Morgan StanleyMIL:1MS 44 Net Margin % is 28.81% as of Mar. 2026, which is 24% above its 10-year median of 23.18. GuruFocus rates MIL:1MS with a GF Score™ of 44/100 and a GF Value™ of €131.58 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 774 Capital Markets companies, Morgan Stanley ranks better than 64.86% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Morgan Stanley's Net Income for the
three
months ended in Mar. 2026 was €4,815 Mil. Morgan Stanley's Revenue for the
three
months ended in Mar. 2026 was €16,715 Mil. Therefore, Morgan Stanley's net margin for the quarter that ended in Mar. 2026 was 28.81%.
The historical rank and industry rank for Morgan Stanley's Net Margin % or its related term are showing as below:
MIL:1MS'
s Net Margin % Range Over the Past 10 Years
Min: 17.05 Med: 23.18 Max: 26.65
Current: 26.34
MIL:1MS's Net Margin % is ranked better than 64.86% of 774
companies
in the Capital Markets industry
Industry Median: 14.305
vs MIL:1MS: 26.34
Morgan Stanley (MIL:1MS) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Morgan Stanley Net Margin % Related Terms
Morgan Stanley Net Margin % Historical Data
* Premium members only.
The historical data trend for Morgan Stanley's Net Margin % 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.
MIL:1MS vs GS, SCHW, HOOD: Net Margin % Comparison
For the Capital Markets subindustry, Morgan Stanley's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Morgan Stanley's Net Margin % distribution charts can be found below:
* The bar in red indicates where Morgan Stanley's Net Margin % 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 (MIL:1MS) has a Net Margin % of 28.81% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Morgan Stanley and its competitors. This is 24% above median its historical median of 23.18. Over the past decade, Morgan Stanley's Net Margin % has ranged from 17.05 to 26.65. According to the industry distribution chart, Morgan Stanley ranks #272 out of 774 companies in the Capital Markets industry, placing it in the top 35.1%.
Is Morgan Stanley's Net Margin % too high?
Morgan Stanley's current Net Margin % of 28.81% is 24% above median its 10-year median of 23.18. Over the past 10 years, this metric has ranged from a low of 17.05 to a high of 26.65. The Capital Markets industry median Net Margin % is 14.31. Morgan Stanley's value of 28.81% is 101.4% above this industry median. Based on the distribution chart, Morgan Stanley ranks #272 out of 774 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Morgan Stanley has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Morgan Stanley's Net Margin % compare to GS and SCHW?
According to the Capital Markets industry distribution chart, Morgan Stanley ranks #272 out of 774 companies for Net Margin %. This puts Morgan Stanley in the upper half of its industry. The industry median Net Margin % is 14.31. Morgan Stanley's value of 28.81% is 101.4% above this benchmark. Historically, Morgan Stanley's own Net Margin % has ranged from 17.05 to 26.65 over the past decade. While the company's 10-year median is 23.18 vs. the industry median of 14.31, Morgan Stanley 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 Net Margin % for a Capital Markets company?
The median Net Margin % among Capital Markets companies is 14.31, based on 774 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Morgan Stanley's current Net Margin % of 28.81% is 101.4% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Morgan Stanley and its competitors. For the Capital Markets industry, the median Net Margin % is 14.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Morgan Stanley's current Net Margin % is 28.81%, which is 24% above median its own 10-year median of 23.18. 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?
Based on GuruFocus' analysis, Morgan Stanley (MIL:1MS) is currently considered Significantly Overvalued. The stock's GF Value™ is €131.58, compared to a current price of €198.35 — trading 50.7% above its estimated fair value. The current Net Margin % is 28.81%, which is 24% above median its 10-year median of 23.18 and 101.4% above the Capital Markets industry median of 14.31. Morgan Stanley's overall GF Score™ is 44/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Morgan Stanley (MIL:1MS), the current Net Margin % is 28.81% 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 (MIL:1MS) Overvalued in 2026?
Based on GuruFocus' analysis, Morgan Stanley stock appears to be overvalued.
The current stock price of €198.35 is trading 50.7% above its estimated GF Value™ of €131.58.
GuruFocus considers Morgan Stanley to be Significantly Overvalued.
Key valuation signals for MIL:1MS:
Net Margin %: 28.81% (24% above median its 10-year median of 23.18)
GF Value™: €131.58 vs. price of €198.35 (50.7% above fair value)
Industry Position: 101.4% above the Capital Markets median (#272 of 774)
No single metric tells the full story. See the MIL:1MS 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.
44GF Score
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