Stock fact sheet · data as of
The Goldman Sachs Group, Inc. (GS): fair value, margin of safety and Wheel Score
Ticker symbol GS · Financial Services · Financial - Capital Markets · United States · Blend
Is GS undervalued?
At 928.00 (close of 5 Nov 2026), GS trades within a few percent of the GLS average fair value of 989.38 (6.2% below fair value). 7 models produced a value and they split 2 above the price to 5 below. A stock priced at fair value earns about half of the Wheel Score's Value points; the rest of the score comes from health, moat, premium and stability.
The 7 models disagree widely: DDM gives 264.86 while GLS Growth gives 2,300.40. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for GS, so the nightly engine files it under Blend (value score 48, growth score 40, out of 100).
Nine valuation models for GS
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 822.48 | -11% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 843.30 | -9% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 1,443.03 | +55% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 419.72 | -55% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 2,300.40 | +148% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 264.86 | -71% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 831.89 | -10% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -2,286.53 | -346% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 1,130.75 | +22% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - GS passes 5 of the nine Piotroski tests, which falls one point short of the "Piotroski 6 or more" Wheel Trade Filter. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is 6.0 out of 10: a record that is solid on some of the four parts the score weighs (returns on capital, pricing power, lasting growth, balance sheet) and weaker on others.
Returns on capital are thin or negative - ROIC 2.3%, ROE 13.7%, ROA 0.9% - with debt at 4.88 times equity and negative free cash flow. Debt of 4.88 times equity is on the high side for the sector and is worth checking against the cash flow before treating the stock as a long-term hold.
The dividend yield is 1.94% at a payout ratio of 21%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Global Markets 69%, Investment Management 31% (quarter Q4 FY2025).
Institutional ownership scores 9/10, insider activity 1/10 and Congressional trading 10/10 on the GLS smart-money scales; the last recorded Congressional buy was on 20 Oct 2026.
| Piotroski F-score | 5 / 9 | ROIC | 2.3% |
|---|---|---|---|
| GLS Moat | 6.0 / 10 | ROE | 13.7% |
| Debt / equity | 4.88 | ROA | 0.9% |
| Free-cash-flow yield | -27.8% | Payout ratio | 21% |
| Institutions | 9 / 10 | Insiders · Congress | 1 · 10 / 10 |
Wheel Score 44: Weak
GS scores 44 out of 100 on the Wheel Score, in the Weak band (under 50): it fails filter 4, financially healthy - Piotroski 5/9 (under 6), and the parts are thin too - value weak, premium strong, moat good, health fair, red flags fair, option trading strong, stability strong. The score is not a judgement on the company; it says the price, quality and premium do not line up for selling puts on it today.
Implied volatility is 33% on the near-the-money contracts 20-60 days out: enough to pass the 25-80% Wheel Trade Filter, but under the 35-60% sweet spot the score rewards most. The option chain is deep: 196,462 contracts of open interest across all expiries, which means tight fills at most strikes.
Volume runs at 2.8M shares a day on a market cap of $270.2B, with a beta of 1.28 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score rates that strong.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Fails | Piotroski 5/9 (under 6) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 6% below fair value | |
| Premium | Strong | implied volatility 33% | |
| Moat | Good | moat 6.0/10 | |
| Health | Fair | Piotroski 5/9 | |
| Red Flags | Fair | Red Flags score 77/100 | |
| Option trading | Strong | 51,943 contracts a day, 196,462 open interest | |
| Stability | Strong | beta 1.28, $270.2B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 19 Jan 2027, 75 days away - outside the window of a 30-45-day put sold today. The shares go ex-dividend on 2 Dec 2026 (5.00 per share), so a covered call sold before then carries a small early-assignment risk around that date.
Analysts upgraded GS 1 time in the last 30 days with no downgrades; the latest action was an upgrade by Goldman Sachs on 23 Oct 2026.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Financial - Capital Markets
The 12 companies below are the closest to The Goldman Sachs Group, Inc. by market cap within the Financial - Capital Markets industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| MS Morgan Stanley | 193.99 | 228.35 | +15% | 47Weak | $306.0B |
| SCHW The Charles Schwab Corporation | 93.37 | 119.79 | +22% | 81Good | $161.5B |
| HOOD Robinhood Markets, Inc. | 87.41 | 73.05 | -20% | 39Weak | $69.4B |
| NMR Nomura Holdings, Inc. | 9.79 | 17.13 | +43% | 47Weak | $28.6B |
| TW Tradeweb Markets Inc. | 126.99 | 120.03 | -6% | 46Weak | $27.4B |
| LPLA LPL Financial Holdings Inc. | 311.48 | 496.45 | +37% | 91Prime | $24.3B |
| CRCL Circle Internet Group | 76.12 | 68.34 | -11% | 36Weak | $19.3B |
| FUTU Futu Holdings Limited | 97.92 | 476.82 | +79% | 53Fair | $13.7B |
| BMNP Bitmine Immersion Technologies, Inc. | 98.10 | 1.63 | -5908% | 13No options | $13.0B |
| BMNR Bitmine Immersion Technologies, Inc. | 21.73 | 0.7947 | -2635% | 29Weak | $12.4B |
| EVR Evercore Inc. | 311.03 | 355.42 | +12% | 75Good | $12.0B |
| SF Stifel Financial Corp | 72.94 | 97.45 | +25% | 79Good | $10.9B |
Scan the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the top 10 stocks that pass all 9 Wheel Trade Filters, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about GS
Is GS undervalued right now?
Not meaningfully: at 928.00 the stock trades within a few percent of the GLS average fair value of 989.38 (6.2% below fair value, data as of 5 Nov 2026).
What is the Wheel Score of GS and what does it mean?
GS scores 44 out of 100 (Weak) - it fails Wheel Trade Filter 4. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for GS?
989.38 per share as of 5 Nov 2026 - the simple average of the 7 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does The Goldman Sachs Group, Inc. report earnings next?
The next earnings report is due on 19 Jan 2027, 75 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does GS have listed options, and how liquid are they?
Yes. The nightly snapshot found 1,888 listed contracts with 196,462 open interest across all expiries and implied volatility of 33% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.