Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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 GroupFRA:ESD -1.49%64 Debt-to-EBITDA is 3.41 as of Mar. 2026, which is 33% below its 10-year median of 5.08. GuruFocus rates FRA:ESD with a GF Score™ of 64/100 and a GF Value™ of €11.00 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 422 Capital Markets companies, BGC Group ranks worse than 64.22% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for BGC Group's Debt-to-EBITDA or its related term are showing as below:
FRA:ESD'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.75 Med: 5.08 Max: 7.95
Current: 3.85
During the past 13 years, the highest Debt-to-EBITDA Ratio of BGC Group was 7.95. The lowest was 2.75. And the median was 5.08.
FRA:ESD's Debt-to-EBITDA is ranked worse than 64.22% of 422
companies
in the Capital Markets industry
Industry Median: 1.54
vs FRA:ESD: 3.85
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
BGC Group Debt-to-EBITDA Related Terms
BGC Group Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for BGC Group's Debt-to-EBITDA 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.
FRA:ESD vs VIRT, PIPR, FIGR: Debt-to-EBITDA Comparison
For the Capital Markets subindustry, BGC Group's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, BGC Group's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where BGC Group's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
BGC Group (FRA:ESD) has a Debt-to-EBITDA of 3.41 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on BGC Group. This is 33% below median its historical median of 5.08. Over the past decade, BGC Group's Debt-to-EBITDA has ranged from 2.75 to 7.95. According to the industry distribution chart, BGC Group ranks #271 out of 422 companies in the Capital Markets industry, placing it in the top 64.2%.
Is BGC Group's Debt-to-EBITDA too high?
BGC Group's current Debt-to-EBITDA of 3.41 is 33% below median its 10-year median of 5.08. Over the past 10 years, this metric has ranged from a low of 2.75 to a high of 7.95. The Capital Markets industry median Debt-to-EBITDA is 1.54. BGC Group's value of 3.41 is 121.4% above this industry median. Based on the distribution chart, BGC Group ranks #271 out of 422 companies in the Capital Markets industry, which is below the industry midpoint. Overall, BGC Group has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BGC Group's Debt-to-EBITDA compare to VIRT and PIPR?
According to the Capital Markets industry distribution chart, BGC Group ranks #271 out of 422 companies for Debt-to-EBITDA. This places BGC Group in the lower half of its industry. The industry median Debt-to-EBITDA is 1.54. BGC Group's value of 3.41 is 121.4% above this benchmark. Historically, BGC Group's own Debt-to-EBITDA has ranged from 2.75 to 7.95 over the past decade. While the company's 10-year median is 5.08 vs. the industry median of 1.54, BGC Group has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Capital Markets company?
The median Debt-to-EBITDA among Capital Markets companies is 1.54, based on 422 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BGC Group's current Debt-to-EBITDA of 3.41 is 121.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on BGC Group. For the Capital Markets industry, the median Debt-to-EBITDA is 1.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BGC Group's current Debt-to-EBITDA is 3.41, which is 33% below median its own 10-year median of 5.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BGC Group stock overvalued right now?
Based on GuruFocus' analysis, BGC Group (FRA:ESD) is currently considered Modestly Undervalued. The stock's GF Value™ is €11.00, compared to a current price of €9.95 — trading 9.5% below its estimated fair value. The current Debt-to-EBITDA is 3.41, which is 33% below median its 10-year median of 5.08 and 121.4% above the Capital Markets industry median of 1.54. BGC Group's overall GF Score™ is 64/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For BGC Group (FRA:ESD), the current Debt-to-EBITDA is 3.41 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is BGC Group (FRA:ESD) Overvalued in 2026?
Based on GuruFocus' analysis, BGC Group stock appears to be undervalued.
The current stock price of €9.95 is trading 9.5% below its estimated GF Value™ of €11.00.
GuruFocus considers BGC Group to be Modestly Undervalued.
Key valuation signals for FRA:ESD:
Debt-to-EBITDA: 3.41 (33% below median its 10-year median of 5.08)
GF Value™: €11.00 vs. price of €9.95 (9.5% below fair value)
Industry Position: 121.4% above the Capital Markets median (#271 of 422)
No single metric tells the full story. See the FRA:ESD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
64GF Score
Get the complete analysis for FRA:ESD
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:ESD has been successfully added to your 
