Company Valuation: The Goldman Sachs Group, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 94,610 127,610 121,752 132,489 188,516 301,799 301,799 -
Change - 34.88% -4.59% 8.82% 42.29% 60.09% 0% -
Enterprise Value (EV) 1 378,610 397,610 342,752 532,489 672,516 772,760 675,285 686,863
Change - 5.02% -13.8% 55.36% 26.3% 14.91% 0.93% 1.71%
P/E ratio 10.7x 6.43x 11.4x 16.9x 14.1x 17.1x 16.6x 15x
PBR 1.12x 1.35x 1.13x 1.23x 1.7x 2.46x 2.56x 2.43x
PEG - 0x -0.2x -0.7x 0.2x 0.6x 0.9x 1.4x
Capitalization / Revenue 2.12x 2.15x 2.57x 2.85x 3.52x 4.73x 4.72x 4.51x
EV / Revenue 8.5x 6.7x 7.24x 11.4x 12.6x 13.3x 10.6x 10.3x
EV / EBITDA - - - - - - - -
EV / EBIT 24.3x 14.5x 21.2x 44.2x 34.1x 37.3x 28.6x 27.9x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 5 6.5 9 10.5 11.75 14.03 18.39 19.56
Rate of return 1.9% 1.7% 2.62% 2.72% 2.05% 1.46% 1.91% 2.03%
EPS 2 24.74 59.45 30.06 22.87 40.54 51.32 57.91 64.07
Distribution rate 20.2% 10.9% 29.9% 45.9% 29% 28.7% 31.8% 30.5%
Net sales 1 44,560 59,339 47,365 46,524 53,512 58,283 63,891 66,885
EBITDA - - - - - - - -
EBIT 1 15,577 27,401 16,201 12,037 19,745 20,739 23,629 24,634
Net income 1 8,915 21,151 10,764 7,907 13,525 16,300 17,834 19,207
Net Debt 1 284,000 270,000 221,000 400,000 484,000 497,000 373,486 385,064
Reference price 2 263.71 382.55 343.38 385.77 572.62 962.00 962.00 962.00
Nbr of stocks (in thousands) 358,767 333,578 354,568 343,439 329,217 313,720 313,720 -
Announcement Date 1/19/21 1/18/22 1/17/23 1/16/24 1/15/25 1/15/26 - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
19.7x11.45x - 1.46% 302B
19.05x7.53x - 2.04% 299B
16.43x - - 1.97% 206B
22.25x7.86x13.49x1.04% 184B
14.27x1.32x - 2.43% 58.65B
14.9x - - 1.27% 33.88B
35.21x2.2x14.69x0.33% 30.3B
12.54x6.48x - 2.36% 28.05B
11.87x7.39x - 3.44% 27.42B
8.78x - - 3.71% 25.43B
Average 17.50x 6.32x 14.09x 2% 119.56B
Weighted average by Cap. 18.78x 8.27x 13.66x 1.76%
See all sector valuations

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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