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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Net margin	94.3%+12.8pp	91.8%+15.1pp	89.7%+17.8pp	85.4%+14.5pp	81.5%+10.5pp
Returns
Return on equity	61.3%+12.8pp	58.8%+14.7pp	56.3%+16.3pp	52.2%+13.4pp	48.4%+10.1pp
Return on assets	4.9%+0.9pp	4.8%+1.1pp	4.6%+1.3pp	4.3%+1.0pp	4%+0.8pp
Efficiency
Asset turnover	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×
Leverage
Debt-to-equity	12.9×+1.2×	12.5×+1.0×	12.2×+0.7×	12×+1.0×	11.7×+0.9×
Debt-to-assets	1×0.0×	1×0.0×	1×+0.1×	1×+0.1×	1×+0.1×
Per Share
Book value per share	$279.71+8.2%	$273.95+8.2%	$268.70+8.1%	$263.96+8.0%	$258.56+6.5%
Valuation
Market capitalization	$1.02T+42.6%	$942.1B+39.7%	$862.49B+38.8%	$774.9B+31.8%	$711.79B+24.5%
Enterprise value	$1.99T+28.1%	$1.9T+29.7%	$1.76T+25.7%	$1.65T+27.4%	$1.55T+25.3%
Price / earnings	61.6×+3.6×	60.4×-0.3×	58.8×-3.3×	57.9×-2.8×	58×-1.7×
Price / sales	14.5×+2.7×	13.9×+2.3×	13.2×+2.1×	12.3×+1.6×	11.8×+1.2×
Price / book	9.1×+2.3×	8.6×+2.0×	8×+1.8×	7.3×+1.4×	6.8×+1.1×
EV / sales	28.4×+2.7×	28×+2.8×	26.9×+1.9×	26.3×+2.7×	25.7×+2.9×
Earnings yield	26.1%-1.6pp	26.7%+0.3pp	27.4%+1.5pp	27.7%+1.2pp	27.7%+0.7pp
Dividend yield	10%-3.4pp	10.8%-3.1pp	11.5%-3.3pp	12.5%-2.8pp	13.4%-2.1pp
PEG ratio	1.9×-3.6×	1.6×—	1.3×—	2×—	5.5×—

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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.