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STOCK COMPARISON

Mastercard vs Morgan Stanley: Fair Value & Quality

Both stocks run through our valuation models. Here is how Mastercard (MA) and Morgan Stanley (MS) compare, as of Oct 21, 2026.

As of Oct 21, 2026, Fair Value Calculator sees Morgan Stanley as the more attractively valued of the two: Mastercard trades at $620 versus a fair value of $358 (−42.3%), while Morgan Stanley trades at $180 versus $314 (+74.1%).
Mastercard
MA · USD · Financials
−42.3%
upside to fair value
overvalued
Price$620
Fair Value$358
Quality83/100
Morgan Stanley
MS · USD · Financials
+74.1%
upside to fair value
undervalued
Price$180
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

MastercardMorgan Stanley
Valuation
33.6×P/E (TTM)14.3×
26.9×Forward P/E (FY2027)13.2×
35.7×Median P/E at FY-end (10 FY, ex one-offs where documented)13.1×
15.62×P/S (TTM)3.60×
n/aP/B2.57×
25.0×EV/EBITDA19.7×
1.46×PEG1.76×
−42.3%Fair value upside+74.1%
0.5%Dividend yield2.4%
$3.37Dividend per share$4.30
Profitability
61.1%Operating margin39.9%
1.12×EBIT margin trend (5Y)0.66×
241.2%Return on equity18.0%
27.6%Return on assets1.2%
Growth
14.1%Revenue growth (YoY)10.8%
13.8%Avg. growth/yr (3Y)22.5%
16.5%Avg. growth/yr (5Y)18.3%
+17.0%Value creation/yr+8.7%
Balance & size
26.9×Interest coverage (EBIT/interest)0.4×
2.36×Debt / equity3.13×
$548BMarket cap$287B
mixedGrowth qualitymixed
Mastercard, median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, 7 of the years ex one-offs: 35.7. 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.

Even match: 7 to 7 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.

Mastercard Morgan Stanley
ProfitabilityHow much profit the company makes from its sales and capital
86
31
Quality GrowthAre margins and returns getting better?
72
56
CashflowDo the profits arrive as real cash?
86
100
Financial strengthDebt, balance sheet and risk of trouble
65
26
InvestmentDoes it invest with discipline instead of growing at any price?
69
82
Low VolatilityHow calm the share price moves, does not count
82
58
MomentumPrice trend of the last 3 to 12 months, does not count
57
42
Near the 52-week highDistance to the 52-week high, does not count
73
44
New sharesBuys back shares or issues new ones?
98
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 familyMastercardPrice $620Morgan StanleyPrice $180
DCF Models−42.3%below the price$358+115.5%above the price$389
Earnings-Based−35.0%below the price$404+18.9%above the price$215
Dividend Discount−89.7%below the price$63.77−60.3%below the price$71.64
Multiples−63.9%below the price$224−39.4%below the price$109
Asset-Basedn/a−79.0%below the price$37.92
Growth DCF−42.4%below the price$357+221.5%above the price$580
Economic Profit−91.8%below the price$50.77−49.3%below the price$91.53
Minimum−91.8%below the price$50.77−79.0%below the price$37.92
Maximum−35.0%below the price$404+221.5%above the price$580
Median−53.2%below the price$291−39.4%below the price$109
Geometric mean−70.5%below the price$183−19.9%below the price$145

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%.

Mastercard: 11 of 11 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.

Mastercard
Price $620
Fair Value $358
Bear $168Bull $561
Morgan Stanley
Price $180
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.

Mastercard · Financials

Quality score83 · Top 25%
Fair value upside−42.3% · bottom 25%

Morgan Stanley · Financials

Quality score66 · Top 25%
Fair value upside+74.1% · Top 25%

Bottom line

As of Oct 21, 2026, Fair Value Calculator sees Morgan Stanley as the more attractively valued of the two: Mastercard trades at $620 versus a fair value of $358 (−42.3%), while Morgan Stanley trades at $180 versus $314 (+74.1%).

Mastercard has the higher quality score (83/100).

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.