The Goldman Sachs Group, Inc.

NYSE:GS Stock Report

Market Cap: US$294.9b

Goldman Sachs Group Valuation

Is GS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of GS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: GS ($935.41) is trading above our estimate of future cash flow value ($583.6)

Significantly Below Future Cash Flow Value: GS is trading above our estimate of future cash flow value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GS?

Key metric: As GS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for GS. This is calculated by dividing GS's market cap by their current earnings.
What is GS's PE Ratio?
PE Ratio18x
EarningsUS$16.30b
Market CapUS$294.93b

Price to Earnings Ratio vs Peers

How does GS's PE Ratio compare to its peers?

The above table shows the PE ratio for GS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average28.6x
MS Morgan Stanley
17.8x5.41%US$288.7b
SCHW Charles Schwab
21.9x11.11%US$183.9b
IBKR Interactive Brokers Group
33.9x11.69%US$128.3b
HOOD Robinhood Markets
40.8x11.71%US$91.0b
GS Goldman Sachs Group
18x6.23%US$294.9b

Price-To-Earnings vs Peers: GS is good value based on its Price-To-Earnings Ratio (18x) compared to the peer average (28.6x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does GS's PE Ratio compare vs other companies in the US Capital Markets Industry?

20 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ASA ASA Gold and Precious Metals
3.2xn/aUS$1.36b
MUDS Mudrick Capital Acquisition Corporation II
3.4xn/aUS$401.64m
CRRC.F Cohn Robbins Holdings
4.3xn/aUS$283.01m
SSSS SuRo Capital
3.4x-116.79%US$240.89m
GS 18.0xIndustry Avg. 23.6xNo. of Companies66PE020406080100+
20 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: GS is good value based on its Price-To-Earnings Ratio (18x) compared to the US Capital Markets industry average (23.6x).

Price to Earnings Ratio vs Fair Ratio

What is GS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18x
Fair PE Ratio19.8x

Price-To-Earnings vs Fair Ratio: GS is good value based on its Price-To-Earnings Ratio (18x) compared to the estimated Fair Price-To-Earnings Ratio (19.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst GS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$935.41
US$946.50
+1.19%
12.31%US$1,125.00US$700.00n/a20
Jan ’27US$879.00
US$813.47
-7.45%
9.46%US$971.00US$630.00n/a19
Dec ’26US$810.86
US$802.53
-1.03%
7.88%US$898.00US$630.00n/a19
Nov ’26US$789.37
US$801.84
+1.58%
7.86%US$898.00US$630.00n/a19
Oct ’26US$785.51
US$735.79
-6.33%
12.52%US$855.00US$538.00n/a19
Sep ’26US$745.25
US$710.58
-4.65%
10.47%US$815.00US$538.00n/a19
Aug ’26US$709.57
US$704.53
-0.71%
10.27%US$815.00US$538.00n/a19
Jul ’26US$706.46
US$600.55
-14.99%
9.06%US$720.00US$500.00n/a20
Jun ’26US$600.45
US$586.15
-2.38%
9.24%US$720.00US$490.00n/a20
May ’26US$553.83
US$586.15
+5.84%
9.24%US$720.00US$490.00n/a20
Apr ’26US$548.45
US$633.60
+15.53%
9.49%US$760.00US$490.00n/a20
Mar ’26US$622.29
US$650.62
+4.55%
10.60%US$782.00US$504.00n/a21
Feb ’26US$640.40
US$643.38
+0.47%
10.06%US$782.00US$496.00n/a21
Jan ’26US$572.62
US$605.50
+5.74%
11.19%US$736.00US$450.00US$879.0020
Dec ’25US$608.57
US$582.68
-4.25%
9.85%US$680.00US$450.00US$810.8619
Nov ’25US$519.35
US$546.60
+5.25%
8.40%US$614.00US$450.00US$789.3720
Oct ’25US$490.17
US$519.70
+6.02%
7.09%US$571.00US$450.00US$785.5120
Sep ’25US$510.25
US$514.86
+0.90%
8.13%US$571.00US$423.98US$745.2521
Aug ’25US$500.12
US$514.95
+2.97%
8.16%US$571.00US$423.98US$709.5720
Jul ’25US$463.66
US$454.68
-1.94%
9.15%US$525.00US$360.00US$706.4622
Jun ’25US$456.52
US$452.82
-0.81%
9.27%US$525.00US$360.00US$600.4522
May ’25US$426.95
US$443.91
+3.97%
9.45%US$517.00US$355.00US$553.8322
Apr ’25US$413.51
US$419.41
+1.43%
8.29%US$493.00US$355.00US$548.4522
Mar ’25US$388.10
US$414.26
+6.74%
9.37%US$506.00US$355.00US$622.2923
Feb ’25US$383.85
US$414.18
+7.90%
10.13%US$506.00US$325.00US$640.4022
Jan ’25US$385.77
US$383.10
-0.69%
11.19%US$481.00US$305.00US$572.6224
US$946.5
Fair Value
1.2% undervalued intrinsic discount
20
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/30 23:06
End of Day Share Price 2026/01/30 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

The Goldman Sachs Group, Inc. is covered by 41 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Stephen BiggarArgus Research Company
Jason GoldbergBarclays
Jason GoldbergBarclays