(MS) Morgan Stanley - Ratings and Ratios
Underwriting, Advisory, Brokerage, Lending, Investment
MS EPS (Earnings per Share)
MS Revenue
Description: MS Morgan Stanley
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 | 242,420m |
| Sub-Industry | Investment Banking & Brokerage |
| IPO / Inception | 1993-02-23 |
MS Stock Ratings
| Growth Rating | 84.7% |
| Fundamental | 42.6% |
| Dividend Rating | 77.5% |
| Return 12m vs S&P 500 | 23.9% |
| Analyst Rating | 3.42 of 5 |
MS Dividends
| Dividend Yield 12m | 2.43% |
| Yield on Cost 5y | 8.64% |
| Annual Growth 5y | 26.19% |
| Payout Consistency | 91.9% |
| Payout Ratio | 42.8% |
MS Growth Ratios
| Growth Correlation 3m | 91% |
| Growth Correlation 12m | 68% |
| Growth Correlation 5y | 75.7% |
| CAGR 5y | 31.05% |
| CAGR/Max DD 3y (Calmar Ratio) | 1.06 |
| CAGR/Mean DD 3y (Pain Ratio) | 3.90 |
| Sharpe Ratio 12m | 1.01 |
| Alpha | 26.32 |
| Beta | 1.324 |
| Volatility | 27.58% |
| Current Volume | 3594.5k |
| Average Volume 20d | 5182.1k |
| Stop Loss | 150.4 (-3%) |
| Signal | 0.79 |
Piotroski VR‑10 (Strict, 0-10) 2.5
| Net Income (14.76b TTM) > 0 and > 6% of Revenue (6% = 6.50b TTM) |
| FCFTA -0.02 (>2.0%) and ΔFCFTA -0.67pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -353.8% (prev -363.6%; Δ 9.76pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA -0.01 (>3.0%) and CFO -17.67b <= Net Income 14.76b (YES >=105%, WARN >=100%) |
| Net Debt (327.86b) to EBITDA (24.38b) ratio: 13.45 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.45 (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 -1.12% (target <= -2.0% for YES) |
| Gross Margin 56.26% (prev 40.08%; Δ 16.18pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 8.45% (prev 6.21%; Δ 2.24pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 0.41 (EBITDA TTM 24.38b / Interest Expense TTM 46.88b) >= 6 (WARN >= 3) |
Altman Z'' -1.41
| (A) -0.28 = (Total Current Assets 314.31b - Total Current Liabilities 697.80b) / Total Assets 1353.87b |
| (B) 0.08 = Retained Earnings (Balance) 109.57b / Total Assets 1353.87b |
| (C) 0.02 = EBIT TTM 19.29b / Avg Total Assets 1283.16b |
| (D) 0.08 = Book Value of Equity 103.67b / Total Liabilities 1244.60b |
| Total Rating: -1.41 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 42.60
| 1. Piotroski 2.50pt = -2.50 |
| 2. FCF Yield -4.52% = -2.26 |
| 3. FCF Margin -19.32% = -7.25 |
| 4. Debt/Equity 4.04 = -2.06 |
| 5. Debt/Ebitda 13.45 = -2.50 |
| 6. ROIC - WACC (= -1.79)% = -2.23 |
| 7. RoE 13.95% = 1.16 |
| 8. Rev. Trend 88.84% = 6.66 |
| 9. EPS Trend 71.40% = 3.57 |
What is the price of MS shares?
Over the past week, the price has changed by -1.87%, over one month by -0.96%, over three months by +8.50% and over the past year by +42.29%.
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 182.65 USD . This means that MS is currently undervalued and has a potential upside of +17.74% (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 | 154.8 | -0.2% |
| Analysts Target Price | 154.8 | -0.2% |
| ValueRay Target Price | 197.9 | 27.5% |
Last update: 2025-10-11 05:02
MS Fundamental Data Overview
P/E Trailing = 17.1982
P/E Forward = 16.0514
P/S = 3.6947
P/B = 2.5186
P/EG = 1.6712
Beta = 1.324
Revenue TTM = 108.38b USD
EBIT TTM = 19.29b USD
EBITDA TTM = 24.38b USD
Long Term Debt = 327.77b USD (from longTermDebt, last quarter)
Short Term Debt = 93.07b USD (from shortTermDebt, last quarter)
Debt = 436.99b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 327.86b USD (from netDebt column, last quarter)
Enterprise Value = 463.40b USD (242.42b + Debt 436.99b - CCE 216.00b)
Interest Coverage Ratio = 0.41 (Ebit TTM 19.29b / Interest Expense TTM 46.88b)
FCF Yield = -4.52% (FCF TTM -20.94b / Enterprise Value 463.40b)
FCF Margin = -19.32% (FCF TTM -20.94b / Revenue TTM 108.38b)
Net Margin = 13.61% (Net Income TTM 14.76b / Revenue TTM 108.38b)
Gross Margin = 56.26% ((Revenue TTM 108.38b - Cost of Revenue TTM 47.41b) / Revenue TTM)
Gross Margin QoQ = 54.71% (prev 58.69%)
Tobins Q-Ratio = 0.34 (Enterprise Value 463.40b / Total Assets 1353.87b)
Interest Expense / Debt = 2.87% (Interest Expense 12.56b / Debt 436.99b)
Taxrate = 22.65% (1.05b / 4.62b)
NOPAT = 14.92b (EBIT 19.29b * (1 - 22.65%))
Current Ratio = 0.45 (Total Current Assets 314.31b / Total Current Liabilities 697.80b)
Debt / Equity = 4.04 (Debt 436.99b / totalStockholderEquity, last quarter 108.18b)
Debt / EBITDA = 13.45 (Net Debt 327.86b / EBITDA 24.38b)
Debt / FCF = -15.66 (negative FCF - burning cash) (Net Debt 327.86b / FCF TTM -20.94b)
Total Stockholder Equity = 105.79b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.09% (Net Income 14.76b / Total Assets 1353.87b)
RoE = 13.95% (Net Income TTM 14.76b / Total Stockholder Equity 105.79b)
RoCE = 4.45% (EBIT 19.29b / Capital Employed (Equity 105.79b + L.T.Debt 327.77b))
RoIC = 3.53% (NOPAT 14.92b / Invested Capital 422.72b)
WACC = 5.32% (E(242.42b)/V(679.40b) * Re(10.89%) + D(436.99b)/V(679.40b) * Rd(2.87%) * (1-Tc(0.23)))
Discount Rate = 10.89% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -1.05%
Fair Price DCF = unknown (Cash Flow -20.94b)
EPS Correlation: 71.40 | EPS CAGR: 14.44% | SUE: 0.91 | # QB: 6
Revenue Correlation: 88.84 | Revenue CAGR: 35.80% | SUE: 0.78 | # QB: 0
Additional Sources for MS Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle