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As of today (2024-05-26), Morgan Stanley's current share price is $98.97. Morgan Stanley's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $28.31. Morgan Stanley's Cyclically Adjusted PS Ratio for today is 3.50.
The historical rank and industry rank for Morgan Stanley's Cyclically Adjusted PS Ratio or its related term are showing as below:
During the past years, Morgan Stanley's highest Cyclically Adjusted PS Ratio was 4.88. The lowest was 1.08. And the median was 2.47.
MS's Cyclically Adjusted PS Ratio is ranked worse thanThe Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.
Morgan Stanley's adjusted revenue per share data for the three months ended in Mar. 2024 was $8.796. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $28.31 for the trailing ten years ended in Mar. 2024.
The historical data trend for Morgan Stanley's Cyclically Adjusted PS Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Morgan Stanley Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Cyclically Adjusted PS Ratio | Get a 7-Day Free Trial | 3.33 | 3.18 | 2.99 | 3.39 | 3.33 |
For the Capital Markets subindustry, Morgan Stanley's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Capital Markets industry and Financial Services sector, Morgan Stanley's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Morgan Stanley's Cyclically Adjusted PS Ratio falls into.
Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.
Morgan Stanley's Cyclically Adjusted PS Ratio for today is calculated as
Cyclically Adjusted PS Ratio | = | Share Price | / | Cyclically Adjusted Revenue per Share |
= | 98.97 | / | 28.31 | |
= | 3.50 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Morgan Stanley's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:
For example, Morgan Stanley's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:
Adj_RevenuePerShare | = | Revenue per Share | / | CPI of Mar. 2024 (Change) | * | Current CPI (Mar. 2024) |
= | 8.796 | / | 131.7762 | * | 131.7762 | |
= | 8.796 |
Current CPI (Mar. 2024) = 131.7762.
Morgan Stanley Quarterly Data
Revenue per Share | CPI | Adj_RevenuePerShare | |
201406 | 4.138 | 100.560 | 5.423 |
201409 | 4.297 | 100.428 | 5.638 |
201412 | 3.697 | 99.070 | 4.918 |
201503 | 4.811 | 99.621 | 6.364 |
201506 | 4.722 | 100.684 | 6.180 |
201509 | 3.736 | 100.392 | 4.904 |
201512 | 3.757 | 99.792 | 4.961 |
201603 | 3.826 | 100.470 | 5.018 |
201606 | 4.437 | 101.688 | 5.750 |
201609 | 4.480 | 101.861 | 5.796 |
201612 | 4.607 | 101.863 | 5.960 |
201703 | 5.014 | 102.862 | 6.423 |
201706 | 4.906 | 103.349 | 6.255 |
201709 | 4.772 | 104.136 | 6.039 |
201712 | 4.996 | 104.011 | 6.330 |
201803 | 5.901 | 105.290 | 7.385 |
201806 | 5.721 | 106.317 | 7.091 |
201809 | 5.393 | 106.507 | 6.673 |
201812 | 4.663 | 105.998 | 5.797 |
201903 | 5.780 | 107.251 | 7.102 |
201906 | 5.809 | 108.070 | 7.083 |
201909 | 5.774 | 108.329 | 7.024 |
201912 | 6.460 | 108.420 | 7.852 |
202003 | 5.746 | 108.902 | 6.953 |
202006 | 8.313 | 108.767 | 10.072 |
202009 | 7.040 | 109.815 | 8.448 |
202012 | 7.119 | 109.897 | 8.536 |
202103 | 8.146 | 111.754 | 9.605 |
202106 | 7.585 | 114.631 | 8.719 |
202109 | 7.687 | 115.734 | 8.752 |
202112 | 7.687 | 117.630 | 8.611 |
202203 | 7.931 | 121.301 | 8.616 |
202206 | 7.112 | 125.017 | 7.497 |
202209 | 7.153 | 125.227 | 7.527 |
202212 | 7.095 | 125.222 | 7.466 |
202303 | 8.200 | 127.348 | 8.485 |
202306 | 7.621 | 128.729 | 7.801 |
202309 | 7.558 | 129.860 | 7.670 |
202312 | 7.404 | 129.419 | 7.539 |
202403 | 8.796 | 131.776 | 8.796 |
Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.
Thank you for viewing the detailed overview of Morgan Stanley's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Andrew M Saperstein | officer: Head of Wealth Management | 1585 BROADWAY, NEW YORK NY 10036 |
Raja Akram | officer: Deputy Chief Financial Officer | 1585 BROADWAY, NEW YORK NY 10036 |
Edward N Pick | officer: Head of Inst'l Securities | 1585 BROADWAY, NEW YORK NY 10036 |
James P Gorman | other: Business Unit Head | C/O MORGAN STANLEY, 1585 BROADWAY, NEW YORK NY 10036 |
Daniel A Simkowitz | officer: Head of Investment Management | C/O MORGAN STANLEY, 1585 BROADWAY, NEW YORK NY 10036 |
Smith Charles Aubrey Iii | officer: Chief Risk Officer | 1585 BROADWAY, NEW YORK NY 10036 |
Thomas H Glocer | director | 2000 GALLOPING HILL ROAD, KENILWORTH NJ 07033 |
Alistair Darling | director | C/O MORGAN STANLEY 1585 BROADWAY, NEW YORK X1 10036 |
Mandell Crawley | officer: Chief Human Resources Officer | 1585 BROADWAY, NEW YORK NY 10036 |
Eric F Grossman | officer: Chief Legal Officer | C/O MORGAN STANLEY, 1585 BROADWAY, NEW YORK NY 10036 |
Masato Miyachi | director | C/O MORGAN STANLEY 1585 BROADWAY, NEW YORK NY 10036 |
Stephen J Luczo | director | |
Keishi Hotsuki | officer: Interim Chief Risk Officer | C/O MORGAN STANLEY, 1585 BROADWAY, NEW YORK NY 10036 |
Jonathan Pruzan | officer: Chief Financial Officer | C/O MORGAN STANLEY 1585 BROADWAY, NEW YORK NY 10036 |
Erika H James | director | C/O SVMK INC., ONE CURIOSITY WAY, SAN MATEO CA 94403 |
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