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STOCK COMPARISON

Daiwa Securities Group Inc vs Morgan Stanley: Fair Value & Quality

Both stocks run through our valuation models. Here is how Daiwa Securities Group Inc (DSEEY) and Morgan Stanley (MS) compare, as of Sep 8, 2026.

As of Sep 8, 2026, Fair Value Calculator sees Daiwa Securities Group Inc as the less overvalued of the two: Daiwa Securities Group Inc trades at $12.11 versus a fair value of $10.43 (-14%), while Morgan Stanley trades at $218 versus $139 (-36%).
Daiwa Securities Group Inc
DSEEY · USD · Financials
-14%
upside to fair value
overvalued
Price$12.11
Fair Value$10.43
Quality72/100
Morgan Stanley
MS · USD · Financials
-36%
upside to fair value
overvalued
Price$218
Fair Value$139
Quality67/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Daiwa Securities Group IncMorgan Stanley
Valuation
15.4×P/E (TTM)20.1×
P/S (TTM)4.79×
P/B3.14×
EV/EBITDA22.1×
2.76×PEG2.64×
−13.9%Fair value upside−36.2%
4.0%Dividend yield1.8%
$64.00Dividend per share$4.00
Profitability
18%Operating margin41%
0.60×EBIT margin trend (5Y)0.66×
10%Return on equity16%
1%Return on assets1%
Growth
78%Revenue growth (YoY)16%
21.4%Avg. growth/yr (3Y)22.5%
21.9%Avg. growth/yr (5Y)18.3%
+16.0%Value creation/yr+11.1%
Balance & size
54.1×Interest coverage (EBIT/interest)0.4×
Debt / equity3.13×
$14BMarket cap$351B
healthyGrowth qualitymixed

Daiwa Securities Group Inc leads: 7 to 4 metric wins.

Dash = 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.

Daiwa Securities Group Incof which business quality 72 · market factors 83 Morgan Stanleyof which business quality 62 · market factors 72
ProfitabilityMargins and returns on capital today
25
31
Quality GrowthAre margins and returns improving?
51
56
CashflowEarnings quality: real cash, not paper profit
96
100
Fin. StrengthBalance sheet, leverage, solvency risk
100
26
InvestmentDisciplined investing over empire-building
60
82
Low VolatilityCalm price path (market factor)
73
58
MomentumPrice trend over the last 3–12 months (market factor)
81
73
52W MomentumDistance to the 52-week high (market factor)
98
86
Net IssuanceBuybacks instead of dilution
97
96

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 familyDaiwa Securities Group IncPrice $12.11Morgan StanleyPrice $218
DCF Modelsn/a-40%below the price$130
Earnings-Basedn/a-2%close to the price$214
Dividend Discountn/a-63%below the price$79.85
Multiples+8902%above the price$1,090-45%below the price$119
Asset-Based+6996%above the price$859-78%below the price$47.42
Growth DCFn/a+53%above the price$332
Economic Profitn/a-56%below the price$95.82
Minimum+6996%above the price$859-78%below the price$47.42
Maximum+8902%above the price$1,090+53%above the price$332
Median+7949%above the price$975-45%below the price$119
Geometric mean+7892%above the price$968-44%below the price$122

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%.

Daiwa Securities Group Inc: 0 of 2 models see the stock below the current price.

Morgan Stanley: 11 of 13 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Daiwa Securities Group Inc
Bear $7.82Fair Value $10.43Bull $13.03
$12.11 = current price (white tick)
Morgan Stanley
Bear $77.78Fair Value $139Bull $228
$218 = current price (white tick)

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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.

Daiwa Securities Group Inc · Financials

Quality score72 · Top 25%
Fair value upside-14% · below median

Morgan Stanley · Financials

Quality score67 · Top 25%
Fair value upside-36% · below median

Bottom line

As of Sep 8, 2026, Fair Value Calculator sees Daiwa Securities Group Inc as the less overvalued of the two: Daiwa Securities Group Inc trades at $12.11 versus a fair value of $10.43 (-14%), while Morgan Stanley trades at $218 versus $139 (-36%).

Daiwa Securities Group Inc has the higher quality score (72/100).

See the full analysis →

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