The Goldman Sachs Group, Inc. (GS) P/E Ratio History
Historical price-to-earnings valuation from 2000 to 2025
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GS Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, The Goldman Sachs Group, Inc. (GS) trades at a price-to-earnings ratio of 22.7x, with a stock price of $918.89 and trailing twelve-month earnings per share of $52.92.
The current P/E is 96% above its 5-year average of 11.6x. Over the past five years, GS's P/E has ranged from a low of 6.1x to a high of 16.9x, placing the current valuation at the 100th percentile of its historical range.
Compared to the Financial Services sector median P/E of 13.3x, GS trades at a 70% premium to its sector peers. The sector includes 779 companies with P/E ratios ranging from 0.0x to 197.4x.
The PEG ratio of 1.62 (P/E divided by 77% EPS growth) suggests a fair valuation relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, GS trades roughly in line with the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our GS DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
GS P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $301B | 23.8 | 2.67 | +53% | |
| $834B | 15.7 | 1.21 | +22% | |
| $404B | 13.9Lowest | 0.91Best | +19% | |
| $224B | 21.5 | - | +47% | |
| $96B | 31.6 | 1.51 | +7% | |
| $91B | 43.6 | - | -29% | |
| $4B | 20.8 | - | -19% | |
| $13B | 23.2 | 2.05 | +55%Best | |
| $4B | 22.7 | 2.61 | +36% | |
| $10B | 25.8 | 1.64 | +42% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
GS Historical P/E Data (2000–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q3 | $796.35 | $49.27 | 16.2x | +29% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $707.75 | $45.42 | 15.6x | +24% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $546.29 | $43.09 | 12.7x | +1% |
| FY2024 Q4 | $572.62 | $40.55 | 14.1x | +13% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $495.11 | $34.13 | 14.5x | +16% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $452.32 | $31.20 | 14.5x | +16% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $417.69 | $25.66 | 16.3x | +30% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $385.77 | $22.87 | 16.9x | +34% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $323.57 | $20.66 | 15.7x | +25% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $322.54 | $23.44 | 13.8x | +10% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $327.11 | $28.09 | 11.6x | -7% |
| FY2022 Q4 | Sat Dec 31 2022 00:00:00 GM | $343.38 | $30.06 | 11.4x | -9% |
Average P/E for displayed period: 12.5x
Full GS Stock Analysis
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Start ComparisonGS — Frequently Asked Questions
Quick answers to the most common questions about buying GS stock.
Is GS stock overvalued or undervalued?
GS trades at 22.7x P/E, above its 5-year average of 11.6x. The 100th percentile ranking indicates a premium to historical valuation.
How does GS's valuation compare to peers?
The Goldman Sachs Group, Inc. P/E of 22.7x compares to sector median of 13.3x. The premium reflects expected growth above peers.
What is GS's PEG ratio?
GS PEG ratio is 1.62. Between 1-2 suggests valuation aligns with growth. Historical P/E data spans 2000-2025.