Morgan Stanley MS
196.31
(0.01)
(0.01%)
as of 25 Sep
- Market cap
- $309.4B
- P/E
- 15.7×
Follow MS
Indexes
indicate stock being part of an index,
Growth Flags
show if company had growth for consecutive years
Morgan Stanley (MS) P/B ratio
As of 25 September 2026, Morgan Stanley (MS) trades at a P/B ratio of 2.8×. Over the past ten years it has ranged from 0.6× (February 2016) to 3.4× (June 2026); the current reading is higher than 97% of that period. That is above the Capital Markets industry median of 1.9× and above the Financial sector median of 1.3×.
P/B ratio, daily
Annual
| Period | P/B ratio | Change |
|---|---|---|
| FY2025 | 2.7× | 29.89% |
| FY2024 | 2.1× | 24.77% |
| FY2023 | 1.7× | 6.90% |
| FY2022 | 1.6× | (11.58%) |
| FY2021 | 1.8× | 51.52% |
| FY2020 | 1.2× | 4.98% |
| FY2019 | 1.1× | 19.93% |
| FY2018 | 0.9× | (30.04%) |
| FY2017 | 1.3× | 16.22% |
| FY2016 | 1.1× | 29.21% |
Quarterly
| Period | P/B ratio | Change |
|---|---|---|
| Jun 2026 | 3.0× | 24.04% |
| Mar 2026 | 2.4× | (10.44%) |
| Dec 2025 | 2.7× | 10.15% |
| Sep 2025 | 2.5× | 10.44% |
| 42 more quarters | Free account |
Against its own ten years
Low 0.6×
High 3.4×
Ten-year median
1.3×
Current reading's percentile
97
P/B ratio against peers
| Company | P/B ratio |
|---|---|
| NMR Nomura Holdings Inc ADR compare | 1.2× |
| IBKR Interactive Brokers Group, Inc. compare | 1.8× |
| GS The Goldman Sachs Group, Inc. compare | 2.6× |
| MS Morgan Stanley | 2.8× |
| TW Tradeweb Markets Inc. compare | 2.9× |
| SCHW The Charles Schwab Corporation compare | 3.9× |
| LPLA LPL Financial Holdings Inc. compare | 4.4× |
| CRCL Circle Internet Group, Inc. compare | 6.3× |
| HOOD Robinhood Markets, Inc. compare | 11.3× |
| Capital Markets industry median | 1.9× |
| Financial sector median | 1.3× |
| Market median | 1.8× |
What P/B ratio is
Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.
Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))
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
- Price to free cash flow
- EV/EBITDA
- 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