NOAH vs NTRS

Noah Holdings Limited vs Northern Trust Corporation — Valuation Comparison 2026

By CirclFi Research Team · Updated 2026-06-03 · Data from SEC EDGAR, FRED & GDELT

Quick Summary — NOAH scores higher on quality with 8.2/10 vs NTRS's 6.1/10. NOAH trades at $10.61 while NTRS trades at $169.79. Both analyzed daily using SEC EDGAR data across 13 institutional models.

NOAH

Asset Management
Noah Holdings Limited
Quality
8.2
out of 10
Value Trap
29
LOW
Price
$10.61
Last close
Models
13/13
Active
VS

NTRS

Asset Management
Northern Trust Corporation
Quality
6.1
out of 10
Value Trap
20
SAFE
Price
$169.79
Last close
Models
13/13
Active
NOAH
Bayesian DCF sees +130.7% upside
Limited to 2/13 visible models
NTRS
2 models active
Limited to 2/13 visible models

NOAH vs NTRS — Fair Value Comparison

NOAH
$0$10$19$29 Price$10.61 Bayesian …$24.48 (+130.7%) Earnings …$22.32 (+110.3%)
NTRS
$0$67$134$200 Price$169.79 Bayesian …$70.60 (-57.7%) Earnings …$130.12 (-22.0%)
Market Price Model 1 Model 2

Model-by-Model Comparison

ModelType NOAH Fair ValueNOAH Upside NTRS Fair ValueNTRS Upside
Bayesian DCF Intrinsic $24.48 +130.7% $70.60 -57.7%
Earnings Power Value Intrinsic $22.32 +110.3% $130.12 -22.0%
EROIC Spread Intrinsic $•••.•• ••.•% $•••.•• ••.•%
First Chicago Scenario $•••.•• ••.•% $•••.•• ••.•%
Markov DDM Intrinsic $•••.•• ••.•% $•••.•• ••.•%
ML-RIV Intrinsic $•••.•• ••.•% $•••.•• ••.•%
Dynamic NAV Asset-Based $•••.•• ••.•% $•••.•• ••.•%
PWERM Option-Based $•••.•• ••.•% $•••.•• ••.•%
Regime Cross-Sectional Relative $•••.•• ••.•% $•••.•• ••.•%
Sentiment SOTP Hybrid $•••.•• ••.•% $•••.•• ••.•%
CUCE Ensemble Ensemble $•••.•• ••.•% $•••.•• ••.•%
FTNN Topology Relative $•••.•• ••.•% $•••.•• ••.•%
RCMH-DCF Intrinsic $•••.•• ••.•% $•••.•• ••.•%

NOAH vs NTRS — Which Stock Is More Undervalued in 2026?

NOAH scores higher with a 8.2/10 quality rating vs NTRS's 6.1/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

How Do NOAH and NTRS Valuations Compare?

At $10.61, NOAH trades +130.7% below its Bayesian DCF fair value of $24.48, while NTRS at $169.79 trades +57.7% above its estimate of $70.60. NOAH shows a wider gap between price and intrinsic value.

Quality of Company: NOAH vs NTRS

NOAH earns a Quality of Company score of 8.2/10 compared to NTRS's 6.1/10. This moderate difference suggests one company has an edge in fundamental quality, though both may offer investment merit depending on valuation. The QOC score synthesizes 32 signals spanning profitability margins, revenue growth, free cash flow, capital allocation, and leverage.

Value Trap Risk: NOAH vs NTRS

NOAH carries a LOW value trap risk (29/100) while NTRS shows SAFE risk (20/100). Both companies show manageable value trap risk, suggesting their current valuations are not artificially depressed by fundamental deterioration.

Both in Asset Management

Both NOAH and NTRS operate in Asset Management, which has 448 stocks tracked by CirclFi. Same-industry comparisons provide the most direct insight into relative valuation since both companies face similar regulatory environments, market dynamics, and competitive pressures. Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN), and ensemble methods (CUCE).

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