GOLDMAN SACHS GROUP INC (GS) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:GS - US38141G1040 - Common Stock
964.44 USD
+21.07 (+2.23%)
Overall GS gets a fundamental rating of 4 out of 10. We evaluated GS against 238 industry peers in the Capital Markets industry. GS may be in some trouble as it scores bad on both profitability and health. GS is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
- In the past year GS was profitable.
- In the past year GS had a positive cash flow from operations.
- Each year in the past 5 years GS has been profitable.
- In multiple years GS reported negative operating cash flow during the last 5 years.
1.2 Ratios
- GS has a Return On Assets of 0.88%. This is in the lower half of the industry: GS underperforms 69.75% of its industry peers.
- GS's Return On Equity of 12.73% is fine compared to the rest of the industry. GS outperforms 71.43% of its industry peers.
- With a Return On Invested Capital value of 1.15%, GS is not doing good in the industry: 65.55% of the companies in the same industry are doing better.
- Measured over the past 3 years, the Average Return On Invested Capital for GS is significantly below the industry average of 7.27%.
- The last Return On Invested Capital (1.15%) for GS is above the 3 year average (0.96%), which is a sign of increasing profitability.
| 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
- The Profit Margin of GS (12.45%) is comparable to the rest of the industry.
- GS's Profit Margin has declined in the last couple of years.
- GS has a Operating Margin (16.70%) which is in line with 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
- The number of shares outstanding for GS has been reduced compared to 1 year ago.
- 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
- Based on the Altman-Z score of -0.19, we must say that GS is in the distress zone and has some risk of bankruptcy.
- The Altman-Z score of GS (-0.19) is worse than 79.41% of its industry peers.
- The Debt to FCF ratio of GS is 72.28, which is on the high side as it means it would take GS, 72.28 years of fcf income to pay off all of its debts.
- GS has a Debt to FCF ratio of 72.28. This is comparable to the rest of the industry: GS outperforms 51.68% of its industry peers.
- A Debt/Equity ratio of 8.47 is on the high side and indicates that GS has dependencies on debt financing.
- Looking at the Debt to Equity ratio, with a value of 8.47, GS is doing worse than 87.39% 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
- GS has a Current Ratio of 0.31. This is a bad value and indicates that GS is not financially healthy enough and could expect problems in meeting its short term obligations.
- With a Current ratio value of 0.31, GS is not doing good in the industry: 80.67% of the companies in the same industry are doing better.
- A Quick Ratio of 0.31 indicates that GS may have some problems paying its short term obligations.
- The Quick ratio of GS (0.31) is worse than 80.67% 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.
- GS shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 10.50% yearly.
- GS shows a decrease in Revenue. In the last year, the revenue decreased by -1.38%.
- The Revenue has been growing by 17.29% on average over the past years. This is quite good.
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
- Based on estimates for the next years, GS will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.65% on average per year.
- 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 Year7%
Revenue Next 2Y5.81%
Revenue Next 3Y3.01%
Revenue Next 5Y2.56%
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.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 18.80, GS is valued on the expensive side.
- GS's Price/Earnings is on the same level as the industry average.
- Compared to an average S&P500 Price/Earnings ratio of 26.94, GS is valued a bit cheaper.
- A Price/Forward Earnings ratio of 16.42 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 23.94.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.8 | ||
| Fwd PE | 16.42 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, GS is valued a bit cheaper than the industry average as 71.43% of the companies are valued more expensively.
- 65.55% 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 | 18.34 | ||
| EV/EBITDA | 20.72 |
4.3 Compensation for Growth
- The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
- GS's earnings are expected to grow with 12.07% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.3
PEG (5Y)1.79
EPS Next 2Y13.25%
EPS Next 3Y12.07%
5. Dividend
5.1 Amount
- GS has a Yearly Dividend Yield of 1.87%.
- Compared to an average industry Dividend Yield of 6.10, GS has a dividend in line with its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.83, GS has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.87% |
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 their dividend for at least 10 years, which is a reliable track record.
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.
- The dividend of GS is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP31.36%
EPS Next 2Y13.25%
EPS Next 3Y12.07%
NYSE:GS (1/21/2026, 11:29:04 AM)
964.44
+21.07 (+2.23%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)01-19 2026-01-19/amc
Earnings (Next)04-13 2026-04-13/bmo
Inst Owners74.56%
Inst Owner Change0.23%
Ins Owners0.52%
Ins Owner Change-0.76%
Market Cap289.26B
Revenue(TTM)125.10B
Net Income(TTM)15.84B
Analysts73.13
Price Target903.79 (-6.29%)
Short Float %2.34%
Short Ratio3.25
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.87% |
Yearly Dividend14.19
Dividend Growth(5Y)19.24%
DP31.36%
Div Incr Years13
Div Non Decr Years14
Ex-Date03-02 2026-03-02 (4.5)
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)11.88%
PT rev (3m)20.75%
EPS NQ rev (1m)1.11%
EPS NQ rev (3m)3.84%
EPS NY rev (1m)3.27%
EPS NY rev (3m)8.86%
Revenue NQ rev (1m)-3.9%
Revenue NQ rev (3m)0.89%
Revenue NY rev (1m)0.64%
Revenue NY rev (3m)4.01%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.8 | ||
| Fwd PE | 16.42 | ||
| P/S | 2.27 | ||
| P/FCF | 18.34 | ||
| P/OCF | 16.17 | ||
| P/B | 2.33 | ||
| P/tB | 2.46 | ||
| EV/EBITDA | 20.72 |
EPS(TTM)51.29
EY5.32%
EPS(NY)58.73
Fwd EY6.09%
FCF(TTM)52.58
FCFY5.45%
OCF(TTM)59.64
OCFY6.18%
SpS424.14
BVpS414.77
TBVpS392.05
PEG (NY)1.3
PEG (5Y)1.79
Graham Number691.85
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | -0.19 |
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 Y14.5%
EPS Next 2Y13.25%
EPS Next 3Y12.07%
EPS Next 5Y9.65%
Revenue 1Y (TTM)-1.38%
Revenue growth 3Y22.11%
Revenue growth 5Y17.29%
Sales Q2Q%-2.99%
Revenue Next Year7%
Revenue Next 2Y5.81%
Revenue Next 3Y3.01%
Revenue Next 5Y2.56%
EBIT growth 1Y32.76%
EBIT growth 3Y17.45%
EBIT growth 5Y7%
EBIT Next Year-8.04%
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 / GS FAQ
Can you provide the ChartMill fundamental rating for GOLDMAN SACHS GROUP INC?
ChartMill assigns a fundamental rating of 3 / 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 18.8 and the Price/Book (PB) ratio is 2.33.
Is the dividend of GOLDMAN SACHS GROUP INC sustainable?
The dividend rating of GOLDMAN SACHS GROUP INC (GS) is 5 / 10 and the dividend payout ratio is 31.36%.