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BGC Group (BGC Group) Cyclically Adjusted Price-to-FCF : 11.95 (As of Apr. 30, 2024)


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What is BGC Group Cyclically Adjusted Price-to-FCF?

As of today (2024-04-30), BGC Group's current share price is $7.765. BGC Group's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.65. BGC Group's Cyclically Adjusted Price-to-FCF for today is 11.95.

The historical rank and industry rank for BGC Group's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BGC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.33   Med: 11   Max: 22.81
Current: 12.64

During the past years, BGC Group's highest Cyclically Adjusted Price-to-FCF was 22.81. The lowest was 4.33. And the median was 11.00.

BGC's Cyclically Adjusted Price-to-FCF is ranked better than
61.43% of 223 companies
in the Capital Markets industry
Industry Median: 19.37 vs BGC: 12.64

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

BGC Group's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.329. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $0.65 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


BGC Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for BGC Group's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

BGC Group Cyclically Adjusted Price-to-FCF Chart

BGC Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.86 7.35 7.78 6.12 11.16

BGC Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.12 8.30 7.51 8.18 11.16

Competitive Comparison of BGC Group's Cyclically Adjusted Price-to-FCF

For the Capital Markets subindustry, BGC Group's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


BGC Group's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, BGC Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where BGC Group's Cyclically Adjusted Price-to-FCF falls into.



BGC Group Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

BGC Group's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=7.765/0.65
=11.95

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

BGC Group's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, BGC Group's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.329/129.4194*129.4194
=0.329

Current CPI (Dec. 2023) = 129.4194.

BGC Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.018 99.695 -0.023
201406 0.069 100.560 0.089
201409 0.134 100.428 0.173
201412 0.356 99.070 0.465
201503 -0.214 99.621 -0.278
201506 0.120 100.684 0.154
201509 0.292 100.392 0.376
201512 2.128 99.792 2.760
201603 -0.495 100.470 -0.638
201606 -0.688 101.688 -0.876
201609 0.028 101.861 0.036
201612 -0.733 101.863 -0.931
201703 0.921 102.862 1.159
201706 -0.019 103.349 -0.024
201709 0.724 104.136 0.900
201712 1.710 104.011 2.128
201803 -1.778 105.290 -2.185
201806 1.936 106.317 2.357
201809 -1.338 106.507 -1.626
201812 -0.234 105.998 -0.286
201903 -0.153 107.251 -0.185
201906 0.180 108.070 0.216
201909 0.150 108.329 0.179
201912 0.218 108.420 0.260
202003 -0.169 108.902 -0.201
202006 0.212 108.767 0.252
202009 0.124 109.815 0.146
202012 0.266 109.897 0.313
202103 0.056 111.754 0.065
202106 0.243 114.631 0.274
202109 0.253 115.734 0.283
202112 0.121 117.630 0.133
202203 -0.044 121.301 -0.047
202206 0.099 125.017 0.102
202209 0.125 125.227 0.129
202212 0.153 125.222 0.158
202303 0.020 127.348 0.020
202306 -0.313 128.729 -0.315
202309 0.631 129.860 0.629
202312 0.329 129.419 0.329

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


BGC Group  (NAS:BGC) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


BGC Group Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of BGC Group's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


BGC Group (BGC Group) Business Description

Industry
Traded in Other Exchanges
Address
499 Park Avenue, New York, NY, USA, 10022
BGC Group Inc is a brokerage and financial technology company that serves the global financial markets. Its service and product offerings include brokerage for a wide range of financial products including fixed income, equities, commodities, derivatives, and real estate, software solutions for trading platforms, clearing, trade execution, and other back-office services. Its clients mostly include banks, brokerage houses, hedge funds, and investment banks. BGC operates in one reportable segment, which is providing brokerage services to the financial markets. The company earns the majority of its revenue in the United Kingdom followed by the United States.
Executives
William Dean Addas director C/O DEUTSCHE BANK, 300 S. GRAND AVENUE, LOS ANGELES CA 90071-3109
Jason W. Hauf officer: Chief Financial Officer BGC PARTNERS, 499 PARK AVENUE, NEW YORK NY 10022
Arthur U Mbanefo director 280 PARK AVENUE 40 WEST, CO ORIX, NEW YORK NY 10017
Sean A Windeatt officer: Chief Operating Officer C/O BGC PARTNERS, INC., 499 PARK AVENNUE NY 10022
Stephen M Merkel officer: EVP and General Counsel C/O BGC PARTNERS, INC., 499 PARK AVENUE, NEW YORK NY 10022
Linda A Bell director C/O BGC PARTNERS, INC., 499 PARK AVENUE, NEW YORK NY 10022
David Richards director C/O BGC PARTNERS, INC., 499 PARK AVENUE, NEW YORK NY 10022
Martin Laguerre director C/O BGC PARTNERS, INC., 499 PARK AVENUE, NEW YORK NY 10022
Steven Bisgay officer: Chief Financial Officer 545 WASHINGTON BLVD, JERSEY CITY NJ 07310
Cf Group Management Inc director, 10 percent owner 135 EAST 57TH ST, NEW YORK NY 10022
Cantor Fitzgerald, L. P. director, 10 percent owner 110 EAST 59TH STREET, NEW YORK NY 10022
Sean Galvin officer: Chief Accounting Officer 545 WASHINGTON BOULEVARD, JERSEY CITY NJ 07310
William J Moran director 135 EAST 57TH ST, NEW YORK NY 10022
Howard W Lutnick director, 10 percent owner, officer: Chief Executive Officer
Steven R Mcmurray officer: Chief Financial Officer C/O BGC PARTNERS, INC., 499 PARK AVENUE, NEW YORK NY 10022