc. (RJF)vs › | $33.92B | 14.51 |
| Arch Capital Group Ltd. (ACGL)vs › | $34.41B | 10.51 |
| Huntington Bancshares Incorporated (HBAN)vs › | $35.46B | 12.49 |
| Willis Towers Watson Public Limited Company (WTW)vs › | $32.02B | 17.46 |
| M&T Bank Corporation (MTB)vs › | $36.30B | 12.97 |
| Citizens Financial Group, Inc. (CFG)vs › | $30.73B | 13.70 |
| Cboe Global Markets, Inc. (CBOE)vs › | $29.99B | 20.54 |
| The Hartford Insurance Group, Inc. (HIG)vs › | $39.28B | 11.23 |
| Coinbase Global, Inc. (COIN)vs › | $40.52B | N/A |
Trailing P/E
15.9
reported TTM EPS
Forward P/E
16.2
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $11.46 implies -1.6% EPS decline vs the reported trailing $11.65.
At today's $185.50 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 | $11.46 | $11.06 – $12.62 | 7 | 16.2x |
| 2027-12-31 | $12.51 | $12.15 – $12.78 | 10 | 14.8x |
| 2028-12-31 | $14.28 | $14.00 – $14.76 | 3 | 13.0x |
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
