Legg Mason (Legg Mason) Price-to-Tangible-Book : (As of May. 12, 2024)

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What is Legg Mason Price-to-Tangible-Book?

As of today (2024-05-12), Legg Mason's share price is $49.99. Legg Mason's Tangible Book per Share of Jun. 2020 for the quarter that ended in Jun. 2020 was $-14.94. Hence, Legg Mason's Price to Tangible Book Ratio of today is .

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

During the past 13 years, Legg Mason's highest Price to Tangible Book Ratio was 186.91. The lowest was 0.00. And the median was 9.40.

LM's Price-to-Tangible-Book is not ranked ^*
in the Asset Management industry.
Industry Median: 0.96
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, Legg Mason's share price is $49.99. Legg Mason's Book Value per Sharefor the quarter that ended in Jun. 2020 was $42.71. Hence, Legg Mason's P/B Ratio of today is 1.17.

Legg Mason Price-to-Tangible-Book Historical Data

The historical data trend for Legg Mason's Price-to-Tangible-Book 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 Price-to-Tangible-Book Chart

Legg Mason Annual Data

Trend

Mar11

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Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

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Mar20

Price-to-Tangible-Book

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Legg Mason Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Price-to-Tangible-Book	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Legg Mason's Price-to-Tangible-Book

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

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

* The bar in red indicates where Legg Mason's Price-to-Tangible-Book falls into.

Legg Mason Price-to-Tangible-Book Calculation

Legg Mason's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Jun. 2020 )
	=	49.99	/	-14.942
	=

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Legg Mason Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Legg Mason's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Legg Mason (Legg Mason) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Legg Mason Inc (NYSE:LM) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

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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.