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Goldman Sachs Group Inc

Exchange: NYSESector: Financial ServicesIndustry: Capital Markets

Goldman Sachs is one of the leading investors in alternatives globally, with over $625 billion in assets and more than 30 years of experience. The business invests in the full spectrum of alternatives including private equity, growth equity, private credit, real estate, infrastructure, sustainability, and hedge funds. Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs. The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets. The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world's leading institutions, financial advisors and individuals. Goldman Sachs has approximately $3.6 trillion in assets under supervision globally as of December 31, 2025. Established in 1996, Private Credit at Goldman Sachs Alternatives is one of the world's largest private credit investors with over $180 billion in assets across direct lending, mezzanine debt, hybrid capital and asset-based lending strategies. The team's deep industry and product knowledge, extensive relationships and global footprint position the firm to deliver scaled outcomes with speed and certainty, supporting companies from the lower middle market to large cap in size. Follow us on LinkedIn. SOURCE Arevon

Did you know?

GS's revenue grew at a 8.1% CAGR over the last 6 years.

Current Price

$863.04

+0.33%

GoodMoat Value

$1732.75

100.8% undervalued
Profile
Valuation (TTM)
Market Cap$258.85B
P/E15.88
EV$1.01T
P/B2.07
Shares Out299.93M
P/Sales4.44
Revenue$58.28B
EV/EBITDA42.36

Goldman Sachs Group Inc (GS) Valuation

GoodMoat Analysis

Based on data as of March 26, 2026

The current price of $841.84 appears deeply undervalued compared to the GoodMoat Target of $1,732.75, implying a margin of safety of over 100%. However, this valuation assessment must be weighed against significant red flags, including a negative free cash flow yield and high leverage, which are critical for a financial firm.

Read full analysis
Based on the GoodMoat Target of $1,732.75, the current price of $841.84 suggests a margin of safety of approximately 106%. According to the framework's DCF bands, this falls into the 'Deeply Undervalued' category (>40%). The forward P/E of 15.5x is reasonable for a financial services firm and compares favorably to many growth stocks, though it must be evaluated in the context of the sector's typical metrics and the company's own growth and quality profile. The primary valuation signal is strongly positive. However, several key financial metrics conflict with the quality indicators in the framework. A free cash flow yield of -18.4% is a severe negative, and a Debt/Equity ratio of 7.4 is extremely high, failing the 'strong balance sheet' check. While the ROE of 13.7% is solid, it does not meet the framework's high-quality threshold of >15-20%. For a bank, the Price-to-Book (P/B) ratio is a more critical metric than P/E, but this data point is not provided. The valuation picture is therefore bifurcated: the price relative to the target is highly favourable, but the underlying financial health, as measured by cash flow and leverage, presents substantial risks that a value investor must scrutinize before the low price can be considered a true margin of safety. Analysis based on data as of 2024-05-15.

GS Fair Value Estimate

$1732.75100.8% undervalued

Blended fair value estimate based on DCF, Graham Number, and earnings-based models.

GS Valuation Metrics

FCF$-46.41B
FCF Growth Rate
EPS Growth (CAGR)
WACC10.00%

GS Valuation & Fair Value Analysis

Goldman Sachs Group Inc (GS) valuation analysis using multiple fair value methodologies. GoodMoat calculates a blended fair value target using discounted cash flow (DCF) analysis, the Graham Number, and earnings-based valuation models.

The GoodMoat Fair Value target for Goldman Sachs Group Inc is $1732.75. The current stock price is $863.04, suggesting the stock is 100.8% undervalued.

The price-to-earnings (P/E) ratio is 15.88. Price-to-book ratio is 2.07. Price-to-sales ratio is 4.44. Enterprise value to EBITDA is 42.36. PEG ratio is 0.91.

GoodMoat's valuation models include the Graham Number (based on EPS and book value), an earnings-based model (discounted future EPS), and a PEG-adjusted valuation. The three models are averaged to produce a blended fair value estimate. Use these tools alongside the DCF calculator and reverse DCF to form a comprehensive view of Goldman Sachs Group Inc's intrinsic value.