GS

Goldman Sachs Group, Inc. (The)Financial Services / Capital MarketsINTACT

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. This segment also offers client execution activities for cash and derivative instruments; credit and interest rate products; and provision of mortgages, currencies, commodities, and equities related products. Its Asset & Wealth Management segment manages assets across various classes, including equity, fixed income, hedge funds, credit funds, private equity, real estate, currencies, commodities, and asset allocation strategies; and provides customized investment advisory solutions, wealth advisory services, personalized financial planning, and private banking services, as well as invests in corporate equity, credit, real estate, and infrastructure assets. The Platform Solutions segment offers credit cards; and transaction banking and other services, such as deposit-taking, payment solutions, and other cash management services for corporate and institutional clients. The Goldman Sachs Group, Inc. was founded in 1869 and is headquartered in New York, New York.

Share Price
$1029.18
52W: $740.01 - $1153.99
DCF Fair Value
$2855.55
+64% MoS
P/E (TTM)
15.9x
ROIC
31.7%
Operating Margin
42.2%
FCF Yield
6%
Debt / Equity
7.25x
Piotroski Score
6/9
Altman Z-Score
7.12
Market Cap
$299.7B

Price vs. Intrinsic Value Corridor

Margin of Safety Buy Zone (<25% Discount)

Historical market price overlaid against conservative DCF Fair Value & Benjamin Graham Margin of Safety bands.

Period Return (1Y)
()
Period Range
$ - $
DCF Fair Value
$2855.55
MOS Buy Target (-25%)
$2141.66
Valuation Overlays:

2-Stage Discounted Cash Flow (DCF) Workbench

Conservative intrinsic value model based on owner cash generation over a 10-year investment horizon. Opens with LocalAlpha's baseline assumptions (matching the fair value shown above) — adjust any input to stress-test.

Current Market Price
$1029.18
DCF Fair Value
$2857.34
+64% MoS
$17,913M
$100M$17,913M (Reported)$50,000M
18.0%
-5%10% (Target)35%
4.5%
0%5%20%
9.0%
6%9% (Standard)15% (High Risk)
2.5%
1% (GDP Floor)2.5% (Inflation)4.0%
-$259,400M (Net Cash)
-$100B CashBalance Sheet+$150B Debt
10-Yr PV of Cash Flows
$231.9B
PV of Terminal Value
$340.2B
Implied Enterprise Value
$572.1B
Implied Equity Value
$831.5B
YearYr 1Yr 2Yr 3Yr 4Yr 5Yr 6Yr 7Yr 8Yr 9Yr 10
Projected FCF ($M)$21,137$24,942$29,432$34,729$40,981$42,825$44,752$46,766$48,870$51,069
Present Value (PV)$19,392$20,993$22,727$24,603$26,635$25,535$24,481$23,470$22,501$21,572

Benjamin Graham & Buffett Value Models

Classical deep value metrics based on asset backing, normalized earnings power, and owner cash yield.

Graham Number-41.7% Premium
$726.32

Calculated as √(22.5 × EPS × BVPS). The maximum theoretical price a defensive investor should pay based purely on asset book value and current earnings.

EPS: $64.76BVPS: $362.05
Revised Graham Formula+55% MoS
$2285.49

Formula: V = (EPS × (8.5 + 2g) × 4.4) / Y where g is the conservative 7-10 yr growth rate and Y is AAA Bond Yield.

Buffett Owner Earnings5.7% Yield
$58.48 / share

True distributable cash flow: Net Income + D&A - Maintenance CapEx. Reflects the cash Buffett would extract without hurting unit volume.

Total: $17.0BYield: 5.7%

Reverse DCF: Market Growth Expectation

MODEST BARRIER
3.3% CAGR (Next 10 Yrs)

At the current price of $1029.18, the market is assuming the business will compound Free Cash Flow at 3.3% per year for the next decade with a 9% hurdle rate.

Value Investor Verdict
✓ Low market hurdle: Easy for a wide-moat compounder to beat.
Autonomous Thesis Underwriting

Surveil GS with Mathematical Margin of Safety Rules

Set non-negotiable floor rules for Goldman Sachs Group, Inc. (The). If a newly filed quarterly 10-Q breaks your ROIC floor, operating margin boundary, or balance sheet leverage rules, receive an autonomous breach audit within 15 minutes.

Buffett Quality

ROIC > 15% • Margin > 15% • D/E < 0.5x

Margin Floor Guard

Current Margin 42.2% • Floor > 10%

Solvency Guard

Altman-Z > 2.6 • Current Ratio > 1.5x

Frequently Asked Questions: Goldman Sachs Group, Inc. (The) (GS) Intrinsic Valuation

Audited fundamentals, DCF intrinsic value sensitivity, and thesis break detection parameters for Goldman Sachs Group, Inc. (The).

Based on institutional multi-stage Discounted Cash Flow (DCF) modeling on audited SEC cash flows, Goldman Sachs Group, Inc. (The) has an estimated DCF intrinsic fair value of $2855.55 per share compared to its current market price of $1029.18. This represents an estimated 64.0% margin of safety (trading below fair value). Additionally, its classic Benjamin Graham Number stands at $726.32.

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