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Morgan Stanley Valuation Multiples
Discover revenue and EBITDA valuation multiples for Morgan Stanley and similar public comparables like Goldman Sachs, Wells Fargo, RBC, HSBC and more.
Morgan Stanley Overview
About Morgan Stanley
Morgan Stanley is a massive global financial services firm, with offices in 42 countries and more than 82,000 employees as of year-end 2025. The firm cut its teeth in investment banking and institutional trading, where it maintains a strong presence today, but generates the lion share of its income from wealth and asset management franchises, where it boasted $9.3 trillion in client assets at the end of its most recent fiscal year. After reincorporation as a bank holding company in the wake of the global financial crisis, Morgan Stanley also boasts a top 10 banking franchise by deposits, with more than $400 billion in customer deposits, predominately attributable to cash sweeps from its wealth management and brokerage businesses.
Founded
1981
HQ
Employees
83.0K
Website
Financials (LTM)
EV
$373B
Morgan Stanley Financials
Morgan Stanley reported last 12-month revenue of $72B.
In the same LTM period, Morgan Stanley generated $17B in net income.
Revenue (LTM)
Morgan Stanley P&L
In the most recent fiscal year, Morgan Stanley reported revenue of $71B and net income of $17B.
Morgan Stanley expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $72B | XXX | $71B | XXX | XXX | XXX |
| EBIT Margin | 30% | XXX | 30% | XXX | XXX | XXX |
| Net Profit | $17B | XXX | $17B | XXX | XXX | XXX |
| Net Margin | 24% | XXX | 24% | XXX | XXX | XXX |
| Net Debt | — | — | $289B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Morgan Stanley Stock Performance
Morgan Stanley has current market cap of $265B, and enterprise value of $373B.
Market Cap Evolution
Morgan Stanley's stock price is $167.00.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $373B | $265B | 0.0% | XXX | XXX | XXX | $10.62 |
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Start Free TrialMorgan Stanley Valuation Multiples
Morgan Stanley trades at 5.2x EV/Revenue multiple.
EV / Revenue (LTM)
Morgan Stanley Financial Valuation Multiples
As of April 1, 2026, Morgan Stanley has market cap of $265B and EV of $373B.
Equity research analysts estimate Morgan Stanley's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Morgan Stanley has a P/E ratio of 15.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $265B | XXX | $265B | XXX | XXX | XXX |
| EV (current) | $373B | XXX | $373B | XXX | XXX | XXX |
| EV/Revenue | 5.2x | XXX | 5.3x | XXX | XXX | XXX |
| EV/EBIT | 17.4x | XXX | 17.7x | XXX | XXX | XXX |
| P/E | 15.5x | XXX | 15.7x | XXX | XXX | XXX |
| EV/FCF | — | XXX | (18.0x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Morgan Stanley Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Morgan Stanley Margins & Growth Rates
Morgan Stanley's revenue in the last 12 month grew by 8%.
Morgan Stanley's revenue per employee in the last FY averaged $0.9M, while opex per employee averaged $0.6M for the same period.
Morgan Stanley Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 8% | XXX | 8% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.9M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 2% | XXX | 2% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 41% | XXX | XXX | XXX |
| Opex to Revenue | 68% | XXX | 68% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Morgan Stanley Public Comps
See public comps and valuation multiples for other Investment Banking and Asset Management comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Goldman Sachs | XXX | XXX | XXX | XXX | XXX | XXX |
| Wells Fargo | XXX | XXX | XXX | XXX | XXX | XXX |
| RBC | XXX | XXX | XXX | XXX | XXX | XXX |
| HSBC | XXX | XXX | XXX | XXX | XXX | XXX |
| MUFG | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Morgan Stanley M&A Activity
Morgan Stanley acquired XXX companies to date.
Last acquisition by Morgan Stanley was on XXXXXXXX, XXXXX. Morgan Stanley acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Morgan Stanley
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialMorgan Stanley Investment Activity
Morgan Stanley invested in XXX companies to date.
Morgan Stanley made its latest investment on XXXXXXXX, XXXXX. Morgan Stanley invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Morgan Stanley
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Morgan Stanley
| When was Morgan Stanley founded? | Morgan Stanley was founded in 1981. |
| Where is Morgan Stanley headquartered? | Morgan Stanley is headquartered in United States. |
| How many employees does Morgan Stanley have? | As of today, Morgan Stanley has over 83K employees. |
| Who is the CEO of Morgan Stanley? | Morgan Stanley's CEO is Edward N. Pick. |
| Is Morgan Stanley publicly listed? | Yes, Morgan Stanley is a public company listed on NYSE. |
| What is the stock symbol of Morgan Stanley? | Morgan Stanley trades under MS ticker. |
| When did Morgan Stanley go public? | Morgan Stanley went public in 1986. |
| Who are competitors of Morgan Stanley? | Morgan Stanley main competitors are Goldman Sachs, Wells Fargo, RBC, HSBC. |
| What is the current market cap of Morgan Stanley? | Morgan Stanley's current market cap is $265B. |
| What is the current revenue of Morgan Stanley? | Morgan Stanley's last 12 months revenue is $72B. |
| What is the current revenue growth of Morgan Stanley? | Morgan Stanley revenue growth (NTM/LTM) is 8%. |
| What is the current EV/Revenue multiple of Morgan Stanley? | Current revenue multiple of Morgan Stanley is 5.2x. |
| Is Morgan Stanley profitable? | Yes, Morgan Stanley is net-income-positive (as of the last 12 months). |
| What is the current net income of Morgan Stanley? | Morgan Stanley's last 12 months net income is $17B. |
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