Where do Morgan Stanley's ratios come from?

Every ratio is computed from Morgan Stanley's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Morgan Stanley MS Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Net margin	24.6%+2.4pp	23.9%+2.2pp	23.5%+4.3pp	22.3%+3.8pp	22.2%+4.8pp
Returns
Return on equity	16.4%+2.5pp	15.6%+2.4pp	15.1%+4.1pp	14.1%+3.8pp	13.9%+4.4pp
Return on assets	1.3%+0.1pp	1.3%+0.2pp	1.2%+0.3pp	1.2%+0.3pp	1.1%+0.3pp
Efficiency
Asset turnover	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×
Leverage
Debt-to-equity	3.3×+0.3×	3.4×+0.4×	3.1×+0.1×	3.1×+0.3×	2.9×+0.1×
Debt-to-assets	0.2×0.0×	0.3×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×
Per Share
Book value per share	$72.52+8.6%	$70.12+8.1%	$69.16+7.4%	$67.91+8.6%	$66.76+8.8%
Valuation
Market capitalization	$261.31B+38.9%	$282.15B+39.3%	$253.75B+52.7%	$218.03B+40.7%	$188.17B+24.8%
Enterprise value	$499.35B+21.4%	$550.62B+33.4%	$489.25B+28.7%	$446.37B+29.3%	$411.22B+26.5%
Price / earnings	14.4×+1.3×	16.7×+1.6×	15.7×+0.8×	14.8×-0.1×	13.2×-2.7×
Price / sales	3.6×+0.6×	4×+0.7×	3.7×+0.8×	3.3×+0.5×	2.9×+0.2×
Price / book	2.3×+0.5×	2.5×+0.6×	2.3×+0.7×	2×+0.5×	1.8×+0.2×
EV / sales	6.8×+0.4×	7.8×+1.1×	7.1×+0.6×	6.7×+0.6×	6.4×+0.5×
Earnings yield	6.9%-0.7pp	6%-0.6pp	6.4%-0.4pp	6.8%0.0pp	7.6%+1.3pp
Dividend yield	2.5%-0.8pp	2.3%-0.7pp	2.5%-1.0pp	2.8%-0.9pp	3.2%-0.5pp
PEG ratio	0.5×+0.3×	0.6×+0.3×	0.4×-0.7×	0.4×-3.5×	0.3×—

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Questions, answered.

Where do Morgan Stanley's ratios come from?: Every ratio is computed from Morgan Stanley's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.