Stock fact sheet · data as of
Northern Trust Corporation (NTRSO): fair value, margin of safety and Wheel Score
Ticker symbol NTRSO · Financial Services · Asset Management · United States · Depositary preferred shares · Blend
NTRSO is not Northern Trust Corporation's common stock: it is a depositary share of its preferred stock - each one a fraction of a single preferred share. Preferred shares pay a set dividend and rank ahead of the common stock if the company fails, but usually carry no vote and do not share in the company's growth the same way. The valuation models on this page are built for common stock and say little about a preferred share. The common stock trades as NTRS (common stock).
Is NTRSO undervalued?
NTRSO has a margin of safety of 85%: the stock closed at 17.77 on 5 Nov 2026 against a GLS average fair value of 117.23. 7 of the 9 valuation models that produced a number sit above the price. Our scans treat a discount this large as a strong starting point for a cash-secured put, not as a verdict - the fair value is a model output, and a wide gap can mean the models are missing something the market knows.
The 9 models disagree widely: EPV gives 14.78 while DCF gives 389.32. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for NTRSO, so the nightly engine files it under Blend (value score 62, growth score 46, out of 100).
Nine valuation models for NTRSO
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 389.32 | +2091% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 148.38 | +735% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 44.53 | +151% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 17.11 | -4% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 81.46 | +358% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 179.52 | +910% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 131.72 | +641% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 48.26 | +172% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 14.78 | -17% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -55.85 | -414% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
On financial health NTRSO scores 7/9 (Piotroski): most of the nine tests - positive earnings and cash flow, falling debt, rising margins and turnover - are passed, which is the kind of balance sheet a wheel trader is happy to be assigned. The GLS Moat score is 7.2 out of 10: a record that is solid on some of the four parts the score weighs (returns on capital, pricing power, lasting growth, balance sheet) and weaker on others.
Returns on capital are moderate - ROIC 5.9%, ROE 13.4%, ROA 1.0% - with debt at 1.27 times equity and a free-cash-flow yield of 4.5%.
The dividend yield is 1.84% at a payout ratio of 27%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Corporate and Institutional Service 58%, Wealth Management 42% (quarter Q3 FY2026).
Institutional ownership scores 1/10, insider activity 2/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 7 / 9 | ROIC | 5.9% |
|---|---|---|---|
| GLS Moat | 7.2 / 10 | ROE | 13.4% |
| Debt / equity | 1.27 | ROA | 1.0% |
| Free-cash-flow yield | 4.5% | Payout ratio | 27% |
| Institutions | 1 / 10 | Insiders · Congress | 2 · 5 / 10 |
Wheel Score 38: No options
NTRSO has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business. It fails the first Wheel Trade Filter (options that actually trade), so the score stays under 70 and is shown as "No options" (38 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at 40k shares a day on a market cap of $31.9B, with a beta of 1.26 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score rates that good.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | no listed options |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Fails | no implied volatility |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 85% below fair value | |
| Premium | Weak | no option data | |
| Moat | Good | moat 7.2/10 | |
| Health | Good | Piotroski 7/9 | |
| Red Flags | Fair | not scored yet - half marks | |
| Option trading | Weak | no option volume data | |
| Stability | Good | beta 1.26, $31.9B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 21 Jan 2027, 77 days away - outside the window of a 30-45-day put sold today. The next ex-dividend date is 15 Dec 2026 (0.2938 per share).
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Asset Management
The 12 companies below are the closest to Northern Trust Corporation by market cap within the Asset Management industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| JUEZX JPMorgan U.S. Equity Fund Class R2 | 27.99 | 125.21 | +78% | 29No options | $31.7B |
| JMUEX JPMorgan U.S. Equity Fund | 28.75 | 766.25 | +96% | 29No options | $31.7B |
| JUESX JPMorgan U.S. Equity Fund Class I | 28.66 | 128.70 | +78% | 29No options | $31.7B |
| NTRS Northern Trust Corporation | 178.02 | 304.08 | +41% | 80Good | $32.2B |
| RJF Raymond James Financial, Inc. | 168.69 | 294.65 | +43% | 81Good | $32.4B |
| FFTHX Fidelity Freedom 2035 Fund | 18.79 | 16.33 | -15% | 14No options | $34.0B |
| FFFEX Fidelity Freedom 2030 Fund | 20.52 | 0.7953 | -2480% | 15No options | $34.1B |
| FFEGX Fidelity Freedom Index 2030 Fund | 24.16 | - | - | 15No options | $28.6B |
| VIPSX Vanguard Inflation-Protected Securities Fund Investor Shares | 11.37 | 1.17 | -871% | 15No options | $27.0B |
| PARDX T. Rowe Price Retirement 2040 Fund | 37.52 | 11.41 | -229% | 11No options | $26.5B |
| SLV iShares Silver Trust | 47.16 | - | - | 37Weak | $26.5B |
| APHKX Artisan International Value Fund Institutional Class | 62.92 | 46.89 | -34% | 15No options | $25.9B |
⚖ Compare NTRSO with 7 of them All Financial Services stocks →
Scan the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the top 10 stocks that pass all 9 Wheel Trade Filters, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about NTRSO
Is NTRSO the same as Northern Trust Corporation stock?
No. NTRSO is not Northern Trust Corporation's common stock: it is a depositary share of its preferred stock - each one a fraction of a single preferred share. Preferred shares pay a set dividend and rank ahead of the common stock if the company fails, but usually carry no vote and do not share in the company's growth the same way. The valuation models on this page are built for common stock and say little about a preferred share. The common stock trades as NTRS (common stock).
Is NTRSO undervalued right now?
By the GLS models, yes: at 17.77 the stock is 85% below the average fair value of 117.23 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of NTRSO and what does it mean?
NTRSO has no listed options in our nightly snapshot, so it cannot be wheeled; it fails the first Wheel Trade Filter (options that actually trade), stays under 70 and is shown as "No options".
What is the GLS fair value for NTRSO?
117.23 per share as of 5 Nov 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Northern Trust Corporation report earnings next?
The next earnings report is due on 21 Jan 2027, 77 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does NTRSO have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on NTRSO, so the wheel strategy cannot be run on it and the Wheel Score stays under 70.