Morgan Stanley (BSP:MSBR34) Cyclically Adjusted PS Ratio : 3.73 (As of Apr. 29, 2024)

Morgan Stanley Cyclically Adjusted PS Ratio Chart

Morgan Stanley Annual Data
	Trend	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Cyclically Adjusted PS Ratio		Get a 7-Day Free Trial					2.60	3.34	4.30	3.32	3.39

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	-

Competitive Comparison of Morgan Stanley's Cyclically Adjusted PS Ratio

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.

Morgan Stanley's Cyclically Adjusted PS Ratio Distribution in the Capital Markets Industry

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.

Morgan Stanley Cyclically Adjusted PS Ratio Calculation

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

* 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 Dec. 2023 is calculated as:

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

Current CPI (Dec. 2023) = 129.4194.

Morgan Stanley Quarterly Data

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.

Morgan Stanley  (BSP:MSBR34) Cyclically Adjusted PS Ratio Explanation

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.

Morgan Stanley Cyclically Adjusted PS Ratio Related Terms

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Morgan Stanley (BSP:MSBR34) Business Description