Stock fact sheet · data as of
The Goldman Sachs Group, Inc. (GS): fair value, margin of safety and Wheel Score
Financial Services · Financial - Capital Markets · United States · Value
Is GS undervalued?
At 891.28 (close of 16 Oct 2026), GS trades within a few percent of the GLS average fair value of 945.36 (5.7% 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: Graham Number gives 111.42 while GLS Growth gives 2,430.59. 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.
The nightly engine files GS under Value: positive earnings at a P/E of 18 or less.
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 | 812.92 | -9% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 111.42 | -87% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 1,643.57 | +84% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 522.27 | -41% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 2,430.59 | +173% | 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 | -70% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 831.89 | -7% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -2,286.53 | -357% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 1,156.75 | +30% | 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 Sunday Scan's "6 or more" rule. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is low at 4.8 out of 10, which says the ten-year record of revenue, earnings, margins and returns on capital has been inconsistent - growth and shocks rather than steady compounding.
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 2.02% at a payout ratio of 28%; 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 6/10 on the GLS smart-money scales; the last recorded Congressional buy was on 26 Aug 2026.
| Piotroski F-score | 5 / 9 | ROIC | 2.3% |
|---|---|---|---|
| GLS Moat | 4.8 / 10 | ROE | 13.7% |
| Debt / equity | 4.88 | ROA | 0.9% |
| Free-cash-flow yield | -16.0% | Payout ratio | 28% |
| Institutions | 9 / 10 | Insiders · Congress | 1 · 6 / 10 |
Wheel Score 70: Good
GS scores 70 out of 100 on the Wheel Score (Good band, 65-79). The score blends the margin of safety (Value, 15/25), Piotroski health (11/20), the GLS moat (7/15), the option premium on offer (17/20) and how easily the stock trades (20/20). Moat (7/15) is the part holding the score back.
Implied volatility is 32% on the near-the-money contracts 20-60 days out: some premium, but under the 35-60% range the Wheel Score pays full marks for (17 of 20 points). The option chain is deep: 94,399 contracts of open interest across all expiries, which means tight fills at most strikes.
Volume runs at 2.4M shares a day on a market cap of $259.5B, 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 gives that 20 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 15 / 25 | 6% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 7 / 15 | moat 4.8/10 | |
| Premium | 17 / 20 | implied volatility 32% | |
| Stability | 20 / 20 | 2.4M shares/day, $259.5B cap, beta 1.28 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for GS in the nightly calendar. The next ex-dividend date is 2 Dec 2026 (5.00 per share).
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 | 182.11 | 246.96 | +26% | 78Good | $287.2B |
| SCHW The Charles Schwab Corporation | 96.80 | 113.65 | +15% | 83Prime | $167.4B |
| HOOD Robinhood Markets, Inc. | 103.99 | 46.61 | -123% | 52Fair | $93.5B |
| NMR Nomura Holdings, Inc. | 9.28 | 2,645.86 | +100% | 80Prime | $27.7B |
| LPLA LPL Financial Holdings Inc. | 327.56 | 408.01 | +20% | 75Good | $25.8B |
| TW Tradeweb Markets Inc. | 110.68 | 116.66 | +5% | 83Prime | $23.9B |
| CRCL Circle Internet Group | 86.97 | 66.58 | -31% | 55Fair | $22.1B |
| XP XP Inc. | 30.49 | 162.66 | +81% | 83Prime | $15.8B |
| FUTU Futu Holdings Limited | 109.80 | 1,064.51 | +90% | 87Prime | $15.4B |
| BMNR Bitmine Immersion Technologies, Inc. | 23.36 | 0.8043 | -2804% | 45Weak | $13.3B |
| BMNP Bitmine Immersion Technologies, Inc. | 98.88 | 1.77 | -5494% | 23No options | $12.7B |
| VIRT Virtu Financial, Inc. | 55.48 | 129.35 | +57% | 81Prime | $12.1B |
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Start free See the Sunday ScanQuestions about GS
Is GS undervalued right now?
Not meaningfully: at 891.28 the stock trades within a few percent of the GLS average fair value of 945.36 (5.7% below fair value, data as of 16 Oct 2026).
What is the Wheel Score of GS and what does it mean?
GS scores 70 out of 100 (Good). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for GS?
945.36 per share as of 16 Oct 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?
No upcoming earnings date is recorded for GS in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does GS have listed options, and how liquid are they?
Yes. The nightly snapshot found 1,000 listed contracts with 94,399 open interest across all expiries and implied volatility of 32% 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.