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Research report · 22 October 2026

Goldman Sachs Group Inc (GS)

Financials · Investment Banking & Brokerage · US stock · price as of 22 Oct 2026

Key indicators

Price$891.30
52-week range$743.11 – $1,153.99
Market cap$271.8B
P/E (trailing)13.2×
Dividend yield2.0%
Revenue (last 12 months)–
Revenue growth (3y a year)–
Price / book2.2×
Return on equity17.1%

Fair value

Fair value (average of valid models)$923.81 middle half of models $766 – $1,000
Versus priceFair+4% to fair value
P/E multiple$896.05
P/B multiple$696.76
Dividend discount, stable$789.49
Dividend discount, multi-stage$1,312.94
Model uncertaintyMedium

X-Ray Score

49/ 100 · Low confidence · ahead of 46% of sector peers
Valuation48
Growth73
Profitability5
Financial health73
Dividends70

Five-year price chart navy: price · brown: 200-day average · blue band: fair value range

1994496999501,200Fair value $9242021-102023-012024-042025-072026-10

Executive summary

Goldman Sachs is a global investment bank and financial services firm. It advises companies and governments on mergers, financings and other strategic matters, underwrites and trades securities and other financial instruments, and manages money for institutions, wealthy individuals and families. Its clients include corporations, financial institutions, governments and investors, and its work is grouped into global banking and markets and asset and wealth management businesses.

The firm earns money from advisory and underwriting fees, from trading and financing for clients, from fees on the assets it manages, and from interest on lending. The site holds no revenue, margin or leverage figures for the company at present, so none are quoted here. What the fact sheet does show is a dividend yield of 2.0%.

StocksXray gives Goldman Sachs Group Inc an X-Ray Score of 49 out of 100 (low confidence), ahead of 46% of the S&P 500 stocks in its sector. Its strongest lens is growth (73) and its weakest is profitability (5).

Our fair value (the average of the valid models) is $923.81 (range $766.31 to $1,000.27). At $891.30 the stock trades 4% below that value, so the label is "Fair" with medium model uncertainty. Fair value is a range, not a price target.

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Goldman Sachs Group Inc (GS)

Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months

FY2021FY2022FY2023FY2024FY2025Now
Price$340.68$313.87$363.79$553.07$866.32$891.30
Market cap$121.2B$112.4B$125.8B$184.5B$275.1B$271.8B
P/E5.7×10.4×15.9×13.6×16.9×13.2×
Price / book1.1×1.0×1.1×1.5×2.2×2.2×
Dividend yield1.91%2.87%2.89%2.08%1.62%2.02%

Fundamentals checklist ● 1 Good · ● 1 Average · ● 0 Bad · each check graded against the sector

Growth

EPS growth (3y)19.5%Good

Valuation

Fair value vs price1.0×Average
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Goldman Sachs Group Inc (GS)

Financials US$ millions, from SEC filings; last column is the last twelve months

Income statementFY21FY22FY23FY24FY25LTM
Revenue––––––
Net income21,63511,2618,51614,27617,17620,973
Diluted EPS ($)59.4530.0622.8740.5451.3267.36
Net margin––––––
Balance sheetFY21FY22FY23FY24FY25LTM
Total assets1,463,9881,441,7991,641,5941,675,9721,809,3202,127,711
Cash261,036241,825241,577182,092164,259187,266
Total debt6,73062,67977,15869,709––
Equity109,926117,189116,905121,996124,972122,742
Dividend per share ($)6.509.0010.5011.5014.0017.00

Revenue and net income US$ billions: navy revenue, teal net income

FY21FY22FY23FY24FY25

Margins blue gross, teal operating, brown net

Latest quarters

Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue ($M)––––––
Growth vs a year earlier––––––
Net income ($M)4,7383,7234,0984,6175,6306,628
Diluted EPS ($)14.1210.9112.25–17.5520.98
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Goldman Sachs Group Inc (GS)

Peers in Investment Banking & Brokerage

CompanyX-Ray
GS · Goldman Sachs Group Inc49
SCHW · Schwab Charles Corp68
RJF · Raymond James Financial In...55
IBKR · Interactive Brokers Group,...51
HOOD · Robinhood Markets, Inc.45

Market Compass outlook for Financials: Favourable (71/100). It blends regime history, macro sensitivity, momentum and valuation.

Returns

1 week+0.0%
1 month−6.1%
3 months−18.4%
6 months−3.8%
1 year+22.1%
3 years+217.6%
5 years+142.8%

Technical summary

DailyStrongly bearish1 bullish · 4 neutral · 11 bearish
WeeklyBearish3 bullish · 1 neutral · 8 bearish
MonthlyBullish5 bullish · 1 neutral · 2 bearish
50-day / 200-day average$961.75 / $952.23
52-week low / high$743.11 / $1,153.99
Classic pivot, support and resistanceS2 867.53 · S1 879.42 · P – · R1 904.77 · R2 918.24

Recent dividends

Ex-dividend dateAmount per share
2 Dec 2026$5.0000
1 Sep 2026$5.0000
1 Jun 2026$4.5000
2 Mar 2026$4.5000
2 Dec 2025$4.0000
29 Aug 2025$4.0000
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Goldman Sachs Group Inc (GS)

Strengths

  • Has raised its dividend for 7 years in a row.

Risks and weak spots

No check is weak against its sector.

Latest SEC filings

DateFormItems
13 Oct 20268-K2.02,7.01,9.01
11 Aug 20268-K5.03,9.01
3 Aug 202610-Q
27 Jul 20268-K3.03,5.03,9.01
21 Jul 20268-K9.01
20 Jul 20268-K8.01
14 Jul 20268-K2.02,7.01,9.01
24 Jun 20268-K8.01,9.01

How to read this report

Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value is the average of up to 15 valuation models, most of them anchored to the company's own multiples, so it stays near the price and should be read as a range, not a point. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.

stocksxray.com · page 5 · generated 23 Oct 2026