Jim Cramer on BGC Group: “It Has Been Historically Cheap Is the Problem”

BGC Group, Inc. (NASDAQ:BGC) is among Jim Cramer’s stock calls as he discussed the impact of the bond market. Toward the end of the recent lightning round on Mad Money, a caller asked about the valuation of the stock as they noted a significant discrepancy between its current trailing and forward PE multiples. Cramer replied:

Okay, well, I think that it’s considered too commodity. I think, but I agree with you, by the way. It does seem too cheap to me. It has been historically cheap is the problem. People just don’t pay up for it. Remember, you are at a high, and I don’t want to push a stock at its high when there are other brokers that are way, way off their highs.

A technical stock market chart. Photo by Energepic from Pexels

BGC Group, Inc. (NASDAQ:BGC) provides technology and brokerage services, helping large institutions and governments trade assets such as bonds, stocks, and energy products.

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