GOLDMAN SACHS GROUP INC (GS) Fundamental Analysis & Valuation

NYSE:GS • US38141G1040

Current stock price

803.94 USD
-18.7 (-2.27%)
Last:

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

3

1. GS Profitability Analysis

1.1 Basic Checks

  • GS had positive earnings in the past year.
  • GS had a negative operating cash flow in the past year.
  • 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.
GS Yearly Net Income VS EBIT VS OCF VS FCFGS 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 20B -20B -40B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 0.90%, GS is doing worse than 64.02% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 13.04%, GS is in the better half of the industry, outperforming 69.87% of the companies in the same industry.
  • GS has a Return On Invested Capital of 1.13%. This is in the lower half of the industry: GS underperforms 66.11% of its industry peers.
  • GS had an Average Return On Invested Capital over the past 3 years of 0.96%. This is significantly below the industry average of 7.28%.
  • The 3 year average ROIC (0.96%) for GS is below the current ROIC(1.13%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 0.9%
ROE 13.04%
ROIC 1.13%
ROA(3y)0.73%
ROA(5y)0.88%
ROE(3y)10.3%
ROE(5y)11.86%
ROIC(3y)0.96%
ROIC(5y)1.13%
GS Yearly ROA, ROE, ROICGS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • With a Profit Margin value of 13.03%, GS perfoms like the industry average, outperforming 46.86% of the companies in the same industry.
  • In the last couple of years the Profit Margin of GS has declined.
  • With a Operating Margin value of 17.47%, GS is not doing good in the industry: 60.25% of the companies in the same industry are doing better.
  • In the last couple of years the Operating Margin of GS has declined.
  • The Gross Margin of GS (40.20%) is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of GS has declined.
Industry RankSector Rank
OM 17.47%
PM (TTM) 13.03%
GM 40.2%
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%
GS Yearly Profit, Operating, Gross MarginsGS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. GS Health Analysis

2.1 Basic Checks

  • Compared to 1 year ago, GS has less shares outstanding
  • The number of shares outstanding for GS has been reduced compared to 5 years ago.
  • GS has a better debt/assets ratio than last year.
GS Yearly Shares OutstandingGS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
GS Yearly Total Debt VS Total AssetsGS 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

  • GS has a Debt/Equity ratio of 8.74. This is a high value indicating a heavy dependency on external financing.
  • GS has a worse Debt to Equity ratio (8.74) than 88.28% of its industry peers.
Industry RankSector Rank
Debt/Equity 8.74
Debt/FCF N/A
Altman-Z N/A
ROIC/WACCN/A
WACCN/A
GS Yearly LT Debt VS Equity VS FCFGS 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

  • A Current Ratio of 0.32 indicates that GS may have some problems paying its short term obligations.
  • GS has a Current ratio of 0.32. This is amonst the worse of the industry: GS underperforms 82.01% of its industry peers.
  • GS has a Quick Ratio of 0.32. This is a bad value and indicates that GS is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 0.32, GS is doing worse than 81.59% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.32
Quick Ratio 0.32
GS Yearly Current Assets VS Current LiabilitesGS 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

More info and screens

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

5

3. GS Growth Analysis

3.1 Past

  • GS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 26.49%, which is quite impressive.
  • 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

  • The Earnings Per Share is expected to grow by 10.49% on average over the next years. This is quite good.
  • Based on estimates for the next years, GS will show a small growth in Revenue. The Revenue will grow by 3.66% on average per year.
EPS Next Y16.82%
EPS Next 2Y14.13%
EPS Next 3Y12.43%
EPS Next 5Y10.49%
Revenue Next Year9.33%
Revenue Next 2Y7.01%
Revenue Next 3Y5.14%
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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
GS Yearly Revenue VS EstimatesGS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 20B 40B 60B 80B 100B
GS Yearly EPS VS EstimatesGS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 20 40 60 80 100

More info and screens

Find the best growth stocksShow best growing peers

4

4. GS Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 15.67 indicates a correct valuation of GS.
  • The rest of the industry has a similar Price/Earnings ratio as GS.
  • The average S&P500 Price/Earnings ratio is at 25.23. GS is valued slightly cheaper when compared to this.
  • The Price/Forward Earnings ratio is 13.42, which indicates a correct valuation of GS.
  • GS's Price/Forward Earnings is on the same level as the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 22.51. GS is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 15.67
Fwd PE 13.42
GS Price Earnings VS Forward Price EarningsGS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, GS is valued a bit cheaper than the industry average as 72.80% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 18.15
GS Per share dataGS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 100 -100 200 300 400

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 GS's earnings are expected to grow with 12.43% in the coming years.
PEG (NY)0.93
PEG (5Y)1.49
EPS Next 2Y14.13%
EPS Next 3Y12.43%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. GS Dividend Analysis

5.1 Amount

  • GS has a Yearly Dividend Yield of 2.22%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 6.72, GS has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.90, GS has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.22%

5.2 History

  • On average, the dividend of GS grows each year by 20.67%, 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)20.67%
Div Incr Years13
Div Non Decr Years14
GS Yearly Dividends per shareGS Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2 4 6 8 10

5.3 Sustainability

  • GS pays out 32.37% 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.
DP32.37%
EPS Next 2Y14.13%
EPS Next 3Y12.43%
GS Yearly Income VS Free CF VS DividendGS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20B -20B -40B
GS Dividend Payout.GS Dividend Payout, showing the Payout Ratio.GS Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

GS Fundamentals: All Metrics, Ratios and Statistics

GOLDMAN SACHS GROUP INC

NYSE:GS (3/27/2026, 1:43:07 PM)

803.94

-18.7 (-2.27%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)01-19
Earnings (Next)04-13
Inst Owners75.45%
Inst Owner Change1.7%
Ins Owners0.5%
Ins Owner Change-0.96%
Market Cap238.57B
Revenue(TTM)125.10B
Net Income(TTM)16.30B
Analysts72.5
Price Target981.52 (22.09%)
Short Float %2.08%
Short Ratio2.39
Dividend
Industry RankSector Rank
Dividend Yield 2.22%
Yearly Dividend17.29
Dividend Growth(5Y)20.67%
DP32.37%
Div Incr Years13
Div Non Decr Years14
Ex-Date03-02
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)12.34%
Min EPS beat(2)8.14%
Max EPS beat(2)16.53%
EPS beat(4)4
Avg EPS beat(4)11.71%
Min EPS beat(4)8.14%
Max EPS beat(4)16.53%
EPS beat(8)8
Avg EPS beat(8)17.25%
EPS beat(12)10
Avg EPS beat(12)16.82%
EPS beat(16)13
Avg EPS beat(16)12.28%
Revenue beat(2)1
Avg Revenue beat(2)-0.35%
Min Revenue beat(2)-5.29%
Max Revenue beat(2)4.58%
Revenue beat(4)2
Avg Revenue beat(4)0.8%
Min Revenue beat(4)-5.29%
Max Revenue beat(4)5.15%
Revenue beat(8)5
Avg Revenue beat(8)2.8%
Revenue beat(12)8
Avg Revenue beat(12)9.75%
Revenue beat(16)12
Avg Revenue beat(16)19.58%
PT rev (1m)1.41%
PT rev (3m)18.89%
EPS NQ rev (1m)-0.08%
EPS NQ rev (3m)6.26%
EPS NY rev (1m)-0.16%
EPS NY rev (3m)5.36%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.86%
Revenue NY rev (1m)0.06%
Revenue NY rev (3m)2.83%
Valuation
Industry RankSector Rank
PE 15.67
Fwd PE 13.42
P/S 1.91
P/FCF N/A
P/OCF N/A
P/B 1.91
P/tB 1.91
EV/EBITDA 18.15
EPS(TTM)51.29
EY6.38%
EPS(NY)59.92
Fwd EY7.45%
FCF(TTM)-159.12
FCFYN/A
OCF(TTM)-152.16
OCFYN/A
SpS421.56
BVpS421.23
TBVpS421.23
PEG (NY)0.93
PEG (5Y)1.49
Graham Number697.22
Profitability
Industry RankSector Rank
ROA 0.9%
ROE 13.04%
ROCE 3.11%
ROIC 1.13%
ROICexc 1.27%
ROICexgc 1.3%
OM 17.47%
PM (TTM) 13.03%
GM 40.2%
FCFM N/A
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-Score5
Asset Turnover0.07
Health
Industry RankSector Rank
Debt/Equity 8.74
Debt/FCF N/A
Debt/EBITDA 45.44
Cap/Depr 94.59%
Cap/Sales 1.65%
Interest Coverage 0.33
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.32
Quick Ratio 0.32
Altman-Z N/A
F-Score5
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)76.57%
Cap/Depr(5y)122.8%
Cap/Sales(3y)1.81%
Cap/Sales(5y)3.61%
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 Y16.82%
EPS Next 2Y14.13%
EPS Next 3Y12.43%
EPS Next 5Y10.49%
Revenue 1Y (TTM)-1.38%
Revenue growth 3Y22.11%
Revenue growth 5Y17.29%
Sales Q2Q%-2.99%
Revenue Next Year9.33%
Revenue Next 2Y7.01%
Revenue Next 3Y5.14%
Revenue Next 5Y3.66%
EBIT growth 1Y18.32%
EBIT growth 3Y17.45%
EBIT growth 5Y7%
EBIT Next Year-8.23%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-208.55%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-241.76%
OCF growth 3YN/A
OCF growth 5YN/A

GOLDMAN SACHS GROUP INC / GS Fundamental Analysis 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 15.67 and the Price/Book (PB) ratio is 1.91.


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 32.37%.