The Goldman Sachs Group, Inc. (GS) Stock Analysis — Fair Value, Risk & Moat Rating
NYQ · Financial Services · Capital Markets
Is The Goldman Sachs Group, Inc. a safe investment right now?
The Goldman Sachs Group, Inc. is in the Financial Services sector — Altman Z-Score does not apply to this type of company. Our fair value estimate is $934.19 (Fairly Valued).
Why the Altman Z-Score does not apply to The Goldman Sachs Group, Inc.
The Altman Z-Score is designed for manufacturing and non-financial companies. It uses ratios like Working Capital / Total Assets and Revenue / Total Assets that produce misleading results for Financial Services companies.
- Banks hold massive assets (loans) that inflate Total Assets, making WC/TA nearly zero — a false distress signal
- Utilities carry high regulated debt by design — the model misreads leverage as risk
- REITs use Funds From Operations (FFO), not Free Cash Flow — standard cash flow analysis doesn't apply
Altman Z-Score is designed for manufacturing companies and does not apply to banks, utilities, or REITs.
Note: A sector-specific financial health model for Financial Services companies is planned for a future update.
What is The Goldman Sachs Group, Inc. actually worth?
How we calculated this
| Input | Value | Source |
|---|---|---|
| Analyst Consensus Target | $934.19 | 21 Wall Street analysts |
| Analyst High / Low | $1,050.00 / $729.00 | Range of analyst price targets |
| Price / Book | 2.60x | Current market valuation vs book value |
| Return on Equity | 14.6% | Profitability relative to shareholder equity |
Source: Earnings data from SEC EDGAR filings. Market data via Yahoo Finance.
Why standard moat analysis does not apply to The Goldman Sachs Group, Inc.
Our standard moat model uses ROIC stability, gross margin trends, and switching costs — metrics designed for product and service companies. Financial Services companies compete on fundamentally different dimensions.
- Banks — moat comes from deposit cost advantage, net interest margin stability, and fee income diversification
- Utilities — moat is a regulatory monopoly with guaranteed rate of return on invested capital
- REITs — moat comes from property portfolio quality, location, tenant mix, and cap rate advantages
Standard moat analysis (ROIC/gross margin/switching costs) does not reliably apply to Financial Services companies. Banks compete on net interest margin, utilities on regulated returns, and REITs on occupancy and cap rates.
Note: A sector-specific competitive analysis for Financial Services companies is planned for a future update.
Is The Goldman Sachs Group, Inc.'s dividend safe?
Can The Goldman Sachs Group, Inc. afford its dividend?
Payout ratio is 28.3%. FCF covers the dividend 1.3x. 28 consecutive years of payments.
The Goldman Sachs Group, Inc.'s key financial metrics
| Metric | Latest | 1Y Ago | 3Y Ago | Trend |
|---|---|---|---|---|
| Revenue | $58.3B | $53.5B | $47.4B | Rising |
| Net Income | $17.2B | $14.3B | $11.3B | Rising |
| Free Cash Flow | −$47.2B | −$15.3B | $5.0B | Declining |
Recent events that affect our GS analysis
GS earnings report scheduled
Upcoming report. Consensus EPS estimate: $13.75. Revenue estimate: $15.77B. Our current Fair Value: $934.19 — a significant beat or miss could shift this estimate.
GS analyst consensus: 31% bullish (8 of 26 analysts)
1 Strong Buy, 7 Buy, 16 Hold, 1 Sell, 1 Strong Sell. Consensus target: $934.19 (0.1% downside). Compare with our independent Fair Value: $934.19.
GS filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
GS beat EPS estimates by 7.1%
Reported EPS: $17.55 vs estimate $16.39. Earnings strength supports our Fair Value of $934.19 (0.1% below current price).
GS filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
GS filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
GS filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
GS paid $4.5000/share dividend
Dividend Safety Grade: A. Payout ratio: 28.3%.
GS filed annual report (10-K)
Annual filing with full-year financials. Our Altman Z-Score, Moat, and Fair Value models are derived from this data. View on SEC EDGAR →
GS filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
GS filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
GS filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
GS filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
GS beat EPS estimates by 20.2%
Reported EPS: $14.01 vs estimate $11.65. Earnings strength supports our Fair Value of $934.19 (0.1% below current price).
GS filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
GS filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
GS paid $4.0000/share dividend
Dividend Safety Grade: A. Payout ratio: 28.3%.
GS filed quarterly report (10-Q)
Quarterly update with interim financials. May signal changes to earnings trajectory and balance sheet health. View on SEC EDGAR →
GS filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
GS beat EPS estimates by 10.5%
Reported EPS: $12.25 vs estimate $11.09. Earnings strength supports our Fair Value of $934.19 (0.1% below current price).
GS filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
GS paid $4.0000/share dividend
Dividend Safety Grade: A. Payout ratio: 28.3%.
GS filed quarterly report (10-Q)
Quarterly update with interim financials. May signal changes to earnings trajectory and balance sheet health. View on SEC EDGAR →
GS beat EPS estimates by 13.4%
Reported EPS: $10.91 vs estimate $9.62. Earnings strength supports our Fair Value of $934.19 (0.1% below current price).
GS filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
GS filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
GS paid $3.0000/share dividend
Dividend Safety Grade: A. Payout ratio: 28.3%.
GS filed quarterly report (10-Q)
Quarterly update with interim financials. May signal changes to earnings trajectory and balance sheet health. View on SEC EDGAR →
GS filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
GS filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
GS beat EPS estimates by 14.9%
Reported EPS: $14.12 vs estimate $12.29. Earnings strength supports our Fair Value of $934.19 (0.1% below current price).
GS paid $3.0000/share dividend
Dividend Safety Grade: A. Payout ratio: 28.3%.
GS beat EPS estimates by 43.1%
Reported EPS: $11.95 vs estimate $8.35. Earnings strength supports our Fair Value of $934.19 (0.1% below current price).
Common questions about The Goldman Sachs Group, Inc.
What is The Goldman Sachs Group, Inc. stock price today?
The Goldman Sachs Group, Inc. (GS) stock price is $934.84 as of the latest market close, traded on the NYSE exchange.
What does The Goldman Sachs Group, Inc. do?
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.
What is The Goldman Sachs Group, Inc. market cap?
The Goldman Sachs Group, Inc. has a market capitalization of $277.42B, classifying it as a mega-cap stock in the Financial Services sector.
What sector and industry is GS in?
The Goldman Sachs Group, Inc. operates in the Financial Services sector, specifically within the Capital Markets industry. It trades on the NYSE under the ticker symbol GS.
Is GS stock overvalued or undervalued?
Based on our valuation model, The Goldman Sachs Group, Inc. trades 0.1% above our fair value estimate — potentially overvalued.
- FairValueLabs Fair Value: $934.19
- Current Price: $934.84
- Valuation Zone: Fairly Valued
What is GS stock forecast and analyst target price?
Based on 21 Wall Street analysts, the consensus price target for The Goldman Sachs Group, Inc. is $934.19, implying downside of 0.1% from the current price.
- Analyst High Target: $1050.00
- Analyst Low Target: $729.00
Note: Analyst targets are shown for reference and are not used in our valuation model.
Is The Goldman Sachs Group, Inc. revenue and earnings growing?
Here are the analyst consensus growth estimates for The Goldman Sachs Group, Inc.:
- Revenue growth (current year est.): 9.5%
- EPS growth (current year est.): 15.4%
- Revenue growth (next year est.): 4.7%
- EPS growth (next year est.): 10.3%
What are The Goldman Sachs Group, Inc.'s key financial metrics?
| Metric | Latest | Trend |
|---|---|---|
| Revenue | $58.3B | Rising |
| Net Income | $17.2B | Rising |
| Free Cash Flow | −$47.2B | Declining |
What is GS's P/E ratio?
The price-to-earnings ratio measures how much investors pay per dollar of earnings:
- Trailing P/E (last 12 months): 17.1x
- Forward P/E (next 12 months est.): 14.3x
How volatile is GS stock?
The Goldman Sachs Group, Inc. has a beta of 1.31, meaning it is somewhat more volatile than the broader market. A beta above 1.0 indicates higher price swings relative to the S&P 500, while below 1.0 suggests more stability.
How much cash and debt does The Goldman Sachs Group, Inc. have?
The Goldman Sachs Group, Inc.'s balance sheet shows:
- Total Cash: $939.00B
- Total Debt: $749.00B
- Net Cash Position: $190.00B
A positive net cash position means the company holds more cash than debt, reducing financial risk.
Does The Goldman Sachs Group, Inc. pay a dividend, and is it safe?
Yes, The Goldman Sachs Group, Inc. pays a regular dividend. Here are the key metrics:
- Dividend Yield: 1.7%
- Payout Ratio: 28.3%
- Consecutive Years Paid: 28
- 5-Year Dividend Growth: -7.1%
- FairValueLabs Safety Grade: A
Is The Goldman Sachs Group, Inc. financially healthy?
The Altman Z-Score — the standard bankruptcy prediction model — is not applicable to Financial Services companies like The Goldman Sachs Group, Inc.. The formula uses ratios designed for manufacturing firms that produce misleading results for banks, utilities, and REITs.
Does The Goldman Sachs Group, Inc. have a competitive moat?
Our standard moat model (based on ROIC, gross margins, and switching costs) does not apply to Financial Services companies. These firms compete on fundamentally different dimensions such as regulatory advantages, deposit cost structures, or property portfolios.
What is GS's return on equity (ROE)?
The Goldman Sachs Group, Inc.'s return on equity is 14.6%. ROE measures how efficiently a company generates profits from shareholder equity. An ROE above 15% is generally considered strong, while below 10% may signal inefficiency.
How do I buy GS stock?
GS shares can be purchased through any brokerage account that provides access to the NYSE. Common steps:
- Open an account with a broker (e.g., Fidelity, Schwab, Interactive Brokers)
- Search for ticker symbol GS
- Place a market or limit order for your desired number of shares
This is not investment advice. Always do your own research before buying any stock.
Is GS a value stock or speculative?
FairValueLabs classifies The Goldman Sachs Group, Inc. as Value Investment. It exhibits consistent profitability, reasonable valuation, and financial stability — characteristics of a traditional value investment.
Who is the CEO of The Goldman Sachs Group, Inc.?
The current CEO of The Goldman Sachs Group, Inc. is Mr. David M. Solomon.
What is GS's earnings per share (EPS)?
Earnings per share measures the company's profit allocated to each outstanding share:
- Trailing EPS (last 12 months): $54.78
- Forward EPS (next 12 months est.): $65.34
- Analyst consensus EPS (this year): $59.23
- Analyst consensus EPS (next year): $65.36
Other Financial Services companies analyzed by FairValueLabs
FairValueLabs Disclaimer
All valuations, scores, ratings, and classifications on this page are produced by the FairValueLabs internal valuation system. They do not represent actual market value, guaranteed outcomes, or professional investment advice. These are analytical estimates for educational and research purposes only.
This is not financial advice. All data is sourced from SEC EDGAR public filings. Always consult a qualified financial advisor before making investment decisions.
Last updated: Apr 22, 2026. Data sources: SEC EDGAR (financial statements), Yahoo Finance (market data, analyst consensus). Data may not reflect the most recent quarter.
GS analysis methodology: How we calculate fair value, Z-Scores, and moat ratings