Valuation Morgan Stanley

Equities

Market Closed - Nyse Other stock markets 21:00:33 17/04/2026 BST			5-day change	1st Jan Change
188.82 ^USD	+0.80%		+6.29%	+6.36%

04-17	GMR Solutions Inc files for IPO of class A common stock	RE
04-17	Liftoff Mobile Inc - files for initial public offering - SEC filing	RE

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	298,336	-	-
Change	-	-18.42%	6.51%	32.33%	39.31%	5.74%	-	-
Enterprise Value (EV) ¹	366,069	339,995	340,207	407,574	282,150	551,005	551,005	551,005
Change	-	-7.12%	0.06%	19.8%	-30.77%	95.29%	0%	0%
P/E ratio	12.2x	13.8x	18x	15.8x	17.4x	16x	15x	14x
PBR	1.78x	1.56x	1.68x	2.13x	2.76x	2.75x	2.56x	2.43x
PEG	-	-0.6x	-1.1x	0.3x	0.6x	1x	2.12x	2.05x
Capitalization / Revenue	2.95x	2.68x	2.83x	3.28x	3.99x	3.88x	3.69x	3.59x
EV / Revenue	6.13x	6.34x	6.28x	6.6x	3.99x	7.17x	6.82x	6.63x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / EBIT	18.6x	23.7x	27.6x	22.8x	12.7x	22.1x	21.8x	22x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Dividend per Share ²	2.45	3.025	3.25	3.625	3.85	4.2	4.642	5.16
Rate of return	2.5%	3.56%	3.49%	2.88%	2.17%	2.22%	2.46%	2.73%
EPS ²	8.03	6.15	5.18	7.95	10.21	11.78	12.62	13.48
Distribution rate	30.5%	49.2%	62.7%	45.6%	37.7%	35.6%	36.8%	38.3%
Net sales ¹	59,755	53,668	54,143	61,761	70,645	76,826	80,761	83,141
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	19,672	14,369	12,345	17,860	22,303	24,971	25,259	25,097
Net income ¹	14,566	10,540	8,530	12,800	16,249	18,429	19,226	19,799
Net Debt ¹	189,930	196,302	187,155	205,035	-	252,669	252,669	252,669
Reference price ²	98.16	85.02	93.25	125.72	177.53	188.82	188.82	188.82
Nbr of stocks (in thousands)	1,794,412	1,690,109	1,641,312	1,611,036	1,589,309	1,580,000	-	-
Announcement Date	19/01/22	17/01/23	16/01/24	16/01/25	15/01/26	-	-	-

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	15.93x	7.15x	-	2.24%	296B
THE GOLDMAN SACHS GROUP, INC.	15.2x	11.12x	-	2.04%	276B
CITIGROUP INC.	12.02x	-	-	1.93%	221B
CHARLES SCHWAB	16.04x	5.41x	9.25x	1.38%	161B
CITIC SECURITIES COMPANY LIMITED	10.99x	2.02x	-	3.47%	56.18B
RAYMOND JAMES FINANCIAL, INC.	13.22x	-	-	1.43%	29.73B
LPL FINANCIAL HOLDINGS INC.	16.75x	1.49x	9.53x	0.41%	25.06B
NOMURA HOLDINGS, INC.	10.84x	7.47x	-	3.75%	25.17B
HUATAI SECURITIES CO., LTD.	9.26x	4.14x	-	3.29%	23.71B
YUANTA FINANCIAL HOLDING CO., LTD.	14.77x	5.46x	-	3.63%	21.41B
Average	13.50x	5.53x	9.39x	2.36%	113.47B
Weighted average by Cap.	14.43x	7.47x	9.29x	2.09%