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Morgan Stanley (MEX:MS) Cyclically Adjusted Revenue per Share : MXN612.44 (As of Mar. 2025)


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What is Morgan Stanley Cyclically Adjusted Revenue per Share?

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. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Morgan Stanley's adjusted revenue per share for the three months ended in Mar. 2025 was MXN211.193. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is MXN612.44 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Morgan Stanley's average Cyclically Adjusted Revenue Growth Rate was 7.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 9.10% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 9.10% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 4.10% 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 Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Morgan Stanley was 11.80% per year. The lowest was -4.70% per year. And the median was 5.20% per year.

As of today (2025-07-12), Morgan Stanley's current stock price is MXN2658.17. Morgan Stanley's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was MXN612.44. Morgan Stanley's Cyclically Adjusted PS Ratio of today is 4.34.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Morgan Stanley was 4.88. The lowest was 1.14. And the median was 2.89.


Morgan Stanley Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Morgan Stanley's Cyclically Adjusted Revenue per Share 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 Cyclically Adjusted Revenue per Share Chart

Morgan Stanley Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 406.01 483.98 490.99 456.93 614.62

Morgan Stanley Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Revenue per Share 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 451.18 523.47 572.29 614.62 612.44

Competitive Comparison of Morgan Stanley's Cyclically Adjusted Revenue per Share

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.


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Morgan Stanley Cyclically Adjusted Revenue per Share Calculation

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. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Morgan Stanley's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=211.193/134.9266*134.9266
=211.193

Current CPI (Mar. 2025) = 134.9266.

Morgan Stanley Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 74.096 100.684 99.296
201509 63.136 100.392 84.855
201512 64.601 99.792 87.345
201603 65.863 100.470 88.451
201606 82.047 101.688 108.865
201609 86.624 101.861 114.743
201612 94.978 101.863 125.807
201703 94.411 102.862 123.841
201706 88.681 103.349 115.777
201709 86.597 104.136 112.202
201712 98.121 104.011 127.286
201803 107.200 105.290 137.375
201806 112.423 106.317 142.676
201809 100.868 106.507 127.783
201812 91.553 105.998 116.539
201903 112.120 107.251 141.053
201906 111.586 108.070 139.317
201909 113.999 108.329 141.988
201912 121.842 108.420 151.630
202003 134.740 108.902 166.940
202006 191.891 108.767 238.042
202009 155.512 109.815 191.073
202012 141.608 109.897 173.860
202103 166.508 111.754 201.033
202106 150.987 114.631 177.719
202109 158.051 115.734 184.261
202112 157.684 117.630 180.871
202203 157.915 121.301 175.653
202206 143.079 125.017 154.421
202209 143.887 125.227 155.033
202212 138.320 125.222 149.040
202303 147.798 127.348 156.594
202306 130.651 128.729 136.941
202309 131.654 129.860 136.791
202312 125.672 129.419 131.020
202403 145.987 131.776 149.477
202406 159.479 132.554 162.334
202409 175.475 133.029 177.978
202412 195.107 133.157 197.700
202503 211.193 134.927 211.193

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Morgan Stanley  (MEX:MS) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Morgan Stanley's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=2658.17/612.44
=4.34

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Morgan Stanley was 4.88. The lowest was 1.14. And the median was 2.89.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Morgan Stanley Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Morgan Stanley's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Morgan Stanley Business Description

Industry
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 with approximately 45% of net revenue from its institutional securities business, 45% from wealth management, and 10% from investment management. About 24% of its total revenue is from outside the Americas. The company had over $6 trillion of client assets as well as around 70,000 employees at the end of 2024.