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Legg Mason Inc (NYSE:LM)
Non-Recurring Items
$-79 Mil (TTM As of Mar. 2015)

Non-Recurring Items are the incomes received or expenses incurred by the business that are not from regular operations. Legg Mason Inc's non-recurring items for the three months ended in Mar. 2015 was $10 Mil. Its non-recurring items for the trailing twelve months (TTM) ended in Mar. 2015 was $-79 Mil.

As of today, Legg Mason Inc's share price is $49.14. Legg Mason Inc's earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Mar. 2015 was $2.07. Therefore, Legg Mason Inc's P/E (NRI) ratio for today is 23.74.


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.

Legg Mason Inc Non-Recurring Items for the trailing twelve months (TTM) ended in Mar. 2015 was 9.255 (Jun. 2014 ) + -108.235 (Sep. 2014 ) + 9.2 (Dec. 2014 ) + 10.388 (Mar. 2015 ) = $-79 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.

Legg Mason Inc's P/E (NRI) Ratio for today is calculated as

Legg Mason Inc's Share Price of today is $49.14.
Legg Mason Inc's Earnings per Share (NRI) for the trailing twelve months (TTM) ended in Mar. 2015 was 0.61 (Jun. 2014 ) + 0.04 (Sep. 2014 ) + 0.67 (Dec. 2014 ) + 0.75 (Mar. 2015 ) = $2.07.

* 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.

Legg Mason Inc Annual Data

Mar06Mar07Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15
Non Operating Income 4028-601-2,3921276140-2135-79

Legg Mason Inc Quarterly Data

Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15
Non Operating Income 6193121559-108910
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