Pricing Log in Create free account
Saturday 17 October 2026 Export MS’s income statement to Excel — free account

Morgan Stanley

MS Financial Capital Markets

Morgan Stanley’s revenue for fiscal 2025 (year ended December 2025) was $119.7 billion, up 11.5% from fiscal 2024. In the quarter to September 2026, revenue grew 6.69%, EPS grew 13.4%, free cash flow fell 132.2% and total debt rose 19.4%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for five.

180.57 1.53 −0.84%
Market cap
$286.0B
P/E
14.0×
Fwd P/E
17.9×
Dividend yield
2.30%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Morgan Stanley (MS) P/B ratio

Alert me on P/B ratio

As of 16 October 2026, Morgan Stanley (MS) trades at a P/B ratio of 2.6×. Over the past ten years it has ranged from 0.6× (February 2016) to 3.4× (June 2026); the current reading is higher than 93% of that period. That is above the Capital Markets industry median of 1.5× and above the Financial sector median of 1.2×.

P/B ratio, daily

Embed this chart

Annual newest first

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 newest first

Period P/B ratio Change
Sep 2026 2.7× (10.37%)
Jun 2026 3.0× 24.04%
Mar 2026 2.4× (10.44%)
Dec 2025 2.7× 10.15%
43 more quarters

Against its own ten years

Low 0.6× High 3.4×
Ten-year median 1.3×
Current reading's percentile 93

P/B ratio against peers

Company P/B ratio
NMR Nomura Holdings Inc ADR compare 1.1×
IBKR Interactive Brokers Group, Inc. compare 1.7×
GS The Goldman Sachs Group, Inc. compare 2.4×
MS Morgan Stanley 2.6×
TW Tradeweb Markets Inc. compare 3.3×
SCHW The Charles Schwab Corporation compare 3.6×
LPLA LPL Financial Holdings Inc. compare 4.4×
CRCL Circle Internet Group, Inc. compare 5.8×
HOOD Robinhood Markets, Inc. compare 9.3×
Capital Markets industry median 1.5×
Financial sector median 1.2×
Market median 1.7×

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))

The full definition of P/B ratio →

More on MS