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GS (The Goldmanchs Group) Cyclically Adjusted Price-to-FCF : (As of Jul. 01, 2025)


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What is The Goldmanchs Group Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


The Goldmanchs Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for The Goldmanchs Group's Cyclically Adjusted Price-to-FCF 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.

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The Goldmanchs Group Cyclically Adjusted Price-to-FCF Chart

The Goldmanchs Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
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The Goldmanchs Group Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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Competitive Comparison of The Goldmanchs Group's Cyclically Adjusted Price-to-FCF

For the Capital Markets subindustry, The Goldmanchs Group's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

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

* The bar in red indicates where The Goldmanchs Group's Cyclically Adjusted Price-to-FCF falls into.


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The Goldmanchs Group Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF 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 Price-to-FCF.

The Goldmanchs Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, The Goldmanchs Group's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-116.268/134.9266*134.9266
=-116.268

Current CPI (Mar. 2025) = 134.9266.

The Goldmanchs Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -17.842 100.684 -23.910
201509 1.664 100.392 2.236
201512 19.232 99.792 26.003
201603 -6.962 100.470 -9.350
201606 21.437 101.688 28.444
201609 -12.548 101.861 -16.621
201612 6.432 101.863 8.520
201703 -10.062 102.862 -13.199
201706 -27.559 103.349 -35.979
201709 4.989 104.136 6.464
201712 -25.365 104.011 -32.904
201803 -6.417 105.290 -8.223
201806 16.327 106.317 20.721
201809 -19.232 106.507 -24.364
201812 31.803 105.998 40.483
201903 -121.590 107.251 -152.966
201906 17.437 108.070 21.770
201909 20.158 108.329 25.107
201912 130.063 108.420 161.861
202003 -154.733 108.902 -191.711
202006 -35.738 108.767 -44.333
202009 94.298 109.815 115.861
202012 27.143 109.897 33.325
202103 -17.997 111.754 -21.729
202106 53.691 114.631 63.197
202109 -113.430 115.734 -132.240
202112 82.709 117.630 94.871
202203 -57.564 121.301 -64.030
202206 123.004 125.017 132.754
202209 41.815 125.227 45.054
202212 -95.109 125.222 -102.480
202303 25.070 127.348 26.562
202306 89.963 128.729 94.294
202309 -75.723 129.860 -78.678
202312 -84.762 129.419 -88.369
202403 -84.050 131.776 -86.059
202406 16.626 132.554 16.924
202409 -116.463 133.029 -118.124
202412 140.578 133.157 142.446
202503 -116.268 134.927 -116.268

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF 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.


The Goldmanchs Group  (NYSE:GS) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow 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 Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


The Goldmanchs Group Cyclically Adjusted Price-to-FCF Related Terms

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The Goldmanchs Group Business Description

Address
200 West Street, New York, NY, USA, 10282
Goldman Sachs is a leading global investment banking and asset management firm. Approximately 14% of its revenue comes from investment banking, 42% from trading, 20% from asset & wealth management, 15% from net interest income, and 9% from other principal transactions. Around 64% of the company's net revenue is generated in the Americas, 13% in Asia, and 23% in Europe, the Middle East, and Africa.
Executives
David M Solomon officer: President and Co-COO C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282
Kathryn H. Ruemmler officer: EVP, Chief Legal Officer, GC 200 WEST STREET, NEW YORK NY 10282
Sheara J Fredman officer: Chief Accounting Officer C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282
Kevin R Johnson director 2401 UTAH AVE. S, SUITE 800, SEATTLE WA 98134
David A Viniar officer: Executive VP - CFO C/O GOLDMAN SACHS GROUP INC, 200 WEST STREET, NEW YORK NY 10282
Thomas K. Montag director C/O MERRILL LYNCH & CO., INC., 4 WORLD FINANCIAL CENTER, NEW YORK NY 10038
Rogers John F.w. officer: EVP-Chief of Staff & Secretary C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282
Denis P. Coleman officer: Chief Financial Officer 200 WEST STREET, NEW YORK NY 10282
Brian J Lee officer: Principal Accounting Officer C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282
Mark A. Flaherty director C/O GOLDMAN, SACHS & CO., 200 WEST STREET, NEW YORK NY 10282
Philip R. Berlinski officer: Global Treasurer 200 WEST STREET, NEW YORK NY 10282
Ericka T Leslie officer: Chief Administrative Officer 200 WEST STREET, NEW YORK NY 10282
John E. Waldron officer: President and COO C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282
Laurence Stein officer: Chief Administrative Officer C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282
Stephen M Scherr officer: Executive Vice President - CFO C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282