Skip to Content
Morningstar

Morgan Stanley MS

Morningstar Rating
Unlock
Stock XNYS Rating as of
$100.33 +0.11 (0.11%)
View Full Chart
As of Delayed Price Closed
Unlock our analysis with Morningstar Investor
Start Free Trial

Company Report

View Archive

Morgan Stanley: Fair Value Estimate Up to $97; Strong Start to Year and Outlook Generally Positive

Michael Wong

We are increasing our fair value estimate for narrow-moat-rated Morgan Stanley to $97 from $88 per share. This implies a forward price/earnings ratio of about 13 times and a price/tangible book ratio of 2.4 times. Of the $9 increase in our fair value estimate, approximately $2 is from earnings accumulated since our previous valuation update. The remainder is from changes in our earnings forecast, such as from higher investment management revenue after the increase in US equity markets, and some lowering of how much shareholder equity we assess the company will need to retain for regulatory capital requirements.

Read Full Report

Price vs Fair Value

View History
MS is trading at a 897% premium.
Price
$100.32
Fair Value
$79.00
Uncertainty
Medium
1-Star Price
$899.72
5-Star Price
$51.80
Economic Moat
Sqqjk
Capital Allocation
Bqnhhwzctz

Bulls Say, Bears Say

Bulls

Increases in asset prices can materially improve revenue and operating margins in the company's asset-management and wealth-management segments. There's also a sweet spot to the level of interest rates that can improve earnings.

Bears

Operating leverage has recently led to strong earnings performance, but any pullback in revenue from a recession could also lead to material margin contraction.

Show More
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if MS is a good fit for your portfolio.
Get 7 Days Free

News

View All

Trading Information

Previous Close Price
$100.22
Day Range
$99.38–100.89
52-Week Range
$69.42–100.98
Bid/Ask
$100.41 / $100.60
Market Cap
$163.05 Bil
Volume/Avg
5.7 Mil / 7.8 Mil

Key Statistics

Price/Earnings (Normalized)
16.58
Price/Sales
3.20
Dividend Yield (Trailing)
3.39%
Dividend Yield (Forward)
3.39%
Total Yield
6.89%

Company Profile

Morgan Stanley is a global investment bank whose history, through its legacy firms, can be traced back to 1924. The company has institutional securities, wealth management, and investment management segments. The company had over $4 trillion of client assets as well as over 80,000 employees at the end of 2022. Approximately 50% of the company's net revenue is from its institutional securities business, with the remainder coming from wealth and investment management. The company derives about 30% of its total revenue outside the Americas.
Sector
Financial Services
Industry
Capital Markets
Stock Style Box
Large Value
Total Number of Employees
80,000
Website
https://www.morganstanley.com

Competitors

Valuation

View More
Metric
MS
GS
BAC
Price/Earnings (Normalized)
 16.5817.2113.01
Price/Book Value
 1.801.461.15
Price/Sales
 3.203.303.18
Price/Cash Flow
 10.509.638.42
Price/Earnings
MS
GS
BAC

Financial Strength

Metric
MS
GS
BAC
Quick Ratio
 ———
Current Ratio
 ———
Interest Coverage
 ———
Quick Ratio
No chart available

Profitability

Metric
MS
GS
BAC
Return on Assets (Normalized)
 1.02%0.80%0.92%
Return on Equity (Normalized)
 13.37%12.72%11.28%
Return on Invested Capital (Normalized)
 ———
Return on Assets
MS
GS
BAC
See how this stock stacks up to its competitors with Morningstar Investor
Start Free Trial

Capital Markets Industry Comparables

Screen in Investor
Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
GS
The Goldman Sachs Group IncPcjlldnJdfjv$150.8 Bil
SCHW
Charles Schwab CorpVysdylnnxsGbzll$142.7 Bil
RJF
Raymond James Financial IncWqpbqnknSsx$26.2 Bil
TW
Tradeweb Markets IncBxbnlvglrNklyf$24.0 Bil
LPLA
LPL Financial Holdings IncPmcdvfbcjTvctxj$20.1 Bil
IBKR
Interactive Brokers Group Inc Class AQtglkprmmJtbnf$13.3 Bil
SF
Stifel Financial CorpFrvxjztlzPxrbg$8.4 Bil
MKTX
MarketAxess Holdings IncQxndysfghhPpwy$8.2 Bil
EVR
Evercore Inc Class APjrvrjkbzNxcjdb$7.8 Bil

Sponsor Center