Northern Trust Corp
$138.38B- Market cap
- $34.15B
- Debt
- +$161.70B
- Cash
- −$57.47B
Capital structure 17% equity / 83% debt · EV / Revenue 17.11x · EV / EBITDA 16.16x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2026 ·
Decision snapshot: NTRS stock price at premium vs BBWI $186.66 current versus $54.83 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at BBWI's multiple
Implied fair value · at NTRS's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Multiple premium
Expensive
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: NTRS FY 2025 (ended Dec 31, 2025) · BBWI FY 2026 (ended Jan 31, 2026). Fiscal years are not aligned.
Trendline
Six fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 17% equity / 83% debt · EV / Revenue 17.11x · EV / EBITDA 16.16x
Capital structure 49% equity / 51% debt · EV / Revenue 0.98x · EV / EBITDA 5.07x
NTRS carries the larger enterprise value at $138.38B against $7.15B; BBWI trades on the lower EV / Revenue multiple (0.98x vs 17.11x); BBWI on the lower EV / EBITDA (5.07x vs 16.16x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
NORTHERN TRUST CORP · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
BATH & BODY WORKS, INC. · implied price per share
Bear
$26.50
Base
$31.55
Bull
$40.51
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Not enough data to score either balance sheet.
Debt / equity
Total debt against shareholders' equity
12.48x
-3.26x
Net debt / EBITDA
Leverage against operating earnings
12.17x
2.28x
Cash and equivalents
Liquid reserves on the balance sheet
$57.47B
$953.00M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
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$161.70B
$4.17B
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