GS EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
GS's ev/ebitda is right around its 10-year median of 27.5.
EV/EBITDA History
GS EV/EBITDA by year
Yearly range of GS’s ev/ebitda from 2016 to 2026. Over the full period it ranged from 11.7 to 37.3, averaging 26.3.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 27.2 | 30.4 | 34.3 | 27.7 |
| 2025 | 28.1 | 30.9 | 33.5 | 30.1 |
| 2024 | 29.5 | 32.2 | 36.5 | 30.0 |
| 2023 | 18.9 | 24.9 | 29.0 | 29.0 |
| 2022 | 11.7 | 14.1 | 16.9 | 16.1 |
| 2021 | 12.4 | 17.8 | 27.2 | 12.4 |
| 2020 | 25.1 | 31.0 | 35.5 | 25.1 |
| 2019 | 21.7 | 26.6 | 31.0 | 28.1 |
| 2018 | 21.6 | 26.7 | 30.2 | 21.6 |
| 2017 | 25.5 | 26.9 | 28.5 | 28.3 |
| 2016 | 33.4 | 35.6 | 37.3 | 37.1 |
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An acquisition-style valuation multiple: Enterprise Value (market cap + net debt) divided by operating earnings before accounting adjustments. Compares companies fairly regardless of their capital structure.
(Market Cap + Net Debt) / EBITDAUnlike P/E, this metric accounts for debt — two companies with identical operations but different leverage will show similar EV/EBITDA. Low vs history suggests the total business is modestly priced.
- EBITDA ignores capital expenditure. For asset-heavy businesses (airlines, mining, utilities), this understates the real cost — use EV/EBIT or EV/FCF instead.
- Large acquisitions temporarily spike net debt and can distort the ratio for 1–2 years during integration.
Is GS EV/EBITDA High or Low Right Now?
The Goldman Sachs Group, Inc.'s EV/EBITDA is currently 27.7, which is around average relative to its 10-year historical range. The 10-year median EV/EBITDA for GS is approximately 27.5. See all GS valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.