The Goldmanchs Group (UKEX:GS) Cyclically Adjusted PB Ratio: 2.67 (As of Jul. 09, 2026) — 84% Above Median


UKEX:GS The Goldman Sachs Group Inc UKEX:GS
69 GF Score
Price ₴13,081.00
GF Value ₴8,789.31
! 8 Warning Signs
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What is The Goldmanchs Group Cyclically Adjusted PB Ratio?

The Goldmanchs Group UKEX:GS 69 Cyclically Adjusted PB Ratio is 2.67 as of Jul. 09, 2026, which is 84% above its 10-year median of 1.45. GuruFocus rates UKEX:GS with a GF Score™ of 69/100 and a GF Value™ of ₴8,789.31. The stock has 8 warning signs investors should review. Among 639 Capital Markets companies, The Goldmanchs Group ranks worse than 75.74% on this metric.

As of today (2026-07-09), The Goldmanchs Group's current share price is ₴13081.00. The Goldmanchs Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₴4,902.19. The Goldmanchs Group's Cyclically Adjusted PB Ratio for today is 2.67.

The historical rank and industry rank for The Goldmanchs Group's Cyclically Adjusted PB Ratio or its related term are showing as below:

UKEX:GS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.75   Med: 1.45   Max: 3.46
Current: 3.25

During the past years, The Goldmanchs Group's highest Cyclically Adjusted PB Ratio was 3.46. The lowest was 0.75. And the median was 1.45.

UKEX:GS's Cyclically Adjusted PB Ratio is ranked worse than
75.74% of 639 companies
in the Capital Markets industry
Industry Median: 1.33 vs UKEX:GS: 3.25

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

The Goldmanchs Group's adjusted book value per share data for the three months ended in Mar. 2026 was ₴16,450.699. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is ₴4,902.19 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


The Goldmanchs Group  (UKEX:GS) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


The Goldmanchs Group Cyclically Adjusted PB Ratio Related Terms


The Goldmanchs Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for The Goldmanchs Group's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The Goldmanchs Group Cyclically Adjusted PB Ratio Chart

The Goldmanchs Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.73 1.38 1.44 1.99 2.85

The Goldmanchs Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.85 2.35 2.60 2.85 2.67

UKEX:GS vs MS, SCHW, HOOD: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, The Goldmanchs Group's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


The Goldmanchs Group Cyclically Adjusted PB Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, The Goldmanchs Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where The Goldmanchs Group's Cyclically Adjusted PB Ratio falls into.


UKEX:GS
69GF Score
The Goldman Sachs Group Inc UKEX:GS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Goldmanchs Group Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

The Goldmanchs Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=13081.00/4902.19
=2.67

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The Goldmanchs Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, The Goldmanchs Group's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=16450.699/330.2130*330.2130
=16,450.699

Current CPI (Mar. 2026) = 330.2130.

The Goldmanchs Group Quarterly Data

Book Value per Share CPI Adj_Book
201606 8,228.813 241.018 11,274.100
201609 8,447.260 241.428 11,553.735
201612 8,564.272 241.432 11,713.584
201703 8,520.115 243.801 11,539.956
201706 8,636.811 244.955 11,642.903
201709 8,799.567 246.819 11,772.722
201712 8,343.314 246.524 11,175.669
201803 8,512.915 249.554 11,264.396
201806 8,864.070 251.989 11,615.710
201809 9,005.731 252.439 11,780.309
201812 9,541.629 251.233 12,541.226
201903 9,577.523 254.202 12,441.376
201906 9,819.346 256.143 12,658.850
201909 10,041.772 256.759 12,914.537
201912 10,112.228 256.974 12,994.268
202003 10,487.873 258.115 13,417.399
202006 10,181.945 257.797 13,042.086
202009 10,516.341 260.280 13,341.911
202012 10,939.536 260.474 13,868.474
202103 11,558.130 264.877 14,409.121
202106 12,208.745 271.696 14,838.225
202109 12,784.564 274.310 15,389.994
202112 13,214.754 278.802 15,651.550
202203 13,524.097 287.504 15,533.115
202206 13,922.705 296.311 15,515.651
202209 14,226.033 296.808 15,827.138
202212 14,125.062 296.797 15,715.385
202303 14,254.118 301.836 15,594.214
202306 14,206.954 305.109 15,375.885
202309 14,428.585 307.789 15,479.781
202312 14,521.552 306.746 15,632.495
202403 14,717.959 312.332 15,560.562
202406 14,994.490 314.175 15,759.928
202409 15,263.512 315.301 15,985.392
202412 15,551.131 315.605 16,270.926
202503 15,762.393 319.799 16,275.683
202506 15,981.147 322.561 16,360.262
202509 16,171.597 324.800 16,441.107
202512 16,455.993 324.054 16,768.757
202603 16,450.699 330.213 16,450.699

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 2.67 mean?
The Goldmanchs Group (UKEX:GS) has a Cyclically Adjusted PB Ratio of 2.67 as of Jul. 09, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on The Goldmanchs Group and its competitors. This is 84% above median its historical median of 1.45. Over the past decade, The Goldmanchs Group's Cyclically Adjusted PB Ratio has ranged from 0.75 to 3.46. According to the industry distribution chart, The Goldmanchs Group ranks #484 out of 639 companies in the Capital Markets industry, placing it in the top 75.7%.
Is The Goldmanchs Group's Cyclically Adjusted PB Ratio too high?
The Goldmanchs Group's current Cyclically Adjusted PB Ratio of 2.67 is 84% above median its 10-year median of 1.45. Over the past 10 years, this metric has ranged from a low of 0.75 to a high of 3.46. The Capital Markets industry median Cyclically Adjusted PB Ratio is 1.33. The Goldmanchs Group's value of 2.67 is 100.8% above this industry median. Based on the distribution chart, The Goldmanchs Group ranks #484 out of 639 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, The Goldmanchs Group has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does The Goldmanchs Group's Cyclically Adjusted PB Ratio compare to MS and SCHW?
According to the Capital Markets industry distribution chart, The Goldmanchs Group ranks #484 out of 639 companies for Cyclically Adjusted PB Ratio. This places The Goldmanchs Group in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.33. The Goldmanchs Group's value of 2.67 is 100.8% above this benchmark. Historically, The Goldmanchs Group's own Cyclically Adjusted PB Ratio has ranged from 0.75 to 3.46 over the past decade. While the company's 10-year median is 1.45 vs. the industry median of 1.33, The Goldmanchs Group has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Capital Markets company?
The median Cyclically Adjusted PB Ratio among Capital Markets companies is 1.33, based on 639 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. The Goldmanchs Group's current Cyclically Adjusted PB Ratio of 2.67 is 100.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on The Goldmanchs Group and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PB Ratio is 1.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Goldmanchs Group's current Cyclically Adjusted PB Ratio is 2.67, which is 84% above median its own 10-year median of 1.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Goldmanchs Group stock overvalued right now?
The Goldmanchs Group (UKEX:GS) has a current Cyclically Adjusted PB Ratio of 2.67. The stock's GF Value™ is ₴8,789.31, compared to a current price of ₴13,081.00 — trading 48.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.67, which is 84% above median its 10-year median of 1.45 and 100.8% above the Capital Markets industry median of 1.33. The Goldmanchs Group's overall GF Score™ is 69/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For The Goldmanchs Group (UKEX:GS), the current Cyclically Adjusted PB Ratio is 2.67 as of Jul. 09, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is The Goldmanchs Group (UKEX:GS) Overvalued in 2026?

Based on GuruFocus' analysis, The Goldmanchs Group stock appears to be overvalued. The current stock price of ₴13,081.00 is trading 48.8% above its estimated GF Value™ of ₴8,789.31.

Key valuation signals for UKEX:GS:

  • Cyclically Adjusted PB Ratio: 2.67 (84% above median its 10-year median of 1.45)
  • GF Value™: ₴8,789.31 vs. price of ₴13,081.00 (48.8% above fair value)
  • GF Score™: 69/100 with 8 warning signs
  • Industry Position: 100.8% above the Capital Markets median (#484 of 639)

No single metric tells the full story. See the UKEX:GS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


The Goldmanchs Group Business Description

Address 200 West Street, New York, NY, USA, 10282
Goldman Sachs is a storied financial institution, founded in 1869 and best known for its role as a leading global investment bank. The firm has a sprawling reach across global financial centers and has been the leading provider of global merger and acquisition advisory services, by revenue, for the past 20 years. Since the global financial crisis, Goldman has expanded its offerings into more stable fee-based businesses like asset and wealth management, which comprised roughly 30% of post-provision revenue at the end of 2025. The firm generates revenue from investment banking, global market making and trading, lending, asset management, wealth management, and a small and declining portfolio of consumer credit card loans.
69GF Score

Get the complete analysis for UKEX:GS

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₴13,081.00
Price
₴8,789.31
GF Value