On 12 Nov 2026 our base value for Goldman Sachs is $599.02 a share, 34.4% below its $913.60 close; 0 of 1 valuation methods put it above the price.
| Method | Value | vs price | Basis |
|---|---|---|---|
| Discounted cash flow | — | — | the free cash flow base is -14.53% of market cap (floor 1%) — the terminal value carries the answer, not the cash flows |
| Exit multiple (P/E) | $599.02 | -34.4% | earnings per share $71.46 valued at 14.01× (the stock's own median P/E) in 5 years, discounted back |
| Sum of the parts | — | — | no sum of the parts: 'Asset & Wealth Management' matches no business kind in the house table, so it cannot be valued. The rest are not published without it — a sum missing a part reads as a valuation and is simply wrong |
| Price to sales | — | — | not reached: the cash-flow or earnings methods produced an anchor, so this fallback was not run |
| Tangible book | — | — | used only for lenders, where book value is the business |
| Price to FFO (REITs) | — | — | used only for REITs |
Each working is rebuilt by code from the valuation's own figures and checked against the published value.
Earnings per share grow on the same fading path as the DCF:
| Year | Growth | Earnings per share |
|---|---|---|
| Now | — | $71.46 |
| Year 1 | -2.93% | $69.37 |
| Year 2 | -1.15% | $68.57 |
| Year 3 | 0.09% | $68.64 |
| Year 4 | 0.97% | $69.30 |
| Year 5 | 1.58% | $70.39 |
| Earnings per share in year 5 | $70.39 |
| Exit P/E (the stock's own median P/E) | 14.01× |
| Value in 5 years = earnings × P/E | $986.18 |
| Discounted at 10.48% over 5 years: ÷ 1.6463 | $599.02 |
The base value is the average of the methods kept in it:
| Method | Value |
|---|---|
| Exit multiple (P/E) | $599.02 |
One method is kept, so the base value is its value: $599.02
Base value $599.02 a share
One-year price simulation: a 10% chance the price is below $654.78 and a 10% chance it is above $1,427.40 in a year; a 58% chance it is higher than today's $913.60, from 30.25% volatility. The simulation assumes the price drifts up at our discount rate of 10.48% a year.
| Week | Price | Base value |
|---|---|---|
| 2 Oct 2026 | $902.56 | $582.09 |
| 9 Oct 2026 | $895.32 | $576.02 |
| 16 Oct 2026 | $881.26 | $597.10 |
| 23 Oct 2026 | $875.68 | $602.50 |
| 30 Oct 2026 | $894.55 | $604.41 |
| 6 Nov 2026 | $865.82 | $606.20 |
| 12 Nov 2026 | $913.60 | $599.02 |
Data as of 12 Nov 2026; financials to 30 Sep 2026. Sources: company filings via EODHD, SEC EDGAR, US Treasury. How these values are computed. Not investment advice.
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