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STOCK COMPARISON

Morgan Stanley vs Visa Inc. Class A: Fair Value & Quality

Both stocks run through our valuation models. Here is how Morgan Stanley (MS) and Visa Inc. Class A (V) compare, as of Oct 5, 2026.

As of Oct 5, 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 Visa Inc. Class A trades at $361 versus $221 (−38.6%).
Morgan Stanley
MS · USD · Financials
+65.0%
upside to fair value
undervalued
Price$190
Fair Value$314
Quality66/100
Visa Inc. Class A
V · USD · Financials
−38.6%
upside to fair value
overvalued
Price$361
Fair Value$221
Quality82/100
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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 StanleyVisa Inc. Class A
Valuation
15.5×P/E (TTM)30.8×
17.9×P/E ex one-offs (FY2025)31.4×
13.9×Forward P/E (FY2027)n/a
13.1×Median P/E at FY-end (10 FY, ex one-offs where documented)32.1×
3.90×P/S (TTM)15.67×
2.72×P/B18.39× · book value is mostly goodwill
20.3×EV/EBITDA22.4×
1.76×PEG1.64×
+65.0%Fair value upside−38.6%
2.2%Dividend yield0.7%
$4.15Dividend per share$2.68
Profitability
41.6%Operating margin66.1%
0.66×EBIT margin trend (5Y)0.93×
18.0%Return on equity61.2%
1.4%Return on assets19.1%
Growth
28.0%Revenue growth (YoY)14.4%
22.5%Avg. growth/yr (3Y)10.9%
18.3%Avg. growth/yr (5Y)12.9%
+8.5%Value creation/yr+16.5%
Balance & size
0.4×Interest coverage (EBIT/interest)40.7×
3.13×Debt / equity0.52×
$303BMarket cap$697B
mixedGrowth qualityhealthy
The P/E excluding one-off items is only shown where the special items are documented in the accounts (our own raw data or SEC filings). If one side lacks it, the reported P/E stays scored.
Morgan Stanley, median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2022, FY2023 ex one-offs: 13.1. Visa Inc. Class A, median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, 6 of the years ex one-offs: 32.1.
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.

Visa Inc. Class A leads: 7 to 8 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 Visa Inc. Class Aof which business quality 76 · market factors 62
ProfitabilityMargins and returns on capital today
31
76
Quality GrowthAre margins and returns improving?
56
41
CashflowEarnings quality: real cash, not paper profit
100
85
Fin. StrengthBalance sheet, leverage, solvency risk
26
71
InvestmentDisciplined investing over empire-building
82
85
Low VolatilityCalm price path (market factor)
58
82
MomentumPrice trend over the last 3–12 months (market factor)
54
53
52W MomentumDistance to the 52-week high (market factor)
57
56
Net IssuanceShare count: buybacks or dilution?
87
100

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 $190Visa Inc. Class APrice $361
DCF Models+115.4%above the price$410−35.6%below the price$232
Earnings-Based+12.7%close to the price$215−27.4%below the price$262
Dividend Discount−57.9%below the price$80.18n/a
Multiples−37.2%below the price$120−74.5%below the price$92.08
Asset-Based−75.0%below the price$47.62−95.9%below the price$14.90
Growth DCF+244.9%above the price$656−39.6%below the price$218
Economic Profit−49.4%below the price$96.23−71.0%below the price$105
Minimum−75.0%below the price$47.62−95.9%below the price$14.90
Maximum+244.9%above the price$656−27.4%below the price$262
Median−37.2%below the price$120−55.3%below the price$161
Geometric mean−16.6%below the price$159−69.1%below the price$111

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.

Visa Inc. Class A: 10 of 11 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
Visa Inc. Class A
Price $361
Fair Value $221
Bear $115Bull $325

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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%

Visa Inc. Class A · Financials

Quality score82 · Top 25%
Fair value upside−38.6% · bottom 25%

Bottom line

As of Oct 5, 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 Visa Inc. Class A trades at $361 versus $221 (−38.6%).

Visa Inc. Class A has the higher quality score (82/100).

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