GOLDMAN SACHS GROUP INC (GS) Stock Fundamental Analysis
NYSE:GS • US38141G1040
929 USD
+7.62 (+0.83%)
At close: Feb 26, 2026
925 USD
-4 (-0.43%)
After Hours: 2/26/2026, 8:04:00 PM
Taking everything into account, GS scores 4 out of 10 in our fundamental rating. GS was compared to 238 industry peers in the Capital Markets industry. GS has a bad profitability rating. Also its financial health evaluation is rather negative. GS has a correct valuation and a medium 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
- With a Return On Assets value of 0.88%, GS is not doing good in the industry: 68.49% of the companies in the same industry are doing better.
- With a decent Return On Equity value of 12.73%, GS is doing good in the industry, outperforming 70.59% of the companies in the same industry.
- GS has a worse Return On Invested Capital (1.15%) than 65.13% 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 7.31%.
- 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
- 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 worse Operating Margin (16.70%) than 60.08% of its industry peers.
- GS's Operating Margin has declined in the last couple of years.
- GS's Gross Margin of 40.13% is in line compared 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
- GS has less shares outstanding than it did 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
- 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.
- GS has a Altman-Z score of -0.19. This is amonst the worse of the industry: GS underperforms 80.25% 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.
- Looking at the Debt to FCF ratio, with a value of 72.28, GS is in line with its industry, outperforming 50.84% of the companies in the same industry.
- GS has a Debt/Equity ratio of 8.47. This is a high value indicating a heavy dependency on external financing.
- GS has a Debt to Equity ratio of 8.47. This is amonst the worse of the industry: GS underperforms 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.
- With a Current ratio value of 0.31, GS is not doing good in the industry: 80.25% 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.
- With a Quick ratio value of 0.31, GS is not doing good in the industry: 80.25% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.31 | ||
| Quick Ratio | 0.31 |
3. Growth
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.
- The Earnings Per Share has been growing by 10.50% on average over the past years. This is quite good.
- The Revenue has decreased by -1.38% in the past year.
- 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
- GS is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.49% yearly.
- 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 Y17.02%
EPS Next 2Y14.21%
EPS Next 3Y12.38%
EPS Next 5Y10.49%
Revenue Next Year9.26%
Revenue Next 2Y6.97%
Revenue Next 3Y4.99%
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.
- 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
- With a Price/Earnings ratio of 18.11, GS is valued on the expensive side.
- Compared to the rest of the industry, the Price/Earnings ratio of GS is on the same level as its industry peers.
- Compared to an average S&P500 Price/Earnings ratio of 27.21, GS is valued a bit cheaper.
- GS is valuated correctly with a Price/Forward Earnings ratio of 15.48.
- GS's Price/Forward Earnings ratio is in line with the industry average.
- GS's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.13.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.11 | ||
| Fwd PE | 15.48 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of GS indicates a somewhat cheap valuation: GS is cheaper than 70.59% of the companies listed in the same industry.
- Based on the Price/Free Cash Flow ratio, GS is valued a bit cheaper than the industry average as 64.71% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.67 | ||
| EV/EBITDA | 20.44 |
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 12.38% in the coming years.
PEG (NY)1.06
PEG (5Y)1.72
EPS Next 2Y14.21%
EPS Next 3Y12.38%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 1.99%, GS has a reasonable but not impressive dividend return.
- GS's Dividend Yield is comparable with the industry average which is at 6.23.
- Compared to an average S&P500 Dividend Yield of 1.80, GS has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.99% |
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.
- The dividend of GS is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP31.36%
EPS Next 2Y14.21%
EPS Next 3Y12.38%
929
+7.62 (+0.83%)
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 Change1.6%
Ins Owners0.52%
Ins Owner Change-1.21%
Market Cap278.63B
Revenue(TTM)125.10B
Net Income(TTM)15.84B
Analysts72.5
Price Target967.89 (4.19%)
Short Float %2.04%
Short Ratio2.58
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.99% |
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)7.09%
PT rev (3m)19.95%
EPS NQ rev (1m)1.03%
EPS NQ rev (3m)0.78%
EPS NY rev (1m)2.2%
EPS NY rev (3m)5.55%
Revenue NQ rev (1m)-3.9%
Revenue NQ rev (3m)-3.83%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)2.98%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.11 | ||
| Fwd PE | 15.48 | ||
| P/S | 2.19 | ||
| P/FCF | 17.67 | ||
| P/OCF | 15.58 | ||
| P/B | 2.24 | ||
| P/tB | 2.37 | ||
| EV/EBITDA | 20.44 |
EPS(TTM)51.29
EY5.52%
EPS(NY)60.02
Fwd EY6.46%
FCF(TTM)52.58
FCFY5.66%
OCF(TTM)59.64
OCFY6.42%
SpS424.14
BVpS414.77
TBVpS392.05
PEG (NY)1.06
PEG (5Y)1.72
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 Y17.02%
EPS Next 2Y14.21%
EPS Next 3Y12.38%
EPS Next 5Y10.49%
Revenue 1Y (TTM)-1.38%
Revenue growth 3Y22.11%
Revenue growth 5Y17.29%
Sales Q2Q%-2.99%
Revenue Next Year9.26%
Revenue Next 2Y6.97%
Revenue Next 3Y4.99%
Revenue Next 5Y3.66%
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 18.11 and the Price/Book (PB) ratio is 2.24.
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%.