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GuruFocus has detected 1 Warning Sign with Goldman Sachs Group Inc $GS.
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Goldman Sachs Group Inc (NYSE:GS)
Price-to-Owner-Earnings
77.51 (As of Today)

As of today, Goldman Sachs Group Inc's share price is $223.22. Goldman Sachs Group Inc's owner earnings per share for the trailing twelve months (TTM) ended in was $2.88. It's Price to Owner Earnings (TTM) ratio for today is 77.51.

GS' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 1.91   Max: 111.68
Current: 77.47

1.91
111.68

During the past 13 years, the highest Price to Owner Earnings (TTM) ratio of Goldman Sachs Group Inc was 111.68. The lowest was 1.91. And the median was 13.19.

GS's Price-to-Owner-Earnings is ranked lower than
92% of the 262 Companies
in the Global Capital Markets industry.

( Industry Median: 16.31 vs. GS: 77.47 )

As of today, Goldman Sachs Group Inc's share price is $223.22. Goldman Sachs Group Inc's diluted earnings per share for the trailing twelve months (TTM) ended in Mar. 2017 was $18.80. Therefore, Goldman Sachs Group Inc's P/E ratio for today is 11.87.

As of today, Goldman Sachs Group Inc's share price is $223.22. Goldman Sachs Group Inc's earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Mar. 2017 was $18.80. Therefore, Goldman Sachs Group Inc's P/E (NRI) ratio for today is 11.87.

During the past 13 years, Goldman Sachs Group Inc's highest P/E (NRI) Ratio was 34.90. The lowest was 5.35. And the median was 11.10.


Definition

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume. (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

Goldman Sachs Group Inc's Price to Owner Earnings (TTM) Ratio for today is calculated as

Price to Owner Earnings (TTM) Ratio=Share Price/Owner Earnings Per Share (TTM)
=223.22/2.88
=77.51

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

For how to get Owner Earnings Per Share (TTM), please go to this page.


Related Terms

Earnings Per Share (NRI), Diluted Earnings Per Share, Basic Earnings Per Share, P/E (NRI), P/E (TTM), Net Income, Depreciation, Depletion & Amortization, Owner Earnings Per Share (TTM)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Goldman Sachs Group Inc Annual Data

Nov07Nov08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Price to
Owner Earnings (TTM)
0.0059.712.170.002.735.7853.300.0019.2458.72

Goldman Sachs Group Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
Price to
Owner Earnings (TTM)
0.000.000.0067.4519.240.005.8711.7858.7279.74
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