The Goldman Sachs Group, Inc.GS

Where GS's P/B sits inside its own 10-year distribution, with the yearly high, low and average.

$1,036.53-2.08 (-0.20%)Previous close
NYSEFinancial Services

GS P/B: current value, 10-year range and year-by-year history

2.6Near historic high

GS's p/b is higher than 95% of the last 10 years.

P/B History

Historically priceyAbove avgAround avgBelow avgHistorically cheap
GS P/B historyGS P/B from Sep 2023 to Sep 2026: low 0.85, high 2.86, latest 2.57.0.691.271.862.443.02Sep 23Apr 24Nov 24Jun 25Feb 26Sep 26med 1.6

GS P/B by year

Yearly range of GS’s p/b from 2016 to 2026. Over the full period it ranged from 0.5 to 2.9, averaging 1.2.

GS P/B — yearly low, average, high and year-end values
YearLowAverageHighYear-end
20262.02.42.92.6
20251.21.72.22.2
20241.11.31.71.5
20230.91.01.11.1
20220.91.01.31.0
20211.01.31.51.2
20200.50.81.01.0
20190.70.90.90.9
20180.71.11.30.7
20171.01.11.21.2
20160.81.01.21.2

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How much the market pays relative to the company's accounting net worth (assets minus liabilities). P/B < 1 means the market values the company below what the books say it owns.

FormulaPrice / Book Value Per Share
Full guide
How to read this chart

Most useful for asset-heavy businesses: banks, insurers, REITs. A P/B near its historical low suggests the market is paying unusually little for the net assets.

Key caveats
  • Goodwill and intangibles from acquisitions can inflate book value significantly — some analysts prefer tangible book value.
  • Low P/B in technology or software companies is usually irrelevant: their value is in IP and people, not balance sheet assets.

Is GS P/B High or Low Right Now?

The Goldman Sachs Group, Inc.'s P/B is currently 2.6, which is near historic high relative to its 10-year historical range. The 10-year median P/B for GS is approximately 1.1. See all GS valuation metrics →

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