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Morgan Stanley (MS)

合理估值
Financial ServicesCapital MarketsUnited States

基本面

61

价格

$184.46

市值

$304.12B

第一部分 · 这家公司值多少

概览

Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Asia, Europe, the Middle East, and Africa. It operates through Institutional Securities, Wealth Management, and Investment Management segments. The company offers capital raising and financial advisory services, including services related to the underwriting of debt, equity securities, and other products, as well as advice on mergers and acquisitions, restructurings, and project finance. It also provides equity and fixed income products comprising sales, financing, prime brokerage, and market-making services; Asia wealth management; business-related investments services; originating corporate and commercial real estate loans, secured lending facilities, and extending securities-based and other financing; and research activities. In addition, the company offers financial advisor-led brokerage, investment advisory, custody, cash management, and administrative services; self-directed brokerage services; financial and wealth planning services; stock plan administration; securities-based lending, residential real estate loans, and other lending products; banking; and retirement plan services. Further, it provides equity, fixed income, alternatives and solutions, and liquidity and overlay services to benefit/defined contribution plans, foundations, endowments, government entities, sovereign wealth funds, insurance companies, third-party fund sponsors, corporations, and individuals. Morgan Stanley was founded in 1924 and is headquartered in New York, New York.

No editorial profile for this company yet

Direct competitors

Who this company fights with for the same customers

Compare

Generated on 2026年9月19日 with claude-haiku-4-5 — shared with all users

P/E: 13.9Score: 62Market cap: $266.79B

The closest peer by business mix: both are US bulge-bracket firms bidding for the same M&A and equity underwriting mandates, the same institutional trading flow, and increasingly the same ultra-high-net-worth wealth clients.

P/E: 14.2Score: 65Market cap: $894.72B

Leads the global league tables in investment banking and markets alongside Morgan Stanley, and its private bank and self-directed brokerage compete for the same affluent US clients.

P/E: 12.5Score: 67Market cap: $387.89B

Through Merrill Lynch it runs the other large US wirehouse adviser network, competing account by account with Morgan Stanley's financial advisers, while BofA Securities bids for the same underwriting and trading business.

P/E: 17.8Score: 72Market cap: $169.99B

Competes for the retail and self-directed side of Morgan Stanley's wealth business — the E*TRADE accounts, workplace stock plans and adviser custody — largely on price.

P/E: 18.5Score: 67Market cap: $229.70B

A top-five global investment bank competing for the same advisory, debt and equity capital markets mandates and the same institutional trading clients, with a private bank aimed at the same very wealthy families.

UBS Group AGUBS

After absorbing Credit Suisse it is the main global rival in wealth management — the segment that supplies most of Morgan Stanley's revenue — and it names Morgan Stanley among its own competitors in the Americas.

资产负债表与流动性

营收

$78.04B

最近12个月(截至2026/6/30)

净利润

$20.16B

最近12个月(截至2026/6/30)

自由现金流

-

股东权益合计

$111.63B

负债合计

$1.31T

流动比率

0.30

利息覆盖率

2.41

债务/EBITDA

-

每股收益

营收与净利润

自由现金流

收入构成

历史财务表

利润率变化

债务变化

增长一览表

增长 — 营业收入

公允价值估算

银行合理估值

公允价值

$155.37

当前价格

$184.46

安全边际

-18.7%

公允价值区间

$100.99 - $209.75

所用估值方法之间的离散区间,并非经过统计校准的置信区间。

估算方法

分析师目标价:$235.81
现金流折现法(DCF):不适用于此类公司
市盈率法(P/E):$183.98
格雷厄姆成长公式:不适用于此类公司
盈利能力价值(EPV):不适用于此类公司
合理市净率(P/B):$134.16
股息折现模型(戈登模型):$59.14
P/FFO(运营资金):不适用于此类公司
周期中段收益:不适用于此类公司
市销率法(P/S):不适用于此类公司
分析师共识:买入 (20B / 12H / 1S)
最近财报超预期:+14.11%

估值指标

市盈率(P/E)

15.20

ROE

15.1%

市净率(P/B)

2.54

P/FCF

-

毛利率

-

ROIC

-

盈利能力雷达图

价值创造(经济护城河)

ROIC

-

WACC

6.1%

ROIC − WACC

-

基本面分析标准

通过(14)

  • EPS shows upward trend
  • EPS CAGR 7.24%
  • Price CAGR 17.64%
  • P/B Ratio 2.54
  • Operating Margin 33.5%
  • Interest Coverage
  • Low reliance on intangibles
  • ROE 17.8%
  • Revenue Growth 5Y 17.9%
  • Analyst Consensus 61% Buy
  • Earnings Surprise avg 15.3%
  • PEG Ratio 1.61
  • Share Dilution -2.0%
  • Net Margin Trend 25.8% vs 22.3%

未通过(6)

  • Debt/Equity ratio
  • Return on Tangible Assets
  • Price below Graham Number
  • DCF valuation (Unknown)
  • Earnings Quality (OCF/NI) -0.77
  • Piotroski F-Score 3/9

不可用(8)

  • ROIC NaN%
  • Gross Margin NaN%
  • P/FCF NaN
  • Dividend Payout NaN%
  • Positive Free Cash Flow
  • CapEx intensity
  • Current Ratio
  • Debt/EBITDA

Piotroski F-评分

3/9

存在严重财务隐患

score
criteria

盈利质量

-0.77

低质量:需深入审查会计处理

股权稀释

-2.0%

正在回购股份,对股东友好

机构持股

公司治理

管理团队

姓名职位年龄
Mr. Edward N. PickCEO & Chairman of the Board56
Mr. Daniel Aaron SimkowitzCo-President59
Mr. Andrew Michael SapersteinCo-President58
Ms. Sharon YeshayaExecutive VP & CFO45
Mr. Eric F. GrossmanExecutive VP and Chief Legal & Administrative Officer58
Mr. Michael A. PizziExecutive VP & Global Head of Technology and Operations50
Mr. Michael John WilsonChief U.S. Equity Strategist & Chief Investment Officer-
Victoria WorsterChief Accounting Officer & Controller-
Ms. Robyn Maslynsky GoldschmidManaging Director-
Mr. Clint G. GartinChairman of Investment Banking-

审计风险

6

董事会风险

5

薪酬风险

5

股东权利风险

7

第二部分 · 价格与买入时机

这一部分不判断公司是否值得拥有:它帮助你在基本面说服你之后,选择何时买入。包含:技术分析、潜力、历史回撤、Gamma 敞口。

文件

  • 年度报告(10-K)

    对公司业务、财务业绩和风险的年度概述。

    提交日期:2026-02-19

    查看文件
  • 季度报告(10-Q)

    最近三个月财务表现的最新情况。

    提交日期:2026-08-04

    查看文件
  • 临时报告(8-K)

    关于重大事件(如管理层变动或重要公告)的通知。

    提交日期:2026-07-15

    查看文件

via SEC EDGAR

损益历史

via SEC EDGAR

Latest News

Recent headlines for MS, sourced from Markets Gazette.

  • 1d agoNEUTRAL
    Morgan Stanley Launches ‘Digital Asset Lab’ To Test Wall Street Crypto Infrastructure

    Morgan Stanley has launched a 'Digital Asset Lab' to test cryptocurrency infrastructure, signaling a strategic move into the digital asset ecosystem. This initiative aims to enhance compliance, security, and market liquidity as institutional participation in crypto accelerates. While the lab's operational details are still under scrutiny, it represents a significant step for Wall Street in integrating digital asset services. Analysts are closely monitoring liquidity signals and collateral flows following this announcement, which could set a precedent for future institutional involvement in the crypto space.

  • 2d agoNEUTRAL
    Morgan Stanley Builds Crypto Lab to Test Future of Wall Street

    Morgan Stanley has established a Digital Asset Lab to investigate blockchain technologies like stablecoins, tokenization, and decentralized finance (DeFi). This initiative aims to explore potential applications of these systems within the bank's operations. While the move signals an interest in future financial technologies, it does not immediately translate to a direct revenue-generating event or a significant shift in current business performance. Investors will monitor the lab's progress for potential long-term strategic advantages and innovation.

  • 6d agoNEGATIVE
    Email Misfire Leaks Morgan Stanley Deal List

    Morgan Stanley is facing a significant data leak after a banker accidentally distributed an internal list of over 100 deals, including potential IPOs and client information, to external parties. This misstep has forced the financial giant to urgently address the fallout and mitigate damage to its client relationships and competitive standing. The incident raises concerns about internal data security protocols and could lead to reputational damage and potential regulatory scrutiny, impacting investor confidence.

  • 8d agoNEGATIVE
    Morgan Stanley Investigates Misfired Email

    Morgan Stanley is investigating a data leak incident involving a staffer who accidentally disseminated an email containing a confidential list of ongoing investment-banking deals in Asia. This breach of sensitive information raises concerns about internal controls and data security protocols within the financial institution. For investors, such an event could signal operational risks and potentially impact client trust, although the immediate financial implications are yet to be fully assessed. The firm is actively working to understand the scope and origin of the misfired communication.

  • 27d agoNEUTRAL
    Could Bank Research Vanish From X?

    Morgan Stanley is taking action against users on X (formerly Twitter) for sharing its copyrighted research, filing complaints against at least 16 posts and temporarily suspending a key strategist's account. This move sparks debate on fair use and the future of research dissemination on social media platforms. While the immediate impact on Morgan Stanley's stock is unclear, the broader implication for financial research sharing on platforms like X could lead to increased compliance measures and potentially altered information flow for market participants.

  • 28d agoNEUTRAL
    Investors Skeptical on Bessent Put: Morgan Stanley Says (Video)

    Morgan Stanley analysts have expressed skepticism regarding an investment strategy or position referred to as 'Bessent Put'. While the specific details of this strategy are not provided in the available information, the commentary from a major financial institution like Morgan Stanley suggests a cautious or critical view. Investors should monitor any further clarification on the 'Bessent Put' and Morgan Stanley's rationale to understand potential market implications or risks associated with this particular investment approach.

  • 8/14/2026NEUTRAL
    Avoid Being Shaken Out Of The Market: Wilson

    Mike Wilson, chief US equity strategist and chief investment officer at Morgan Stanley, appeared on Bloomberg Money. His commentary, focused on avoiding market shakeouts, suggests a cautious but potentially strategic approach to current market conditions. While the specific advice is not detailed, Wilson's role implies insights relevant to US equity markets and investor sentiment. His presence on a major financial news platform indicates ongoing analysis of market dynamics, though the direct impact on Morgan Stanley's stock is not immediately clear from this announcement alone.

  • 7/22/2026POSITIVE
    Goldman Sachs and Morgan Stanley had a monster quarter. Analysts say these giants could be next.

    Morgan Stanley reported robust first-half earnings, prompting analysts to issue upgrades for both earnings and recommendations. This strong performance from a Wall Street giant suggests a potential positive spillover effect into European markets, with analysts indicating that similar success could be mirrored across the Atlantic. The news implies a favorable environment for financial institutions, potentially leading to increased investor interest and upward price movements for companies within the sector.

  • 7/16/2026POSITIVE
    Morgan Stanley’s E*TRADE launches spot crypto trading through Zero Hash

    Morgan Stanley's E*TRADE platform has introduced spot cryptocurrency trading for eligible retail clients, enabling the buying, selling, and holding of Bitcoin, Ether, and Solana. This new offering is facilitated through a strategic partnership with Zero Hash, a prominent crypto infrastructure provider. The move signifies a significant step for traditional finance in embracing digital assets, potentially attracting new investors to the crypto market and increasing trading volumes for E*TRADE. For Morgan Stanley, this integration could broaden its service offerings and revenue streams.

via Markets Gazette