Is Goldman Sachs or Mastercard more undervalued?

As of Nov 11, 2026, Goldman Sachs is at +8.9% to fair value and Mastercard at −45.5%. Goldman Sachs is the more undervalued of the two. Model-based estimate, not financial advice.

Which has higher quality, Goldman Sachs or Mastercard?

Goldman Sachs has a quality score of 54/100 and Mastercard 85/100. Mastercard leads on quality.

STOCK COMPARISON

Goldman Sachs vs Mastercard: Fair Value & Quality

Both stocks run through our valuation models. Here is how Goldman Sachs (GS) and Mastercard (MA) compare, as of Nov 11, 2026.

As of Nov 11, 2026, Fair Value Calculator sees Goldman Sachs as the more attractively valued of the two: Goldman Sachs trades at $927 versus a fair value of $1,009 (+8.9%), while Mastercard trades at $661 versus $360 (−45.5%).

Goldman Sachs

GS · USD · Financials

+8.9%

upside to fair value

fairly valued

Price$927

Fair Value$1,009

Quality54/100

Fair ValueQualityUptrend

Mastercard

MA · USD · Financials

−45.5%

upside to fair value

overvalued

Price$661

Fair Value$360

Quality85/100

Fair ValueQualityUptrend

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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Goldman SachsMastercard

Valuation

13.3×P/E (TTM)34.3×

12.5×Forward P/E (FY2027)28.6×

12.2×Median P/E at FY-end (10 FY, ex one-offs where documented)35.7×

3.98×P/S (TTM)16.08×

2.26×P/Bn/a

17.3×EV/EBITDA25.7×

1.17×PEG1.66×

+8.9%Fair value upside−45.5%

1.9%Dividend yield0.5%

$18.00Dividend per share$3.48

Profitability

38.2%Operating margin60.5%

0.75×EBIT margin trend (5Y)1.12×

17.8%Return on equity231.4%

1.0%Return on assets27.6%

Growth

23.3%Revenue growth (YoY)14.0%

22.1%Avg. growth/yr (3Y)13.8%

18.5%Avg. growth/yr (5Y)16.5%

+14.9%Value creation/yr+17.0%

Balance & size

0.3×Interest coverage (EBIT/interest)26.9×

2.37×Debt / equity2.36×

$283BMarket cap$583B

expensiveGrowth qualitymixed

Goldman Sachs, median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, 5 of the years ex one-offs: 12.2. Mastercard, median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, 7 of the years ex one-offs: 35.7.

Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

Goldman Sachs leads: 8 to 7 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Goldman Sachs Mastercard

ProfitabilityHow much profit the company makes from its sales and capital

Quality GrowthAre margins and returns getting better?

CashflowDo the profits arrive as real cash?

Financial strengthDebt, balance sheet and risk of trouble

InvestmentDoes it invest with discipline instead of growing at any price?

Low VolatilityHow calm the share price moves, does not count

Price momentumPrice momentum of the last 3 to 12 months, does not count

Near the 52-week highDistance to the 52-week high, does not count

New sharesBuys back shares or issues new ones?

100

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model family	Goldman SachsPrice $927	MastercardPrice $661
DCF Models	+206.9%above the price$2,844	−45.5%below the price$360
Earnings-Based	−0.6%close to the price$921	−36.9%below the price$417
Dividend Discount	−1.2%close to the price$915	−48.4%below the price$341
Multiples	−31.5%below the price$635	−65.9%below the price$225
Asset-Based	−70.7%below the price$272	n/a
Growth DCF	n/a	−45.6%below the price$359
Economic Profit	−45.8%below the price$503	−92.3%below the price$51.06
Matching families	5 of 7
Minimum	−45.8%below the price$503	−92.3%below the price$51.06
Maximum	+206.9%above the price$2,844	−36.9%below the price$417
Median	−1.2%close to the price$915	−48.4%below the price$341
Geometric mean	+2.3%close to the price$948	−65.8%below the price$226
Ahead family by family	5 of 5	0 of 5

Minimum, maximum, median and geometric mean only use the families both stocks have (matching families: 5 of 7), so a family without a value on one side does not distort the comparison. Ahead in a family is the stock whose fair value there sits higher relative to its price. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Family by family: Goldman Sachs is ahead in 5 of 5 shared families, Mastercard in none.

Goldman Sachs: 6 of 9 models see the stock below the current price.

Mastercard: 11 of 11 models see the stock below the current price.

Goldman Sachs: The fair value at the top is not the result of a single model. It starts from the evidence-weighted blend of the models and is adjusted afterwards, so it can sit above or below the models.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Goldman Sachs

Price $927

Fair Value $1,009

Bear $575Bull $1,548

Mastercard

Price $661

Fair Value $360

Bear $169Bull $564

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Goldman Sachs · Financials

Quality score54 · below median

Fair value upside+8.9% · above median

Mastercard · Financials

Quality score85 · Top 25%

Fair value upside−45.5% · bottom 25%

Bottom line

Mastercard has the higher quality score (85/100).

Open Goldman Sachs live analysis →

Goldman Sachs · Mastercard

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.