Morgan Stanley MS
- Market cap
- $309.4B
- P/E
- 15.7×
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Morgan Stanley (MS) EV/EBITDA
As of 25 September 2026, Morgan Stanley (MS) trades at a EV/EBITDA of 2.8×. Over the past ten years it has ranged from 0.0× (October 2022) to 4.0× (June 2026); the current reading is higher than 90% of that period. That is below the Capital Markets industry median of 8.9× and below the Financial sector median of 9.5×.
EV/EBITDA, daily
Annual
| Period | EV/EBITDA | Change |
|---|---|---|
| FY2025 | 3.2× | 56.54% |
| FY2024 | 2.1× | 16.07% |
| FY2023 | 1.8× | 610.38% |
| FY2022 | 0.3× | (79.53%) |
| FY2021 | 1.2× | — |
| FY2020 | 0.0× | — |
| FY2019 | 0.0× | — |
| FY2018 | 0.0× | — |
| FY2017 | 0.0× | — |
| FY2016 | 0.0× | — |
Quarterly
| Period | EV/EBITDA | Change |
|---|---|---|
| Jun 2026 | 3.0× | 11.94% |
| Mar 2026 | 2.7× | (16.27%) |
| Dec 2025 | 3.2× | 1.19% |
| Sep 2025 | 3.2× | 16.71% |
| 42 more quarters | Free account |
Against its own ten years
EV/EBITDA against peers
| Company | EV/EBITDA |
|---|---|
| IBKR Interactive Brokers Group, Inc. compare | n/m |
| CRCL Circle Internet Group, Inc. compare | n/m |
| NMR Nomura Holdings Inc ADR compare | n/m |
| GS The Goldman Sachs Group, Inc. compare | 2.7× |
| MS Morgan Stanley | 2.8× |
| SCHW The Charles Schwab Corporation compare | 7.4× |
| LPLA LPL Financial Holdings Inc. compare | 11.8× |
| TW Tradeweb Markets Inc. compare | 16.1× |
| HOOD Robinhood Markets, Inc. compare | 43.1× |
| Capital Markets industry median | 8.9× |
| Financial sector median | 9.5× |
| Market median | 11.0× |
What EV/EBITDA is
Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)
More on MS
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement