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P/FCF Ratio for Morgan Stanley (MS)

Latest filings through · Reported

Metric

Current

33.3×

As of Feb 23, 2023

5-Year Average

20.1×

All-Time High

65.2×

Dec 31, 2016

All-Time Low

0.2×

Nov 30, 2008

P/FCF Ratio daily chart for Morgan Stanley (MS)

Jun 8, 2021 – Jun 5, 2026 · 1,255 trading days

P/FCF ratio is not shown for periods when TTM free cash flow was negative.

Historical P/FCF Ratio for Morgan Stanley (MS) from 2001 to 2025

  • 2025—
  • 2024—
  • 2023—
  • 2022—
  • 20215.4×
  • 2020—
  • 20192.1×
  • 201812.2×
  • 2017—
  • 201665.2×
  • 201526.1×
  • 2014—
  • 20131.7×
  • 20121.6×
  • 20115.2×
  • 20101.0×
  • 2009—
  • 20080.2×
  • 2007—
  • 2006—
  • 2005—
  • 2004—
  • 200329.5×
  • 2002—
  • 2001—

About P/FCF Ratio at Morgan Stanley (MS)

Morgan Stanley (MS) P/FCF ratio is 33.3× as of February 23, 2023. The 5-year average is 20.1×. The sector median currently stands at 11.1×. The current ratio is at the 96th percentile of its own 10-year history.

Morgan Stanley (MS) historical P/FCF ratio has ranged from a low of 0.2× (2008) to a high of 65.2× (2016) in the available daily series.

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Morgan Stanley P/FCF Ratio by Year

Morgan Stanley P/FCF Ratio 2021: 5.4×

Morgan Stanley (MS) P/FCF ratio in 2021 was 5.4×, expanded from 2.1× the prior year.

Morgan Stanley P/FCF Ratio 2019: 2.1×

Morgan Stanley (MS) P/FCF ratio in 2019 was 2.1×, contracted from 12.2× the prior year.

Morgan Stanley P/FCF Ratio 2018: 12.2×

Morgan Stanley (MS) P/FCF ratio in 2018 was 12.2×, contracted from 65.2× the prior year.

Morgan Stanley P/FCF Ratio 2016: 65.2×

Morgan Stanley (MS) P/FCF ratio in 2016 was 65.2×, expanded from 26.1× the prior year.

Morgan Stanley P/FCF Ratio 2015: 26.1×

Morgan Stanley (MS) P/FCF ratio in 2015 was 26.1×.

Sector peers by P/FCF Ratio — chart

Current ratio vs. sector peers. Highlighted bar is this company.

Sector peers by P/FCF Ratio — table

Financial Services peers of Morgan Stanley (MS), ranked by P/FCF ratio.

Frequently asked questions

Morgan Stanley (MS) Key Financials

Charts, filings, and peer comparison for every metric

    Morgan Stanley (MS) P/FCF Ratio — Price-to-Free-Cash-Flow History