Overview Dividends

(MS) Morgan Stanley - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US6174464486

Wealth Management, Investment Management, Institutional Securities

Investment Banking & Brokerage
Market Cap in USD: 284,802m

IPO / Inception: 1993-02-23
Return 12m vs S&P 500: 28.5%

EPS (Earnings per Share)

EPS CAGR: 9.24%
EPS Trend: 50.2%

Last SUE: 4.00
Qual. Beats: 7

Revenue

Rev. CAGR: 22.51%
Rev. Trend: 95.1%

Last SUE: 1.04
Qual. Beats: 2

Dividends

Dividend Yield	2.18%
Yield on Cost 5y	6.66%
Yield CAGR 5y	26.19%
Payout Consistency	90.7%
Payout Ratio	39.5%

Risk via 5d forecast
Volatility	24.5%
Value at Risk 5%th	37.1%
Relative Tail Risk	-7.92%

Reward TTM
Sharpe Ratio	1.35
Alpha	25.40
CAGR/Max DD	1.09

Character TTM
Hurst Exponent	0.561
Beta	1.309
Beta Downside	1.514

Drawdowns 3y
Max DD	29.24%
Mean DD	7.83%
Median DD	5.78%

Description: MS Morgan Stanley December 01, 2025

Morgan Stanley (NYSE: MS) is a diversified financial services firm that operates across Institutional Securities, Wealth Management, and Investment Management. It delivers capital-raising, underwriting, M&A advisory, and project-finance services to governments, corporations, and high-net-worth individuals worldwide.

In the Institutional Securities segment, the bank combines equity and fixed-income sales, prime brokerage, and market-making. Recent data show that net revenue in Q3 2024 rose 5% YoY to roughly $13.5 billion, driven largely by higher trading volumes and a 12% increase in underwriting fees.

The Wealth Management arm, anchored in North America and expanding in Asia, now oversees about $2.5 trillion in client assets, with a 2024-23 net new assets inflow of $120 billion, reflecting strong demand for discretionary portfolio management amid volatile equity markets.

Investment Management provides multi-asset solutions to pension plans, sovereign wealth funds, and endowments, managing roughly $1.1 trillion in assets. A key sector driver is the ongoing shift toward ESG-focused allocations, which has lifted the firm’s alternatives AUM by 8% year-over-year.

Given the firm’s exposure to interest-rate cycles and global M&A activity, analysts should monitor the Federal Reserve policy path and cross-border deal flow as primary risk factors.

For a deeper, data-driven look at Morgan Stanley’s valuation dynamics, consider exploring the ValueRay platform’s quantitative models.

Piotroski VR‑10 (Strict, 0-10) 3.5

Net Income (16.18b TTM) > 0 and > 6% of Revenue (6% = 6.73b TTM)

FCFTA -0.01 (>2.0%) and ΔFCFTA 1.19pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -556.6% (prev -249.8%; Δ -306.8pp) (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 (341.15b) to EBITDA (26.27b) ratio: 12.99 <= 3.0 (WARN <= 3.5)

Current Ratio 0.26 (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 56.91% (prev 53.73%; Δ 3.18pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 8.55% (prev 8.06%; Δ 0.49pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 0.44 (EBITDA TTM 26.27b / Interest Expense TTM 47.86b) >= 6 (WARN >= 3)

Altman Z'' -2.53

(A) -0.46 = (Total Current Assets 216.31b - Total Current Liabilities 840.30b) / Total Assets 1364.81b

(B) 0.08 = Retained Earnings (Balance) 112.43b / Total Assets 1364.81b

(D) 0.08 = Book Value of Equity 106.10b / Total Liabilities 1253.76b

Total Rating: -2.53 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 44.93

1. Piotroski 3.50pt

2. FCF Yield -3.02%

3. FCF Margin -16.17%

4. Debt/Equity 3.77

5. Debt/Ebitda 12.99

6. ROIC - WACC (= -2.09)%

7. RoE 15.07%

8. Rev. Trend 95.10%

9. EPS Trend 50.18%

What is the price of MS shares?

As of December 21, 2025, the stock is trading at USD 176.98 with a total of 5,685,012 shares traded.
Over the past week, the price has changed by -0.80%, over one month by +9.05%, over three months by +11.35% and over the past year by +50.98%.

Is MS a buy, sell or hold?

Morgan Stanley has received a consensus analysts rating of 3.42. Therefor, it is recommend to hold MS.

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	169.5	-4.2%
Analysts Target Price	169.5	-4.2%
ValueRay Target Price	231.3	30.7%

MS Fundamental Data Overview December 13, 2025

Market Cap USD = 284.80b (284.80b USD * 1.0 USD.USD)
P/E Trailing = 18.4881
P/E Forward = 17.1821
P/S = 4.1558
P/B = 2.8593
P/EG = 1.4551
Beta = 1.215
Revenue TTM = 112.10b USD
EBIT TTM = 21.10b USD
EBITDA TTM = 26.27b USD
Long Term Debt = 332.20b USD (from longTermDebt, last quarter)
Short Term Debt = 82.43b USD (from shortTermDebt, last quarter)
Debt = 414.62b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 341.15b USD (from netDebt column, last quarter)
Enterprise Value = 601.21b USD (284.80b + Debt 414.62b - CCE 98.22b)
Interest Coverage Ratio = 0.44 (Ebit TTM 21.10b / Interest Expense TTM 47.86b)
FCF Yield = -3.02% (FCF TTM -18.13b / Enterprise Value 601.21b)
FCF Margin = -16.17% (FCF TTM -18.13b / Revenue TTM 112.10b)
Net Margin = 14.43% (Net Income TTM 16.18b / Revenue TTM 112.10b)
Gross Margin = 56.91% ((Revenue TTM 112.10b - Cost of Revenue TTM 48.30b) / Revenue TTM)
Gross Margin QoQ = 56.85% (prev 54.71%)
Tobins Q-Ratio = 0.44 (Enterprise Value 601.21b / Total Assets 1364.81b)
Interest Expense / Debt = 3.13% (Interest Expense 12.96b / Debt 414.62b)
Taxrate = 22.78% (1.37b / 6.03b)
NOPAT = 16.29b (EBIT 21.10b * (1 - 22.78%))
Current Ratio = 0.26 (Total Current Assets 216.31b / Total Current Liabilities 840.30b)
Debt / Equity = 3.77 (Debt 414.62b / totalStockholderEquity, last quarter 109.96b)
Debt / EBITDA = 12.99 (Net Debt 341.15b / EBITDA 26.27b)
Debt / FCF = -18.82 (negative FCF - burning cash) (Net Debt 341.15b / 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 = 4.80% (EBIT 21.10b / Capital Employed (Equity 107.37b + L.T.Debt 332.20b))
RoIC = 3.76% (NOPAT 16.29b / Invested Capital 433.50b)
WACC = 5.85% (E(284.80b)/V(699.43b) * Re(10.84%) + D(414.62b)/V(699.43b) * Rd(3.13%) * (1-Tc(0.23)))
Discount Rate = 10.84% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -1.05%
Fair Price DCF = unknown (Cash Flow -18.13b)
EPS Correlation: 50.18 | EPS CAGR: 9.24% | SUE: 4.0 | # QB: 7
Revenue Correlation: 95.10 | Revenue CAGR: 22.51% | SUE: 1.04 | # QB: 2
EPS next Quarter (2026-03-31): EPS=2.79 | Chg30d=+0.007 | Revisions Net=+0 | Analysts=11
EPS next Year (2026-12-31): EPS=10.55 | Chg30d=+0.035 | Revisions Net=+1 | Growth EPS=+6.5% | Growth Revenue=+5.3%

Additional Sources for MS Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle