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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 EV/EBITDA Ratio
21.74x-5.44% 1Y
Zoom

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

NAMEMARKET CAPEV/EBITDA RATIOTTM3Y5Y
Morgan Stanley (MS)$327.17B21.74x23.42x24.14x21.47x
The Goldman Sachs Group, Inc. (GS)$296.20B42.20x32.84x31.18x24.93x
Bank of America Corporation (BAC)$388.93B13.12x21.87x21.04x19.41x
Wells Fargo & Company (WFC)$251.58B17.11x15.24x11.88x9.71x
Citigroup Inc. (C)$228.07B39.94x26.46x24.70x19.49x
Mastercard Incorporated (MA)$432.15B21.10x26.36x28.04x29.14x
American Express Company (AXP)$214.47B12.08x15.23x13.73x13.09x
Invesco QQQ Trust, Series 1 (QQQ)$488.15BN/AN/AN/AN/A
BlackRock, Inc. (BLK)$156.77B17.56x19.33x18.41x17.26x
The Charles Schwab Corporation (SCHW)$156.50B10.77x14.66x16.47x15.21x

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

cheaperricher

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

DATEEV/EBITDA RATIO
2026-06-1021.74x
2026-06-0921.89x
2026-06-0822.00x
2026-06-0521.99x
2026-06-0422.36x
2026-06-0321.88x
2026-06-0222.16x
2026-06-0121.93x
2026-05-2921.76x
2026-05-2821.51x
2026-05-2721.38x
2026-05-2621.39x
2026-05-2221.35x
2026-05-2121.32x
2026-05-2021.16x
2026-05-1920.68x
2026-05-1820.86x
2026-05-1520.85x
2026-05-1420.97x
2026-05-1320.93x
2026-05-1220.81x
2026-05-1120.77x
2026-05-0820.88x
2026-05-0720.71x
2026-05-0620.90x
2026-05-0520.66x
2026-05-0424.93x
2026-05-0125.06x
2026-04-3025.08x
2026-04-2924.87x
2026-04-2825.07x
2026-04-2725.06x
2026-04-2424.93x
2026-04-2324.97x
2026-04-2225.11x
2026-04-2125.01x
2026-04-2025.09x
2026-04-1724.98x
2026-04-1624.89x
2026-04-1525.14x
2026-04-1424.65x
2026-04-1324.52x
2026-04-1024.31x
2026-04-0924.34x
2026-04-0824.21x
2026-04-0723.76x
2026-04-0623.64x
2026-04-0223.60x
2026-04-0123.62x
2026-03-3123.52x
2026-03-3023.15x
2026-03-2723.15x
2026-03-2623.44x
2026-03-2523.59x
2026-03-2423.60x
2026-03-2323.51x
2026-03-2023.34x
2026-03-1923.16x
2026-03-1823.19x
2026-03-1723.12x
2026-03-1622.99x
2026-03-1322.94x
2026-03-1222.91x
2026-03-1123.30x
2026-03-1023.30x
2026-03-0923.28x
2026-03-0623.27x
2026-03-0523.40x
2026-03-0423.70x
2026-03-0323.61x
2026-03-0223.67x
2026-02-2723.64x
2026-02-2624.30x
2026-02-2524.07x
2026-02-2423.78x
2026-02-2323.66x
2026-02-2024.17x
2026-02-1924.11x
2026-02-1823.70x
2026-02-1723.39x
2026-02-1323.37x
2026-02-1223.18x
2026-02-1123.70x
2026-02-1023.78x
2026-02-0924.05x
2026-02-0623.90x
2026-02-0523.65x
2026-02-0423.91x
2026-02-0324.08x
2026-02-0224.22x
2026-01-3024.08x
2026-01-2924.05x
2026-01-2824.05x
2026-01-2724.07x
2026-01-2624.02x
2026-01-2323.85x
2026-01-2224.09x
2026-01-2124.11x
2026-01-2024.03x
2026-01-1624.46x
2026-01-1524.59x
2026-01-1423.95x
2026-01-1324.07x
2026-01-1224.30x
2026-01-0924.29x
2026-01-0824.19x
2026-01-0724.20x
2026-01-0624.38x
2026-01-0524.30x
2026-01-0224.02x
2025-12-3123.76x
2025-12-3023.85x
2025-12-2923.90x
2025-12-2624.02x
2025-12-2424.01x
2025-12-2323.88x
2025-12-2223.89x
2025-12-1923.72x
2025-12-1823.48x
2025-12-1723.59x
2025-12-1623.69x
2025-12-1523.77x
2025-12-1223.81x
2025-12-1123.92x
2025-12-1023.89x
2025-12-0923.84x
2025-12-0823.71x
2025-12-0523.69x
2025-12-0423.60x
2025-12-0323.53x
2025-12-0223.24x
2025-12-0123.21x
2025-11-2823.28x
2025-11-2623.17x
2025-11-2523.02x
2025-11-2422.86x
2025-11-2122.58x
2025-11-2022.61x
2025-11-1922.83x
2025-11-1822.68x
2025-11-1722.66x
2025-11-1422.93x
2025-11-1323.03x
2025-11-1223.29x
2025-11-1123.09x
2025-11-1023.00x
2025-11-0722.84x
2025-11-0622.90x
2025-11-0523.01x
2025-11-0422.94x
2025-11-0322.91x
2025-10-3124.16x
2025-10-3024.25x
2025-10-2924.17x
2025-10-2824.24x
2025-10-2724.30x
2025-10-2424.15x
2025-10-2323.86x
2025-10-2223.78x
2025-10-2123.85x
2025-10-2024.03x
2025-10-1723.82x
2025-10-1623.90x
2025-10-1524.08x
2025-10-1423.60x
2025-10-1323.58x
2025-10-1023.37x
2025-10-0923.66x
2025-10-0823.62x
2025-10-0723.64x
2025-10-0623.78x
2025-10-0323.74x
2025-10-0223.60x
2025-10-0123.70x
2025-09-3023.83x
2025-09-2923.98x
2025-09-2623.91x
2025-09-2523.83x
2025-09-2423.76x
2025-09-2323.95x
2025-09-2223.95x
2025-09-1923.90x
2025-09-1823.85x
2025-09-1723.73x
2025-09-1623.63x
2025-09-1523.68x
2025-09-1223.67x
2025-09-1123.67x
2025-09-1023.52x
2025-09-0923.39x
2025-09-0823.17x
2025-09-0523.12x
2025-09-0423.28x
2025-09-0323.15x
2025-09-0223.17x
2025-08-2923.28x
2025-08-2823.26x
2025-08-2723.21x
2025-08-2623.18x
2025-08-2523.10x
2025-08-2223.12x
2025-08-2122.86x
2025-08-2022.86x
2025-08-1922.86x
2025-08-1822.91x
2025-08-1522.90x
2025-08-1423.15x
2025-08-1323.10x
2025-08-1223.07x
2025-08-1122.85x
2025-08-0822.80x
2025-08-0722.66x
2025-08-0622.68x
2025-08-0522.63x
2025-08-0422.68x
2025-08-0123.48x
2025-07-3123.70x
2025-07-3023.87x
2025-07-2923.78x
2025-07-2823.71x
2025-07-2523.74x
2025-07-2423.71x
2025-07-2323.69x
2025-07-2223.54x
2025-07-2123.57x
2025-07-1823.59x
2025-07-1723.60x
2025-07-1623.52x
2025-07-1523.64x
2025-07-1423.80x
2025-07-1123.69x
2025-07-1023.75x
2025-07-0923.64x
2025-07-0823.61x
2025-07-0723.79x
2025-07-0323.82x
2025-07-0223.73x
2025-07-0123.61x
2025-06-3023.60x
2025-06-2723.58x
2025-06-2623.52x
2025-06-2523.38x
2025-06-2423.26x
2025-06-2323.13x
2025-06-2023.05x
2025-06-1823.03x
2025-06-1722.87x
2025-06-1622.93x
2025-06-1322.83x
2025-06-1222.99x
2025-06-1122.99x
2025-06-1022.99x
2025-06-0923.00x
2025-06-0622.99x
2025-06-0522.91x
2025-06-0422.74x
2025-06-0322.78x
2025-06-0222.76x
2025-05-3022.73x
2025-05-2922.74x

Showing the most recent 260 of 4,892 data points. The chart above shows the full history.

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.

New York City, NY
81,000 employees
Financial Services / Financial - Capital Markets
Sector
Financial Services
Industry
Financial - Capital Markets
CEO
Edward N. Pick