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 1,27,610 1,21,752 1,32,489 1,88,516 2,96,033 2,96,033 -
Change - 34.88% -4.59% 8.82% 42.29% 57.03% 0% -
Enterprise Value (EV) 1 3,78,610 3,97,610 3,42,752 5,32,489 6,72,516 7,72,760 6,69,519 6,81,097
Change - 5.02% -13.8% 55.36% 26.3% 14.91% 0.94% 1.73%
P/E ratio 10.7x 6.43x 11.4x 16.9x 14.1x 17.1x 16.2x 14.5x
PBR 1.12x 1.35x 1.13x 1.23x 1.7x 2.46x 2.51x 2.37x
PEG - 0x -0.2x -0.7x 0.2x 0.6x 0.8x 1.3x
Capitalization / Revenue 2.12x 2.15x 2.57x 2.85x 3.52x 4.73x 4.63x 4.42x
EV / Revenue 8.5x 6.7x 7.24x 11.4x 12.6x 13.3x 10.5x 10.2x
EV / EBITDA - - - - - - - -
EV / EBIT 24.3x 14.5x 21.2x 44.2x 34.1x 37.3x 28.3x 27.6x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 5 6.5 9 10.5 11.75 14.03 18.4 19.78
Rate of return 1.9% 1.7% 2.62% 2.72% 2.05% 1.49% 1.95% 2.1%
EPS 2 24.74 59.45 30.06 22.87 40.54 51.32 58.36 65.1
Distribution rate 20.2% 10.9% 29.9% 45.9% 29% 28.7% 31.5% 30.4%
Net sales 1 44,560 59,339 47,365 46,524 53,512 58,283 63,978 67,013
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 17,966 19,342
Net Debt 1 2,84,000 2,70,000 2,21,000 4,00,000 4,84,000 4,97,000 3,73,486 3,85,064
Reference price 2 263.71 382.55 343.38 385.77 572.62 943.62 943.62 943.62
Nbr of stocks (in thousands) 3,58,767 3,33,578 3,54,568 3,43,439 3,29,217 3,13,720 3,13,720 -
Announcement Date 19/01/21 18/01/22 17/01/23 16/01/24 15/01/25 15/01/26 - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
19.02x11.27x - 1.51% 29TCr
18.12x7.33x - 2.15% 28TCr
17.08x - - 1.9% 21TCr
22.47x7.95x13.65x1.03% 19TCr
14.31x1.34x - 2.42% 5.91TCr
14.72x - - 1.27% 3.39TCr
35.93x2.23x14.92x0.32% 3.08TCr
12.03x6.27x - 2.49% 2.68TCr
11.65x7.33x - 3.53% 2.56TCr
8.59x - - 3.8% 2.48TCr
Average 17.39x 6.24x 14.28x 2.04% 11.78TCr
Weighted average by Cap. 18.54x 8.13x 13.83x 1.78%
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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