Stock fact sheet · data as of
BGC Group, Inc (BGC): fair value, margin of safety and Wheel Score
Ticker symbol BGC · Financial Services · Financial - Capital Markets · United States · Class A common stock · Growth
BGC is BGC Group, Inc's Class A common stock. The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is BGC undervalued?
BGC closed at 11.27 on 5 Nov 2026, which is 19% above the GLS average fair value of 9.43 from 9 models. 6 of them value the shares below today's price. Our scans read that as "no margin of safety": the stock is not a value candidate at this price, whatever the quality numbers say.
The 9 models disagree widely: DDM gives 1.18 while Payback Time gives 23.83. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
Ranked against every other company we cover, BGC is clearly faster-growing than it is cheap, so the nightly engine files it under Growth (value score 23, growth score 73, out of 100).
Nine valuation models for BGC
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 1.28 | -89% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 4.68 | -58% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 13.55 | +20% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 5.15 | -54% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 9.91 | -12% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 20.68 | +83% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 23.83 | +111% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 1.18 | -90% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 4.65 | -59% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -3.18 | -128% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 11.50 | +2% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
On financial health BGC scores 8/9 (Piotroski): most of the nine tests - positive earnings and cash flow, falling debt, rising margins and turnover - are passed, which is the kind of balance sheet a wheel trader is happy to be assigned. The GLS Moat score is 6.4 out of 10: a record that is solid on some of the four parts the score weighs (returns on capital, pricing power, lasting growth, balance sheet) and weaker on others.
Returns on capital are moderate - ROIC 5.6%, ROE 15.9%, ROA 3.5% - with debt at 1.85 times equity and a free-cash-flow yield of 7.3%.
The dividend yield is 0.71% with a payout ratio of 20% - a small yield that leaves most of the earnings in the business. Revenue comes mainly from Commissions 93%, Data Software And Post Trade 5%, Fees From Related Parties 1% (quarter Q2 FY2026).
Institutional ownership scores 8/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 8 / 9 | ROIC | 5.6% |
|---|---|---|---|
| GLS Moat | 6.4 / 10 | ROE | 15.9% |
| Debt / equity | 1.85 | ROA | 3.5% |
| Free-cash-flow yield | 7.3% | Payout ratio | 20% |
| Institutions | 8 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 42: Weak
BGC scores 42 out of 100 on the Wheel Score, in the Weak band (under 50): it fails filter 3, below fair value - trades 19% above our fair value, and the parts are thin too - value weak, premium strong, moat good, health strong, red flags strong, option trading weak, stability good. The score is not a judgement on the company; it says the price, quality and premium do not line up for selling puts on it today.
Implied volatility is 45% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 2,300 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 4.0M shares a day on a market cap of $5.3B, with a beta of 0.99; the Stability part of the Wheel Score rates that good.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Fails | trades 19% above our fair value |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 19% above fair value | |
| Premium | Strong | implied volatility 45% | |
| Moat | Good | moat 6.4/10 | |
| Health | Strong | Piotroski 8/9 | |
| Red Flags | Strong | Red Flags score 100/100 | |
| Option trading | Weak | 447 contracts a day, 2,300 open interest | |
| Stability | Good | beta 0.99, $5.3B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
BGC Group, Inc reports earnings on 5 Nov 2026 (before the open) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
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Start free See the Sunday ScanQuestions about BGC
What kind of share is BGC?
BGC is BGC Group, Inc's Class A common stock. The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is BGC undervalued right now?
No: at 11.27 the stock trades 19% above the GLS average fair value of 9.43 (data as of 5 Nov 2026). The margin of safety is negative.
What is the Wheel Score of BGC and what does it mean?
BGC scores 42 out of 100 (Weak) - it fails Wheel Trade Filter 3. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for BGC?
9.43 per share as of 5 Nov 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does BGC Group, Inc report earnings next?
The next earnings report is due on 5 Nov 2026 (before the open), 0 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does BGC have listed options, and how liquid are they?
Yes. The nightly snapshot found 36 listed contracts with 2,300 open interest across all expiries and implied volatility of 45% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.