Pricing Log in Create free account
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

181.62 0.82 −0.45%
Market cap
$286.5B
P/E
14.2×
Fwd P/E
14.3×
Dividend yield
2.37%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Morgan Stanley (MS) P/S ratio

Alert me on P/S ratio

As of 6 November 2026, Morgan Stanley (MS) trades at a P/S ratio of 2.1×. Over the past ten years it has ranged from 0.8× (March 2020) to 3.3× (August 2021); the current reading is higher than 69% of that period. That is in line with the Capital Markets industry median of 2.1× and in line with the Financial sector median of 2.3×.

P/S ratio, daily

Embed this chart

Annual newest first

Period P/S ratio Change
FY2025 2.3× 25.25%
FY2024 1.9× 11.92%
FY2023 1.7× (24.22%)
FY2022 2.2× (23.31%)
FY2021 2.9× 37.28%
FY2020 2.1× 36.27%
FY2019 1.5× 13.58%
FY2018 1.3× (36.62%)
FY2017 2.1× 1.48%
FY2016 2.1× 30.90%

Quarterly newest first

Period P/S ratio Change
Sep 2026 2.2× (11.80%)
Jun 2026 2.5× 21.43%
Mar 2026 2.1× (11.05%)
Dec 2025 2.3× 9.25%
43 more quarters

Against its own ten years

Low 0.8× High 3.3×
Ten-year median 1.9×
Current reading's percentile 66

P/S ratio against peers

Company P/S ratio
NMR Nomura Holdings Inc ADR compare 0.8×
LPLA LPL Financial Holdings Inc. compare 1.1×
MS Morgan Stanley 2.1×
GS The Goldman Sachs Group, Inc. compare 3.7×
IBKR Interactive Brokers Group, Inc. compare 4.8×
CRCL Circle Internet Group, Inc. compare 5.7×
SCHW The Charles Schwab Corporation compare 5.8×
TW Tradeweb Markets Inc. compare 11.8×
HOOD Robinhood Markets, Inc. compare 14.3×
Capital Markets industry median 2.1×
Financial sector median 2.3×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

More on MS