MS Price / Book | MORGAN STANLEY

MORGAN STANLEY Price/Book Ratio

The price-to-book (P/B) ratio compares what the stock market says a company is worth with what the company's own books say it is worth. It is market capitalization divided by shareholder equity, the book value left after subtracting liabilities from assets, and the table shows both amounts. A ratio of 1.0 means market value equals book value; a higher ratio means investors value the company above its net assets, often for brands, software or expected growth the books do not record. A negative ratio means equity is negative. Each point uses the filed share count and the last closing price on or before the equity's reporting date, never today's price.

MORGAN STANLEY price/book ratio for the quarter ending 2026-06-30 was 2.8, a 35.81% increase year-over-year.
MORGAN STANLEY price/book ratio for the quarter ending 2026-03-31 was 2.25, a 29.60% increase year-over-year.
MORGAN STANLEY price/book ratio for the quarter ending 2025-12-31 was 2.49, a 30.18% increase year-over-year.
MORGAN STANLEY price/book ratio for the quarter ending 2025-09-30 was 2.28, a 41.85% increase year-over-year.
MORGAN STANLEY price/book ratio for fiscal 2026 was 2.8.
MORGAN STANLEY price/book ratio for fiscal 2025 was 2.49, a 30.18% increase from fiscal 2024.
MORGAN STANLEY price/book ratio for fiscal 2024 was 1.92, a 26.26% increase from fiscal 2023.
MORGAN STANLEY price/book ratio for fiscal 2023 was 1.52, a 7.87% increase from fiscal 2022.

Available history: 2008-11-30 to 2026-06-30
Data captured: 2026-06-30

Historical Price/Book Ratio

Date	Price/Book Ratio	Market capitalization	Shareholder equity
2026-06-30	2.8	$328.5B	$117.44B
2026-03-31	2.25	$259.94B	$115.38B
2025-12-31	2.49	$280.97B	$112.65B
2025-09-30	2.28	$252.89B	$111.05B
2025-06-30	2.06	$225.06B	$109.27B
2025-03-31	1.74	$187.47B	$107.85B
2024-12-31	1.92	$201.99B	$105.43B
2024-09-30	1.61	$168.04B	$104.67B
2024-06-30	1.55	$157.36B	$101.61B
2024-03-31	1.53	$153.17B	$100.14B
2023-12-31	1.52	$151.72B	$99.98B
2023-09-30	1.34	$134.12B	$100.16B
2023-06-30	1.4	$141.66B	$101.36B
2023-03-31	1.44	$146.65B	$101.95B
2022-12-31	1.41	$142.41B	$101.23B
2022-09-30	1.31	$133.85B	$102.09B
2022-06-30	1.28	$131.06B	$102.66B
2022-03-31	1.47	$153.49B	$104.08B
2021-12-31	1.63	$173.94B	$106.6B
2021-09-30	1.63	$175.05B	$107.12B
2021-06-30	1.56	$168.19B	$108.16B
2021-03-31	1.35	$145.14B	$107.59B
2020-12-31	1.2	$124.04B	$103.15B
2020-09-30	0.85	$76.22B	$89.82B
2020-06-30	0.86	$76.13B	$88.01B
2020-03-31	0.61	$53.57B	$87.23B
2019-12-31	0.99	$81.49B	$82.7B
2019-09-30	0.83	$69.28B	$83.55B
2019-06-30	0.88	$72.67B	$82.85B
2019-03-31	0.87	$71.15B	$81.89B
2018-12-31	0.83	$67.41B	$81.41B
2018-09-30	1	$80.37B	$80.07B
2018-06-30	1.03	$82.93B	$80.51B
2018-03-31	1.2	$95.72B	$79.49B
2017-12-31	1.2	$93.82B	$78.47B
2017-09-30	1.09	$87.31B	$80.11B
2017-06-30	1.03	$81.97B	$79.97B
2017-03-31	1	$79.34B	$79.08B
2016-12-31	1.01	$78.25B	$77.18B
2016-09-30	0.77	$60.16B	$78.46B
2016-06-30	0.64	$49.82B	$78.38B
2016-03-31	0.63	$48.48B	$77.18B
2015-12-31	0.8	$61.08B	$76.18B
2015-09-30	0.8	$61.05B	$76.42B
2015-03-31	0.93	$70.36B	$75.47B
2014-12-31	1.05	$75.7B	$72.1B
2014-09-30	0.91	$67.7B	$74.01B
2014-06-30	0.88	$63.51B	$72.2B
2014-03-31	0.87	$61.46B	$70.27B
2013-12-31	0.88	$60.99B	$69.03B
2013-09-30	0.77	$52.64B	$68.24B
2013-06-30	0.72	$47.87B	$66.11B
2013-03-31	0.65	$43.09B	$66.07B
2012-12-31	0.57	$37.19B	$65.43B
2012-09-30	0.51	$33.06B	$65.17B
2012-06-30	0.4	$28.85B	$71.64B
2012-03-31	0.55	$38.85B	$70.59B
2011-12-31	0.42	$29.16B	$70.08B
2011-09-30	0.37	$26.04B	$70.09B
2011-06-30	0.65	$44.39B	$68.14B
2011-03-31	0.63	$42.21B	$66.51B
2010-12-31	0.63	$41.14B	$65.41B
2010-09-30	0.57	$37.34B	$65.58B
2010-06-30	0.55	$32.42B	$59.16B
2010-03-31	0.74	$40.96B	$55.18B
2009-12-31	0.76	$40.27B	$52.78B
2009-09-30	0.8	$41.96B	$52.22B
2009-06-30	0.75	$38.75B	$51.46B
2009-03-31	0.5	$24.47B	$49.21B
2008-12-31	0.35	$17.23B	$49.46B
2008-11-30	0.3	$15.45B	$51.54B

Annual Price/Book Ratio

Date	Price/Book Ratio	Market capitalization	Shareholder equity
2026-06-30	2.8	$328.5B	$117.44B
2025-12-31	2.49	$280.97B	$112.65B
2024-12-31	1.92	$201.99B	$105.43B
2023-12-31	1.52	$151.72B	$99.98B
2022-12-31	1.41	$142.41B	$101.23B
2021-12-31	1.63	$173.94B	$106.6B
2020-12-31	1.2	$124.04B	$103.15B
2019-12-31	0.99	$81.49B	$82.7B
2018-12-31	0.83	$67.41B	$81.41B
2017-12-31	1.2	$93.82B	$78.47B
2016-12-31	1.01	$78.25B	$77.18B
2015-12-31	0.8	$61.08B	$76.18B
2014-12-31	1.05	$75.7B	$72.1B
2013-12-31	0.88	$60.99B	$69.03B
2012-12-31	0.57	$37.19B	$65.43B
2011-12-31	0.42	$29.16B	$70.08B
2010-12-31	0.63	$41.14B	$65.41B
2009-12-31	0.76	$40.27B	$52.78B
2008-12-31	0.35	$17.23B	$49.46B

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