Morgan Stanley (MEX:MS) Scaled Net Operating Assets: 0.27 (As of Mar. 2026)


MEX:MS Morgan Stanley MEX:MS
60 GF Score
Price MXN3,970.00
GF Value MXN2,707.46
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Morgan Stanley Scaled Net Operating Assets?

Morgan Stanley MEX:MS 60 Scaled Net Operating Assets is 0.27 as of Mar. 2026. GuruFocus rates MEX:MS with a GF Score™ of 60/100 and a GF Value™ of MXN2,707.46 (Significantly Overvalued). The stock has 8 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Morgan Stanley's operating assets for the quarter that ended in Mar. 2026 was MXN26,157,044 Mil. Morgan Stanley's operating liabilities for the quarter that ended in Mar. 2026 was MXN19,327,448 Mil. Morgan Stanley's Total Assets for the quarter that ended in Dec. 2025 was MXN25,572,956 Mil. Therefore, Morgan Stanley's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.27.

MEX:MS
60GF Score
Morgan Stanley MEX:MS
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Morgan Stanley Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Morgan Stanley's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(24108912.086-16872781.366)/25341156.237
=0.29

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=25572955.554 - 1464043.468
=24108912.086

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=23544577.436 - 6291047.538 - 380748.532
=16872781.366

Morgan Stanley's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(26157044.483-19327447.876)/25572955.554
=0.27

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=28517236.392 - 2360191.909
=26157044.483

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=26436551.334 - 6681710.435 - 427393.023
=19327447.876

* 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 Scaled Net Operating Assets of 0.27 mean?
Morgan Stanley (MEX:MS) has a Scaled Net Operating Assets of 0.27 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Morgan Stanley and its competitors.
Is Morgan Stanley's Scaled Net Operating Assets too high?
Morgan Stanley's current Scaled Net Operating Assets is 0.27. Overall, Morgan Stanley has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Morgan Stanley's Scaled Net Operating Assets compare to GS and SCHW?
Morgan Stanley's Scaled Net Operating Assets of 0.27 can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Capital Markets company?
A good Scaled Net Operating Assets depends on the Capital Markets industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Morgan Stanley and its competitors. Morgan Stanley's current Scaled Net Operating Assets is 0.27. 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 (MEX:MS) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN2,707.46, compared to a current price of MXN3,970.00 — trading 46.6% above its estimated fair value. The current Scaled Net Operating Assets is 0.27. Morgan Stanley's overall GF Score™ is 60/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Morgan Stanley (MEX:MS), the current Scaled Net Operating Assets is 0.27 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 (MEX:MS) Overvalued in 2026?

Based on GuruFocus' analysis, Morgan Stanley stock appears to be overvalued. The current stock price of MXN3,970.00 is trading 46.6% above its estimated GF Value™ of MXN2,707.46. GuruFocus considers Morgan Stanley to be Significantly Overvalued.

Key valuation signals for MEX:MS:

  • Scaled Net Operating Assets: 0.27
  • GF Value™: MXN2,707.46 vs. price of MXN3,970.00 (46.6% above fair value)
  • GF Score™: 60/100 with 8 warning signs

No single metric tells the full story. See the MEX:MS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Morgan Stanley Business Description

Address 1585 Broadway, New York, NY, USA, 10036
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.
60GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN3,970.00
Price
MXN2,707.46
GF Value