Friday 6 November 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.

Revenue: +6.69%
EPS: +8.48%
Free cash flow: −132.2%
Total debt: +19.4%

Quarter to September 2026, against a year earlier

183.12 10.85 −5.59%

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Market cap: $286.5B
P/E: 14.4×
Fwd P/E: 14.3×
Dividend yield: 2.35%
F-score: 4/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Morgan Stanley (MS) P/E ratio

Alert me on P/E ratio

As of 5 November 2026, Morgan Stanley (MS) trades at a P/E ratio of 14.4×. Over the past ten years it has ranged from 5.3× (March 2020) to 20.3× (June 2026); the current reading is higher than 66% of that period. That is in line with the Capital Markets industry median of 14.4× and above the Financial sector median of 12.2×.

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<iframe src="https://stockrow.com/embed/MS/pe-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Morgan Stanley P/E ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/MS/metrics/pe-ratio">Morgan Stanley (MS) P/E ratio — stockrow.com</a></p>

Period	P/E ratio	Change
FY2025	17.2×	10.15%
FY2024	15.6×	(13.18%)
FY2023	18.0×	30.32%
FY2022	13.8×	14.75%
FY2021	12.0×	14.45%
FY2020	10.5×	8.15%
FY2019	9.7×	17.65%
FY2018	8.3×	(50.14%)
FY2017	16.6×	15.07%
FY2016	14.4×	33.98%

Period	P/E ratio	Change
Sep 2026	14.7×	(11.72%)
Jun 2026	16.7×	13.33%
Mar 2026	14.7×	(14.35%)
Dec 2025	17.2×	6.60%
43 more quarters	Free account

Against its own ten years

Low 5.3× High 20.3×

Ten-year median 12.7×

Current reading's percentile 63

Company	P/E ratio
NMR Nomura Holdings Inc ADR compare	9.6×
GS The Goldman Sachs Group, Inc. compare	12.4×
MS Morgan Stanley	14.4×
SCHW The Charles Schwab Corporation compare	15.7×
LPLA LPL Financial Holdings Inc. compare	17.2×
IBKR Interactive Brokers Group, Inc. compare	27.7×
TW Tradeweb Markets Inc. compare	29.0×
HOOD Robinhood Markets, Inc. compare	35.8×
CRCL Circle Internet Group, Inc. compare	37.4×
Capital Markets industry median	14.4×
Financial sector median	12.2×
Market median	17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

Morgan Stanley (MS) P/E ratio

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on MS

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on MS

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