Morgan Stanley (MS) Stock Analysis

June 13, 2026

Here is a fundamental analysis of Morgan Stanley (MS), benchmarking its profitability, financial strength, dividend and valuation against its industry group peers.

Performance

Cumulative Growth

GSPC

Morgan Stanley (MS) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Morgan Stanley (MS) and S&P 500 (GSPC). Returns over one year are annualized.

Performance at a Glance

Morgan Stanley (MS) metric values compared with Financial Services industry-group medians
Metric	Current stock: MS	Industry group median
1-Year Return	66.17%	0.76%

Risk

Drawdown

GSPC

Morgan Stanley (MS) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Risk at a Glance

Morgan Stanley (MS) metric values compared with Financial Services industry-group medians
Metric	Current stock: MS	Industry group median
1-Year Volatility	25.86%	33.82%
Beta	1.22	1.05

Company Profile

Company profile fields for Morgan Stanley (MS)
Profile Item	MS
Name	Morgan Stanley
Country/Region	United States
GICS Sector	Financials
GICS Industry Group	Financial Services
GICS Industry	Capital Markets
GICS Sub-Industry	Investment Banking & Brokerage
Market Capitalization	337.60 billion USD
Currency	USD
Exchange	NYSE
Listing Date	February 23, 1993
Security Type	Common Stock

Valuation

Price-to-Earnings Ratio (TTM)

Morgan Stanley (MS) trades at P/E ratio of 19.39, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

MS

Financial Services industry group

19.39

Group distribution

Max: 47.33
Q3: 25.83
MS: 19.39
Median: 14.56
Q1: 9.03
Min: 0.60

Largest peers

MA: 28.32
V: 28.08
AXP: 20.33
GS: 19.42
MS: 19.39
BRK.B: 14.56
BRK.A: 14.52

Where Morgan Stanley (MS) stands on P/E ratio within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Price-to-Sales Ratio (TTM)

Morgan Stanley (MS) trades at 4.61 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.

MS

Financial Services industry group

4.61

Group distribution

Max: 9.45
Q3: 4.84
MS: 4.61
Median: 2.86
Q1: 1.48
Min: -1.12

Largest peers

V: 14.25
MA: 12.76
GS: 5.10
MS: 4.61
AXP: 3.23
BRK.B: 2.81
BRK.A: 2.80

Where Morgan Stanley (MS) stands on P/S ratio within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Price-to-Book Ratio (MRQ)

Morgan Stanley (MS) trades at 3.23 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

MS

Financial Services industry group

3.23

Group distribution

Max: 7.24
Q3: 3.50
MS: 3.23
Median: 1.63
Q1: 0.92
Min: 0.00

Largest peers

MA: 64.68
V: 17.29
AXP: 6.53
MS: 3.23
GS: 2.98
BRK.A: 1.45
BRK.B: 0.00

Where Morgan Stanley (MS) stands on P/B ratio within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Valuation at a Glance

Morgan Stanley (MS) metric values compared with Financial Services industry-group medians
Metric	Current stock: MS	Industry group median
Price-to-Earnings Ratio (TTM)	19.39	14.56
Price-to-Sales Ratio (TTM)	4.61	2.86
Price-to-Book Ratio (MRQ)	3.23	1.63
Free Cash Flow Yield	--	--

Profitability

Return on Equity (TTM)

Morgan Stanley (MS) posts ROE of 16.39%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

MS

Financial Services industry group

16.39%

Group distribution

Max: 42.17%
Q3: 21.40%
MS: 16.39%
Median: 12.18%
Q1: 5.01%
Min: -18.74%

Largest peers

MA: 232.08%
V: 60.35%
AXP: 34.42%
MS: 16.39%
GS: 14.55%
BRK.B: 10.50%
BRK.A: 10.50%

Where Morgan Stanley (MS) stands on ROE within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Net Profit Margin (TTM)

Morgan Stanley (MS) keeps 24.75% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

MS

Financial Services industry group

24.75%

Group distribution

Max: 66.55%
Q3: 30.41%
MS: 24.75%
Median: 16.58%
Q1: 4.49%
Min: -26.88%

Largest peers

V: 51.68%
MA: 45.88%
GS: 29.36%
MS: 24.75%
BRK.B: 19.31%
BRK.A: 19.31%
AXP: 16.31%

Where Morgan Stanley (MS) stands on net margin within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Operating Profit Margin (TTM)

Morgan Stanley (MS) turns 40.62% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

MS

Financial Services industry group

40.62%

Group distribution

Max: 95.95%
Q3: 50.01%
MS: 40.62%
Median: 27.45%
Q1: 12.28%
Min: -36.26%

Largest peers

V: 67.35%
MA: 60.84%
MS: 40.62%
GS: 38.60%
AXP: 21.25%
BRK.B: 14.35%
BRK.A: 14.35%

Where Morgan Stanley (MS) stands on operating margin within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Profitability at a Glance

Morgan Stanley (MS) metric values compared with Financial Services industry-group medians
Metric	Current stock: MS	Industry group median
Return on Equity (TTM)	16.39%	12.18%
Return on Assets (TTM)	1.27%	3.03%
Net Profit Margin (TTM)	24.75%	16.58%
Operating Profit Margin (TTM)	40.62%	27.45%
Gross Profit Margin (TTM)	--	--

Financial Strength

Current Ratio (MRQ)

current ratio is set aside for Morgan Stanley (MS) in Financial Services: these balance sheets are not best read through a current/non-current split, so regulatory, funding, or liquidity-coverage measures usually matter more.

Debt-to-Equity Ratio (MRQ)

debt-to-equity ratio is set aside for Morgan Stanley (MS) in Financial Services: leverage is part of the business model itself, so capital adequacy, funding mix, and regulatory measures are usually better risk gauges.

Financial Strength at a Glance

Morgan Stanley (MS) metric values compared with Financial Services industry-group medians
Metric	Current stock: MS	Industry group median
Current Ratio (MRQ)	--	--
Debt-to-Equity Ratio (MRQ)	--	--
Net Debt / EBITDA	--	--

Dividends

Dividend Yield (TTM)

Morgan Stanley (MS) has dividend yield of 1.87%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

MS

Financial Services industry group

1.87%

Group distribution

Max: 18.40%
Q3: 7.73%
Median: 1.93%
MS: 1.87%
Q1: 0.00%
Min: 0.00%

Largest peers

MS: 1.87%
GS: 1.69%
AXP: 1.17%
V: 0.83%
MA: 0.71%
BRK.B: 0.00%
BRK.A: 0.00%

Where Morgan Stanley (MS) stands on dividend yield within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Morgan Stanley (MS) has payout ratio of 35.55%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

MS

Financial Services industry group

35.55%

Group distribution

Max: 228.57%
Q3: 95.72%
MS: 35.55%
Median: 25.56%
Q1: 0.00%
Min: 0.00%

Largest peers

MS: 35.55%
GS: 28.31%
V: 21.97%
AXP: 21.29%
MA: 18.23%
BRK.B: 0.00%
BRK.A: 0.00%

Where Morgan Stanley (MS) stands on payout ratio within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Dividends at a Glance

Morgan Stanley (MS) metric values compared with Financial Services industry-group medians
Metric	Current stock: MS	Industry group median
Dividend Yield (TTM)	1.87%	1.93%
Dividend Payout Ratio (TTM)	35.55%	25.56%