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 2025 · Mkt cap
Decision snapshot: NTRS stock price at premium vs PCG $186.66 current versus $105.99 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 PCG'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) · PCG FY 2025 (ended Dec 31, 2025).
Trendline
Five 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 40% equity / 60% debt · EV / Revenue 3.84x · EV / EBITDA 18.84x
NTRS carries the larger enterprise value at $138.38B against $95.85B; PCG trades on the lower EV / Revenue multiple (3.84x vs 17.11x); NTRS on the lower EV / EBITDA (16.16x vs 18.84x).
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.
PG&E CORP · implied price per share
Latest annual free cash flow must be positive to qualify the filing-backed baseline.
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
1.79x
Net debt / EBITDA
Leverage against operating earnings
12.17x
11.30x
Cash and equivalents
Liquid reserves on the balance sheet
$57.47B
$713.00M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
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$161.70B
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