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GuruFocus has detected 3 Warning Signs with Legg Mason Inc $LM.
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Legg Mason Inc (NYSE:LM)
Non-Recurring Items
$55 Mil (TTM As of Mar. 2017)

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. 2017 was $22 Mil. Its non-recurring items for the trailing twelve months (TTM) ended in Mar. 2017 was $55 Mil.

As of today, Legg Mason Inc's share price is $39.93. Legg Mason Inc's earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Mar. 2017 was $2.19. Therefore, Legg Mason Inc's P/E (NRI) ratio for today is 18.23.


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. 2017 was 9.813 (Jun. 2016 ) + 15.181 (Sep. 2016 ) + 7.584 (Dec. 2016 ) + 22.415 (Mar. 2017 ) = $55 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 $39.93.
Legg Mason Inc's Earnings per Share (NRI) for the trailing twelve months (TTM) ended in Mar. 2017 was 0.31 (Jun. 2016 ) + 0.63 (Sep. 2016 ) + 0.5 (Dec. 2016 ) + 0.75 (Mar. 2017 ) = $2.19.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 local exchange's currency.

Legg Mason Inc Annual Data

Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15Mar16Mar17
Non Operating Income -601-2,3921276140-2135-79-3355

Legg Mason Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
Non Operating Income 9106-305-141015822
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