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STOCK COMPARISON

Morgan Stanley vs Tradegate AG Wertpapierhandelsbank: Fair Value & Quality

Both stocks run through our valuation models. Here is how Morgan Stanley (MS) and Tradegate AG Wertpapierhandelsbank (T2G) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees Morgan Stanley as the less overvalued of the two: Morgan Stanley trades at $217 versus a fair value of $139 (-36%), while Tradegate AG Wertpapierhandelsbank trades at €81.00 versus €27.34 (-66%).
Morgan Stanley
MS · USD · Financials
-36%
upside to fair value
overvalued
Price$217
Fair Value$139
Quality67/100
Tradegate AG Wertpapierhandelsbank
T2G.F · EUR · Financials
-66%
upside to fair value
overvalued
Price€81.00
Fair Value€27.34
Quality80/100
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Head-to-head numbers

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

Morgan StanleyTradegate AG Wertpapierhandelsbank
Valuation
20.1×P/E (TTM)38.6×
4.79×P/S (TTM)12.45×
3.14×P/B15.25×
22.1×EV/EBITDA—
2.64×PEG—
−36.0%Fair value upside−66.2%
1.8%Dividend yield1.9%
$4.00Dividend per share€1.50
Profitability
41%Operating margin39%
0.66×EBIT margin trend (5Y)1.74×
16%Return on equity36%
1%Return on assets13%
Growth
16%Revenue growth (YoY)37%
22.5%Avg. growth/yr (3Y)9.6%
18.3%Avg. growth/yr (5Y)-6.3%
+11.1%Value creation/yr−11.3%
Balance & size
0.4×Interest coverage (EBIT/interest)5.4×
3.13×Debt / equity—
$351BMarket cap$2B
mixedGrowth qualityweak

Morgan Stanley leads: 9 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.

Morgan Stanleyof which business quality 62 · market factors 72 Tradegate AG Wertpapierhandelsbankof which business quality 73 · market factors 50
ProfitabilityMargins and returns on capital today
31
66
Quality GrowthAre margins and returns improving?
56
75
CashflowEarnings quality: real cash, not paper profit
100
88
Fin. StrengthBalance sheet, leverage, solvency risk
26
50
InvestmentDisciplined investing over empire-building
82
86
Low VolatilityCalm price path (market factor)
58
99
MomentumPrice trend over the last 3–12 months (market factor)
73
36
52W MomentumDistance to the 52-week high (market factor)
87
19
Net IssuanceBuybacks instead of dilution
96
82

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 $217Tradegate AG WertpapierhandelsbankPrice €81.00
DCF Models-40%below the price$130-34%below the price€53.77
Earnings-Based-2%close to the price$214-12%close to the price€70.92
Dividend Discount-63%below the price$79.85n/a
Multiples-45%below the price$119-78%below the price€18.10
Asset-Based-78%below the price$47.42-95%below the price€4.24
Growth DCF+53%above the price$332-37%below the price€51.33
Economic Profit-56%below the price$95.82-75%below the price€20.65
Minimum-78%below the price$47.42-95%below the price€4.24
Maximum+53%above the price$332-12%close to the price€70.92
Median-45%below the price$119-56%below the price€35.99
Geometric mean-44%below the price$122-68%below the price€26.02

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

Tradegate AG Wertpapierhandelsbank: 10 of 11 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 $77.78Fair Value $139Bull $228
$217 = current price (white tick)
Tradegate AG Wertpapierhandelsbank
Bear €20.50Fair Value €27.34Bull €102
€81.00 = 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-36% · below median

Tradegate AG Wertpapierhandelsbank · Financials

Quality score80 · Top 25%
Fair value upside-66% · bottom 25%

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees Morgan Stanley as the less overvalued of the two: Morgan Stanley trades at $217 versus a fair value of $139 (-36%), while Tradegate AG Wertpapierhandelsbank trades at €81.00 versus €27.34 (-66%).

Tradegate AG Wertpapierhandelsbank has the higher quality score (80/100).

See the full analysis →
Morgan Stanley · Tradegate AG Wertpapierhandelsbank

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