Goldman Z Score
GS   USA Stock  USD 341.03 1.65 0.48% 
Goldman Z Score  Goldman Z Score 
Goldman Z Score Analysis
Goldman Sachs' ZScore is a simple linear, multifactor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..2019  2020  2021  2022 (projected)  
PPandE Turnover  2.68  2.37  2.72  3.56 
Calculated Tax Rate  20.0  24.2  27.83  32.55 
Z Score  =  Sum Of   5 Factors 
 
 
 
 

Goldman Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Goldman Sachs is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since Goldman Sachs' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Goldman Sachs' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Goldman Sachs' interrelated accounts and indicators.
0.14  0.22  0.16  0.31  0.17  0.14  
0.14  0.95  0.33  0.89  0.82  1.0  
0.22  0.95  0.33  0.87  0.79  0.95  
0.16  0.33  0.33  0.01  0.23  0.37  
0.31  0.89  0.87  0.01  0.95  0.87  
0.17  0.82  0.79  0.23  0.95  0.79  
0.14  1.0  0.95  0.37  0.87  0.79 
Click cells to compare fundamentals
To calculate ZScore one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. ZScore can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with ZScores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a socalled 'grey area' with scores of less than 1, indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Compare to competition 
According to the company's disclosures, Goldman Sachs Group has a Z Score of 0.0. This is 100.0% lower than that of the Financial Services sector and 100.0% lower than that of the Capital Markets industry. The z score for all United States stocks is 100.0% higher than that of the company.
Goldman Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Goldman Sachs' direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Goldman Sachs could also be used in its relative valuation, which is a method of valuing Goldman Sachs by comparing valuation metrics of similar companies.Goldman Sachs is currently under evaluation in z score category among related companies.
Goldman Sachs Current Valuation Drivers
We derive many important indicators used in calculating different scores of Goldman Sachs from analyzing Goldman Sachs' financial statements. These drivers represent accounts that assess Goldman Sachs' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Goldman Sachs' important valuation drivers and their relationship over time.
2017  2018  2019  2020  2021  2022 (projected)  
Net Income Per Employee  117.1 K  285.76 K  221.04 K  232.92 K  209.62 K  199.43 K  
Revenue Per Employee  1.15 M  1.44 M  1.41 M  1.32 M  1.19 M  1.14 M  
Average Assets  911.87 B  957.78 B  967.63 B  1,131.59 B  1,301.33 B  1,229.41 B  
Earnings Before Interest Taxes and Depreciation Amortization EBITDA  12.28 B  13.81 B  12.29 B  14.38 B  16.54 B  15.74 B  
Earnings Before Interest Taxes and Depreciation Amortization USD  12.28 B  13.81 B  12.29 B  14.38 B  16.54 B  15.74 B  
Earnings before Tax  11.13 B  12.48 B  10.58 B  12.48 B  14.35 B  13.76 B  
Average Equity  85.53 B  86.78 B  90.86 B  92.75 B  106.66 B  104.4 B  
Enterprise Value  473.73 B  456.06 B  512.37 B  505.19 B  454.67 B  438.77 B  
Free Cash Flow  (23.1 B)  12.29 B  22.06 B  (17.07 B)  (15.36 B)  (15.76 B)  
Invested Capital  1,307.56 B  1,286.76 B  1,375.64 B  1,601.21 B  1,841.39 B  1,737.57 B  
Invested Capital Average  1,284.11 B  1,346.06 B  1,365.84 B  1,561.69 B  1,795.94 B  1,720.76 B  
Market Capitalization  96.1 B  62.14 B  81.42 B  90.73 B  104.34 B  99.6 B  
Tangible Asset Value  916.78 B  931.8 B  992.97 B  1,163.03 B  1,337.48 B  1,245.56 B 
Goldman Sachs Institutional Holders
Institutional Holdings refers to the ownership stake in Goldman Sachs that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Goldman Sachs' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in highprofile magazines, and presentations at investor conferences help move the stock higher, increasing Goldman Sachs' value.Security Type  Shares  Value  
Greenhaven Associates Inc  Common Shares  2 M  774.7 M  
New York State Teachers Retirement System  Common Shares  418.7 K  160.2 M  
Dnb Asset Management As  Common Shares  307.4 K  117.6 M  
Railway Pension Investments Ltd  Common Shares  248.9 K  95.2 M  
Strs Ohio  Common Shares  238.1 K  91.1 M  
Russell Investments Group Ltd  Common Shares  222.8 K  85.3 M  
Royal London Asset Management Ltd  Common Shares  203.1 K  77.7 M 
Goldman Fundamentals
Return On Equity  21.96 %  
Return On Asset  1.72 %  
Profit Margin  38.20 %  
Current Valuation  (226.09 B)  
Shares Outstanding  333.58 M  
Shares Owned by Insiders  0.53 %  
Shares Owned by Institutions  73.37 %  
Number of Shares Shorted  4.11 M  
Price to Earning  5.67 X  
Price to Book  1.25 X  
Price to Sales  1.97 X  
Revenue  58.13 B  
Gross Profit  35.97 B  
EBITDA  9.94 B  
Net Income  21.67 B  
Cash and Equivalents  937.81 B  
Total Debt  576.12 B  
Debt to Equity  5.34 %  
Current Ratio  1.72 X  
Book Value Per Share  275.26 X  
Cash Flow from Operations  (7.96 B)  
Short Ratio  1.61 X  
Earnings Per Share  60.63 X  
Price to Earnings To Growth  0.39 X  
Number of Employees  43 K  
Beta  1.5  
Market Capitalization  114.72 B  
Total Asset  861.39 B  
Retained Earnings  100.93 B  
Five Year Return  1.62 %  
Last Dividend Paid  8.0 
About Goldman Sachs Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Goldman Sachs Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Goldman Sachs using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Goldman Sachs Group based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.The Goldman Sachs Group, Inc., a financial institution, provides range of financial services for corporations, financial institutions, governments, and individuals worldwide. The company was founded in 1869 and is headquartered in New York, New York. Goldman Sachs operates under Capital Markets classification in the United States and is traded on New York Stock Exchange. It employs 43000 people.
Goldman Sachs Investors Sentiment
The influence of Goldman Sachs' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decisionmaking process regarding taking a position in Goldman. The overall investor sentiment generally increases the direction of a stock movement in a oneyear investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.Goldman Sachs Implied Volatility  59.41 
Goldman Sachs' implied volatility exposes the market's sentiment of Goldman Sachs Group stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Goldman Sachs' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Goldman Sachs stock will not fluctuate a lot when Goldman Sachs' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Goldman Sachs in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Goldman Sachs' short interest history, or implied volatility extrapolated from Goldman Sachs options trading.
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Please check Goldman Sachs Piotroski F Score and Goldman Sachs Valuation analysis. Note that the Goldman Sachs Group information on this page should be used as a complementary analysis to other Goldman Sachs' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Efficient Frontier module to plot and analyze your portfolio and positions against riskreturn landscape of the market..
Complementary Tools for Goldman Stock analysis
When running Goldman Sachs Group price analysis, check to measure Goldman Sachs' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Goldman Sachs is operating at the current time. Most of Goldman Sachs' value examination focuses on studying past and present price action to predict the probability of Goldman Sachs' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Goldman Sachs' price. Additionally, you may evaluate how the addition of Goldman Sachs to your portfolios can decrease your overall portfolio volatility.
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The market value of Goldman Sachs Group is measured differently than its book value, which is the value of Goldman that is recorded on the company's balance sheet. Investors also form their own opinion of Goldman Sachs' value that differs from its market value or its book value, called intrinsic value, which is Goldman Sachs' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Goldman Sachs' market value can be influenced by many factors that don't directly affect Goldman Sachs' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Goldman Sachs' value and its price as these two are different measures arrived at by different means. Investors typically determine Goldman Sachs value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Goldman Sachs' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.