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Cowen Group, Inc. (NAS:COWN)
Non-Recurring Items
$120.3 Mil (TTM As of Dec. 2014)

Non-Recurring Items are the incomes received or expenses incurred by the business that are not from regular operations. Cowen Group, Inc.'s non-recurring items for the three months ended in Dec. 2014 was $61.9 Mil. Its non-recurring items for the trailing twelve months (TTM) ended in Dec. 2014 was $120.3 Mil.

As of today, Cowen Group, Inc.'s share price is $5.81. Cowen Group, Inc.'s earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Dec. 2014 was $1.41. Therefore, Cowen Group, Inc.'s P/E (NRI) ratio for today is 4.12.


Definition

Non-Recurring Items are the incomes received or expenses incurred by the business that are not from regular operations. Examples of NRI include gains (losses) from plant shutdown, lease-breaking fees, lawsuit, write-offs, write-downs, restructuring costs or sales of an investment, discontinued operations etc.

NRI can impact a company’s reported income drastically.

Cowen Group, Inc. Non-Recurring Items for the trailing twelve months (TTM) ended in Dec. 2014 was 13.457 (Mar. 2014 ) + 28.646 (Jun. 2014 ) + 16.269 (Sep. 2014 ) + 61.879 (Dec. 2014 ) = $120.3 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

GuruFocus lists a P/E (NRI), which is the price/earnings before NRI. We believe it more accurately reflects the valuation of the company.

Cowen Group, Inc.'s P/E (NRI) Ratio for today is calculated as

Cowen Group, Inc.'s Share Price of today is $5.81.
Cowen Group, Inc.'s Earnings per Share (NRI) for the trailing twelve months (TTM) ended in Dec. 2014 was 0.08 (Mar. 2014 ) + 0.07 (Jun. 2014 ) + 0.05 (Sep. 2014 ) + 1.21 (Dec. 2014 ) = $1.41.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Net Income, P/E (NRI)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Cowen Group, Inc. Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
Non Operating Income 0.925.81.8-200.518.875.079.162.950.7120.3

Cowen Group, Inc. Quarterly Data

Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14
Non Operating Income 10.019.517.08.917.98.513.528.616.361.9
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