GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Morgan Stanley (FRA:DWD) » Definitions » Shiller PE Ratio

Morgan Stanley (FRA:DWD) Shiller PE Ratio : 17.29 (As of Apr. 26, 2024)


View and export this data going back to . Start your Free Trial

What is Morgan Stanley Shiller PE Ratio?

As of today (2024-04-26), Morgan Stanley's current share price is €86.82. Morgan Stanley's E10 for the quarter that ended in Dec. 2023 was €5.02. Morgan Stanley's Shiller PE Ratio for today is 17.29.

The historical rank and industry rank for Morgan Stanley's Shiller PE Ratio or its related term are showing as below:

FRA:DWD' s Shiller PE Ratio Range Over the Past 10 Years
Min: 7.79   Med: 17.02   Max: 40.23
Current: 16.7

During the past years, Morgan Stanley's highest Shiller PE Ratio was 40.23. The lowest was 7.79. And the median was 17.02.

FRA:DWD's Shiller PE Ratio is ranked better than
56.5% of 469 companies
in the Capital Markets industry
Industry Median: 19.88 vs FRA:DWD: 16.70

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio 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 Dec. 2023 was €0.779. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is €5.02 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Morgan Stanley Shiller PE Ratio Historical Data

The historical data trend for Morgan Stanley's Shiller PE 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.

* Premium members only.

Morgan Stanley Shiller PE Ratio Chart

Morgan Stanley Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.08 21.26 23.69 16.87 16.82

Morgan Stanley Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Shiller PE Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.78 15.93 14.89 16.82 -

Competitive Comparison of Morgan Stanley's Shiller PE Ratio

For the Capital Markets subindustry, Morgan Stanley's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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.


Morgan Stanley's Shiller PE Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Morgan Stanley's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Morgan Stanley's Shiller PE Ratio falls into.



Morgan Stanley Shiller PE Ratio Calculation

For Shiller PE Ratio, 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 PE Ratio is also called PE10.

The Shiller PE Ratio 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 PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=86.82/5.02
=17.29

* 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 E10 for the quarter that ended in Dec. 2023 is calculated as:

For example, Morgan Stanley's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.779/129.4194*129.4194
=0.779

Current CPI (Dec. 2023) = 129.4194.

Morgan Stanley Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201403 0.535 99.695 0.695
201406 0.677 100.560 0.871
201409 0.644 100.428 0.830
201412 0.381 99.070 0.498
201503 1.090 99.621 1.416
201506 0.757 100.684 0.973
201509 0.428 100.392 0.552
201512 0.358 99.792 0.464
201603 0.494 100.470 0.636
201606 0.668 101.688 0.850
201609 0.722 101.861 0.917
201612 0.768 101.863 0.976
201703 0.935 102.862 1.176
201706 0.774 103.349 0.969
201709 0.780 104.136 0.969
201712 0.245 104.011 0.305
201803 1.176 105.290 1.446
201806 1.113 106.317 1.355
201809 1.003 106.507 1.219
201812 0.703 105.998 0.858
201903 1.230 107.251 1.484
201906 1.089 108.070 1.304
201909 1.153 108.329 1.377
201912 1.170 108.420 1.397
202003 0.914 108.902 1.086
202006 1.740 108.767 2.070
202009 1.409 109.815 1.661
202012 1.488 109.897 1.752
202103 1.840 111.754 2.131
202106 1.536 114.631 1.734
202109 1.683 115.734 1.882
202112 1.779 117.630 1.957
202203 1.834 121.301 1.957
202206 1.315 125.017 1.361
202209 1.485 125.227 1.535
202212 1.189 125.222 1.229
202303 1.588 127.348 1.614
202306 1.145 128.729 1.151
202309 1.293 129.860 1.289
202312 0.779 129.419 0.779

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

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.


Morgan Stanley  (FRA:DWD) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio 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 PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio 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, Shiller PE Ratio and PS Ratio will give false valuations.


Morgan Stanley Shiller PE Ratio Related Terms

Thank you for viewing the detailed overview of Morgan Stanley's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Morgan Stanley (FRA:DWD) Business Description

Address
1585 Broadway, New York, NY, USA, 10036
Morgan Stanley is a global investment bank whose history, through its legacy firms, can be traced back to 1924. The company has institutional securities, wealth management, and investment management segments. The company had over $4 trillion of client assets as well as over 80,000 employees at the end of 2022. Approximately 50% of the company's net revenue is from its institutional securities business, with the remainder coming from wealth and investment management. The company derives about 30% of its total revenue outside the Americas.

Morgan Stanley (FRA:DWD) Headlines

No Headlines