Compare Stocks › GS vs HUM

The Goldman Sachs Group, Inc. (GS) vs Humana Inc. (HUM): Which Is the Better Buy in 2026?

As of 2026-11-01, GS is undervalued at $895, with a DCF intrinsic value of $1584 and a margin of safety of 44%. HUM is undervalued at $415, with an intrinsic value of $1003 and a margin of safety of 59%. Of the two, HUM has the wider margin of safety.

The Goldman Sachs Group, Inc.

$894.55

HUM

Humana Inc.

$414.50

Rewards

★Gross margin of 81.3% indicates strong pricing power — typical of businesses with significant intellectual property or brand strength.
★Share count has been reduced by 11% over the past 4 years through buybacks, increasing each share's claim on earnings.
★Each dollar of retained earnings has created $2.58 of earning power — management is an exceptional capital allocator.

HUM

★Humana Inc. scores 98/100 on the Economic Moat Score (Wide Moat), with revenue predictability as the strongest competitive dimension.
★Altman Z-Score of 4.08 indicates very low bankruptcy risk — the company is firmly in the safe zone.
★Net debt/EBITDA of -2.5x means the company holds more cash than debt — a net cash position.

Risks

⚠Altman Z-Score of 0.25 places the company in the distress zone — financial patterns resemble those of companies that experienced bankruptcy.
⚠5 insider sales totaling $12.2M with no purchases in the past 3 months — insiders are reducing their exposure.

HUM

⚠Gross margin of 13.7% is low, suggesting a competitive or commodity-like market with limited pricing power.
⚠Trailing P/E of 39.2x is 61% above the historical average of 24.3x — the stock trades at a premium to its own history.
⚠Free cash flow has declined at a 52.3% CAGR over the past 4 years — a concerning trend.

Key Valuation Metrics

Learn more →

HUM

Valuation

N/A

Free Cash Flow

$1.94B

N/A

FCF Yield

3.90%

12.86

Trailing P/E

39.18

12.07

Forward P/E

24.26

Quality & Moat

2.23%

ROIC

11.72%

17.75%

ROE

6.89%

81.29%

Gross Margin

13.65%

1.12

PEG Ratio

1.14

Balance Sheet Safety

Net cash

Net Debt / Equity

Net cash

N/A

Interest Coverage

N/A

Net Debt / EBITDA

-2.54

2.24%

Dividend Yield

0.85%

GS: 6Ties: 2HUM: 1

GSHUM

Historical Fundamentals

Learn more →

Price ÷ Earnings Per Share — how many years of current earnings you're paying for at today's price. Lower P/E may indicate undervaluation. The dashed forward point is the forward P/E — today's price ÷ analyst consensus EPS.

HUM

$1 Retained Earnings Test

Learn more →

$5.60

created per $1 retained over 3 years

Exceptional Value Creator

Σ Retained

$26.00B

Δ Market Cap

+$145.60B

Buffett's "$1 Test": For every $1 of earnings retained, has management created at least $1 of market value?
> $1 created per $1 retained = Value Creator · < $1 created = Value Destroyer

HUM

$-9.22

created per $1 retained over 3 years

Market Cap Declined

Σ Retained

$3.59B

Δ Market Cap

$-33.12B

Buffett's "$1 Test": For every $1 of earnings retained, has management created at least $1 of market value?
> $1 created per $1 retained = Value Creator · < $1 created = Value Destroyer

Discounted Cash Flow (DCF) Analysis

Learn more →

43.5% Margin of Safety

Price is 43.5% below estimated fair value

Current Price: $894.55

Strongly undervalued

Undervalued

Fairly valued

Overvalued

Strongly overvalued

Fair Value: $1584.20

Strongly undervalued

Undervalued

Fairly valued

Overvalued

Strongly overvalued

HUM

58.7% Margin of Safety

Price is 58.7% below estimated fair value

Current Price: $414.50

Strongly undervalued

Undervalued

Fairly valued

Overvalued

Strongly overvalued

Fair Value: $1003.29

Strongly undervalued

Undervalued

Fairly valued

Overvalued

Strongly overvalued

Reverse DCF — Market-Implied Growth

Learn more →

Requires positive FCF to compute implied growth rate.

HUM

What growth rate is the market pricing in at $415?

+12.1%

Market-Implied Owner Earnings Growth

Standard FCF implies +8.3%

The market implies +12.1% Owner Earnings growth, above historical trends.

Standard FCF implies a demanding +8.3%, reflecting heavy growth investment.

Economic Moat Score

Learn more →

65/100

Narrow Moat

70+ Wide · 40-69 Narrow · <40 None

Narrow moat with reinvestment efficiency as the key competitive advantage. Improving margin stability would strengthen the moat.

Composite score measuring competitive advantage durability across four dimensions: returns above cost of capital, pricing power stability, revenue predictability, and capital efficiency. Based on 4 years of fundamental data.

HUM

98/100

Wide Moat

70+ Wide · 40-69 Narrow · <40 None

Wide moat driven primarily by revenue predictability. Margin Stability is the area most vulnerable to competitive pressure.

Forensic Accounting

Learn more →

-2.00

Possible Manipulator

Above -1.78 = likely manipulator · -2.22 to -1.78 = grey zone

M-Score Trend

Beneish's 8-variable model estimates the probability of earnings manipulation. An M-Score above -1.78 signals elevated risk — companies in this range have historically been 3-5× more likely to be manipulating earnings. Scores between -2.22 and -1.78 fall in a grey zone warranting further investigation.

HUM

-2.27

Unlikely Manipulator

Above -1.78 = likely manipulator · -2.22 to -1.78 = grey zone

M-Score Trend

Ownership Breakdown

Learn more →

Insiders 0.6%Institutions 75.7%Retail & Other 23.7%

No. of Institutional Holders3,978

High insider ownership aligns management incentives with shareholders — a key signal in Buffett-style analysis. Institutional concentration can indicate smart-money conviction but also crowding risk.

HUM

Insiders 0.2%Institutions 101.4%

No. of Institutional Holders1,327

High insider ownership aligns management incentives with shareholders. Institutional concentration can indicate smart-money conviction but also crowding risk.

Insider Buying Activity

Learn more →

Buys (3M)

Buys (12M)

HESS JOHN B JR.

Director

$2.00M

@ $511.68 · 2025-04-15

JOHNSON KEVIN RONALD

Director

$1.49M

@ $619.02 · 2025-01-17

Open market purchases · includes direct & indirect ownership · excludes option exercises

HUM

Buys (3M)

Buys (12M)

Total value (12M): $150,016

SHETTY SANJAY K

Officer

$150,016

@ $185.20 · 2026-02-23

RECHTIN JAMES A.

Chief Executive Officer

$1.50M

@ $229.25 · 2025-05-14

Open market purchases · includes direct & indirect ownership · excludes option exercises

Open market purchases · includes direct & indirect ownership · excludes option exercises.

Insider Selling Activity

Learn more →

Sells (3M)

Sells (12M)

Total value (12M): $76.92M

LESLIE ERICKA T

Officer

$229,305

@ $917.22 · 2026-10-28

SOLOMON DAVID M

Chief Executive Officer

$10.93M

@ $910.72 · 2026-10-27

LESLIE ERICKA T

Officer

$222,562

@ $890.25 · 2026-10-22

LESLIE ERICKA T

Officer

$620,280

@ $1033.80 · 2026-08-28

LESLIE ERICKA T

Officer

$184,445

@ $1053.97 · 2026-08-04

LESLIE ERICKA T

Officer

$287,951

@ $1151.80 · 2026-07-15

COLEMAN DENIS P.

Chief Financial Officer

$6.68M

@ $973.55 · 2026-05-14

RUEMMLER KATHRYN H

General Counsel

$13.42M

@ $939.07 · 2026-05-06

FREDMAN SHEARA J.

Officer

$9.57M

@ $929.17 · 2026-05-01

RUEMMLER KATHRYN H

General Counsel

$634,927

@ $929.61 · 2026-05-01

SOLOMON DAVID M

Chief Executive Officer

$3.23M

@ $930.70 · 2026-05-01

GOLTEN ALEXANDER SIMON

Officer

$1.04M

@ $936.18 · 2026-04-23

GOLTEN ALEXANDER SIMON

Officer

$1.02M

@ $919.19 · 2026-04-17

COLEMAN DENIS P.

Chief Financial Officer

$10.94M

@ $941.57 · 2026-02-09

SOLOMON DAVID M

Chief Executive Officer

$255,387

@ $938.92 · 2026-01-29

HALIO CAREY

Officer

$2.64M

@ $927.17 · 2026-01-27

FREDMAN SHEARA J.

Officer

$4.49M

@ $923.75 · 2026-01-23

RUEMMLER KATHRYN H

General Counsel

$8.89M

@ $927.51 · 2026-01-23

HALIO CAREY

Officer

$1.62M

@ $920.62 · 2026-01-23

WALDRON JOHN E.

President

$13.69M

@ $750.30 · 2025-08-28

COLEMAN DENIS P.

Chief Financial Officer

$5.41M

@ $724.40 · 2025-07-25

ROGERS JOHN F W

Officer

$4.31M

@ $717.39 · 2025-07-23

SOLOMON DAVID M

Chief Executive Officer

$4.71M

@ $712.31 · 2025-07-23

SOLOMON DAVID M

Chief Executive Officer

$3.04M

@ $607.17 · 2025-05-14

SOLOMON DAVID M

Chief Executive Officer

$1.50M

@ $622.15 · 2025-02-26

GOLTEN ALEXANDER SIMON

Officer

$3.31M

@ $636.25 · 2025-01-28

HALIO CAREY

Officer and Treasurer

$2.32M

@ $636.74 · 2025-01-24

FREDMAN SHEARA J.

Officer

$1.28M

@ $627.01 · 2025-01-21

RUEMMLER KATHRYN H

General Counsel

$4.76M

@ $634.69 · 2025-01-21

HALIO CAREY

Officer

$965,120

@ $624.67 · 2025-01-21

SOLOMON DAVID M

Chief Executive Officer

$4.00M

@ $610.91 · 2024-11-29

VINIAR DAVID A

Director

$3.06M

@ $612.08 · 2024-11-29

FREDMAN SHEARA J.

Officer

$1.77M

@ $594.51 · 2024-11-06

COLEMAN DENIS P.

Chief Financial Officer

$7.67M

@ $593.03 · 2024-11-06

ROGERS JOHN F W

Officer

$3.83M

@ $596.36 · 2024-11-06

Direct ownership only · excludes indirect, option exercises, planned (10b5-1) sales & derivatives

HUM

Sells (3M)

Sells (12M)

HUVAL TIMOTHY S.

Officer

$948,925

@ $256.26 · 2024-12-31

Direct ownership only · excludes indirect, option exercises, planned (10b5-1) sales & derivatives

Direct ownership only · excludes indirect, option exercises, planned (10b5-1) sales & derivatives.

🎭 Mr. Market's Mood

Learn more →

😐Neutral(48/100)

"Market is pricing this stock without strong emotion in either direction"

Composite sentiment score based on 6 market signals. Inspired by Buffett's "Mr. Market" allegory — fear = potential opportunity, greed = potential risk. Must be used alongside fundamental analysis, not in isolation.

HUM

😐Neutral(54/100)

"Market is pricing this stock without strong emotion in either direction"

Composite sentiment score based on market signals. Inspired by Buffett’s "Mr. Market" allegory — fear = potential opportunity, greed = potential risk. Must be used alongside fundamental analysis, not in isolation.

⚖️ Buffett Signal

Learn more →

⚪Awaiting DCF Data

The Buffett Signal cross-references market sentiment with DCF valuation. Configure the DCF Analysis above to generate a signal.

DCF Margin of Safety: N/AMr. Market's Mood: Neutral (48)

HUM

⚪Awaiting DCF Data

The Buffett Signal cross-references market sentiment with DCF valuation. Configure the DCF Analysis above to generate a signal.

DCF Margin of Safety: N/AMr. Market's Mood: Neutral (54)

View GS Full Analysis View HUM Full Analysis

Frequently Asked Questions: GS vs HUM

Is The Goldman Sachs Group, Inc. or Humana Inc. more undervalued in 2026?▼

Based on our discounted cash flow model, HUM trades at a 58.7% margin of safety (intrinsic value $1003 vs. price $415), compared to GS's 43.5% margin of safety (intrinsic $1584 vs. $895).

Which stock has a wider economic moat, The Goldman Sachs Group, Inc. or Humana Inc.?▼

HUM scores 98/100 (Wide moat), while GS scores 65/100 (Narrow moat). The moat score measures competitive advantage durability across ROIC consistency, margin stability, revenue predictability, and reinvestment efficiency.

Is The Goldman Sachs Group, Inc. in financial distress?▼

GS's Altman Z-Score of 0.3 places it in the Distress zone, signaling elevated bankruptcy risk. HUM scores 4.1 (Safe zone). The Altman Z-Score is a five-factor model that predicts insolvency within two years; scores below 1.81 indicate significant distress.

Which stock has higher return on invested capital, The Goldman Sachs Group, Inc. or Humana Inc.?▼

HUM earns 11.7% ROIC versus GS's 2.2%. A higher ROIC means the company generates more profit per dollar of capital employed, a hallmark of durable competitive advantage in Buffett-style analysis.

Which dividend is safer, The Goldman Sachs Group, Inc.'s or Humana Inc.'s?▼

GS's dividend earns a safety score of 79/100 (Safe), compared to HUM's 55/100 (Borderline). GS has raised its dividend for 3 consecutive years.