US · USD

MS

Morgan Stanley

$188.08-2.43% (-$4.68)Updated 9/30/26, 5:05 PM

Day's range: $188.07 – $192.06
Day's volume: $1.3B
52-week range: $148.49 – $227.30

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MS in numbers

Market cap: $295.4B

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

10/01/202509/30/2026

Compare with

MS risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	+26.30%	+163.52%	+136.57%
Volatility (annualized)	23.48%	26.18%	27.42%
Largest drawdown	-9.97%	-15.95%	-26.25%
Positive months	9/12	24/36	36/60

How much did investing in MS return?

Amount invested

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

Value today in MS: $2,365.70

Return over the period: +136.57%

Return per year: +18.80%

In the S&P 500: $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
$12.83
Book value per share
$74.07

Debt

Net debt
$223B
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 $188.08.

Graham's fair price: $146.24; 22.25% below the price

√(22.50 × $12.83 × $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: $52.33; 72.17% below the price

$3.14 (5-year average) ÷ 6%

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

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

MS's indicators by year

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

Indicator	2025	2024	2023	2022	2021	2020	2019	2018
P/E	16.72	15.14	16.78	12.97	11.63	11.30	9.04	7.75
P/B	2.53	1.94	1.54	1.43	1.66	1.22	1.00	0.84
Dividend yield	2.17%	2.82%	3.49%	3.47%	2.14%	2.04%	2.54%	2.77%
Earnings per share	$10.62	$8.30	$5.56	$6.56	$8.44	$6.06	$5.65	$5.12
Book value per share	$70.30	$64.80	$60.56	$59.54	$59.19	$56.12	$50.99	$46.96
ROE	15.10%	12.81%	9.18%	11.01%	14.26%	10.80%	11.09%	10.90%

MS's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	—	—	—	—	—	—
Cost of revenue	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—
EBITDA	—	—	—	—	—	—
EBIT	—	—	—	—	—	—
Financial result	—	—	—	—	—	—
Income before tax	$22B	$17.6B	$11.8B	$14.1B	$19.7B	$14.4B
Income tax	-$4.9B	-$4.1B	-$2.6B	-$2.9B	-$4.5B	-$3.2B
Net income	$16.9B	$13.4B	$9.1B	$11B	$15B	$11B

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
Type	Last day to own	Payment	Per share
Dividend	07/30/2026	08/14/2026	$1.15
Dividend	04/29/2026	05/15/2026	$1.00
Dividend	01/29/2026	02/13/2026	$1.00
Dividend	10/30/2025	11/14/2025	$1.00
Dividend	07/30/2025	08/15/2025	$1.00
Dividend	04/29/2025	05/15/2025	$0.93
Dividend	01/30/2025	02/14/2025	$0.93
Dividend	10/30/2024	11/15/2024	$0.93
Dividend	07/30/2024	08/15/2024	$0.93
Dividend	04/26/2024	05/15/2024	$0.85
Dividend	01/29/2024	02/15/2024	$0.85
Dividend	10/27/2023	11/15/2023	$0.85

See all 40 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Dividend	07/27/2023	08/15/2023	$0.85
Dividend	04/27/2023	05/15/2023	$0.78
Dividend	01/27/2023	02/15/2023	$0.78
Dividend	10/27/2022	11/15/2022	$0.78
Dividend	07/27/2022	08/15/2022	$0.78
Dividend	04/27/2022	05/13/2022	$0.70
Dividend	01/27/2022	02/15/2022	$0.70
Dividend	10/27/2021	11/15/2021	$0.70
Dividend	07/28/2021	08/13/2021	$0.70
Dividend	04/28/2021	05/14/2021	$0.35
Dividend	01/27/2021	02/12/2021	$0.35
Dividend	10/28/2020	11/13/2020	$0.35
Dividend	07/29/2020	08/14/2020	$0.35
Dividend	04/28/2020	05/15/2020	$0.35
Dividend	01/29/2020	02/14/2020	$0.35
Dividend	10/29/2019	11/15/2019	$0.35
Dividend	07/29/2019	08/15/2019	$0.35
Dividend	04/26/2019	05/15/2019	$0.30
Dividend	01/29/2019	02/15/2019	$0.30
Dividend	10/29/2018	11/15/2018	$0.30
Dividend	07/27/2018	08/15/2018	$0.30
Dividend	04/26/2018	05/15/2018	$0.25
Dividend	01/29/2018	02/15/2018	$0.25
Dividend	10/27/2017	11/15/2017	$0.25
Dividend	07/26/2017	08/15/2017	$0.25
Dividend	04/26/2017	05/15/2017	$0.20
Dividend	01/26/2017	02/15/2017	$0.20
Dividend	10/26/2016	11/15/2016	$0.20

About Morgan Stanley

Sector: Finance, insurance and real estate

Questions about MS

How much is MS today?

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

How much did MS pay in dividends in 2025?

MS paid $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 annualized volatility of 23.48% and a largest drawdown of -9.97%.