MS · bank / insurer · relative-multiples view
Morgan Stanley (MS): Valuation Snapshot
Morgan Stanley (MS) is a bank, insurer or other financial, and a discounted-cash-flow model is the wrong lens for one, so TickerWorth does not publish a DCF fair value for it. What its filings and market data do show is below. Snapshot as of Oct 19, 2026.
Model by Miraaj Patel · generated from public market data · Updated Oct 19, 2026 · How these pages are made
How is a bank like MS valued?
This is a bank / insurer / financial. A free-cash-flow DCF is structurally the wrong lens here (their debt and float are raw material, not financing), so we don't publish one. Our bank model (justified price-to-book) declined to value it too: no return on equity is reported, and it is the model's key input. The price-to-book and price-to-earnings figures below are context for comparison, not a fair value.
Bank model (justified price-to-book)
Not published. No return on equity is reported, and it is the model's key input.
What is MS's TickerWorth Score?
Scores lower than most companies we compare it with
Compared with Financial Services companies in US
Its strongest point: a profitable, high-quality business. Its weakest: growth is slow or negative.
- Value · 41 of 100
Cheaper than 41% of Financial Services companies in US
- Price vs worth · 37 of 100
- Quality · 64 of 100
More profitable than 64% of Financial Services companies in US
- Financial health · 36 of 100
Financially stronger than 36% of Financial Services companies in US
- Growth · 34 of 100
Growing faster than 34% of Financial Services companies in US
- Momentum · 46 of 100
Outperformed 46% of Financial Services companies in US over the past year
Confidence: Medium confidence · Scored
Get the Undervalued Company of the Week.
- Price
- $180.57
- Market cap
- $283,
597, 176, 832 - 52-week high
- $232.25
- 52-week low
- $152.80
- Currency
- USD
- Exchange
- NYSE
Snapshot of Oct 19, 2026, quote time not published · Prices are delayed.
What we can say
Morgan Stanley (MS) is a bank, insurer or other financial, and a free-cash-flow discounted-cash-flow (DCF) model is structurally the wrong lens for it: for these businesses debt and float are raw material, not financing, so there is no meaningful 'free cash flow' to discount. Instead of a misleading intrinsic-value number, this page reads MS the way financials are actually valued — on relative multiples such as price-to-earnings and, above all, price-to-book — plus a plain description of where the stock trades. It is a descriptive snapshot, not a valuation, and not investment advice.
Read the full reasoning
On the numbers we do have, MS trades at a recent price of $180.57, a market capitalisation of about $283,597,176,832, sitting 35% of the way up its 52-week range ($152.80–$232.25), on the NYSE.
The standard alternative to a DCF is relative valuation — comparing MS's trading multiples against its direct industry peers. Here that gives P/E of 14.3× (richer than the peer median of 12.2×); Fwd P/E of 13.2× (richer than the peer median of 10.4×); P/B of 2.7× (richer than the peer median of 1.5×); P/S of 3.6× (richer than the peer median of 3.1×); Dividend yield of 2.5% (cheaper than the peer median of 2.3%). A cheaper multiple than peers can flag a discount or a market that expects weaker growth; it is a comparison, not a recommendation.
The asset, or book-value, lens is the classic tool for asset-heavy businesses and financials. MS shows a price-to-book (P/B) of 2.66 and book value of $67.80 per share. Price-to-book compares the market price to the accounting net-asset value per share; below 1.0 can mean a discount to net assets or that the market is pricing in trouble — descriptive either way, never a buy signal on its own.
Finally, a price-based read — explicitly not a valuation. MS is in a mixed trend, trading -22.3% from its 52-week high. Over the past year the stock is +11.5%. Moving-average trend and 52-week position describe where the stock has traded; they say nothing about what it is worth.
To be exact about what this page is not: we are not saying the numbers for MS are unavailable. They are, and they are above. We are saying a discounted-cash-flow model is the wrong instrument for this kind of business, and publishing one anyway — because the inputs happen to exist — would be a precise answer to the wrong question. Refusing is the more useful answer, and it is the same rule we apply to every name in this category.
MS vs peers
Direct industry peers.
| Multiple | MS | Peer median | Read |
|---|---|---|---|
| P/E | 14.3× | 12.2× | richer than |
| Fwd P/E | 13.2× | 10.4× | richer than |
| P/B | 2.7× | 1.5× | richer than |
| P/S | 3.6× | 3.1× | richer than |
| Dividend yield | 2.5% | 2.3% | cheaper than |
What does Morgan Stanley do?
What does it do?
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Asia, Europe, the Middle East, and Africa. It operates through Institutional Securities, Wealth Management, and Investment Management segments. It operates in the Capital Markets industry (Financial Services sector), headquartered in United States. The company employs roughly 83,728 people.
How does it make money?
The business turns $79.8B in annual revenue into profit. Out of every $100 of sales, about $40 is left as operating profit (operating margin of 39.9%), after a 87% gross margin on the products/services it sells. After all costs, taxes and interest, 25.6% of revenue becomes bottom-line net profit.
Is it financially healthy?
Financially it looks mixed: carries heavy debt (5.2× equity), and is currently profitable.
Who at MS filed insider trades?
| Date | Insider | Relationship | What happened | Value | Filing |
|---|---|---|---|---|---|
| MITSUBISHI UFJ FINANCIAL GROUP INC | 10% owner | Disposition to issuer | $284,950,638.48 | Form 4 for MITSUBISHI UFJ FINANCIAL GROUP INC (opens sec.gov in a new tab) | |
| MORGAN STANLEY | — | Other acquisition/disposition | — | Form 4 for MORGAN STANLEY (opens sec.gov in a new tab) | |
| MITSUBISHI UFJ FINANCIAL GROUP INC | 10% owner | Disposition to issuer | $88,383,622.07 | Form 4 for MITSUBISHI UFJ FINANCIAL GROUP INC (opens sec.gov in a new tab) | |
| SCHAPIRO MARY L | Director | Open-market sale | $212,055.00 | Form 4 for SCHAPIRO MARY L (opens sec.gov in a new tab) | |
| SCHAPIRO MARY L | Director | Gift | — | Form 4 for SCHAPIRO MARY L (opens sec.gov in a new tab) | |
| Pizzi Michael A. | Head Technology & Operations | Open-market sale | $3,668,760.00 | Form 4 for Pizzi Michael A. (opens sec.gov in a new tab) |
A disclosure, not a signal to trade. Source: SEC EDGAR (Form 4). Older filings and the 90-day buying-and-selling read are part of Pro. See plans
How does MS compare with its peers?
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Companies we do put a number on
Not investment advice. TickerWorth Score is a model output.
A descriptive, available-data snapshot and relative comparison — NOT a DCF, NOT a price target, and NOT investment advice. TickerWorth is not a licensed investment adviser, and these figures are estimates from public market data that can be wrong, stale or incomplete.