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STOCK COMPARISON

Morgan Stanley vs Nordic Resources: Fair Value & Quality

Both stocks run through our valuation models. Here is how Morgan Stanley (MS) and Nordic Resources (NNL) compare, as of Oct 4, 2026.

As of Oct 4, 2026, Fair Value Calculator sees Morgan Stanley as the more attractively valued of the two: Morgan Stanley trades at $190 versus a fair value of $314 (+65.0%), while Nordic Resources trades at A$0.19 versus A$0.02 (−91.1%).
Morgan Stanley
MS · USD · Financials
+65.0%
upside to fair value
undervalued
Price$190
Fair Value$314
Quality66/100
Nordic Resources
NNL.AU · AUD · Materials
−91.1%
upside to fair value
overvalued
PriceA$0.19
Fair ValueA$0.02
Quality26/100
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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

Morgan StanleyNordic Resources
Valuation
15.5×P/E (TTM)n/a
13.9×Forward P/E (FY2027)n/a
13.1×Median P/E at FY-end (10 FY, ex one-offs where documented)n/a
3.90×P/S (TTM)n/a
2.72×P/B1.56×
20.3×EV/EBITDAn/a
1.76×PEGn/a
+65.0%Fair value upside−91.1%
2.2%Dividend yieldn/a
$4.15Dividend per sharen/a
Profitability
41.6%Operating margin0.0%
0.66×EBIT margin trend (5Y)n/a
18.0%Return on equity-10.7%
1.4%Return on assets-7.2%
Growth
28.0%Revenue growth (YoY)0.0%
22.5%Avg. growth/yr (3Y)n/a
18.3%Avg. growth/yr (5Y)n/a
+8.5%Value creation/yrn/a
Balance & size
0.4×Interest coverage (EBIT/interest)n/a
3.13×Debt / equityn/a
$303BMarket cap$50M
mixedGrowth qualityweak
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.
Valuation multiples (P/E, P/S, P/B, EV/EBITDA) are shown but not scored here: the two companies sit in different sectors, and multiples only compare fairly between similar business models. PEG stays scored, as it relates the P/E to growth.

Morgan Stanley leads: 4 to 0 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.

Morgan Stanleyof which business quality 61 · market factors 56 Nordic Resourcesof which business quality 26 · market factors 38
ProfitabilityMargins and returns on capital today
31
0
Quality GrowthAre margins and returns improving?
56
15
CashflowEarnings quality: real cash, not paper profit
100
0
Fin. StrengthBalance sheet, leverage, solvency risk
26
97
InvestmentDisciplined investing over empire-building
82
33
Low VolatilityCalm price path (market factor)
58
21
MomentumPrice trend over the last 3–12 months (market factor)
54
49
52W MomentumDistance to the 52-week high (market factor)
57
36
Net IssuanceShare count: buybacks or dilution?
87
0

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 familyMorgan StanleyPrice $190Nordic ResourcesPrice A$0.19
DCF Models+115.4%above the price$410n/a
Earnings-Based+12.7%close to the price$215n/a
Dividend Discount−57.9%below the price$80.18n/a
Multiples−37.2%below the price$120n/a
Asset-Based−75.0%below the price$47.62−68.4%below the priceA$0.06
Growth DCF+244.9%above the price$656n/a
Economic Profit−49.4%below the price$96.23n/a
Minimum−75.0%below the price$47.62−68.4%below the priceA$0.06
Maximum+244.9%above the price$656−68.4%below the priceA$0.06
Median−37.2%below the price$120−68.4%below the priceA$0.06
Geometric mean−16.6%below the price$159−68.4%below the priceA$0.06

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%.

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

Nordic Resources: 1 of 1 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.

Morgan Stanley
Price $190
Fair Value $314
Bear $105Bull $429
Nordic Resources
Price A$0.19
Fair Value A$0.02
Bear A$0.01Bull A$0.03

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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.

Morgan Stanley · Financials

Quality score66 · Top 25%
Fair value upside+65.0% · Top 25%

Nordic Resources · Materials

Quality score26 · bottom 25%
Fair value upside−91.1% · bottom 25%

Bottom line

As of Oct 4, 2026, Fair Value Calculator sees Morgan Stanley as the more attractively valued of the two: Morgan Stanley trades at $190 versus a fair value of $314 (+65.0%), while Nordic Resources trades at A$0.19 versus A$0.02 (−91.1%).

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.