Legg Mason (Legg Mason) EV-to-EBIT : 11.11 (As of Apr. 26, 2024)

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What is Legg Mason EV-to-EBIT?

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Legg Mason's Enterprise Value is $5,666 Mil. Legg Mason's EBIT for the trailing twelve months (TTM) ended in Jun. 2020 was $510 Mil. Therefore, Legg Mason's EV-to-EBIT for today is 11.11.

The historical rank and industry rank for Legg Mason's EV-to-EBIT or its related term are showing as below:

LM' s EV-to-EBIT Range Over the Past 10 Years
Min: -157.73 Med: 11.06 Max: 467.11
Current: 10.51

During the past 13 years, the highest EV-to-EBIT of Legg Mason was 467.11. The lowest was -157.73. And the median was 11.06.

LM's EV-to-EBIT is not ranked
in the Asset Management industry.
Industry Median: 9.75 vs LM: 10.51

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Legg Mason's Enterprise Value for the quarter that ended in Jun. 2020 was $5,724 Mil. Legg Mason's EBIT for the trailing twelve months (TTM) ended in Jun. 2020 was $510 Mil. Legg Mason's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2020 was 8.91%.

Legg Mason EV-to-EBIT Historical Data

The historical data trend for Legg Mason's EV-to-EBIT 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 EV-to-EBIT Chart

Legg Mason Annual Data

Trend

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

EV-to-EBIT

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217.84

9.43

11.94

23.11

9.95

Legg Mason Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
EV-to-EBIT	Get a 7-Day Free Trial															41.22	42.17	8.25	9.95	11.03

Competitive Comparison of Legg Mason's EV-to-EBIT

For the Asset Management subindustry, Legg Mason's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Legg Mason's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Legg Mason's EV-to-EBIT falls into.

Legg Mason EV-to-EBIT Calculation

Legg Mason's EV-to-EBIT for today is calculated as:

EV-to-EBIT	=	Enterprise Value (Today)	/	EBIT (TTM)
	=	5666.074	/	509.889
	=	11.11

Legg Mason's current Enterprise Value is $5,666 Mil.
Legg Mason's EBIT for the trailing twelve months (TTM) ended in Jun. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $510 Mil.

Legg Mason (NYSE:LM) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Legg Mason's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2020 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Jun. 2020 )	=	EBIT	/	Enterprise Value (Q: Jun. 2020 )
	=	509.889	/	5723.645275
	=	8.91 %

Legg Mason's Enterprise Value for the quarter that ended in Jun. 2020 was $5,724 Mil.
Legg Mason's EBIT for the trailing twelve months (TTM) ended in Jun. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $510 Mil.

Legg Mason EV-to-EBIT 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 » EV-to-EBIT

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.