Northern Trust Corporation (N1TR34) Fair Value & Analysis

Financial Services · BR · Market cap R$174B

What matters now

• The price sits above even our optimistic bull case (R$99.73). The favourable scenario is already priced in.
• Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder.
• For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Price vs Fair Value (12 months)

12‑month range R$340.29 – R$479.71 · fair‑value band R$59.84 – R$99.73 · the R$451.50 price screens above the R$79.78 fair value. As of Jul 16, 2026.

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Analysis

Northern Trust Corporation (N1TR34) currently trades at R$451.50, while our model-based Fair Value estimate is R$79.78, implying the stock looks roughly 82.3% overvalued today. We read business quality at 66/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Northern Trust Corporation generated revenue of R$8.4B at a net margin of 22.4%. Revenue grew 13.9% year over year. It earns a return on equity of 14.5%. The stock trades on a trailing P/E of 16.8. Fundamentals as of Jul 16, 2026

Our scenario range runs from R$59.84 (bear case) to R$99.73 (bull case); at R$451.50, the current price sits above that range. The share trades near its 52-week high and 89% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -38% fair-value upside, at -82%, N1TR34 screens richer than that median.

Key figures & financial health

Quality Score breakdown

About the company

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals. It operates in two segments, Asset Servicing and Wealth Management.

Full company description

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical, employee benefit, securities lending, foreign exchange, treasury management, brokerage, transition management, banking, and cash management services. It serves corporate and public retirement funds, foundations, endowments, fund managers, insurance companies, sovereign wealth funds, and other institutional investors. The Wealth Management segment offers trust, investment management, custody, and philanthropic; financial consulting; guardianship and estate administration; family business consulting; family financial education; brokerage; and private and business banking services. This segment also provides global custody; fiduciary; family office consulting; and technology solutions to high-net-worth individuals and families, business owners, executives, professionals, retirees, and established privately-held businesses. In addition, it offers asset management, and related services and other products comprising active and passive equity; active and passive fixed income; cash management; muti-asset and alternative asset classes which includes private equity and hedge funds of funds; and multi-manager advisory services and products through separately managed accounts, bank common and collective funds, registered investment companies, exchange traded funds, non-U.S. collective investment funds, and unregistered private investment funds. Further, the company provides overlay and other risk management services. The company was founded in 1889 and is headquartered in Chicago, Illinois.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

Northern Trust Corporation reported revenue of R$13.6B in FY2025 versus R$7.5B in FY2022, a compound +22.0%/yr. Reported net income was R$1.7B in FY2025, compounding +9.1%/yr from FY2022.

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Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.