Create a free account

US · USD

MS

Morgan Stanley

US$188.08-2.43% (-US$4.68)
Day's range
US$188.07 – US$192.06
Day's volume
US$1.3bn
52-week range
US$148.49 – US$227.30

Follow MS on Fuolio

See how MS weighs in your net worth, what it has paid you and how far it is from your target allocation.

Create a free account

MS in numbers

Market cap
US$295.4bn
P/E
14.66
P/B
2.54
Dividend yield (12m)
2.21%

The 12-month dividend yield of MS is 2.21%, below its 5-year average of 2.82%.

MS price history

01/10/202530/09/2026
Compare with

MS risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+26.30%+163.52%+136.57%
Volatility (annualised)23.48%26.18%27.42%
Largest drawdown-9.97%-15.95%-26.25%
Positive months9/1224/3636/60

How much did investing in MS return?

US$1,000.00 invested on 01/09/2021 would be worth US$2,365.70 today.

Value today in MS
US$2,365.70
Return over the period
+136.57%
Return per year
+18.80%
In the S&P 500
US$1,788.52

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

MS fundamentals

Valuation

  • P/E
    14.66
  • P/B
    2.54
  • EV/EBITDA
    —
  • EV/EBIT
    —
  • EV/Revenue
    —
  • P/EBIT
    —
  • P/S
    —
  • P/OCF
    -18.95
  • P/FCF
    —
  • Earnings yield
    —
  • PEG ratio
    —
  • Earnings per share
    US$12.83
  • Book value per share
    US$74.07

Debt

  • Net debt
    US$223bn
  • Net debt/EBITDA
    —
  • Net debt/Equity
    1.92
  • Debt/Equity
    3.29
  • Current ratio
    —
  • Quick ratio
    —
  • Cash ratio
    —

Profitability

  • ROE
    17.33%
  • ROA
    1.20%
  • ROIC
    —
  • Payout
    32.34%

Growth

  • Revenue CAGR (5 years)
    —
  • Earnings CAGR (5 years)
    7.98%
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is MS's fair price?

Two classic value formulas, with today's numbers. The current price is US$188.08.

Graham's fair price
US$146.24
22.25% below the price

√(22.50 × US$12.83 × US$74.07)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
US$52.33
72.17% below the price

US$3.14 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

MS indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
P/E16.7215.1416.7812.9711.6311.309.047.75
P/B2.531.941.541.431.661.221.000.84
Dividend yield2.17%2.82%3.49%3.47%2.14%2.04%2.54%2.77%
Earnings per shareUS$10.62US$8.30US$5.56US$6.56US$8.44US$6.06US$5.65US$5.12
Book value per shareUS$70.30US$64.80US$60.56US$59.54US$59.19US$56.12US$50.99US$46.96
ROE15.10%12.81%9.18%11.01%14.26%10.80%11.09%10.90%

MS financial statements

Line202520242023202220212020
Net revenue——————
Cost of sales——————
Gross profit——————
EBITDA——————
EBIT——————
Net finance result——————
Profit before taxUS$22bnUS$17.6bnUS$11.8bnUS$14.1bnUS$19.7bnUS$14.4bn
Income tax-US$4.9bn-US$4.1bn-US$2.6bn-US$2.9bn-US$4.5bn-US$3.2bn
Net incomeUS$16.9bnUS$13.4bnUS$9.1bnUS$11bnUS$15bnUS$11bn

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does MS pay dividends?

Dividend yield per year

  • 1.72%2017
  • 2.77%2018
  • 2.54%2019
  • 2.04%2020
  • 2.14%2021
  • 3.47%2022
  • 3.49%2023
  • 2.82%2024
  • 2.17%2025
  • 1.67%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend30/07/202614/08/2026US$1.15
Dividend29/04/202615/05/2026US$1.00
Dividend29/01/202613/02/2026US$1.00
Dividend30/10/202514/11/2025US$1.00
Dividend30/07/202515/08/2025US$1.00
Dividend29/04/202515/05/2025US$0.93
Dividend30/01/202514/02/2025US$0.93
Dividend30/10/202415/11/2024US$0.93
Dividend30/07/202415/08/2024US$0.93
Dividend26/04/202415/05/2024US$0.85
Dividend29/01/202415/02/2024US$0.85
Dividend27/10/202315/11/2023US$0.85
See all 40 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend27/07/202315/08/2023US$0.85
Dividend27/04/202315/05/2023US$0.78
Dividend27/01/202315/02/2023US$0.78
Dividend27/10/202215/11/2022US$0.78
Dividend27/07/202215/08/2022US$0.78
Dividend27/04/202213/05/2022US$0.70
Dividend27/01/202215/02/2022US$0.70
Dividend27/10/202115/11/2021US$0.70
Dividend28/07/202113/08/2021US$0.70
Dividend28/04/202114/05/2021US$0.35
Dividend27/01/202112/02/2021US$0.35
Dividend28/10/202013/11/2020US$0.35
Dividend29/07/202014/08/2020US$0.35
Dividend28/04/202015/05/2020US$0.35
Dividend29/01/202014/02/2020US$0.35
Dividend29/10/201915/11/2019US$0.35
Dividend29/07/201915/08/2019US$0.35
Dividend26/04/201915/05/2019US$0.30
Dividend29/01/201915/02/2019US$0.30
Dividend29/10/201815/11/2018US$0.30
Dividend27/07/201815/08/2018US$0.30
Dividend26/04/201815/05/2018US$0.25
Dividend29/01/201815/02/2018US$0.25
Dividend27/10/201715/11/2017US$0.25
Dividend26/07/201715/08/2017US$0.25
Dividend26/04/201715/05/2017US$0.20
Dividend26/01/201715/02/2017US$0.20
Dividend26/10/201615/11/2016US$0.20

About Morgan Stanley

Sector
Finance, insurance and real estate

Questions about MS

How much is MS today?

MS is at US$188.08 (-2.43% on the day), last traded on 30/09/2026.

How much did MS pay in dividends in 2025?

MS paid US$3.85 per share in 2025, a dividend yield of 2.17%.

What are the P/E and P/B of MS?

MS trades at a P/E of 14.66 and a P/B of 2.54.

How much did MS return in 12 months?

MS returned 26.30% in 12 months, with annualised volatility of 23.48% and a largest drawdown of -9.97%.