NTRS vs NVG

Northern Trust Corporation vs Nuveen AMT-Free Municipal Credi — 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 NVG's 1.8/10. NTRS trades at $169.79 while NVG trades at $12.64. 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

NVG

Asset Management
Nuveen AMT-Free Municipal Credi
Quality
1.8
out of 10
Value Trap
Price
$12.64
Last close
Models
11/13
Active
NTRS
2 models active
Limited to 2/13 visible models
NVG
2 models active
Quality 1.8/10 — below average

NTRS vs NVG — Fair Value Comparison

NTRS
$0$67$134$200 Price$169.79 Bayesian …$70.60 (-57.7%) Earnings …$130.12 (-22.0%)
NVG
$0$5$10$15 Price$12.64 Bayesian …$3.66 (-71.1%) Markov DDM$10.41 (-16.3%)
Market Price Model 1 Model 2

Model-by-Model Comparison

ModelType NTRS Fair ValueNTRS Upside NVG Fair ValueNVG Upside
Bayesian DCF Intrinsic $70.60 -57.7% $3.66 -71.1%
Earnings Power Value Intrinsic $130.12 -22.0%
EROIC Spread Intrinsic $•••.•• ••.•% $•••.•• ••.•%
First Chicago Scenario $•••.•• ••.•% $•••.•• ••.•%
Markov DDM Intrinsic $47.89 -71.8% $10.41 -16.3%
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 NVG — Which Stock Is More Undervalued in 2026?

NTRS scores higher with a 6.1/10 quality rating vs NVG's 1.8/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

How Do NTRS and NVG Valuations Compare?

At $169.79, NTRS trades +57.7% above its Bayesian DCF fair value of $70.60, while NVG at $12.64 trades +71.1% above its estimate of $3.66. NVG shows a wider gap between price and intrinsic value.

Quality of Company: NTRS vs NVG

NTRS earns a Quality of Company score of 6.1/10 compared to NVG's 1.8/10. 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 NVG

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

Both in Asset Management

Both NTRS and NVG 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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