IIF (Morgan Stanley India Investment Fund,) Intrinsic Value: Projected FCF: $21.02 (As of Aug. 15, 2026) — 1883% Above Median

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

IIF Morgan Stanley India Investment Fund, Inc. IIF
32 GF Score
Price $23.15
! 1 Warning Sign
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What is Morgan Stanley India Investment Fund, Intrinsic Value: Projected FCF?

Morgan Stanley India Investment Fund, IIF -0.30% 32 Intrinsic Value: Projected FCF is $21.02 as of Aug. 15, 2026, which is 1883% above its 10-year median of 1.06. GuruFocus rates IIF with a GF Score™ of 32/100. The stock has 1 warning sign investors should review. Among 1,212 Asset Management companies, Morgan Stanley India Investment Fund, ranks worse than 61.3% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-08-15), Morgan Stanley India Investment Fund,'s Intrinsic Value: Projected FCF is $21.02. The stock price of Morgan Stanley India Investment Fund, is $23.15. Therefore, Morgan Stanley India Investment Fund,'s Price-to-Intrinsic-Value-Projected-FCF of today is 1.1.

The historical rank and industry rank for Morgan Stanley India Investment Fund,'s Intrinsic Value: Projected FCF or its related term are showing as below:

IIF' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 1.02   Med: 1.06   Max: 1.19
Current: 1.1

During the past 9 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Morgan Stanley India Investment Fund, was 1.19. The lowest was 1.02. And the median was 1.06.

IIF's Price-to-Projected-FCF is ranked worse than
61.3% of 1212 companies
in the Asset Management industry
Industry Median: 0.92 vs IIF: 1.10

Morgan Stanley India Investment Fund,  (NYSE:IIF) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Morgan Stanley India Investment Fund,'s Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=23.15/21.019639118732
=1.10

* 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 India Investment Fund, Intrinsic Value: Projected FCF Related Terms


Morgan Stanley India Investment Fund, Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Morgan Stanley India Investment Fund,'s Intrinsic Value: Projected FCF 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.

Morgan Stanley India Investment Fund, Intrinsic Value: Projected FCF Chart

Morgan Stanley India Investment Fund, Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only 0.00 0.00 21.11 23.88 21.02

Morgan Stanley India Investment Fund, Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Intrinsic Value: Projected FCF 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 21.11 0.00 23.88 0.00 21.02

IIF vs TSI, NPV, PNNT: Intrinsic Value: Projected FCF Comparison

For the Asset Management subindustry, Morgan Stanley India Investment Fund,'s Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF 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 India Investment Fund, Price-to-Projected-FCF vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Morgan Stanley India Investment Fund,'s Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Morgan Stanley India Investment Fund,'s Price-to-Projected-FCF falls into.


IIF
32GF Score
Morgan Stanley India Investment Fund, Inc. IIF
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Morgan Stanley India Investment Fund, Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Morgan Stanley India Investment Fund,'s Free Cash Flow(6 year avg) = $0.00.

Morgan Stanley India Investment Fund,'s Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec25)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*0+263.56*0.8)/10.031
=21.02

* 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.

What does a Intrinsic Value: Projected FCF of $21.02 mean?
Morgan Stanley India Investment Fund, (IIF) has a Intrinsic Value: Projected FCF of $21.02 as of Aug. 15, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Morgan Stanley India Investment Fund, and its competitors. This is 1883% above median its historical median of 1.06. Over the past decade, Morgan Stanley India Investment Fund,'s Intrinsic Value: Projected FCF has ranged from 1.02 to 1.19. According to the industry distribution chart, Morgan Stanley India Investment Fund, ranks #743 out of 1212 companies in the Asset Management industry, placing it in the top 61.3%.
Is Morgan Stanley India Investment Fund,'s Intrinsic Value: Projected FCF too high?
Morgan Stanley India Investment Fund,'s current Intrinsic Value: Projected FCF of $21.02 is 1883% above median its 10-year median of 1.06. Over the past 10 years, this metric has ranged from a low of 1.02 to a high of 1.19. The Asset Management industry median Intrinsic Value: Projected FCF is 0.92. Morgan Stanley India Investment Fund,'s value of $21.02 is 2184.8% above this industry median. Based on the distribution chart, Morgan Stanley India Investment Fund, ranks #743 out of 1212 companies in the Asset Management industry, which is below the industry midpoint. Overall, Morgan Stanley India Investment Fund, has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Morgan Stanley India Investment Fund,'s Intrinsic Value: Projected FCF compare to TSI and NPV?
According to the Asset Management industry distribution chart, Morgan Stanley India Investment Fund, ranks #743 out of 1212 companies for Intrinsic Value: Projected FCF. This places Morgan Stanley India Investment Fund, in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 0.92. Morgan Stanley India Investment Fund,'s value of $21.02 is 2184.8% above this benchmark. Historically, Morgan Stanley India Investment Fund,'s own Intrinsic Value: Projected FCF has ranged from 1.02 to 1.19 over the past decade. While the company's 10-year median is 1.06 vs. the industry median of 0.92, Morgan Stanley India Investment Fund, has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for an Asset Management company?
The median Intrinsic Value: Projected FCF among Asset Management companies is 0.92, based on 1,212 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Morgan Stanley India Investment Fund,'s current Intrinsic Value: Projected FCF of $21.02 is 2184.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Morgan Stanley India Investment Fund, and its competitors. For the Asset Management industry, the median Intrinsic Value: Projected FCF is 0.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Morgan Stanley India Investment Fund,'s current Intrinsic Value: Projected FCF is $21.02, which is 1883% above median its own 10-year median of 1.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morgan Stanley India Investment Fund, stock overvalued right now?
Morgan Stanley India Investment Fund, (IIF) has a current Intrinsic Value: Projected FCF of $21.02. The current Intrinsic Value: Projected FCF is $21.02, which is 1883% above median its 10-year median of 1.06 and 2184.8% above the Asset Management industry median of 0.92. Morgan Stanley India Investment Fund,'s overall GF Score™ is 32/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Morgan Stanley India Investment Fund, (IIF), the current Intrinsic Value: Projected FCF is $21.02 as of Aug. 15, 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 India Investment Fund, Business Description

Address 1585 Broadway, New York, NY, USA, 10036
Morgan Stanley India Investment Fund, Inc. is the United States based non-diversified, closed-end management investment company. Its investment objective is to achieve long-term capital appreciation through investment in equity securities of Indian Issuers. The company's portfolio of investments consists of the investment in different sectors such as auto components, banks, capital markets, construction and engineering, pharmaceuticals and others.
32GF Score

Get the complete analysis for IIF

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$23.15
Price