Morgan Stanley Ratios and Metrics

Market cap in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 12, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Cap	214,952	245,020	176,125	132,277	124,210	151,687
Market Cap Growth	6.87%	39.12%	33.15%	6.49%	-18.11%	40.28%
Enterprise Value	-	910,909	735,724	665,306	601,264	617,408
PE Ratio	15.53	17.39	15.81	18.00	13.82	12.22
Forward PE	13.75	16.78	16.19	15.32	12.45	12.91
PEG Ratio	-	1.43	1.20	3.58	4.15	2.65
PS Ratio	3.59	3.98	3.27	2.80	2.65	2.91
PB Ratio	2.24	2.52	1.93	1.53	1.42	1.65
P/TBV Ratio	1.93	2.53	1.94	1.55	1.45	1.69
P/FCF Ratio	-	-13.52	-96.19	-4.11	-15.03	5.49
P/OCF Ratio	-	-15.71	148.30	-4.52	-22.27	5.12
EV/Sales Ratio	-	14.79	13.66	14.09	12.85	11.85
EV/EBITDA Ratio	-	39.26	37.08	47.48	38.12	29.65
EV/EBIT Ratio	-	47.58	47.95	64.59	48.94	36.00
EV/FCF Ratio	-	-50.26	-401.79	-20.65	-72.78	22.36
Debt / Equity Ratio	7.67	7.67	6.99	6.91	6.57	6.13
Debt / EBITDA Ratio	32.49	32.49	32.36	42.99	36.79	27.34
Debt / FCF Ratio	-41.59	-41.59	-350.71	-18.70	-70.23	20.62
Net Debt / Equity Ratio	6.75	6.75	6.04	6.08	5.37	4.98
Net Debt / EBITDA Ratio	28.29	28.29	27.73	37.44	29.71	21.99
Net Debt / FCF Ratio	-36.22	-36.22	-300.53	-16.28	-56.70	16.59
Asset Turnover	0.05	0.05	0.05	0.05	0.05	0.05
Quick Ratio	0.09	0.09	0.09	0.08	0.12	0.12
Current Ratio	0.72	0.72	0.70	0.72	0.71	0.72
Return on Equity (ROE)	15.61%	15.61%	13.17%	9.17%	10.76%	14.42%
Return on Assets (ROA)	1.29%	1.29%	1.12%	0.78%	0.94%	1.31%
Return on Invested Capital (ROIC)	1.69%	1.69%	1.48%	1.07%	1.34%	1.87%
Return on Capital Employed (ROCE)	20.13%	20.13%	17.13%	11.74%	13.56%	18.75%
Earnings Yield	6.44%	5.75%	6.32%	5.55%	7.23%	8.18%
FCF Yield	-8.24%	-7.40%	-1.04%	-24.36%	-6.65%	18.20%
Dividend Yield	2.48%	2.36%	3.07%	3.80%	3.76%	2.38%
Payout Ratio	39.10%	40.57%	47.95%	67.56%	51.24%	28.64%
Buyback Yield / Dilution	2.08%	2.08%	2.08%	4.07%	7.63%	6.94%
Total Shareholder Return	4.55%	4.44%	5.15%	7.87%	11.39%	9.32%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.