The Goldmanchs Group (FRA:GOS) E10: €30.61 (As of Mar. 2026)


FRA:GOS The Goldman Sachs Group Inc FRA:GOS
69 GF Score
Price €943.80
GF Value €574.76
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is The Goldmanchs Group E10?

The Goldmanchs Group FRA:GOS -2.14% 69 E10 is €30.61 as of Mar. 2026. GuruFocus rates FRA:GOS with a GF Score™ of 69/100 and a GF Value™ of €574.76 (Significantly Overvalued). The stock has 9 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

The Goldmanchs Group's adjusted earnings per share data for the three months ended in Mar. 2026 was €15.181. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €30.61 for the trailing ten years ended in Mar. 2026.

During the past 12 months, The Goldmanchs Group's average E10 Growth Rate was 17.10% per year. During the past 3 years, the average E10 Growth Rate was 9.30% per year. During the past 5 years, the average E10 Growth Rate was 13.10% per year. During the past 10 years, the average E10 Growth Rate was 9.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of The Goldmanchs Group was 18.60% per year. The lowest was -4.80% per year. And the median was 6.80% per year.

As of today (2026-06-25), The Goldmanchs Group's current stock price is €943.80. The Goldmanchs Group's E10 for the quarter that ended in Mar. 2026 was €30.61. The Goldmanchs Group's Shiller PE Ratio of today is 30.83.

During the past 13 years, the highest Shiller PE Ratio of The Goldmanchs Group was 30.01. The lowest was 8.74. And the median was 14.81.


The Goldmanchs Group  (FRA:GOS) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

The Goldmanchs Group's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=943.80/30.61
=30.83

* 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.

During the past 13 years, the highest Shiller P/E Ratio of The Goldmanchs Group was 30.01. The lowest was 8.74. And the median was 14.81.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


The Goldmanchs Group E10 Related Terms


The Goldmanchs Group E10 Historical Data

* Premium members only.

The historical data trend for The Goldmanchs Group's E10 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 E10 Chart

The Goldmanchs Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.12 24.76 24.88 29.02 29.63

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
E10 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 28.43 27.46 28.27 29.63 30.61

FRA:GOS vs MS, SCHW, HOOD: E10 Comparison

For the Capital Markets subindustry, The Goldmanchs Group's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs Capital Markets Industry

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

* The bar in red indicates where The Goldmanchs Group's Shiller PE Ratio falls into.


FRA:GOS
69GF Score
The Goldman Sachs Group Inc FRA:GOS
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Goldmanchs Group E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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.

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

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=15.181/330.2130*330.2130
=15.181

Current CPI (Mar. 2026) = 330.2130.

The Goldmanchs Group Quarterly Data

per share eps CPI Adj_EPS
201606 3.311 241.018 4.536
201609 4.348 241.428 5.947
201612 4.816 241.432 6.587
201703 4.815 243.801 6.522
201706 3.516 244.955 4.740
201709 4.212 246.819 5.635
201712 -4.656 246.524 -6.237
201803 5.636 249.554 7.458
201806 5.119 251.989 6.708
201809 5.382 252.439 7.040
201812 5.309 251.233 6.978
201903 5.053 254.202 6.564
201906 5.142 256.143 6.629
201909 4.349 256.759 5.593
201912 4.221 256.974 5.424
202003 2.815 258.115 3.601
202006 0.471 257.797 0.603
202009 7.624 260.280 9.672
202012 9.930 260.474 12.589
202103 15.624 264.877 19.478
202106 12.467 271.696 15.152
202109 12.691 274.310 15.277
202112 9.567 278.802 11.331
202203 9.770 287.504 11.221
202206 7.313 296.311 8.150
202209 8.333 296.808 9.271
202212 3.134 296.797 3.487
202303 8.210 301.836 8.982
202306 2.843 305.109 3.077
202309 5.125 307.789 5.498
202312 5.025 306.746 5.409
202403 10.654 312.332 11.264
202406 8.008 314.175 8.417
202409 7.568 315.301 7.926
202412 11.412 315.605 11.940
202503 13.061 319.799 13.486
202506 9.459 322.561 9.683
202509 10.437 324.800 10.611
202512 11.965 324.054 12.192
202603 15.181 330.213 15.181

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of €30.61 mean?
The Goldmanchs Group (FRA:GOS) has a E10 of €30.61 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on The Goldmanchs Group and its competitors.
Is The Goldmanchs Group's E10 too high?
The Goldmanchs Group's current E10 is €30.61. Overall, The Goldmanchs Group has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The Goldmanchs Group's E10 compare to MS and SCHW?
The Goldmanchs Group's E10 of €30.61 can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Capital Markets company?
A good E10 depends on the Capital Markets industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on The Goldmanchs Group and its competitors. The Goldmanchs Group's current E10 is €30.61. 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?
Based on GuruFocus' analysis, The Goldmanchs Group (FRA:GOS) is currently considered Significantly Overvalued. The stock's GF Value™ is €574.76, compared to a current price of €943.80 — trading 64.2% above its estimated fair value. The current E10 is €30.61. The Goldmanchs Group's overall GF Score™ is 69/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For The Goldmanchs Group (FRA:GOS), the current E10 is €30.61 as of Mar. 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 (FRA:GOS) Overvalued in 2026?

Based on GuruFocus' analysis, The Goldmanchs Group stock appears to be overvalued. The current stock price of €943.80 is trading 64.2% above its estimated GF Value™ of €574.76. GuruFocus considers The Goldmanchs Group to be Significantly Overvalued.

Key valuation signals for FRA:GOS:

  • E10: €30.61
  • GF Value™: €574.76 vs. price of €943.80 (64.2% above fair value)
  • GF Score™: 69/100 with 9 warning signs

No single metric tells the full story. See the FRA:GOS 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 FRA:GOS

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€943.80
Price
€574.76
GF Value