Is Northern Trust Corp. overvalued or undervalued?

As of 23 October 2024, the valuation grade for Northern Trust Corp. has moved from expensive to fair, indicating a shift in its perceived value. The company is currently fairly valued. Key ratios include a P/E ratio of 11, a Price to Book Value of 1.94, and a PEG ratio of 0.08, which suggests strong growth potential relative to its price.
In comparison to its peers, Northern Trust Corp. has a P/E ratio of 11.61, while Corebridge Financial, Inc. is considered very expensive with a P/E of 34.60, and Franklin Resources, Inc. is very attractive with a P/E of 12.66. Notably, Northern Trust's ROE stands at 17.01%, which is favorable in the context of its industry. Additionally, the company's recent stock performance has outpaced the S&P 500, with a 1-year return of 45.98% compared to the index's 10.26%, reinforcing the notion that the stock is currently fairly valued.