As of today (2024-04-26), Legg Mason's share price is $49.99.
Legg Mason's Free Cash Flow per Share for the trailing twelve months (TTM) ended in Jun. 2020 was $5.91. Hence, Legg Mason's Price-to-Free-Cash-Flow Ratio for today is 8.46.
The historical rank and industry rank for Legg Mason's Price-to-Free-Cash-Flow or its related term are showing as below:
LM'
s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 3.52 Med: 8.67 Max: 17.89
Current: 7.81
During the past 13 years, Legg Mason's highest Price-to-Free-Cash-Flow Ratio was 17.89. The lowest was 3.52. And the median was 8.67.
LM's Price-to-Free-Cash-Flow is not ranked
in the Asset Management industry.
Industry Median: 12.72
vs LM: 7.81
During the past 12 months, the average Free Cash Flow per Share Growth Rate of Legg Mason was 22.50% per year.
During the past 3 years, the average Free Cash Flow per Share Growth Rate was 6.20% per year.
During the past 5 years, the average Free Cash Flow per Share Growth Rate was 7.10% per year.
During the past 10 years, the average Free Cash Flow per Share Growth Rate was 7.40% per year.
During the past 13 years, Legg Mason's highest 3-Year average Free Cash Flow per Share Growth Rate was 53.40% per year. The lowest was -37.60% per year. And the median was 15.00% per year.
Legg Mason Price-to-Free-Cash-Flow Historical Data
The historical data trend for Legg Mason's Price-to-Free-Cash-Flow 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.
Competitive Comparison of Legg Mason's Price-to-Free-Cash-Flow
For the Asset Management subindustry, Legg Mason's Price-to-Free-Cash-Flow, along with its competitors' market caps and Price-to-Free-Cash-Flow 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-Free-Cash-Flow Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Legg Mason's Price-to-Free-Cash-Flow distribution charts can be found below:
* The bar in red indicates where Legg Mason's Price-to-Free-Cash-Flow falls into.
Legg Mason Price-to-Free-Cash-Flow Calculation
Legg Mason's Price-to-Free-Cash-Flow ratio for today is calculated as
Legg Mason's Share Price of today is $49.99. Legg Mason's Free Cash Flow per Share 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 $5.91.
* 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.
It can also be calculated from the numbers for the whole company:
Free Cash Flow is considered more important than earnings by value investors. The reason is because, in principle, only the net cash that can be taken from the business belongs to shareholders. This Free Cash Flow can be used to grow the business, reduce debt or return to shareholders in dividends or share buybacks.
In a DCF Calculation Free Cash Flow is used to determine the intrinsic value of companies.
Be Aware
In real business, Free Cash Flow can be affected by the change in accounts receivable, accounts payable, management's decision on expansion, etc. Therefore, investors should look at the Free Cash Flow over the longer term. Long-term average of Free Cash Flow is a more reliable indicator for real free cash flow.
Legg Mason Price-to-Free-Cash-Flow Related Terms
Thank you for viewing the detailed overview of Legg Mason's Price-to-Free-Cash-Flow provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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