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Morgan Stanley Shiller PE Ratio

: 17.32 (As of Today)
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As of today (2019-10-23), Morgan Stanley's current share price is $45.91. Morgan Stanley's E10 for the quarter that ended in Jun. 2019 was $2.65. Morgan Stanley's Shiller P/E Ratio for today is 17.32.

NYSE:MS' s Shiller PE Ratio Range Over the Past 10 Years
Min: 2.34   Max: 37.9
Current: 17.33

2.34
37.9

During the past years, Morgan Stanley's highest Shiller P/E Ratio was 37.90. The lowest was 2.34. And the median was 11.28.

NYSE:MS's Shiller PE Ratio is ranked lower than
51% of the 226 Companies
in the Brokers & Exchanges industry.

( Industry Median: 16.24 vs. NYSE:MS: 17.33 )

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 Jun. 2019 was $1.230. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.65 for the trailing ten years ended in Jun. 2019.


Morgan Stanley Shiller PE Ratio Historical Data

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

* Premium members only.

Morgan Stanley Annual Data
Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.22 13.79 23.51 29.15 18.47

Morgan Stanley Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
Shiller PE Ratio 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 Premium Member Only Premium Member Only Premium Member Only 25.70 18.47 17.77 16.52 0.00

Competitive Comparison
* 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.


Morgan Stanley Shiller PE Ratio Distribution

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



Morgan Stanley Shiller PE Ratio Calculation

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
=45.91/2.65
=17.32

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

Morgan Stanley's E10 for the fiscal year that ended in Dec18 is calculated as:

For example, Morgan Stanley's adjusted earnings per share data for the three months ended in Jun. 2019 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2019 (Change)*Current CPI (Jun. 2019)
=1.23/256.143*256.143
=1.230

Current CPI (Jun. 2019) = 256.143.

Morgan Stanley Quarterly Data

per_share_eps CPI Adj_EPS
200909 0.380 215.969 0.451
200912 0.360 215.949 0.427
201003 0.990 217.631 1.165
201006 1.090 217.965 1.281
201009 -0.070 218.439 -0.082
201012 0.420 219.179 0.491
201103 0.500 223.467 0.573
201106 -0.380 225.722 -0.431
201109 1.150 226.889 1.298
201112 -0.220 225.672 -0.250
201203 -0.060 229.392 -0.067
201206 0.290 229.478 0.324
201209 -0.550 231.407 -0.609
201212 0.250 229.601 0.279
201303 0.480 232.773 0.528
201306 0.410 233.504 0.450
201309 0.450 234.149 0.492
201312 0.070 233.049 0.077
201403 0.740 236.293 0.802
201406 0.920 238.343 0.989
201409 0.830 238.031 0.893
201412 0.470 234.812 0.513
201503 1.180 236.119 1.280
201506 0.850 238.638 0.912
201509 0.480 237.945 0.517
201512 0.390 236.525 0.422
201603 0.550 238.132 0.592
201606 0.750 241.018 0.797
201609 0.810 241.428 0.859
201612 0.810 241.432 0.859
201703 1.000 243.801 1.051
201706 0.870 244.955 0.910
201709 0.930 246.819 0.965
201712 0.290 246.524 0.301
201803 1.450 249.554 1.488
201806 1.300 251.989 1.321
201809 1.170 252.439 1.187
201812 0.800 251.233 0.816
201903 1.390 254.202 1.401
201906 1.230 256.143 1.230

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


  (:) Explanation

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.


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