Legg Mason (Legg Mason) Book Value per Share : $42.71 (As of Jun. 2020)

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What is Legg Mason Book Value per Share?

Legg Mason's book value per share for the quarter that ended in Jun. 2020 was $42.71.

During the past 12 months, Legg Mason's average Book Value Per Share Growth Rate was 0.30% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 0.20% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 1.10% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 4.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Legg Mason was 46.60% per year. The lowest was -12.80% per year. And the median was 9.15% per year.

Legg Mason's current price is $49.99. Its book value per share for the quarter that ended in Jun. 2020 was $42.71. Hence, today's PB Ratio of Legg Mason is 1.17.

During the past 13 years, the highest P/B Ratio of Legg Mason was 1.59. The lowest was 0.56. And the median was 0.86.

Good Sign:

Legg Mason Inc stock PB Ratio (=1.11) is close to 1-year low of 1.11

Legg Mason Book Value per Share Historical Data

The historical data trend for Legg Mason's Book Value per Share 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.

Legg Mason Book Value per Share Chart

Legg Mason Annual Data

Trend

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Book Value per Share

Get a 7-Day Free Trial

39.38

41.61

45.20

42.78

43.21

Legg Mason Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Book Value per Share	Get a 7-Day Free Trial															42.71	42.86	43.82	43.21	42.71

Competitive Comparison of Legg Mason's Book Value per Share

For the Asset Management subindustry, Legg Mason's PB Ratio, along with its competitors' market caps and PB Ratio 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.

Legg Mason's PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Legg Mason's PB Ratio distribution charts can be found below:

* The bar in red indicates where Legg Mason's PB Ratio falls into.

Legg Mason Book Value per Share Calculation

Legg Mason's Book Value Per Share for the fiscal year that ended in Mar. 2020 is calculated as:

Book Value Per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (EOP)
	=	(3,793	-	0)	/	88
	=	43.21

Legg Mason's Book Value Per Share for the quarter that ended in Jun. 2020 is calculated as:

Book Value Per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (EOP)
	=	(3,866	-	0)	/	91
	=	42.71

Theoretically it is what the shareholders will receive if the company is liquidated. Total Stockholders Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company.

Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.

Legg Mason (NYSE:LM) Book Value per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.

Legg Mason Book Value per Share Related Terms

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Legg Mason (Legg Mason) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Legg Mason Inc (NYSE:LM) » Definitions » Book Value per Share

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 International Drive, Baltimore, MD, USA, 21202-1099

Website

https://www.leggmason.com

Legg Mason provides investment management services for institutional and individual investors. The firm had $783.4 billion in managed assets at the end of June, spread among its equity (25% of total AUM), fixed-income (57%), alternatives (9%), and money market (9%) investment platforms. Legg Mason uses a multiaffiliate business model, with its single- largest affiliate, Western Asset Management, accounting for more than 60% of managed assets. Other major affiliates include ClearBridge Investments (more than 15% of AUM), Brandywine (less than 10%), and Clarion Partners (less than 10%). The remaining affiliates--Martin Currie, Royce & Associates, EnTrustPermal, QS Investors, and RARE Infrastructure--each account for 2% or less of Legg Mason's managed assets.