US · MS
Morgan Stanley
- Sector
- Financial Services · Financial - Capital Markets
- Headquarters
- New York City, NY 10036
- Website
- morganstanley.com
Price · as of 2025-12-31
$190.17
Market cap 264.57B
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $121.01 | -36.37% |
| Intrinsic Value(DCF) | $390.85 | +105.53% |
| Graham-Dodd Method(GD) | $51.12 | -73.12% |
| Graham Formula(GF) | $216.61 | +13.9% |
Valuation history
Annual price (USD per share) overlaid with each model's fair value. Y-axis is log scale.
| Year | Price | AI | DCF | Graham-Dodd | Graham Formula |
|---|---|---|---|---|---|
| 2011 | $13.24 | $141.81 | $18.58 | $38.24 | $31.41 |
| 2012 | $16.80 | $68.57 | $17.90 | $25.85 | $0.00 |
| 2013 | $23.67 | $85.27 | $26.44 | $35.08 | $35.17 |
| 2014 | $27.04 | $47.63 | $30.14 | $35.39 | $19.13 |
| 2015 | $19.70 | $44.14 | $34.74 | $40.55 | $24.87 |
| 2016 | $36.05 | $49.77 | $35.09 | $39.58 | $26.29 |
| 2017 | $46.37 | $69.72 | $34.09 | $35.32 | $70.41 |
| 2018 | $33.50 | $46.95 | $43.92 | $47.82 | $115.13 |
| 2019 | $34.86 | $46.88 | $49.11 | $49.60 | $86.11 |
| 2020 | $72.27 | $58.33 | $60.64 | $64.90 | $33.46 |
| 2021 | $74.87 | $63.43 | $58.39 | $56.70 | $200.60 |
| 2022 | $82.02 | $56.45 | $55.91 | $34.07 | $104.19 |
| 2023 | $82.49 | $59.60 | $288.62 | $25.38 | $266.42 |
| 2024 | $116.81 | $86.66 | $858.58 | $39.40 | $203.67 |
| 2025 | $167.00 | $121.01 | $914.98 | $51.12 | $216.61 |
AI valuation
Our deep-learning model estimates Morgan Stanley's (MS) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $121.01
- Current price
- $190.17
- AI upside
- -36.37%
Methodology and confidence bands appear in the dedicated valuation theory section. The AI score is an estimate, not a recommendation.
Intrinsic value (DCF)
Open DCF calculatorThree textbook valuation models, recomputed daily from the latest financial statements. The DCF uses our Chepakovich model. Graham-Dodd and Graham Formula are conservative reference points.
DCF
$390.85
+105.53% upside
Graham-Dodd
$51.12
-73.12% upside
Graham Formula
$216.61
+13.9% upside
Peer comparison
Same-industry comparables, ranked by market cap.
| Basic Info | Model Valuation | Core Valuation | Profitability | Leverage & Liquidity | Growth | Cash Flow | Dividends | Enterprise Value | Risk | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | Company Name | Price | Market Cap | AI Upside | DCF Upside | GD Upside | GF Upside | P/E | P/B | P/S | EV/EBITDA | PEG | P/TBV | Gross Margin | Operating Margin | Net Margin | ROE | ROIC | ROA | Debt/Equity | Interest Coverage | Current Ratio | Quick Ratio | Net Debt/EBITDA | EPS Growth | Sales Growth | FCF Growth | FCF Yield | Op Cash Flow Ratio | Cash ROIC | Dividend Yield | Dividend Payout | Shareholder Yield | EV/EBIT | EV/FCF | EV/Sales | Altman Z-Score |
| MS | Morgan Stanley | $190.17 | 264.57B | -36% | +106% | -73% | +14% | 15.56 | 2.35 | 2.26 | 7.45 | 54.98 | 2.95 | 57.48% | 18.91% | 14.52% | 15.60% | 30.78% | 1.28% | 4.26 | 0.45 | 1.17 | 1.17 | 13.70 | 2830.00% | 1257.00% | -229524.00% | 17.57% | 0.09 | 83.34% | 2.51% | 39.10% | 4.74% | 9.02 | 4.29 | 1.70 | 0.45 |
| APLD | Applied Digital Corporati… | $27.27 | 7.62B | +175% | +1,905% | — | — | -12.36 | 4.51 | 13.26 | -37.53 | — | 4.51 | 10.53% | -33.53% | -107.22% | -60.92% | -9.76% | -17.55% | 1.11 | -4.05 | 0.77 | 0.21 | -6.41 | -1145.00% | 5774.00% | 52259.00% | -27.90% | -0.21 | -107.71% | 0.09% | -1.10% | 1.19% | -47.69 | -4.32 | 15.99 | 0.93 |
| BITF | Bitfarms Ltd. | $2.20 | 1.24B | +1,108% | -70% | -63% | — | -9.51 | 0.85 | 2.67 | 5.26 | — | 0.85 | -16.78% | -55.77% | -28.03% | -11.98% | -23.79% | -10.33% | 0.04 | -61.89 | 5.89 | 4.30 | -0.49 | -6905.00% | 3178.00% | 17140.00% | -93.43% | -3.88 | -134.35% | 0.00% | 0.00% | 0.00% | -3.63 | -0.81 | 2.03 | 4.55 |
| BTBT | Bit Digital, Inc. | $1.67 | 540.54M | +9,262% | -37% | +145% | +3,055% | 12.59 | 0.77 | 2.18 | 4.54 | — | 0.83 | 61.91% | 16.83% | 17.29% | 9.19% | 10.21% | 7.78% | 0.03 | — | 5.39 | 2.28 | -1.36 | -22500.00% | 26459.00% | 6321.00% | -30.01% | -0.24 | -45.21% | 0.22% | 2.80% | 19.70% | 9.87 | -2.54 | 1.66 | 3.62 |
| CLSK | CleanSpark, Inc. | $9.95 | 2.54B | +735% | +507% | +32% | +1,274% | 10.62 | 1.78 | 5.05 | 4.83 | — | 1.90 | 41.61% | 41.62% | 47.56% | 18.52% | 17.65% | 14.16% | 0.38 | 28.14 | 4.18 | 4.13 | 1.02 | -26232.00% | 10221.00% | -155.00% | -26.46% | -1.46 | -62.74% | 0.28% | 2.90% | 4.02% | 11.55 | -3.60 | 4.81 | 3.20 |
| EVR | Evercore Inc. | $308.84 | 11.95B | -1% | +280% | -81% | +57% | 23.58 | 6.87 | 3.60 | 14.13 | 43.08 | 7.88 | 98.00% | 21.24% | 15.26% | 31.66% | 71.09% | 12.42% | 0.57 | 33.96 | 2.16 | 2.12 | -0.32 | 5474.00% | 2949.00% | 2342.00% | 8.47% | 0.70 | 126.38% | 1.03% | 24.40% | 7.60% | 14.69 | 10.24 | 3.12 | 5.13 |
| GS | The Goldman Sachs Group, … | $859.57 | 260.21B | +5% | -42% | -58% | -57% | 15.69 | 2.16 | 2.15 | 17.90 | 59.00 | 2.75 | 45.70% | 15.69% | 13.73% | 13.91% | 48.89% | 0.99% | 4.95 | 0.29 | 1.21 | 1.21 | 20.86 | 2659.00% | -138.00% | 20855.00% | -17.52% | -0.08 | -149.66% | 1.96% | 30.70% | 6.55% | 19.89 | -8.27 | 3.12 | 0.28 |
| HUT | Hut 8 Corp. | $53.23 | 5.9B | -36% | -60% | -99% | — | -22.39 | 3.91 | 23.62 | 58.27 | — | 4.62 | 91.28% | -136.95% | -96.19% | -20.68% | -21.16% | -11.61% | 0.30 | -10.71 | 1.09 | 0.20 | 3.77 | -16294.00% | 4479.00% | 271.00% | -6.16% | -0.37 | -22.48% | 0.00% | 0.00% | 0.00% | -18.44 | -17.35 | 25.25 | 2.85 |
| LAZ | Lazard Ltd | $50.60 | 4.8B | +106% | -48% | -58% | -46% | 20.91 | 5.67 | 1.55 | 13.04 | — | 10.35 | 31.79% | 13.03% | 7.43% | 31.37% | 20.99% | 4.87% | 2.95 | 4.74 | 29.35 | 31.84 | 2.39 | -1903.00% | 325.00% | -2755.00% | 10.20% | 6.66 | 33.32% | 0.00% | 0.00% | 1.84% | 14.11 | 11.60 | 1.84 | 2.65 |
| MARA | Marathon Digital Holdings… | $8.94 | 3.38B | +252% | -50% | — | — | -714.27 | — | 3.70 | 4.34 | — | -30.78 | -47.73% | -90.64% | -144.58% | -0.23% | -25.38% | -0.07% | — | -16.99 | 0.00 | 0.00 | 0.00 | -31453.00% | 3820.00% | -10000.00% | 0.00% | 0.00 | 0.00% | 0.00% | 0.00% | 62.03% | -4.08 | — | 3.70 | — |
| MC | Moelis & Company | $59.36 | 4.39B | +75% | +94% | -61% | +78% | 19.20 | 7.87 | 2.95 | 11.69 | 29.47 | 7.87 | 99.22% | 18.06% | 15.36% | 46.14% | 139.08% | 14.94% | 0.00 | — | 65.09 | 65.09 | -1.50 | 6517.00% | 2698.00% | 2999.00% | 12.07% | 63.50 | 345.89% | 0.00% | 0.00% | 7.14% | 14.48 | 7.35 | 2.62 | 3.68 |
| MEGL | Magic Empire Global Limit… | $0.93 | 7.5M | +179,509% | +143% | +190% | — | -11.66 | 0.43 | 4.31 | 26.51 | -1.33 | 0.43 | -26.27% | -79.99% | -37.00% | -3.59% | -40.99% | -3.45% | 0.03 | -167.00 | 36.88 | 36.63 | 47.97 | 87382.00% | -731.00% | 15684.00% | -8.43% | -1.31 | -18.64% | 0.00% | 0.00% | 59.08% | 6.66 | 14.64 | -5.33 | 5.88 |
| NCPL | Netcapital Inc. | $0.51 | 2.51M | +37,371% | +2,734% | — | +281,859% | -0.34 | 0.64 | 10.95 | -0.42 | — | 45.72 | 95.36% | -952.43% | -3255.05% | -107.11% | -29.16% | -90.62% | 0.18 | -171.71 | 0.07 | 0.07 | -0.08 | -2895.00% | -8244.00% | 941.00% | -56.09% | -0.97 | -18.80% | 0.00% | 0.00% | 0.00% | -1.44 | -2.23 | 13.70 | -2.47 |
| PJT | PJT Partners Inc. | $147.68 | 3.59B | +5% | +78% | -73% | +5% | 21.18 | 12.38 | 2.23 | 7.81 | 59.22 | 34.95 | 53.04% | 23.16% | 10.51% | 72.74% | -414.56% | 10.36% | 0.00 | — | 69.35 | 69.35 | -1.28 | 3577.00% | 1477.00% | 0.00% | 13.83% | 39.04 | -610.16% | 0.00% | 0.00% | 10.73% | 8.26 | 6.21 | 1.91 | 5.28 |
| RIOT | Riot Platforms, Inc. | $16.29 | 6.06B | +573% | -79% | -21% | -1% | 21.11 | 0.73 | 6.13 | 7.75 | — | 0.77 | 30.24% | 40.78% | 29.05% | 4.35% | 7.02% | 3.65% | 0.20 | 77.38 | 3.74 | 2.78 | 1.03 | -22143.00% | 3420.00% | 28935.00% | -65.91% | -1.59 | -70.07% | 0.00% | 0.00% | 0.50% | 16.35 | -1.65 | 6.67 | 1.86 |
| SF | Stifel Financial Corp. | $74.05 | 11.46B | -1% | +57% | +4% | +33% | 11.36 | 1.30 | 1.23 | 5.12 | — | 1.76 | 86.56% | 13.83% | 10.86% | 11.72% | 16.19% | 1.68% | 0.14 | 1.07 | 4.49 | 6.49 | -1.50 | -592.00% | 694.00% | 15320.00% | 13.58% | 1.31 | 24.98% | 0.00% | 0.00% | 19.25% | 5.48 | 4.53 | 0.76 | 0.58 |
| TOP | TOP Financial Group Limit… | $1.01 | 37.44M | +9,844% | -21% | -87% | +665% | -7.69 | 1.32 | 13.79 | -6.30 | — | 1.32 | 7.40% | -167.21% | -179.30% | -15.83% | -29.61% | -11.43% | 0.01 | — | 3.44 | 3.18 | 2.22 | -59080.00% | -5858.00% | -18154.00% | -31.53% | -1.24 | -76.98% | 0.00% | 0.00% | 0.00% | -6.10 | -2.35 | 10.20 | 2.89 |
About Morgan Stanley
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. It operates through Institutional Securities, Wealth Management, and Investment Management segments. The Institutional Securities segment offers capital raising and financial advisory services, including services related to the underwriting of debt, equity, and other securities, as well as advice on mergers and acquisitions, restructurings, real estate, and project finance. This segment also provides sales and trading services, such as sales, financing, prime brokerage, and market-making services in equity and fixed income products consisting of foreign exchange and commodities; corporate and commercial real estate loans, which provides secured lending facilities and financing for sales and trading customers, and asset-backed and mortgage lending; and wealth management services, investment, and research services. The Wealth Management segment offers financial advisor-led brokerage and investment advisory services; self-directed brokerage services; financial and wealth planning services; workplace services, including stock plan administration; annuity and insurance products; securities-based lending, residential real estate loans, and other lending products; banking; and retirement plan services to individual investors and small to medium-sized businesses and institutions. The Investment Management segment provides equity, fixed income, liquidity, and alternative/other products to benefit/defined contribution plans, foundations, endowments, government entities, sovereign wealth funds, insurance companies, and third-party fund sponsors and corporations through institutional and intermediary channels. Morgan Stanley was founded in 1924 and is headquartered in New York, New York.
- CEO
- Edward N. Pick
- Employees
- 81K
- Beta
- 1.18
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($390.85 ÷ $190.17) − 1 = +105.53% (DCF, example).