BGC GroupFRA:ESD -2.63%61 Return-on-Tangible-Equity is Negative Tangible Equity% as of Mar. 2026. GuruFocus rates FRA:ESD with a GF Score™ of 61/100 and a GF Value™ of €10.97 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 779 Capital Markets companies, BGC Group ranks better than 99.87% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. BGC Group's annualized net income for the quarter that ended in Mar. 2026 was €291 Mil. BGC Group's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €-30 Mil. Therefore, BGC Group's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was Negative Tangible Equity%.
The historical rank and industry rank for BGC Group's Return-on-Tangible-Equity or its related term are showing as below:
FRA:ESD'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 45.98 Med: 89.19 Max: 2343.65
Current: Negative Tangible Equity
During the past 13 years, BGC Group's highest Return-on-Tangible-Equity was 2,343.65%. The lowest was 45.98%. And the median was 89.19%.
FRA:ESD's Return-on-Tangible-Equity is ranked better than 99.87% of 779
companies
in the Capital Markets industry
Industry Median: 6.56
vs FRA:ESD: Negative Tangible Equity
BGC Group (FRA:ESD) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
BGC Group Return-on-Tangible-Equity Related Terms
BGC Group Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for BGC Group's Return-on-Tangible-Equity 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 MARA, GLXY, VIRT: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, BGC Group's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, BGC Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where BGC Group's Return-on-Tangible-Equity 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 Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of Negative Tangible Equity% mean?
BGC Group (FRA:ESD) has a Return-on-Tangible-Equity of Negative Tangible Equity% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on BGC Group and its competitors. Over the past decade, BGC Group's Return-on-Tangible-Equity has ranged from 45.98 to 2,343.65. According to the industry distribution chart, BGC Group ranks #1 out of 779 companies in the Capital Markets industry, placing it in the top 0.099999999999994%.
Is BGC Group's Return-on-Tangible-Equity too high?
BGC Group's current Return-on-Tangible-Equity is Negative Tangible Equity%. Over the past 10 years, this metric has ranged from a low of 45.98 to a high of 2,343.65. Based on the distribution chart, BGC Group ranks #1 out of 779 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, BGC Group has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BGC Group's Return-on-Tangible-Equity compare to MARA and GLXY?
According to the Capital Markets industry distribution chart, BGC Group ranks #1 out of 779 companies for Return-on-Tangible-Equity. This places BGC Group in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.56. Historically, BGC Group's own Return-on-Tangible-Equity has ranged from 45.98 to 2,343.65 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.56, based on 779 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on BGC Group and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BGC Group's current Return-on-Tangible-Equity is Negative Tangible Equity%. 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 €10.97, compared to a current price of €9.25 — trading 15.7% below its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. BGC Group's overall GF Score™ is 61/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For BGC Group (FRA:ESD), the current Return-on-Tangible-Equity is Negative Tangible Equity% 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 €9.25 is trading 15.7% below its estimated GF Value™ of €10.97.
GuruFocus considers BGC Group to be Modestly Undervalued.
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.
61GF Score
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