Morgan StanleyMSPF.PFD -1.53%75 Graham Number is $N/A as of Mar. 2026. GuruFocus rates MSPF.PFD with a GF Score™ of 75/100. The stock has 8 warning signs investors should review. Among 525 Capital Markets companies, Morgan Stanley ranks worse than 72.19% on this metric.
Graham Number is a figure that measures a stock's fundamental value by taking into account the company's earnings per share and book value per share. The Graham number is the upper bound of the price range that a defensive investor should pay for the stock. According to the theory, any stock price below the Graham number is considered undervalued, and thus worth investing in.
As of today (2026-07-01), the stock price of Morgan Stanley is $25.10. Morgan Stanley's graham number for the quarter that ended in Mar. 2026 was $N/A. Therefore, Morgan Stanley's Price to Graham Number ratio for today is N/A.
The historical rank and industry rank for Morgan Stanley's Graham Number or its related term are showing as below:
During the past 13 years, the highest Price to Graham Number ratio of Morgan Stanley was 1.84. The lowest was 0.51. And the median was 0.98.
MSpF.PFD's Price-to-Graham-Number is not ranked *
in the Capital Markets industry.
Industry Median: 1.11 * Ranked among companies with meaningful Price-to-Graham-Number only.
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Morgan Stanley (NYSE:MSpF.PFD) Graham Number Explanation
Ben Graham actually did not publish a formula like this. But he wrote in The Intelligent Investor (1948 version) regarding to the criteria for purchases:
Current price should not be more than 15 times average earnings of the past three years.
Current price should not be more than 1.5 times the book value last reported. However, a multiplier of earnings below 15 could justify a correspondingly higher multiplier of assets. As a rule of thumb we suggest that the product of the multiplier times the ratio of price to book value should not exceed 22.5. (This figure corresponds to 15 times earnings and 1.5 times book value. It would admit an issue selling at only 9 times earnings and 2.5 times asset value, etc.)
Unlike valuation methods such as DCF or Discounted Earnings, the Graham number does not take growth into the valuation. Unlike the valuation methods based on book value alone, it takes into account the earnings power. Therefore, the Graham Number is a combination of asset valuation and earnings power valuation.
In general, the Graham number is a very conservative way of valuing a stock. It cannot be applied to companies with negative book values.
Morgan Stanley's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
25.10
/
N/A
=
N/A
* 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.
Be Aware
Please keep these in mind:
1. Graham Number does not take growth into account. Therefore it underestimates the values of the companies that have good earnings growth. We feel that if the earnings per share grows more than 10% a year, Graham Number underestimates the value.
2. Graham Number punishes the companies that have temporarily low earnings. Therefore, an average of earnings makes more sense in the calculation of Graham Number.
3. Graham Numbers underestimates companies that are light with book.
Morgan Stanley Graham Number Related Terms
Morgan Stanley Graham Number Historical Data
* Premium members only.
The historical data trend for Morgan Stanley's Graham Number 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.
MSPF.PFD vs GS, SCHW, HOOD: Graham Number Comparison
For the Capital Markets subindustry, Morgan Stanley's Price-to-Graham-Number, along with its competitors' market caps and Price-to-Graham-Number 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 Price-to-Graham-Number vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Morgan Stanley's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Morgan Stanley's Price-to-Graham-Number falls into.
* 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 (MSPF.PFD) has a Graham Number of $N/A as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Morgan Stanley and its competitors. Over the past decade, Morgan Stanley's Graham Number has ranged from 0.51 to 1.84. According to the industry distribution chart, Morgan Stanley ranks #379 out of 525 companies in the Capital Markets industry, placing it in the top 72.2%.
Is Morgan Stanley's Graham Number too high?
Morgan Stanley's current Graham Number is $N/A. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 1.84. Based on the distribution chart, Morgan Stanley ranks #379 out of 525 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Morgan Stanley has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Morgan Stanley's Graham Number compare to GS and SCHW?
According to the Capital Markets industry distribution chart, Morgan Stanley ranks #379 out of 525 companies for Graham Number. This places Morgan Stanley in the lower half of its industry. The industry median Graham Number is 1.11. Historically, Morgan Stanley's own Graham Number has ranged from 0.51 to 1.84 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Graham Number for a Capital Markets company?
The median Graham Number among Capital Markets companies is 1.11, based on 525 companies in the industry. Companies in the top quartile (top 25%) have a Graham Number significantly above this median, while those in the bottom quartile fall well below. However, Graham Number should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Graham Number mean?
A high Graham Number can signal that a stock is expensive relative to its fundamentals. The Graham Number values a company based on its per-share earnings and book value. View historical data on Morgan Stanley and its competitors. For the Capital Markets industry, the median Graham Number is 1.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Morgan Stanley's current Graham Number is $N/A. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morgan Stanley stock overvalued right now?
Morgan Stanley (MSPF.PFD) has a current Graham Number of $N/A. The current Graham Number is $N/A. Morgan Stanley's overall GF Score™ is 75/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Graham Number calculated?
Graham Number is calculated from a company's financial statements. For Morgan Stanley (MSPF.PFD), the current Graham Number is $N/A as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Morgan Stanley is a massive global financial services firm, with offices in 42 countries and more than 82,000 employees as of year-end 2025. The firm cut its teeth in investment banking and institutional trading, where it maintains a strong presence today, but generates the lion share of its income from wealth and asset management franchises, where it boasted $9.3 trillion in client assets at the end of 2025. After reincorporation as a bank holding company in the wake of the global financial crisis, Morgan Stanley also boasts a top 10 banking franchise by deposits, with more than $400 billion in customer deposits, predominately attributable to cash sweeps from its wealth management and brokerage businesses.
75GF Score
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