PE 估值›Financial Services›GS

The Goldman Sachs Group, Inc. (GS) 股票估值 — PE 分析

Financial - Capital Markets · NYSE

当前价格

$980.75

市盈率（TTM）

14.9x

内在价值

$1,052.04

安全边际 +6.8%

AI 护城河与风险分析

AI 生成 · 仅供参考GS

竞争护城河

↑品牌声誉

高盛作为全球顶级投资银行的品牌声誉，为其吸引顶尖人才、优质客户和优质交易提供了强大优势。这种声誉是多年卓越服务和市场领导地位积累的结果。

↑客户关系

高盛与全球大型企业、政府和高净值个人建立了深厚且持久的客户关系。这些关系带来了稳定的业务流和高度的客户忠诚度，形成了较高的客户转换成本。

↑信息与网络优势

高盛拥有广泛的市场信息网络和人脉关系，使其能够洞察市场趋势并获得独家交易机会。这种信息优势和网络效应是其在资本市场竞争中的关键壁垒。

投资风险

↓市场波动风险

全球宏观经济的不确定性和市场剧烈波动可能对高盛的交易和投资业务产生负面影响，导致资产价值下降和盈利能力波动。

↓竞争加剧

来自其他大型投资银行和新兴金融科技公司的竞争日益激烈，可能导致佣金和费用下降，并对高盛的市场份额构成压力。

↓信誉风险

任何重大的法律纠纷、合规问题或声誉损害事件都可能严重打击高盛的品牌形象和客户信任，从而影响其业务发展。

做一次完整评估 →追踪这只股票

基准情形

GS 基准情形 PE 估值

GS 的基准情形 PE 估值估算每股公允价值约为 $1,052.04，当前股价为 $980.75。该模型假设盈利年增长率 4.4%、目标 P/E 倍数 14x、折现率 10%。

内在价值

$1,052.04

安全边际

+6.8%

预期年化收益

+1.4%

基准情形假设：盈利年增长率 4.4%、目标 P/E 倍数 14x、折现率 10%、预测 5 年。数据截至 2026-07-29。

本基准情形采用默认假设，不构成投资建议。当目标 PE 或盈利增长率变化时，公允价值会显著改变。打开计算器可设置你自己的假设，并查看完整的敏感性区间。

自定义 GS PE 估值

调节目标 PE、盈利增长和折现率，查看 The Goldman Sachs Group, Inc. 的公允价值与安全边际如何变化。

打开 GS PE 计算器

或试试 GS DCF 估值 →

公司简介

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.

财务指标 — GS PE 估值数据

市盈率（TTM）

14.9x

PEG 比率

0.35

盈利收益率

7.13%

ROE (TTM)

17.0%

Revenue/Share (TTM)

$392.99

股息率

1.73%

Debt/Equity

6.47x

常见问题

GS 的市盈率是多少？

GS 的过去 12 个月市盈率反映投资者为 The Goldman Sachs Group, Inc. 每一美元收益所支付的价格。该指标在与Financial - Capital Markets同类公司和公司自身历史区间对比时最有意义。

基于市盈率，GS 被高估了吗？

GS 的市盈率 14.9x 结合 PEG 比率 0.35 提供了增长调整后的视角。PEG 低于 1.0 表明市盈率相对于盈利增速偏低。注意 PE 估值最适合盈利稳定的成熟公司——对于高增长或周期性Financial - Capital Markets，DCF 分析可能更合适。

如何使用市盈率对 GS 进行估值？

对 The Goldman Sachs Group, Inc. 使用 PE 估值的步骤：(1) 将当前市盈率 (14.9x)与Financial - Capital Markets中位数对比评估相对定价，(2) 查看 PEG 比率 (0.35)以调整增长预期，(3) 参考 5 年 PE 历史区间判断当前位置，(4) 用目标 PE 乘以前瞻 EPS 估算公允价值。这种相对估值方法与 DCF 的绝对估值互为补充。

GS 的 PEG 比率是多少？

GS 的 PEG 比率为 0.35，由市盈率（14.9x）除以预期盈利增速计算。PEG 低于 1.0 意味着市盈率相对于预期盈利增速偏低。注意 PEG 的准确性取决于增长预期的可靠性。

对 GS 应该使用 PE 还是 DCF 估值？

PE 市盈率给出快速的相对定价——GS 相对于Financial - Capital Markets同类的估值水平。DCF 基于预期自由现金流提供绝对价值。对于 GS，ROE 达到 17.0%，两种方法都值得使用——PE 做市场对比，DCF 验证基本面是否支撑当前价格。两种方法各有盲区：PE 忽略了资本结构和现金流质量，DCF 则对增长率和折现率假设非常敏感。

了解更多

查看 GS DCF 估值 → — 通过折现现金流分析计算内在价值
PE 方法论 — PE 市盈率估值分步指南
DCF 方法论 — 折现现金流分析指南
PE 市盈率 — 理解市盈率
内在价值 — 如何评估股票公允价值