Goldman Sachs (GS) Stock Analysis

June 13, 2026

Here is a fundamental analysis of Goldman Sachs (GS), benchmarking its profitability, financial strength, dividend and valuation against its industry group peers.

Performance

Cumulative Growth

GSPC

Goldman Sachs (GS) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Goldman Sachs (GS) and S&P 500 (GSPC). Returns over one year are annualized.

Performance at a Glance

Goldman Sachs (GS) metric values compared with Financial Services industry-group medians
Metric	Current stock: GS	Industry group median
1-Year Return	73.43%	0.76%

Risk

Drawdown

GSPC

Goldman Sachs (GS) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Risk at a Glance

Goldman Sachs (GS) metric values compared with Financial Services industry-group medians
Metric	Current stock: GS	Industry group median
1-Year Volatility	28.61%	33.82%
Beta	1.29	1.05

Company Profile

Company profile fields for Goldman Sachs (GS)
Profile Item	GS
Name	The Goldman Sachs Group, Inc.
Country/Region	United States
GICS Sector	Financials
GICS Industry Group	Financial Services
GICS Industry	Capital Markets
GICS Sub-Industry	Investment Banking & Brokerage
Market Capitalization	313.52 billion USD
Currency	USD
Exchange	NYSE
Listing Date	May 4, 1999
Security Type	Common Stock

Valuation

Price-to-Earnings Ratio (TTM)

Goldman Sachs (GS) trades at P/E ratio of 19.42, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

GS

Financial Services industry group

19.42

Group distribution

Max: 47.33
Q3: 25.83
GS: 19.42
Median: 14.56
Q1: 9.03
Min: 0.60

Largest peers

MA: 28.32
V: 28.08
AXP: 20.33
GS: 19.42
MS: 19.39
BRK.B: 14.56
BRK.A: 14.52

Where Goldman Sachs (GS) stands on P/E ratio within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Price-to-Sales Ratio (TTM)

Goldman Sachs (GS) trades at 5.10 on P/S ratio, in the higher sales-valuation quartile. Investors are paying up for each dollar of revenue, so stronger margins, growth, or revenue quality need to carry that price.

GS

Financial Services industry group

5.10

Group distribution

Max: 9.45
GS: 5.10
Q3: 4.84
Median: 2.86
Q1: 1.48
Min: -1.12

Largest peers

V: 14.25
MA: 12.76
GS: 5.10
MS: 4.61
AXP: 3.23
BRK.B: 2.81
BRK.A: 2.80

Where Goldman Sachs (GS) stands on P/S ratio within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Price-to-Book Ratio (MRQ)

Goldman Sachs (GS) trades at 2.98 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

GS

Financial Services industry group

2.98

Group distribution

Max: 7.24
Q3: 3.50
GS: 2.98
Median: 1.63
Q1: 0.92
Min: 0.00

Largest peers

MA: 64.68
V: 17.29
AXP: 6.53
MS: 3.23
GS: 2.98
BRK.A: 1.45
BRK.B: 0.00

Where Goldman Sachs (GS) stands on P/B ratio within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Valuation at a Glance

Goldman Sachs (GS) metric values compared with Financial Services industry-group medians
Metric	Current stock: GS	Industry group median
Price-to-Earnings Ratio (TTM)	19.42	14.56
Price-to-Sales Ratio (TTM)	5.10	2.86
Price-to-Book Ratio (MRQ)	2.98	1.63
Free Cash Flow Yield	--	--

Profitability

Return on Equity (TTM)

Goldman Sachs (GS) posts ROE of 14.55%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

GS

Financial Services industry group

14.55%

Group distribution

Max: 42.17%
Q3: 21.40%
GS: 14.55%
Median: 12.18%
Q1: 5.01%
Min: -18.74%

Largest peers

MA: 232.08%
V: 60.35%
AXP: 34.42%
MS: 16.39%
GS: 14.55%
BRK.B: 10.50%
BRK.A: 10.50%

Where Goldman Sachs (GS) stands on ROE within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Net Profit Margin (TTM)

Goldman Sachs (GS) keeps 29.36% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

GS

Financial Services industry group

29.36%

Group distribution

Max: 66.55%
Q3: 30.41%
GS: 29.36%
Median: 16.58%
Q1: 4.49%
Min: -26.88%

Largest peers

V: 51.68%
MA: 45.88%
GS: 29.36%
MS: 24.75%
BRK.B: 19.31%
BRK.A: 19.31%
AXP: 16.31%

Where Goldman Sachs (GS) stands on net margin within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Operating Profit Margin (TTM)

Goldman Sachs (GS) turns 38.60% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

GS

Financial Services industry group

38.60%

Group distribution

Max: 95.95%
Q3: 50.01%
GS: 38.60%
Median: 27.45%
Q1: 12.28%
Min: -36.26%

Largest peers

V: 67.35%
MA: 60.84%
MS: 40.62%
GS: 38.60%
AXP: 21.25%
BRK.B: 14.35%
BRK.A: 14.35%

Where Goldman Sachs (GS) stands on operating margin within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Profitability at a Glance

Goldman Sachs (GS) metric values compared with Financial Services industry-group medians
Metric	Current stock: GS	Industry group median
Return on Equity (TTM)	14.55%	12.18%
Return on Assets (TTM)	0.94%	3.03%
Net Profit Margin (TTM)	29.36%	16.58%
Operating Profit Margin (TTM)	38.60%	27.45%
Gross Profit Margin (TTM)	--	--

Financial Strength

Current Ratio (MRQ)

current ratio is set aside for Goldman Sachs (GS) in Financial Services: these balance sheets are not best read through a current/non-current split, so regulatory, funding, or liquidity-coverage measures usually matter more.

Debt-to-Equity Ratio (MRQ)

debt-to-equity ratio is set aside for Goldman Sachs (GS) in Financial Services: leverage is part of the business model itself, so capital adequacy, funding mix, and regulatory measures are usually better risk gauges.

Financial Strength at a Glance

Goldman Sachs (GS) metric values compared with Financial Services industry-group medians
Metric	Current stock: GS	Industry group median
Current Ratio (MRQ)	--	--
Debt-to-Equity Ratio (MRQ)	--	--
Net Debt / EBITDA	--	--

Dividends

Dividend Yield (TTM)

Goldman Sachs (GS) has dividend yield of 1.69%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

GS

Financial Services industry group

1.69%

Group distribution

Max: 18.40%
Q3: 7.73%
Median: 1.93%
GS: 1.69%
Q1: 0.00%
Min: 0.00%

Largest peers

MS: 1.87%
GS: 1.69%
AXP: 1.17%
V: 0.83%
MA: 0.71%
BRK.B: 0.00%
BRK.A: 0.00%

Where Goldman Sachs (GS) stands on dividend yield within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Goldman Sachs (GS) has payout ratio of 28.31%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

GS

Financial Services industry group

28.31%

Group distribution

Max: 228.57%
Q3: 95.72%
GS: 28.31%
Median: 25.56%
Q1: 0.00%
Min: 0.00%

Largest peers

MS: 35.55%
GS: 28.31%
V: 21.97%
AXP: 21.29%
MA: 18.23%
BRK.B: 0.00%
BRK.A: 0.00%

Where Goldman Sachs (GS) stands on payout ratio within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Dividends at a Glance

Goldman Sachs (GS) metric values compared with Financial Services industry-group medians
Metric	Current stock: GS	Industry group median
Dividend Yield (TTM)	1.69%	1.93%
Dividend Payout Ratio (TTM)	28.31%	25.56%