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STOCK COMPARISON

Morgan Stanley vs Royal Bank of Canada: Fair Value & Quality

Both stocks run through our valuation models. Here is how Morgan Stanley (MS) and Royal Bank of Canada (RY) compare, as of Aug 13, 2026.

As of Aug 13, 2026, Fair Value Calculator sees Royal Bank of Canada as the less overvalued of the two: Morgan Stanley trades at $215 versus a fair value of $99.08 (-54%), while Royal Bank of Canada trades at $210 versus $190 (-9%).
Morgan Stanley
MS · USD · Financials
-54%
upside to fair value
overvalued
Price$215
Fair Value$99.08
Quality67/100
Royal Bank of Canada
RY · USD · Financials
-9%
upside to fair value
fairly valued
Price$210
Fair Value$190
Quality63/100

Head-to-head numbers

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

Morgan StanleyRoyal Bank of Canada
Valuation
20.1×P/E (TTM)19.5×
4.79×P/S (TTM)4.46×
3.14×P/B2.11×
22.1×EV/EBITDA19.5×
2.64×PEG2.34×
1.8%Dividend yield3.1%
$4.00Dividend per share$6.36
Profitability
25%Net margin34%
41%Operating margin45%
16%Return on equity16%
1%Return on assets1%
Growth
16%Revenue growth (YoY)16%
22.5%Avg. growth/yr (3Y)27.1%
18.3%Avg. growth/yr (5Y)17.6%
Balance & size
3.13×Debt / equity2.54×
$351BMarket cap$293B
mixedGrowth qualityhealthy

Royal Bank of Canada leads: 4 to 10 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.

Morgan Stanleyof which business quality 62 · market factors 75 Royal Bank of Canadaof which business quality 57 · market factors 86
ProfitabilityMargins and returns on capital today
31
30
Quality GrowthAre margins and returns improving?
56
62
CashflowEarnings quality: real cash, not paper profit
100
100
Fin. StrengthBalance sheet, leverage, solvency risk
26
13
InvestmentDisciplined investing over empire-building
82
74
Low VolatilityCalm price path (market factor)
58
83
MomentumPrice trend over the last 3–12 months (market factor)
77
80
52W MomentumDistance to the 52-week high (market factor)
89
99
Net IssuanceBuybacks instead of dilution
96
83

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Morgan Stanley

DCF Models$128
Earnings-Based$211
Dividend Discount$79.85
Multiples$119
Asset-Based$47.42
Growth DCF$330
Economic Profit$95.82

11 of 13 models see the stock below the current price.

Royal Bank of Canada

Dividend Discount$121
Multiples$165
Asset-Based$67.06
Economic Profit$131

6 of 6 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.

Morgan Stanley
Bear $74.31Fair Value $99.08Bull $124
$215 = current price (white tick)
Royal Bank of Canada
Bear $143Fair Value $190Bull $238
$210 = 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.

Morgan Stanley · Financials

Quality score67 · Top 25%
Fair value upside-54% · bottom 25%

Royal Bank of Canada · Financials

Quality score63 · above median
Fair value upside-9% · below median

Bottom line

As of Aug 13, 2026, Fair Value Calculator sees Royal Bank of Canada as the less overvalued of the two: Morgan Stanley trades at $215 versus a fair value of $99.08 (-54%), while Royal Bank of Canada trades at $210 versus $190 (-9%).

Morgan Stanley has the higher quality score (67/100).

See the full analysis →
Morgan Stanley · Royal Bank of Canada

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.