GOLDMAN SACHS GROUP INC (GOS.DE) Fundamental Analysis & Valuation

FRA:GOS • US38141G1040

708.5 EUR
-22 (-3.01%)
Last: Mar 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This GOS.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

Taking everything into account, GOS scores 4 out of 10 in our fundamental rating. GOS was compared to 117 industry peers in the Capital Markets industry. While GOS is still in line with the averages on profitability rating, there are concerns on its financial health. GOS has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

4

1. GOS.DE Profitability Analysis

1.1 Basic Checks

  • GOS had positive earnings in the past year.
  • In the past year GOS had a positive cash flow from operations.
  • GOS had positive earnings in each of the past 5 years.
  • The reported operating cash flow has been mixed in the past 5 years: GOS reported negative operating cash flow in multiple years.
GOS.DE Yearly Net Income VS EBIT VS OCF VS FCFGOS.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10B -10B 20B -20B

1.2 Ratios

  • The Return On Assets of GOS (0.88%) is comparable to the rest of the industry.
  • The Return On Equity of GOS (12.73%) is better than 64.96% of its industry peers.
  • GOS has a Return On Invested Capital (1.15%) which is comparable to the rest of the industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for GOS is significantly below the industry average of 8.89%.
  • The 3 year average ROIC (0.96%) for GOS is below the current ROIC(1.15%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 0.88%
ROE 12.73%
ROIC 1.15%
ROA(3y)0.73%
ROA(5y)0.88%
ROE(3y)10.3%
ROE(5y)11.86%
ROIC(3y)0.96%
ROIC(5y)1.13%
GOS.DE Yearly ROA, ROE, ROICGOS.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • GOS has a Profit Margin of 12.45%. This is comparable to the rest of the industry: GOS outperforms 47.86% of its industry peers.
  • GOS's Profit Margin has declined in the last couple of years.
  • GOS has a Operating Margin (16.70%) which is comparable to the rest of the industry.
  • GOS's Operating Margin has declined in the last couple of years.
  • GOS's Gross Margin of 40.13% is in line compared to the rest of the industry. GOS outperforms 58.12% of its industry peers.
  • GOS's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 16.7%
PM (TTM) 12.45%
GM 40.13%
OM growth 3Y-3.81%
OM growth 5Y-8.77%
PM growth 3Y-5.96%
PM growth 5Y-3.81%
GM growth 3Y-13.08%
GM growth 5Y-12.14%
GOS.DE Yearly Profit, Operating, Gross MarginsGOS.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

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3

2. GOS.DE Health Analysis

2.1 Basic Checks

  • The number of shares outstanding for GOS has been reduced compared to 1 year ago.
  • The number of shares outstanding for GOS has been reduced compared to 5 years ago.
  • GOS has a better debt/assets ratio than last year.
GOS.DE Yearly Shares OutstandingGOS.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
GOS.DE Yearly Total Debt VS Total AssetsGOS.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500B 1T 1.5T

2.2 Solvency

  • Based on the Altman-Z score of -0.20, we must say that GOS is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of GOS (-0.20) is comparable to the rest of the industry.
  • GOS has a debt to FCF ratio of 72.28. This is a negative value and a sign of low solvency as GOS would need 72.28 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 72.28, GOS is in the better half of the industry, outperforming 64.96% of the companies in the same industry.
  • GOS has a Debt/Equity ratio of 8.47. This is a high value indicating a heavy dependency on external financing.
  • The Debt to Equity ratio of GOS (8.47) is worse than 69.23% of its industry peers.
Industry RankSector Rank
Debt/Equity 8.47
Debt/FCF 72.28
Altman-Z -0.2
ROIC/WACCN/A
WACCN/A
GOS.DE Yearly LT Debt VS Equity VS FCFGOS.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100B 200B

2.3 Liquidity

  • GOS has a Current Ratio of 0.31. This is a bad value and indicates that GOS is not financially healthy enough and could expect problems in meeting its short term obligations.
  • GOS has a Current ratio (0.31) which is comparable to the rest of the industry.
  • GOS has a Quick Ratio of 0.31. This is a bad value and indicates that GOS is not financially healthy enough and could expect problems in meeting its short term obligations.
  • GOS has a Quick ratio (0.31) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 0.31
Quick Ratio 0.31
GOS.DE Yearly Current Assets VS Current LiabilitesGOS.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200B 400B 600B 800B 1T

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. GOS.DE Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 26.49% over the past year.
  • The Earnings Per Share has been growing by 10.50% on average over the past years. This is quite good.
  • The Revenue has decreased by -1.38% in the past year.
  • Measured over the past years, GOS shows a quite strong growth in Revenue. The Revenue has been growing by 17.29% on average per year.
EPS 1Y (TTM)26.49%
EPS 3Y19.49%
EPS 5Y10.5%
EPS Q2Q%17.24%
Revenue 1Y (TTM)-1.38%
Revenue growth 3Y22.11%
Revenue growth 5Y17.29%
Sales Q2Q%-2.99%

3.2 Future

  • GOS is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.49% yearly.
  • GOS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.66% yearly.
EPS Next Y17.02%
EPS Next 2Y14.21%
EPS Next 3Y12.38%
EPS Next 5Y10.49%
Revenue Next Year9.27%
Revenue Next 2Y6.97%
Revenue Next 3Y5.04%
Revenue Next 5Y3.66%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
GOS.DE Yearly Revenue VS EstimatesGOS.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 20B 40B 60B 80B 100B
GOS.DE Yearly EPS VS EstimatesGOS.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 20 40 60 80 100

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6

4. GOS.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 16.05 indicates a correct valuation of GOS.
  • 70.94% of the companies in the same industry are more expensive than GOS, based on the Price/Earnings ratio.
  • GOS is valuated rather cheaply when we compare the Price/Earnings ratio to 26.29, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 13.72, GOS is valued correctly.
  • GOS's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. GOS is cheaper than 75.21% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of GOS to the average of the S&P500 Index (24.57), we can say GOS is valued slightly cheaper.
Industry RankSector Rank
PE 16.05
Fwd PE 13.72
GOS.DE Price Earnings VS Forward Price EarningsGOS.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 69.23% of the companies in the same industry are more expensive than GOS, based on the Enterprise Value to EBITDA ratio.
  • GOS's Price/Free Cash Flow ratio is rather cheap when compared to the industry. GOS is cheaper than 88.03% of the companies in the same industry.
Industry RankSector Rank
P/FCF 15.66
EV/EBITDA 19.51
GOS.DE Per share dataGOS.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 100 200 300

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as GOS's earnings are expected to grow with 12.38% in the coming years.
PEG (NY)0.94
PEG (5Y)1.53
EPS Next 2Y14.21%
EPS Next 3Y12.38%

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4

5. GOS.DE Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.99%, GOS has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 3.08, GOS has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, GOS has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.99%

5.2 History

  • On average, the dividend of GOS grows each year by 19.24%, which is quite nice.
Dividend Growth(5Y)19.24%
Div Incr Years6
Div Non Decr Years6
GOS.DE Yearly Dividends per shareGOS.DE Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 2026 2 4 6 8 10

5.3 Sustainability

  • GOS pays out 31.36% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of GOS is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP31.36%
EPS Next 2Y14.21%
EPS Next 3Y12.38%
GOS.DE Yearly Income VS Free CF VS DividendGOS.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10B -10B 20B -20B
GOS.DE Dividend Payout.GOS.DE Dividend Payout, showing the Payout Ratio.GOS.DE Dividend Payout.PayoutRetained Earnings

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GOS.DE Fundamentals: All Metrics, Ratios and Statistics

GOLDMAN SACHS GROUP INC

FRA:GOS (3/6/2026, 7:00:00 PM)

708.5

-22 (-3.01%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)01-19
Earnings (Next)04-13
Inst Owners74.56%
Inst Owner ChangeN/A
Ins Owners0.52%
Ins Owner ChangeN/A
Market Cap212.50B
Revenue(TTM)125.10B
Net Income(TTM)15.84B
Analysts72.5
Price Target833.46 (17.64%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.99%
Yearly Dividend12.02
Dividend Growth(5Y)19.24%
DP31.36%
Div Incr Years6
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)9.66%
Min EPS beat(2)8.14%
Max EPS beat(2)11.18%
EPS beat(4)4
Avg EPS beat(4)17.85%
Min EPS beat(4)8.14%
Max EPS beat(4)41.07%
EPS beat(8)8
Avg EPS beat(8)21.62%
EPS beat(12)9
Avg EPS beat(12)12.01%
EPS beat(16)12
Avg EPS beat(16)10.57%
Revenue beat(2)2
Avg Revenue beat(2)4.86%
Min Revenue beat(2)4.58%
Max Revenue beat(2)5.15%
Revenue beat(4)3
Avg Revenue beat(4)4.29%
Min Revenue beat(4)-1.25%
Max Revenue beat(4)8.67%
Revenue beat(8)6
Avg Revenue beat(8)3.68%
Revenue beat(12)9
Avg Revenue beat(12)17.49%
Revenue beat(16)13
Avg Revenue beat(16)20.62%
PT rev (1m)8.78%
PT rev (3m)18.72%
EPS NQ rev (1m)1.03%
EPS NQ rev (3m)1.14%
EPS NY rev (1m)2.2%
EPS NY rev (3m)5.55%
Revenue NQ rev (1m)-3.9%
Revenue NQ rev (3m)-3.99%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.99%
Valuation
Industry RankSector Rank
PE 16.05
Fwd PE 13.72
P/S 1.94
P/FCF 15.66
P/OCF 13.8
P/B 1.98
P/tB 2.1
EV/EBITDA 19.51
EPS(TTM)44.15
EY6.23%
EPS(NY)51.66
Fwd EY7.29%
FCF(TTM)45.25
FCFY6.39%
OCF(TTM)51.33
OCFY7.25%
SpS365.07
BVpS357.01
TBVpS337.45
PEG (NY)0.94
PEG (5Y)1.53
Graham Number595.52
Profitability
Industry RankSector Rank
ROA 0.88%
ROE 12.73%
ROCE 3.16%
ROIC 1.15%
ROICexc 1.31%
ROICexgc 1.31%
OM 16.7%
PM (TTM) 12.45%
GM 40.13%
FCFM 12.4%
ROA(3y)0.73%
ROA(5y)0.88%
ROE(3y)10.3%
ROE(5y)11.86%
ROIC(3y)0.96%
ROIC(5y)1.13%
ROICexc(3y)1.11%
ROICexc(5y)1.39%
ROICexgc(3y)1.13%
ROICexgc(5y)1.4%
ROCE(3y)2.76%
ROCE(5y)3.09%
ROICexgc growth 3Y1.88%
ROICexgc growth 5Y-4.51%
ROICexc growth 3Y1.29%
ROICexc growth 5Y-4.9%
OM growth 3Y-3.81%
OM growth 5Y-8.77%
PM growth 3Y-5.96%
PM growth 5Y-3.81%
GM growth 3Y-13.08%
GM growth 5Y-12.14%
F-Score7
Asset Turnover0.07
Health
Industry RankSector Rank
Debt/Equity 8.47
Debt/FCF 72.28
Debt/EBITDA 45.04
Cap/Depr 98.42%
Cap/Sales 1.67%
Interest Coverage 0.31
Cash Conversion 76.45%
Profit Quality 99.56%
Current Ratio 0.31
Quick Ratio 0.31
Altman-Z -0.2
F-Score7
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)26.49%
EPS 3Y19.49%
EPS 5Y10.5%
EPS Q2Q%17.24%
EPS Next Y17.02%
EPS Next 2Y14.21%
EPS Next 3Y12.38%
EPS Next 5Y10.49%
Revenue 1Y (TTM)-1.38%
Revenue growth 3Y22.11%
Revenue growth 5Y17.29%
Sales Q2Q%-2.99%
Revenue Next Year9.27%
Revenue Next 2Y6.97%
Revenue Next 3Y5.04%
Revenue Next 5Y3.66%
EBIT growth 1Y32.76%
EBIT growth 3Y17.45%
EBIT growth 5Y7%
EBIT Next Year-8.23%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y117.45%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y120.25%
OCF growth 3YN/A
OCF growth 5YN/A

GOLDMAN SACHS GROUP INC / GOS.DE FAQ

What is the fundamental rating for GOS stock?

ChartMill assigns a fundamental rating of 4 / 10 to GOS.DE.


What is the valuation status for GOS stock?

ChartMill assigns a valuation rating of 6 / 10 to GOLDMAN SACHS GROUP INC (GOS.DE). This can be considered as Fairly Valued.


What is the profitability of GOS stock?

GOLDMAN SACHS GROUP INC (GOS.DE) has a profitability rating of 4 / 10.


Can you provide the financial health for GOS stock?

The financial health rating of GOLDMAN SACHS GROUP INC (GOS.DE) is 3 / 10.


How sustainable is the dividend of GOLDMAN SACHS GROUP INC (GOS.DE) stock?

The dividend rating of GOLDMAN SACHS GROUP INC (GOS.DE) is 4 / 10 and the dividend payout ratio is 31.36%.