Goldman Sachs Group Inc (GS) is undervalued and LPL Financial Holdings Inc (LPLA) is undervalued.
Against our estimates of intrinsic value, GS trades at the wider discount: a margin of safety of +78%, against +50% for LPLA.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 7.8% (average of 3 methods) values the shares at $4365.21; the price of $949.49 is 78% below that value, and 80% of that value comes from beyond year five.
Leak Score 45/100 on 10 of 12 signals
Discounting its cash flows at 7.6% (average of 3 methods) values the shares at $618.22; the price of $307.50 is 50% below that value, and 82% of that value comes from beyond year five.
Leak Score 53/100 on 9 of 12 signals
| Metric | GS | LPLA |
|---|---|---|
| Verdict | Undervalued | Undervalued |
| Price | $949.49 | $307.50 |
| Intrinsic value | $4365.21 | $618.22 |
| Margin of safety | +78% | +50% |
| Leak Score | 45/100 (10/12) | 53/100 (9/12) |
| Market cap | $276.5B | $24.2B |
| Revenue growth, 5 years | 18.7% | 23.7% |
| Operating margin | 19.5% | 12.8% |
| Net margin | 14.7% | 5.1% |
| Return on equity | 17.0% | 18.6% |
| Debt to equity | 6.50 | 1.43 |
| P/E | 14.7x | 24.5x |
| Forward P/E | 12.9x | 10.3x |
| P/B | 2.5x | 4.2x |
| Dividend yield | 2.0% | 0.4% |