NTRS vs NUW

Northern Trust Corporation vs Nuveen AMT-Free Municipal Value — Valuation Comparison 2026

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

Quick Summary — NTRS scores higher on quality with 6.1/10 vs NUW's 1.7/10. NTRS trades at $169.79 while NUW trades at $14.06. Both analyzed daily using SEC EDGAR data across 13 institutional models.

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
VS

NUW

Asset Management
Nuveen AMT-Free Municipal Value
Quality
1.7
out of 10
Value Trap
Price
$14.06
Last close
Models
5/13
Active
NTRS
2 models active
Limited to 2/13 visible models
NUW
First Chicago sees +22.9% upside
Quality 1.7/10 — below average

NTRS vs NUW — Fair Value Comparison

NTRS
$0$67$134$200 Price$169.79 Bayesian …$70.60 (-57.7%) Earnings …$130.12 (-22.0%)
NUW
$0$7$13$20 Price$14.06 Bayesian …$3.66 (-74.0%) First Chi…$17.15 (+22.9%)
Market Price Model 1 Model 2

Model-by-Model Comparison

ModelType NTRS Fair ValueNTRS Upside NUW Fair ValueNUW Upside
Bayesian DCF Intrinsic $70.60 -57.7% $3.66 -74.0%
Earnings Power Value Intrinsic $130.12 -22.0%
EROIC Spread Intrinsic $•••.•• ••.•% $•••.•• ••.•%
First Chicago Scenario $189.78 +13.7% $17.15 +22.9%
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 $•••.•• ••.•% $•••.•• ••.•%

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

NTRS scores higher with a 6.1/10 quality rating vs NUW's 1.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

How Do NTRS and NUW Valuations Compare?

At $169.79, NTRS trades +57.7% above its Bayesian DCF fair value of $70.60, while NUW at $14.06 trades +74.0% above its estimate of $3.66. NUW shows a wider gap between price and intrinsic value.

Quality of Company: NTRS vs NUW

NTRS earns a Quality of Company score of 6.1/10 compared to NUW's 1.7/10. This is a significant quality gap — the higher-scoring company demonstrates materially stronger fundamentals across profitability, growth consistency, and balance sheet health. The QOC score synthesizes 32 signals spanning profitability margins, revenue growth, free cash flow, capital allocation, and leverage.

Value Trap Risk: NTRS vs NUW

Review the value trap analysis for both NTRS and NUW to assess whether apparent undervaluation reflects genuine opportunity or hidden fundamental risk.

Both in Asset Management

Both NTRS and NUW 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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