Basis: FMP quote price / unrounded FMP forward EPS in the trading currency, available after its recorded retrieval time. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 15.17 as of 2026-09-23T23:31:23.273Z.
Consensus retrieved: 2026-09-13T23:29:20.001Z. This records retrieval, including cache reads, rather than vendor publication. The calculation uses the separately dated price and estimate available at its as-of time.
Calculation as of: 2026-09-23T23:31:23.273Z.
Quote observation: 2026-09-23T20:00:00.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 840fb5f9e96037b5432076ea25e6fced44b065e81aea0073f102bd2a6e53cd10
Forward PE Ratio (15.17) = Dated Quote Price ($173.99) / Consensus Forward EPS ($11.47)
FORWARD PE RATIO
15.17
SECTOR MEDIAN · FINANCIAL SERVICES
14.17
median of 87 covered companies
CURRENT VS SECTOR MEDIAN
+7.06%
vs the sector median at left
Northern Trust Corporation
Market Cap
$31.83B
Forward PE Ratio
15.17
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Northern Trust Corporation (NTRS) | $31.83B | 15.17 |
| M&T Bank Corporation (MTB)vs › | $31.82B | 11.35 |
| iShares Silver Trust (SLV)vs › | $31.30B | N/A |
| Huntington Bancshares Incorporated (HBAN)vs › | $31.07B | 11.15 |
| Arch Capital Group Ltd. (ACGL)vs › | $33.25B | 10.13 |
| Raymond James Financial, Inc. (RJF)vs › | $30.40B | 13.02 |
| The Hartford Insurance Group, Inc. (HIG)vs › | $34.70B | 9.94 |
| Cboe Global Markets, Inc. (CBOE)vs › | $28.14B | 19.19 |
| Willis Towers Watson Public Limited Company (WTW)vs › | $27.77B | 15.07 |
| Citizens Financial Group, Inc. (CFG)vs › | $27.32B | 12.18 |
Trailing P/E
14.9
reported TTM EPS
Forward P/E
15.2
consensus EPS · fiscal year ending 2026-12-31
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 the dated quote price of $173.99, 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 | $11.10 – $12.57 | 7 | 15.2x |
| 2027-12-31 | $12.55 | $12.16 – $12.80 | 10 | 13.9x |
| 2028-12-31 | $14.32 | $14.05 – $14.73 | 3 | 12.1x |
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
