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
Range Bound setup
Financial Services · Capital Markets
Hold if already holding. Not a fresh buy at $11.44, but acceptable to hold if already in. Reasons: Leverage penalty (D/E 1.6): -1.0; Earnings in 6 days (event risk).
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 $11.44, but acceptable to hold if already in. Reasons: Leverage penalty (D/E 1.6): -1.0; Earnings in 6 days (event risk). Chart setup: RSI 55 mid-range, Bollinger mid-band. Maintain position. Not compelling to add more. Score 5.8/10, moderate confidence.
Passes 6/8 gates (favorable risk/reward ratio, clean insider activity, no SEC red flags, news events none recent, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and earnings proximity 6d<=7d. 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.
Show full overview
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 2026-10-29Recent Developments — BGC Group, Inc.
Latest news
- NEWS BGC Group earnings loom with sequential revenue decline expected By Investing.com - Investing.com UK — Investing.com UK negative
- NEWS BGC Group earnings loom with sequential revenue decline expected - Investing.com — Investing.com negative
- NEWS BGC|Bgc Group Inc|Price:11.965|Chg%:+0.175 - TradingKey — TradingKey neutral
- NEWS BGC Earnings: What To Look For From BGC - StockStory — StockStory neutral
- NEWS BGC Earnings: What To Look For From BGC - TradingView — TradingView neutral
Generated 2026-10-29T11:08:50Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
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
2 floor-breakers·1 ceiling hit
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Momentum below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $11.44, but acceptable to hold if already in. Reasons: Leverage penalty (D/E 1.6): -1.0; Earnings in 6 days (event risk). Chart setup: RSI 55 mid-range, Bollinger mid-band. Maintain position. Not compelling to add more. Analyst target $13.60 (+18.9%), stop $10.76 (−6.3%), A.R:R 3.2:1. Score 5.8/10, moderate confidence.
Analyst target: $13.60 (+18.9% upside). Analyst target $13.60 (+18.9%), stop $10.76 (−6.3%), A.R:R 3.2:1. Stop-loss: $10.76.
Leverage penalty (D/E 1.6): -1.0; Earnings in 6 days (event risk); Negative momentum.
BGC Group, Inc. trades at a P/E of 28.6 (forward 7.1). TrendMatrix value score: 8.6/10. Verdict: Hold.
6 analysts cover BGC with a consensus score of 4.2/5. Average price target: $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.