Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 16.61.
Forward PE Ratio (16.61) = Close Price ($214.20) / Consensus Forward EPS ($12.90)
FORWARD PE RATIO
16.61
SECTOR MEDIAN · FINANCIAL SERVICES
14.80
median of 83 covered companies
CURRENT VS SECTOR MEDIAN
+12.23%
vs the sector median at left
Morgan Stanley
Market Cap
$337.85B
Forward PE Ratio
16.61
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Morgan Stanley (MS) | $337.85B | 16.61 |
| The Goldman Sachs Group, Inc. (GS)vs › | $306.59B | 14.80 |
| Wells Fargo & Company (WFC)vs › | $253.53B | 11.50 |
| Bank of America Corporation (BAC)vs › | $437.79B | 13.28 |
| American Express Company (AXP)vs › | $226.90B | 19.04 |
| Citigroup Inc. (C)vs › | $225.77B | 11.76 |
| The Charles Schwab Corporation (SCHW)vs › | $195.31B | 17.28 |
| BlackRock, Inc. (BLK)vs › | $179.26B | 20.50 |
| Blackstone Inc. (BX)vs › | $173.19B | 24.04 |
| Vanguard FTSE Emerging Markets ETF (VWO)vs › | $168.77B | N/A |
Trailing P/E
17.4
reported TTM EPS
Forward P/E
16.6
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $12.90 implies +5.0% EPS growth vs the reported trailing $12.28.
At today's $214.20 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $12.90 | $12.61 – $13.26 | 16 | 16.6x |
| 2027-12-31 | $13.66 | $12.07 – $14.75 | 16 | 15.7x |
| 2028-12-31 | $14.77 | $11.69 – $16.38 | 10 | 14.5x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
