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Friday 6 November 2026 Export GS’s income statement to Excel — free account

The Goldman Sachs Group, Inc.

GS Financial Capital Markets

The Goldman Sachs Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $58.3 billion, up 8.92% from fiscal 2024.

Revenue
+23.0%
EPS
+38.8%
Free cash flow
+63.7%
Total debt
+27.1%

Quarter to September 2026, against a year earlier

866.56 2.39 −0.28%
Market cap
$250.6B
P/E
12.3×
Fwd P/E
12.5×
Dividend yield
2.08%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

The Goldman Sachs Group, Inc. (GS) P/B ratio

Alert me on P/B ratio

As of 6 November 2026, The Goldman Sachs Group, Inc. (GS) trades at a P/B ratio of 2.3×. Over the past ten years it has ranged from 0.6× (March 2020) to 3.2× (July 2026); the current reading is higher than 92% of that period. That is above the Capital Markets industry median of 1.4× and above the Financial sector median of 1.3×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 2.5× 44.87%
FY2024 1.7× 38.01%
FY2023 1.3× 9.36%
FY2022 1.1× (15.28%)
FY2021 1.4× 21.82%
FY2020 1.1× 2.65%
FY2019 1.1× 32.58%
FY2018 0.8× (44.12%)
FY2017 1.5× 6.93%
FY2016 1.4× 27.34%

Quarterly newest first

Period P/B ratio Change
Sep 2026 2.4× (12.51%)
Jun 2026 2.8× 17.41%
Mar 2026 2.4× (5.86%)
Dec 2025 2.5× 10.90%
43 more quarters

Against its own ten years

Low 0.6× High 3.2×
Ten-year median 1.2×
Current reading's percentile 92

P/B ratio against peers

Company P/B ratio
NMR Nomura Holdings Inc ADR compare 1.1×
IBKR Interactive Brokers Group, Inc. compare 2.0×
GS The Goldman Sachs Group, Inc. 2.3×
MS Morgan Stanley compare 2.6×
SCHW The Charles Schwab Corporation compare 3.6×
TW Tradeweb Markets Inc. compare 3.7×
LPLA LPL Financial Holdings Inc. compare 4.0×
CRCL Circle Internet Group, Inc. compare 4.4×
HOOD Robinhood Markets, Inc. compare 7.2×
Capital Markets industry median 1.4×
Financial sector median 1.3×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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