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The historical rank and industry rank for Morgan Stanley's Net Cash per Share or its related term are showing as below:
XSWX:MS's Price-to-Net-Cash is not ranked *
in the Capital Markets industry.
Industry Median: 5.73 * Ranked among companies with meaningful Price-to-Net-Cash only.
Morgan Stanley (XSWX:MS) Net Cash per Share Explanation
Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.
Morgan Stanley Net Cash per Share Related Terms
Morgan Stanley Net Cash per Share Historical Data
* Premium members only.
The historical data trend for Morgan Stanley's Net Cash 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.
XSWX:MS vs GS, SCHW, HOOD: Net Cash per Share Comparison
For the Capital Markets subindustry, Morgan Stanley's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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-Net-Cash vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Morgan Stanley's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Morgan Stanley's Price-to-Net-Cash falls into.
In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.
Morgan Stanley's Net Cash per Share for the fiscal year that ended in Dec. 2025 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.
What does a Net Cash per Share of CHF-666.00 mean?
Morgan Stanley (XSWX:MS) has a Net Cash per Share of CHF-666.00 as of Mar. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Morgan Stanley and its competitors. According to the industry distribution chart, Morgan Stanley ranks #999999 out of 227 companies in the Capital Markets industry.
Is Morgan Stanley's Net Cash per Share too high?
Morgan Stanley's current Net Cash per Share is CHF-666.00. Based on the distribution chart, Morgan Stanley ranks #999999 out of 227 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. 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 Net Cash per Share compare to GS and SCHW?
According to the Capital Markets industry distribution chart, Morgan Stanley ranks #999999 out of 227 companies for Net Cash per Share. This places Morgan Stanley in the lower half of its industry. The industry median Net Cash per Share is 5.73. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Cash per Share for a Capital Markets company?
The median Net Cash per Share among Capital Markets companies is 5.73, based on 227 companies in the industry. Companies in the top quartile (top 25%) have a Net Cash per Share significantly above this median, while those in the bottom quartile fall well below. However, Net Cash per Share 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 Net Cash per Share mean?
A high Net Cash per Share can signal that a stock is expensive relative to its fundamentals. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Morgan Stanley and its competitors. For the Capital Markets industry, the median Net Cash per Share is 5.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Morgan Stanley's current Net Cash per Share is CHF-666.00. 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 (XSWX:MS) has a current Net Cash per Share of CHF-666.00. The stock's GF Value™ is CHF126.01, compared to a current price of CHF175.28 — trading 39.1% above its estimated fair value. The current Net Cash per Share is CHF-666.00. 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 Net Cash per Share calculated?
Net Cash per Share is calculated from a company's financial statements. For Morgan Stanley (XSWX:MS), the current Net Cash per Share is CHF-666.00 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.
Is Morgan Stanley (XSWX:MS) Overvalued in 2026?
Based on GuruFocus' analysis, Morgan Stanley stock appears to be overvalued.
The current stock price of CHF175.28 is trading 39.1% above its estimated GF Value™ of CHF126.01.
Key valuation signals for XSWX:MS:
Net Cash per Share: CHF-666.00
GF Value™: CHF126.01 vs. price of CHF175.28 (39.1% above fair value)
No single metric tells the full story. See the XSWX:MS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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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