GOLDMAN SACHS GROUP INC (GS) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:GS • US38141G1040
946.33 USD
+10.92 (+1.17%)
At close: Feb 2, 2026
946.33 USD
0 (0%)
After Hours: 2/2/2026, 8:11:16 PM
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 has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
- In the past year GS was profitable.
- GS had a positive operating cash flow in the past year.
- GS had positive earnings in each of the past 5 years.
- The reported operating cash flow has been mixed in the past 5 years: GS reported negative operating cash flow in multiple years.
1.2 Ratios
- Looking at the Return On Assets, with a value of 0.88%, GS is doing worse than 69.75% of the companies in the same industry.
- Looking at the Return On Equity, with a value of 12.73%, GS is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
- GS has a worse Return On Invested Capital (1.15%) than 65.55% 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(1.15%), 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's Profit Margin of 12.45% is in line compared to the rest of the industry. GS outperforms 41.60% of its industry peers.
- GS's Profit Margin has declined in the last couple of years.
- The Operating Margin of GS (16.70%) is comparable to the rest of the industry.
- In the last couple of years the Operating Margin of GS has declined.
- GS has a Gross Margin of 40.13%. This is comparable to the rest of the industry: GS outperforms 42.02% of its industry peers.
- GS's Gross Margin has declined in the last couple of years.
| 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
- Compared to 1 year ago, GS has an improved debt to assets ratio.
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.
- GS has a worse Altman-Z score (-0.19) than 79.83% 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 (72.28) which is in line with its industry peers.
- GS 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 GS (8.47) is worse than 87.39% of its industry peers.
| 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 80.67% of its industry peers.
- GS has a Quick 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.
- GS's Quick ratio of 0.31 is on the low side compared to the rest of the industry. GS is outperformed by 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.
- 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
- 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
- The Price/Earnings ratio is 18.45, which indicates a rather expensive current valuation of GS.
- GS's Price/Earnings is on the same level as the industry average.
- GS is valuated rather cheaply when we compare the Price/Earnings ratio to 28.41, which is the current average of the S&P500 Index.
- With a Price/Forward Earnings ratio of 16.11, GS is valued correctly.
- GS's Price/Forward Earnings is on the same level as the industry average.
- GS is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 25.64, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.45 | ||
| Fwd PE | 16.11 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, GS is valued a bit cheaper than the industry average as 70.59% of the companies are valued more expensively.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of GS indicates a somewhat cheap valuation: GS is cheaper than 65.55% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18 | ||
| EV/EBITDA | 20.76 |
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)1.27
PEG (5Y)1.76
EPS Next 2Y13.25%
EPS Next 3Y12.07%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 1.91%, GS has a reasonable but not impressive dividend return.
- GS's Dividend Yield is comparable with the industry average which is at 6.02.
- 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 | 1.91% |
5.2 History
- The dividend of GS is nicely growing with an annual growth rate of 19.24%!
- 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
- 31.36% of the earnings are spent on dividend by GS. This is a low number and 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%
946.33
+10.92 (+1.17%)
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 Change-1.53%
Ins Owners0.52%
Ins Owner Change-1.13%
Market Cap283.83B
Revenue(TTM)125.10B
Net Income(TTM)15.84B
Analysts73.13
Price Target903.79 (-4.5%)
Short Float %2.34%
Short Ratio3.25
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.91% |
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)9.47%
PT rev (3m)20.75%
EPS NQ rev (1m)1.03%
EPS NQ rev (3m)0.56%
EPS NY rev (1m)3.27%
EPS NY rev (3m)3.29%
Revenue NQ rev (1m)-3.9%
Revenue NQ rev (3m)-3.69%
Revenue NY rev (1m)2.78%
Revenue NY rev (3m)3.1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.45 | ||
| Fwd PE | 16.11 | ||
| P/S | 2.23 | ||
| P/FCF | 18 | ||
| P/OCF | 15.87 | ||
| P/B | 2.28 | ||
| P/tB | 2.41 | ||
| EV/EBITDA | 20.76 |
EPS(TTM)51.29
EY5.42%
EPS(NY)58.73
Fwd EY6.21%
FCF(TTM)52.58
FCFY5.56%
OCF(TTM)59.64
OCFY6.3%
SpS424.14
BVpS414.77
TBVpS392.05
PEG (NY)1.27
PEG (5Y)1.76
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 Year9.28%
Revenue Next 2Y7.01%
Revenue Next 3Y4.97%
Revenue Next 5Y2.56%
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 / 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 18.45 and the Price/Book (PB) ratio is 2.28.
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%.