Valuation Morgan Stanley

Equities

Real-time Estimate Cboe BZX Other stock markets 12:40:01 2026-04-15 EDT			5-day change	1st Jan Change
191.32 ^USD	+4.36%		+8.62%	+7.69%

12:32pm	Morgan Stanley Still Sees Bank of Canada's First Rate Hike in Q1 2027	MT
12:03pm	Morgan Stanley CEO Says Q1 Was a Good Volatility Environment	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	176,139	143,693	153,052	202,539	282,150	289,931	-	-
Change	-	-18.42%	6.51%	32.33%	39.31%	2.76%	-	-
Enterprise Value (EV) ¹	366,069	339,995	340,207	407,574	282,150	531,633	531,633	531,633
Change	-	-7.12%	0.06%	19.8%	-30.77%	88.42%	0%	0%
P/E ratio	12.2x	13.8x	18x	15.8x	17.4x	16.1x	14.8x	13.8x
PBR	1.78x	1.56x	1.68x	2.13x	2.76x	2.66x	2.49x	2.36x
PEG	-	-0.6x	-1.1x	0.3x	0.6x	1.4x	1.71x	1.86x
Capitalization / Revenue	2.95x	2.68x	2.83x	3.28x	3.99x	3.8x	3.6x	3.49x
EV / Revenue	6.13x	6.34x	6.28x	6.6x	3.99x	6.96x	6.59x	6.39x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / EBIT	18.6x	23.7x	27.6x	22.8x	12.7x	21.8x	21.1x	21.2x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Dividend per Share ²	2.45	3.025	3.25	3.625	3.85	4.209	4.654	5.153
Rate of return	2.5%	3.56%	3.49%	2.88%	2.17%	2.3%	2.54%	2.81%
EPS ²	8.03	6.15	5.18	7.95	10.21	11.42	12.4	13.32
Distribution rate	30.5%	49.2%	62.7%	45.6%	37.7%	36.9%	37.5%	38.7%
Net sales ¹	59,755	53,668	54,143	61,761	70,645	76,379	80,629	83,190
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	19,672	14,369	12,345	17,860	22,303	24,368	25,190	25,131
Net income ¹	14,566	10,540	8,530	12,800	16,249	18,016	19,019	19,669
Net Debt ¹	189,930	196,302	187,155	205,035	-	241,702	241,702	241,702
Reference price ²	98.16	85.02	93.25	125.72	177.53	183.34	183.34	183.34
Nbr of stocks (in thousands)	1,794,412	1,690,109	1,641,312	1,611,036	1,589,309	1,581,387	-	-
Announcement Date	1/19/22	1/17/23	1/16/24	1/16/25	1/15/26	-	-	-

¹USD in Million²USD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
MORGAN STANLEY	16.06x	6.96x	-	2.3%	290B
THE GOLDMAN SACHS GROUP, INC.	15.35x	11.15x	-	2.02%	279B
CITIGROUP INC.	11.97x	-	-	1.93%	222B
CHARLES SCHWAB	17.16x	5.78x	9.84x	1.21%	171B
CITIC SECURITIES COMPANY LIMITED	10.94x	1.99x	-	3.48%	55.86B
RAYMOND JAMES FINANCIAL, INC.	13.43x	-	-	1.41%	30.2B
LPL FINANCIAL HOLDINGS INC.	17.15x	1.53x	9.71x	0.4%	25.86B
NOMURA HOLDINGS, INC.	10.3x	7.38x	-	3.94%	24.08B
HUATAI SECURITIES CO., LTD.	9.22x	4.11x	-	3.3%	23.55B
YUANTA FINANCIAL HOLDING CO., LTD.	14.44x	5.35x	-	3.71%	20.92B
Average	13.60x	5.53x	9.78x	2.37%	114.23B
Weighted average by Cap.	14.67x	7.48x	9.83x	2.07%