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Legg Mason Inc  (NYSE:LM) Market Cap (M): $3,515 Mil (As of Today)

Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Legg Mason Inc's share price for the quarter that ended in Jun. 2017 was $38.16. Legg Mason Inc's Shares Outstanding (EOP) for the quarter that ended in Jun. 2017 was 96 Mil. Therefore, Legg Mason Inc's market cap for the quarter that ended in Jun. 2017 was $3,658 Mil.

Legg Mason Inc's quarterly market cap increased from Dec. 2016 ($2,934 Mil) to Mar. 2017 ($3,457 Mil) and increased from Mar. 2017 ($3,457 Mil) to Jun. 2017 ($3,658 Mil).

Legg Mason Inc's annual market cap declined from Mar. 2015 ($6,153 Mil) to Mar. 2016 ($3,711 Mil) and declined from Mar. 2016 ($3,711 Mil) to Mar. 2017 ($3,457 Mil).

Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Legg Mason Inc's Enterprise Value for Today is $4,796 Mil.


Historical Data

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

* Premium members only.

Legg Mason Inc Annual Data

Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17
Market Cap (M) Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4,029.68 5,746.02 6,153.14 3,711.11 3,456.81

Legg Mason Inc Quarterly Data

Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
Market Cap (M) Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3,055.16 3,380.81 2,933.87 3,456.81 3,658.02

Competitive Comparison
* 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.


Calculation

Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.

Legg Mason Inc's Market Cap for the fiscal year that ended in Mar. 2017 is calculated as

Market Cap (A: Mar. 2017 )=Share Price (A: Mar. 2017 )*Shares Outstanding (EOP) (A: Mar. 2017 )
=36.11*95.73
=3,457

Legg Mason Inc's Market Cap for the quarter that ended in Jun. 2017 is calculated as

Market Cap (Q: Jun. 2017 )=Share Price (Q: Jun. 2017 )*Shares Outstanding (EOP) (Q: Jun. 2017 )
=38.16*95.86
=3,658

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


Explanation

Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the company’s debt. The real price you pay is the Enterprise Value.

Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.


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