Morgan Stanley (MS) Valuation
Historical valuation analysis based on 1280 data points (2021-09-13 to 2026-10-16)
Morgan Stanley is a massive global financial services firm, with offices in 42 countries and more than 82,000 employees as of year-end 2025. The firm cut its teeth in investment banking and institu...
Morgan Stanley (MS) currently trades at a P/E ratio of 14.07 (historical range: 8.78–20.31, median: 14.65), placing it at the 42th percentile — near its historical average, P/S ratio of 3.63 (range: 2.16–4.87, 77th percentile — above its historical average), EV/EBITDA of 25.26 (range: 25.26–34.32, 0th percentile).
Over the historical period (2021-09-13 to 2026-10-16), Morgan Stanley's P/E ratio has expanded by 31% over the observed period (from an average of 12.6 to 16.5).
Morgan Stanley trades below its historical valuation range, with most metrics below their median levels.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 14.07 | 14.65 | 42th | near its historical average |
| P/S Ratio | 3.63 | 2.96 | 77th | above its historical average |
| EV/EBITDA | 25.26 | 27.13 | 0th | cheap relative to its history |
Morgan Stanley (MS) Valuation & P/E History
Morgan Stanley (MS) is a US-listed stock operating in the Financial Services sector, specifically the Security Brokers, Dealers & Flotation Companies industry currently trading at $180.70 with a market capitalization of $283.8 billion. This page provides historical valuation analysis for MS based on 1280 data points covering 2021-09-13 to 2026-10-16. The P/E ratio of 14.07 is below the historical median of 14.65, placing MS at the 42th percentile of its valuation range. The P/S ratio of 3.63 compares to a median of 2.96.
MS Valuation Metrics & Historical Range
The valuation table above shows Morgan Stanley's current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether MS is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests MS is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for Morgan Stanley.
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is MS Overvalued or Undervalued?
Morgan Stanley trades below its historical valuation range, with most metrics below their median levels. The overall valuation percentile of 40 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive MS is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full MS analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.MS trades on NYSE. This page is for informational purposes only and is not financial advice.