Question 1

What is Morgan Stanley's P/S ratio?

Accepted Answer

Morgan Stanley (MS) P/S ratio is 2.8× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for Morgan Stanley?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Morgan Stanley specifically, the relevant sector benchmark is the current sector median of 2.2×.

Question 5

Is Morgan Stanley's P/S ratio high or low?

Accepted Answer

Morgan Stanley's P/S ratio of 2.8× is above its own 5-year average of 2.2× and above the sector median of 2.2×. That places the current reading at the 82th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Morgan Stanley's historical P/S ratio range?

Accepted Answer

In the available daily series, Morgan Stanley (MS) P/S ratio has ranged from a low of 0.2× in 2008 to a high of 3.6× in 2021. The 5-year average is 2.2× and the 5-year median is 2.1×.

Question 7

What was Morgan Stanley's P/S ratio in 2025?

Accepted Answer

Morgan Stanley (MS) P/S ratio at the end of 2025 was 2.4×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

Why does Morgan Stanley's P/S ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$278.90B	$114.98B	2.4×	+0.5×	Dec 31, 2025
2024	$199.01B	$103.14B	1.9×	+0.3×	Dec 31, 2024
2023	$149.76B	$89.51B	1.7×	-0.6×	Dec 31, 2023
2022	$140.45B	$62.48B	2.2×	-0.7×	Dec 31, 2022
2021	$171.88B	$57.78B	3.0×	+0.5×	Dec 31, 2021
2020	$121.57B	$49.72B	2.4×	+0.9×	Dec 31, 2020
2019	$80.41B	$51.33B	1.6×	+0.2×	Dec 31, 2019
2018	$66.37B	$47.80B	1.4×	-0.8×	Dec 31, 2018
2017	$91.93B	$41.55B	2.2×	+0.1×	Dec 31, 2017
2016	$76.30B	$36.03B	2.1×	+0.4×	Dec 31, 2016
2015	$60.09B	$36.01B	1.7×	-0.4×	Dec 31, 2015
2014	$74.50B	$36.15B	2.1×	+0.4×	Dec 31, 2014
2013	$59.74B	$34.95B	1.7×	+0.5×	Dec 31, 2013
2012	$36.18B	$29.12B	1.2×	+0.5×	Dec 31, 2012
2011	$27.99B	$37.31B	0.8×	-0.3×	Dec 31, 2011
2010	$39.11B	$36.07B	1.1×	-0.3×	Dec 31, 2010
2009	$38.40B	$27.77B	1.4×	+1.2×	Dec 31, 2009
2008	$11.67B	$57.61B	0.2×	-0.4×	Nov 30, 2008
2007	$52.69B	$85.16B	0.6×	-0.3×	Nov 30, 2007
2006	$64.51B	$73.79B	0.9×	-0.1×	Nov 30, 2006
2005	$50.01B	$51.70B	1.0×	-0.2×	Nov 30, 2005
2004	$46.12B	$39.64B	1.2×	-0.3×	Nov 30, 2004
2003	$51.66B	$34.83B	1.5×	+0.2×	Nov 30, 2003
2002	$41.49B	$32.43B	1.3×	+0.1×	Nov 30, 2002
2001	$50.83B	$43.45B	1.2×	—	Nov 30, 2001


Brookfield (BN)	1.3×
The Hartford (HIG)	1.3×
Chesapeake Financial Shares (CPKF)	1.3×
American Financial Group (AFG)	1.3×
Progressive (PGR)	1.3×
Markel (MKL)	1.3×
PSB Holdings (PSBQ)	1.3×
Principal Financial Group (PFG)	1.3×
Travelers Companies (TRV)	1.3×
PayPal (PYPL)	1.2×
Loews (L)	1.2×
Synchrony Financial (SYF)	1.2×
Citigroup (C)	1.2×
AXIS Capital Holdings (AXS)	1.1×
RenaissanceRe Holdings (RNR)	1.1×
Old Republic International (ORI)	1.0×
Everest Re Group (RE)	0.9×
Assurant (AIZ)	0.8×
Allstate (ALL)	0.8×
Mercury General (MCY)	0.8×
Ally Financial (ALLY)	0.8×
Everest Re Group (EG)	0.8×
MetLife (MET)	0.6×
Prudential Financial (PRU)	0.5×
StoneX Group (SNEX)	0.0×

P/S Ratio for Morgan Stanley (MS)

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

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

About P/S Ratio at Morgan Stanley (MS)

Morgan Stanley P/S Ratio by Year

Morgan Stanley P/S Ratio 2025: 2.4×

Morgan Stanley P/S Ratio 2024: 1.9×

Morgan Stanley P/S Ratio 2023: 1.7×

Morgan Stanley P/S Ratio 2022: 2.2×

Morgan Stanley P/S Ratio 2021: 3.0×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Morgan Stanley (MS) Key Financials

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

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

About P/S Ratio at Morgan Stanley (MS)

Morgan Stanley P/S Ratio by Year

Morgan Stanley P/S Ratio 2025: 2.4×

Morgan Stanley P/S Ratio 2024: 1.9×

Morgan Stanley P/S Ratio 2023: 1.7×

Morgan Stanley P/S Ratio 2022: 2.2×

Morgan Stanley P/S Ratio 2021: 3.0×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

+What is Morgan Stanley's P/S ratio?

+How is the P/S ratio calculated?

+What is the P/S ratio?

+What is a good P/S ratio for Morgan Stanley?

+Is Morgan Stanley's P/S ratio high or low?

+What is Morgan Stanley's historical P/S ratio range?

+What was Morgan Stanley's P/S ratio in 2025?

+Why does Morgan Stanley's P/S ratio change over time?

Morgan Stanley (MS) Key Financials