Morgan Stanley (MS) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Morgan Stanley

NYSE•Financial Services•Capital Markets

$203.52+1.10(0.01%)After hours

Market Cap

$316.27B

P/E

15.7x

P/S

4.1x

P/B

2.7x

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. The company offers capital raising and financial advisory services, including services related to the underwriting of debt, equity securities, and other products, as well as advice on mergers and acquisitions, restructurings, and project finance. It also provides equity and fixed income products comprising sales, financing, prime brokerage, and market-making services; Asia wealth management; business-related investments services; originating corporate and commercial real estate loans, secured lending facilities, and extending securities-based and other financing; and research activities. In addition, the company offers financial advisor-led brokerage, investment advisory, custody, cash management, and administrative services; self-directed brokerage services; financial and wealth planning services; stock plan administration; securities-based lending, residential real estate loans, and other lending products; banking; and retirement plan services. Further, it provides equity, fixed income, alternatives and solutions, and liquidity and overlay services to benefit/defined contribution plans, foundations, endowments, government entities, sovereign wealth funds, insurance companies, third-party fund sponsors, corporations, and individuals. Morgan Stanley was founded in 1924 and is headquartered in New York, New York.

How this company scores

GoodMetricSide Score: 60/100

Strongest: Profitability (25/25); weakest: Cash & Earnings Quality (4/25).

Profitability25/25

Growth25/25

Balance Sheet & Red Flags6/25

Cash & Earnings Quality4/25

Strengths

Growing revenueStrong marginsHigh ROERising earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 15.7x5y range 9.8x – 16.6x

Currently near its 20-quarter median.

P/S · 4.1x5y range 2.3x – 4.1x

Currently above its 20-quarter median.

P/B · 2.7x5y range 1.3x – 2.7x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

Free cash flow has been negative in 6 of the last 8 quarters — earnings are not translating to cash.

Leverage Risk

Red Flag

D/E ratio is 3.3 — heavily leveraged and vulnerable to rising rates or cash flow dips.

Price & Volume

Market Cap $316.27B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $78.04B
Q. Revenue: $21.35B
TTM EBITDA: $26.15B
TTM Op. Income: $26.15B
Q. Op. Income: $7.35B
TTM Net Income: $20.16B
Q. Net Income: $5.58B
EPS: $3.5
Shares Out.: $1.55B

$78.04B in TTM revenue grew 18.0% YoY, reaching $21.35B last quarter. TTM EBITDA of $26.15B and TTM operating income of $26.15B show growth is flowing through to the bottom line. TTM net income of $20.16B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 34.4%
Op. Margin: 34.4%
Net Margin: 26.1%

Op. margin of 34.4% is up 6.9% YoY — cost efficiency is improving. Net margin at 26.1% Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 15.7x
P/S Ratio: 4.1x
P/B Ratio: 2.7x

At 15.7x P/E, the stock trades within typical market levels. P/S of 4.1x and P/B of 2.7x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 4% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.68T
Cash: $160.13B
Long-Term Debt: $383.16B
Book Value: $116.33B
D/E Ratio: 3.3
Debt/EBITDA: 52.1

With $1.68T in assets and $383.16B in long-term debt, D/E is 3.3and book value is $116.33B — elevated leverage, meaning significant financial risk in a downturn. Across the last 8 quarters, debt/equity has risen for 3 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-2.75B
TTM Free Cash Flow: $-15.59B
FCF Margin: -20.0%
FCF / Net Income: -0.8

TTM FCF of $-15.59B on $-2.75B in operating cash flow. The FCF / Net Income ratio of -0.8x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is up 12% — a weakening trend.