BGC Group, Inc (BGC) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Financial - Capital Markets
EV/EBITDA
↓
10.45
↓-59% vs avg
5yr avg: 25.24
30Y Low2.7·High67.3
P/FCF
↑
N/A
—
5yr avg: 11.59
30Y Low1.9·High104.0
P/B Ratio
↓
4.66
↑+29% vs avg
5yr avg: 3.61
30Y Low0.5·High5.7
ROE
↓
13.9%
↓+27% vs avg
5yr avg: 11.0%
30Y Low-38%·High48%
Debt/EBITDA
↓
3.75
↓-59% vs avg
5yr avg: 9.14
30Y Low1.0·High25.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BGC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
BGC Group, Inc trades at 35.8x earnings, 15% below its 5-year average of 42.3x, sitting at the 55th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.3x, the stock trades at a premium of 169%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.0B | $4.3B | $4.3B | $3.5B | $1.9B | $2.5B | $2.2B | $3.1B | $1.7B | $4.4B | $2.9B |
| Enterprise Value | $5.0B | $5.2B | $5.1B | $4.2B | $2.6B | $3.2B | $3.1B | $4.0B | $2.1B | $4.6B | $4.2B |
| P/E Ratio → | 35.81 | 28.81 | 36.24 | 103.14 | 29.00 | 14.53 | 48.54 | 37.13 | 9.23 | 88.36 | 18.28 |
| P/S Ratio | 1.43 | 1.53 | 1.97 | 1.79 | 1.06 | 1.26 | 1.07 | 1.49 | 0.87 | 2.54 | 1.83 |
| P/B Ratio | 4.66 | 3.75 | 4.02 | 3.94 | 2.57 | 3.79 | 2.70 | 4.30 | 1.94 | 3.87 | 1.75 |
| P/FCF | — | — | 17.84 | 10.25 | 11.37 | 6.90 | 10.06 | 21.70 | — | 3.59 | — |
| P/OCF | — | — | 13.77 | 8.73 | 8.39 | 6.02 | 7.23 | 12.92 | — | 3.43 | — |
P/E links to full P/E history page with 30-year chart
BGC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
BGC Group, Inc's enterprise value stands at 10.5x EBITDA, 59% below its 5-year average of 25.2x. The Financial Services sector median is 11.4x, placing the stock at a 8% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.85 | 2.31 | 2.13 | 1.47 | 1.60 | 1.52 | 1.94 | 1.10 | 2.67 | 2.72 |
| EV / EBITDA | 10.45 | 11.01 | 19.16 | 19.26 | 9.41 | 67.35 | 10.20 | 13.23 | 7.44 | 27.05 | 22.46 |
| EV / EBIT | 10.45 | — | 19.33 | 31.27 | 16.80 | 12.95 | 20.84 | 22.89 | 9.90 | 57.07 | 23.75 |
| EV / FCF | — | — | 20.99 | 12.22 | 15.77 | 8.75 | 14.26 | 28.20 | — | 3.76 | — |
BGC Profitability
Margins and return-on-capital ratios measuring operating efficiency
BGC Group, Inc earns an operating margin of 16.8%, below the Financial Services sector average of 21.4%. Operating margins have expanded from 7.0% to 16.8% over the past 3 years, signaling improving operational efficiency. ROE of 13.9% is modest. ROIC of 13.0% represents solid returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 100.0% | 100.0% | 44.4% | 45.1% | 47.2% | 31.8% | 40.5% | 42.0% | 43.5% | 41.9% | 40.9% |
| Operating Margin | 16.8% | 16.8% | 8.4% | 7.0% | 11.4% | -1.7% | 10.7% | 10.7% | 11.1% | 6.1% | 8.1% |
| Net Profit Margin | 5.5% | 5.5% | 5.8% | 1.8% | 2.7% | 6.2% | 2.2% | 2.1% | 10.5% | 3.0% | 11.9% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.9% | 13.9% | 12.8% | 4.4% | 7.0% | 16.8% | 5.9% | 5.5% | 20.2% | 3.7% | 12.9% |
| ROA | 3.9% | 3.9% | 3.8% | 1.2% | 1.5% | 3.4% | 1.1% | 1.2% | 4.6% | 1.0% | 4.1% |
| ROIC | 13.0% | 13.0% | 5.8% | 5.0% | 7.9% | -1.2% | 7.5% | 9.0% | 9.1% | 2.9% | 3.3% |
| ROCE | 13.5% | 13.5% | 7.6% | 6.3% | 9.4% | -1.3% | 7.3% | 7.6% | 5.4% | 2.3% | 3.2% |
BGC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
BGC Group, Inc carries a Debt/EBITDA ratio of 3.7x, which is moderately leveraged (9% below the sector average of 4.1x). Net debt stands at $924M ($1.8B total debt minus $852M cash). Interest coverage of 3.8x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.55 | 1.55 | 1.37 | 1.49 | 1.65 | 1.85 | 1.86 | 1.86 | 0.91 | 0.64 | 1.17 |
| Debt / EBITDA | 3.75 | 3.75 | 5.54 | 6.11 | 4.37 | 25.93 | 4.97 | 4.41 | 2.75 | 4.24 | 10.17 |
| Net Debt / Equity | — | 0.81 | 0.71 | 0.76 | 0.99 | 1.01 | 1.13 | 1.29 | 0.52 | 0.19 | 0.84 |
| Net Debt / EBITDA | 1.95 | 1.95 | 2.87 | 3.11 | 2.62 | 14.22 | 3.01 | 3.05 | 1.57 | 1.24 | 7.32 |
| Debt / FCF | — | — | 3.14 | 1.98 | 4.40 | 1.85 | 4.20 | 6.50 | — | 0.17 | — |
| Interest Coverage | 3.78 | 3.78 | 2.03 | 1.80 | 3.50 | -0.50 | 2.85 | 3.72 | 5.03 | 1.37 | 2.18 |
BGC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
BGC Group, Inc's current ratio of 65.98x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 0.71x to 65.98x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 65.98 | 65.98 | 1.90 | 0.71 | 1.94 | 1.68 | 2.42 | 2.25 | 4.42 | 4.01 | 2.64 |
| Quick Ratio | 65.98 | 65.98 | 1.90 | 0.71 | 1.94 | 1.68 | 2.42 | 2.25 | 4.42 | 4.01 | 2.64 |
| Cash Ratio | 42.58 | 42.58 | 0.73 | 0.71 | 0.54 | 0.46 | 0.66 | 0.43 | 0.69 | 1.11 | 0.79 |
| Asset Turnover | — | 0.64 | 0.61 | 0.62 | 0.58 | 0.60 | 0.52 | 0.53 | 0.56 | 0.32 | 0.31 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
BGC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
BGC Group, Inc does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 2.8% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | 0.8% | 0.5% | 0.8% | 0.6% | 2.8% | 6.2% | 13.8% | 4.5% | 8.4% |
| Payout Ratio | — | — | 26.9% | 47.9% | 30.5% | 12.2% | 134.1% | 438.4% | 114.5% | 388.8% | 129.8% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.8% | 3.5% | 2.8% | 1.0% | 3.4% | 6.9% | 2.1% | 2.7% | 10.8% | 1.1% | 5.5% |
| FCF Yield | — | — | 5.6% | 9.8% | 8.8% | 14.5% | 9.9% | 4.6% | — | 27.9% | — |
| Buyback Yield | 0.0% | 0.0% | 9.2% | 6.6% | 9.6% | 19.0% | 2.2% | 1.4% | 3.7% | 1.4% | 5.2% |
| Total Shareholder Yield | 0.0% | 0.0% | 10.0% | 7.1% | 10.4% | 19.6% | 4.9% | 7.6% | 17.5% | 5.9% | 13.6% |
| Shares Outstanding | — | $481M | $479M | $490M | $499M | $540M | $547M | $525M | $324M | $454M | $433M |
Peer Comparison
Compare BGC with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 BGCYou | $4B | 35.8 | 10.5 | — | 100.0% | 16.8% | 13.9% | 13.0% | 3.7 |
 MKTX | $6B | 20.8 | 12.2 | 15.0 | 68.9% | 41.7% | 20.4% | 18.0% | 0.2 |
 GFI | $37B | 30.3 | 14.5 | 52.7 | 42.5% | 40.2% | 24.9% | 24.0% | 1.1 |
 PIPR | $6B | 20.3 | 12.2 | 8.2 | 93.6% | 20.2% | 18.8% | 18.0% | 0.3 |
 LAZ | $4B | 20.8 | 11.8 | 8.4 | 31.8% | 13.0% | 27.0% | 9.5% | 5.7 |
 HOOD | $69B | 37.6 | 36.9 | 42.8 | 83.3% | 46.8% | 22.0% | 7.9% | 7.1 |
 IBKR | $37B | 37.8 | 3.6 | 2.4 | 89.8% | 86.0% | 5.3% | 24.7% | 0.0 |
 VIRT | $4B | 9.9 | 9.1 | 3.3 | 48.0% | 33.8% | 27.1% | 10.1% | 6.7 |
 LPLA | $26B | 30.0 | 11.1 | — | 25.6% | 13.4% | 20.9% | 16.1% | 2.5 |
 SF | $12B | 13.2 | 12.8 | 10.0 | 86.6% | 13.8% | 11.7% | 7.9% | 2.3 |
 CME | $104B | 25.7 | 23.0 | 24.8 | 86.1% | 64.9% | 14.6% | 10.2% | 0.8 |
| Financial Services Median | — | 13.3 | 11.4 | 10.6 | 62.9% | 21.4% | 9.5% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonBGC — Frequently Asked Questions
Quick answers to the most common questions about buying BGC stock.
What is BGC Group, Inc's P/E ratio?
BGC Group, Inc's current P/E ratio is 35.8x. The historical average is 42.1x. This places it at the 55th percentile of its historical range.
What is BGC Group, Inc's EV/EBITDA?
BGC Group, Inc's current EV/EBITDA is 10.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.3x.
What is BGC Group, Inc's ROE?
BGC Group, Inc's return on equity (ROE) is 13.9%. The historical average is 7.9%.
Is BGC stock overvalued?
Based on historical data, BGC Group, Inc is trading at a P/E of 35.8x. This is at the 55th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are BGC Group, Inc's profit margins?
BGC Group, Inc has 100.0% gross margin and 16.8% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does BGC Group, Inc have?
BGC Group, Inc's Debt/EBITDA ratio is 3.7x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.