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BGC Group (LTS:0HKM) Cyclically Adjusted Price-to-FCF : (As of Jun. 09, 2024)


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

Note: If the price history is too short, we do not calculate current Cyclically Adjusted Price-to-FCF for this stock. All the historical data is shown as the company's primary share's data instead.

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
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 8.30 7.51 8.18 11.16 11.70

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 FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, BGC Group's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.026/131.7762*131.7762
=0.026

Current CPI (Mar. 2024) = 131.7762.

BGC Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.069 100.560 0.090
201409 0.134 100.428 0.176
201412 0.356 99.070 0.474
201503 -0.214 99.621 -0.283
201506 0.120 100.684 0.157
201509 0.292 100.392 0.383
201512 2.128 99.792 2.810
201603 -0.495 100.470 -0.649
201606 -0.688 101.688 -0.892
201609 0.028 101.861 0.036
201612 -0.733 101.863 -0.948
201703 0.921 102.862 1.180
201706 -0.019 103.349 -0.024
201709 0.724 104.136 0.916
201712 1.710 104.011 2.166
201803 -1.778 105.290 -2.225
201806 1.936 106.317 2.400
201809 -1.338 106.507 -1.655
201812 -0.234 105.998 -0.291
201903 -0.153 107.251 -0.188
201906 0.180 108.070 0.219
201909 0.150 108.329 0.182
201912 0.218 108.420 0.265
202003 -0.169 108.902 -0.204
202006 0.212 108.767 0.257
202009 0.124 109.815 0.149
202012 0.266 109.897 0.319
202103 0.056 111.754 0.066
202106 0.243 114.631 0.279
202109 0.253 115.734 0.288
202112 0.121 117.630 0.136
202203 -0.044 121.301 -0.048
202206 0.099 125.017 0.104
202209 0.125 125.227 0.132
202212 0.153 125.222 0.161
202303 0.020 127.348 0.021
202306 -0.313 128.729 -0.320
202309 0.631 129.860 0.640
202312 0.314 129.419 0.320
202403 0.026 131.776 0.026

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  (LTS:0HKM) 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

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BGC Group (LTS:0HKM) Business Description

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.

BGC Group (LTS:0HKM) Headlines

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