Last 48 quarters of trend data · Financial Services · Investment Banks & Brokerages
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 11.76 | 13.23 | 12.05 | 12.05 | 15.70 | 16.25 | 16.16 | 9.67 | 11.98 | 14.74 | 13.12 | 9.02 | 17.44 | 14.79 | 26.18 | 9.30 | 25.86 | 8.88 | 9.61 | 7.67 | 8.56 |
| — | -18.6% | -25.4% | +24.6% | +31.0% | +10.3% | +23.2% | +7.3% | -31.3% | -0.4% | -49.9% | -3.1% | -32.6% | +66.5% | +172.5% | +21.3% | +202.0% | +42.8% | +56.0% | +77.7% | +62.1% | |
| P/S Ratio | 3.74 | 3.63 | 3.79 | 3.78 | 5.19 | 4.13 | 3.86 | 2.94 | 3.39 | 3.22 | 2.98 | 2.49 | 2.95 | 2.35 | 2.57 | 2.35 | 2.89 | 2.20 | 2.26 | 2.27 | 2.67 |
| — | -12.1% | -1.9% | +28.5% | +53.0% | +28.1% | +29.6% | +18.0% | +15.0% | +37.0% | +16.0% | +6.1% | +1.9% | +7.1% | +13.9% | +3.5% | +8.4% | -10.6% | +2.8% | +36.3% | +31.5% | |
| P/B Ratio | 2.20 | 2.17 | 2.51 | 2.12 | 2.23 | 1.89 | 1.82 | 1.43 | 1.54 | 1.35 | 1.27 | 1.20 | 1.14 | 0.95 | 0.96 | 0.98 | 1.05 | 0.88 | 0.91 | 1.02 | 1.23 |
| — | +14.5% | +38.4% | +48.8% | +44.9% | +40.2% | +42.9% | +19.2% | +35.1% | +42.4% | +32.1% | +22.3% | +9.2% | +7.5% | +5.8% | -4.1% | -14.8% | -29.9% | -31.5% | -15.6% | +23.5% | |
| P/FCF | — | 18.54 | 13.76 | — | — | 29.55 | 10.84 | — | 1.02 | — | 6.80 | — | — | — | 0.90 | 3.26 | — | 1.75 | 0.60 | — | 1.42 |
| — | -37.3% | +26.9% | — | — | — | +59.4% | — | — | — | +658.8% | — | — | — | +48.5% | — | — | — | -65.8% | — | -13.0% | |
| EV / EBITDA | 21.43 | 30.94 | 17.93 | 27.76 | 28.38 | 31.52 | 30.29 | 25.17 | 27.06 | 33.75 | 28.51 | 22.58 | 39.14 | 23.90 | 28.56 | 20.60 | 34.91 | 16.40 | 19.37 | 16.76 | 16.39 |
| — | -1.9% | -40.8% | +10.3% | +4.9% | -6.6% | +6.2% | +11.5% | -30.9% | +41.2% | -0.2% | +9.6% | +12.1% | +45.7% | +47.5% | +22.9% | +113.0% | +19.7% | +51.2% | +62.3% | +9.9% | |
| EV / EBIT | 32.31 | 33.31 | 18.72 | 29.54 | 30.93 | 34.63 | 34.06 | 27.43 | 29.62 | 39.00 | 33.21 | 25.28 | 52.68 | 37.02 | 54.79 | 25.61 | 51.50 | 19.31 | 22.49 | 18.53 | 17.98 |
| — | -3.8% | -45.0% | +7.7% | +4.4% | -11.2% | +2.6% | +8.5% | -43.8% | +5.4% | -39.4% | -1.3% | +2.3% | +91.7% | +143.7% | +38.2% | +186.4% | +31.2% | +63.1% | +69.3% | +10.6% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 101.9% | 98.0% | 99.5% | 98.2% | 115.8% | 97.8% | 97.4% | 98.1% | 97.5% | 96.9% | 97.8% | 97.8% | 94.9% | 99.9% | 94.4% | 101.4% | 90.8% | 95.7% | 94.4% | 95.7% | 97.3% |
| — | +0.3% | +2.2% | +0.1% | +18.8% | +0.9% | -0.4% | +0.3% | +2.7% | -3.1% | +3.6% | -3.6% | +4.5% | +4.4% | -0.0% | +6.0% | -6.6% | -3.1% | -6.2% | -4.7% | -0.2% | |
| Operating Margin | 37.5% | 37.5% | 56.7% | 37.7% | 43.5% | 35.5% | 34.0% | 37.5% | 37.9% | 31.4% | 30.8% | 36.8% | 19.9% | 23.3% | 15.9% | 32.7% | 14.4% | 31.4% | 29.9% | 36.0% | 39.8% |
| — | +5.6% | +66.7% | +0.4% | +14.8% | +13.1% | +10.5% | +1.8% | +90.3% | +34.6% | +93.0% | +12.8% | +37.9% | -25.6% | -46.7% | -9.3% | -63.7% | -37.6% | -32.8% | -23.6% | -15.8% | |
| Net Margin | 29.5% | 28.3% | 32.6% | 32.7% | 34.3% | 27.0% | 25.5% | 31.5% | 29.6% | 23.5% | 23.9% | 29.1% | 17.7% | 17.4% | 11.2% | 26.5% | 12.5% | 25.6% | 24.7% | 30.5% | 31.1% |
| — | +5.0% | +27.7% | +3.9% | +15.8% | +14.6% | +6.8% | +8.2% | +67.1% | +35.2% | +114.2% | +9.9% | +41.7% | -32.0% | -54.8% | -13.1% | -59.8% | -35.2% | -30.8% | -21.1% | -18.9% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.9% | 4.3% | 5.4% | 4.5% | 3.6% | 3.2% | 3.0% | 3.8% | 3.4% | 2.5% | 2.6% | 3.5% | 1.7% | 1.8% | 1.0% | 2.8% | 1.1% | 2.6% | 2.5% | 3.5% | 3.6% |
| — | +33.7% | +80.1% | +18.1% | +6.1% | +28.6% | +17.2% | +9.6% | +97.1% | +41.1% | +146.0% | +27.4% | +52.9% | -32.0% | -58.6% | -21.2% | -69.2% | -49.9% | -54.3% | -50.5% | -23.8% | |
| ROA | 1.0% | 0.2% | 0.3% | 0.3% | 0.3% | 0.2% | 0.2% | 0.3% | 0.2% | 0.2% | 0.2% | 0.2% | 0.1% | 0.1% | 0.1% | 0.2% | 0.1% | 0.2% | 0.2% | 0.3% | 0.3% |
| — | +7.7% | +50.9% | +5.7% | +5.7% | +28.9% | +15.5% | +11.3% | +93.5% | +35.3% | +132.2% | +14.0% | +41.0% | -32.8% | -57.4% | -15.9% | -67.3% | -48.8% | -55.0% | -53.5% | -31.1% | |
| ROIC | 2.2% | 0.6% | 1.0% | 0.6% | 0.6% | 0.5% | 0.5% | 0.6% | 0.5% | 0.4% | 0.4% | 0.6% | 0.2% | 0.3% | 0.2% | 0.5% | 0.2% | 0.5% | 0.4% | 0.6% | 0.6% |
| — | +8.3% | +102.0% | +9.0% | +7.1% | +26.7% | +22.2% | +3.7% | +114.4% | +32.7% | +107.5% | +10.5% | +24.0% | -32.4% | -53.3% | -12.6% | -68.3% | -46.7% | -53.0% | -51.6% | -23.5% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 4.88 | 6.71 | 6.04 | 5.65 | 4.88 | 5.02 | 4.86 | 4.91 | 5.06 | 5.06 | 4.81 | 5.04 | 4.99 | 4.58 | 4.63 | 4.45 | 3.71 | 3.93 | 4.24 | 4.35 | 4.44 |
| — | +33.6% | +24.3% | +15.3% | -3.6% | -0.7% | +1.0% | -2.6% | +1.4% | +10.5% | +3.9% | +13.1% | +34.5% | +16.4% | +9.1% | +2.3% | -16.4% | -13.1% | -10.3% | -2.9% | +1.1% | |
| Debt / EBITDA | 25.36 | 111.27 | 61.65 | 99.44 | 95.51 | 112.27 | 108.18 | 99.10 | 107.20 | 133.01 | 125.99 | 101.84 | 192.20 | 125.74 | 161.98 | 105.47 | 192.53 | 106.10 | 121.61 | 97.48 | 88.47 |
| — | -0.9% | -43.0% | +0.3% | -10.9% | -15.6% | -14.1% | -2.7% | -44.2% | +5.8% | -22.2% | -3.4% | -0.2% | +18.5% | +33.2% | +8.2% | +117.6% | +62.1% | +85.6% | +96.6% | +26.9% | |
| Current Ratio | 0.83 | 0.95 | 0.83 | 0.79 | 0.83 | 0.50 | 0.30 | 0.90 | 0.93 | 0.92 | 0.92 | 0.92 | 0.94 | 0.93 | 0.92 | 0.91 | 0.89 | 0.90 | 0.90 | 0.95 | 0.97 |
| — | +89.8% | +179.5% | -11.6% | -10.4% | -45.3% | -67.7% | -1.9% | -1.1% | -1.0% | +0.4% | +0.7% | +4.8% | +2.8% | +2.0% | -3.9% | -8.1% | -5.8% | -4.2% | +1.3% | +1.2% | |
| Quick Ratio | 0.83 | 0.95 | 0.83 | 0.79 | 0.83 | 0.50 | 0.30 | 0.90 | 0.93 | 0.92 | 0.92 | 0.92 | 0.94 | 0.93 | 0.92 | 0.91 | 0.89 | 0.90 | 0.90 | 0.95 | 0.97 |
| — | +89.8% | +179.5% | -11.6% | -10.4% | -45.3% | -67.7% | -1.9% | -1.1% | -1.0% | +0.4% | +0.7% | +4.8% | +2.8% | +2.0% | -3.9% | -8.1% | -5.8% | -4.2% | +1.3% | +1.2% | |
| Interest Coverage | 0.33 | 0.37 | 0.64 | 0.38 | 0.35 | 0.32 | 0.30 | 0.34 | 0.29 | 0.21 | 0.21 | 0.29 | 0.13 | 0.16 | 0.11 | 0.30 | 0.15 | 0.58 | 1.14 | 3.36 | 4.14 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying GS stock.
The Goldman Sachs Group, Inc.'s current P/E is 11.8x. The average P/E over the last 4 quarters is 13.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
The Goldman Sachs Group, Inc.'s current operating margin is 37.5%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking The Goldman Sachs Group, Inc.'s business trajectory between earnings reports.