The Goldman Sachs Group, Inc. (GS) 股票估值 — PE 分析
Financial - Capital Markets · NYSE
目前價格
$1022.67
PE Ratio (TTM)
18.4x
內在價值
$1,582.58
安全邊際 +35.4%
競爭護城河
↑品牌聲譽卓著
高盛作為全球頂級投資銀行，其品牌聲譽是無價資產。這吸引了最優質的客戶和人才，並在複雜的金融交易中建立信任。
↑深厚客戶關係
公司與全球企業、政府及高淨值人士建立了長期穩固的合作關係。這些關係帶來了持續的業務機會和市場洞察。
↑數據與科技投資
對AI及數據基礎設施的戰略投資，如對Hightouch和BLP Digital的注資，顯示其致力於提升營運效率和客戶服務能力，鞏固未來競爭力。
投資風險
↓市場波動風險
金融市場的劇烈波動可能影響其交易收入和資產價值。近期M&A和IPO活動的上升雖有利，但市場情緒轉變可能迅速逆轉。
↓信貸市場風險
在槓桿融資領域面臨執行和銀團風險，如Sevita貸款的暫停，顯示信貸市場條件變化可能影響其融資業務的順利進行。
↓監管與合規壓力
作為大型金融機構，高盛面臨嚴格的監管審查和不斷變化的合規要求，這可能增加營運成本和限制業務發展。
基準情形
GS 基準情形 PE 估值
GS 的基準情形 PE 估值估算每股公允價值約為 $1,582.58,目前股價為 $1,022.67。該模型假設盈餘年增長率 14.7%、目標 P/E 倍數 17x、折現率 10%。
內在價值
$1,582.58
安全邊際
+35.4%
預期年化報酬
+9.1%
基準情形假設:盈餘年增長率 14.7%、目標 P/E 倍數 17x、折現率 10%、預測 5 年。資料截至 2026-06-29。
本基準情形採用預設假設,不構成投資建議。當目標 PE 或盈餘增長率變化時,公允價值會顯著改變。開啟計算器可設定你自己的假設,並查看完整的敏感度區間。
公司簡介
The Goldman Sachs Group, Inc. (GS) operates as a prominent global financial services firm, offering an extensive array of services to corporations, financial institutions, governmental bodies, and individuals worldwide. The company's operations are organized into four primary divisions: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment furnishes strategic advisory services covering intricate transactions such as mergers, acquisitions, divestitures, corporate defense strategies, restructurings, and spin-offs. It also extends various lending facilities, including middle-market, relationship, and acquisition financing, in addition to transaction banking services. This division further specializes in underwriting, assisting clients with equity offerings for common, preferred, and convertible securities, as well as debt offerings encompassing investment-grade, high-yield, bank/bridge loans, and emerging market debt instruments, alongside the creation of structured securities. Within its Global Markets division, Goldman Sachs engages in client execution activities for both cash and derivative instruments, provides solutions for credit and interest rate products, and offers comprehensive equity intermediation, financing, clearing, settlement, and custody services. This segment also transacts in products linked to mortgages, foreign exchange, commodities, and equities. The Asset Management segment is responsible for managing assets across a diverse spectrum of classes, including equities, fixed income, hedge funds, credit funds, private equity, real estate, currencies, and commodities. It delivers tailored investment advisory solutions and makes direct investments in corporate entities, real estate ventures, and infrastructure projects. The Consumer & Wealth Management segment provides individual clients with wealth advisory and banking services. These include financial planning, investment management, deposit-taking, and lending. It also offers private banking services, unsecured loans, and accepts savings and time deposits. Founded in 1869, the company's corporate headquarters are located in New York, New York.
財務指標 — GS PE 估值資料
PE Ratio (TTM)
18.4x
PEG Ratio
0.68
Earnings Yield
5.82%
ROE (TTM)
14.6%
Revenue/Share (TTM)
$364.63
Dividend Yield
1.66%
Debt/Equity
6.10x
常見問題
GS 的市盈率是多少？
GS 的過去 12 個月市盈率反映投資者為 The Goldman Sachs Group, Inc. 每一美元收益所支付的價格。該指標在與Financial - Capital Markets同類公司和公司自身歷史區間對比時最有意義。
基於市盈率，GS 被高估了嗎？
GS 的市盈率 18.4x 結合 PEG 比率 0.68 提供了增長調整後的視角。PEG 低於 1.0 表明 GS 相對於盈利增速可能被低估。注意 PE 估值最適合盈利穩定的成熟公司——對於高增長或週期性Financial - Capital Markets，DCF 分析可能更合適。
如何使用市盈率對 GS 進行估值？
對 The Goldman Sachs Group, Inc. 使用 PE 估值的步驟：(1) 將目前市盈率 (18.4x)與Financial - Capital Markets中位數對比評估相對定價，(2) 查看 PEG 比率 (0.68)以調整增長預期，(3) 參考 5 年 PE 歷史區間判斷目前位置，(4) 用目標 PE 乘以前瞻 EPS 估算公允價值。這種相對估值方法與 DCF 的絕對估值互為補充。
GS 的 PEG 比率是多少？
GS 的 PEG 比率為 0.68，由市盈率（18.4x）除以預期盈利增速計算。PEG 低於 1.0 傳統上被認為是低估的訊號——市場可能未充分定價增長潛力。注意 PEG 的準確性取決於增長預期的可靠性。
對 GS 應該使用 PE 還是 DCF 估值？
PE 市盈率給出快速的相對定價——GS 相對於Financial - Capital Markets同類的估值水平。DCF 基於預期自由現金流提供絕對價值。建議用 PE 做快速篩選，用 DCF 做深度分析。兩種方法各有盲區：PE 忽略了資本結構和現金流質量，DCF 則對增長率和折現率假設非常敏感。
了解更多
- 查看 GS DCF 估值 → — 透過折現現金流分析計算內在價值
- PE 方法論 — PE 市盈率估值分步指南
- DCF 方法論 — 折現現金流分析指南
- PE 市盈率 — 理解市盈率
- 內在價值 — 如何評估股票公允價值
相關 PE 估值
查看全部 Financial Services 估值本益比與 DCF 使用不同的方法和假設為 GS 估值，因此兩者的結論可能不同。可對比 DCF 內在價值。
價格截至 2026-06-29。 財務數據來自 Financial Modeling Prep（過去 12 個月）· 估值方法論由 Charlie Wang 提供。
這是估計值，不構成投資建議。