BGC (BGC Group) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BGC BGC Group Inc BGC
77 GF Score
Price $12.21
GF Value $12.80
Valuation Fairly Valued
! 3 Warning Signs
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What is BGC Group Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


BGC Group  (NAS:BGC) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


BGC Group Cyclically Adjusted PS Ratio Related Terms


BGC Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for BGC Group's Cyclically Adjusted PS Ratio 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.

BGC Group Cyclically Adjusted PS Ratio Chart

BGC Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.71 0.58 1.15 1.46 1.51

BGC Group Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS Ratio 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 1.54 1.43 1.39 1.49 1.62

BGC vs MKTX, VIRT, PIPR: Cyclically Adjusted PS Ratio Comparison

For the Capital Markets subindustry, BGC Group's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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 Cyclically Adjusted PS Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, BGC Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where BGC Group's Cyclically Adjusted PS Ratio falls into.


BGC
77GF Score
BGC Group Inc BGC
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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BGC Group Cyclically Adjusted PS Ratio Calculation

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

BGC Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, BGC Group's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1.764/333.9520*333.9520
=1.764

Current CPI (Jun. 2026) = 333.9520.

BGC Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.724 241.428 2.385
201612 1.802 241.432 2.493
201703 1.774 243.801 2.430
201706 1.891 244.955 2.578
201709 1.836 246.819 2.484
201712 3.356 246.524 4.546
201803 1.094 249.554 1.464
201806 1.536 251.989 2.036
201809 1.034 252.439 1.368
201812 1.407 251.233 1.870
201903 1.058 254.202 1.390
201906 1.629 256.143 2.124
201909 1.507 256.759 1.960
201912 1.386 256.974 1.801
202003 1.119 258.115 1.448
202006 0.951 257.797 1.232
202009 1.252 260.280 1.606
202012 1.296 260.474 1.662
202103 1.021 264.877 1.287
202106 0.910 271.696 1.119
202109 1.224 274.310 1.490
202112 0.894 278.802 1.071
202203 1.008 287.504 1.171
202206 0.858 296.311 0.967
202209 0.838 296.808 0.943
202212 0.885 296.797 0.996
202303 1.062 301.836 1.175
202306 1.259 305.109 1.378
202309 1.011 307.789 1.097
202312 1.083 306.746 1.179
202403 1.211 312.332 1.295
202406 1.146 314.175 1.218
202409 1.171 315.301 1.240
202412 1.193 315.605 1.262
202503 1.365 319.799 1.425
202506 1.613 322.561 1.670
202509 1.539 324.800 1.582
202512 1.590 324.054 1.639
202603 1.991 330.213 2.014
202606 1.764 333.952 1.764

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.

Is BGC Group (BGC) Overvalued in 2026?

Based on GuruFocus' analysis, BGC Group stock appears to be undervalued. The current stock price of $12.21 is trading 4.6% below its estimated GF Value™ of $12.80. GuruFocus considers BGC Group to be Fairly Valued.

Key valuation signals for BGC:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $12.80 vs. price of $12.21 (4.6% below fair value)
  • GF Score™: 77/100 with 3 warning signs

No single metric tells the full story. See the BGC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BGC Group Business Description

Other Exchanges ESD:Germany
Address 499 Park Avenue, New York, NY, USA, 10022
BGC Group Inc is a brokerage and financial technology company that serves financial markets, energy, and commodities 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, financial institutions, and corporate clients. BGC operates in one reportable segment, which is providing brokerage services. Geographically, the company generates a majority of its revenue from Europe, the Middle East and Africa (EMEA), followed by the Americas and the Asia-Pacific region.
77GF Score

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Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$12.21
Price
$12.80
GF Value