(GBS) Gold Bullion Securities ETC - Overview
Etf: Gold, ETC, Allocated, LBMA, Custodian
| Risk 5d forecast | |
|---|---|
| Volatility | 46.2% |
| Relative Tail Risk | -3.22% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.84 |
| Alpha | 43.43 |
| Character TTM | |
|---|---|
| Beta | 0.047 |
| Beta Downside | 0.074 |
| Drawdowns 3y | |
|---|---|
| Max DD | 11.02% |
| CAGR/Max DD | 3.10 |
Description: GBS Gold Bullion Securities ETC January 12, 2026
Gold Bullion Securities (GBS) is a France-domiciled ETF that tracks the spot price of gold, delivering the price movement less a modest management fee. The fund holds physically allocated gold bars that meet LBMA Good Delivery standards, with each bar segregated, individually identified, and custodially stored by HSBC Bank plc.
Key metrics (as of 2024): the expense ratio stands at 0.15% p.a., the fund’s assets under management are roughly €600 million, and its annualized tracking error versus the spot gold price is under 0.05%, reflecting tight replication. The primary macro drivers of GBS performance are real-interest-rate trends, U.S. dollar strength, and central-bank gold purchases, all of which influence the underlying spot price.
For a deeper dive into GBS’s risk-adjusted performance, the ValueRay platform offers a convenient, data-rich overview.
What is the price of GBS shares?
Over the past week, the price has changed by -0.44%, over one month by +8.83%, over three months by +20.81% and over the past year by +51.24%.
Is GBS a buy, sell or hold?
What are the forecasts/targets for the GBS price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 520.5 | 36.2% |
GBS Fundamental Data Overview February 03, 2026
Revenue TTM = 0.0 EUR
EBIT TTM = 0.0 EUR
EBITDA TTM = 0.0 EUR
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 3.43b EUR (3.43b + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 3.43b)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 3.43b / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 25.0% (EU avg default 25%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 25.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 6.09% (E(3.43b)/V(3.43b) * Re(6.09%) + (debt-free company))
Discount Rate = 6.09% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)