Goldman Sachs Group Inc (GS) fair value: what the stock is really worth
As of Oct 14, 2026: fair value of Goldman Sachs Group Inc $767, price $879, upside -12.7%, quality 53 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 7, 2026.
How to read this chart
60‑month range $252.17 – $1,146 · fair‑value band $575.15 – $958.58 · the $878.72 price screens above the $766.86 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 7, 2026.
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The Goldman Sachs Group, Inc., a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. It operates through three segments: Global Banking & Markets, Asset & Wealth Management, and Platform Solutions.
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The Goldman Sachs Group, Inc., a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. It operates through three segments: Global Banking & Markets, Asset & Wealth Management, and Platform Solutions. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; equity and debt underwriting of public offerings and private placements; relationship lending and acquisition financing; secured lending through structured credit and asset-backed lending, such as warehouse, residential and commercial mortgage, corporate, consumer, auto, and student loans; financing through securities purchased under agreements to resell; and commodity financing through structured transactions. This segment also offers client execution activities for cash and derivative instruments; credit and interest rate products; and provision of mortgages, currencies, commodities, and equities related products. Its Asset & Wealth Management segment manages assets across various classes, including equity, fixed income, hedge funds, credit funds, private equity, real estate, currencies, commodities, and asset allocation strategies; and provides customized investment advisory solutions, wealth advisory services, personalized financial planning, and private banking services, as well as invests in corporate equity, credit, real estate, and infrastructure assets. The Platform Solutions segment offers credit cards; and transaction banking and other services, such as deposit-taking, payment solutions, and other cash management services for corporate and institutional clients. The Goldman Sachs Group, Inc. was founded in 1869 and is headquartered in New York, New York.
Stock analysis
Goldman Sachs Group Inc (GS) currently trades at $878.72, while our model-based Fair Value estimate is $766.86, 12.7% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $3,937 per share, and 2 of the 9 models we run sit above the $878.72 price.
Bear case: the Asset-Based group reads lowest at $287.57, and 7 of the 9 models stay below the price. Data coverage for this calculation is high.
Scenario range: $575.15 (bear) to $958.58 (bull), the price of $878.72 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 53/100 (solid quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Goldman Sachs Group Inc reported revenue of $125B in FY2025 versus $65.0B in FY2021, a compound +17.8%/yr. Reported net income was $17.2B in FY2025, compounding −5.6%/yr from FY2021.
Key figures
Market cap $268B · P/E ratio 13.6 · P/S ratio 1.86 · EPS (TTM) $64.80 · Dividend yield 1.9% · Net margin 13.7% · Return on equity 16.9% · Return on assets (EBIT) 1.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 62 out of 100 (medium confidence).
What moves the price
The share trades about 23% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −30% fair-value upside, at −13%, GS screens cheaper than that median.
Fair Value models
Bear$575.15Fair Value $766.86Bull$958.58
Price $878.72 · Upside -12.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($37.59 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−1.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+22.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+18.5%
Start year 2020 (pandemic). Over 10 years: +12.3% a year
Revenue growth 26 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.3%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+14.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.0%
Dividend (yield on the price)1.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.15.6% vs 12.3%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.23% → 18%
2025 sits 72% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
News mood ⓘNews mood, the average tone of recent news (95 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Negative
Recent news coverage is more negative than average.
AI conclusion: Scale and brand support a moderate moat in capital markets while negative cash flows and regulation limit durability of the advantage.
Main risk: Leadership succession risks introducing execution issues that impair established relationships in trading and advisory work.
Goldman Sachs earns much of its revenue from trading and advisory work in capital markets. The board has discussed a plan for the current chief executive to step down in favor of the chief operating officer possibly as soon as 2027 or 2028, with the outgoing leader staying on as executive chairman. Our models see the stock as overvalued. Will the coming leadership change keep the firm’s edge in deal flow and markets or create new execution risks?
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Capital Markets · 461 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score53 · Above median
Fair Value upside−14.0% · Below median
Profitability
Return on equity (12 months)16.9% · Top 25%
Return on assets1.0% · Below median
Net margin (12 months)31.0% · Above median
Operating margin (12 months)42.2% · Above median
Growth and dividend
Revenue growth42.5% · Above median
Dividend yield (12 months)1.9% · Below median
Balance sheet
Debt / equity2.37× · Highest 25%
Valuation Multiplesvs Capital Markets median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Goldman Sachs Group Inc Fair Value". https://www.fairvalue-calculator.com/stock/GS
Frequently asked questions
Is Goldman Sachs Group Inc (GS) overvalued or undervalued?
As of Oct 7, 2026, our model estimates a fair value of $766.86 versus a price of $878.72, about −13% upside (overvalued).
What is the fair value of GS?
Our model-based fair value for Goldman Sachs Group Inc is $766.86 (as of Oct 7, 2026), built from audited fundamentals. The current price: $878.72.
What is the quality score of GS?
Goldman Sachs Group Inc has a Quality Score of 53/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Goldman Sachs Group Inc (GS)?
Our model-based price target is the fair value of $766.86 (as of Oct 7, 2026) from 9 valuation models. Cautious scenario $575.15, optimistic scenario $958.58. It is a calculation from audited fundamentals, not an analyst target.
What is the Goldman Sachs Group Inc stock forecast for 2026?
Our models put fair value at $766.86, about −13% upside versus a price of $878.72 (overvalued). Cautious scenario $575.15, optimistic scenario $958.58. The calculation is refreshed regularly with new filings.
What is the revenue of Goldman Sachs Group Inc (GS)?
Goldman Sachs Group Inc reported trailing-twelve-month revenue of about $67.6B (latest available figure, as of Oct 7, 2026).
Does Goldman Sachs Group Inc pay a dividend?
Goldman Sachs Group Inc currently shows a dividend yield of about 1.93% relative to its recent price (as of Oct 7, 2026).
What is the intrinsic value of Goldman Sachs Group Inc (GS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Goldman Sachs Group Inc it is $766.86 per share (as of Oct 7, 2026), against a price of $878.72. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Goldman Sachs Group Inc stock overvalued or undervalued in 2026?
As of Oct 7, 2026, GS trades above its calculated fair value: price $878.72, fair value $766.86, a gap of about −13% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of GS?
No. The price is what the market pays today ($878.72); the fair value is what the company's own numbers justify ($766.86). For Goldman Sachs Group Inc the two are $111.86 per share apart. That gap is exactly why we show both numbers side by side.
How much is Goldman Sachs Group Inc worth?
The market values Goldman Sachs Group Inc at about $268B (market capitalisation, as of Oct 7, 2026). Per share that is $878.72; our models calculate a fair value of $766.86 per share.
What do the bullish and bearish scenarios say about GS?
Our models span a range for Goldman Sachs Group Inc: cautious scenario $575.15, base $766.86, optimistic $958.58 per share (as of Oct 7, 2026, price $878.72). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GS?
Goldman Sachs Group Inc trades at a price-to-earnings ratio of 13.6 (as of Oct 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $766.86 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, 4 of the years ex one-offs: 12.2. Other multiples: PEG 1.2, P/B 2.2, P/S 4.0, EV/EBITDA 16.8.
What is the PEG ratio of GS?
The PEG ratio of Goldman Sachs Group Inc is 1.17 (P/E divided by earnings growth, as of Oct 7, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Goldman Sachs Group Inc (GS)?
Balance-sheet figures for Goldman Sachs Group Inc (as of Oct 7, 2026): return on equity 16.9%, debt of 2.37 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is GS from its 52-week high?
Goldman Sachs Group Inc trades at $878.72, about 23% below its 52-week high of $1,146 and 20% above the low of $730.24 (as of Oct 14, 2026). Distance from the high says nothing about value: that is what the fair value of $766.86 is for.
Which stocks are comparable to Goldman Sachs Group Inc?
From the same area (Financial Services) we also value Morgan Stanley, a financial holding company,, The Charles Schwab Corporation, Interactive Brokers Group, Robinhood Markets, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Goldman Sachs Group Inc stock attractive at the current price?
The data as of Oct 7, 2026: price $878.72, calculated fair value $766.86 (−13%), Quality Score 53/100, from 9 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of GS calculated?
We run Goldman Sachs Group Inc through 9 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $766.86, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.7 % above its aggregate fair value. Goldman Sachs Group Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Goldman Sachs Group Inc (GS)?
The closing price on Oct 14, 2026 was $878.72. Our model-based fair value is $766.86, about −13% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Goldman Sachs Group Inc right now?
Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Goldman Sachs Group Inc (GS) come from?
Earnings per share at Goldman Sachs Group Inc grew +10.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +17.3 %, EBIT margin −6.9 %, tax rate +1.3 %, residual (interest, one-offs) +0.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Goldman Sachs Group Inc
How large is the market capitalisation of Goldman Sachs Group Inc (GS)?
The market capitalisation of Goldman Sachs Group Inc is $268B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Goldman Sachs Group Inc (GS)?
The price-to-sales ratio of Goldman Sachs Group Inc is 1.86 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Goldman Sachs Group Inc (GS)?
Earnings per share at Goldman Sachs Group Inc are $64.80 (price ÷ EPS = P/E 13.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Goldman Sachs Group Inc (GS)?
The dividend yield of Goldman Sachs Group Inc is 1.9% (payout 26.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Goldman Sachs Group Inc (GS)?
The net margin of Goldman Sachs Group Inc is 13.7% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Goldman Sachs Group Inc (GS)?
The return on equity (ROE) of Goldman Sachs Group Inc is 16.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Goldman Sachs Group Inc (GS)?
On an EBIT basis the return on assets of Goldman Sachs Group Inc is 1.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Goldman Sachs Group Inc (GS)?
The operating margin of Goldman Sachs Group Inc is 42.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Goldman Sachs Group Inc (GS)?
Revenue at Goldman Sachs Group Inc is growing +42.5% versus a year earlier (3y avg +22.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Goldman Sachs Group Inc (GS)?
Earnings per share at Goldman Sachs Group Inc are growing +92.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Goldman Sachs Group Inc (GS) generate?
The free cash flow of Goldman Sachs Group Inc is −$47.2B (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Goldman Sachs Group Inc (GS) carry?
The net debt of Goldman Sachs Group Inc is $445B (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Oct 7, 2026