Morgan Stanley
3.65xPrice / tangible book
Market cap
$324.45B
Tangible equity (USD)
$88.90B
Price / tangible book
3.65x
Price / book
2.91x
Net income / ending equity
15.1%
Net income / ending assets
1.2%
Efficiency ratio
—
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 · Mkt capMarket cap $324.45B · View financials
Snapshot Sep 14, 2026, 4:00 PM ET
FY 2025 ·
Decision snapshot: MS stock price vs AMP: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at AMP's multiple
Needs AMP P/E.
Implied fair value · at MS's multiple
Price unavailable
Metric by metric
Filter, sort, and scan the equity metrics that matter most for banks: book value, tangible book, returns, and operating efficiency.
Lower is better
Lower is better
Profitability lag
Asset efficiency lag
Lower is better
Statements
Reported bank earnings and balances, with each company’s reporting period shown.
Values retain reported currencies and share bases. Select a figure to inspect its period, calculation and filing inputs. Differences require compatible units and periods.
Explore enterprise value and market valuation multiples in the valuation sections.
Trendline
16 period-end years of reported revenue, earnings, and margins. Periods and currencies are shown with the data.
Price framework
Tangible book and profitability anchor a bank, not enterprise value.
Deposits and cash-like balances distort enterprise value for banks, so this section reads equity value, tangible book and profitability instead.
Price / tangible book
Market cap
$324.45B
Tangible equity (USD)
$88.90B
Price / tangible book
3.65x
Price / book
2.91x
Net income / ending equity
15.1%
Net income / ending assets
1.2%
Efficiency ratio
—
Price / book
Market cap
—
Tangible equity (USD)
$3.95B
Price / tangible book
—
Price / book
—
Net income / ending equity
54.4%
Net income / ending assets
1.9%
Efficiency ratio
—
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
MORGAN STANLEY · implied price per share
Bank model off — standard DCF modelling is disabled for financial institutions.
AMERIPRISE FINANCIAL, INC. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Balance sheet health
Inspect reported liquidity and leverage alongside historical financial-health checks.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Not enough data to score either balance sheet.
Cash excludes investments. EBITDA is an operating-income-plus-D&A proxy. Missing borrowing categories remain unavailable; select a value to inspect its inputs.
Comparable set
Where the pair sits against the wider banking comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
LLM-powered synthesis
An explanation of the financial evidence. Check its snapshot date against the figures above.
This explanation uses an earlier data snapshot or evidence version. Review its generation date and the current figures, or refresh after signing in.
If you believe MS's higher reported profitability and low EV/EBITDA will sustain a valuation premium, then hold or selectively add, because MS shows stronger net income and net margin (24.7%) and a low EV/EBITDA (4.1x) versus AMP; if you believe the market will re-rate MS toward AMP P/E multiples (~$119 implied), then trim or sell, because the current price ($182.80) implies ~-34.7% downside to AMP-implied P/E.
MS's current share price ($182.80) is materially above AMP-implied P/E price ($119.45), implying a -34.7% downside to that AMP-based valuation. The premium is driven by higher P/E and P/S multiples versus AMP, though EV/EBITDA contradicts that picture and suggests mixed valuation signals.
Supporting Metrics