Switch to:
Morgan Stanley (NYSE:MS)
Shiller P/E Ratio
9.42 (As of Today)

As of today, Morgan Stanley's current share price is $23.09. Morgan Stanley's E10 for the quarter that ended in Sep. 2015 was $2.45. Morgan Stanley's Shiller P/E Ratio for today is 9.42.

MS' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 2.01   Max: 16.89
Current: 9.44


During the past 13 years, Morgan Stanley's highest Shiller P/E Ratio was 16.89. The lowest was 2.01. And the median was 8.78.

MS's Shiller P/E Ratio is ranked higher than
80% of the 112 Companies
in the Global Capital Markets industry.

( Industry Median: 20.78 vs. MS: 9.44 )

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Morgan Stanley's adjusted earnings per share data for the three months ended in Sep. 2015 was $0.480. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.45 for the trailing ten years ended in Sep. 2015.


For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Morgan Stanley's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Morgan Stanley's E10 for the fiscal year that ended in Dec14 is calculated as:

For example, Morgan Stanley's adjusted earnings per share data for the three months ended in Sep. 2015 was:

Adj_EPS=Earnigns per Share/CPI of Sep. 2015 (Change)*Current CPI (Sep. 2015)

Current CPI (Sep. 2015) = 237.945.

Morgan Stanley Quarterly Data

per share eps 0.4500.0200.7400.9200.830-0.8901.1800.8500.4800.390
CPI 234.149233.049236.293238.343238.031234.812236.119238.638237.945236.525
Adj_EPS 0.4570.0200.7450.9180.830-0.9021.1890.8480.4800.392
per share eps 0.500-0.3801.150-0.220-0.0600.290-0.5500.3000.4800.410
CPI 223.467225.722226.889225.672229.392229.478231.407229.601232.773233.504
Adj_EPS 0.532-0.4011.206-0.232-0.0620.301-0.5660.3110.4910.418
per share eps 1.320-2.270-0.570-1.1000.3800.3600.9901.090-0.0700.480
CPI 219.086212.425212.709215.693215.969215.949217.631217.965218.439219.179
Adj_EPS 1.434-2.543-0.638-1.2130.4190.3971.0821.190-0.0760.521
per share eps 1.4801.7501.7502.0802.5102.4501.440-3.4201.4500.950
CPI 198.700202.500203.900201.500203.499207.949207.917210.177211.693216.632
Adj_EPS 1.7722.0562.0422.4562.9352.8031.648-3.8721.6301.043

Add all the adjusted EPS together and divide 10 will get our E10.


Compared with the regular P/E ratio, which works poorly for cyclical businesses, the Shiller P/E smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller P/E should give similar results to regular P/E.

Compared with the P/S ratio, the Shiller P/E makes the comparison between different industries more meaningful.

Be Aware

The Shiller P/E assumes that over the long term, businesses and profitability revert to their means. If a company’s business model does not work in the future compared with the past, the Shiller P/E and P/S ratio will give false valuations.

Related Terms

P/E Ratio, P/B Ratio, P/S Ratio, Price-to-Free-Cash-Flow ratio, E10

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Morgan Stanley Annual Data

ShillerPE 14.8211.733.417.837.864.636.4011.3115.840.00

Morgan Stanley Quarterly Data

ShillerPE 9.3311.3111.4111.9212.8015.8414.8116.0712.880.00
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GuruFocus Premium Plus Membership