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Morgan Stanley (NYSE:MS)
Book Value per Share
\$36.59 (As of Dec. 2016)

Morgan Stanley's book value per share for the quarter that ended in Dec. 2016 was \$36.59.

During the past 12 months, Morgan Stanley's average Book Value Per Share Growth Rate was 3.80% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 4.30% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 3.50% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 1.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Morgan Stanley was 34.20% per year. The lowest was -27.50% per year. And the median was 10.70% per year.

Morgan Stanley's current price is \$43.37. Its book value per share for the quarter that ended in Dec. 2016 was \$36.59. Hence, today's P/B Ratio of Morgan Stanley is 1.19.

During the past 13 years, the highest P/B Ratio of Morgan Stanley was 2.14. The lowest was 0.31. And the median was 0.95.

Definition

Morgan Stanley's Book Value Per Share for the fiscal year that ended in Dec. 2016 is calculated as:

 Book Value Per Share = (Total Equity - Preferred Stock) / Shares Outstanding (EOP) = (76,050 - 7,520) / 1,873 = 36.59

Morgan Stanley's Book Value Per Share for the quarter that ended in Dec. 2016 is calculated as:

 Book Value Per Share = (Total Equity - Preferred Stock) / Shares Outstanding (EOP) = (76,050 - 7,520) / 1,873 = 36.59

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Theoretically it is what the shareholders will receive if the company is liquidated. Total equity is a balance sheet item and equal to total assets less total liabilities of the company.

Book value may include intangible items which may come from the companys past acquisitions. Book value less intangibles is called Tangible Book.

Explanation

Usually a companys book value and Tangible Book Value per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Morgan Stanley Annual Data

 Nov07 Nov08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Book Value Per Share 28.56 29.83 27.26 31.49 31.42 30.70 32.24 33.26 35.24 36.59

Morgan Stanley Quarterly Data

 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Book Value Per Share 33.26 33.80 34.52 34.97 35.24 35.31 36.30 37.11 36.59 0.00
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