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Cowen Group, Inc. (NAS:COWN)
Non-Recurring Items
$68.1 Mil (TTM As of Sep. 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 Sep. 2014 was $16.3 Mil. Its non-recurring items for the trailing twelve months (TTM) ended in Sep. 2014 was $68.1 Mil.

As of today, Cowen Group, Inc.'s share price is $4.15. Cowen Group, Inc.'s earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Sep. 2014 was $0.22. Therefore, Cowen Group, Inc.'s P/E (NRI) ratio for today is 18.86.


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 Sep. 2014 was 9.756 (Dec. 2013 ) + 13.457 (Mar. 2014 ) + 28.646 (Jun. 2014 ) + 16.269 (Sep. 2014 ) = $68.1 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 $4.15.
Cowen Group, Inc.'s Earnings per Share (NRI) for the trailing twelve months (TTM) ended in Sep. 2014 was 0.02 (Dec. 2013 ) + 0.08 (Mar. 2014 ) + 0.07 (Jun. 2014 ) + 0.05 (Sep. 2014 ) = $0.22.

* 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

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Non Operating Income -2.00.925.81.8-200.518.875.079.162.952.0

Cowen Group, Inc. Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
Non Operating Income 7.810.019.517.08.917.99.813.528.616.3
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