MORGAN STANLEY (MS) Fundamental Analysis & Valuation

NYSE:MS • US6174464486

162.55 USD
-5.03 (-3%)
At close: Mar 5, 2026
162.55 USD
0 (0%)
After Hours: 3/5/2026, 8:09:17 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This MS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to MS. MS was compared to 238 industry peers in the Capital Markets industry. Both the profitability and financial health of MS have multiple concerns. MS is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

3

1. MS Profitability Analysis

1.1 Basic Checks

  • MS had positive earnings in the past year.
  • MS had a negative operating cash flow in the past year.
  • Each year in the past 5 years MS has been profitable.
  • The reported operating cash flow has been mixed in the past 5 years: MS reported negative operating cash flow in multiple years.
MS Yearly Net Income VS EBIT VS OCF VS FCFMS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20B -20B 40B

1.2 Ratios

  • The Return On Assets of MS (1.14%) is worse than 64.71% of its industry peers.
  • MS has a Return On Equity of 14.15%. This is in the better half of the industry: MS outperforms 73.95% of its industry peers.
  • MS has a Return On Invested Capital of 1.46%. This is in the lower half of the industry: MS underperforms 63.87% of its industry peers.
Industry RankSector Rank
ROA 1.14%
ROE 14.15%
ROIC 1.46%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
MS Yearly ROA, ROE, ROICMS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • With a Profit Margin value of 13.32%, MS perfoms like the industry average, outperforming 46.22% of the companies in the same industry.
  • In the last couple of years the Profit Margin of MS has declined.
  • MS has a Operating Margin (18.06%) which is in line with its industry peers.
  • In the last couple of years the Operating Margin of MS has declined.
  • MS has a Gross Margin of 54.99%. This is in the better half of the industry: MS outperforms 63.03% of its industry peers.
  • MS's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 18.06%
PM (TTM) 13.32%
GM 54.99%
OM growth 3Y-4.95%
OM growth 5Y-7.71%
PM growth 3Y-5.29%
PM growth 5Y-7.41%
GM growth 3Y-10.21%
GM growth 5Y-8.75%
MS Yearly Profit, Operating, Gross MarginsMS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

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0

2. MS Health Analysis

2.1 Basic Checks

  • MS has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
MS Yearly Shares OutstandingMS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B
MS Yearly Total Debt VS Total AssetsMS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200B 400B 600B 800B 1T

2.2 Solvency

  • Based on the Altman-Z score of -0.07, we must say that MS is in the distress zone and has some risk of bankruptcy.
  • With a Altman-Z score value of -0.07, MS is not doing good in the industry: 76.47% of the companies in the same industry are doing better.
  • A Debt/Equity ratio of 7.41 is on the high side and indicates that MS has dependencies on debt financing.
  • MS's Debt to Equity ratio of 7.41 is on the low side compared to the rest of the industry. MS is outperformed by 86.97% of its industry peers.
Industry RankSector Rank
Debt/Equity 7.41
Debt/FCF N/A
Altman-Z -0.07
ROIC/WACCN/A
WACCN/A
MS Yearly LT Debt VS Equity VS FCFMS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100B 200B

2.3 Liquidity

  • A Current Ratio of 0.30 indicates that MS may have some problems paying its short term obligations.
  • With a Current ratio value of 0.30, MS is not doing good in the industry: 81.51% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.30 indicates that MS may have some problems paying its short term obligations.
  • MS's Quick ratio of 0.30 is on the low side compared to the rest of the industry. MS is outperformed by 81.51% of its industry peers.
Industry RankSector Rank
Current Ratio 0.3
Quick Ratio 0.3
MS Yearly Current Assets VS Current LiabilitesMS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200B 400B 600B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. MS Growth Analysis

3.1 Past

  • MS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 28.59%, which is quite impressive.
  • Measured over the past years, MS shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.28% on average per year.
  • Looking at the last year, MS shows a quite strong growth in Revenue. The Revenue has grown by 11.54% in the last year.
  • The Revenue has been growing by 17.86% on average over the past years. This is quite good.
EPS 1Y (TTM)28.59%
EPS 3Y18.47%
EPS 5Y9.28%
EPS Q2Q%20.72%
Revenue 1Y (TTM)11.54%
Revenue growth 3Y21.98%
Revenue growth 5Y17.86%
Sales Q2Q%10.28%

3.2 Future

  • MS is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.40% yearly.
  • MS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.42% yearly.
EPS Next Y14.24%
EPS Next 2Y11.25%
EPS Next 3Y9.4%
EPS Next 5Y8.4%
Revenue Next Year8.79%
Revenue Next 2Y7.07%
Revenue Next 3Y6.18%
Revenue Next 5Y5.42%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
MS Yearly Revenue VS EstimatesMS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 20B 40B 60B 80B 100B
MS Yearly EPS VS EstimatesMS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5 10 15

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3

4. MS Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 15.92 indicates a correct valuation of MS.
  • MS's Price/Earnings ratio is in line with the industry average.
  • MS's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.74.
  • The Price/Forward Earnings ratio is 13.94, which indicates a correct valuation of MS.
  • MS's Price/Forward Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.82, MS is valued a bit cheaper.
Industry RankSector Rank
PE 15.92
Fwd PE 13.94
MS Price Earnings VS Forward Price EarningsMS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, MS is valued a bit cheaper than 71.01% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 19.6
MS Per share dataMS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.12
PEG (5Y)1.71
EPS Next 2Y11.25%
EPS Next 3Y9.4%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. MS Dividend Analysis

5.1 Amount

  • MS has a Yearly Dividend Yield of 2.25%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 6.57, MS has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, MS pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.25%

5.2 History

  • The dividend of MS is nicely growing with an annual growth rate of 18.94%!
  • MS has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)18.94%
Div Incr Years0
Div Non Decr Years0
MS Yearly Dividends per shareMS Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • 41.70% of the earnings are spent on dividend by MS. This is a bit on the high side, but may be sustainable.
  • MS's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP41.7%
EPS Next 2Y11.25%
EPS Next 3Y9.4%
MS Yearly Income VS Free CF VS DividendMS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20B -20B
MS Dividend Payout.MS Dividend Payout, showing the Payout Ratio.MS Dividend Payout.PayoutRetained Earnings

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MS Fundamentals: All Metrics, Ratios and Statistics

MORGAN STANLEY

NYSE:MS (3/5/2026, 8:09:17 PM)

After market: 162.55 0 (0%)

162.55

-5.03 (-3%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)01-15
Earnings (Next)04-15
Inst Owners62.56%
Inst Owner Change-0.14%
Ins Owners0.19%
Ins Owner Change-0.01%
Market Cap257.32B
Revenue(TTM)119.66B
Net Income(TTM)15.56B
Analysts74.55
Price Target200.51 (23.35%)
Short Float %1.37%
Short Ratio2.33
Dividend
Industry RankSector Rank
Dividend Yield 2.25%
Yearly Dividend3.8
Dividend Growth(5Y)18.94%
DP41.7%
Div Incr Years0
Div Non Decr Years0
Ex-Date01-30
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)17.52%
Min EPS beat(2)5.77%
Max EPS beat(2)29.27%
EPS beat(4)4
Avg EPS beat(4)19.15%
Min EPS beat(4)5.77%
Max EPS beat(4)29.27%
EPS beat(8)7
Avg EPS beat(8)14.05%
EPS beat(12)11
Avg EPS beat(12)10.53%
EPS beat(16)13
Avg EPS beat(16)8.07%
Revenue beat(2)2
Avg Revenue beat(2)3.7%
Min Revenue beat(2)1.43%
Max Revenue beat(2)5.96%
Revenue beat(4)4
Avg Revenue beat(4)4.02%
Min Revenue beat(4)1.43%
Max Revenue beat(4)5.96%
Revenue beat(8)7
Avg Revenue beat(8)2.74%
Revenue beat(12)9
Avg Revenue beat(12)10.9%
Revenue beat(16)12
Avg Revenue beat(16)9.91%
PT rev (1m)5.09%
PT rev (3m)16.79%
EPS NQ rev (1m)1.23%
EPS NQ rev (3m)1.64%
EPS NY rev (1m)2.07%
EPS NY rev (3m)7.92%
Revenue NQ rev (1m)2.17%
Revenue NQ rev (3m)2.48%
Revenue NY rev (1m)0.13%
Revenue NY rev (3m)3.26%
Valuation
Industry RankSector Rank
PE 15.92
Fwd PE 13.94
P/S 2.2
P/FCF N/A
P/OCF N/A
P/B 2.34
P/tB 2.95
EV/EBITDA 19.6
EPS(TTM)10.21
EY6.28%
EPS(NY)11.66
Fwd EY7.18%
FCF(TTM)-4.26
FCFYN/A
OCF(TTM)-2.32
OCFYN/A
SpS73.81
BVpS69.46
TBVpS55.05
PEG (NY)1.12
PEG (5Y)1.71
Graham Number126.32
Profitability
Industry RankSector Rank
ROA 1.14%
ROE 14.15%
ROCE 3.33%
ROIC 1.46%
ROICexc 1.61%
ROICexgc 1.69%
OM 18.06%
PM (TTM) 13.32%
GM 54.99%
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-4.95%
OM growth 5Y-7.71%
PM growth 3Y-5.29%
PM growth 5Y-7.41%
GM growth 3Y-10.21%
GM growth 5Y-8.75%
F-Score4
Asset Turnover0.09
Health
Industry RankSector Rank
Debt/Equity 7.41
Debt/FCF N/A
Debt/EBITDA 31.03
Cap/Depr 59.4%
Cap/Sales 2.63%
Interest Coverage 0.45
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.3
Quick Ratio 0.3
Altman-Z -0.07
F-Score4
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)28.59%
EPS 3Y18.47%
EPS 5Y9.28%
EPS Q2Q%20.72%
EPS Next Y14.24%
EPS Next 2Y11.25%
EPS Next 3Y9.4%
EPS Next 5Y8.4%
Revenue 1Y (TTM)11.54%
Revenue growth 3Y21.98%
Revenue growth 5Y17.86%
Sales Q2Q%10.28%
Revenue Next Year8.79%
Revenue Next 2Y7.07%
Revenue Next 3Y6.18%
Revenue Next 5Y5.42%
EBIT growth 1Y37.32%
EBIT growth 3Y15.93%
EBIT growth 5Y8.77%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y78.72%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y86.95%
OCF growth 3YN/A
OCF growth 5YN/A

MORGAN STANLEY / MS FAQ

Can you provide the ChartMill fundamental rating for MORGAN STANLEY?

ChartMill assigns a fundamental rating of 3 / 10 to MS.


What is the valuation status of MORGAN STANLEY (MS) stock?

ChartMill assigns a valuation rating of 3 / 10 to MORGAN STANLEY (MS). This can be considered as Overvalued.


What is the profitability of MS stock?

MORGAN STANLEY (MS) has a profitability rating of 3 / 10.


What is the valuation of MORGAN STANLEY based on its PE and PB ratios?

The Price/Earnings (PE) ratio for MORGAN STANLEY (MS) is 15.92 and the Price/Book (PB) ratio is 2.34.


What is the expected EPS growth for MORGAN STANLEY (MS) stock?

The Earnings per Share (EPS) of MORGAN STANLEY (MS) is expected to grow by 14.24% in the next year.