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STOCK COMPARISON

Saudi Tadawul Group Holding vs Morgan Stanley: Fair Value & Quality

Both stocks run through our valuation models. Here is how Saudi Tadawul Group Holding (1111) and Morgan Stanley (MS) compare, as of Oct 1, 2026.

As of Oct 1, 2026, Fair Value Calculator sees Morgan Stanley as the more attractively valued of the two: Saudi Tadawul Group Holding trades at SAR 116 versus a fair value of SAR 53.46 (−54.1%), while Morgan Stanley trades at $193 versus $314 (+62.9%).
Saudi Tadawul Group Holding
1111.SR · SAR · Financials
−54.1%
upside to fair value
overvalued
PriceSAR 116
Fair ValueSAR 53.46
Quality60/100
Morgan Stanley
MS · USD · Financials
+62.9%
upside to fair value
undervalued
Price$193
Fair Value$314
Quality66/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Saudi Tadawul Group HoldingMorgan Stanley
Valuation
42.8×P/E (TTM)15.7×
30.0×Forward P/E (FY2027)14.1×
n/aMedian P/E at FY-end (10 FY, ex one-offs where documented)13.1×
11.34×P/S (TTM)3.95×
4.06×P/B2.75×
51.5×EV/EBITDA20.5×
n/aPEG1.76×
−54.1%Fair value upside+62.9%
2.0%Dividend yield2.2%
SAR 2.30Dividend per share$4.15
Profitability
21.4%Operating margin41.6%
0.69×EBIT margin trend (5Y)0.66×
9.9%Return on equity18.0%
1.7%Return on assets1.4%
Growth
1.2%Revenue growth (YoY)28.0%
9.4%Avg. growth/yr (3Y)22.5%
5.7%Avg. growth/yr (5Y)18.3%
−2.6%Value creation/yr+8.5%
Balance & size
13.6×Interest coverage (EBIT/interest)0.4×
0.09×Debt / equity3.13×
$4BMarket cap$307B
mixedGrowth qualitymixed
Morgan Stanley, median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2022, FY2023 ex one-offs: 13.1.
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

Morgan Stanley leads: 4 to 10 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Saudi Tadawul Group Holdingof which business quality 60 · market factors 33 Morgan Stanleyof which business quality 61 · market factors 58
ProfitabilityMargins and returns on capital today
41
31
Quality GrowthAre margins and returns improving?
19
56
CashflowEarnings quality: real cash, not paper profit
83
100
Fin. StrengthBalance sheet, leverage, solvency risk
63
26
InvestmentDisciplined investing over empire-building
68
82
Low VolatilityCalm price path (market factor)
83
58
MomentumPrice trend over the last 3–12 months (market factor)
19
59
52W MomentumDistance to the 52-week high (market factor)
0
58
Net IssuanceShare count: buybacks or dilution?
82
87

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familySaudi Tadawul Group HoldingPrice SAR 116Morgan StanleyPrice $193
DCF Models−56.6%below the priceSAR 50.47+112.7%above the price$410
Earnings-Based−58.2%below the priceSAR 48.68+11.3%close to the price$215
Dividend Discount−53.8%below the priceSAR 53.82−58.4%below the price$80.18
Multiples−64.3%below the priceSAR 41.52−38.0%below the price$120
Asset-Based−83.5%below the priceSAR 19.22−75.3%below the price$47.62
Growth DCF−58.0%below the priceSAR 48.90+240.5%above the price$656
Economic Profit−74.8%below the priceSAR 29.37−50.1%below the price$96.23
Minimum−83.5%below the priceSAR 19.22−75.3%below the price$47.62
Maximum−53.8%below the priceSAR 53.82+240.5%above the price$656
Median−58.2%below the priceSAR 48.68−38.0%below the price$120
Geometric mean−66.0%below the priceSAR 39.56−17.7%below the price$159

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Saudi Tadawul Group Holding: 13 of 13 models see the stock below the current price.

Morgan Stanley: 7 of 13 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Saudi Tadawul Group Holding
Price SAR 116
Fair Value SAR 53.46
Bear SAR 32.14Bull SAR 74.52
Morgan Stanley
Price $193
Fair Value $314
Bear $105Bull $429

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Saudi Tadawul Group Holding · Financials

Quality score60 · above median
Fair value upside−54.1% · bottom 25%

Morgan Stanley · Financials

Quality score66 · Top 25%
Fair value upside+62.9% · Top 25%

Bottom line

As of Oct 1, 2026, Fair Value Calculator sees Morgan Stanley as the more attractively valued of the two: Saudi Tadawul Group Holding trades at SAR 116 versus a fair value of SAR 53.46 (−54.1%), while Morgan Stanley trades at $193 versus $314 (+62.9%).

Morgan Stanley has the higher quality score (66/100).

Open Morgan Stanley live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.