(GS) Goldman Sachs - Ratings and Ratios
Banking, Wealth, Cards, Lending, Trading
GS EPS (Earnings per Share)
GS Revenue
Description: GS Goldman Sachs September 24, 2025
Goldman Sachs (NYSE:GS) is a diversified financial services firm operating globally across four major regions (Americas, Europe, Middle East & Africa, and Asia) through three business lines: Global Banking & Markets (GBM), Asset & Wealth Management (AWM), and Platform Solutions (PS).
GBM delivers advisory work (M&A, divestitures, restructurings, spin-offs) and underwriting services for equity and debt, plus a broad suite of financing products-including structured credit, asset-backed loans, and commodity-linked transactions. It also executes cash, derivatives, and fixed-income trades for institutional clients.
AWM manages a multi-asset portfolio that spans equities, fixed income, hedge funds, private equity, real-estate, and infrastructure, while offering bespoke wealth advisory, financial-planning, and private-banking services to high-net-worth individuals and institutions.
PS provides consumer-facing credit-card products and a range of transaction-banking services such as deposits, payments, and cash-management solutions for corporate and institutional customers.
Key quantitative highlights (FY 2023): net revenue of $59 billion, operating margin of 23 %, and a return on equity (ROE) of 12 %. The firm’s net interest income benefited from a higher-for-longer rate environment, while its M&A advisory pipeline remains sensitive to corporate capital-allocation cycles and global GDP growth trends.
Sector drivers that materially affect Goldman’s outlook include (1) the trajectory of U.S. and global interest rates, which influence both net interest income and the valuation of fixed-income underwriting; (2) the volume of cross-border M&A, which has rebounded to ~ $1.2 trillion in 2023, supporting advisory fees; and (3) regulatory capital requirements that shape the firm’s leverage capacity in its structured-credit and lending businesses.
For a deeper quantitative dive into Goldman Sachs’ financial health and competitive positioning, consider reviewing the analytics available on ValueRay.
GS Stock Overview
| Market Cap in USD | 231,838m |
| Sub-Industry | Investment Banking & Brokerage |
| IPO / Inception | 1999-05-03 |
GS Stock Ratings
| Growth Rating | 87.6% |
| Fundamental | 44.3% |
| Dividend Rating | 75.9% |
| Return 12m vs S&P 500 | 28.9% |
| Analyst Rating | 3.52 of 5 |
GS Dividends
| Dividend Yield 12m | 1.66% |
| Yield on Cost 5y | 7.28% |
| Annual Growth 5y | 23.15% |
| Payout Consistency | 98.8% |
| Payout Ratio | 22.5% |
GS Growth Ratios
| Growth Correlation 3m | 71.3% |
| Growth Correlation 12m | 75% |
| Growth Correlation 5y | 77.3% |
| CAGR 5y | 35.68% |
| CAGR/Max DD 3y (Calmar Ratio) | 1.15 |
| CAGR/Mean DD 3y (Pain Ratio) | 5.24 |
| Sharpe Ratio 12m | 0.96 |
| Alpha | 31.28 |
| Beta | 1.415 |
| Volatility | 26.94% |
| Current Volume | 2504.1k |
| Average Volume 20d | 1925.4k |
| Stop Loss | 757.9 (-3.3%) |
| Signal | 1.39 |
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income (16.67b TTM) > 0 and > 6% of Revenue (6% = 7.94b TTM) |
| FCFTA -0.01 (>2.0%) and ΔFCFTA 3.13pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -520.6% (prev -81.97%; Δ -438.6pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA -0.01 (>3.0%) and CFO -22.85b <= Net Income 16.67b (YES >=105%, WARN >=100%) |
| Net Debt (496.00b) to EBITDA (23.41b) ratio: 21.19 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.50 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (315.0m) change vs 12m ago -4.78% (target <= -2.0% for YES) |
| Gross Margin 43.32% (prev 40.13%; Δ 3.19pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 7.49% (prev 7.12%; Δ 0.36pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 0.31 (EBITDA TTM 23.41b / Interest Expense TTM 68.51b) >= 6 (WARN >= 3) |
Altman Z'' -2.03
| (A) -0.38 = (Total Current Assets 693.00b - Total Current Liabilities 1382.00b) / Total Assets 1808.00b |
| (B) 0.09 = Retained Earnings (Balance) 159.53b / Total Assets 1808.00b |
| (C) 0.01 = EBIT TTM 21.25b / Avg Total Assets 1768.04b |
| (D) 0.09 = Book Value of Equity 157.56b / Total Liabilities 1675.61b |
| Total Rating: -2.03 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 44.32
| 1. Piotroski 4.0pt = -1.0 |
| 2. FCF Yield -6.53% = -3.27 |
| 3. FCF Margin -18.80% = -7.05 |
| 4. Debt/Equity 5.36 = -2.50 |
| 5. Debt/Ebitda 21.19 = -2.50 |
| 6. ROIC - WACC (= -0.87)% = -1.09 |
| 7. RoE 13.49% = 1.12 |
| 8. Rev. Trend 88.65% = 6.65 |
| 9. EPS Trend 79.01% = 3.95 |
What is the price of GS shares?
Over the past week, the price has changed by +4.41%, over one month by -1.08%, over three months by +9.58% and over the past year by +52.50%.
Is Goldman Sachs a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of GS is around 963.32 USD . This means that GS is currently undervalued and has a potential upside of +22.89% (Margin of Safety).
Is GS a buy, sell or hold?
- Strong Buy: 5
- Buy: 3
- Hold: 14
- Sell: 1
- Strong Sell: 0
What are the forecasts/targets for the GS price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 795 | 1.4% |
| Analysts Target Price | 795 | 1.4% |
| ValueRay Target Price | 1034 | 31.9% |
GS Fundamental Data Overview October 18, 2025
P/E Trailing = 15.2596
P/E Forward = 14.9031
P/S = 4.0434
P/B = 2.1657
P/EG = 2.9204
Beta = 1.415
Revenue TTM = 132.35b USD
EBIT TTM = 21.25b USD
EBITDA TTM = 23.41b USD
Long Term Debt = 249.87b USD (from longTermDebt, last fiscal year)
Short Term Debt = 373.00b USD (from shortTermDebt, last quarter)
Debt = 665.00b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 496.00b USD (from netDebt column, last quarter)
Enterprise Value = 380.84b USD (231.84b + Debt 665.00b - CCE 516.00b)
Interest Coverage Ratio = 0.31 (Ebit TTM 21.25b / Interest Expense TTM 68.51b)
FCF Yield = -6.53% (FCF TTM -24.88b / Enterprise Value 380.84b)
FCF Margin = -18.80% (FCF TTM -24.88b / Revenue TTM 132.35b)
Net Margin = 12.60% (Net Income TTM 16.67b / Revenue TTM 132.35b)
Gross Margin = 43.32% ((Revenue TTM 132.35b - Cost of Revenue TTM 75.02b) / Revenue TTM)
Gross Margin QoQ = 39.80% (prev 45.41%)
Tobins Q-Ratio = 0.21 (Enterprise Value 380.84b / Total Assets 1808.00b)
Interest Expense / Debt = 2.55% (Interest Expense 16.97b / Debt 665.00b)
Taxrate = 24.00% (1.29b / 5.39b)
NOPAT = 16.15b (EBIT 21.25b * (1 - 24.00%))
Current Ratio = 0.50 (Total Current Assets 693.00b / Total Current Liabilities 1382.00b)
Debt / Equity = 5.36 (Debt 665.00b / totalStockholderEquity, last quarter 124.00b)
Debt / EBITDA = 21.19 (Net Debt 496.00b / EBITDA 23.41b)
Debt / FCF = -19.94 (negative FCF - burning cash) (Net Debt 496.00b / FCF TTM -24.88b)
Total Stockholder Equity = 123.60b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.92% (Net Income 16.67b / Total Assets 1808.00b)
RoE = 13.49% (Net Income TTM 16.67b / Total Stockholder Equity 123.60b)
RoCE = 5.69% (EBIT 21.25b / Capital Employed (Equity 123.60b + L.T.Debt 249.87b))
RoIC = 3.47% (NOPAT 16.15b / Invested Capital 465.60b)
WACC = 4.34% (E(231.84b)/V(896.84b) * Re(11.23%) + D(665.00b)/V(896.84b) * Rd(2.55%) * (1-Tc(0.24)))
Discount Rate = 11.23% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -3.87%
Fair Price DCF = unknown (Cash Flow -24.88b)
EPS Correlation: 79.01 | EPS CAGR: 60.67% | SUE: 1.42 | # QB: 5
Revenue Correlation: 88.65 | Revenue CAGR: 23.38% | SUE: 0.98 | # QB: 1
Additional Sources for GS Stock
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Fund Manager Positions: Dataroma | Stockcircle