Morgan Stanley (MS) EV/EBITDA Ratio: 21.74x
Is Morgan Stanley’s EV/EBITDA ratio high or low?
Morgan Stanley's EV/EBITDA ratio of 21.74x is in line with its 5-year average of 21.47x, around the middle of its 5-year range (14.31x–28.19x).
The EV/EBITDA ratio for Morgan Stanley (MS) is 21.74x as of Wednesday, June 10, 2026. It is below its 12-month average by 7.16% (23.42x).
MS EV/EBITDA Ratio Chart
MS Average EV/EBITDA Ratio Chart
MS Current vs Average EV/EBITDA Ratio Chart
MS EV/EBITDA Ratio Metrics
EV/EBITDA RATIO
21.74x
EV/EBITDA RATIO AVG TTM
23.42x
EV/EBITDA RATIO AVG 3Y
24.14x
EV/EBITDA RATIO AVG 5Y
21.47x
EV/EBITDA RATIO AVG 10Y
22.24x
EV/EBITDA RATIO AVG 15Y
43.21x
EV/EBITDA RATIO AVG 20Y
115.53x
CURRENT VS TTM AVG
-7.16%
CURRENT VS 3Y AVG
-9.95%
CURRENT VS 5Y AVG
+1.28%
CURRENT VS 10Y AVG
-2.23%
CURRENT VS 15Y AVG
-49.68%
CURRENT VS 20Y AVG
-81.18%
MS Competitors' EV/EBITDA Ratio
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Morgan Stanley (MS) | $327.17B | 21.74x | 23.42x | 24.14x | 21.47x |
| The Goldman Sachs Group, Inc. (GS) | $296.20B | 42.20x | 32.84x | 31.18x | 24.93x |
| Bank of America Corporation (BAC) | $388.93B | 13.12x | 21.87x | 21.04x | 19.41x |
| Wells Fargo & Company (WFC) | $251.58B | 17.11x | 15.24x | 11.88x | 9.71x |
| Citigroup Inc. (C) | $228.07B | 39.94x | 26.46x | 24.70x | 19.49x |
| Mastercard Incorporated (MA) | $432.15B | 21.10x | 26.36x | 28.04x | 29.14x |
| American Express Company (AXP) | $214.47B | 12.08x | 15.23x | 13.73x | 13.09x |
| Invesco QQQ Trust, Series 1 (QQQ) | $488.15B | N/A | N/A | N/A | N/A |
| BlackRock, Inc. (BLK) | $156.77B | 17.56x | 19.33x | 18.41x | 17.26x |
| The Charles Schwab Corporation (SCHW) | $156.50B | 10.77x | 14.66x | 16.47x | 15.21x |
EV/EBITDA vs. its own history
At 21.7, EV/EBITDA is cheaper than usual — richer than 23% of its 20-year range.
20-year low
14.3
median
27.8
20-year high
2771.9
Understanding EV/EBITDA
Enterprise Value (EV) = Market Cap + Total Debt - Cash
EBITDA = Earnings Before Interest, Taxes, Depreciation & Amortization
EV/EBITDA is commonly used for comparing companies because:
- It accounts for debt levels (capital structure neutral)
- It removes effects of different depreciation policies
- It can be compared across countries with different tax rates
- It can remain available when net income is negative, if EBITDA is positive
Morgan Stanley EV/EBITDA Ratio Formula & Definition
EV/EBITDA = Enterprise Value / EBITDA (TTM)
Enterprise value to EBITDA is a capital-structure-neutral valuation multiple, useful for comparing companies with different debt levels and tax rates.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Morgan Stanley EV/EBITDA Ratio FAQ
- What is the EV/EBITDA ratio for Morgan Stanley (MS)?
- The EV/EBITDA ratio for MS stock is 21.74x.
- Is Morgan Stanley's EV/EBITDA ratio high or low?
- Morgan Stanley's EV/EBITDA ratio of 21.74x is in line with its 5-year average of 21.47x, around the middle of its 5-year range (14.31x–28.19x).
- What is the TTM average EV/EBITDA ratio for Morgan Stanley (MS)?
- The TTM average EV/EBITDA ratio for MS stock is 23.42x.
- What is the 3Y average EV/EBITDA ratio for Morgan Stanley (MS)?
- The 3Y average EV/EBITDA ratio for MS stock is 24.14x.
- What is the 5Y average EV/EBITDA ratio for Morgan Stanley (MS)?
- The 5Y average EV/EBITDA ratio for MS stock is 21.47x.
- What is the 10Y average EV/EBITDA ratio for Morgan Stanley (MS)?
- The 10Y average EV/EBITDA ratio for MS stock is 22.24x.
- What is the 15Y average EV/EBITDA ratio for Morgan Stanley (MS)?
- The 15Y average EV/EBITDA ratio for MS stock is 43.21x.
- What is the 20Y average EV/EBITDA ratio for Morgan Stanley (MS)?
- The 20Y average EV/EBITDA ratio for MS stock is 115.53x.
Morgan Stanley EV/EBITDA Ratio History
| DATE | EV/EBITDA RATIO |
|---|---|
| 2026-06-10 | 21.74x |
| 2026-06-09 | 21.89x |
| 2026-06-08 | 22.00x |
| 2026-06-05 | 21.99x |
| 2026-06-04 | 22.36x |
| 2026-06-03 | 21.88x |
| 2026-06-02 | 22.16x |
| 2026-06-01 | 21.93x |
| 2026-05-29 | 21.76x |
| 2026-05-28 | 21.51x |
| 2026-05-27 | 21.38x |
| 2026-05-26 | 21.39x |
| 2026-05-22 | 21.35x |
| 2026-05-21 | 21.32x |
| 2026-05-20 | 21.16x |
| 2026-05-19 | 20.68x |
| 2026-05-18 | 20.86x |
| 2026-05-15 | 20.85x |
| 2026-05-14 | 20.97x |
| 2026-05-13 | 20.93x |
| 2026-05-12 | 20.81x |
| 2026-05-11 | 20.77x |
| 2026-05-08 | 20.88x |
| 2026-05-07 | 20.71x |
| 2026-05-06 | 20.90x |
| 2026-05-05 | 20.66x |
| 2026-05-04 | 24.93x |
| 2026-05-01 | 25.06x |
| 2026-04-30 | 25.08x |
| 2026-04-29 | 24.87x |
| 2026-04-28 | 25.07x |
| 2026-04-27 | 25.06x |
| 2026-04-24 | 24.93x |
| 2026-04-23 | 24.97x |
| 2026-04-22 | 25.11x |
| 2026-04-21 | 25.01x |
| 2026-04-20 | 25.09x |
| 2026-04-17 | 24.98x |
| 2026-04-16 | 24.89x |
| 2026-04-15 | 25.14x |
| 2026-04-14 | 24.65x |
| 2026-04-13 | 24.52x |
| 2026-04-10 | 24.31x |
| 2026-04-09 | 24.34x |
| 2026-04-08 | 24.21x |
| 2026-04-07 | 23.76x |
| 2026-04-06 | 23.64x |
| 2026-04-02 | 23.60x |
| 2026-04-01 | 23.62x |
| 2026-03-31 | 23.52x |
| 2026-03-30 | 23.15x |
| 2026-03-27 | 23.15x |
| 2026-03-26 | 23.44x |
| 2026-03-25 | 23.59x |
| 2026-03-24 | 23.60x |
| 2026-03-23 | 23.51x |
| 2026-03-20 | 23.34x |
| 2026-03-19 | 23.16x |
| 2026-03-18 | 23.19x |
| 2026-03-17 | 23.12x |
| 2026-03-16 | 22.99x |
| 2026-03-13 | 22.94x |
| 2026-03-12 | 22.91x |
| 2026-03-11 | 23.30x |
| 2026-03-10 | 23.30x |
| 2026-03-09 | 23.28x |
| 2026-03-06 | 23.27x |
| 2026-03-05 | 23.40x |
| 2026-03-04 | 23.70x |
| 2026-03-03 | 23.61x |
| 2026-03-02 | 23.67x |
| 2026-02-27 | 23.64x |
| 2026-02-26 | 24.30x |
| 2026-02-25 | 24.07x |
| 2026-02-24 | 23.78x |
| 2026-02-23 | 23.66x |
| 2026-02-20 | 24.17x |
| 2026-02-19 | 24.11x |
| 2026-02-18 | 23.70x |
| 2026-02-17 | 23.39x |
| 2026-02-13 | 23.37x |
| 2026-02-12 | 23.18x |
| 2026-02-11 | 23.70x |
| 2026-02-10 | 23.78x |
| 2026-02-09 | 24.05x |
| 2026-02-06 | 23.90x |
| 2026-02-05 | 23.65x |
| 2026-02-04 | 23.91x |
| 2026-02-03 | 24.08x |
| 2026-02-02 | 24.22x |
| 2026-01-30 | 24.08x |
| 2026-01-29 | 24.05x |
| 2026-01-28 | 24.05x |
| 2026-01-27 | 24.07x |
| 2026-01-26 | 24.02x |
| 2026-01-23 | 23.85x |
| 2026-01-22 | 24.09x |
| 2026-01-21 | 24.11x |
| 2026-01-20 | 24.03x |
| 2026-01-16 | 24.46x |
| 2026-01-15 | 24.59x |
| 2026-01-14 | 23.95x |
| 2026-01-13 | 24.07x |
| 2026-01-12 | 24.30x |
| 2026-01-09 | 24.29x |
| 2026-01-08 | 24.19x |
| 2026-01-07 | 24.20x |
| 2026-01-06 | 24.38x |
| 2026-01-05 | 24.30x |
| 2026-01-02 | 24.02x |
| 2025-12-31 | 23.76x |
| 2025-12-30 | 23.85x |
| 2025-12-29 | 23.90x |
| 2025-12-26 | 24.02x |
| 2025-12-24 | 24.01x |
| 2025-12-23 | 23.88x |
| 2025-12-22 | 23.89x |
| 2025-12-19 | 23.72x |
| 2025-12-18 | 23.48x |
| 2025-12-17 | 23.59x |
| 2025-12-16 | 23.69x |
| 2025-12-15 | 23.77x |
| 2025-12-12 | 23.81x |
| 2025-12-11 | 23.92x |
| 2025-12-10 | 23.89x |
| 2025-12-09 | 23.84x |
| 2025-12-08 | 23.71x |
| 2025-12-05 | 23.69x |
| 2025-12-04 | 23.60x |
| 2025-12-03 | 23.53x |
| 2025-12-02 | 23.24x |
| 2025-12-01 | 23.21x |
| 2025-11-28 | 23.28x |
| 2025-11-26 | 23.17x |
| 2025-11-25 | 23.02x |
| 2025-11-24 | 22.86x |
| 2025-11-21 | 22.58x |
| 2025-11-20 | 22.61x |
| 2025-11-19 | 22.83x |
| 2025-11-18 | 22.68x |
| 2025-11-17 | 22.66x |
| 2025-11-14 | 22.93x |
| 2025-11-13 | 23.03x |
| 2025-11-12 | 23.29x |
| 2025-11-11 | 23.09x |
| 2025-11-10 | 23.00x |
| 2025-11-07 | 22.84x |
| 2025-11-06 | 22.90x |
| 2025-11-05 | 23.01x |
| 2025-11-04 | 22.94x |
| 2025-11-03 | 22.91x |
| 2025-10-31 | 24.16x |
| 2025-10-30 | 24.25x |
| 2025-10-29 | 24.17x |
| 2025-10-28 | 24.24x |
| 2025-10-27 | 24.30x |
| 2025-10-24 | 24.15x |
| 2025-10-23 | 23.86x |
| 2025-10-22 | 23.78x |
| 2025-10-21 | 23.85x |
| 2025-10-20 | 24.03x |
| 2025-10-17 | 23.82x |
| 2025-10-16 | 23.90x |
| 2025-10-15 | 24.08x |
| 2025-10-14 | 23.60x |
| 2025-10-13 | 23.58x |
| 2025-10-10 | 23.37x |
| 2025-10-09 | 23.66x |
| 2025-10-08 | 23.62x |
| 2025-10-07 | 23.64x |
| 2025-10-06 | 23.78x |
| 2025-10-03 | 23.74x |
| 2025-10-02 | 23.60x |
| 2025-10-01 | 23.70x |
| 2025-09-30 | 23.83x |
| 2025-09-29 | 23.98x |
| 2025-09-26 | 23.91x |
| 2025-09-25 | 23.83x |
| 2025-09-24 | 23.76x |
| 2025-09-23 | 23.95x |
| 2025-09-22 | 23.95x |
| 2025-09-19 | 23.90x |
| 2025-09-18 | 23.85x |
| 2025-09-17 | 23.73x |
| 2025-09-16 | 23.63x |
| 2025-09-15 | 23.68x |
| 2025-09-12 | 23.67x |
| 2025-09-11 | 23.67x |
| 2025-09-10 | 23.52x |
| 2025-09-09 | 23.39x |
| 2025-09-08 | 23.17x |
| 2025-09-05 | 23.12x |
| 2025-09-04 | 23.28x |
| 2025-09-03 | 23.15x |
| 2025-09-02 | 23.17x |
| 2025-08-29 | 23.28x |
| 2025-08-28 | 23.26x |
| 2025-08-27 | 23.21x |
| 2025-08-26 | 23.18x |
| 2025-08-25 | 23.10x |
| 2025-08-22 | 23.12x |
| 2025-08-21 | 22.86x |
| 2025-08-20 | 22.86x |
| 2025-08-19 | 22.86x |
| 2025-08-18 | 22.91x |
| 2025-08-15 | 22.90x |
| 2025-08-14 | 23.15x |
| 2025-08-13 | 23.10x |
| 2025-08-12 | 23.07x |
| 2025-08-11 | 22.85x |
| 2025-08-08 | 22.80x |
| 2025-08-07 | 22.66x |
| 2025-08-06 | 22.68x |
| 2025-08-05 | 22.63x |
| 2025-08-04 | 22.68x |
| 2025-08-01 | 23.48x |
| 2025-07-31 | 23.70x |
| 2025-07-30 | 23.87x |
| 2025-07-29 | 23.78x |
| 2025-07-28 | 23.71x |
| 2025-07-25 | 23.74x |
| 2025-07-24 | 23.71x |
| 2025-07-23 | 23.69x |
| 2025-07-22 | 23.54x |
| 2025-07-21 | 23.57x |
| 2025-07-18 | 23.59x |
| 2025-07-17 | 23.60x |
| 2025-07-16 | 23.52x |
| 2025-07-15 | 23.64x |
| 2025-07-14 | 23.80x |
| 2025-07-11 | 23.69x |
| 2025-07-10 | 23.75x |
| 2025-07-09 | 23.64x |
| 2025-07-08 | 23.61x |
| 2025-07-07 | 23.79x |
| 2025-07-03 | 23.82x |
| 2025-07-02 | 23.73x |
| 2025-07-01 | 23.61x |
| 2025-06-30 | 23.60x |
| 2025-06-27 | 23.58x |
| 2025-06-26 | 23.52x |
| 2025-06-25 | 23.38x |
| 2025-06-24 | 23.26x |
| 2025-06-23 | 23.13x |
| 2025-06-20 | 23.05x |
| 2025-06-18 | 23.03x |
| 2025-06-17 | 22.87x |
| 2025-06-16 | 22.93x |
| 2025-06-13 | 22.83x |
| 2025-06-12 | 22.99x |
| 2025-06-11 | 22.99x |
| 2025-06-10 | 22.99x |
| 2025-06-09 | 23.00x |
| 2025-06-06 | 22.99x |
| 2025-06-05 | 22.91x |
| 2025-06-04 | 22.74x |
| 2025-06-03 | 22.78x |
| 2025-06-02 | 22.76x |
| 2025-05-30 | 22.73x |
| 2025-05-29 | 22.74x |
Showing the most recent 260 of 4,892 data points. The chart above shows the full history.
Related Metrics
About Morgan Stanley
Morgan Stanley operates as a prominent financial holding company, delivering a comprehensive suite of financial solutions and services. Its diverse clientele spans major corporations, governmental bodies, financial institutions, and individual clients across various global regions, including the Americas, Europe, the Middle East, Africa, and Asia. The firm's operations are structured into three primary divisions: Institutional Securities, Wealth Management, and Investment Management. Within the Institutional Securities segment, Morgan Stanley provides crucial capital-raising and strategic financial advisory services. This includes underwriting activities for debt, equity, and other financial instruments, alongside expert counsel on mergers and acquisitions, corporate reorganizations, real estate transactions, and project financing. Furthermore, this division is a key player in sales and trading, offering services like sales execution, financing solutions, prime brokerage, and market-making across equity and fixed-income products, encompassing foreign exchange and commodities. It also extends corporate and commercial real estate loans, furnishes secured lending facilities, supports sales and trading clients with financing, and engages in asset-backed and mortgage lending. Investment and research services, along with specific wealth management offerings, are also part of this segment. The Wealth Management segment caters to individual investors, as well as small to medium-sized enterprises and institutions. It offers a broad spectrum of services, from financial advisor-led and self-directed brokerage and investment guidance to comprehensive financial and wealth planning. This segment also delivers workplace solutions, such as stock plan administration, and provides annuity and insurance products. Lending options include securities-backed loans, residential real estate mortgages, and other credit facilities, complemented by banking and retirement plan services. Finally, the Investment Management segment is dedicated to providing specialized investment products, including equity, fixed income, liquidity, and alternative strategies. These offerings are distributed through institutional and intermediary channels to a sophisticated client base that features benefit and defined contribution plans, foundations, endowments, governmental entities, sovereign wealth funds, insurance companies, and corporate and third-party fund sponsors. Morgan Stanley's origins trace back to its founding in 1924, and its global headquarters are situated in New York, New York.
- Sector
- Financial Services
- Industry
- Financial - Capital Markets
- CEO
- Edward N. Pick