GOLDMAN SACHS GROUP INC (GS) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:GS • US38141G1040
940.12 USD
+3.31 (+0.35%)
At close: Jan 29, 2026
933.02 USD
-7.1 (-0.76%)
Pre-Market: 1/30/2026, 8:39:10 AM
Overall GS gets a fundamental rating of 4 out of 10. We evaluated GS against 237 industry peers in the Capital Markets industry. GS may be in some trouble as it scores bad on both profitability and health. GS has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
- GS had positive earnings in the past year.
- In the past year GS had a positive cash flow from operations.
- In the past 5 years GS has always been profitable.
- In multiple years GS reported negative operating cash flow during the last 5 years.
1.2 Ratios
- The Return On Assets of GS (0.88%) is worse than 70.04% of its industry peers.
- GS's Return On Equity of 12.73% is fine compared to the rest of the industry. GS outperforms 71.31% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 1.15%, GS is doing worse than 65.82% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years for GS is significantly below the industry average of 7.27%.
- The 3 year average ROIC (0.96%) for GS is below the current ROIC(1.15%), indicating increased profibility in the last year.
| Industry Rank | Sector 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%
1.3 Margins
- GS has a Profit Margin (12.45%) which is in line with its industry peers.
- GS's Profit Margin has declined in the last couple of years.
- GS has a Operating Margin of 16.70%. This is comparable to the rest of the industry: GS outperforms 40.08% of its industry peers.
- GS's Operating Margin has declined in the last couple of years.
- The Gross Margin of GS (40.13%) is comparable to the rest of the industry.
- In the last couple of years the Gross Margin of GS has declined.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
- Compared to 1 year ago, GS has less shares outstanding
- Compared to 5 years ago, GS has less shares outstanding
- The debt/assets ratio for GS has been reduced compared to a year ago.
2.2 Solvency
- GS has an Altman-Z score of -0.19. This is a bad value and indicates that GS is not financially healthy and even has some risk of bankruptcy.
- The Altman-Z score of GS (-0.19) is worse than 79.32% of its industry peers.
- GS has a debt to FCF ratio of 72.28. This is a negative value and a sign of low solvency as GS would need 72.28 years to pay back of all of its debts.
- GS's Debt to FCF ratio of 72.28 is in line compared to the rest of the industry. GS outperforms 51.90% of its industry peers.
- GS has a Debt/Equity ratio of 8.47. This is a high value indicating a heavy dependency on external financing.
- Looking at the Debt to Equity ratio, with a value of 8.47, GS is doing worse than 87.34% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.47 | ||
| Debt/FCF | 72.28 | ||
| Altman-Z | -0.19 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
- A Current Ratio of 0.31 indicates that GS may have some problems paying its short term obligations.
- GS has a Current ratio of 0.31. This is amonst the worse of the industry: GS underperforms 80.59% of its industry peers.
- A Quick Ratio of 0.31 indicates that GS may have some problems paying its short term obligations.
- GS has a Quick ratio of 0.31. This is amonst the worse of the industry: GS underperforms 80.59% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.31 | ||
| Quick Ratio | 0.31 |
3. Growth
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.
- Looking at the last year, GS shows a decrease in Revenue. The Revenue has decreased by -1.38% in the last year.
- Measured over the past years, GS 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
- The Earnings Per Share is expected to grow by 9.65% on average over the next years. This is quite good.
- GS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.56% yearly.
EPS Next Y14.5%
EPS Next 2Y13.25%
EPS Next 3Y12.07%
EPS Next 5Y9.65%
Revenue Next Year9.28%
Revenue Next 2Y7.01%
Revenue Next 3Y4.97%
Revenue Next 5Y2.56%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
- 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.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 18.33 indicates a rather expensive valuation of GS.
- GS's Price/Earnings ratio is in line with the industry average.
- GS's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.39.
- The Price/Forward Earnings ratio is 16.01, which indicates a correct valuation of GS.
- The rest of the industry has a similar Price/Forward Earnings ratio as GS.
- GS's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.72.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.33 | ||
| Fwd PE | 16.01 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, GS is valued a bit cheaper than the industry average as 70.89% of the companies are valued more expensively.
- 66.24% of the companies in the same industry are more expensive than GS, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.88 | ||
| EV/EBITDA | 20.68 |
4.3 Compensation for Growth
- The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
- A more expensive valuation may be justified as GS's earnings are expected to grow with 12.07% in the coming years.
PEG (NY)1.26
PEG (5Y)1.75
EPS Next 2Y13.25%
EPS Next 3Y12.07%
5. Dividend
5.1 Amount
- GS has a Yearly Dividend Yield of 1.93%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 5.88, GS has a dividend in line with its industry peers.
- GS's Dividend Yield is comparable with the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.93% |
5.2 History
- On average, the dividend of GS grows each year by 19.24%, which is quite nice.
- GS has been paying a dividend for at least 10 years, so it has a reliable track record.
- GS has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)19.24%
Div Incr Years13
Div Non Decr Years14
5.3 Sustainability
- GS pays out 31.36% of its income as dividend. This is a sustainable payout ratio.
- GS's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP31.36%
EPS Next 2Y13.25%
EPS Next 3Y12.07%
GOLDMAN SACHS GROUP INC / GS FAQ
Can you provide the ChartMill fundamental rating for GOLDMAN SACHS GROUP INC?
ChartMill assigns a fundamental rating of 4 / 10 to GS.
Can you provide the valuation status for GOLDMAN SACHS GROUP INC?
ChartMill assigns a valuation rating of 4 / 10 to GOLDMAN SACHS GROUP INC (GS). This can be considered as Fairly Valued.
How profitable is GOLDMAN SACHS GROUP INC (GS) stock?
GOLDMAN SACHS GROUP INC (GS) has a profitability rating of 3 / 10.
What is the valuation of GOLDMAN SACHS GROUP INC based on its PE and PB ratios?
The Price/Earnings (PE) ratio for GOLDMAN SACHS GROUP INC (GS) is 18.33 and the Price/Book (PB) ratio is 2.27.
Is the dividend of GOLDMAN SACHS GROUP INC sustainable?
The dividend rating of GOLDMAN SACHS GROUP INC (GS) is 6 / 10 and the dividend payout ratio is 31.36%.