The Goldman Sachs Group, Inc.

LSE:0R3G Stock Report

Market Cap: US$191.9b

Goldman Sachs Group Valuation

Is 0R3G undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0R3G when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0R3G ($569.5) is trading below our estimate of fair value ($679.69)

Significantly Below Fair Value: 0R3G is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0R3G?

Key metric: As 0R3G is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0R3G. This is calculated by dividing 0R3G's market cap by their current earnings.
What is 0R3G's PE Ratio?
PE Ratio16.8x
EarningsUS$11.42b
Market CapUS$191.86b

Price to Earnings Ratio vs Peers

How does 0R3G's PE Ratio compare to its peers?

The above table shows the PE ratio for 0R3G vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.6x
IGG IG Group Holdings
11.4x6.2%UK£3.5b
PLUS Plus500
8.9x-0.09%UK£1.9b
TCAP TP ICAP Group
19.8x20.5%UK£2.0b
AJB AJ Bell
22.2x9.6%UK£1.9b
0R3G Goldman Sachs Group
16.8x10.8%US$191.9b

Price-To-Earnings vs Peers: 0R3G is expensive based on its Price-To-Earnings Ratio (16.8x) compared to the peer average (15.6x).

Price to Earnings Ratio vs Industry

How does 0R3G's PE Ratio compare vs other companies in the GB Capital Markets Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PNIX Phoenix Digital Assets
1.3xn/aUS$35.96m
IX. i(x) Net Zero
0.1xn/aUS$8.94m
APQ APQ Global
0.5xn/aUS$6.41m
MAFL Mineral & Financial Investments
2.4xn/aUS$5.94m
No more companies available in this PE range
0R3G 16.8xIndustry Avg. 11.7xNo. of Companies15PE01020304050+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0R3G is expensive based on its Price-To-Earnings Ratio (16.8x) compared to the UK Capital Markets industry average (11.7x).

Price to Earnings Ratio vs Fair Ratio

What is 0R3G's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0R3G PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.8x
Fair PE Ratio28.6x

Price-To-Earnings vs Fair Ratio: 0R3G is good value based on its Price-To-Earnings Ratio (16.8x) compared to the estimated Fair Price-To-Earnings Ratio (28.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0R3G forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$569.50
US$605.50
+6.3%
11.2%US$736.00US$450.00n/a20
Dec ’25US$546.00
US$582.68
+6.7%
9.8%US$680.00US$450.00n/a19
Nov ’25US$523.00
US$546.60
+4.5%
8.4%US$614.00US$450.00n/a20
Oct ’25US$491.50
US$519.70
+5.7%
7.1%US$571.00US$450.00n/a20
Sep ’25US$506.00
US$514.86
+1.8%
8.1%US$571.00US$423.98n/a21
Aug ’25US$500.50
US$514.95
+2.9%
8.2%US$571.00US$423.98n/a20
Jul ’25US$459.00
US$454.68
-0.9%
9.2%US$525.00US$360.00n/a22
Jun ’25US$452.50
US$452.82
+0.07%
9.3%US$525.00US$360.00n/a22
May ’25US$428.00
US$443.91
+3.7%
9.4%US$517.00US$355.00n/a22
Apr ’25US$418.00
US$419.41
+0.3%
8.3%US$493.00US$355.00n/a22
Mar ’25US$388.00
US$414.26
+6.8%
9.4%US$506.00US$355.00n/a23
Feb ’25US$381.00
US$414.18
+8.7%
10.1%US$506.00US$325.00n/a22
Jan ’25US$387.00
US$383.10
-1.0%
11.2%US$481.00US$305.00n/a24
Dec ’24US$344.00
US$376.83
+9.5%
10.9%US$468.00US$305.00US$546.0024
Nov ’24US$305.00
US$378.17
+24.0%
10.0%US$447.00US$305.00US$523.0023
Oct ’24US$326.00
US$384.30
+17.9%
9.1%US$450.00US$305.00US$491.5023
Sep ’24US$327.00
US$386.13
+18.1%
9.4%US$461.00US$305.00US$506.0023
Aug ’24US$354.00
US$387.47
+9.5%
9.8%US$483.00US$305.00US$500.5023
Jul ’24US$325.00
US$387.74
+19.3%
10.0%US$470.00US$305.00US$459.0023
Jun ’24US$317.00
US$390.78
+23.3%
9.1%US$470.00US$330.00US$452.5023
May ’24US$342.00
US$390.52
+14.2%
9.2%US$470.00US$330.00US$428.0023
Apr ’24US$324.65
US$397.85
+22.5%
11.3%US$495.00US$330.00US$418.0023
Mar ’24US$348.85
US$399.94
+14.6%
11.0%US$495.00US$330.00US$388.0023
Feb ’24US$362.90
US$395.25
+8.9%
10.5%US$495.00US$330.00US$381.0023
Jan ’24US$342.20
US$393.79
+15.1%
11.3%US$492.00US$300.00US$387.0025
Dec ’23US$381.65
US$391.47
+2.6%
12.1%US$512.00US$300.00US$344.0025

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 08:32
End of Day Share Price 2024/12/24 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

The Goldman Sachs Group, Inc. is covered by 53 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Stephen BiggarArgus Research Company
Jason GoldbergBarclays
Jason GoldbergBarclays