(MS) Morgan Stanley - Ratings and Ratios
Underwriting, Advisory, Brokerage, Lending, Investment
MS EPS (Earnings per Share)
MS Revenue
| Risk via 10d forecast | |
|---|---|
| Volatility | 21.8% |
| Value at Risk 5%th | 40.4% |
| Relative Tail Risk | -7.82% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.84 |
| Alpha | 11.13 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.371 |
| Beta | 1.295 |
| Beta Downside | 1.495 |
| Drawdowns 3y | |
|---|---|
| Max DD | 29.24% |
| Mean DD | 7.96% |
| Median DD | 5.95% |
Description: MS Morgan Stanley September 24, 2025
Morgan Stanley (NYSE: MS) is a diversified financial holding company that serves governments, institutions and individual clients across the Americas, Europe, Asia, the Middle East and Africa. Its operations are organized into three primary segments: Institutional Securities, Wealth Management, and Investment Management.
Through Institutional Securities, the firm generates revenue from capital-raising and advisory work, including underwriting debt and equity, M&A advice, restructurings and project-finance transactions. The segment also provides equity and fixed-income sales, financing, prime brokerage and market-making services.
Wealth Management, the fastest-growing segment, delivers financial-advisor-led brokerage, custody, retirement-plan administration, and a suite of lending products (securities-based, residential and commercial real-estate loans). In 2023 the division posted a 12% YoY increase in assets under management (≈ $2.9 trillion) and contributed roughly 30% of total net income, reflecting strong demand for holistic wealth-planning solutions in the United States and expanding Asian markets.
Investment Management offers equity, fixed-income, alternative and liquidity-overlay solutions to a broad client base that includes defined-contribution plans, sovereign wealth funds, endowments and insurance companies. The segment’s fee-based revenue grew 8% YoY in 2023, driven by higher inflows into multi-asset strategies and a shift toward low-volatility, income-oriented products amid a flattening yield curve.
Key macro drivers for Morgan Stanley include the prevailing interest-rate environment (higher rates boost net interest margins on loan portfolios but can dampen M&A activity), global equity market volatility (which fuels trading and advisory demand), and the continued wealth-creation trend in Asia-Pacific, where high-net-worth individuals are allocating more capital to diversified private-banking services.
Financially, the firm reported FY 2023 revenue of $59 billion, net income of $11.5 billion, and a return on equity of 13.2%, with a trailing twelve-month P/E ratio of about 12×-both metrics that remain attractive relative to the broader GICS Investment Banking & Brokerage sub-industry.
For a deeper quantitative comparison of Morgan Stanley’s valuation metrics, the ValueRay platform offers a granular, data-driven dashboard you may find useful.
MS Stock Overview
| Market Cap in USD | 258,040m |
| Sub-Industry | Investment Banking & Brokerage |
| IPO / Inception | 1993-02-23 |
| Return 12m vs S&P 500 | 12.6% |
| Analyst Rating | 3.42 of 5 |
MS Dividends
| Dividend Yield | 2.32% |
| Yield on Cost 5y | 7.77% |
| Yield CAGR 5y | 26.19% |
| Payout Consistency | 91.9% |
| Payout Ratio | 39.5% |
MS Growth Ratios
| CAGR 3y | 27.54% |
| CAGR/Max DD Calmar Ratio | 0.94 |
| CAGR/Mean DD Pain Ratio | 3.46 |
| Current Volume | 6089.8k |
| Average Volume | 5015.4k |
Piotroski VR‑10 (Strict, 0-10) 3.5
| Net Income (16.18b TTM) > 0 and > 6% of Revenue (6% = 6.79b TTM) |
| FCFTA -0.01 (>2.0%) and ΔFCFTA 1.19pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -1016 % (prev -283.8%; Δ -731.7pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA -0.01 (>3.0%) and CFO -15.97b <= Net Income 16.18b (YES >=105%, WARN >=100%) |
| Net Debt (430.57b) to EBITDA (24.92b) ratio: 17.28 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.08 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (1.59b) change vs 12m ago -0.99% (target <= -2.0% for YES) |
| Gross Margin 57.35% (prev 47.42%; Δ 9.93pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 8.64% (prev 7.09%; Δ 1.55pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 0.31 (EBITDA TTM 24.92b / Interest Expense TTM 47.86b) >= 6 (WARN >= 3) |
Altman Z'' -5.09
| (A) -0.84 = (Total Current Assets 103.73b - Total Current Liabilities 1253.76b) / Total Assets 1364.81b |
| (B) 0.08 = Retained Earnings (Balance) 112.43b / Total Assets 1364.81b |
| (C) 0.01 = EBIT TTM 15.07b / Avg Total Assets 1311.42b |
| (D) 0.08 = Book Value of Equity 106.10b / Total Liabilities 1253.76b |
| Total Rating: -5.09 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 46.72
| 1. Piotroski 3.50pt = -1.50 |
| 2. FCF Yield data missing |
| 3. FCF Margin -16.01% = -6.00 |
| 4. Debt/Equity 3.92 = -1.94 |
| 5. Debt/Ebitda 17.28 = -2.50 |
| 6. ROIC - WACC (= -2.66)% = -3.33 |
| 7. RoE 15.07% = 1.26 |
| 8. Rev. Trend 89.67% = 6.73 |
| 9. EPS Trend 80.20% = 4.01 |
What is the price of MS shares?
Over the past week, the price has changed by +1.34%, over one month by +7.41%, over three months by +12.76% and over the past year by +28.24%.
Is Morgan Stanley a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of MS is around 189.01 USD . This means that MS is currently undervalued and has a potential upside of +14.13% (Margin of Safety).
Is MS a buy, sell or hold?
- Strong Buy: 5
- Buy: 1
- Hold: 17
- Sell: 1
- Strong Sell: 0
What are the forecasts/targets for the MS price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 168.2 | 1.5% |
| Analysts Target Price | 168.2 | 1.5% |
| ValueRay Target Price | 204.9 | 23.7% |
MS Fundamental Data Overview November 09, 2025
P/E Trailing = 16.6352
P/E Forward = 16.0514
P/S = 3.7653
P/B = 2.5186
P/EG = 1.6712
Beta = 1.217
Revenue TTM = 113.25b USD
EBIT TTM = 15.07b USD
EBITDA TTM = 24.92b USD
Long Term Debt = 288.78b USD (from longTermDebt, last fiscal year)
Short Term Debt = 98.37b USD (from shortTermDebt, last quarter)
Debt = 430.57b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 430.57b USD (from netDebt column, last quarter)
Enterprise Value = -3.60b USD (258.04b + Debt 430.57b - CCE 692.21b)
Interest Coverage Ratio = 0.31 (Ebit TTM 15.07b / Interest Expense TTM 47.86b)
FCF Yield = 503.0% (FCF TTM -18.13b / Enterprise Value -3.60b)
FCF Margin = -16.01% (FCF TTM -18.13b / Revenue TTM 113.25b)
Net Margin = 14.29% (Net Income TTM 16.18b / Revenue TTM 113.25b)
Gross Margin = 57.35% ((Revenue TTM 113.25b - Cost of Revenue TTM 48.30b) / Revenue TTM)
Gross Margin QoQ = 58.43% (prev 54.71%)
Tobins Q-Ratio = -0.00 (set to none) (Enterprise Value -3.60b / Total Assets 1364.81b)
Interest Expense / Debt = 3.01% (Interest Expense 12.96b / Debt 430.57b)
Taxrate = 22.78% (1.37b / 6.03b)
NOPAT = 11.64b (EBIT 15.07b * (1 - 22.78%))
Current Ratio = 0.08 (Total Current Assets 103.73b / Total Current Liabilities 1253.76b)
Debt / Equity = 3.92 (Debt 430.57b / totalStockholderEquity, last quarter 109.96b)
Debt / EBITDA = 17.28 (Net Debt 430.57b / EBITDA 24.92b)
Debt / FCF = -23.75 (negative FCF - burning cash) (Net Debt 430.57b / FCF TTM -18.13b)
Total Stockholder Equity = 107.37b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.19% (Net Income 16.18b / Total Assets 1364.81b)
RoE = 15.07% (Net Income TTM 16.18b / Total Stockholder Equity 107.37b)
RoCE = 3.80% (EBIT 15.07b / Capital Employed (Equity 107.37b + L.T.Debt 288.78b))
RoIC = 2.73% (NOPAT 11.64b / Invested Capital 426.89b)
WACC = 5.39% (E(258.04b)/V(688.61b) * Re(10.50%) + D(430.57b)/V(688.61b) * Rd(3.01%) * (1-Tc(0.23)))
Discount Rate = 10.50% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -1.05%
Fair Price DCF = unknown (Cash Flow -18.13b)
EPS Correlation: 80.20 | EPS CAGR: 33.69% | SUE: 4.0 | # QB: 7
Revenue Correlation: 89.67 | Revenue CAGR: 41.97% | SUE: 1.02 | # QB: 1
Additional Sources for MS Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle