Valuation Morgan Stanley

Equities

Market Closed - Nyse Other stock markets 21:00:02 14/11/2025 GMT			5-day change	1st Jan Change
163.86 ^USD	-1.06%		+0.92%	+30.34%

11-14	US Equity Indexes Mixed as Dip Buyers Lift Tech While Lingering Inflation Concerns Boost Treasury Yields	MT
11-14	Ardent Health Partners Shares Fall After Morgan Stanley Downgrade	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	123,984	176,139	143,693	153,052	202,539	260,424	-	-
Change	-	42.07%	-18.42%	6.51%	32.33%	28.58%	-	-
Enterprise Value (EV) ¹	309,590	366,069	339,995	340,207	407,574	488,981	488,981	488,981
Change	-	18.24%	-7.12%	0.06%	19.8%	19.97%	0%	0%
P/E ratio	10.6x	12.2x	13.8x	18x	15.8x	16.6x	15.6x	14x
PBR	1.34x	1.78x	1.56x	1.68x	2.13x	2.59x	2.43x	2.27x
PEG	-	0.5x	-0.6x	-1.1x	0.3x	0.7x	2.48x	1.3x
Capitalization / Revenue	2.57x	2.95x	2.68x	2.83x	3.28x	3.71x	3.53x	3.35x
EV / Revenue	6.42x	6.13x	6.34x	6.28x	6.6x	6.97x	6.63x	6.3x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / EBIT	21.5x	18.6x	23.7x	27.6x	22.8x	23.2x	22.8x	21.2x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Dividend per Share ²	1.4	2.45	3.025	3.25	3.625	3.862	4.207	4.68
Rate of return	2.04%	2.5%	3.56%	3.49%	2.88%	2.36%	2.57%	2.86%
EPS ²	6.46	8.03	6.15	5.18	7.95	9.897	10.52	11.7
Distribution rate	21.7%	30.5%	49.2%	62.7%	45.6%	39%	40%	40%
Net sales ¹	48,198	59,755	53,668	54,143	61,761	70,172	73,807	77,647
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	14,418	19,672	14,369	12,345	17,860	21,046	21,442	23,038
Net income ¹	10,500	14,566	10,540	8,530	12,800	15,786	16,546	17,781
Net Debt ¹	185,606	189,930	196,302	187,155	205,035	228,557	228,557	228,557
Reference price ²	68.53	98.16	85.02	93.25	125.72	163.86	163.86	163.86
Nbr of stocks (in thousands)	1,809,198	1,794,412	1,690,109	1,641,312	1,611,036	1,589,309	-	-
Announcement Date	20/01/21	19/01/22	17/01/23	16/01/24	16/01/25	-	-	-

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	16.73x	7.01x	-	2.33%	263B
THE GOLDMAN SACHS GROUP, INC.	16.56x	10.54x	-	1.73%	253B
CITIGROUP INC.	13.22x	-	-	2.31%	180B
CHARLES SCHWAB	20.57x	-	-	1.13%	169B
CITIC SECURITIES COMPANY LIMITED	15x	1.53x	-	2.36%	60B
RAYMOND JAMES FINANCIAL, INC.	16.24x	-	-	1.25%	31.93B
LPL FINANCIAL HOLDINGS INC.	31.75x	2.17x	14.35x	0.33%	29.81B
HUATAI SECURITIES CO., LTD.	12.57x	6.63x	-	2.4%	27.64B
CSC FINANCIAL CO., LTD.	10.62x	-	-	3.01%	25.63B
NOMURA HOLDINGS, INC.	9.63x	6.2x	-	4.16%	22.02B
Average	16.29x	5.68x	14.35x	2.1%	106.25B
Weighted average by Cap.	16.61x	7.61x	14.35x	1.96%