The Goldman Sachs Group, Inc.

BMV:GS * Stock Report

Market Cap: Mex$3.9t

Goldman Sachs Group Valuation

Is GS * 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 GS * when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GS * (MX$11696.31) is trading above our estimate of fair value (MX$6098.6)

Significantly Below Fair Value: GS * is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GS *?

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

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

Price to Earnings Ratio vs Peers

How does GS *'s PE Ratio compare to its peers?

The above table shows the PE ratio for GS * vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.5x
MS Morgan Stanley
19.3x9.1%US$204.7b
ACTINVR B Corporación Actinver S. A. B. de C. V
7.3x12.3%Mex$9.3b
SCHW Charles Schwab
29.2x19.4%US$137.0b
VALUEGF O Value Grupo Financiero. de
22.1xn/aMex$14.9b
GS * Goldman Sachs Group
16.8x10.8%Mex$191.9b

Price-To-Earnings vs Peers: GS * is good value based on its Price-To-Earnings Ratio (16.8x) compared to the peer average (19.5x).

Price to Earnings Ratio vs Industry

How does GS *'s PE Ratio compare vs other companies in the South American Capital Markets Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies8PE0612182430+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: GS * is expensive based on its Price-To-Earnings Ratio (16.8x) compared to the South American Capital Markets industry average (9.6x).

Price to Earnings Ratio vs Fair Ratio

What is GS *'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.

GS * PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.8x
Fair PE Ratio16.9x

Price-To-Earnings vs Fair Ratio: GS * is good value based on its Price-To-Earnings Ratio (16.8x) compared to the estimated Fair Price-To-Earnings Ratio (16.9x).

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 GS * forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentMex$11,696.31
Mex$12,154.44
+3.9%
11.2%Mex$14,774.02Mex$9,033.03n/a20
Dec ’25Mex$12,475.00
Mex$11,835.77
-5.1%
9.8%Mex$13,812.50Mex$9,140.63n/a19
Nov ’25Mex$10,550.00
Mex$10,867.50
+3.0%
8.4%Mex$12,207.55Mex$8,946.90n/a20
Oct ’25Mex$9,710.00
Mex$10,231.85
+5.4%
7.1%Mex$11,241.85Mex$8,859.60n/a20
Sep ’25Mex$10,031.96
Mex$10,210.99
+1.8%
8.1%Mex$11,324.47Mex$8,408.67n/a21
Aug ’25Mex$9,437.00
Mex$9,655.91
+2.3%
8.2%Mex$10,706.94Mex$7,950.13n/a20
Jul ’25Mex$8,398.47
Mex$8,318.61
-1.0%
9.2%Mex$9,605.14Mex$6,586.38n/a22
Jun ’25Mex$7,636.00
Mex$7,548.19
-1.1%
9.3%Mex$8,751.44Mex$6,000.98n/a22
May ’25Mex$7,321.51
Mex$7,602.73
+3.8%
9.4%Mex$8,854.56Mex$6,080.01n/a22
Apr ’25Mex$6,910.75
Mex$6,948.92
+0.6%
8.3%Mex$8,168.22Mex$5,881.78n/a22
Mar ’25Mex$6,600.00
Mex$7,091.32
+7.4%
9.4%Mex$8,661.71Mex$6,076.89n/a23
Feb ’25Mex$6,585.00
Mex$7,106.82
+7.9%
10.1%Mex$8,682.30Mex$5,576.58n/a22
Jan ’25Mex$6,496.13
Mex$6,508.32
+0.2%
11.2%Mex$8,171.52Mex$5,181.52n/a24
Dec ’24Mex$5,965.00
Mex$6,480.40
+8.6%
10.9%Mex$8,048.20Mex$5,245.09Mex$12,475.0024
Nov ’24Mex$5,467.96
Mex$6,869.19
+25.6%
10.0%Mex$8,119.35Mex$5,540.05Mex$10,550.0023
Oct ’24Mex$5,699.10
Mex$6,737.51
+18.2%
9.1%Mex$7,889.27Mex$5,347.17Mex$9,710.0023
Sep ’24Mex$5,600.00
Mex$6,599.47
+17.8%
9.4%Mex$7,879.09Mex$5,212.85Mex$10,031.9623
Aug ’24Mex$5,990.53
Mex$6,533.20
+9.1%
9.8%Mex$8,144.01Mex$5,142.70Mex$9,437.0023
Jul ’24Mex$5,559.50
Mex$6,642.20
+19.5%
10.0%Mex$8,051.38Mex$5,224.83Mex$8,398.4723
Jun ’24Mex$5,597.91
Mex$6,972.07
+24.5%
9.1%Mex$8,385.41Mex$5,887.63Mex$7,636.0023
May ’24Mex$6,169.20
Mex$7,045.17
+14.2%
9.2%Mex$8,478.99Mex$5,953.33Mex$7,321.5123
Apr ’24Mex$5,880.20
Mex$7,338.98
+24.8%
11.3%Mex$9,130.97Mex$6,087.31Mex$6,910.7523
Mar ’24Mex$6,281.00
Mex$7,240.10
+15.3%
11.0%Mex$8,960.94Mex$5,973.96Mex$6,600.0023
Feb ’24Mex$6,862.76
Mex$7,442.31
+8.4%
10.5%Mex$9,320.60Mex$6,213.74Mex$6,585.0023
Jan ’24Mex$6,665.00
Mex$7,652.72
+14.8%
11.3%Mex$9,561.33Mex$5,830.08Mex$6,496.1325
Dec ’23Mex$7,347.25
Mex$7,529.68
+2.5%
12.1%Mex$9,848.01Mex$5,770.32Mex$5,965.0025

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 09:58
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