---
title: Goldman Sachs (GS) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/gs
ticker: GS
as_of: 2026-10-17
sector: Financial Services
industry: Financial - Capital Markets
---
# Goldman Sachs (GS)

Goldman Sachs (GS) closed at $881.26 on Oct 16, 2026, right at its model value of $881.48 (from its peers' median P/E).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $881.26 (Oct 16, 2026) |
| Model value (from its peers' median P/E) | $881.48 |
| Price vs model | at model value |
| Range of that model | $830.68 – $1,014.91 |
| Market value | $256.6B |
| P/E (fiscal 2025) | 17.2 |
| Net margin (fiscal 2025) | 13.7% |
| Free cash flow (fiscal 2025) | -$47.2B |
| Dividend yield (trailing twelve months) | 2.04% |
| Beta | 1.28 |
| Cost of capital (WACC) | 10.95% |
| Business classification | Dividend Payer (Revenue declining (~0% recent), Currently unprofitable, Pays dividends, High leverage (D/E 2.3x)) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Largest companies | #44 | $256.6B | https://sweetvaluelab.com/lists/largest-companies |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 2.04% |
| Dividends per share, last 12 months | $18.00 |
| Dividends / earnings (fiscal 2025) | 30.7% |
| Raised | 14 years in a row |
| Growth over 5 years | 25.6% a year |
| Latest payment | $5.00, ex-date Sep 1, 2026, paid Sep 29, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Aug 31, 2021 | $5.75 |
| To Aug 31, 2022 | $8.50 |
| To Aug 30, 2023 | $10.25 |
| To Aug 30, 2024 | $11.25 |
| To Aug 29, 2025 | $13.00 |
| Trailing twelve months (to Sep 1, 2026) | $18.00 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| P/E · peers | primary | $881.48 | $830.68 | $1,014.91 |
| P/E · own history | cross check | $944.68 | $643.13 | $1,147.12 |
| PEG | sanity check | $1,045.71 | $1,045.71 | $1,045.71 |
| Dividend discount | cross check | $317.32 | $228.67 | $440.52 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 4 open-market sales ($804,725); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Oct 14, 2026 | OPPENHEIMER PETER | Director | Grant / award | 65 | $0 |
| Oct 14, 2026 | JOHNSON KEVIN R | Director | Grant / award | 44 | $0 |
| Oct 14, 2026 | HESS JOHN B | Director | Grant / award | 29 | $0 |
| Oct 14, 2026 | Flaherty Mark A. | Director | Grant / award | 29 | $0 |
| Aug 28, 2026 | LESLIE ERICKA T | Chief Administrative Officer | Open-market sell | 600 | $620,280 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Oct 13, 2026 | 8-K | 2.02 Results of Operations (Earnings); 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/886982/000088698226000529/gs-20261013.htm |
| Oct 1, 2026 | DEFA14A | Additional proxy materials | https://www.sec.gov/Archives/edgar/data/886982/000119312526410742/vip_14a-12_launch_no_xbr.htm |
| Aug 11, 2026 | 8-K | 5.03 Amendment to Articles/Bylaws; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/886982/000119312526344912/d179572d8k.htm |
| Aug 3, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/886982/000088698226000297/gs-20260630.htm |
| Jul 27, 2026 | 8-K | 3.03 Modification to Security-Holder Rights; 5.03 Amendment to Articles/Bylaws; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/886982/000119312526318147/d113214d8k.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Thomas Gayner | 2026-06-30 | 359,360 | $363.4M |
| Dodge & Cox | 2026-06-30 | 134,131 | $135.7M |
| Bill Nygren | 2026-06-30 | 27,218 | $27.5M |
| David Katz | 2026-09-30 | 20,804 | $18.7M |

6 tracked managers in all.

## About

The Goldman Sachs Group, Inc. (GS) operates as a prominent global financial services firm, offering an extensive array of services to corporations, financial institutions, governmental bodies, and individuals worldwide. The company's operations are organized into four primary divisions: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment furnishes strategic advisory services covering intricate transactions such as mergers, acquisitions, divestitures, corporate defense strategies, restructurings, and spin-offs. It also extends various lending facilities, including middle-market, relationship, and acquisition financing, in addition to transaction banking services. This division further specializes in underwriting, assisting clients with equity offerings for common, preferred, and convertible securities, as well as debt offe…

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Source: https://sweetvaluelab.com/stocks/gs (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.