BGC Group is deeply cheap (forward P/E 7.4x, PEG 0.27) with a strong Piotroski score and 15.4% upside to the analyst target, though earnings have only been in line and leverage is elevated.
Thesis pillars
- Deep Value Low Peg→Stable
- Analyst Target Upside→Stable
- Strong Financial Health→Stable
- +2 more pillars — see the Why tab for full reasoning
Pillars as of Oct 24, 2026, based on the 10-K filed Mar 2, 2026
BGC Group, Inc. (BGC) Stock Analysis
Financial Services · Capital Markets
Hold if already holding. Not a fresh buy at $11.27, but acceptable to hold if already in. Reason: Leverage penalty (D/E 1.6): -1.0.
BGC Group is a global inter-dealer broker and financial technology company providing brokerage and trade execution across fixed income, FX, equities, and energy, commodity, and shipping (ECS) markets. The company earns commissions and fees through Voice, Hybrid, and Fully... Read more
Hold if already holding. Not a fresh buy at $11.27, but acceptable to hold if already in. Reason: Leverage penalty (D/E 1.6): -1.0. Chart setup: No clear chart pattern; technical signals are mixed. Maintain position. Not compelling to add more. Score 5.9/10, moderate confidence.
Passes 6/7 gates (favorable risk/reward ratio, clean insider activity, no SEC red flags, earnings proximity no date, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum. Suitability: moderate.
About BGC Group, Inc.
About BGC Group, Inc.
BGC Group brokered transactions in fixed income, FX, equities, derivatives, and ECS products through 2,510 front-office personnel across 40+ cities globally at December 31, 2025. Fenics, the technology-driven segment, contributed 22.4% of total revenues for the year, while Voice and Hybrid brokerage represented the majority of revenues. The April 2025 acquisition of OTC Global established BGC as the world's largest energy, commodities, and shipping broker by revenue.
BGC earns commission and fee revenue from inter-dealer brokerage across fixed income, FX, equities, and ECS products, supplemented by recurring data, network, and post-trade service fees within Fenics. Voice and Hybrid brokerage generates per-transaction commissions and remains the majority of revenues; Fenics electronic platforms carry higher margins, with Fenics Integrated desks requiring expected pre-tax margins of at least 25%. In April 2025, BGC acquired OTC Global, adding crude and refined products, petrochemicals, natural gas, and ship brokerage, and in December 2025 acquired AMCOM for agricultural commodities. FMX — in which Bank of America, Barclays, Citi, Goldman Sachs, J.P. Morgan, Morgan Stanley, and Wells Fargo collectively invested $171.7 million for a 25.75% ownership stake — operates a U.S. interest rate futures exchange and cash Treasuries platform. Top 10 customers accounted for approximately 23.6% of total consolidated revenue in 2025, with the largest at approximately 4.0%, indicating a highly fragmented client base.
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BGC's governance structure changed significantly in 2025: on February 18, Howard W. Lutnick was confirmed as U.S. Secretary of Commerce and stepped down as Chairman and CEO, with three Co-CEOs — John J. Abularrage, JP Aubin, and Sean Windeatt — simultaneously appointed. By October 6, 2025, Lutnick completed the divestiture of his holdings in compliance with government ethics rules, transferring effective control to trusts managed by Brandon Lutnick. The 10-K also notes that BGC excluded OTC Global from management's internal controls over financial reporting assessment for fiscal 2025, acknowledging that remediation of additional controls may be required when OTC Global is integrated.
See also: Financial Services · Capital Markets
From BGC Group, Inc.'s most recent 10-K filing, extracted June 9, 2026.
Recent developments
updated Nov 1, 2026Recent Developments — BGC Group, Inc.
Latest news
- NEWS BGC Group Inc. Class A Common Stock (BGC) Financial Statements - Pluang — Pluang Nov 1, 2026 neutral
- NEWS BGC Group, Inc. (NASDAQ: BGC) Gains 0.62% to USD 11.44 - Kalkine India — Kalkine India Oct 29, 2026 neutral
- NEWS BGC Group (BGC) Reports Next Week: Wall Street Expects Earnings Growth - Yahoo Finance — Yahoo Finance Oct 29, 2026 neutral
- NEWS BGC Q3'26 Earnings: revenue estimate is 824.83M USD - TradingView — TradingView Oct 29, 2026 neutral
- NEWS How Much Upside is Left in BGC Group (BGC)? Wall Street Analysts Think 25.78% - Yahoo Finance — Yahoo Finance Oct 27, 2026 positive
Latest item Nov 1, 2026 · Generated 2026-11-05T11:39:29Z.
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Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
1 floor-breaker·1 ceiling hit
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $11.27, but acceptable to hold if already in. Reason: Leverage penalty (D/E 1.6): -1.0. Chart setup: No clear chart pattern; technical signals are mixed. Maintain position. Not compelling to add more. Analyst target $13.60 (+20.7%), stop $10.72 (−5.1%), A.R:R 3.3:1. Score 5.9/10, moderate confidence.
Analyst target: $13.60 (+20.7% upside). Analyst target $13.60 (+20.7%), stop $10.72 (−5.1%), A.R:R 3.3:1. Stop-loss: $10.72.
Leverage penalty (D/E 1.6): -1.0.
BGC Group, Inc. trades at a P/E of 28.2 (forward 7.0). TrendMatrix value score: 8.7/10. Verdict: Hold.
6 analysts rate BGC, with a consensus score of 4.2/5. 2 analysts publish price targets averaging $16.
What does BGC Group, Inc. do?BGC Group is a global inter-dealer broker and financial technology company providing brokerage and trade execution...
BGC Group is a global inter-dealer broker and financial technology company providing brokerage and trade execution across fixed income, FX, equities, and energy, commodity, and shipping (ECS) markets. The company earns commissions and fees through Voice, Hybrid, and Fully Electronic platforms operated by 2,510 front-office personnel across 40+ cities, with the technology-driven Fenics business representing 22.4% of total revenues in 2025.