Morgan Stanley forward PE MS
Share price divided by analysts' consensus earnings for the next twelve months, since 1997.
- Today, Oct 23, 2026
- 13.4×
- 10-year median
- 13.9×
- Against its 10-year history
- 41st
- percentile: 0 is its lowest day, 100 its highest
- 10-year range
- 6.1× to 18.9×
- Peer median
- 20.2×
Morgan Stanley's forward PE is 13.4× as of Oct 23, 2026.
That is below its ten-year median of 13.9×, close to the middle of its last ten years.
Over that time it ranged from 6.1× in Mar 2020 to 18.9× in Feb 2023.
The median for 4 capital markets stocks of a similar size is 20.2×.
Forward PE over time
The dashed line is the 10-year median and the shaded band the middle half of its days.
Year by year
| Year | End of year | Low | High |
|---|---|---|---|
| 2026 so far | 13.4× | 13.1× | 18.0× |
| 2025 | 16.1× | 11.5× | 16.1× |
| 2024 | 15.9× | 12.7× | 16.9× |
| 2023 | 15.6× | 11.7× | 18.9× |
| 2022 | 15.6× | 12.1× | 17.3× |
| 2021 | 14.6× | 9.6× | 15.3× |
| 2020 | 10.8× | 6.1× | 11.8× |
| 2019 | 11.2× | 8.9× | 11.2× |
| 2018 | 9.0× | 8.6× | 15.7× |
| 2017 | 14.9× | 13.1× | 16.7× |
| 2016 | 15.4× | 9.3× | 15.9× |
| 2015 | 16.6× | 13.6× | 20.5× |
| 2014 | 15.1× | 12.7× | 16.1× |
| 2013 | 14.9× | 11.4× | 15.3× |
| 2012 | 11.6× | 8.9× | 32.6× |
| 2011 | 29.7× | 16.9× | 53.7× |
| 2010 | 50.4× | 17.6× | 138× |
| 2009 | 18.5× | 16.1× | 37.3× |
| 2008 | n/m a value too high to mean anything | ||
| 2007 | 10.6× | 10.5× | 10.9× |
Against its peers
Companies in Financial - Capital Markets nearest Morgan Stanley's size, closest first, today.
| Company | Forward PE |
|---|---|
| MSMorgan Stanley | 13.4× |
| GSGoldman Sachs | 12.1× |
| SCHWCharles Schwab | 12.1× |
| HOODRobinhood Markets | 37.3× |
| TWTradeweb Markets | 28.3× |
| Peer median | 20.2× |
Where Morgan Stanley ranks
What the forward PE tells you
Price divided by what analysts expect the company to earn over the next twelve months. It answers "what am I paying for next year" instead of last year.
Estimates are opinions. When forward PE is far below trailing PE, analysts expect a big jump in earnings. If that jump slips, the stock was not as cheap as it looked.
More on Morgan Stanley
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.